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                                                                                                                 2023 Annual Report




                                                                                                              07
Good Corporate Governance
590   Best Achievements in Corporate Governance Implementation                       Disclosure Of Information On Board Of Commissioners and Board Of
                                                                              956
                                                                                     Directors Share Ownership and Its Application
591   Commitment to Sustainable Corporate Governance Implementation
                                                                                     Board Of Commissioners And Board Of Directors Share Ownership In
595   Governance Framework                                                    962
                                                                                     Banks Or Other Companies
596   Improving The Quality of GCG Implementation Sustainably                 963    Violation Reporting System (Whistleblowing System)
612   Corporate Governance Structure And Mechanism                            966    Anti Corruption Policy
615   General Meeting of Shareholders                                         967    Internal Deviations
637   Board Of Directors                                                      968    Provision Of Funds For Related Parties And Large Exposure
680   Board Of Commissioners                                                  969    Providing Loans To Related Parties
724   Independent Commissioners                                               971    Provision Of Funds For Social And Political Activities
      Board of Directors and Board of Commissioners Nomination and            972    Procurement of Goods And/Or Services
727
      Remuneration
                                                                              977    Bank’s Strategic Plan
750   Organs Under The Board Of Commissioners
                                                                              979    Reporting Transparency
816   Supporting Organs of The Board Of Directors
                                                                              984    Conflict Of Interest Policy (Including Insider Trading)
864   External Auditor
                                                                              985    Shares And Bonds Buyback
868   Internal Control System
                                                                              986    Management Of State Officials’ Assets Reports (LHKPN)
873   Risk Management System
                                                                              987    Transparency Of Financial and Non-Financial Conditions
898   Legal Cases
                                                                                     Transparency Of Customer Complaints Procedures And Customer
903   Administrative Sanctions                                                988
                                                                                     Dispute Settlement
903   Company Code Of Ethics                                                  991    Bad Corporate Governance Practices
904   Long Term Compensation Policy                                           992    Integrated Governance Implementation
906   Access To Company Information and Data                                         Corporate Governance Aspects And Principles Implementation In
                                                                              1002
909   Akses Informasi dan Data Perusahaan                                            Accordance With Financial Services Authority Regulations

      Implementation Of Anti-Money Laundering (Aml) Programs,                        Implementation Of Indonesian Corporate Governance General
                                                                              1010
950   Prevention Of Terrorism Financing (Ptf) And Prevention Of Funding For          Guidelines (PUGKI)
      The Proliferation Of Weapons Of Mass Destruction                        1019   Implementation Of The Asean Corporate Governance Scorecard
953   Protection Of Creditors’ Rights                                                Implementation Of Corporate Governance Principles For Banks
                                                                              1065
953   Anti-Gratification & Anti-Bribery Policy                                       According To Basel Committee On Banking Supervision Standards




                                                                                      PT Bank Negara Indonesia (Persero) Tbk
Page 3
          2023                 Management                 Company      Management Discussion and               Business Support
      Performance                Report                    Profile   Analysis on Company Performance              Functions




      Best Achievements in Corporate
      Governance Implementation




      “
      In carrying out its activities, BNI always prioritizes the best governance
      principles and practices. Due to the implementation of governance,
      in 2023 BNI received a number of awards and titles in the field of
      Corporate Governance, including "The Best Overall - Big Caps" and
      "The Most Trusted Company".




                             108,39                                                       92,26
                        "The Best Overall - Big Caps"                             "The Most Trusted Company"
                     The 14th IICD Corporate Governance                              Corporate Governance
                          Conference & Award 2023                                    Perception Index 2023




590   From Local to Global
Page 4
Capital & Risk Management          Good Corporate         Social & Environmental                 ESG                          Financial
          Practices                 Governance                Responsibility                  Commitment                     Statements




           Commitment to Sustainable
 Corporate Governance Implementation


            The entire Board of Directors, the Board of Commissioners, and the employees of BNI are
            committed to carrying out their duties and working properly and responsibly in accordance
            with the authority granted by the Articles of Association, as well as complying with BNI’s
            Core Values (AKHLAK), Beliefs, BNI’s Code of Ethics, BNI’s internal regulations, prevailing laws
            and regulations, as well as the principles of Good Corporate Governance, and sound Bank
            management principles.




All BNI Hi-Movers are committed to implementing Corporate Governance in a sustainable manner. The implementation
of governance is expected to create sustainable value for BNI. For this reason, the Board of Directors and Board of
Commissioners carry out their leadership roles to achieve the following governance results:
1. Competitive and focused on long-term performance
2. Be ethical and responsible in running a business
3. Contribute positively to community and the environment
4. Ability to survive and grow (corporate resilience)

This commitment is stated in the Integrity Pact document (for the Board of Directors and Board of Commissioners) as
well as the Commitment to Implementing Good Corporate Governance Integrity document (for employees).

BOARD OF COMMISSIONERS' COMMITMENT


        1
        Perform duties and work properly and
                                                       2
                                                       Establish a working environment free
                                                                                                           3
                                                                                                           Act objectively, upholding ethical and
        responsible in accordance with the             of corruption, collusion, and nepotism              moral values, fairness, transparency,
        authority granted by the Articles of           by encouraging and supervising the                  consistency, and honesty and
        Association of PT Bank Negara Indonesia        implementation of the Anti-Bribery                  commitment, and encouraging all
        (Persero) Tbk (hereinafter referred to         Management System (SMAP) and/or                     working partners to promote ethical,
        as BNI), and comply BNI’s Core Values          Gratification Control, which includes               healthy, and transparent business
        (AKHLAK), Beliefs, BNI Code of Conduct,        policies, strategies, evaluations, and the          practices.
        BNI’s internal provisions, applicable laws     sufficiency of HC in SMAP operations.
        and regulations as well as the principles of
        Good Corporate Governance, and sound
        Bank management principles.




        4
        Avoid all forms of conflict of interest
                                                       5
                                                       Play an active role in preventing the
                                                                                                           6
                                                                                                           Being willing to be subject to sanctions
        when performing duties, and do not             possibility of fraud by not committing or           if when carrying out their duties and
        adversely affect the independence of           tolerating all forms of fraud within the            responsibilities as a BNI employee it is
        other BNI employees.                           work environment, and be willing to report          proven that they have not carried out the
                                                       anything suspected of fraud (occurring              commitments as mentioned above.
                                                       within the environment and/or using BNI
                                                       facilities) through the reporting media in
                                                       BNI.




                                                                                                    Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   591
Page 5
          2023                            Management                             Company                        Management Discussion and                          Business Support
      Performance                           Report                                Profile                     Analysis on Company Performance                         Functions




      BOARD OF DIRECTORS’ COMMITMENT


               1
               Carry out duties and work properly
                                                                        2
                                                                        Create a work environment free from
                                                                                                                              3
                                                                                                                              Act objectively and uphold ethical and
               and responsibly in accordance with                       corruption, collusion, nepotism (KKN),                moral values, fairness, transparency,
               the authority granted by the Articles of                 by encouraging and supervising the                    consistency and uphold honesty and
               Association of PT Bank Negara Indonesia                  implementation of the Anti-Bribery                    commitment and always encourage all
               (Persero) Tbk (hereinafter referred to                   Management System and/or Gratification                working partners to promote ethical,
               as BNI), and follow BNI’s Core Values                    Control including the policies, strategies,           healthy and transparent business
               (AKHLAK), Beliefs, BNI Code of Conduct,                  evaluations and adequacy of HC in SMAP                practices.
               BNI’s internal provisions, applicable laws               operations, and/or Gratification Control
               and regulations as well as the principles of             through activities including but not limited to
               Good Corporate Governance, and sound                     not giving, promising, and/or receiving rewards
               bank management principles.                              in any form to or from customers, debtors,
                                                                        vendors, partners, work partners, regulators/
                                                                        supervisors, and/or other parties, both external
                                                                        and internal.



               4
               Avoid all forms of conflicts of interest
                                                                        5
                                                                        Do not use company information and
                                                                                                                              6
                                                                                                                              Make prudent (duty of care and loyalty)
               when carrying out duties, and not                        data for personal or other parties’ gains             and professional decisions within
               affect the independence of other BNI                     where this is prohibited based on internal            BNI’s operational activities, including
               personnel.                                               and external provisions, such as insider              procurement of goods and services, HC
                                                                        trading, misuse of company data etc.                  management, provision of funds, and
                                                                                                                              management of other business activities
                                                                                                                              for the benefit of BNI.




                                             7
                                             Play an active role in preventing the
                                                                                                     8
                                                                                                     Being willing to be subject to sanctions
                                             possibility of fraud by not committing or               if when carrying out their duties and
                                             tolerating all forms of fraud within the                responsibilities as a BNI employee it is
                                             work environment, and be willing to report              proven that they have not carried out the
                                             anything suspected of fraud (occurring                  commitments as mentioned above.
                                             within the environment and/or using BNI
                                             facilities) through the reporting media in
                                             BNI.




      BNI HI-MOVERS’ COMMITMENT


        1
        Accept and consistently implement AKHLAK, Beliefs and the BNI Code of Ethics.
                                                                                                     6
                                                                                                     Take full responsibility for maintaining the confidentiality of customer and
                                                                                                     company data.




        2
        Understand and comply with the applicable provisions when carrying out duties
                                                                                                      7
                                                                                                      Do not use company funds, data and assets for personal and family interests.
        in accordance with the Good Corporate Governance principles.




        3
        Maintain integrity and uphold ethical, moral and honest values.
                                                                                                     8
                                                                                                     Play an active role in preventing and eradicating fraud and violations.




        4
        Work professionally and carefully.
                                                                                                      9
                                                                                                      Create a work environment free from Corruption, Collusion and Nepotism (KKN).




        5
        Actively understand and take full responsibility for the duties and roles.
                                                                                                     10
                                                                                                     Implement an Anti-Bribery Management System by avoiding gratuities, bribes
                                                                                                     and extortion.




592   From Local to Global
Page 6
Capital & Risk Management              Good Corporate            Social & Environmental                  ESG                               Financial
          Practices                     Governance                   Responsibility                   Commitment                          Statements




  11
  Do not use personal funds as bailout funds and/or personal accounts for the
                                                                                            15
                                                                                            Be willing to submit all information needed to uphold integrity.
  benefit of the company’s operational activities.




  12
  Avoid an excessive lifestyle.
                                                                                            16
                                                                                            Be responsible for all facilities and benefits obtained, and ensure their use is in
                                                                                            accordance with applicable regulations.




  13
  Maintain a good name and be wise when using social media.
                                                                                            17
                                                                                            Be willing to accept sanctions when committing violations listed in this integrity
                                                                                            pact.




  14
  Avoid all forms of conflict of interest.
                                                                                            18
                                                                                            All levels of BNI’s Board of Commissioners, Board of Directors and Employees
                                                                                            have signed a Implementation Commitment/Good Corporate Governance
                                                                                            Integrity Pact.




GOAL OF CORPORATE GOVERNANCE                                                              6. POJK No. 18/POJK.03/2014 concerning the
IMPLEMENTATION                                                                                Implementation of Integrated Governance for Financial
                                                                                              Conglomerates;
1. Increase BNI’s corporate value by implementing                                         7. POJK No. 33/POJK.04/2014 concerning Board of
   the GCG principles of Transparency, Accountability,                                        Directors and Board of Commissioners of Issuers or
   Responsibility, Independence, and Fairness in its                                          Public Companies;
   business, so that BNI has a strong national and regional                               8. POJK No. 35/POJK.04/2014 concerning the Corporate
   competitiveness and achieves sustainable corporate                                         Secretary of Issuers or Public Companies;
   value;                                                                                 9. POJK No. 8/POJK.04/2015 concerning Issuer or Public
2. Encourage all BNI organs to always emphasize the                                           Company Websites;
   GCG culture in all decision making based on applicable                                 10. POJK No. 21/POJK.04/2015 concerning Implementation
   values and norms as well as a high level of compliance                                     of Public Company Governance Guidelines;
   with prevailing laws and regulations;                                                  11. POJK No. 26/POJK.03/2015 concerning Integrated
3. Improve BNI’s performance through corporate efficiency                                     Capital Adequacy Requirements (KPMM) for Financial
   programs created by the implementation of the GCG                                          Conglomerates;
   culture in every BNI organ;                                                            12. POJK Regulation No. 31/POJK.04/2015 concerning
4. Increase investor confidence and place BNI as the first                                    Disclosure of Information or Material Facts by Issuers
   choice for investment.                                                                     or Public Companies;
                                                                                          13. POJK Regulation No. 56/PPOJK.04/2015 concerning
FOUNDATION FOR CORPORATE                                                                      the Establishment and Guidelines for the Internal Audit
GOVERNANCE IMPLEMENTATION                                                                     Charter;
                                                                                          14. POJK No. 4/POJK.03/2016 concerning Assessment of
The legal basis for GCG Implementation at BNI refers to:                                      the Soundness Level of Commercial Banks;
1. Law Number 7 of 1992 concerning Banking as amended                                     15. POJK No. 5/POJK.03/2016 concerning Bank Business
   several times, most recently by Law Number 4 of 2023                                       Plans;
   concerning Development and Strengthening of the                                        16. POJK No. 18/POJK.03/2016 concerning Implementation
   Financial Sector;                                                                          of Risk Management for Commercial Banks;
2. Law Number 8 of 1995 concerning Capital Markets                                        17. POJK No. 27/POJK.03/2016 concerning Capability and
   as amended by Law Number 4 of 2023 concerning                                              Conformity Assessment for Main Parties of Financial
   Development and Strengthening of the Financial Sector;                                     Services Institutions;
3. Law Number 40 of 2007 concerning Limited Liability                                     18. POJK No. 29/POJK.04/2016 concerning Annual Reports
   Companies as amended by Law Number 6 of 2023                                               of Issuers or Public Companies;
   concerning the Stipulation of Government Regulation in                                 19. POJK No. 51/POJK.03/2017 concerning the
   Lieu of Law Number 2 of 2022 concerning Job Creation                                       Implementation of Sustainable Finance for Financial
   into Law;                                                                                  Services Institutions, Issuers and Public Companies;
4. Law Number 27 of 2022 concerning Personal Data                                         20. POJK No. 1/POJK.03/2019 concerning Implementation
   Protection;                                                                                of the Internal Audit Function in Commercial Banks;
5. Financial Services Authority Regulation (POJK) No. 17/                                 21. POJK No. 37/POJK.03/2019 concerning Transparency
   POJK.03/2014 concerning Implementation of Integrated                                       and Publication of Bank Reports;
   Risk Management for Financial Conglomerates as
   amended by POJK No. 45/POJK.03/2020 of 2020
   concerning Financial Conglomerates;
                                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk           593
Page 7
          2023                Management                 Company              Management Discussion and           Business Support
      Performance               Report                    Profile           Analysis on Company Performance          Functions




      22. POJK No. 15/POJK.04/2020 concerning Planning and           35. SEOJK No. 28/SEOJK.03/2022 concerning Risk
          Organizing General Meetings of Shareholders of Public          Management Certification for Commercial Bank Human
          Companies;                                                     Resources;
      23. POJK No. 16/POJK.04/2020 concerning Implementation         36. Minister of State-Owned Enterprises Regulation No.
          of Electronic General Meetings of Shareholders of Public       PER-1/MBU/03/2023 concerning Special Assignments
          Companies;                                                     and Social and Environmental Responsibility Programs
      24. POJK No. 45/POJK.03/2020 concerning Financial                  for State-Owned Enterprises;
          Conglomerates;                                             37. Minister of State-Owned Enterprises Regulation
      25. POJK No. 12/POJK.03/2021 concerning Commercial                 No. PER-2/MBU/03/2023 concerning Guidelines for
          Banks;                                                         Governance and Significant Corporate Activities of
      26. POJK No. 11/POJK.03/2022 concerning the                        State-Owned Enterprises;
          Implementation of Information Technology by                38. Minister of State-Owned Enterprises Regulation No.
          Commercial Banks;                                              PER-3/MBU/03/2023 concerning Organs and Human
      27. POJK No. 24 of 2022 concerning Development of the              Resources of State-Owned Enterprises;
          Quality of Human Resources for Commercial Banks;           39. Circular Letter of the Minister of State-Owned Enterprises
      28. POJK No. 8 of 2023 concerning Implementation of                (BUMN) No. 2/MBU/07/2019 concerning Clean
          Anti-Money Laundering Programs, Prevention of                  Management of BUMN Through the Implementation
          Terrorism Financing and Prevention of Funding for              of Prevention of Corruption, Collusion and Nepotism,
          the Proliferation of Weapons of Mass Destruction in            and Handling of Conflicts of Interest and Strengthening
          the Financial Services Sector;                                 Internal Supervision;
      29. POJK No. 17 of 2023 concerning Implementation of           40. Letter of the Minister of State-Owned Enterprises
          Governance for Commercial Banks;                               (BUMN) No. S-289/MBU/04/2020 dated 28 April 2020
      30. Financial Services Authority Circular (SEOJK) No. 14/          concerning the Arrangement of the Board of Directors
          SEOJK.03/2015 concerning Implementation of Integrated          and Board of Commissioners in SOE consolidated
          Risk Management for Financial Conglomerates;                   Subsidiaries and Affiliates;
      31. SEOJK No. 15/SEOJK.03/2015 concerning                      41. Memorandum of Understanding (Memorandum of
          Implementation of Integrated Governance for Financial          Understanding) of the Integrated Audit Work Unit
          Conglomerates;                                                 regarding Development of Audit Quality for the BNI
      32. SEOJK No. 32/SEOJK.04/2015 concerning Public                   Financial Conglomerate;
          Company Governance;                                        42. BNI Financial Conglomerate Corporate Charter;
      33. SEOJK No. 39/SEOJK.03/2016 concerning Fit and              43. Various GCG implementation guidelines include
          Proper Test for Prospective Controlling Shareholders,          the Corporate Governance Principles developed
          Prospective Members of the Board of Directors, and             by the Organization for Economic Cooperation and
          Prospective Members of the Board of Commissioners              Development (OECD), the ASEAN Corporate Governance
          of Banks;                                                      Scorecard, and the Principles for Enhancing Corporate
      34. SEOJK No. 16/SEOJK.04/2021 concerning Form                     Governance published by the Basel Committee on
          and Content of Annual Reports for Issuers or Public            Banking Supervision.
          Companies;




594   From Local to Global
Page 8
Capital & Risk Management     Good Corporate          Social & Environmental                  ESG                      Financial
          Practices            Governance                 Responsibility                   Commitment                 Statements




                                                        Governance Framework


                                                      Governance Framework BNI
Principles




                                                                        GCG principles

                        Transparency           Accountability                  Responsibility             Independency                    Fairness


                                                                          Main Organs

                                                                                 GMS
Governance
 Structure




                                                                    Board of Commissioners

                                                                       Board of Directors

                                                                      Supporting Organs

                                       Board of Commissioners           Board of Directors                Enterprises Risk
Governance




                                             Committee                     Committee                       Management
 Process




                                                                               Corporate
                                            Internal Audit                                               Compliance Unit
                                                                               Secretary


                                                        Company Policies and Reporting Process Flow

                                                                      GCG Implementation
Output




                               Awareness          Internalisation         Assessment            Externalization      Monitoring/Evaluation


                                       Performance Growth and Increase in GCG Assessment Scores (CGPI, ACGS, SA)


The Governance Framework is a conceptual framework                             3. Governance Process, the effectiveness of the Good
that integrates all elements of governance starting from                          Governance principles implementation process, supported
the foundation to the final target to be achieved from                            by an adequate Corporate Governance structure and
implementing good corporate governance.The governance                             infrastructure so as to produce outcomes that meet the
framework was developed to become a solid foundation                              expectations of all stakeholders.
that underlies all Company actions so that the GCG                             4. Governance Outcome, the manifestation of consistent and
principles are implemented consistently, comprehensively                          comprehensive corporate governance implementation,
and sustainably.                                                                  which is expected to meet stakeholder expectations.

BNI's governance framework consists of 4 (four) main                           Governance Outcome reflects the Governance Process
elements needed to implement corporate governance,                             implementation and adequate support from the Governance
namely:                                                                        Structure. Problems that exist in the Governance Structure
1. Governance Principles, the principles that underlie                         can cause weaknesses in the Governance Process, and
   governance implementation at BNI, includingTransparency,                    these weaknesses in the Governance Process will have an
   Accountability, Responsibility, Independence and Fairness.                  impact on Governance Outcomes.
2. Governance Structure, the adequacy of the Governance
   Structure and Infrastructure so that the Good Governance                    BNI continues to ensure that the GCG implementation runs
   principles implementation produces outcomes that are in line                well in all business aspects, and at all levels of management
   with stakeholder expectations.The Corporate Governance                      as well as all BNI Hi-Movers and Company employees.This
   Structure includes several key components, including the                    approach of prioritizing moral principles, ethics and healthy
   Board of Commissioners, Board of Directors, Committees                      banking business practices will create a better future in the
   and Company Work Units. The governance infrastructure                       banking industry.
   includes policies and procedures, management information
   systems and the key duties and functions of each part of the
   organizational structure.



                                                                                              Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   595
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          2023               Management               Company               Management Discussion and          Business Support
      Performance              Report                  Profile            Analysis on Company Performance         Functions




      Improving The Quality
      of GCG Implementation Sustainably
      Efforts to improve the quality of GCG carried out by the Company are reflected in the chart below.

                               BNI GCG Implementation Sustainability Quality Improvement Cycle




                                       GCG
                                  Implementation
                                       and
                                   Benchmarking
                                                   GCG
                                                   Implementation
                                                   Standards
                                                                    1             GCG




                                                                                       2
                                      Quality                                     Implementation




                               5
                                   Improvement




                                     GCG
                                     Measurement/
                                     Assessment



                                                   4                GCG
                                                                    Implementation
                                                                    Monitoring
                                                                                      3
      1. GCG IMPLEMENTATION STANDARDS AT BNI

      To improve the quality of GCG implementation, BNI            To encourage improvements in its GCG implementation,
      continues to adopt a corporate governance system that        BNI conducted a review of best practices that apply globally,
      follows best practices in sustainable management. Up the     including:
      end of 2023, BNI’s GCG implementation standards referred     a. General Guidelines for Indonesian Corporate
      to Minister of State-Owned Enterprises Regulation No.            Governance (PUGKI) developed by the National
      PER-2/MBU/03/2023 of 2023 concerning Guidelines for              Committee for Governance Policy (KNKG) in 2021
      Governance and Significant Corporate Activities of State-    b. The principles of Corporate Governance for State Owned
      Owned Enterprises.                                               Companies developed by the Organization for Economic
                                                                       Cooperation and Development (OECD), namely the
      In addition, as a business entity whose shares are listed        ASEAN Corporate Governance Scorecard(ACGS);
      on the Indonesian Stock Exchange, and supervised by the      c. Corporate Governance Perception Index (CGPI)
      Indonesian Financial Services Authority (OJK), BNI's GCG         organized by The Indonesian Institute for Corporate
      implementation standards also refers to OJK Regulation           Governance (IICG). CGPI is a research and rating
      No. 21/POJK.04/2015 concerning Implementation of                 program for the GCG implementation of companies
      Public Company Governance Guidelines and Financial               in Indonesia;
      Services Authority Regulation No. 17 of 2023 concerning      d. Principles for Enhancing Corporate Governance issued
      Implementation of Governance for Commercial Banks;               by Basel Committee on Banking Supervision;
      as amended by a copy of the Republic of Indonesia OJK
      Regulation No. 17 of 2023 concerning Implementation of
      Governance for Commercial Banks;


596   From Local to Global
Page 10
Capital & Risk Management       Good Corporate         Social & Environmental              ESG                       Financial
          Practices              Governance                Responsibility               Commitment                  Statements




5. ESG or Environment, Social, and Governance; and                              In accordance with applicable laws and regulations, the
6. Internalization of various laws and regulations and                          Bank’s GCG implementation is based on the principles of
   guidelines with national and international standards into                    transparency, accountability, liability, independence and
   BNI's internal policies is a commitment of the Board of                      fairness or transparency, accountability, responsibility,
   Commissioners and Directors and all employees. This                          independence and fairness (TARIF).
   commitment is realized into the Company's vision,
   mission and values and expected to be integrated into                        BNI’s GCG implementation principles have been agreed
   the daily behavior of all employees.                                         upon by the Board of Commissioners, Board of Directors,
                                                                                management and all BNI employees to build a strong
2. GCG PRINCIPLES IMPLEMENTATION                                                company structure and increase competitiveness through
It is believed that the consistent and comprehensive                            innovation in running its business.
implementation of GCG by the Bank at all levels of
operations will provide both short and long term benefits,
especially in maintaining the continuity of the Company's
business and fulfilling the expectations of shareholders
and other stakeholders.



The governance implementation principles at BNI can be seen in the following table:

 GCG Principle                                                              Implementation at BNI
                            •     The Bank discloses information in a timely, adequate, clear, accurate and comparable manner and can be
                                  accessed by stakeholders according to their rights.
                            •     The Bank discloses information which includes but is not limited to the vision, mission, business objectives,
                                  Bank strategy, financial condition, composition and compensation for the management, Controlling
                                  Shareholders, executive officers, risk management, internal supervision and control systems, compliance
 Transparency                     status, systems and implementation of good corporate governance as well as material information and
                                  facts that can influence investors’ decisions.
                            •     The principle of openness shall observe provisions on bank secrecy, position secrets and personal rights in
                                  accordance with applicable regulations.
                            •     Bank policies must be written and communicated to stakeholders and those entitled to obtain information
                                  about the policy.
                            •     The Bank sets business goals and strategies accountable to stakeholders.
                            •     The Bank establishes a check and balance system in the management of the Bank.
                            •     The Bank has performance measures for all organizational organs based on agreed measurements and in
 Accountability                   line with the Company’s values (Corporate Culture Values), the Bank’s business goals and strategies and has
                                  a rewards and punishment system.
                            •     The Bank must ensure that all of the Bank’s organizational organs are competent in accordance with their
                                  responsibilities and understand their role in implementing Good Corporate Governance.
                            •     The Bank upholding to the principle of prudence (prudential bank practices) and ensure compliance with
 Responsibility                   applicable regulations.
                            •     The Bank as a good corporate citizen cares about the environment and carries out social responsibility fairly.
                            •     The Bank avoids unfair domination by any stakeholder and is not affected by unilateral interests and is free
 Independence                     from conflicts of interest.
                            •     The Bank makes decisions objectively and shall be free from any pressure from any party.
                            •     The Bank takes into account the interests of all stakeholders by following the principle of equality and
                                  fairness (equal treatment).
 Fairness
                            •     The Bank provides opportunities for all stakeholders to provide input and convey opinions for the Bank’s
                                  interest as well as open access to information in accordance with the principle of transparency.


ALIGNMENT OF PUGKI GOVERNANCE PILLARS
BNI welcomed the development of the Indonesian Corporate Governance Guidelines (PUGKI) by the National Committee
for Governance Policy (KNKG) released in 2021 to become the standard for implementing corporate GCG. BNI is seeking
to implement it within BNI as it continues to adapt itself to the latest developments in corporate governance, including
social and environmental responsibility based on the principles of sustainable development, board diversity, digitalization
and investor stewardship/engagement, as well as continuing to strengthen its foundation for handling conflicts of interest
for key governance issues. corporate affairs in Indonesia, such as handling conflicts of interest, anti-corruption policies,
and Business Ethics Code Guidelines, performance evaluation, independence and remuneration of the Directors and
Commissioners.




                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   597
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          2023                 Management                       Company                  Management Discussion and                 Business Support
      Performance                Report                          Profile               Analysis on Company Performance                Functions




      In general, PUGKI 2021 consists of 8 (eight) principles divided into three principle groups, namely:
      1. The first principle group regulates corporate management and supervision functions, namely the Board of Directors
          and the Board of Commissioners;
      2. The second principle group regulates the processes and outputs produced by the Board of Directors and Board of
          Commissioners;

      3. The third principle group regulates resource owners, who will primarily benefit from the implementation of corporate
         governance.

      PUGKI consists of principles, recommendations and guidelines to encourage good corporate governance practices with
      all corporations applying PUGKI by implementing the principles, recommendations and guidelines and disclosing them.
      BNI has conducted mapping on the implementation of the principles, recommendations and guidelines as outlined in
      the PUGKI index, which can be found in an attachment to the Corporate Governance Chapter of this Annual Report.

      The PUGKI principles together with the recommendations and guidelines contained therein are inspired by the four
      corporate governance pillars, namely ethical behavior, accountability, transparency and sustainability.The four corporate
      governance pillars were first introduced in PUGKI 2021 as developments in line with the latest developments in the
      basic values of TARIF (Transparency, Accountability, Responsibility, Independence and Fairness) which were last used
      in PUGKI 2019.

      The reflection of the four pillars in Indonesia's corporate governance principles will encourage the creation of corporate
      value in the long term.
                                           4 (Four) Pillars of Indonesian Corporate Governance



                              Ethical
                                                       Accountability              Transparency                 Sustainability
                             Behavior




        Pilar                             Explanation                                              Implementation at BNI
                                                                            As a pioneer bank, BNI is committed to internalizing Indonesian
                                                                            corporate governance principles in values, work culture, strategy,
                                                                            operational policies, and operational systems and procedures. This
                                                                            commitment is reflected in the signing of the Integrity Pact as well
                                                                            as the Gratification and Anti-Bribery Declaration by the Board of
                                                                            Commissioners, Board of Directors and all BNI employees carried
                                                                            out periodically every year through the DigiHC application, which is a
                                                                            human capital communication and information platform accessed via
                                                                            mobile phones, tablets, and other similar gadgets.
                         When carrying out their activities,
                                                                            In addition, all BNI Shareholders including Minority Shareholders and
                         corporations should always prioritize
                                                                            Foreign Shareholders are treated equally.
                         honesty, treat all parties with respect, fulfill
                                                                            All Shareholders are given the same opportunity to obtain
                         commitments, build and maintain moral
                                                                            information. This treatment is applied at BNI in the context of
                         values and trust consistently. Corporations
        Ethical                                                             providing information both in the context of Corporate Action and
                         should pay attention to the interests of
        Behavior                                                            information disclosure as regulated in capital market regulations.
                         shareholders and other stakeholders based
                         on the principles of fairness and equality and
                                                                            The entire community is given the same opportunity to obtain
                         should be managed independently so that
                                                                            information and submit criticism/suggestions to the Bank. Information,
                         one corporate organ does not dominate the
                                                                            criticism and/or suggestions can be accessed via BNI website and BNI
                         other without intervention by other parties.
                                                                            Call 1500046 service.

                                                                            The consistent and sustainable implementation and enforcement of
                                                                            Indonesian corporate governance principles has a positive impact on
                                                                            value creation and business sustainability of BNI. This is reflected in
                                                                            BNI's best achievements in various aspects, including receiving the
                                                                            Corporate Governance Perception Index (CGPI) award with the title of
                                                                            The Most Trusted Company, and the ASEAN Corporate Governance
                                                                            Scorecard (ACGS) award with the title of Leadership in Corporate
                                                                            Governance.




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Capital & Risk Management        Good Corporate           Social & Environmental             ESG                       Financial
          Practices               Governance                  Responsibility              Commitment                  Statements




 Pilar                                   Explanation                                              Implementation at BNI
                                                                            BNI has performance measures for all organizational organs based on
                                                                            agreed measures and in line with the Company's values (Corporate
                                                                            Culture Values), business targets and Bank strategies and has a
                                                                            rewards and punishment system. BNI believes that the organization
                                                                            prepared has competence in accordance with its responsibilities and
                                                                            understands its role in implementing the principles of Indonesian
                        Corporations should be accountable for              corporate governance. Therefore, in carrying out Company
                        their performance transparently and fairly.         management, BNI has prepared a strategic planning document which
                        Therefore, corporations should be managed           includes:
                        correctly, measurably and in accordance             • Corporate Plan, prepared every 5 (five) years;
 Accountability         with corporate interests while still taking into
                                                                            • Bank Business Plan (RBB), compiled 1 (once) a year;
                        account the interests of shareholders and
                        stakeholders. Accountability is a necessary         • Business Plan, prepared once a year.
                        prerequisite for achieving sustainable
                        performance.                                        Regarding these matters, BNI periodically prepares an annual report
                                                                            which is the responsibility of the Board of Directors and Board of
                                                                            Commissioners in carrying out management and supervision of
                                                                            issuers or public companies within a period of 1 (one) financial year to
                                                                            the general meeting of shareholders which is prepared based on the
                                                                            provisions in the Financial Services Authority Regulations regarding
                                                                            Annual Reports of issuers or public companies
                                                                            BNI discloses information in a timely, adequate, clear and accurate,
                                                                            including through the Company's website www.bni.co.id which can be
                                                                            accessed by stakeholders in accordance with their rights, disclosing
                                                                            information that includes but is not limited to vision, mission,
                        To maintain objectivity in running their
                                                                            targets business, Bank strategy, financial condition, composition and
                        business, corporations must provide
                                                                            compensation of management, controlling shareholders, executive
                        material and relevant information in a way
                                                                            officers, risk management, internal supervision and control system,
                        that is easily accessible and understood by
                                                                            compliance status, system and implementation of Indonesian
 Transparency           stakeholders. Corporations should take the
                                                                            corporate governance principles, as well as information and material
                        initiative to disclose not only issues required
                                                                            facts that may influence investor decisions. This principle also
                        by statutory regulations, but also matters
                                                                            continues to pay attention to the provisions of Bank secrecy, position
                        that are important for decision making by
                                                                            secrecy and personal rights in accordance with applicable regulations.
                        shareholders, creditors and stakeholders.
                                                                            One of the manifestations of the principle of transparency is the
                                                                            annual report prepared every year, which is also an accountability
                                                                            report to BNI shareholders.
                                                                            In every business activity, BNI always strives to contribute in
                                                                            sustainable development, by providing economic, social and
                                                                            environmental benefits with principles that are more integrated,
                                                                            targeted and measurable in impact and can be accounted for and are
                                                                            part of the Company's business approach to achieving sustainability
                                                                            and business continuity.

                                                                            For BNI, developing business activities and advancing a sustainable
                                                                            economy is always carried out with integrity, in line with applicable
                                                                            laws and regulations, and upholding business ethics. Thus, BNI carries
                                                                            out social and environmental responsibility (TJSL) programs and
                                                                            activities which are not just about fulfilling regulations, more than
                        Corporations must complies with laws and            that, TJSL has become BNI's responsibility to stakeholders.
                        regulations and be committed to carrying
                        out their responsibilities towards society          The BNI TJSL implementation activity program is as follows:
                        and the environment in order to contribute          1. Micro and Small Business Funding Program (PUMK)
 Sustainability         to sustainable development through
                                                                               a. Focus on distributing in a clustered manner by establishing
                        collaboration with all relevant stakeholders to
                        improve their lives in a way that is consistent           synergistic cooperation with BUMN/BUMD/Regional
                        with business interests and the sustainable               Government that manages fostered partners or MSME actors;
                        development agenda.                                    b. Collaborating with Community Empowerment Institutions
                                                                                  (LPM) which develop MSMEs.
                                                                            2. Social and Environmental Responsibility Program (Non PUMK)
                                                                               a. Distribute TJSL funds in accordance with provisions;
                                                                               b. Collaborate with professional and competent partners to
                                                                                  organize community empowerment programs;
                                                                               c. Collaborating with community communities (community
                                                                                  development) to improve program quality;
                                                                               d. Increasing the capacity and capability of TJSL through
                                                                                  providing education, training, apprenticeships, marketing and
                                                                                  other forms of assistance.




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          2023                 Management                     Company                  Management Discussion and                Business Support
      Performance                Report                        Profile               Analysis on Company Performance               Functions




      TRACK RECORD OF BNI GCG IMPLEMENTATION
        Year                                                             Activities and Events
                      BNI is committed to implementing good corporate governance. This commitment was initiated by BNI’s Board of
                      Commissioners and Board of Directors with the signing of the Board of Commissioners’ and Board of Directors’ Collective
        2001          Decree No. KEP/001/DK and KP/001/DIR dated January 3, 2001 concerning Good Corporate Governance Principles
                      Implementation included in the PT Bank Negara Indonesia (Persero) Tbk Corporate Governance Handbook, as the
                      guidelines for the Board of Commissioners and Board of Directors in governing BNI.
                      As a part of the commitment to continuously improve the Good Corporate Governance Implementation, BNI carried out
                      the following activities:
                      • Established a Compliance Unit and Anti Money Laundering Unit under the Legal and Compliance Division’s
                         responsibility.
                      • Established a Remuneration and nomination Committee, with the role and responsibility in preparing work
                         assessment criteria for each member of the Board of Commissioners and Board of Directors and also in assessing the
        2002             structure, system, and compensation for the Board of Directors and provide recommendations for amendment to the
                         Board of Commissioners if requested.
                      • Established an assessment center to improve the process/system for executive officers selection
                      • Improved the banking information system.
                      • The Board of Commissioner established an Audit Committee Charter as a guideline for Audit Committee members in
                         performing their duties.
                      BNI continued to improve its Corporate Governance, in terms of commitment or compliance. All employees are obliged to
                      sign a statement of compliance to the Code of Conduct.

                      One such governance improvement in 2003 involved BNI establishing an executive committee tasked to assist the Board
                      of Director in specific areas, including:
        2003          • Asset and Liability Committee (ALCO).
                      • Risk Management Committee.
                      • Credit Policy Committee.
                      • Human Resource Committee.
                      • Technology Management Committee.
                      The following were important achievements in the Corporate Governance implementation in 2004:
                      • BNI management approved the establishment of a Good Corporate Governance Committee tasked with assisting the
                         Board of Directors in evaluating and optimizing corporate governance implementation policy effectiveness in BNI.
                      • BNI was recognized as one of the top five public companies with good Corporate Governance practices in a survey
                         conducted by Standard and Poor’s Governance Services and Corporate Governance and Financial Reporting Center
                         (CGFRC), headquartered in Singapore.
                      • Management implemented a Zero Fraud program to foster healthy and responsible banking practices, risk awareness,
                         and supervision of deviating behavior. Through this program, BNI rewards working units that successfully reached zero
        2004             fraud in their operations, and vice versa, sanctions workings units that fail to prevent fraud.
                      • BNI established a Work ethics Team under the Human Capital Committee. This team periodically evaluates the working
                         ethics in BNI.

                      BNI increased stakeholder access to all information that has a material impact to BNI, including quarterly financial
                      reports, annual report information on the use of funds from corporate actions, information that could influence investors’
                      investment decisions, General Meeting of Shareholders’ resolutions, and other material events relating to BNI, either
                      through BNI website, reports to OJK, stock exchange, mass media, public exposes, or analyst meetings
                      BNI’s commitment to Corporate Governance improvement was realized by the establishment of a GCG Monitoring
        2005          implementation unit, based on Board of Director Decree No. KP/174/DIR/R dated April 26, 2005.
                      Signing of the “Commitment Statement to Implement Good Corporate Governance” by all members of the Board of
        2006          Director, Board of Commissioners, and Division Heads in the Company Working Meeting, to be followed by all BNI
                      officials at all organization levels and renewed annually.
                      As follow-up the previous year’s “Commitment Statement to Implement Good Corporate Governance”, BNI prepared the
                      following GCG programs:
                      • GCG e-learning
                      • Board of Commissioners and Board of Directors Guidelines and Work Procedures
        2007          • Behavioral Guidelines Book for BNI officials consisting of Working Culture Values and Main Behaviors for BNI officials,
                          known as PRINSIP 46.
                      • BNI achieved the title of Trusted Company in the Corporate Governance Perception Index ranking organized by The
                          Indonesian Institute for Corporate Governance (IICG) and SWA magazine.
                      Concerning the implementation of the know Your Customer Principle and the Money Laundering Crime Law (UU TPPU),
        2008          the Compliance Division, with the Information Technology Division, developed and continued to improve the integrated
                      system with the iCONS system to identify suspicious financial transactions.
                      BNI successfully improved its performance leading to an increase in profits of 103% compared to the previous year. This
        2009          was mainly due to the consistent implementation of GCG by all BNI people.
                      Launch of an integrated Whistleblowing System (WBS), to increase transparency and ensure all BNI employees
                      understand its implementation. Improvement of the BNI employees’ code of conduct, to improve BNI employee quality.
        2010          BNI participated in the GCG implementation ranking conducted by independent ranking institutions, the Center for Good
                      Corporate Governance of Universitas Gadjah Mada (CGCG UGM), and the Indonesian Institute for Corporate Directorship
                      (IICD).




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Capital & Risk Management       Good Corporate          Social & Environmental            ESG                       Financial
          Practices              Governance                 Responsibility             Commitment                  Statements




 Year                                                                   Activities and Events
                    BNI won a number of awards from national and international institutions. Some of the major awards were included:
                    • Best of The Best Company BUMN 2011
                    • Most Admired ASEAN Enterprise Economics Challenges Award 2011
 2011               • Most Trusted Company from The Indonesian Institute for Corporate Governance (IICG)
                    • BNI’s Corporate information technology Governance was recognized for its reliability with the IT Governance Award
                       given by the Ministry of SOEs.
                    •   Self-assessment results, in accordance with Bank Indonesia provisions, in 2011 and 2012 reflected the stable trend with
                        a composite predicate of Very Good.
                    •   Establishment of an Anti-Fraud Unit Committee by the Board of Director Decree No. KP/508/DIR/R dated November
 2012                   9, 2012 concerning the establishment of an Anti-Fraud Unit Committee (KAF). When carrying out its duties and
                        responsibilities, the KAF is assisted by the Ethics Management Unit under the Compliance Division, whose functions
                        include data and reporting liaison with other divisions/units and external parties related to the Anti-Fraud Strategy and
                        database management related to fraud in BNI.
                    BNI won the following awards:
                    • Most Trusted Company Based on Investors and Analysts’ assessment Survey at the 2013 Good Corporate Governance
                       Awards.
 2013               • Most Trusted Company Based on Corporate Governance Index (CGPI) at the 2013 Good Corporate Governance Awards.
                    • Award as The Best Bank in Indonesia for Developing Good Corporate Governance (GCG) from the Asiamoney
                       Magazine.

                    •   BNI continued to improve and update its Corporate Governance.
                    •   BNI continued to support the economic and environmental growth by organizing kampoeng BNI programs, PKBL, CSR
 2014                   activities organized by BNI Syariah, and its commitment to the one billion Indonesian Trees (OBIT) program, and has
                        planted more than 7 million trees over the last 7 years.

                    BNI won an award as:
 2015               The Best State Owned Enterprise dan Top 50 Public Listed Companies dalam acara Good Corporate Governance Award
                    yang diselenggarakan The Indonesian Institute for Corporate Directorship (IICD).
                    BNI again won awards:
                    • The Best State Owned Enterprise and Top 50 Public Listed Companies at the Good Corporate Governance Award event
 2016                  organized by The Indonesian Institute for Corporate Directorship (IICD).
                    • Most Trusted Company Based on the Corporate Governance Index (CGPI) at the Good Corporate Governance Award
                       2016.
                    BNI again achieved awards:
                    • 1st Place in the Listed SOE Financial Category at the Annual Report Award 2016 Event.
 2017               • The Best State Owned Enterprise and Top 50 Public Listed Companies at the Good Corporate Governance Award event
                       organized by The Indonesian Institute for Corporate Directorship (IICD).
                    • Most Trusted Company Based on Corporate Governance Index (CGPI) at the Good Corporate Governance Award 2017.
                    BNI again won awards:
                    • The Best State Owned Enterprise and Top 50 Public Listed Companies at the Good Corporate Governance Award event
 2018                  organized by the Indonesian Institute for Corporate Directorship (IICD).
                    • Most Trusted Based on Corporate Governance Index (CGPI) on Good Corporate Governance.
                    For BNI’s hard efforts to maintain its GCG implementation in accordance with best practices, provisions and standards BNI
                    won:
                    • The Best State Owned Enterprise and Top 50 Public Listed Companies at the Good Corporate Governance Award event
                       organized by the Indonesian Institute for Corporate Directorship (IICD).
 2019               • Most Trusted Based on Corporate Governance Index (CGPI) on Good Corporate Governance.
                    • The Best Good Corporate Governance Issuer from the IDX Channel.
                    • In addition, BNI also digitized the Board of Directors Meetings and the GCG commitments for all BNI Hi- Movers. In an
                       effort to improve the GCG implementation, the company is also actively cooperating with external institutions IICD to
                       improve the implementation of GCG at BNI.
                    BNI continued to make improvements and innovations to realize one of BNI’s missions “To become a reference for the
                    implementation of compliance and good Corporate Governance for the industry”.These efforts received recognition and
                    awards from external and independent parties in the form of:
                    • Award as “Most Trusted Company” from The Indonesia Institute for Corporate Governance (IICG).
                    • Predicate as a “Very Good” company in GCG implementation based on the ASEAN Corporate Governance Scorecard
 2020                  (ACGS) standard from the Indonesia Institute for Corporate Directorship (IICD).
                    • The Best GRC Overall for Corporate Governance & Performance 2020 (International Trade & Corporate Banking) at
                       the GRC (Governance, Risk & Compliance) and the 2020 Performance Excellence Award event held by Businessweek
                       Indonesia and the CEO Forum.
                    • Rank I Award for the Gratification Control Unit (UPG) in the State-Owned Enterprises (BUMN)/Regional Owned
                       Enterprises (BUMD) Category from the Corruption Eradication Commission (KPK).




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          2023                   Management                      Company                   Management Discussion and                 Business Support
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        Year                                                                Activities and Events
                        BNI continued to improve its performance with maintain the GCG implementation and again won awards, as follows:
                        • Award as “Most Trusted Company” from The Indonesia Institute for Corporate Governance (IICG).
                        • Predicate as a “Very Good” company in GCG implementation based on the ASEAN Corporate Governance Scorecard
                           (ACGS) standard from the Indonesia Institute for Corporate Directorship (IICD).
                        • Won 2nd place in The Best Indonesia GCG Award VI-2021 in the category of Public Company - Bank Buku IV organized
                           by Economic Review.
                        • Achieved 100 points for the implementation of the 2021 Gratification Control Program from KPK.
                        • In addition, to strengthen GCG management, BNI changed its GCG management to be under the coordination of two
                           divisions or work units: the Compliance Division and Corporate Secretary. This is instigated so that the individual and
        2021               integrated GCG management could be more effective.
                        • The Cooperation Agreement (PKS) signing between BNI and the Corruption Eradication Commission concerning the
                           Handling of Complaints in Efforts to Eradicating Corruption Crimes based on PKS No. 67 of 2021, and No. DIR/153
                           dated March 2, 2021 with the aim of building and improving the integrated complaint handling effectiveness and
                           efficiency both internally and externally by prioritizing confidentiality to optimize the eradication of corruption in the
                           work environment; and
                        • As a form of GCG implementation, management approved the establishment of an Anti-Fraud Unit based on the
                           Board of Directors’ Decree No. KP/291/DIR/R dated June 28, 2021 concerning the establishment of an Anti Fraud
                           Unit Organization (SAF) with the aim of improving the implementation of the Anti Fraud Strategy at BNI through
                           prevention, detection, investigation, reporting and sanctions, monitoring and evaluation activities.
                        Corporate Governance implementation awards for 2022 included:
                        • Award as “The Most Trusted Companies” from The Indonesia Institute for Corporate Governance (IICG).
                        • Award as “Leadership in Corporate Governance” from the Indonesian Institute for Corporate Directorship (IICD).
                        • Achieved 100 points for the implementation of the 2021 Gratification Control Program from KPK.
        2022            • Signing of the Integrity Pact by all BNI Hi-Movers as a manifestation of the implementation of AKHLAK, Prinsip 46 and
                           RACE.
                        • Formation of the ESG Implementation Coordinator Group at BNI based on Decree No. REN/2/173/R dated June
                           30, 2022, and Appointment of a Consultant to assist the process of preparing the ESG framework, roadmap and
                           Implementation at BNI.

                        BNI continues to improve and carry out innovations, this year it is reflected in the following things, including:
                        • Award as "The Most Trusted Company" from The Indonesia Institute for Corporate Governance (IICG).
                        • Award as "Leadership in Corporate Governance" from the Indonesian Institute for Corporate Directorship (IICD).
                        • 2022 Annual Report Award (ARA) and took second place in the SOE Finance category.
        2023            • Implementation of the New Way of Working (NWOW) initiative as a form of supporting increasingly faster business
                           development processes, as well as increasing employee productivity by changing to a more agile way of working.
                        • In order to strengthen the internal control system, BNI formed an Operational Risk Management (ORM) Division and a
                           Senior Operational Risk Executive (SORX) consisting of 4 (units) functional units, al. SORX Wholesale Banking, SORX
                           Network & Services, SORX Consumer Banking & Corporate Function and SORX Technology, Digital & Operations.




      GCG IMPLEMENTATION IN 2023
      As an effort to improve the quality of GCG implementation, BNI carried out the various programs and activities that have
      been carried out in 2023. The following programs and activities have been implemented:

       January
       •   Issuance of Compliance Reminder "CORE" with the theme "Gratification Reporting".
       •   Delivery of material on Good Corporate Governance (GCG) and Gratification Control for new employees at ODP training.
       •   Socialization of APU PPT in Regional Offices.
       •   Submission of the Good Corporate Governance Self Assessment Report (part of the Bank Health Level Assessment) as of December 31,
           2022 to the Financial Services Authority on January 31, 2023.
       February
       •   Submission of the Integrated Governance Self Assessment Report as of December 31, 2022 to the Financial Services Authority on 14,
           February 2023.
       •   Issuance of Compliance Reminder "CORE" with the theme "Refusal to Open Accounts related to Blacklist Countries"
       •   Delivery of material on Good Corporate Governance (GCG) and Gratification Control for new employees at ODP training.
       •   Delivery of APU PPT material for interns at BINA BNI training.
       •   Delivery of Compliance Culture material for MMEP and AMEP employees.
       •   BNI Corpu knowledge supplement with the Fraud Awareness Series theme: "It Will Happen to Me: Efforts to Develop Risk-Culture and
           Peer Review to Prevent Internal Fraud”.
       •   Leadership Series and Operational Risk Awareness Workshop at Regional Offices




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Capital & Risk Management      Good Corporate           Social & Environmental             ESG                       Financial
          Practices             Governance                  Responsibility              Commitment                  Statements




 March
 •   Issuance of Compliance Reminder "CORE" with the theme "Opening an Individual Savings Account Cannot Be Represented/Authorized".
 •   Socialization of the "Walk in Customer Series" via the Compliance Division's Instagram and the Employees and Leaders WhatsApp
     group.
 •   Socialization of Bank Secrets and Position Secrets in Regional Offices.
 •   Leadership Series & Operational Risk Awareness Workshop at Regional Offices.
 April
 •   Issuance of Compliance Reminder "CORE" with the theme "Request and Use of Debtor Information Through SLIK".
 •   Socialization of "Reject and Report Gratification" via the Compliance Division's Instagram and WhatsApp group for Employees and
     Leaders.
 •   Delivery of material on Good Corporate Governance (GCG) and Gratification Control for new employees at ODP training.
 •   Appeal for receiving/giving gratuities related to Eid al-Fitr 2023 to all divisions/units, regional offices and stakeholders via the BNI
     website and through Investor Daily.
 •   Leadership Series and Operational Risk Awareness Workshop at Regional Offices.
 May
 •   Issuance of Compliance Reminder "CORE" with the theme "Understand and Prevent Conflicts of Interest".
 •   Socialization of APU PPT and GCG in Regional Offices.
 •   Delivery of material on Good Corporate Governance (GCG) and Gratification Control for new employees at ODP training.
 •   Leadership Series and Operational Risk Awareness Workshop at Regional Offices.
 •   Socialization of the Corruption Prevention Guide (CEK) of the Corruption Eradication Commission (KPK) to all BNI subsidiary companies
     with the resource person being the Director of Anti-Corruption of Business Entities.
 June
 •   Issuance of Compliance Reminder "CORE" with the theme "Use of Screen ICONS 51072: Cashing Checks/BG".
 •   Socialization of Compliance Index (CIX) in Branch Offices.
 •   Delivery of material on Good Corporate Governance (GCG) and Gratification Control for new employees at ODP training.
 •   Delivery of Introduction to Environmental Social Governance material for new employees at ODP training.
 •   Socialization of administrative sanctions and Gratification Control at Regional Offices.
 •   Sharing Session on Gratification Control and Anti-Bribery Management Systems with PT Telekomunikasi Indonesia (Telkom Indonesia).
 •   Sharing session on Compliance Index Measurement (CIX) in the Division and Fraud Handling Index Measurement (IPF) at the
     Governance, Risk and Compliance Forum.
 July
 •   Socialization of "Requirements for Requesting and Using Debtor Information (IDEB) via SLIK" via the Compliance Division's Instagram
     and WhatsApp group for Employees and Leaders.
 •   Submission of the Good Corporate Governance Self Assessment Report (part of the Bank Health Level Assessment) as of 30 June 2023
     to the Financial Services Authority on 24 July 2023.
 •   Delivery of Gratification Control and Anti-Bribery material for interns at BINA BNI training.
 •   Socialization of APU PPT in Regional Offices.
 •   Sharing session on Implementation of Good Corporate Governance (GCG), Gratification Control and Implementation of SMAP with PT
     Pegadaian.
 •   Delivery of GCG and Gratification Control material for new employees at ODP training.
 •   Delivery of ESG material for new employees at ODP training.
 August
 •   Issuance of Compliance Reminder "CORE" with the theme "Awareness Increased Vigilance regarding Special Campaign Fund Account
     Opening Activities (RKDK)".
 •   Implementation of a Compliance Forum with the theme "Strategic Role of the Board of Directors and Board of Commissioners in
     Increasing the Effectiveness of Anti-Money Laundering Programs, Prevention of Terrorism Financing and Prevention of Funding for the
     Proliferation of Weapons of Mass Destruction (APU PPT and PPPSPM): Facing the Latest Crime Typology, Digital Transformation and
     Preparation for Elections and Pilkada 2024.
 •   Socialization of Fines related to Taxes and Money of Doubtful Authenticity/Fake Money at Regional Offices.
 •   Socialization of APU PPT in Branch Offices.
 •   Submission of the Integrated Governance Self Assessment Report for June 30 2023 to the Financial Services Authority on August 14
     2023.
 •   Delivery of GCG and Gratification Control material for new employees at ODP training.
 •   Delivery of ESG material for new employees at ODP training.
 September
 •   Issuance of Compliance Reminder "CORE" with the theme "Foreign Exchange from Exports - Natural Resources".
 •   Socialization of APU PPT in Regional Offices.
 •   Implementation of Enhancement Skills for Compliance Officers (ESCO) in 2023 for Compliance Division Employees.
 •   Delivery of GCG and Gratification Control material for new employees at ODP training.
 •   Compliance Management Sharing session at the SOE Group Legal Function Coordination Meeting.
 •   Sharing session on Implementation of Compliance Functions, APU PPT and PPPSPM with FIFGroup.
 •   Sharing session on Compliance, Legal, Strategic and Reputation Risk Management with Bank Mandiri.
 •   Delivery of ESG material for new employees at ODP training.




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          2023                   Management                    Company                  Management Discussion and               Business Support
      Performance                  Report                       Profile               Analysis on Company Performance              Functions




       October
       •   Issuance of Compliance Reminder "CORE" with the theme "Consumer Protection Principles".
       •   Delivery of material on Good Corporate Governance (GCG) and Gratification Control for new employees at ODP training.
       •   Sharing session on Implementation of APU PPT and PPPSPM with Bank Tabungan Negara (BTN).
       •   Delivery of ESG material for new employees at ODP training.
       November
       •   Delivery of material on Good Corporate Governance (GCG) and Gratification Control for new employees at ODP training.
       •   Sharing session on Implementation of APU PPT and PPPSPM with Bank Rakyat Indonesia (BRI).
       •   Socialization of Culture Transformation in Regional Offices.
       Desember
       •   Delivery of material on Good Corporate Governance (GCG) and Gratification Control for new employees at ODP training.
       •   Delivery of material on Good Corporate Governance (GCG) and Gratification Control for interns at BINA BNI training.
       •   Participated in the 2023 World Anti-Corruption Day Integrity Expo (HAKORDIA) with the theme "Synergy to Eradicate Corruption, for
           Advanced Indonesia"
       •   Socialization of Culture Transformation in Regional Offices.
       •   Appeal for Receiving/Giving Gratuities related to Christmas 2023 and New Year 2024 to all Divisions/Units, Regional Offices and
           Stakeholders via the BNI website and through Investor Daily.

      GCG IMPLEMENTATION PLAN FOR 2024                                        4. MEASUREMENT/ASSESSMENT
                                                                              OF GCG IMPLEMENTATION
      a. BNI's participation in the Corporate Governance
         Perception Index (CGPI) program ranking;                             In order to improve the quality of GCG implementation,
      b. Fulfillment of the implementation of the ASEAN                       the Company carries out regular measurements of GCG
         Corporate Governance Scorecard (ACGS);                               implementation using self-assessment methods and
      c. Implementation of Individual Governance Self                         assessments by third parties.
         Assessment and Integrated Governance Self
         Assessment (TKT); And;                                               SELF ASSESSMENT
      d. Socialization and awareness of Good Corporate                        Self-assessment measurement refer to:
         Governance (GCG), Governance, Risk and Compliance                    a. Financial Services Authority Regulation (POJK) No. 21/
         (GRC), as well as Anti-Gratification and Anti-Fraud                      POJK.04/2015 concerning Implementation of Public
         Programs.                                                                Company Governance Guidelines;
                                                                              b. POJK No. 4/POJK.03/2016 concerning Assessment of
      3. MONITORING GCG IMPLEMENTATION                                            the Soundness Level of Commercial Banks;
                                                                              c. POJK No. 17 of 2023 concerning Implementation of
      PERSON IN CHARGE OF GCG IMPLEMENTATION                                      Governance for Commercial Banks;
      The Company has a Compliance Division and a Corporate                   d. Financial Services Authority Circular No. 32/
      Secretary Division which plays a strategic role and is                      SEOJK.04/2015 concerning Public Company Governance
      responsible for GCG Implementation. As the Person in                        Guidelines;
      Charge of GCG Implementation, they are tasked with                      e. Financial Services Authority Circular No. 13/
      ensuring that the Bank operates with full responsibility for                SEOJK.03/2017 concerning Implementation of
      the implementation of GCG carried out by BNI.The person                     Governance for Commercial Banks; as well as
      responsible for GCG Implementation was appointed directly               f. One of the points for assessing the Bank's Health Level
      by the Board of Directors through the Board of Directors'                   is a self-assessment regarding the implementation of
      Decree Directors No. KP/133/DIR/R dated 7 April 2021.                       the principles of Good Corporate Governance (GCG) at
                                                                                  the Bank.The Company carried out the self-assessment
      The monitoring carried out in 2023 was as follows:                          periodically every semester, namely in June and
      1. Know Your Employee (KYE) as one of the inherent                          December of the current year.
         monitoring efforts for employees. Direct superiors are
         obliged to supervise employees under their supervision               The GCG assessment aim is to produce a Governance
         to ensure that fraud does not occur by paying attention              Rating, which is a factor for determining the Bank's Health
         to whether there are indications that need further                   Level. The assessment focuses on three aspects of the
         attention (irregularities).                                          Governance system, namely the Governance structure,
      2. Monitoring and evaluating the implementation of GCG                  process and outcome, taking into account 11 (eleven)
         and Internal Control.                                                Governance Implementation Assessment Factors.The three
      3. Encourage more consistent implementation of                          aspects are described as follows:
         Governance, Risk and Compliance (GRC) at all levels,
         both parent and Subsidiaries.




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          Practices          Governance             Responsibility                   Commitment                    Statements




•   Governance Structure                                                       b) The Corporate governance mechanism including
    The Governance structure assessment is aimed at                               the GCG implementation mechanism and process,
    assessing the adequacy of Bank’s GCG governance                               ethics enforcement, information disclosure,
    structures and infrastructures so that the                                    supervision and audit as well as compliance, HC
    implementation process produces outcomes that match                           management, operations/ production, marketing,
    the expectations of the Bank’s stakeholders. Included                         finance and accounting, risk management,
    in the Bank’s governance structure is the GMS, the                            information technology management, stakeholder
    Board of Commissioners, the Board of Directors, and                           relations etc.
    Committees and work units at the Bank. The Bank’s
    governance infrastructure, includes the organizational               •     Governance Outcome
    structure of Bank policies and procedures, management                      The Governance Outcome aspect is an assessment on
    information systems and the main duties and functions                      the results of the implementation of the Company’s
    of each organizational structure. The Governance                           systems and mechanisms in applying GCG as measured
    Structure is an assessment aspect on the fulfillment                       through the GCG Implementation Results, including
    of the corporate structure and infrastructure in applying                  outputs and results of the ethical enforcement of the
    GCG as measured through the governance structures                          GCG implementation process, information disclosures,
    which includes:                                                            supervision and audit as well as compliance, HC
    i) Composition of Shareholders and Company Organs;                         management, operations/ production, marketing,
        the structure and function of the person in charge                     finance and accounting, risk management, information
        for the GCG implementation; the structure of the                       technology governance, relations with stakeholders etc.
        person in charge of ethics enforcement; structures
        responsible for information disclosure; structures                     In 2023, a self-assessment of GCG implementation
        in charge of supervision and audit; structures in                      at BNI was carried out based on Financial Services
        charge of HC management; the structure of the                          Authority Regulation No. 17 of 2023 concerning
        person in charge of operations/production; the                         Governance Implementation in Commercial Banks,
        structure of the person in charge of marketing; the                    which measured GCG implementation for 11 (eleven)
        structure of the person in charge of finance; the                      aspects consisting of:
        risk management structure, structure in charge of                      a. Implementation of the duties and responsibilities
        information technology management; structure                               of the Board of Commissioners;
        responsible for stakeholder relations; the structure                   b. Implementation of the duties and responsibilities
        of the person in charge of the procurement of goods                        of the Board of Directors;
        and services; and the structure of the person in                       c. Completeness and implementation of the
        charge of change management;                                               Committee's duties;
    ii) Fulfillment of Company policies, especially related                    d. Handling conflicts of interest;
        to enforcing the GCG function in carrying out the                      e. Implementation of compliance functions;
        Company’s operations, includes the guidelines                          f. Implementation of the internal audit function;
        and policies related to GCG, ethics enforcement,                       g. Implementation of the external audit function;
        information disclosure, supervision and audit as                       h. Implementation of risk management including an
        well as compliance, HC management, operations/                             internal control system;
        production, marketing, finance and accounting, risk                    i. Provision of funds to related parties and provision
        management, information technology governance,                             of large funds (large exposure);
        relations with stakeholders.                                           j. Transparency of the Bank's financial and non-
                                                                                   financial conditions, reports on the implementation
•   Governance Process                                                             of Good Corporate Governance and internal
    The governance process assessment aims to assess                               reporting; And
    the effectiveness of the process of implementing GCG                       k. Bank Strategic Plan
    principles supported by the adequacy of the Bank’s
    governance structure and infrastructure so as to                     ASSESSMENT RESULT
    produce outcomes that are in line with the expectations              Self Assessment
    of the Bank’s stakeholders. The Governance Process                   The self-assessment results for the last 3 (three) years can
    is an assessment aspect on the implementation of                     be seen in the table below:
    company systems and mechanisms in applying GCG
    as measured by:                                                          Description            2023              2022               2021
    a) The process of GCG implementation, ethics                             Composite
                                                                                                             2                  2                  2
        enforcement, information disclosure, supervision                     Score
        and audit as well as compliance, HC management,
        operations/production, marketing, finance and                    In semester I 2023, BNI conducted a self-assessment and
        accounting, risk management, information                         submitted it to OJK, with the following assessment results:
        technology governance, relations with stakeholders
        etc; and
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             GCG Implementation Self Assessment Results for                ii) The decision making process for both business and
                        Semester I/June 2023
                                                                                non-business has been carried out based on the
        Rating         Rating Definition                Trend                   Governance principles so as to increase efficiency
                       Showing the Bank’s                                       and achieve the company’s targets;
                       management has implemented
                                                                           iii) The Annual GMS for Fiscal Year 2022 dated March
                       a governance that in generally
                       good as reflected in the                                 15, 2023 appointed the Public Accounting Firm of
                       adequate compliance with                                 Tanudiredja, Wibisana, Rintis & Rekan (a member
                       the Governance principles.
                                                                                firm of PwC’s global network) to audit the Company’s
        2              In the event there are           Stable
                       weaknesses in the application                            Consolidated Financial Statements, Report on
                       of the Governance principles,                            the Micro and Small Business Funding Program
                       generally these weaknesses
                                                                                (PUMK), as well as other reports for FiscalYear 2023.
                       are insignificant and can be
                       resolved by normal actions by                    c. Governance Outcome
                       the Bank’s management.                              i. BNI has fully applied the good governance principles
                                                                                when carrying out its business activities at all
      In semester II 2023, BNI conducted a self-assessment and                  organizational levels, as reflected in the BNI’s CGPI
      submitted it to OJK, with the following assessment results:               score that increased from 91,66 in 2022 to 92.26
                                                                                in 2023 with the predicate ““The Most Trusted
             GCG Implementation Self Assessment Results for                     Company”,”, as well as BNI’s ACGS score that
                      Semester II/December 2023                                 increased from 106.02 in 2022 to 108.39 in 2023 with
            Rating           Rating Definition              Trend               the predicate “Leadership in Corporate Governance”;
                       Showing the Bank’s                                  ii. The internal audit function is adequate and has
                       management has implemented                               met the stakeholders’ expectations (Board of
                       a governance that in generally                           Commissioners), and this is reflected in the
                       good as reflected in the
                       adequate compliance with                                 implementation of audit programs, active
                       the Governance principles.                               inspections, reports submitted to the Board of
        2              In the event there are           Stable                  Commissioners through the Audit Committee, and
                       weaknesses in the application
                       of the Governance principles,                            regular encouragement to complete follow-ups;
                       generally these weaknesses                          iii. Bank BNI submitted a complete Annual Report in
                       are insignificant and can be                             accordance with prevailing regulations on time
                       resolved by normal actions by
                       the Bank’s management                                    and submitted it to OJK through letter of Corporate
                                                                                Secretary Division No. CSE/7/1112 dated 21 Februari
                                                                                2023.
      These ratings are based on the following strengths and            Weaknesses in the Corporate Governance implementation
      weaknesses of BNI’s GCG implementation in 2023:                   1. Governance Structure
      Strengths of the Corporate Governance implementation                 BNI’s Governance structure and infrastructure is fully
      a. Governance Structure                                              in place in accordance with prevailing regulations,
          i) The completeness of the BNI Governance structure              however, BNI continues to improve the structure and
              having met the established requirements so as to             infrastructure by adjusting to business developments/
              support the implementation of Governance in every            conditions and prevailing regulations.
              unit in BNI;                                              2. Governance Process
         ii) The implementation of good governance at BNI is               In general, the Governance indicators are improving
              also supported by the structure of the Internal Audit        with a stable score, however, in the Internal Control
              Unit, the Enterprise Risk Management Division,               System there are still things that require improvement
              and the independent and professional Compliance              efforts, especially cases of internal fraud, external fraud,
              Division;                                                    violations, and there are still sanctions/fines from the
         iii) All BNI Personnel are committed to implementing              regulator.
              good governance in BNI, which is manifested in the        3. Governance Outcome
              establishment of BNI’s sixth mission, “to become             a. As of December 2023, there were sanctions in the
              a reference in implementing compliance and good                   form of warnings and fines by regulators, indicating
              corporate governance for the industry”.                           that there is still a need to increase awareness,
      b. Governance Process                                                     supervision and discipline in data input and report
          i) In general, the GCG implementation process has                     submission in all business and operational lines.
              been implemented well as reflected in the fulfillment
              of BNI’s obligations as a Bank and Issuer to all BNI
              stakeholders;




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    b. Based on the results of the Risk Profile position                  The CGPI assessment uses the mandatory GCG
       assessment as of December 30, 2023, Credit Risk                    implementation references and generally accepted best
       was still at rank 3 or Moderate. This shows that                   practices as well as an approach with a stakeholder
       the Bank must continue to pay attention to the                     perspective where relationships with all stakeholders
       implementation of risk management for these two                    are increasingly important in maintaining the Company’s
       risks, as they still need improving.                               business continuity over the long term.

DEVELOPMENT OF SELF-ASSESSMENT                                            The Company's CGPI assessment for the 2022 fiscal year
RESULTS OVER THE LAST 3 YEARS                                             showed the excellent achievements and received the “The
External Assessment                                                       MostTrusted Company” predicate.This was also in line with
Corporate Governance Perception Index (CGPI)                              the compliance with all CGPI requirements and assessment
To assess the impact of GCG implementation in the                         stages. The assessment results for the 2019-2023 fiscal
Company, BNI follows the Corporate Governance                             years are as follows
Perception Index (CGPI). This assessment is carried out by
The Indonesian Institute for Corporate Governance (IICG),
and will become a reference for the Company to improve
or perfect the GCG implementation at BNI.

The 2022 CGPI, conducted in 2023 covered the assessment
aspects: governance structure, governance process and
governance outcome.




                                                                 91,60                         91,66                        92,26


                                       90,74




                 89,74




                2019                   2020                       2021                         2022                        2023


                                      CGPI Assessment Results for the 2021-2023 Fiscal Year
 Indicator                                     2023                                 2022                                   2021
 Governance Structure                                        30,67                                25,69                                  32,48
 Governance Process                                          30,31                                35,00                                  33,20
 Governance Outcome                                          31,28                                30,97                                  30,97
 Skor CGPI                                                   92,26                                91,66                                  91,60


The CGPI assessment results above show that the GCG implementation in the Company is showing good results, as
reflected in the assessment that continues to increase from year to year.

The recommendations received by BNI from the CGPI assessment for fiscal year 2022 carried out in 2023 and the follow-
up were:




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                                                  CGPI Assessment Recommendations and follow-up
        No                                 Recommendation                                                           Follow-up
          1         Governance Structure Aspect
                                                                                         In order to prepare for leadership regeneration in the future,
                                                                                         internally the Company has a program that has been aligned
                                                                                         with the Regulation of the Minister of BUMN. Potential
                                                                                         employees who are included in the Talent Pool have the
                                                                                         opportunity to take part in training programs or activities
                                                                                         related to management, business strategy, strategic planning,
                    BNI needs to optimize the succession policy for members of the       risk and business potential analysis, operational and financial
                    Board of Directors and Commissioners by considering internal         performance analysis and various other similar programs.
                    company talent who are competent, competitive, adaptive and          To support this, BNI carries out a series of internal talent
                    agile in facing the dynamics of change so as to support the          selection processes by considering capacity, performance and
                    company's agility                                                    track record.

                                                                                         BNI also has a career development program with the aims
                                                                                         to encourage young talents to occupy strategic positions. For
                                                                                         employees who have excellent competence and performance,
                                                                                         BNI has prepared a development program for structured
                                                                                         capability and leadership development.
          2         Governance Process Aspect
                                                                                         To face challenging conditions and prepare for accelerated
                                                                                         increases in financial performance in the future, BNI is making
                                                                                         efforts to change and improve through initiatives carried out
                                                                                         in BNI Corporate Transformation. This transformation is BNI's
                                                                                         form for responding to the challenges faced and is an effort to
                    a. BNI needs to optimize all resources to build company agility      improve in achieving the 2021-2025 Corporate Plan.
                       through a program to strengthen company fundamentals and
                                                                                         In the context of efficiency and optimization of IT resources,
                       resilience integrated with the company group.                     BNI has carried out a synergy program with Subsidiary
                                                                                         Companies in implementing information technology
                                                                                         development by adopting IT Agile and Lean Organization,
                                                                                         thereby increasing cost effectiveness and efficiency in
                                                                                         providing added value to support service and business
                                                                                         activities.

                    b. BNI needs to update policies and guidelines for disclosure and    BNI has a company information disclosure and transparency
                                                                                         policy in accordance with applicable regulatory provisions in
                       disclosure of company information, especially regarding the
                                                                                         the form of uploads to the IDX and OJK Electronic Reporting
                       use of electronic social media, by referring to developments in   systems, the BNI website or via BNI media channels, and
                       applicable regulations and guidelines.                            always being updated.
          3         Governance Outcome Aspect

                    a. BNI needs to increase the amount of dividends proportionally      BNI consistently reviews its dividend policy so that it is in line
                                                                                         with profitability, business plans and sustainable capital and
                       and consistently for all shareholders.
                                                                                         the Company has achieved a good level of capital adequacy
                                                                                         to anticipate future economic volatility.
                                                                                         BNI has fostered a work culture through the Culture
                                                                                         Transformation process and the activation of the RACE
                                                                                         cultural program theme which focuses on Risk Culture,
                                                                                         Agility, Collaboration and Execution Oriented.
                    b. BNI needs to foster a culture of agility with the ability to      BNI Corporate Culture with an internalization program
                                                                                         based on the core values AKHLAK (Trustworthy, Competent,
                       quickly adapt and respond to changes and manage challenges
                                                                                         Harmonious, Loyal, Adaptive and Collaborative) and the
                       so that they can become opportunities to compete.                 business values RACE (Risk Culture, Agile, Collaborative
                                                                                         and Execution Oriented) which were formed to improve the
                                                                                         quality of service to customers, responding to community
                                                                                         needs, as well as strengthening BNI's vision in international
                                                                                         and digital banking.




      ASEAN Corporate Governance Scorecard (ACGS)
      The Company continues to implement good corporate governance practices based on the ASEAN Corporate Governance
      Scorecard (ACGS) criteria published by the ASEAN Capital Market Forum.This aims to improve the standards and practices
      of corporate governance of listed companies in ASEAN, improve the global viability of ASEAN listed companies with
      good corporate governance, and to demonstrate to the global community that ACGS participating companies are good
      places to invest.




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The ACGS criteria used as a basis for assessment use the corporate governance principles issued by The Organization
for Economic Cooperation and Development (OECD) as follows:
1. Shareholders Rights;
2. Equal Treatment of Shareholders;
3. The Role of Stakeholders;
4. Disclosure and Transparency; and
5. Responsibilities of the Board of Commissioners.

In 2023, the ASEAN CG Scorecard assessment results show that the Company’s overall weighted score was 108.39 points
with a predicate of Leadership in Corporate Governance” or Level 5. This shows that the practices carried out by BNI
overall have adopted international standards.

     No.                        Assessment Component                                  Fiscal Year 2023                     Fiscal Year 2022
       1        Shareholders Rights                                                                           10                                  9,05
       2        Equal Treatment of Shareholders                                                             8,67                                  9,29
       3        The Role of Stakeholders                                                                   15,00                                15,00
       4        Disclosure and Transparency                                                                24,22                                23,44
       5        Responsibilities of the Board of Commissioners                                             37,50                                36,25
       6        Bonus                                                                                         15                                    15
       7        Penalty                                                                                       (2)                                  (2)
                                                                                                        108,39                               106,03
                Total Score                                                           (Leadership in Corporate             (Leadership in Corporate
                                                                                                  Governance)                         Governance)


Based on the assessment results above, there were several recommendations that must be improved in the future,
including:

 No.                                          Recommendation                                                              Follow-up
           If there is an agenda for the election/appointment/change of composition of members
           of the Board of Commissioners at the AGMS, the company is advised to disclose the              Follow-up actions on these
           profile of the commissioner candidate in the invitation document or invitation to the          recommendations will be
           AGMS. At a minimum, the disclosure includes age, qualifications, date of joining the           communicated to the relevant regulator
 1
           company, experience and concurrent positions in other public companies. Explanations           so that the Management Candidates can
           regarding this profile can be presented explicitly in several alternative sources of           be known to the public at the time of the
           information, including documents or explanations of AGMS invitations, supporting               GMS Invitation.
           materials or attachments to AGMS, company websites, and Annual Reports.
           Identify and disclose the identity or name of the external auditor who will be appointed
                                                                                                          Follow-up on the recommendations
           to audit the current period's financial statements. For the identity or name of the external
 2                                                                                                        will be implemented at the 2023 Annual
           auditor, what is meant here is the name of a person, not the name of Public Accounting
                                                                                                          GMS which will be held in 2024.
           Firm.
           Disclose in the annual report regarding the total value of remuneration received by
           each member of the company's commissioners. The requested disclosure must include
                                                                                                          Follow-up on recommendations will be
           the name of the commissioner concerned and the amount of remuneration he or she
 3                                                                                                        further coordinated with the relevant
           receives. So it is not enough to just be identified based on the name of the position
                                                                                                          regulators.
           in the position structure of the board of commissioners or delivery the amount of
           remuneration is done in aggregate value only.
           Regarding the audit committee, it is recommended to add the role or function, namely
                                                                                                          Following up on the recommendation, it
           not only recommending the appointment of an external auditor, but also providing
 4                                                                                                        will be added to the existing provisions
           recommendations for the dismissal of the company's external auditor. This role or
                                                                                                          in the Audit Committee Charter.
           function should be outlined or clearly defined in the audit committee charter.
           It is necessary to propose to change the provisions on quorum requirements in decision-        As a follow-up to this recommendation,
           making meetings by the board of commissioners, from previously only requiring more             BNI still requires a quorum of more
 5
           than 1/2 of the members of the board of commissioners to be present at the meeting to          than 1/2 of the members of the Board of
           a minimum of 2/3.                                                                              Commissioners present at the Meeting.
           Companies are advised to establish/formulate performance measurement standards
           that align the performance-based remuneration of directors with the long-term interests
                                                                                                          Further recommendations will be
           of the company and disclose them to the public. It is hoped that this measurement
 6                                                                                                        included in the Annual Report for the
           standard can be the basis for determining the amount of long-term incentives or
                                                                                                          2023 Financial Year.
           the amount of long-term incentives that will be received by the company's Board of
           Directors.
           Companies are advised to carry out annual performance assessments of each or every
           member of the board of commissioners (not only collegial performance assessments               Further, the recommendations have
 7         of the Board of Commissioners) and disclose these practices as well as the processes           been accommodated and will be
           carried out during the performance assessment, as well as the criteria used in the             realized in 2024.
           performance assessment.

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      6. IMPROVING THE QUALITY OF
      GOVERNANCE IMPLEMENTATION

      STRATEGIC INITIATIVE TO STRENGTHEN                               Complaints or complaints received through BNI's
      GCG IMPLEMENTATION                                               WBS channel become material in the review, input and
      To improve and strengthen good governance practices,             evaluation process which helps BNI to continue to improve
      the Company has instigated several initiatives aimed at          the implementation of GCG. This effort can also help in
      creating positive changes in a healthy business climate. As      minimizing potential acts of deviation or violations of GCG
      part of this commitment, the Bank has prepared a roadmap         principles by BNI employees.
      to guide the GCG Implementation improvement efforts to
      ensure every step taken by the Bank will be in line with GCG     AWARENESS
      principles that have become an integral part of the company      GCG Socialization and Internalization
      culture. The following strategies have been implemented          In 2023, socialization regarding the implementation of GCG
      in BNI to improve GCG implementation:                            has been carried out through training for BNI employees
      1. Reviewing the Corporate Governance guidelines/                and publications as outlined in the Corporate Governance
          policies for BNI and the BNI financial conglomerate to       Chapter, this Annual Report, 666-667, 709-712, 758-759, 775-
          comply with regulatory provisions, guidelines and the        777, 792-793, 806-809, 818. Socialization activities consist
          latest best practices.                                       of presenting material including definitions, principles,
      2. Developing new Corporate Governance implementation            implementation and improvement efforts. GCG. With this
          initiatives, including updating provisions, and GCG          socialization, it is hoped that BNI Hi-Movers will have
          campaign programs, etc;                                      the determination and joint commitment to realize the
      3. Improving the quality of GCG implementation, through          implementation of GCG at BNI.
          the Compliance Index including the calculation method,
          the Gratification Control Program and the Anti-Bribery       New Employee Induction Program
          Management System (SMAP), and implementing a                 New employees are the future BNI Hi-Movers who will
          Governance, Risk and Compliance (GRC) Forum in               learn, grow and develop at BNI. As newcomers, instilling
          all Units, monitoring Key Performance Indicators             the corporate values is essential, as this program will instill
          (KPI) and Know Your Employee (KYE), and boom and             the GCG values and Code of Conduct to be followed during
          booster implementation in operational and business           the course of their career path at BNI.
          assessments;
      4. BNI’s participating in GCG assessments by independent         Internalization
          external parties, including IICG and ACGS, as a means        For BNI, Corporate Culture is a system that can play a role
          to strengthening GCG implementation at BNI; and              in developing attitudes that will shape the personality of
      5. Facilitating External Complaints regarding GCG to             each individual in the Company, with a set of attitudes
          encourage BNI Hi-Movers cultural awareness to always         forming the interactions between individuals, with integrity
          behave in accordance with GCG principles, by providing       that will bring out the character that exists in the Company.
          a Whistleblowing System (WBS) reporting facilities,          Internalization of Corporate Culture including the application
          through websites, telephone, email, letters, SMS/            of the Corporate Governance principles at BNI is carried
          Whatsapp for the general public (public) to submit           out through various tools, which facilitate the process of
          grievances and complaints on violations of Corporate         adopting values that can later be applied in carrying out
          Governance committed by BNI employees. BNI also              daily work. The tools used include:
          provides security protection for WBS reporters while         1. Reading Beliefs and the BNI Code of Conduct on every
          still paying attention to the principle of confidentiality       quality day in each unit and at the morning briefing;
          and related provisions that apply at BNI.                    2. Self-education methods through GCG e-learning and
                                                                           DEEP 46 (Daily Exercise Employee Program) through
                                                                           BNI Smarter and DigiHC that provide easy GCG learning
                                                                           for BNI Hi-Movers;
                                                                       3. Online training and webinars with speakers involving
                                                                           internal and external professionals, including:
                                                                           a) Operational Risk Training;
                                                                           b) Execution Discipline Cultural Brevet;




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4. Distribution and installation of anti-gratification and                3. Equal Treatment
   GCG enforcement posters and e-leaflets in each unit,                      All BNI Shareholders including Minority Shareholders
   BNI Forum, and through the website so that employees                      and Foreign Shareholders are treated equally. All
   are aware at all times;                                                   Shareholders are given the same opportunity to
5. Easy access to the Code of Ethics and Corporate Culture                   obtain information. This treatment is applied at BNI by
   through the BNI website, which can be accessed anytime                    providing information on Corporate Actions, and other
   and anywhere;                                                             information disclosure as stipulated in the capital market
6. Anti Gratification and Anti Fraud Commitments                             regulations. Everyone is given the same opportunity
   conveyed by the Board of Directors via video;                             to gain information and submit criticisms/suggestions
7. Learning modules in various formats such as e-books,                      to the Bank. Information, criticism and/or suggestions
   podcasts, bite size video learning, and gamification; and                 can be reported through the BNI website and BNI Call
8. BNI Learning Wallet (BLW), the freedom to determine                       1500046 service.
   learning through individual learning budgets.
                                                                          4. Building a Positive Image of the Bank
Externalization                                                              Sound GCG practices by all internal parties and
GCG externalization is closely related to the transparency                   stakeholders improves the Company’s image in the
and fairness principles, whereby the transparency principle                  wider public over the long term so that trust in the
means to always observe the Bank secrecy provisions and                      Company can be maintained. In the digital era, BNI looks
position secrets and treat stakeholders and the public in a                  to use different tools to enhance the Company’s positive
fair and equal manner. BNI delivers GCG externalization                      image through different media including print media
to stakeholders and the wider community through the                          (newspapers, tabloids, magazines), electronic media
following:                                                                   (radio and television) and cyber media (website, twitter,
1. GMS                                                                       instagram, email, etc. news portals, facebook, blogs and
    The GMS is a communication media for stakeholders                        other social media). The use of media to support GCG
    of the Company and is an embodiment of the GCG                           practices is carried out to disseminate anti-fraud, WBS,
    principles implementation, as in the GMS the Company’s                   GCG awareness, including appeals not to give gifts in
    Management explains their responsibilities in many                       any form that can be categorized as gratuities/bribes
    aspects. A more detailed explanation of the GMS can be                   but are not limited to religious holidays.
    seen in the GMS Section in the Corporate Governance
    Chapter of this Annual Report. Shareholders’ Rights and               ROAD MAP GCG BNI
    Ownership rights are always protected and facilitated,                BNI was sustainable to continuously improve the
    and in BNI Shareholders’ rights are implemented through               implementation of sustainable GCG, including the
    dividend payments, the right to ask questions at the GMS,             application of GCG principles within the Bank. This
    the right to obtain information, and the right to approve/            commitment is carried out by the Board of Commissioners,
    disapprove GMS resolutions through a sound card given                 Directors and all employees who are part of the company
    at the GMS.                                                           culture and increase the added value of the Company for
2. Disclosure and Transparency                                            stakeholders and protect the interests of shareholders.The
    As a form of the transparency pillar in the GCG principles,           commitment to implementing GCG is also formulated in
    BNI continues to provide information disclosure to                    the Bank's Vision and Mission, Code of Ethics, Integrity
    stakeholders and the wider community through various                  Pact, Work Guidelines and Rules, Implementation of Risk
    means including the Annual Report, BNI website,                       Management, Anti-Gratification, Anti-Bribery Management
    mass media, Electronic Reporting System portal for                    System and implementation of Social and Environmental
    IDX Issuers, and to regulators through hardcopy or                    Responsibility programs.
    electronic reporting facilities. Given BNI’s status as
    an issuer, this information disclosure is considered                  In addition, BNI realizes the implementation of sustainable
    very important as a medium of communication as a                      GCG through the creation of RAKB in business operations
    transparent company. Information disclosure is carried                by paying attention to sustainable financial, risk,
    out based on the prevailing capital market regulations.               environmental, social and governance aspects. The Bank
                                                                          is also committed to complying with existing regulations,
                                                                          supporting the Sustainable Finance Roadmap designed by
                                                                          the OJK, and the Sustainable Development Goals (TPB)
                                                                          in Indonesia.




                                                                                       Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   611
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         Corporate Governance
         Structure And Mechanism

         BNI GOVERNANCE ORGAN STRUCTURE
         BNI's GCG structure consists of the main organs of the Company, namely the General Meeting of Shareholders (GMS),
         Board of Commissioners, Board of Directors and supporting organs which include committees under the Board of
         Commissioners, Committees under the Board of Directors, Corporate Secretary, Internal Audit Unit, .Enterprise Risk
         Management Divisions, Compliance Division, and Policy Governance Division.

         To support effective GCG implementation, each organ in the Bank has its own role and responsibility. They must carry
         out their duties in accordance with the guidelines stated in the Bank's Articles of Association, with the aim of improving
         performance, protecting stakeholder interests, and ensuring compliance with applicable laws.

         For the Company, the GCG implementation and development within the Bank and its Subsidiaries is an important aspect
         in maintaining business continuity. By following these principles, BNI believes it can become more resilient in facing
         future competition.

                                                          BNI Governance Organizational Structure

                                                                       General Meeting of Shareholders


                                                                                      Elect & Dismisses
                                                      Board of Directors              Check & Balances           Board of Commissioners


                                                                                                                 Secretary to Board of
                                                                                                                                              Auditor Independen
                                                                                                                   Commissioners
         Credit Committee                 Credit Policy Committee
                                                                           Corporate Secretary

                                                                                                                   Nomination and
                                              Asset & Liability                                                     Remuneration
        Business Committee                                              Compliance Division
                                                Committee                                                            Committee
                                                                        Compliance
                                                                        Report
         Integrated Risk                                                                GCG Unit
                                          Human Capital Committee
      Management Committee

                                                                               Internal audit        Internal
                                                                                                                   Audit Committee
          Performance                     Technology Management                                       Audit
                                                                                                     Reports
      Management Committee                      Committee
                                                                         Enterprise Risk                           Risk Monitoring
                                                                       Management Division                            Committee
      Risk Management & Anti-                                                                                   Risk Management
                                          Subsidiaries Committee
          Fraud Committee                                                                                       Report Review
                                                                           Policy Governance
                                                                                Division                        Integrated Governance
              Risk Management Sub                                                                                     Committee
                   Committee
                                                                                                                          Integrated Compliance
                                                                                                                                 Function
             Anti-Fraud Sub Committee
                                                                                                                         Integrated Internal Audit
                                                                                                                                 Function
             Environmental, Social, &                                                                                  Integrated Risk Management
            Governance Sub Committee                                                                                             Function

              Credit Risk Portfolio Sub                                                                                 Subsidiaries Management
                     Committee                                                                                                  Function




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Capital & Risk Management   Good Corporate   Social & Environmental               ESG                       Financial
          Practices          Governance          Responsibility                Commitment                  Statements




BNI GCG SOFTSTRUCTURE                                                 10. BNI Financial Conglomeration Integrated Governance
The Company has instigated various policies/guidelines                    Policy based on Board of Commissioners Approval No.
referred to as the GCG infrastructure, to support the GCG                 DK/193 dated December 28, and Board of Directors'
implementation carried out by the Company's organs. The                   Approval No. DIR/1106 dated December 15, 2023;
BNI infrastructure includes the following:                            11. General Risk Management Policy and General Integrated
1. The Company Articles of Association No. 23 dated April                 Risk Management Policy based on approval from the
    20, 2021 as received and recorded in the Republic of                  Board of Commissioners No. DK/173 dated December
    Indonesia Ministry of Law and Human Rights Legal                      8, 2023;
    Entity Administration System through No. AHU-                     12. General Policy on Internal Control System based on
    AH.01.03-0264697 Year 2021 dated April 26, 2021. The                  approval from the Board of Commissioners No. DK/47
    Articles of Association can be accessed and downloaded                dated April 6, 2023;
    on the Company’s website: https://www.bni.co.id/id-id/            13. Internal Audit Charter through BNI Directors Decree No.
    perseroan/tata-kelola/anggaran-dasar-bni;                             KP/139/DIR/R dated April 14, 2021. The charter can be
2. BNI’s Code of Ethics as the BNI Hi-Movers Code of                      accessed and downloaded on the company website:
    Conduct. The code of conduct can be accessed and                      https://www.bni. co.id/id-id/perseroan/tata-kelola/
    downloaded on the Company’s website through; https://                 pedoman-dan- tata-tertib;
    www.bni.co.id/id-id/perseroan/tata-kelola/kode-etik;              14. Conflict of Interest Guidelines as outlined in the Online
3. Board of Commissioners updated Board Manual, as                        Company Guidelines (ePP) No. IN/13/KPN/002 dated
    validated by Board of Commissioners’ Decision Letter                  January 3, 2023;
    No. KEP/0049/ DK/2017 dated October 26, 2017. These               15. Corporate Secretary Guidelines, approved by the Board
    guidelines can be accessed and downloaded on the                      of Directors Decree No. KP/356/DIR/R dated September
    Company’s website through: https://www. bni.co.id/                    2, 2016;
    id-id/perseroan/tata-kelola/pedoman-dan- tata-tertib;             16. Company Guidelines for Prohibited and Non- Prohibited
4. Board of Directors updated Board Manual, as validated                  SecuritiesTransactions for Insiders, as outlined in in the
    by Board of Directors’ Decisions Letter No. KP/228/                   Online Company Guidelines (ePP) No. IN/500/KMP/001
    DIR/R dated June 29, 2018. These guidelines can be                    dated September 23, 2019;
    accessed and downloaded on the Company’s website                  17. Anti-Money Laundering and Combating the Financing
    through: https://www.bni.co.id/ id-id/perseroan/tata-                 ofTerrorism (APU-PPT) Company Guidelines, as outlined
    kelola/pedoman-dan-tata-tertib                                        in the Online Company Guidelines (e-PP) No. IN/12/
5. Audit Committee Charter and Audit Committee Code                       KPN/002 dated January 3, 2023;
    of Ethics, approved by the Board of Commissioners                 18. Procurement Company Guidelines, which have been
    through the Board of Commissioners Decree No.                         outlined in Online Company Guidelines (ePP) No.
    KEP/007/DK/2021 dated April 15, 2021. The charter can                 IN/822/PGV/009 dated 22 September 2023;
    be accessed and downloaded on the Company’s website               19. Corporate Compliance Guidelines, as outlined in the
    through: https://www.bni.co.id/id-id/ perseroan/tata-                 Online Company Guidelines (e-PP) No. IN/963/ KPN/002
    kelola/komite-dewan-komisaris;                                        dated December 14, 2021;
6. The Risk Monitoring Committee Charter, approved                    20. Whistleblowing System Company Guidelines , as
    by the Board of Commissioners through the Board                       outlined in the Online Company Guidelines (e-PP) No.
    of Commissioners Decree No. KEP/007/DK/2022                           IN/604/ KPN/003 dated October 16, 2020;
    dated June 2, 2022. The Charter can be accessed and               21. Anti-Fraud Strategy Company Guidelines, as outlined in
    downloaded on the Company’s website through: https://                 the Online Company Guidelines (e-PP) No. IN/0/SAF/002
    www.bni.co.id/id-id/perseroan/tata-kelola/ komite-                    dated July 18, 2023;
    dewan-komisaris;                                                  22. Anti-Bribery Management System Guidelines, as
7. The Remuneration and Nomination Committee Charter,                     outlined in the Online Company Guidelines (e-PP) No.
    approved by the Board of Commissioners Decree No.                     IN/004/CMP/004 dated November 15, 2023;
    KEP/006/DK/2022 dated June 2, 2022.The Charter can be             23. Company Guidelines for Gratification Control, as
    accessed and downloaded on the Company’s website                      outlined in the Online Company Guidelines (e-PP) No.
    through: https://www.bni.co.id/ id-id/perseroan/tata-                 IN/726/ KPN/002 dated September 24, 2021;
    kelola/komite-dewan-komisaris;                                    24. Company Guidelines for Investor Relations Activities,
8. The Integrated Governance Committee Charter,                           as outlined in the Online Company Guidelines (e-PP)
    approved by the Board of Commissioners through BNI                    No. IN/41/KMP/001 dated January 26, 2015;
    Board of Commissioners Decree No. KEP/005/ DK/2022                25. Strategic Planning Company Guidelines: Bank Business
    dated June 2, 2022. The Charter can be accessed and                   Plans, as outlined in the Online Company Guidelines
    downloaded on the Company’s website through: https://                 (e-PP) No. IN/401/REN/002 dated August 30, 2017;
    www.bni.co.id/id-id/perseroan/tata- kelola/komite-                26. Company Guidelines for Quality Management of
    dewan-komisaris;                                                      Published Financial Reports, as outlined in Online
9. Corporate Governance Handbook (Implementation                          Company Guidelines (e-PP) No. IN/749/PKU/002 dated
    of Good Corporate Governance Principles). These                       September 28, 2021;
    principles can be accessed and downloaded on the
    Company’s website through: https://www.bni.co.id/
    id-id/perseroan/tata-kelola/panduan-kebijakan;                                 Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   613
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      27. Company Guidelines for GCG Monitoring Activities and Self-Assessment Reports Guidelines contained in e-PP No.
          IN/462/KMP/001 dated October 22, 2015;
      28. Credit Committee Company Guidelines which have been outlined in Online Company Guidelines (e-PP) No. IN/682/
          PGV/002 dated August 8, 2022, IN/517/PGV/004 dated July 3, 2023, IN/002/PGV/007 dated January 5, 2024, IN/004/
          PGV/007 dated January 5, 2024;
      29. Asset & Liability Committee (ALCO) Work Guidelines which have been approved by the Board of Directors through
          Board of Directors' Decree No. KP/437/DIR/DIR/R dated September 22, 2021 concerning Arrangement of the Asset &
          Liability Committee (ALCO);
      30. Working Guidelines for the Capital Risk & Anti-Fraud Management Committee which have been approved by the Board
          of Directors through Board of Directors' Decree No. KP/745/DIR/R dated October 26, 2023 concerning Arrangement
          of the Risk Management and Anti-Fraud Committee;
      31. Performance Management Committee Guidelines which have been approved by the Board of Directors through Board
          of Directors' Decree No. KP/353/DIR/R dated June 21, 2017 concerning BNI Performance Management Committee (PMC);
      32. Integrated Risk Management Committee Guidelines approved by the Board of Directors No. KP/217/DIR/R dated
          June 17, 2022;
      33. Business Committee Guidelines (KBI) which have been approved by the Board of Directors through Board of Directors'
          Decree No. KP/439/DIR/R dated October 27, 2022 and Decree No. KP/440/DIR/R dated October 27, 2022 concerning
          Business Committee Arrangement (KBI);
      34. Technology Management Committee Guidelines which have been approved by the Board of Directors through
          Board of Directors' Decree No. KP/364/DIR/R dated August 13, 2021 concerning the Arrangement of the Technology
          Management Committee;
      35. Guidelines for the Credit Policy Management Committee which have been approved by the Board of Directors through
          Decree No. KP/440/DIR/R dated October 27, 2022 regarding the Arrangement of the Credit and Business Policy Committee;
      36. Human Capital Committee Guidelines which have been approved by the Board of Directors through Decree No.
          KP/235/DIR/R dated July 18, 2011 concerning the Arrangement of the Human Capital Committee;
      37. Subsidiary Committee Guidelines which have been approved by the Board of Directors through Decree No. KP/067/
          DIR/R dated March 7, 2022 concerning the Arrangement of Subsidiary Company Committees.

      GOOD CORPORATE GOVERNANCE MECHANISM
      The Good Corporate Governance mechanism includes the Governance principles implementation process, supported by
      the Bank’s governance structure and soft structure adequacy, to produce outcomes in line with stakeholder expectations.
      For Governance implementation, it is not enough just to rely on the governance structure pillars, but it also requires
      a clear soft structure in the mechanism process. The process of implementing corporate governance is inherent in the
      corporate governance structure as seen in the Bank’s Governance Organizational Structure.




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Capital & Risk Management   Good Corporate     Social & Environmental               ESG                       Financial
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                                                                               General Meeting
                                                                                of Shareholders

The General Meeting of Shareholders (GMS) is the highest                INFORMATION ON BNI'S MAIN SHAREHOLDERS,
organ in the Company with authorities not given to the                  CONTROLLER AND BENEFICIAL OWNER
Board of Commissioners and Directors.Through the GMS,                   BNI's Main shareholder, controller, beneficial owner is
shareholders can exercise their rights, express opinions and            the Republic of Indonesia with a portion share ownership
cast their votes in a process of making important decisions             of 60%.
on the development and future of the Company in a fair
and transparent manner. In addition, Shareholders have the
right to issue voting rights to make decisions and obtain
                                                                                                                                   40%
information related to the company from the Board of                          60%
Directors and/or Board of Commissioners at the GMS, as
long as it is related to the meeting agenda and does not
conflict with the Company interests and pays attention to
the provisions in the Company's Articles of Association
and statutory regulations.

The implementation of the BNI GMS is carried out with
reference to provisions including:
1. Law No. 19 of 2003 concerning State-owned enterprises;
2. Law No. 40 of 2007 concerning Limited Liability                                  Republic of Indonesia                 Public
    Companies as amended by Law No. 6 of 2023 concerning
    the Stipulation of Government Regulation in Lieu of Law             EQUAL TREATMENT POLICY FOR
    Number 2 of 2022 concerning Job Creation into Law;                  ALL SHAREHOLDERS
3. OJK Regulation No. 15/POJK.04/2020 concerning                        The Company always ensures that every shareholder's
    Planning and Implementing General Meeting of                        rights are protected so that it can encourage shareholder
    Shareholders in Public Companies;                                   or investor participation.
4. OJK Regulation No. 16/POJK.04/2020 concerning
    Electronic Implementation of the General Meeting of                 Shareholder rights include:
    Shareholders in Public Companies;                                   1.  Submit a request to hold a GMS.
5. PT Kustodian Sentral Efek Indonesia Board of Directors               2.  Propose the agenda for the GMS.
    Decree No. KEP-0016/DIR/KSEI/0420 of 2020 concerning                3.  Grant authority to attend and vote at the GMS.
    Implementation of the KSEI electronic General                       4.  Attend and submit votes at the GMS electronically.
    Meeting System (eASY.KSEI) Facility as an Electronic                5.  Obtain information regarding agenda items and
    Authorization Mechanism in the Process of Organizing                    proposed GMS resolutions.
    a GMS for Securities Issuers who are Public Companies               6. Have 1 (one) voting right for every 1 (one) share.
    and whose shares are kept in KSEI Collective Custody;               7. Conduct consultations on issues regarding the basic
    and                                                                     rights of shareholders, as long as it is carried out to
6. Company’s Articles of Association.                                       support the Company's sustainable growth and increase
                                                                            the value of the Company in the medium to long term,
SHAREHOLDERS                                                                especially for institutional shareholders.
                                                                        8. Obtain a share of the Company's profits.
In the Company’s Articles of Association, what is meant                 9. Receive material new information/facts, including those
by “Shareholders” are Series A Dwiwarna shareholders,                       available to financial analysts and other similar parties,
Series B shareholders and Series C shareholders, unless                     within a time period in accordance with regulatory
expressly stated otherwise.The Company shares consist of:                   provisions in the Capital Market sector.
1. Series A Dwiwarna shares that can only be owned by                   10. Obtain information regarding the special rights attached
    the Republic of Indonesia; and                                          to the Company's share series.
2. Series B and C Series shares as ordinary shares that can
    be owned by the Republic of Indonesia and the public.




                                                                                     Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   615
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      ATTACHING SPECIAL RIGHTS                                             c. In the event that there is a GMS agenda regarding
      As long as it is not stipulated otherwise, Series A Dwiwarna             changes to rights to shares in a certain series, the
      shareholders, Series B shareholders and Series C shareholders            provisions for a larger quorum of attendance and
      have the same rights. Based on the Articles of Association,              decisions must be applied and must be approved
      Series A Dwiwarna shares are shares owned specially by                   by the shareholders of the series that is negatively
      the Republic of Indonesia Which grants the holders special               affected.
      rights as holders of Series A Dwiwarna shares.                       d. Disclosure of the ultimate beneficial owner as
                                                                               disclosed in this Annual Report in the Corporate
      The special rights of Series A Dwiwarna Shareholders are:                Governance Chapter, Sub-chapter, General Meeting
      1. The right to agree at the GMS on the following matters:               of Shareholders, 615.
         a. Approval for amendments to the Articles of                     e. Disclose the provisions that each shareholder has
              Association;                                                     1 (one) voting right, as stated in the Company's
         b. Approval for changes in Capital;                                   Articles of Association which can be accessed on
         c. Approval for the appointment and dismissal of                      the Company's website.
              members of the Board of Directors and Board of            2. Ensure that related party transactions are approved
              Commissioners;                                               and implemented after managing conflicts of interest
         d. Approval for mergers, consolidations, acquisition,             and protecting the interests of the Company and
              splits and dissolutions;                                     shareholders, as disclosed in this Annual Report Chapter
         e. Approval for remuneration for members of the                   of Management Discussion and Analysis on Company
              Board of Directors and Board of Commissioners;               Performance, discussion of Information on Material
         f. Approval for the transfer of assets based on the Articles      Transactions Containing Conflicts of Interests and/or
              of Association, requiring the approval of the GMS;           Transactions with Affiliated/Related Parties, page 359
         g. Approval for participation and reduction in                 3. The Company has a policy to prevent insider trading,
              the percentage of equity participation in other              as disclosed in this Annual Report on page 984.
              companies based on the Articles of Association,
              requiring the approval of the GMS;                        SHAREHOLDER RELATIONSHIP POLICY
         h. Approval for the use of profits;                            The Company strives to implement the good governance
         i. Approval for non-operational investment and long-           principles, especially in the transparency aspect. BNI strives
              term financing based on the Articles of Association,      to ensure transparency of company financial and non-
              requiring the approval of the GMS;                        financial information, in a fair and timely manner to all
      2. The right to propose Candidates for Members of the             shareholders, including minority shareholders and foreign
         Board of Directors and Candidates for Members of the           shareholders.
         Board of Commissioners;
      3. The right to propose GMS agenda;                               In realizing these efforts, the Corporate Secretary plays
      4. The right to request and access company data and               an active role in implementing company information
         documents in which the mechanism to use such rights            disclosure activities to shareholders as stipulated in Article
         is in accordance with the provisions in the Articles of        5 of OJK Regulation No. 35/POJK.04/2014 concerning the
         Association and laws and regulations.                          Corporate Secretary of Issuers or Public Companies, where
                                                                        the Corporate Secretary serves as a liaison between the
      Except for the special rights mentioned above, Series B           Company and its shareholders, including OJK and other
      shareholders and Series C shareholders have the same              stakeholders.
      rights while still considering the provisions of Article 25 of
      the Company's Articles of Association regarding Quorum,           In order to foster intensive, systematic and planned
      Voting Rights, and Resolutions at the GMS.                        relationships with Shareholders, the Company also has
                                                                        internal company policies as regulated in the Company
      EQUAL TREATMENT OF SHAREHOLDERS                                   Guidelines No. IN/794/KMP/001 dated December 23, 2014.
      To ensure that equal treatment is applied to all shareholders,
      so the Company:                                                   SHAREHOLDERS ACCESS TO INFORMATION
      1. Ensure that all shareholders of the same series are            To maintain transparency and accountability to
          treated equally, through:                                     Shareholders, the Company provides access to Company
          a. Transparency of shareholders' rights to obtain a share     information aimed at conveying relevant information and
              of profits through disclosure of the target dividend      delivering it in a timely manner enabling Shareholders to
              payout ratio as disclosed in this Annual Report in        exercise their rights and responsibilities. Information access
              Chapter of Management Discussion and Analysis of          Shareholders provided by the Company is as follows:
              Company Performance, discussion of Dividend Policy
              and Distribution, pages 344-346.
          b. Disclosure of information about the rights attached
              to all series of shares. This is contained in the
              Company's Articles of Association which are
              published on the Company's website.
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Capital & Risk Management      Good Corporate          Social & Environmental               ESG                       Financial
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Information Access for Shareholders                                             4. The Company delivers an invitation (notice) for the
                                                                                   GMS to shareholders, namely no later than 21 (twenty
 Media                             Explanation                                     one) days before the date of the GMS excluding the
                Media for delivering reports and information to                    date of invitation and the date of GMS. The invitation
 GMS            enable shareholders to participate in decision                     contains reasons and/or explanations for each agenda
                making                                                             that requires GMS approval.
                Perseroan (www.bni.co.id)
 Website        IDX (www.idx.co.id)
                                                                                With reference to:
                KSEI (www.ksei.co.id)
                                                                                1. OJK Regulation No. 15/POJK.04/2020 concerning
                Print media through national and international
 Print
                news/newspapers, magazines, etc. to convey the                     Planning and Implementation of General Meeting of
 Media
                latest information about the Company.                              Shareholders in Public Companies;
                Electronic media through national and international             2. OJK Regulation No. 16/POJK.04/2020 concerning
 Electronic
 Media
                news TV, radio, news portals, etc. to convey the                   Implementation of Electronic General Meeting of
                latest information about the Company.
                                                                                   Shareholders in Public Companies;
                X: @bni                                                         3. Article 23 paragraph (5) letter d and Article 23 paragraph
                Facebook: BNI
 Social
                Youtube channel: BNI - Bank Negara Indonesia                       (7) letter c of the Company’s Articles of Association.
 Media
                Instagram: @bni46
                TikTok: @BNI46                                                  Announcements and invitations to shareholders are made
                                                                                at least through:
CONDITIONS FOR HOLDING A GMS AT BNI                                             1. Website of the e-GMS provider
                                                                                2. Stock Exchange website; and
DATE AND VENUE OF THE GMS                                                       3. Public Company website, in Indonesian and foreign
The Company's GMS consists of the Annual GMS and other                              languages, provided that the foreign language used
GMS. Public Companies are required to hold a GMS no                                 is at least English.
later than 6 (six) months after the fiscal year ends, or under
certain circumstances in accordance with the provisions                         GMS AGENDA MATERIALS
stipulated by OJK. The Public Company may hold other                            The company provides the opportunities to shareholders
GMS at any time as needed for the interests of the Public                       or their proxies to ask questions and/or respond. Questions
Company. In accordance with the provisions, the GMS                             and/or responses submitted are recorded in the Minutes
must be held in the territory of the Republic of Indonesia.                     of the GMS and published on the Company's website.
The venue for the GMS must be held:                                             1. GMS Agenda Material documents contain the
                                                                                    Meeting Agenda accompanied by the legal basis and
1. At the domicile of the Public Company;                                           explanations related to the GMS Agenda;
2. Where the Public Company conducts its main business                          2. The Company shall provide meeting agenda material
   activities;                                                                      that can be accessed and downloaded through the
3. In the Provincial Capital where the Public Company is                            Company’s website and/or e-RUPS.The meeting agenda
   located or where it conducts its main business activities; or                    material must be available from the date of the invitation
4. The Province where the stock exchange is located and                             to the GMS until the GMS is held;
   where the shares of the Public Company are listed.                           3. In the event of Changes to the Company’s Management,
                                                                                    curriculum vitae for candidates as members of the
PROCEDURES FOR HOLDING A GMS                                                        Board of Commissioners and Board of Directors of
By considering to regulatory provisions in the Capital                              a Public SOE as proposed to be appointed at the
Market sector, the Company carries out a GMS (annual                                GMS, will be available and announced at the time of
and extraordinary) with the following procedures:                                   the GMS, before making a decisions regarding the
1. The Company notify the meeting agenda to OJK, no later                           appointment of the candidates as a member of the
   than 5 (five) working days before the announcement                               Board of Commissioners and Board of Directors. This
   of the GMS, excluding the date of the announcement                               is as stipulated in the Minister of SOEs Regulation No.
   of the GMS;                                                                      PER02/MBU/02/2015 concerning the Requirements and
2. The Company announce the GMS to the shareholders,                                Procedures for Appointment and Dismissal of Members
   no later than 14 (fourteen) days prior to the invitation                         of the Board of Commissioners and Supervisory Board
   for the GMS, excluding the date of the announcement                              of SOEs, and the Minister of SOEs Regulation No.
   and the date of the invitation                                                   PER-11/MBU/07/2021 concerning Requirements and
3. The Company provides the opportunity for shareholders                            Procedures for Appointment and Dismissal of the Board
   to propose Meeting Agenda items in writing to                                    of Directors of SOEs; and
   the Company. The shareholder is 1 (one) or more
   shareholders representing 1/20 (one twentieth) or
   more of the total number of shares with voting rights.
   Proposed agenda items can be submitted to the
   Company no later than 7 (seven) days before the date
   of the GMS Invitation; And
                                                                                             Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   617
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      4. At the time of the GMS, Shareholders are entitled to         Public Companies are also required to provide alternatives
         receive information on meeting agenda and material           for electronically granting power of attorney for shareholders
         related to agendas as long as they do not conflict with      to attend and vote at the GMS.
         the interests of the Company.
                                                                      Shareholders’ Rights to Raise Questions and/or Provide
      The GMS held by BNI during 2023 has followed all                Responses:
      the necessary procedures, including notifications,              1. The only shareholders or their proxies who have the
      announcements and invitation to the GMS.                           right to raise questions and/or provide responses at the
                                                                         GMS are shareholders or their proxies who have been
      GMS CODE OF CONDUCT                                                registered at the GMS;
      1. The GMS Code of Conduct is carried out by referring          2. Using a questions and/or responses form submitted
         to OJK Regulation No. 15/POJK.04/2020 concerning                to shareholders or their proxies during the registration
         Planning and Implementing General Meeting of                    at the GMS
         Shareholders in Public Companies;                            3. After the GMS Chairperson, or party appointed by the
      2. The GMS Code of Conduct is distributed to the                   GMS Chairperson, submits a proposal regarding the
         shareholders/proxies at the time of registration;               matters to be decided in the GMS, the GMS Chairperson
      3. The GMS Code of Conduct regulates meeting                       will provide an opportunity for the Company’s
         participants who have the right to attend the GMS, the          shareholders or their proxies to ask questions and/or
         Meeting Chairperson, the language used in the GMS,              provide responses before a vote is held on the matter;
         the meeting quorum and decision making, mechanism               and
         for questioning and responding, mechanism for decision       4. For Shareholders or their proxies who wish to
         making, and voting procedures;                                  raise questions and/or provide responses, the GMS
      4. The GMS Code of Conduct principles are read out prior           Chairperson will invite the shareholders/their proxies to
         to the GMS starting;                                            ask questions and/or responses to the GMS Chairperson
      5. In accordance with the GMS Code of Conduct provisions           in writing by writing their names and the number
         as stipulated in the Company’s Articles of Association,         of shares owned or represented. Questions and/or
         at the opening of the GMS, the Chairperson of the GMS           responses submitted must be directly related to the
         provides an explanation to the shareholders on:                 GMS Agenda being discussed.
         a. The Company’s general condition in brief;
         b. GMS agenda;                                               The Company provides the opportunity for shareholders or
         c. Decision making mechanism related to the GMS              their proxies to ask questions and/or respond. Questions
             agenda; and                                              and/or responses submitted are recorded in the Minutes of
         d. Procedures for exercising shareholder rights to raise     the GMS and published on the Company's website
             questions and/or share opinions.
                                                                      The GMS held by BNI during 2023 has followed all
      The GMS held by BNI during 2023 has followed all                the necessary procedures, including notifications,
      the necessary procedures, including notifications,              announcements and invitation to the GMS.
      announcements and invitation to the GMS.
                                                                      COMPANY EFFORTS TO INCREASE
      SHAREHOLDERS AND OTHER PARTIES                                  SHAREHOLDER ATTENDANCE AT THE GMS
      ATTENDANCE AT THE GMS                                           The Bank strives to facilitate Shareholders in exercising
      Shareholders, either in person or represented based             their rights and authority in determining decisions at the
      on a power of attorney, are entitled to attend the GMS.         GMS, and BNI has carried out the following:
      Shareholders who are entitled to attend the GMS are             1. The Company provides an alternative electronic proxy
      shareholders whose names are registered in the list of              for shareholders to attend and vote at the GMS. The
      shareholders of the Public Company 1 (one) working day              electronic granting of power of attorney is carried
      prior to the invitation to the GMS.                                 out through the e-RUPS system provided by KSEI.
                                                                          Shareholders can input their voting preferences on each
      GRANTING POWER OF ATTORNEY,                                         agenda item in granting power of attorney electronically.
      ELECTRONIC POWER OF ATTORNEY AND                                2. Make announcements and invitations for the GMS
      PROVISION OF OPPORTUNITIES TO SUBMIT                                in a timely manner, in Indonesian and English, which
      QUESTIONS AND/ OR RESPONSES                                         are published on the e-GMS provider's website, the
      Based on OJK Regulation No. 15/POJK.04/2020 concerning              company's website, and the Indonesian Stock Exchange
      Planning and Implementing General Meeting of Shareholders           website;
      in Public Companies, Shareholders either alone or represented
      based on a power of attorney are entitled to attend the GMS.
      In voting, the votes cast by shareholders apply to all shares
      they own and shareholders are not entitled to give power
      of attorney to more than one proxy for a portion of the total
      shares they own with different votes.
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3. In the GMS Announcement and Invitation, the Company                    jointly represent more than 2/3 (two thirds) of the total
   clearly explains the authorized shareholders who could                 shares with valid voting rights present at the GMS, as well
   attend/be represented and vote in the GMS, namely                      as the GMS to approve changes to the Board of Directors
   the Company’s Shareholders whose names were                            and the Board of Commissioners composition must be
   registered in the Company’s Shareholders Register or                   approved by the Series A Dwiwarna shareholder and other
   Shareholders in the securities accounts at PT Kustodian                shareholders and/or their legal representatives who jointly
   Sentral Efek Indonesia on the day of the Invitation;                   represent more than 1/2 (one half) of the total number of
4. On the website, the Company provides contacts for                      shares with voting rights present at the GMS.
   shareholders to communicate in connection with
   holding a GMS; and                                                     With due observance of OJK Regulation no. 15/ POJK.04/2020
5. The Company provides services to shareholders                          of 2020 concerning Plans and implementation of General
   requiring information and/or who would ask questions                   Meetings of Shareholders of Public Companies and OJK
   related to the GMS plan and/or GMS agenda through                      Regulation No. 16/ POJK.04/2020 of 2020 concerning
   either direct meetings or correspondence via e-mail.                   the Implementation of Electronic General Meetings of
                                                                          Shareholders of Public Companies.

The GMS held by BNI during 2023 has followed all
the necessary procedures, including notifications,                        The GMS held by BNI during 2023 has followed all
announcements and invitation to the GMS.                                  the necessary procedures, including notifications,
                                                                          announcements and invitation to the GMS, and the GMS
GMS ATTENDANCE QUORUM AND RESOLUTIONS                                     resolutions will be announced to the public on the following
Attendance Quorum                                                         working day.
In accordance with OJK Regulations, a GMS can be held
if more than 1/2 (one half) of the total shares with voting               APPLICATION OF THE ONE SHARE
rights are present or represented, unless the Articles of                 ONE VOTE PRINCIPLE
Association of the Public Company specify a larger quorum.                At the Annual GMS for Fiscal Year 2022 held on March 15,
Based on the Company’s Articles of Association, the GMS                   2023 and the Extraordinary GMS held on September 19,
can make changes to the Board of Directors and the Board                  2023, the One Share One Vote Principle was applied for
of Commissioners, where it is regulated that the GMS                      resolution making and voting procedures.These provisions
must be attended by Series A Dwiwarna shareholders                        were contained in the Rules for the FiscalYear 2022 Annual
and other shareholders and/or their legal representatives                 GMS and the Extraordinary GMS in Fiscal Year 2023, and
who together represent at least 1/2 (one half) of the total               among other matters stipulated that each share gave the
number of shares with valid voting rights.This applies also               owner the right to cast 1 (one) vote.
to GMS for amending the Articles of Association, where it
is regulated that the GMS must be attended by the Series                  In accordance with OJK Regulation No. 15/POJK.04/2020
A Dwiwarna shareholders and other shareholders and/or                     concerning the Planning and Implementing of Public
their legal representatives who together represent at least               Company GMS, in the Fiscal Year 2022 Annual GMS,
2/3 (two thirds) of the total shares with valid voting rights.            2023 Extraordinary GMS, the GMS Rules were given to
                                                                          shareholders present, and the Principal Rules of the GMS
GMS Resolutions                                                           were read out before the GMS started.
GMS resolutions are made based on deliberation to
reach consensus. In the event that a resolution based                     PARTIES VALIDATING VOTING RESULTS
on deliberation to reach a consensus is not reached, the                  During the GMS, the Company engages Independent
resolution is decided by voting. Resolution by voting must                and professional parties to support the reasonableness
be made with due observance of the GMS attendance                         and validity of the GMS’s conduct and decisions. The
quorum and resolution quorum.                                             Independent Parties are:
                                                                          1. Notary
The quorum for GMS resolutions is regulated so that                          A Notary is a public official authorized to prepare an
resolutions must be approved by more than 1/2 (one                           authentic deed with other authorities as referred to
half) of the total number of shares present. The GMS to                      in Notorial Law, and who is registered with OJK as a
approve amendments to the articles of association must                       capital market supporting profession.The Notary’s role
be approved by the Series A Dwiwarna shareholder and                         is to examine the validity of supporting documents,
other shareholders and/ or their legal representatives who                   and the formality requirements for the GMS, to ensure
                                                                             they do not conflict with the laws and regulations and
                                                                             articles of association.




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          2023                    Management                    Company         Management Discussion and               Business Support
      Performance                   Report                       Profile      Analysis on Company Performance              Functions




      2. Share Register Bureau
         The Share Register Bureau is a party contracted with the company/issuer to record the securities ownership and
         distribution of rights related to securities. The Share Register Bureau assists the company/issuer in concerning the
         GMS, by:
         a. Preparing proxies from minority shareholders;
         b. Publishing Written Confirmation for Meetings (KTUR);
         c. Validating shareholders who are entitled to attend the GMS and registering them;
         d. Calculating shareholders presence in connection with the GMS quorum;
         e. Providing voting cards for shareholders;
         f. Helping the Notary in calculating votes using a barcode scanner.

      The GMS held by BNI during 2023 has followed all the necessary procedures, including notifications, announcements
      and invitation to the GMS.

      INFORMATION ON 2023 GMS RESOLUTIONS
      During 2023, BNI held 2 (two) GMS, the Fiscal Year 2022 Annual GMS held on March 15, 2023, and an Extraordinary GMS
      held on September 19, 2023.

      FISCAL YEAR 2022 ANNUAL GMS, MARCH 15 2023

                                       Implementation Stages for the Annual GMS for Fiscal Year 2022
        No      Description                          Implementation date                             Information
                                                                           The Company submitted Annual GMS Notification and
                Annual GMS Notification to
          1                                       January 30, 2023         Temporary Meeting Agenda to the Financial Services Authority
                Regulators
                                                                           (OJK) via letter Number CSE/7/0570 dated January 30, 2023.
                                                                           The Company submitted the BNI Annual GMS Announcement
                                                                           for the Fiscal Year 2022 to OJK via Letter Number CSE/7/0746
                                                                           dated February 6, 2023.

                                                                           Announcement of the Annual GMS was also conveyed
          2     Annual GMS Announcement           February 6, 2023
                                                                           through:
                                                                           • Indonesian Central Securities Depository ("KSEI") website
                                                                              (www.ksei.co.id)
                                                                           • Indonesian Stock Exchange website (www.idx.co.id);
                                                                           • The Company's website www.bni.co.id.
                                                                           In accordance with the provisions of Article 16 paragraph
                                                                           (2) POJK, Shareholders, either individually or collectively
                                                                           represent 1/20 (one twentieth) or more of the total number of
                                                                           shares of the Company, have the right to provide proposals
                                                                           for the Meeting Agenda, including making additions to the
                                                                           Agenda, and these must be submitted in writing to the
                Proposed Annual GMS agenda
          3                                       February 14, 2023        Company's Board of Directors as the organizer of the GMS no
                by Shareholders
                                                                           later than 7 (seven) days before the Meeting Invitation date.

                                                                           Shareholders, in this case the Ministry of BUMN, submitted
                                                                           approval for holding the BNI Annual GMS Agenda for the
                                                                           Fiscal Year 2022 via letter No. SR-89/MBU/02/2023 dated
                                                                           February 14, 2023.
                                                                           Shareholders who have the right to attend/represent and
                                                                           vote at the Meeting include the Company's Shareholders
                Recording Date for List of
                                                                           whose names are registered in the Company's Register of
          4     Shareholders entitled to attend   February 20, 2023
                                                                           Shareholders or Shareholders in their securities account at PT
                the Annual GMS
                                                                           Kustodian Sentral Efek Indonesia (KSEI) on Friday, February
                                                                           20, 2023 at 16.15 WIB.
                                                                           The Company submitted the BNI 2022 Annual GMS Invitation
                                                                           to OJK via Letter Number CSE/7/1110 dated February 21, 2023.

                Invitation and information on                              The Annual GMS invitation was also conveyed through:
          5                                       February 21, 2023
                the Annual GMS agenda                                      • Indonesian Central Securities Depository ("KSEI") website
                                                                              (www.ksei.co.id);
                                                                           • Indonesian Stock Exchange website (www.idx.co.id);
                                                                           • The Company's website www.bni.co.id.




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                                Implementation Stages for the Annual GMS for Fiscal Year 2022
 No       Description                            Implementation date                                       Information
                                                                                  Meetings were held through physical presence as well as
                                                                                  electronically based on POJK No. 16/POJK.04/2020 concerning
                                                                                  the implementation of electronic General Meetings to
                                                                                  Shareholders of Public Companies with PT Kustodian Sentral
          Implementation of the Annual                                            Efek Indonesia as the provider of e-GMS via the eASY.KSEI
   6                                         March 15, 2023
          GMS                                                                     application.

                                                                                  The physical meeting was held in the Menara BNI Ballroom,
                                                                                  6th Floor, Jalan Pejompongan Raya No. 7, Bendungan Hilir,
                                                                                  Jakarta
                                                                                  The Company submitted a Publication of the Minutes
                                                                                  Summary for the BNI 2022 Annual GMS to OJK via Letter No.
                                                                                  CSE/7/1681 dated March 16, 2023.

          Publication of Annual GMS                                               The Summary of Minutes of the Annual GMS was also
   7                                         March 16, 2023
          Minutes Summary                                                         conveyed through:
                                                                                  • Indonesian Central Securities Depository ("KSEI") website
                                                                                     (www.ksei.co.id);
                                                                                  • Indonesian Stock Exchange website (www.idx.co.id);
                                                                                  • The Company's website www.bni.co.id.
                                                                                  The Company submitted a Publication of the Minutes
                                                                                  Summary for the BNI 2022 Annual GMS to OJK via Letter No.
                                                                                  CSE/7/1681 dated March 16, 2023.

          Berita Acara Risalah RUPS                                               The Summary of Minutes of the Annual GMS was also
   8                                         March 16, 2023
          Tahunan                                                                 conveyed through:
                                                                                  • Indonesian Central Securities Depository ("KSEI") website
                                                                                     (www.ksei.co.id);
                                                                                  • Indonesian Stock Exchange website (www.idx.co.id);
                                                                                  • The Company's website www.bni.co.id.
          Pelaporan Berita Acara RUPS                                             The Company submitted this report to OJK via Letter No.
   9                                         April 13, 2023
          Tahunan kepada Regulator                                                CSE/7/2244 dated April 13, 2023.


Report on the Implementation of the Annual GMS for Fiscal Year 2022

 Day/Date/Time                                                  Wednesday, March 15 2023, 14.31 WIB-16.42 WIB
                                BNI Menara Ballroom, 6th Floor
 Location                       Jalan Pejompongan Raya No. 7,
                                Bendungan Hilir, Jakarta
                                Shareholders and/or shareholders' proxies who were present both in the Meeting room and electronically
                                owned a total of 15,897,631,377 shares including series A Dwiwarna shares, representing 85.2481326% of
                                the total 18,648,656,458 shares with valid voting rights that had been issued by the Company until with the
                                day of the Meeting, and consisted of:

                                •     1 (one) Dwiwarna A series share; and
                                •     18,648,656,457 series B and series C shares;
 Quorum
                                In line with the Company's Shareholder List as of February 20, 2023 at 16.15 WIB, the quorum required
                                in Article 41 paragraph (1) letter a and Article 42 letter a of OJK Regulation Number 15/POJK.04/2020
                                concerning Planning and Holding an AGM Meeting of Public Company Shareholders ("POJK 15") in
                                conjunction with Article 25 paragraph (1) letter a, paragraph (4) letter a and paragraph (5) letter a of the
                                Company's Articles of Association was fulfilled and the Meeting was declared valid with the right to make
                                legal and binding resolutions on matters discussed in accordance with the Meeting agenda.
                                The meeting was chaired by the Company's President/Independent Commissioner, Agus Dermawan
 Chairman of the Annual
                                Wintarto Martowardojo in accordance with the Board of Commissioners' letter number DK/29 dated
 GMS
                                February 27, 2023
                                All members of the Board of Commissioners were present at the 2022 Annual GMS, with attendance details
                                as follows.

                                President/Independent Commissioner                     : Agus Dermawan Wintarto Martowardojo
                                Vice President /Independent Commissioner               : Pradjoto
                                Independent Commissioner                               : Sigit Widyawan
 Attendance by the Board of     Commissioner                                           : Askolani
 Commissioners                  Independent Commissioner                               : Asmawi Syam
                                Commissioner                                           : Susyanto
                                Independent Commissioner                               : Iman Sugema
                                Independent Commissioner                               : Septian Hario Seto*
                                Independent Commissioner                               : Erwin Rijanto Slamet
                                Commissioner                                           : Fadlansyah Lubis

                                *present via video teleconference media


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          2023                   Management                      Company                  Management Discussion and                  Business Support
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        Day/Date/Time                                             Wednesday, March 15 2023, 14.31 WIB-16.42 WIB
                                      All members of the Board of Directors were present at the 2022 Annual GMS, with attendance details as
                                      follows.

                                      President Director                                    : Royke Tumilaar
                                      Vice President Director                               : Adi Sulistyowati
                                      Finance Director                                      : Novita Widya Anggraini
                                      Consumer Banking Director                             : Corina Leyla Karnalies
        Attendance by the Board of
                                      Institutional Banking Director                        : Sis Apik Wijayanto
        Directors
                                      Risk Management Director                              : David Pirzada
                                      Corporate and International Banking Director          : Silvano Winston Rumantir
                                      Network and Services Director                         : Ronny Venir
                                      Enterprise and Commercial Banking Director            : Muhammad Iqbal
                                      Treasury Director                                     : Putrama Wahju Setyawan
                                      Human Capital and Compliance Director                 : Mucharom
                                      Technology and Operations Director                    : Toto Prasetio
                                      Vote counting as a basis for making resolutions at the Meeting was conducted by PT Datindo Entrycom as
        Independent Vote Counting
                                      the Securities Administration Bureau. Furthermore, the votes were validated by Ashoya Ratam, S.H., M.Kn
        Party
                                      Notary in Jakarta.



      Annual GMS Resolutions for Fiscal Year 2022 and Follow-up Actions
      The results of the 2022 Annual GMS Decision Making held on March 15, 2023 and the follow-up by Management are as
      follows:
                                Annual GMS Resolutions for Fiscal Year 2022 and Follow-up Actions
                                Approval of the Annual Report and Ratification of the Company's Consolidated Financial Report, Approval of
                                the Board of Commissioners’ Supervisory Duties Report and Ratification of the Financial Report of the Micro
        Agenda I                  and Small Business Funding Program (PUMK) for the FiscalYear 2022, as well as granting full release and
                                discharge (volledig acquit et de charge) to the Company's Board of Directors and Board of Commissioners for
                                               the management and supervisory actions carried out during the FiscalYear 2022.
       Number of
                                1 (one) person submitted feedback from the Shareholder or their authorized representatives
       Shareholders Inquiries
                                                                                   Voting Result
                                              Agree                              Disagree                                  Abstain
       Resolution               15,897,630,677 shares or
                                                                     700 shares or 0.0000044% of all      36,746,989 shares or 0.2311476% of all
                                99.9999956% of all shares with
                                                                     shares with voting rights present    shares with voting rights present at the
                                voting rights present at the
                                                                     at the Meeting                       Meeting
                                Meeting
                                1. Approved the Company's Annual Report including the Board of Commissioners’ Supervisory Duties Report for
                                   the Fiscal Year 2022.
                                2. Approved:
                                   a. The Company's Consolidated Financial Report for the Fiscal Year 2022, which was audited by the Public
                                       Accounting Firm Tanudiredja, Wibisana, Rintis & Rekan (a member firm of the PwC global network)
                                       according to Report No. 00007/2.1025/AU.1/07/0222-2/1/I/2023 dated January 20, 2023 with a fair opinion
                                       in all material respects on the Group's consolidated financial position as of December 31, 2022, as well as
                                       the consolidated financial performance and consolidated cash flows for the year ending on that date in
                                       accordance with Financial Accounting Standards in Indonesia.
                                   b. The Financial Report of the Micro and Small Business Funding Program (PUMK) for the Fiscal Year 2022,
       Meeting Resolution
                                       which has been audited by the Public Accounting Firm Tanudiredja, Wibisana, Rintis & Rekan (a member firm
                                       of the PwC global network) according to Report No. 00033/2.1025/AU.2/07/0222-2/1/II/2023 dated February 3,
                                       2023 with a fair opinion in all material respects on the financial position of the MSE Funding Program as of
                                       December 31, 2022, as well as the financial performance and cash flows for the year ending on that date, in
                                       accordance with the Financial Accounting Standards for Entities Without Public Accountability.
                                3. Provide full release and discharge (volledig acquit et de charge) to all members of the Board of Directors and
                                   members of the Board of Commissioners for the management and supervision actions they carried out during
                                   Fiscal Year 2022, so long as these actions were not criminal acts and such actions are reflected in the Annual
                                   Report, Company Consolidated Financial Report and Micro and Small Business Funding Program Report
                                   (PUMK) for the Fiscal Year 2022.
        Follow Up               Resolution Realized
        Status                  Already realized




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Capital & Risk Management      Good Corporate           Social & Environmental                 ESG                      Financial
          Practices             Governance                  Responsibility                  Commitment                 Statements




 Agenda II                                   Approval of the use of the Company's Net Profit for the Fiscal Year 2022.
 Number of
                            No Shareholders asked questions or responded
 Shareholders Inquiries
                                                                                   Voting Result
                                          Agree                                  Disagree                                   Abstain
 Resolution                 15,897,630,677 votes or
                                                                 700 votes or 0.0000044% of all          18,526,840 votes or 0.1165384% of all
                            99.9999956% of all shares with
                                                                 shares with valid voting rights         shares with valid voting rights present at
                            valid voting rights present at the
                                                                 present at the Meeting.                 the Meeting.
                            Meeting.
                            Menyetujui Penggunaan Laba Bersih Perseroan untuk Tahun Buku 2022 yang tercatat senilai Rp18.312.053.106.091
                            dengan rincian sebagai berikut:
                            1. Sebesar 40% (empat puluh persen) dari Laba Bersih Perseroan atau senilai Rp7.324.821.242.436 ditetapkan
                               untuk dibagikan sebagai dividen tunai kepada para pemegang saham, dengan ketentuan pembayaran
                               sebagai berikut:
                               a. Dividen bagian Negara atas kepemilikan 60%(enam puluh persen) saham atau senilai Rp4.394.892.745.535
                                  akan disetorkan ke Rekening Kas Umum Negara.
 Meeting Resolution
                               b. Atas kepemilikan 40% (empat puluh persen) saham publik senilai Rp2.929.928.496.893 akan diberikan
                                  kepada pemegang saham sesuai dengan porsi kepemilikannya masing-masing.
                               c. Memberikan wewenang dan kuasa kepada Direksi Perseroan dengan hak substitusi untuk menetapkan
                                  jadwal, tata cara, dan pelaksanaan pembayaran dividen Tahun Buku 2022 sesuai dengan ketentuan yang
                                  berlaku.
                            2. Sebesar 60% (enam puluh persen) dari Laba Bersih Perseroan atau senilai Rp10.987.231.863.663 ditetapkan
                               sebagai Saldo Laba Ditahan.
 Meeting Resolution
                            The Company has distributed Dividends to Shareholders on April 14 2023.
 Follow Up
 Status                     Already realized.

                             Determination of remuneration (salary/honorarium, facilities and allowances) for 2023 and Tantiem
 Agenda III
                                  for Fiscal Year 2022 for the Company's Board of Directors and Board of Commissioners.
 Number of
                            Tidak ada Pemegang Saham yang mengajukan pertanyaan atau tanggapan
 Shareholders Inquiries
                                                                                   Voting Result
                                          Agree                                  Disagree                                   Abstain
 Resolution                 15,306,843,571 votes or
                                                                 590,787,806 votes or 3.7162002%         30,608,898 votes or 0.1925375% of all
                            96.2837998% of all shares with
                                                                 of all shares with valid voting         shares with valid voting rights present at
                            valid voting rights present at the
                                                                 rights present at the Meeting.          the Meeting.
                            Meeting.
                            1. Granted authority and power of attorney to Series A Dwiwarna Shareholders to determine the amount of
                               Tantiem for Fiscal Year 2022, as well as determine the salaries/honorarium, benefits, facilities and other
                               incentives, including but not limited to Long Term Incentives, for members of the Board of Commissioners for
                               2023.
 Meeting Resolution
                            2. Granted authority and power to the Board of Commissioners by first obtaining written approval from
                               the Series A Dwiwarna Shareholders to determine the amount of Tantiem for Fiscal Year 2022, as well as
                               determine salaries/honorarium, allowances, benefits and other incentives including but not limited to Long
                               Term Incentives, for members of the Board of Directors for 2023.
                            Series A Dwiwarna Shareholders have determined the amount of Tantiem for the 2022 Fiscal Year, as well as
                            determined the salary/honorarium, allowances, facilities and other incentives including but not limited to Long
                            Term Incentives, for members of the Board of Commissioners for 2023 based on BUMN Ministry Letter No. SR-
 Meeting Resolution
                            25/Wk2.MBU.A/07/2023 dated 4 July 2023 and the Board of Commissioners, with prior approval from the Series
 Follow Up
                            A Dwiwarna Shareholders, has determined the amount of the Tantiem for the 2022 Financial Year, as well as
                            determined the salary/honorarium, allowances, facilities and incentives others, including but not limited to Long
                            Term Incentives, for members of the Board of Directors for 2023 based on Letter No. DK/84 dated 5 July 2023
 Status                     Already realized.



                                Appointment of a Public Accountant and/or Public Accounting Firm to Audit the Company's
 Agenda IV                   Consolidated Financial Statements and Financial Report for the Micro and Small Business Funding
                                                         Program (PUMK) for the Fiscal Year 2023
 Number of
                            No Shareholders asked questions or responded
 Shareholders Inquiries
                                                                                   Voting Result
                                          Agree                                  Disagree                                   Abstain
 Resolution                 15,894,478,077 votes or
                                                                 3,153,300 votes or 0.0198350%           18,524,998 votes or 0.1165268% of all
                            99.9801650% of all shares with
                                                                 of all shares with valid voting         shares with valid voting rights present at
                            valid voting rights present at the
                                                                 rights present at the Meeting.          the Meeting.
                            Meeting.


                                                                                               Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   623
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          2023                  Management                      Company                   Management Discussion and                   Business Support
      Performance                 Report                         Profile                Analysis on Company Performance                  Functions




                                    Appointment of a Public Accountant and/or Public Accounting Firm to Audit the Company's
        Agenda IV                Consolidated Financial Statements and Financial Report for the Micro and Small Business Funding
                                                             Program (PUMK) for the Fiscal Year 2023
                                1. Approved the appointment of the Tanudiredja, Wibisana, Rintis & Rekan Public Accounting Firm (a member
                                   firm of the PwC global network), as the Public Accounting Firm that will audit the Company's Consolidated
                                   Financial Statements, Micro and Small Business Funding Program Reports (PUMK), as well as other reports
                                   for Fiscal Year 2023.
                                2. Granted power and authority to the Company's Board of Commissioners to determine the honorarium and
        Meeting Resolution         other requirements for Public Accountants and/or Public Accounting Firm Tanudiredja, Wibisana, Rintis &
                                   Rekan (PwC global network member firms), and to dismiss and appoint Substitute Public Accountants and/
                                   or Public Accounting Firms in the event that the appointed Public Accounting Firm for whatever reason is
                                   unable to complete the audit of the Company's Consolidated Financial Statements, Micro and Small Business
                                   Funding Program Report (PUMK) and other reports for the Fiscal Year 2023, including determining the
                                   honorarium and other requirements for the Substitute Public Accountant and /or the Public Accounting Firm.
        Meeting Resolution      Already realized. The Company reported the appointment of the Company’s Public Accountants and/or Public
        Follow Up               Accounting Firm via Letter Number CSE/7/1786 dated March 21, 2023 to the Financial Services Authority (OJK).
        Status                  Already realized


                                Approval of the Company's Share Buyback Plan and the Transfer of Buyback Shares held as Treasury
        Agenda V
                                                                           shares.
       Number of
                                No Shareholders asked questions or responded
       Shareholders Inquiries
                                                                                    Voting Result
                                              Agree                              Disagree                                   Abstain
       Resolution               13,698,324,747 votes or              2,199,306,630 votes or
                                                                                                          20,129,598 votes or 0.1266201% of all
                                86.1658220% of all shares with       13,8341780% of all shares with
                                                                                                          shares with valid voting rights present at
                                valid voting rights present at the   valid voting rights present at the
                                                                                                          the Meeting.
                                Meeting.                             Meeting.
                                1. Approved the buyback of the Company's shares that have been issued and listed on the Indonesia Stock
                                   Exchange (BEI) with a total nominal value of all buybacks of a maximum of Rp905,000,000,000.
                                2. Granted power and authority to carry out the buyback of the Company's shares to the Company's Board of
                                   Directors.
                                3. Approved the Share Ownership Program for Employees and/or the Share Ownership Program for Board
                                   of Directors and Board of Commissioners as one of the options for transferring shares resulting from the
       Meeting Resolution          buyback that are held as treasury stock.
                                4. Granted power and authority to implement the Share Ownership Program for Employees and/or Share
                                   Ownership Program for the Board of Directors and Board of Commissioners to:
                                   a. The Company's Board of Directors with the approval of the Series A Dwiwarna Shareholders to implement
                                       the Share Ownership Program for the Board of Directors and Board of Commissioners;
                                   b. The Company's Board of Directors to implement the Share Ownership Program for Employees;
                                       while still paying attention to applicable laws and regulations.
       Meeting Resolution       The Company has purchased shares (buyback) until December 31 2023, the Company has purchased shares as
       Follow Up                stated in Letter No. CSE/7/4578 dated 1 August 2023.
                                Due observance of OJK Regulation no. 30/POJK.04/2017 concerning Share Buybacks issued by Public
       Status                   Companies which regulates that the share buyback period is 18 (eighteen) months from the date of the
                                GMS decision, so until December 31, 2023, the Company is still in share buyback period (buyback).


        Agenda VI                                     Approval of the Company's Recovery Plan and Resolution Plan.
       Number of
                                No Shareholders asked questions or responded.
       Shareholders Inquiries
                                                                                    Voting Result
                                              Agree                              Disagree                                   Abstain
       Resolution               15,897,630,677 votes or
                                                                     700 votes or 0.0000044% of all       20,593,255 votes or 0.1295366% of all
                                99.9999956% of all shares with
                                                                     shares with valid voting rights      shares with valid voting rights present at
                                valid voting rights present at the
                                                                     present at the Meeting.              the Meeting.
                                Meeting.
                                1. Approved the Company's Updated Action Plan (Recovery Plan) for 2022/2023; and
       Meeting Resolution
                                2. Approved the Company's 2022 Resolution Plan.
       Meeting Resolution
                                Resolution Realized
       Follow Up
       Status                   Already realized




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Capital & Risk Management      Good Corporate           Social & Environmental                 ESG                      Financial
          Practices             Governance                  Responsibility                  Commitment                 Statements




                               Ratify and report on the Delegation of authority to the Board of Commissioners to approve the
 Agenda VII                     Founder's Written Statement in the context of Amendments to the Company's Pension Fund
                                           Regulations based on the GMS Resolution in Deed Number 42 of 1999.
 Number of
                            No Shareholders asked questions or responded
 Shareholders Inquiries
                                                                                   Voting Result
                                          Agree                                  Disagree                                   Abstain
 Resolution                 13,607,268,523 votes or              2,290,362,854 votes or
                                                                                                         29,074,553 votes or 0.1828861% of all
                            85.5930560% of all shares with       14.4069440% of all shares with
                                                                                                         shares with valid voting rights present at
                            valid voting rights present in the   valid voting rights present at the
                                                                                                         the Meeting.
                            Meeting.                             Meeting.
                            1. Approved the ratification of the delegation of authority from the GMS to the Board of Commissioners to
                               approve the Founder's Written Statement in the context of Amendments to the Company's Pension Fund
                               Regulations based on Deed Number 42 of 1999 which is still in effect today.
 Keputusan Rapat
                            2. Approved to re-delegate the authority of the GMS to the Board of Commissioners to approve the Written
                               Statement of the Founders in the context of changes to the Company's Pension Fund Regulations, and then
                               periodically request reconfirmation from the GMS every 3 (three) years.
 Meeting Resolution
                            Resolution Realized
 Follow Up
 Status                     Already realized

                                        Report on the Realization of the Use of Funds from the Public Offering of PT Bank Negara
 Agenda VIII
                                            Indonesia (Persero) Tbk Environmentally Friendly Bonds (Green Bond) I in 2022.
 Number of Shareholders
                                    No Shareholders asked questions or responded.
 Inquiries
                                                                                       Voting Result
 Resolution                                        Agree                                Disagree                                 Abstain
                                    -                                       -                                      -
                                    The Report on the Realization of the Use of Funds from the Public Offering of PT Bank Negara Indonesia
 Meeting Resolution                 (Persero) Tbk Environmentally Friendly Bonds (Green Bond) I in 2022 is a report, so no decision is
                                    needed.
 Meeting Resolution Follow Up       -
 Status                             -


 Agenda IX                                                 Changes in the Company's Management Composition
 Number of Shareholders
                                No Shareholders asked questions or responded
 Inquiries
                                                                                     Voting Result
                                                Agree                              Disagree                                  Abstain
 Resolution                     12,197,412,856 votes or               3,700,218,521 votes or
                                                                                                          47,039,429 votes or 0.2958895% of all
                                76.7247181% of all shares with        23.2752819% of all shares
                                                                                                          shares with valid voting rights present at
                                valid voting rights present in the    with valid voting rights
                                                                                                          the Meeting.
                                Meeting.                              present at the Meeting.




                                                                                               Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   625
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          2023               Management                       Company                  Management Discussion and                  Business Support
      Performance              Report                          Profile               Analysis on Company Performance                 Functions




        Agenda IX                                         Changes in the Company's Management Composition
                                1. Dismissed with honor Sigit Widyawan as an Independent Commissioner of the Company who was
                                   appointed based on the Annual GMS Resolution for the Fiscal Year 2017 dated March 20, 2018, starting
                                   from the closing of the GMS, with thanks for the contribution of energy and thoughts given while serving
                                   as the Company’s Management.
                                2. Changed the nomenclature of positions for members of the Company's Board of Directors as follows:


                                 No                     Previous                                              To Become
                                 1        Treasury Director                         Retail Banking Director
                                 2        Consumer Banking Director                 Digital and Integrated Transaction Banking Director
                                          Corporate and International Banking
                                 3                                                  Wholesale and International Banking Director
                                          Director

                                3. Transferred the assignments of the following names as members of the Company's Board of Directors:


                                 No.                     Name                             Previous                          To Become
                                 1)         Putrama W. Setyawan                 Treasury Director                 Retail Banking Director
                                                                                                                  Digital and Integrated
                                 2)         Corina Leyla Karnalies              Consumer Banking Director
                                                                                                                  Transaction Banking Director
        Meeting Resolution                                                      Corporate and International       Wholesale and International
                                 3)         Silvano Winston Rumantir
                                                                                Banking Director                  Banking Director
                                                                                Enterprise and Commercial
                                 4)         Muhammad Iqbal                                                        Institutional Banking Director
                                                                                Banking Director
                                                                                                                  Enterprise and Commercial
                                 5)         Sis Apik Wijayanto                  Institutional Banking Director
                                                                                                                  Banking Director

                                      each of whom was appointed based on the 2022 EGMS Resolution on the August 31, 2022, Annual GMS
                                      for Fiscal Year 2019 Resolution dated February 20, 2020 in conjunction 2022 EGMS Resolutions dated
                                      August 31, 2022, 2020 EGMS dated September 2, 2020 in conjunction with the 2022 EGMS on August 31,
                                      2022, the 2020 EGMS Resolution on September 2, 2020 in conjunction with the 2022 EGMS on August 31,
                                      2022, and the 2019 Annual GMS Resolution on February 20, 2020 in conjunction with the 2022 EGMS on
                                      August 31, 2022, with term of office continuing the remaining term of office of each, in accordance with
                                      the GMS the for the appointment concerned.

                                4. Appointed the following to the Company Management:
                                   a. Sigit Widyawan - as Independent Commissioner;
                                   b. Robertus Billitea - as Commissioner.
                                5. The term of office of the appointed members of the Board of Commissioners as referred to in number
                                   4, is in accordance with the provisions of the Company's Articles of Association, with due observance of
                                   laws and regulations in the Capital Market sector and without prejudice to the right of the GMS to dismiss
                                   them at any time.




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 Agenda IX                                           Changes in the Company's Management Composition

                             6. With the change in position nomenclature and transfer of duties of members of the Board of Directors as
                                referred to in number 2 and number 3, as well as the dismissal and appointment of members of the Board
                                of Commissioners as referred to in number 1 and number 4, the Company's Board of Directors and Board
                                of Commissioners members composition is as follows:
                                Board of Directors
                                President Director		                                            : Royke Tumilaar
                                Vice President Director		                                       : Adi Sulistyowati
                                Digital and Integrated Transaction Banking Director		           : Corina Leyla Karnalies
                                Enterprise and Commercial Banking Director		                    : Sis Apik Wijayanto
                                Finance Director		                                              : Novita Widya Anggraini
                                Risk Management Director		                                      : David Pirzada
                                Institutional Banking Director		                                : Muhammad Iqbal
                                Network and Services Director		                                 : Ronny Venir
                                Retail Banking Director		                                       : Putrama W. Setyawan
                                Technology and Operations Director		                            : Toto Prasetio
                                Human Capital and Compliance Director		                         : Mucharom
                                Wholesale and International Banking Director		 : Silvano Winston Rumantir

                                 Board of Commissioners
                                 President Commissioner/Independent Commissioner		    : Agus Dermawan Wintarto Martowardojo
                                 Vice President Commissioner/Independent Commissioner : Pradjoto
                                 Commissioner		                                       : Askolani
                                 Commissioner		                                       : Susyanto
                                 Commissioner		                                       : Fadlansyah Lubis
                                 Commissioner		                                       : Robertus Billitea
                                 Independent Commissioner		                           : Erwin Rijanto
                                 Independent Commissioner		                           : Sigit Widyawan
                                 Independent Commissioner		                           : Asmawi Syam
                                 Independent Commissioner		                           : Septian Hario Seto
                                 Independent Commissioner		                           : Iman Sugema

                             7. Members of the Board of Commissioners appointed as referred to in number 4 still serving in other
                                positions that are prohibited by statutory regulations from holding concurrent positions as members
                                of the Board of Directors and Board of Commissioners in State-Owned Enterprises, then the person
                                concerned must resign or be dismissed from their other position.
                             8. Granted power of attorney with the right of substitution to the Company's Board of Directors to declare
                                the GMS resolution in a Notarial Deed and appear before a Notary or authorized official and make
                                necessary adjustments or improvements if required by them for the purposes of implementing the
                                meeting's resolutions.

 Meeting Resolution Follow
                             Resolution Realized
 Up
 Status                      Already realized

Realization of Dividend Payments
In connection with Agenda II of the 2022 Annual GMS regarding Approval of the Use of Net Profit for the 2022 Fiscal
Year, Cash Dividend payments have been paid for the performance of the 2022 Fiscal Year with the following details:

 Cash Dividends Distributed (Rp-billion)                                                              :    Rp7,324,821,242,436
 Dividends per Share (Rp)                                                                             :    Rp392,780105040
 Dividend Distribution Ratio from Net Profit for the Year Attributable to Owners of the Parent
                                                                                                      :    40%
 Entity for Fiscal Year 2022 (%)
 Announcement Date                                                                                    :    March 16, 2023
 Payment date                                                                                         :    April 14, 2023




                                                                                     Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   627
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          2023                        Management                  Company              Management Discussion and               Business Support
      Performance                       Report                     Profile           Analysis on Company Performance              Functions




      EXTRAORDINARY GMS DATED SEPTEMBER 19, 2023

                                               Implementation Stages for the 2023 Extraordinary GMS
                                                            Implementation
        No          Description                                                                           Information
                                                                 date
                                                                               The Company submitted Extraordinary GMS Notification and
                    Extraordinary GMS Notification to
        1                                                 August 4, 2023       Temporary Meeting Agenda to the Financial Services Authority
                    Regulators
                                                                               (OJK) via letter Number CSE/7/4710 dated August 4, 2023.
                                                                               The Company submitted the Announcement of the BNI 2023
                                                                               Extraordinary GMS to OJK via Letter Number CSE/7/4955 dated
                                                                               August 11, 2023.
                                                                               The announcement of the Extraordinary GMS was also conveyed
        2           Extraordinary GMS Announcement        August 11, 2023      through:
                                                                               • Indonesian Central Securities Depository ("KSEI") website
                                                                                  (www.ksei.co.id)
                                                                               • Indonesian Stock Exchange website (www.idx.co.id);
                                                                               • The Company's website www.bni.co.id.
                                                                               In accordance with the provisions of Article 16 paragraph (2)
                                                                               POJK, Shareholders, either individually or together representing
                                                                               1/20 (one twentieth) or more of the total number of shares of
                                                                               the Company, have the right to provide proposals regarding the
                                                                               Meeting Agenda, including making additions to the Agenda.
                    Proposed 2023 Extraordinary GMS                            Meetings with the relevant provisions must be submitted in
        3                                                 August 18, 2023
                    agenda by Shareholders                                     writing to the Company's Board of Directors as the organizer
                                                                               of the GMS no later than 7 (seven) days before the date of
                                                                               the Invitation to the Meeting. Shareholders, in this case the
                                                                               Ministry of BUMN, submitted Approval for holding the BNI 2023
                                                                               Extraordinary General Meeting of Shareholders (EGMS) Agenda
                                                                               via letter No. SR-432/MBU/08/2023 dated August 18, 2023.
                                                                               Shareholders who have the right to attend/represent and vote at
                    Recording Date for List of                                 the Meeting include the Company's Shareholders whose names
        4           Shareholders entitled to attend the   August 25, 2023      are registered in the Company's Register of Shareholders or
                    Extraordinary GMS                                          Shareholders in their securities account at PT Kustodian Sentral
                                                                               Efek Indonesia (KSEI) on Friday, February 20, 2023 at 16.15 WIB.
                                                                               The Company submitted the BNI 2023 Extraordinary GMS
                                                                               Invitation to OJK via Letter Number CSE/7/5355 dated August 28,
                                                                               2023.
                                                                               The 2023 Extraordinary GMS invitation was also conveyed
                    Invitation and information on the
        5                                                 August 28, 2023      through:
                    Extraordinary GMS agenda
                                                                               • Indonesian Central Securities Depository ("KSEI") website
                                                                                   (www.ksei.co.id);
                                                                               • Indonesian Stock Exchange website (www.idx.co.id);
                                                                               • The Company's website www.bni.co.id.
                                                                               Meetings were held through physical presence as well as
                                                                               electronically based on POJK No. 16/POJK.04/2020 concerning
                                                                               the implementation of electronic General Meetings of
                    Implementation of the Extraordinary
        6                                                 September 19, 2023   Shareholders of Public Companies with PT Kustodian Sentral Efek
                    GMS
                                                                               Indonesia as the provider of e-GMS via the eASY.KSEI application.
                                                                               The physical meeting was held in the Menara BNI Ballroom, 6th
                                                                               Floor, Jalan Pejompongan Raya No. 7, Bendungan Hilir, Jakarta
                                                                               The results of the BNI 2023 Extraordinary GMS resolutions
                    Extraordinary GMS Minutes                                  were notarized through the Deed of Minutes for the PT Bank
        7                                                 September 19, 2023
                    Summary                                                    Negara Indonesia (Persero) Tbk Extraordinary General Meeting of
                                                                               Shareholders No. 17 September 19, 2023.
                                                                               The Company submitted a Publication of the Minutes Summary
                                                                               for the BNI 2023 Extraordinary GMS to OJK via Letter No.
                                                                               CSE/7/6030 dated September 20, 2023.
                                                                               The Summary of the Extraordinary GMS Minutes was also
                    Publication of Extraordinary GMS
        8                                                 September 20, 2023   conveyed through:
                    Minutes Summary
                                                                               • Indonesian Central Securities Depository ("KSEI") website
                                                                                   (www.ksei.co.id);
                                                                               • Indonesian Stock Exchange website (www.idx.co.id);
                                                                               • The Company's website www.bni.co.id.
                    Reporting of Extraordinary GMS                             The Company submitted this report to OJK via Letter No.
        9                                                 October 16, 2023
                    Minutes to Regulators                                      CSE/7/6700 dated October 16, 2023.




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Capital & Risk Management     Good Corporate              Social & Environmental        ESG                       Financial
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Report on the Implementation of the 2023 Extraordinary GMS

 Day/Date/Time                                                Tuesday, September 19 2023, 14.19 WIB - 14.55 WIB
                               BNI Menara Ballroom, 6th Floor
 Location                      Jalan Pejompongan Raya No. 7,
                               Bendungan Hilir, Jakarta
                               Shareholders and/or shareholders' proxies who were present both in the Meeting room and electronically
                               owned a total of 15,783,005,488 shares including series A Dwiwarna shares or representing 84.7255062% of
                               the total 18,628,399,158 shares with valid voting rights that had been issued by the Company until the day of
                               the Meeting, and consistied of:
                               • 1 (one) Dwiwarna A series share; and
                               • 289,341,866 series B; and
                               • 18,359,314,591 series C shares;
 Quorum
                               In line with the Company's Shareholder List as of August 25, 2023 at 16.15 WIB, the quourn required in
                               Article 41 paragraph (1) letter a and Article 42 letter a of Financial Services Authority Regulation Number 15/
                               POJK.04/2020 concerning Planning and Holding an AGM Meeting of Public Company Shareholders ("POJK
                               15") in conjunction with Article 25 paragraph (1) letter a, paragraph (4) letter a and paragraph (5) letter a of
                               the Company's Articles of Association was fulfilled and the Meeting was declared valid with the right to make
                               legal and binding resolutions on matters discussed in accordance with the Meeting agenda.
                               The meeting was chaired by the Company's President Commissioner/Independent Commissioner, Agus
 Chairman of the Annual
                               Dermawan Wintarto Martowardojo in accordance with the Board of Commissioners' letter dated August 18,
 GMS
                               2023 number DK/98.
                               All members of the Board of Commissioners were present at the 2023 Extraordinary GMS, with attendance
                               details as follows:

                               President Commissioner/Independent Commissioner      : Agus Dermawan Wintarto Martowardojo
                               Vice President Commissioner/Independent Commissioner : Pradjoto
                               Independent Commissioner		                           : Sigit Widyawan
                               Commissioner		                                       : Askolani*
 Attendance of the Board of    Independent Commissioner		                           : Asmawi Syam
 Commissioners                 Commissioner		                                       : Susyanto
                               Independent Commissioner		                           : Iman Sugema
                               Independent Commissioner		                           : Septian Hario Seto*
                               Independent Commissioner		                           : Erwin Rijanto Slamet
                               Commissioner		                                       : Fadlansyah Lubis
                               Commissioner		                                       : Robertus Billitea
                               *present via video teleconference media

                               All members of the Board of Directors were present at the 2023 Extraordinary GMS, with attendance details
                               as follows:

                               President Director		                                         : Royke Tumilaar
                               Vice President Director		                                    : Adi Sulistyowati
                               Finance Director		                                           : Novita Widya Anggraini
                               Digital and Integrated Transaction Banking Director		        : Corina Leyla Karnalies
 Attendance of the Board of
                               Enterprise and Commercial Banking Director		                 : Sis Apik Wijayanto
 Directors
                               Risk Management Director		                                   : David Pirzada
                               Wholesale and International Banking Director		               : Silvano Winston Rumantir
                               Network and Services Director		                              : Ronny Venir
                               Institutional Banking Director		                             : Muhammad Iqbal
                               Retail Banking Director		                                    : Putrama Wahju Setyawan
                               Human Capital and Compliance Director		                      : Mucharom
                               Technology and Operations Director		                         : Toto Prasetio
                               Vote counting as a basis for making decisions at the Meeting is conducted by PT Datindo Entrycom as the
 Independent Vote Counting
                               Securities Administration Bureau. Furthermore, the votes were validated by Ashoya Ratam, S.H., M.Kn
 Party
                               Notary in Jakarta.




                                                                                         Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   629
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          2023                   Management                        Company                     Management Discussion and                    Business Support
      Performance                  Report                           Profile                  Analysis on Company Performance                   Functions




      2023 Extraordinary GMS Decisions and Follow-Ups
      The results of the 2023 Extraordinary GMS Resolutions held on 19 September 2023 and the follow-up by Management
      are as follows:

                                              2023 Extraordinary GMS Resolutions and Follow-Ups
                                     Approval of Stock Split and Amendments to Article 4 of the Company's Articles of Association
        Agenda I
                                                                    concerning Company Capital.
        Number of
                                 There were no questions and/or responses.
        Shareholders Inquiries
                                                                                        Voting Result
                                                 Agree                                    Disagree                                    Abstain
        Resolution               15,708,171,244 votes or
                                                                           4,400 votes or 0.0000279% of all          31,887,016 votes or 0.2020339% of
                                 99.3458830% of all shares with
                                                                           shares with valid voting rights           all shares with valid voting rights
                                 valid voting rights present at the
                                                                           present at the Meeting.                   present at the Meeting.
                                 Meeting.
                                 1. Approved the implementation of the Company's Stock Split with a ratio of 1:2 (one to two), so that:
                                    a. The nominal value per Series A Dwiwarna and Series B share changed from Rp7,500 (seven thousand five
                                        hundred rupiah) to Rp3,750 (three thousand seven hundred and fifty rupiah), with the following conditions:
                                        i) 1 (one) Series A Dwiwarna share is retained as a Series A Dwiwarna share belonging to the Republic of
                                             Indonesia with a nominal value of Rp3,750 (three thousand seven hundred and fifty rupiah); And
                                        ii) 1 (one) Series A Dwiwarna share chamged to 1 (one) Series B share owned by the Republic of Indonesia with a
                                             nominal value of Rp3,750 per share;
                                    b. The nominal value per Series C Share chamged from Rp375 (three hundred seventy five rupiah) to Rp187.5
                                        (one hundred eighty seven point five rupiah).
                                 2. In connection with the Company's share split (Stock Split), approved changes to Article 4 paragraphs (1) and
                                    (2) of the Articles of Association. Thus, Article 4 paragraphs (1) and (2) are as follows:
                                                                                             C A P IT A L
                                                                                               Article 4
                                    a. The authorized capital of this Company is Rp15,000,000,000,000 (fifteen trillion rupiah), Divided into:
                                        i) 1 (one) series A Dwiwarna share, with a nominal value of Rp3,750 (three thousand seven hundred and fifty
                                             rupiah);
                                        ii) 578,683,733 (five hundred seventy eight million six hundred eighty three thousand seven hundred thirty three)
                                             series B shares, each share with a nominal value of Rp3,750 (three thousand seven hundred and fifty rupiah);
                                             and
                                        iii) 68,426,325,320 (sixty eight billion four hundred twenty six million three hundred twenty five thousand three
                                             hundred and twenty) series C shares, each share with a nominal value of Rp187.50 (one hundred eighty seven
        Meeting Resolution
                                             point fifty rupiah);
                                    b. The Authorized Capital, approximately 54.05% (fifty four point zero five percent) or a total of 37,297,312,916
                                        (thirty seven billion two hundred ninety seven million three hundred two twelve thousand nine hundred
                                        and sixteen) shares with a total nominal value of Rp9,054,806,974,125.00 (nine trillion fifty-four billion eight
                                        hundred six million nine hundred seventy-four thousand one hundred twenty-five rupiah) consists of:
                                        i) (one) series A Dwiwarna share with a nominal value of Rp3,750 (three thousand seven hundred and fifty rupiah);
                                        ii) 578,683,733 (five hundred seventy eight million six hundred eighty three thousand seven hundred thirty three)
                                             series B shares, with a total nominal value of Rp2,170,063,998,750 (two trillion one hundred seventy billion sixty
                                             three million nine one hundred ninety-eight thousand seven hundred and fifty rupiah);
                                        iii) 36,718,629,182 (thirty six billion seven hundred eighteen million six hundred twenty nine thousand one hundred
                                             eighty two) series C shares, with a total nominal value of Rp6,884,742,971,625 (six trillion eight hundred eighty
                                             four billion seven hundred forty-two million nine hundred seventy-one thousand six hundred and twenty-five
                                             rupiah).
                                 3. Granted authority and power of attornity to the Company's Board of Directors, with the right of substitution,
                                    to carry out any and all actions necessary in connection with the implementation of the Company's share
                                    split (Stock Split), including but not limited to arranging and determining the procedures and schedule for
                                    implementing the Stock Split in accordance with statutory regulations in the Capital Market sector, and to
                                    state/confirm the decision in a deed made before a Notary, including confirming the composition of the
                                    Company's shareholders (if necessary), and/or changes to the Company's Articles of Association in rsolutions
                                    of this Meeting to the competent authorities, as well as make all and any necessary actions in accordance with
                                    applicable laws and regulations.
                                 The decision has taken effect. Stock Split results will be implemented starting October 10 2023 based on
                                 Indonesia Stock Exchange Letter No. Peng-00240/BEI.POP/10-2023 dated October 5 2023 concerning the
        Meeting Resolution
                                 amendment to the Articles of Association was accepted by the Ministry of Law and Human Rights through Letter
        Follow Up
                                 No. AHU-AH.01.03-0119983 dated September 19, 2023. The Deed of Amendment to the Articles of Association No.
                                 18 dated September 19, 2023 was reported to the OJK via Letter No. CSE/7/6636 dated October 12, 2023.
        Status                   Already realized




630   From Local to Global
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Capital & Risk Management    Good Corporate           Social & Environmental            ESG                        Financial
          Practices           Governance                  Responsibility             Commitment                   Statements




                                     2023 Extraordinary GMS Resolutions and Follow-Ups
 Agenda II                                             Changes in the Company's Management Composition
 Number of Shareholders
                             There were no questions and/or responses.
 Inquiries
                                                                                Voting Result
                                              Agree                            Disagree                                 Abstain
 Resolution                  12,114,010,739 votes or                3,668,994,749 votes or
                                                                                                      37,581,516 votes or 0.2381138% of all
                             76.7535103% of all shares with         23.2464897% of all shares
                                                                                                      shares with valid voting rights present at
                             valid voting rights present at the     with valid voting rights
                                                                                                      the Meeting.
                             Meeting.                               present at the Meeting.
                             1. Dismissed with honor Agus Dermawan Wintarto Martowardojo as President Commissioner/Independent
                                Commissioner of the Company who was appointed based on the Annual GMS Resolution for the Fiscal
                                Year 2019 dated February 20, 2020, starting from the closing of the GMS, with thanks for the contribution
                                of energy and thoughts given while serving as the Company’s Management.
                             2. Changed the assignment of Pradjoto, originally as Vice President Commissioner/Independent
                                Commissioner, to became President Commissioner/Independent Commissioner of the Company, who
                                was appointed based on the 2019 Annual GMS Resolution dated February 20, 2020, with the term of office
                                continuing for the remainder of his term of office in accordance with the relevant GMS appointment
                                resolution.
                             3. Appointed Pahala Nugraha Mansury as Vice President Commissioner of the Company.
                             4. The term of office of the members of the Board of Commissioners appointed as referred to in number.
                                3, is in accordance with the provisions of the Company's Articles of Association, with due observance of
                                laws and regulations in the Capital Market sector and without prejudice to the right of the GMS to dismiss
                                them at any time.
                             5. With the dismissal, transfer of duties and appointment of members of the Company's Board of
                                Commissioners as referred to in numbers 1, 2 and 3, the Company's Board of Commissioners members
                                composition is as follows:
                                a. President Commissioner/Independent Commissioner                 : Pradjoto
                                b. Vice President Commissioner			: Pahala Nugraha Mansury
                                c. Commissioner			: Askolani
                                d. Commissioner			: Susyanto
                                e. Commissioner			: Fadlansyah Lubis
 Meeting Resolution             f. Commissioner			: Robertus Billitea
                                g. Independent Commissioner			: Erwin Rijanto
                                h. Independent Commissioner			: Sigit Widyawan
                                i. Independent Commissioner			: Asmawi Syam
                                j. Independent Commissioner			: Septian Hario Seto
                                k. Independent Commissioner			: Iman Sugema
                             6. Members of the Board of Commissioners who were transferred as referred to in number 2 and appointed
                                as referred to in number 3, can only carry out their duties after obtaining approval from the Financial
                                Services Authority (OJK) in the Fit & Proper Test, and in compliance with prevailing statutory regulations.
                                In the event that any member of the Board of Commissioners is later declared not approved as a
                                member of the Board of Commissioners in the Fit & Proper Test by OJK, then the member of the Board of
                                Commissioners will be dismissed with honor from the date of the results of the OJK Fit & Proper Test.
                             7. Requested the Board of Directors submit a written request to the Financial Services Authority to carry out
                                a Fit & Proper Test for members of the Board of Commissioners who were transferred as referred to in
                                number 2 and appointed as referred to in number 3.
                             8. Members of the Board of Commissioners appointed as referred to in number 3 still serving in other
                                positions prohibited by statutory regulations from holding concurrent positions as members of the Board
                                of Commissioners in State-Owned Enterprises, then the person concerned must resign or be dismissed
                                from their other position.
                             9. Granted power of attorney with the right of substitution to the Company's Board of Directors to declare
                                the GMS resolution in a Notarial Deed and appear before a Notary or authorized official and make
                                necessary adjustments or improvements if required by them for the purposes of implementing the
                                meeting's resolutions.
 Meeting Resolution Follow
                             Resolution Realized
 Up
                             It has been realized. Members of the Board of Commissioners whose duties have been transferred
 Status
                             and appointed as of 31 December 2023 are currently in the OJK fit and proper test process.




                                                                                          Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   631
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          2023                  Management                     Company                   Management Discussion and                  Business Support
      Performance                 Report                        Profile                Analysis on Company Performance                 Functions




      INFORMATION REGARDING GMS RESOLUTIONS FOR THE 2022 FISCAL YEAR
      In the 2022 fiscal year, the Company held 2 (two) GMS, namely the 2021 Annual GMS which was held on 15 March 2022
      and the Extraordinary GMS which was held on 31 August 2022.

      All GMS resolutions for the 2022 fiscal year have been realized in the 2022 fiscal year. So there are no GMS resolutions
      for the 2022 financial year that will be realized in the 2023 fiscal year

      So there were no GMS resolutions for the 2022 fiscal year which will be realized in the 2023 fiscal year.

                                             Resolutions of the annual GMS for Fiscal Year 2021
                              Approval of the Annual Report and Ratification of the Company’s Consolidated Financial Statements,
                               Approval of the Board of Commissioners’ Supervisory Duties Report and Ratification of the Annual
                               Report on the Implementation of the Company’s Social and Environmental Responsibility Program
        Agenda I
                              for Fiscal Year 2021, as well as granting full release and discharge (volledig acquit et de charge) to the
                                Company’s Board of Directors and Board of Commissioners for the management and supervisory
                                                              actions carried out during Fiscal Year 2021.
        Number of
        Shareholders         No Shareholders asked questions or responded.
        Inquiries
                                                                                 Voting Result
                                             Agree                                 Disagree                                   Abstain
        Resolution
                             15,708,171,244 votes or 99.3458830%     103,426,341 votes or 0.6541170% of        113,834,591 votes or 0.0874965% of
                             of the total number of shares with      all shares with voting rights present     all shares with voting rights present
                             voting rights present at the Meeting.   at the Meeting.                           at the Meeting.
                             1. Approved the Company's Annual Report including the Board of Commissioners Supervisory Duties Report for
                                the Fiscal Year 2021, and ratified the Company's Consolidated Financial Report for Fiscal Year 2021, which has
                                been audited by the Public Accounting Firm Tanudiredja, Wibisana, Rintis & Rekan (member firm of PwC global
                                network) according to Report No. 00026/2.1025 /AU.1/07/0222-1/1/1/2022 dated January 21, 2022 with a fair
                                opinion in all material respects in accordance with Indonesian Financial Accounting Standards.
                             2. Approved and Ratified the Micro and Small Business (PUMK) Funding Program Report for Fiscal Year 2021,
                                which was audited by Public Accounting Firm Tanudiredja, Wibisana, Rintis & Rekan (member firm of PwC global
        Meeting Resolution
                                network) according to Report No. 00077/2.1025/ AU.2/07/0222-1/1/11/2022 dated February 14, 2022 with a fair
                                opinion in all material respects in accordance with Indonesian Financial Accounting Standards.
                             3. Granted full release and discharge (volledig acquit et de charge) to all members of the Board of Directors
                                and members of the Board of Commissioners for the management and supervision actions they carried out
                                during the Fiscal Year 2021, so long as such actions were not criminal acts and such actions are reflected in the
                                Company’s Annual Report and Consolidated Financial Statements, as well as the Micro and Small Business
                                (PUMK) Funding Program Report for the Fiscal Year 2021
        Follow Up            Already Realized in 2022 Fiscal Year


        Agenda II                             Approval of the use of the Company's Net Profit for the Fiscal Year 2021.
                                                                                 Voting Result
                                             Agree                                 Disagree                                   Abstain
        Resolution
                             15,776,851,593 votes or 99,7802500%     34,745,992 votes or 0.2197500% of all     1,821,600 votes or 0.0115207% of all
                             of all shares with voting rights        shares with voting rights present at      shares with voting rights present at
                             present at the Meeting.                 the Meeting.                              the Meeting.
                             Approved the use of the Company’s Net Profit for Fiscal Year 2021, which amounted to Rp10,898,517,592,729 (ten
                             trillion eight hundred ninety-eight billion five hundred seventeen million five hundred ninety-two thousand seven
                             hundred and twenty-nine rupiahs) as follows:
                             1. A Dividend of Rp2,724,629,398,182, - (two trillion seven hundred twenty-four billion six hundred twenty-nine
                                  million three hundred and ninety-eight thousand one hundred and eighty-two rupiah) designated as a cash
                                  dividends to be distributed to the Shareholders to be paid under the following provisions:
                                  a. A Dividend for the State’s share of 60% ownership or Rp1,636,944,231,460 (one trillion six hundred thirty six
                                      billion nine hundred forty four million two hundred thirty one thousand four hundred and sixty rupiah) to be
                                      paid to the State General Treasury account.
        Meeting Resolution        b. While for the ownership of 40% of public shares or Rp1,087,685,166,716 (one trillion eighty seven billion six
                                      hundred eighty five million one hundred sixty six thousand seven hundred and sixteen rupiah) to be given to
                                      Shareholders in accordance with their respective ownership.
                                  c. Granting power and authority to the Company’s Board of Directors with the right of substitution to set
                                      the schedule and procedures for distributing dividends for Fiscal Year 2021 in accordance with prevailing
                                      regulations.
                             2. A sum of 75% or Rp 8,173,888,194,547.00 (eight trillion one hundred seventy-three billion eight hundred eighty-
                                  eight million one hundred ninety-four thousand five hundred and forty-seven rupiah) to be used as Retained
                                  Earnings.
        Follow Up            Already Realized in 2022 Fiscal Year


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Capital & Risk Management         Good Corporate           Social & Environmental              ESG                        Financial
          Practices                Governance                  Responsibility               Commitment                   Statements




                            Determination of remuneration (salaries/honorarium, facilities and allowances) for Fiscal Year 2022 and
 Agenda III
                             tantiem for the Fiscal Year 2021 for the Company’s Board of Directors and Board of Commissioners.
                                                                                    Voting Result
                                            Agree                                     Disagree                                    Abstain
 Resolution
                            15,231,682,383 votes or 96.3323428%       579,915,202 votes or 3.6676572% of         38,045,300 votes or 0.2406164% of
                            of all shares with valid voting rights    all shares with valid voting rights        all shares with valid voting rights
                            present in the Meeting.                   present at the Meeting.                    present at the Meeting.
                            1. Granted authority and power of attorney to Series A Dwiwarna Shareholders to determine the Tantiem for the
                               Fiscal Year 2021, as well as to determine the salaries/honorarium, allowances, facilities and other incentives, for
                               members of the Board of Commissioners for Fiscal Year 2022.
 Meeting Resolution         2. Granted authority and power of attorney to the Board of Commissioners by first obtaining written approval
                               from the Series A Dwiwarna Shareholders to determine the amount of Tantiem for 2021 Fiscal Year, as well as
                               determine the salaries/honorarium, allowances, facilities and other incentives, for members of the Board of
                               Directors for the Fiscal Year 2022.
 Follow Up                  Already Realized in 2022 Fiscal Year



                             Appointment of a Public Accounting Firm to Audit the Company's Consolidated Financial Statements
 Agenda IV                   and the Annual Report on the Implementation of Social and Environmental Responsibility Programs
                                                                  for the Fiscal Year 2022.
                                                                                    Voting Result
                                            Agree                                     Disagree                                   Abstain
 Resolution
                            15,385,834,360 votes or 97.3072726%       425,763,225 votes or 2.6927274% of         1,861,600 votes or 0.0117736% of
                            of all shares with valid voting rights    all shares with valid voting rights        all shares with valid voting rights
                            present at the Meeting.                   present at the Meeting.                    present at the Meeting.
                            1. Approved to appointment of the Tanudiredja, Wibisana, Rintis & Rekan Public Accounting Firm (member firm
                               of PwC global network), as the Public Accounting Firm that will audit the Company's Consolidated Financial
                               Statements, the Micro and Small Business Funding Program Report (PUMK), and other reports for the Fiscal Year
                               2022.
                            2. Granted power and authority to the Company's Board of Commissioners to determine the honorarium and other
 Meeting Resolution            requirements for the Public Accountant and/or Public Accounting Firm Tanudiredja, Wibisana, Rintis & Rekan
                               (member firm of PwC global network), and to dismiss and appoint a Public Accountant and/or Substitute Public
                               Accounting Office in the event that the appointed Public Accounting Office for any reason is unable to complete
                               the audit of the Company's Consolidated Financial Statements, the Micro and Small Business Funding Program
                               Report (PUMK) and other reports for the Fiscal Year 2022, including determining the honorarium and other
                               requirements for the Substitute Public Accountant and/ or Public Accounting Firm.
 Follow Up                  Already Realized in 2022 Fiscal Year



 Agenda V                                       Approval of the Company’s Acquisition of Shares in PT Bank Mayora.
                                                                                    Voting Result
                                            Agree                                     Disagree                                    Abstain
 Resolution
                            13,769,704,990 votes or 87.0861083%       2,041,892,595 votes or 12.9138917%         63,618,859 votes or 0.4023557% of
                            of all shares with valid voting rights    of all shares with valid voting rights     all shares with valid voting rights
                            present at the Meeting.                   present at the Meeting.                    present at the Meeting.
                            1. Approved the Company's action to take over the shares of PT Bank Mayora.
                            2. Approved the plan to take over shares of PT Bank Mayora, with a summary of the takeover plan announced
                               through the Bisnis Indonesia daily newspaper, The Jakarta Post daily newspaper, the Indonesian Stock Exchange
                               website and the Company website on January 22, 2022.
                            3. Approved the concept of the Deed of Acquisition by taking into account the applicable laws and regulations.
                            4. Approved and granted power and authority to the Company's Board of Directors, with right of substitution, to
                               take all actions required or deemed necessary in the context of carrying out the takeover by the Company of PT
 Meeting Resolution            Bank Mayora shares in accordance with the meeting resolution, including but not limited to:
                               a. Determine the terms and conditions for the takeover;
                               b. Prepare, compile, make, request, and sign the necessary documents including the Deed of Acquisition;
                               c. Submit the application, approval and/or deliver notification of the meeting resolution to the competent
                                  authorities;
                               d. Compile and restate the decisions of this Agenda in a Notary Deed;
                                  In accordance with applicable laws and regulations.
 Follow Up                  Already Realized in 2022 Fiscal Year




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        Agenda VI                   Approval of Transfer of Shares from the Buyback of Shares in 2021 held as Treasury Shares.
                                                                                    Voting Result
                                             Agree                                     Disagree                                 Abstain
        Resolution
                             13,681,715,077 votes or 86.5296186%        2,129,882,508 votes or 13.4703815%        53,791,300 votes or 0.3402016% of
                             of all shares with valid voting rights     of all shares with valid voting rights    all shares with valid voting rights
                             present in the Meeting.                    present at the Meeting.                   present at the Meeting.
                             1. Approved the transfer of 24,682,600 (twenty four million six hundred eighty two thousand six hundred) treasury
                                shares in the framework of the Share Ownership Program for Employees and/or Share Ownership Program for
                                Directors and Commissioners.
                             2. Approved and granted power and authority to implement the Share Ownership Program for Employees and/or
        Meeting Resolution      the Share Ownership Program for Directors and Commissioners, both from treasury stock and other sources to:
                                a. The Company’s Board of Directors, with the approval of the Series A Dwiwarna Shareholders, to carry out the
                                   Share Ownership Program for the Directors and Commissioners; and
                                b. The Company’s Board of Directors to carry out the Share Ownership Program for Employees; With due
                                   observance of the prevailing laws and regulations.
        Follow Up            Already Realized in 2022 Fiscal Year


                                                                  Confirmation of Enforcement:
                                 Minister of SOEs Regulation No. PER05/MBU/04/2021 concerning Social and Environmental
                                                                Responsibility Programs for SOEs;
                                Minister of SOEs Regulation No. PER11/MBU/07/2021 concerning Requirements, Procedures for
        Agenda VII
                                         Appointment and Dismissal of Members of the Board of Directors of SOEs; and
                               Minister of SOEs Regulation No. PER13/MBU/09/2021, as the Sixth Amendment to the Minister of
                              SOEs Regulation No. PER04/MBU/2014 concerning Guidelines for Determining the Remuneration the
                                          Board of Directors, Board of Commissioners and Supervisory Boards of SOEs
                                                                                    Voting Result
                                           Agree                                 Disagree                                    Abstain
        Resolution           15,804,377,385 votes or
                                                                    7,220,200 votes or 0.0456640% of      1,821,300 votes or 0.0115188% of all shares
                             99.9543361% of all shares with
                                                                    all shares with valid voting rights   with valid voting rights present at the
                             valid voting rights present at the
                                                                    present at the Meeting.               Meeting.
                             Meeting.
                             Agreed to confirm the enforcement of:
                             1. Minister of SOEs Regulation No. PER-05/MBU/04/2021 concerning the Social and Environmental Responsibility
                                Program for SOEs, including any future changes;
                             2. Minister of SOEs Regulation No. PER-11/MBU/07/2021 concerning Requirements, Procedures for Appointment
        Meeting Resolution
                                and Dismissal of Members of the Board of Directors of SOEs, including any future amendments; and
                             3. Minister of SOEs Regulation No. PER-13/MBU/09/2021, as the Sixth Amendment to the Minister of SOEs
                                Regulation No. PER04/MBU/2014 Concerning Guidelines for Determining remuneration for the Board of
                                Directors, Board of Commissioners and Supervisory Boards of SOEs, including any future amendments.
        Follow Up            Already Realized in 2022 Fiscal Year

      Results of Resoltions Made at the Extraordinary GMS held on August 31, 2022

                                         Resolutions of the Extraordinary GMS for Fiscal Year 2021
        Agenda I                             Presentation of the Company Performance up to Semester 1 2022 (Audited).

                             The first agenda item was a presentation of the Company's performance, there is no question and answer session
        Information
                             or submission of responses and no decision-making session.




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Capital & Risk Management        Good Corporate           Social & Environmental                  ESG                          Financial
          Practices               Governance                  Responsibility                   Commitment                     Statements




                                        Resolutions of the Extraordinary GMS for Fiscal Year 2021
 Agenda II                                            Changes in the Composition of the Company's Management
                                                                                     Voting Result
                                           Agree                                   Disagree                                       Abstain
 Resolution                 12,581,079,494 votes or              3,078,509,489 votes or
                                                                                                            233,624,724 votes or 1.4918956% of all
                            80.3410582% of all shares with       19.6589418% of all shares with
                                                                                                            shares with valid voting rights present at
                            valid voting rights present in the   valid voting rights present at the
                                                                                                            the Meeting.
                            Meeting.                             Rapa
                            Approved the Changes in the Company’s Management Composition, including:
                            1. Confirmed the dismissal with honor of Bob Tyasika Ananta as the Company’s Human Capital & Compliance
                               Director who was appointed based on the 2019 AGMS resolution for the 2019 Fiscal Year, dated May 27 2022,
                               with thanks for the contribution of energy and thoughts given while serving as a Member of the Company’s
                               Board of Directors.
                            2. Dismissed with honor the following members of the Company’s Board of Commissioners and Board of
                               Directors::
                               a. Ratih Nurdiati as Commissioner;
                               b. Henry Panjaitan as Managing Director Treasury and International, and
                               c. Y.B. Hariantono as Managing Director IT and Operations;
                                  Each of whom was appointed based on the 2018 Annual GMS Decision, the 2020 Extraordinary GMS
                                  Decision, and the 2019 Annual GMS Decision, starting from the closing of the Meeting, with thanks for the
                                  contribution of energy and thoughts given while serving as management of the Company.
                            3. Changed the nomenclature of positions of members of the Company's Board of Directors as follows
                             Previous                                                                               To Become
                             Managing Director Finance                                        Finance Director
                             Managing Director Risk Management                                Risk Management Director
                             Managing Director Treasury & International                       Treasury Director
                             Managing Director Consumer Business                              Consumer Banking Director
                             Managing Director MSME                                           Enterprise and Commercial Banking Director
                             Managing Director IT and Operationd                              Technology and Operations Director
                             Managing Director Human Capital and Compliance                   Human Capital and Compliance Director
                             Managing Director Institutional Banking                          Institutional BankingDirector
                             Managing Director Network and Services                           Network and Services Director
                             Managing Director Corporate Banking                              Corporate and International Banking Director

 Meeting Resolution
                            4. Transferred the assignments for the following names as members of the Company’s Board of Directors:
                             Name                                         Previous                                            To Become
                             Novita Widya Anggraini        Managing Director Finance                     Finance Director
                             David Pirzada                 Managing Director Risk Management             Risk Management Director
                                                           Managing Director Consumer
                             Corina Leyla Karnalies                                                      Consumer Banking Director
                                                           Business
                             Muhammad lqbal                Managing Director MSME                        Enterprise and Commercial Banking Director
                             Sis Apik Wijayanto            Managing Director Institutional Banking       Institutional Banking Director
                                                           Managing Director Network and
                             Ronny Venir                                                                 Network and Services Director
                                                           Services
                             Silvano Winston Rumantir      Managing Director Corporate Banking           Corporate and International Banking Director

                               Appointed based on the 2020 Extraordinary GMS Resolution, 2020 Extraordinary GMS Resolution, Fiscal Year
                               2019 Annual GMS Resolution, 2020 Extraordinary GMS Resolution, Fiscal Year 2019 Annual GMS Resolution,
                               2020 Extraordinary GMS Resolution, and 2020 Extraordinary GMS Resolution with their term of office
                               continuing for the remaining term of office of each, in accordance with the Resolution of the GMS for the
                               appointment concerned.

                            5. Appointed the following to the Management of the Company:
                               a. Fadlansyah Lubis as Commissioner;
                               b. Putrama W. Setyawan as Treasury Director;
                               c. Toto Prasetio as Technology and Operations Director;
                               d. Mucharom as Human Capital and Compliance Director.

                            6. The term of office of the appointed members of the Company’s Board of Commissioners and Board of Directors
                               as referred to in number 5, is in accordance with the provisions of the Company’s Articles of Association, with
                               due observance of laws and regulations in the Capital Market sector and without prejudice to the right of the
                               GMS to dismiss them at any time




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                                        Resolutions of the Extraordinary GMS for Fiscal Year 2021
        Agenda II                                   Changes in the Composition of the Company's Management
                             7. With the dismissal and appointment of members of the Company’s Board of Commissioners as referred to in
                                number 2 and number 5, as well as the confirmation of dismissal, dismissal, change in position nomenclature,
                                transfer of duties, and appointment of members of the Company’s Board of Directors as referred to in numbers
                                1, 2, 3, 4, and 5, the members composition of the Company’s Board of Commissioners and Board of Directors is
                                as follows:
                                Board of Commissioners
                                a. President Commissioner/Independent Commissioner		           : Agus Dermawan Wintarto Martowardojo
                                b. Vice President Commissioner/Independent Commissioner : Pradjoto
                                c. Commissioner		                                              : Askolani
                                d. Commissioner		                                              : Susyanto
                                e. Commissioner		                                              : Fadlansyah Lubis
                                f. Independent Commissioner		                                  : Erwin Rijanto Slamet
                                g. Independent Commissioner		                                  : Sigit Widyawan
                                h. Independent Commissioner		                                  : Asmawi Syam
                                i. Independent Commissioner		                                  : Septian Hario Seto
                                j. Independent Commissioner		                                  : Iman Sugema

                                Board of Directors
                                a. President Director		                           : Royke Tumilaar
                                b. Vice President Director		                      : Adi Sulistyowati
                                c. Corporate and International Banking Director		 : Silvano Winston Rumantir
                                d. Consumer Banking Director		                    : Corina Leyla Karnalies
                                e. Enterprise and Commercial Banking Director		   : Muhammad lqbal
                                f. Finance Director		                             : Novita Widya Anggraini
                                g. Risk Management Director		                     : David Pirzada
        Keputusan Rapat         h. Institutional Banking Director		               : Sis Apik Wijayanto
                                i. Network and Services Director		                : Ronny Venir
                                j. Treasury Director		                            : Putrama W. Setyawan
                                k. Technology and Operations Director		           : Toto Prasetio
                                l. Human Capital and Compliance Director		        : Mucharom

                             8. Members of the Company’s Board of Commissioners and Board of Directors who were appointed as referred to
                                in number 5, can only carry out their duties as members of the Company’s Board of Commissioners and Board
                                of Directors after obtaining approval from OJK for their Fit and Proper Test, and comply with the prevailing
                                laws and regulations. In the event that any members of the Company’s Board of Commissioners and Board of
                                Directors are later disapproved in the OJK Fit and Proper Test, they shall be honorably dismissed from the date
                                of the OJK’s Fit and Proper Test results.

                             9. Members of the Company’s Board of Commissioners and Board of Directors appointed as referred to in number
                                5 who are still serving in other positions that are prohibited by laws and regulations from concurrently serving
                                as a Member of a State-Owned Enterprise Board of Commissioners and Board of Directors, then the person
                                concerned must resign or be dismissed from their other position.

                             10. Requested members of the Company’s Board of Commissioners and Board of Directors to submit a written
                                 application to OJK for the implementation of a Fit and Proper Test for the appointed members of the Company’s
                                 Board of Commissioners and Board of Directors as referred to in number 5.

                             11. Granted power of attorney with the right of substitution to the Company’s Board of Directors to declare this
                                 GMS resolution in a Notary Deed and to appear before a Notary or authorized official and make necessary
                                 adjustments or improvements if required by them for the purpose of implementing the Meeting’s resolutions.


        Follow Up            Already Realized in 2022 Fiscal Year




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Capital & Risk Management   Good Corporate        Social & Environmental               ESG                       Financial
          Practices          Governance               Responsibility                Commitment                  Statements




                                                                            Board Of Directors




            The Board of Directors is a Company organs that has duties, responsibilities and authority for the
            administration and management of the Bank, ensuring that the Company's business activities
            can run well, and is tasked with being the Company's representative, both inside and outside the
            court in accordance with the provisions of the Articles of Association.




In carrying out its duties, the Board of Directors is expected             These guidelines regulate the Legal Basis, Structure,
to provide full commitment, attention and dedication to                    Requirements, Duties, Authorities and Responsibilities
the implementation of their duties, obligations and the                    of the Board of Directors, Appointment and Dismissal of
achievement of Bank BNI's objectives. In addition, all                     Members of the Board of Directors, Term of Office of the
members of the Board of Directors are expected to comply                   Board of Directors, Establishment of Committees under the
with the Articles of Association, statutory regulations,                   Board of Directors, Board of Directors Meetings and Joint
and apply principles such as professionalism, efficiency,                  Meetings with the Board of Commissioners, WorkingTime
transparency, independence, accountability, responsibility                 of the Board of Directors, Company Values, Work Ethics of
and fairness in carrying out their duties. Each member of                  the Board of Directors, Transparency, and Reporting and
the Board of Directors is expected to carry out their duties               Responsibility.
and responsibilities in good faith, with full responsibility and
caution, in accordance with applicable statutory provisions.               BOARD OF DIRECTORS' CRITERIA

LEGAL BASIS                                                                Those who can be appointed as members of the Board of
                                                                           Directors are individuals who are capable of carrying out
Based on Law No. 40 of 2007 concerning Limited Liability                   legal actions and meet the following requirements:
Companies as amended by Law No. 6 of 2023 concerning                       1. Integrity, at least including:
Stipulation of Government Regulations in Lieu of Law No.                       a. Proficient in performing legal actions in the 5 (five)
2 of 2022 concerning Job Creation becomes law and the                              years before appointment and during their term
Board of Commissioners of an Issuer or Public Company,                             of office:
the Board of Directors have full authority and responsibility                      • Has never been declared bankrupt; or
for the Company and represent the Company, both inside                             • Has never been a member of the Board of Directors
and outside the court in accordance with the provisions of                           or a member of the Board of Commissioners
the Articles of Association.                                                         found guilty of causing a company to be declared
                                                                                     bankrupt based on a court decision.
BOARD OF DIRECTORS’ GUIDELINES                                                 b. Has good character and morals;
AND WORK CONDUCT                                                               c. Has the commitment to comply with prevailing laws
                                                                                   and regulations;
In carrying out its duties and responsibilities, the Board                     d. Has the commitment to develop sound Bank
of Directors has Working and Conduct Guidelines ratified                           operations;
through BNI Directors Decree No. KP/228/DIR/R dated 29                         e. Has not been included in the list of those failing to
June 2018.                                                                         pass the fit and proper test;
                                                                               f. Has a commitment to not take and/or repeat
                                                                                   certain actions and/or actions, for candidates for
                                                                                   members of the Board of Directors or candidates
                                                                                   for members of the Board of Commissioners who
                                                                                   have not passed the fit and proper test and have
                                                                                   undergone sanctions;
                                                                           2. Competencies, at least including
                                                                               a. Sufficient knowledge in banking relevant to the
                                                                                   position;
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         b. Has the experience and expertise in banking and/                    BOARD OF DIRECTORS' TERM OF OFFICE
             or finance; and
         c. The ability to carry out strategic management in                    The Board of Directors term of office is at most 2 (two)
             the context of developing the company and its                      consecutive periods, with the following conditions:
             subsidiaries.                                                      1. The Board of Directors members are appointed for a
      3. Has a good financial reputation with bad loans;                           period commencing from the date determined by the
      4. Complies with the laws and regulations in the field of                    GMS that appoints them and ends at the closing of the
         Banking, Capital Market, other laws and regulations                       5 (fifth) Annual GMS after the date of appointment on
         and the Company’s Articles of Association;                                condition that it should not exceed a period of 5 (five)
      5. Between fellow members of the Board of Directors,                         years, by observing the laws and regulations in the
         and between members of the Board of Directors                             Capital Market sector, but without reducing the right
         and members of the Board of Commissioners, it is                          of the GMS to dismiss at any time any members of the
         prohibited to have blood relationship up to the third                     Board of Directors before their term of office ends; and
         degree either in a straight line or a sideways line or an              2. Dismissal is effective from the closing of the GMS,
         affair (son-in-law or brother-in-law).                                    unless otherwise determined by the GMS.

      BOARD OF DIRECTORS’ NUMBER AND COMPOSITION IN 2023

      In 2023, the number and composition of the Board of Directors has not changed in the nomenclature of the Board of
      Directors based on which was approved at the 2023 Extraordinary GMS held on March 15, 2023. The composition and
      nomenclature of the BNI Board of Directors throughout 2023 are as follows:

      Period January 1, 2023 – March 15, 2023
      For the period January 1 – March 15, 2023, the Board of Directors totaled 12 (twelve) people consisting of 1 (one) President
      Director, 1 (one) Vice President Director, and 10 (ten) Directors.

                                 Board of Directors Composition for the Period January 1 – March 15, 2023
        Name                       Position                               Domicile             Date of Appointment             Effective Date
        Royke Tumilaar             President Director                      Jakarta         September 2, 2020              November 19, 2020
                                                                                           •    March 17, 2015            •   May 22, 2015
                                                                                                (Appointed
                                                                                                Institutional Relations
                                                                                                Director)
        Adi Sulistyowati           Vice President Director                 Jakarta
                                                                                           •    September 2, 2020         •   November 6, 2020
                                                                                                (Transfer to become
                                                                                                Vice President
                                                                                                Director
        Novita Widya Anggraini     Finance Director                        Jakarta         September 2, 2020              November 19, 2020
                                   Consumer Banking
        Corina Leyla Karnalies                                             Jakarta         February 20, 2020              June 26, 2020
                                   Director
                                   Institutional Banking
        Sis Apik Wijayanto                                                 Jakarta         February 20, 2020              June 26, 2020
                                   Director
                                   Risk Management
        David Pirzada                                                      Jakarta         September 2, 2020              December 1, 2020
                                   Director
        Silvano Winston            Corporate & International
                                                                           Jakarta         September 2, 2020              December 1, 2020
        Rumantir                   Banking Director
                                   Network & Services
        Ronny Venir                                                        Jakarta         September 2, 2020              November 6, 2020
                                   Director
                                   Enterprise & Commercial
        Muhammad Iqbal                                                     Jakarta         September 2, 2020              November 19, 2020
                                   Banking Director
        Putrama Wahju Setyawan     Treasury Director                       Jakarta         August 31, 2022                December 23, 2022
                                   Human Capital &
        Mucharom                                                           Jakarta         August 31, 2022                January 6, 2023
                                   Compliance Director
                                   Technology and
        Toto Prasetio                                                      Jakarta         August 31, 2022                January 31, 2023
                                   Operations Director




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Period March 15 - December 31, 2023
In the period 15 March 2023 – 31 December 2023 there was a change in the Nomenclature of the Board of Directors based
on the resolution of the 2023 Annual GMS on 15 March 2023. The structure and composition of the Board of Directors
with the new nomenclature is as follows:

                            Board of Directors Composition for the Period March 15 - December 31, 2023
 Name                          Position                           Domicile                   Date of Appointment                     Effective Date
 Royke Tumilaar                President Director                    Jakarta           September 2, 2020                        November 19, 2020
                                                                                       •   March 17, 2015 (Appointed            •    May 22, 2015
                                                                                           Institutional Relations Director)
 Adi Sulistyowati              Vice President Director               Jakarta           •   September 2, 2020 (Transfer to
                                                                                           become Vice President Director
                                                                                                                                •    November 6, 2020
 Novita Widya Anggraini        Finance Director                      Jakarta           September 2, 2020                        November 19, 2020
                               Digital and Integrated
 Corina Leyla Karnalies        Transaction Banking                   Jakarta           February 20, 2020                        June 26, 2020
                               Director
                               Enterprise and
 Sis Apik Wijayanto            Commercial Banking                    Jakarta           February 20, 2020                        June 26, 2020
                               Director
                               Risk Management
 David Pirzada                                                       Jakarta           September 2, 2020                        December 1, 2020
                               Director
                               Wholesale and
 Silvano Winston
                               International Banking                 Jakarta           September 2, 2020                        December 1, 2020
 Rumantir
                               Director
                               Network & Services
 Ronny Venir                                                         Jakarta           September 2, 2020                        November 6, 2020
                               Director
                               Institutional Banking
 Muhammad Iqbal                                                      Jakarta           September 2, 2020                        November 19, 2020
                               Director
 Putrama Wahju Setyawan        Direktur Retail Banking               Jakarta           August 31, 2022                          December 23, 2022
                               Human Capital and
 Mucharom                                                            Jakarta           August 31, 2022                          January 6, 2023
                               Compliance Director
                               Human Capital and
 Toto Prasetio                                                       Jakarta           August 31, 2022                          January 31, 2023
                               Compliance Director



BASIS FOR THE MEMBERS’ APPOINTMENT TO THE BOARD OF DIRECTORS

Members of the Board of Directors are appointed and dismissed by the GMS based on the Company’s Articles of Association
Article 11 paragraph (10). The appointment of each member of the Board of Directors was as follows.

 No.    Name                                                   Position                                     Basis for Appointment
1       Royke Tumilaar                            President Director                       EGMS decision dated September 2, 2020
                                                                                           At the Annual GMS on March 17, 2015 was dismissed
                                                                                           and reappointed as Services and Network Director at the
2       Adi Sulistyowati                          Vice President Director                  Annual GMS on February 20, 2020, and then transferred
                                                                                           to be Vice President Director at the Extraordinary GMS
                                                                                           on September 2, 2020
3       Novita Widya Anggraini                    Finance Director                         EGMS dated September 2, 2020
                                                  Digital and Integrated Transaction
4       Corina Leyla Karnalies                                                             AGMS decision dated February 20, 2020
                                                  Banking Director
                                                  Enterprise and Commercial
5       Sis Apik Wijayanto                                                                 EGMS dated February 20, 2020
                                                  Banking Director
6       David Pirzada                             Risk Management Director                 EGMS dated September 2, 2020
                                                  Wholesale & International Banking
7       Silvano Winston Rumantir                                                           EGMS dated September 2, 2020
                                                  Director
8       Ronny Venir                               Network & Services Director              EGMS dated September 2, 2020
9       Muhammad Iqbal                            Institutional Banking Director           EGMS dated September 2, 2020
10      Putrama Wahju Setyawan                    Retail Banking Director                  EGMS dated August 31, 2020
                                                  Human Capital and Compliance
11      Mucharom                                                                           EGMS dated August 31, 2020
                                                  Director
                                                  Technology and Operations
12      Toto Prasetio                                                                      EGMS dated August 31, 2020
                                                  Director


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      BOARD OF DIRECTORS’ DISMISSAL                                     a. Such temporary dismissal shall be notified in writing
      AND RESIGNATION MECHANISM                                            to the concerned member of the Board of Directors
                                                                           together with the reasons causing such action with
      The mechanism for the Board of Directors dismissal                   a copy to the Board of Directors;
      and resignation is stipulated in the Company’s Articles           b. The notification as referred to in item 8 letter a shall
      of Association, which refers to OJK Regulation No. 33/               be delivered no later than 2 (two) business days
      POJK.04/2014 and OJK Regulation No. 15/POJK.04/2020,                 after the determination of such temporary dismissal;
      stating that:                                                     c. The temporarily dismissed member of the
      1. The GMS may dismiss members of the Board of                       Board of Directors is not authorized to perform
          Directors at any time by stating the reasons.                    Company management in the Company’s interest
      2. The reasons for dismissing a member of the Board of               in accordance with the Company’s purposes and
          Directors is based on fact that the concerned member             objectives nor represent the Company, either inside
          of the Board of Directors:                                       or outside court;
          a. Did not perform/under performed in fulfilling              d. Within a period of no later than 90 (ninety) days
              the obligations agreed upon in the management                after such temporary dismissal, the Board of
              contract.                                                    Commissioners shall convene a GMS to withdraw
          b. Did not perform their duties properly.                        or enforce such temporary dismissal resolution;
          c. Violated the provisions of Articles of Association         e. In the event that the time period to convene the
              and/or laws and regulations.                                 GMS as referred to in item 8 letter d has passed
          d. Engaged in actions that harmed the Company and/               or the GMS cannot adopt a resolution, then such
              or the State                                                 temporary dismissal shall become void
          e. Committed actions that violated ethics and/                f. The limitation of authority in item 8 letter c shall be
              or properness that must be upheld as Board of                effective from the decision of temporary dismissal
              Directors.                                                   by the Board of Commissioners until:
          f. Convicted by a Court decision that has permanent           g. There is a GMS decision confirming or revoking the
              legal force.                                                 temporary dismissal in item 8 letter d; or
          g. Resigned.                                                  h. The time period in item 8 letter d has passed.
          h. Other reasons considered appropriate by the GMS            i. In the GMS as referred to in item 8 letter d, the
              in the interests and objectives of the Company.              related members of the Board of Directors are given
      3. A decision for dismissal shall be made after the related          an opportunity to defend themselves.
          person has had the opportunity to defend themself,            j. Such temporary dismissals cannot be extended or
          except for reasons as referred to in item 2 letter f and g.      reestablished for the same reasons, in the event
      4. Dismissal for reasons as referred to in item 2, letter d          that such temporary dismissal is declared void as
          and f shall constitute dishonorable dismissal.                   referred to in item 8 letter e.
      5. A member of the Board of Directors may resign from             k. In the event that the GMS cancels a temporary
          their post before their term of office expires. In this          dismissal or there are circumstances as referred
          matter, the member of the Board of Directors who                 to in item 8 letter e, then the related member of
          resigns must submit a resignation request to the                 the Board of Directors must resume their duties
          Company.                                                         properly.
      6. BNI must convene a GMS to resolve the resignation              l. In the event that the GMS reaffirms the temporary
          proposal of members of the Board of Commissioners                dismissal resolution, then the related member of the
          no longer than 90 (ninety) days after receipt of the             Board of Directors shall be dismissed going forward.
          resignation letter.                                           m. In the event that the temporary dismissed member
      7. Members of the Board of Directors who resign before or            of the Board of Directors is not present at the
          after their term of office ends, unless due to death, the        GMS after being summoned in writing, then the
          person concerned shall still be responsible to submit            temporary dismissed member of the Board of
          accountability for actions not yet received by the GMS.          Directors shall be deemed not to have exercised
      8. Members of Board of Directors may be dismissed                    their right to defend themself in the GMS and has
          temporarily by the Board of Commissioners by stating             accepted the GMS resolution.
          the reasons in the event that such a member acts in
          contrary to the Articles of Association or there is an
          indication of doing an action that harms the Company
          or is neglect in performing obligations or there are
          compelling reasons for the Company by considering
          the following provisions:




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FIT AND PROPER TEST

The appointment of members of the Board of Directors is effective after obtaining approval from the Financial Services
Authority on the Fit and ProperTest in accordance with Financial Services Authority Regulation Number 27/ POJK.03/2016
concerning the Fit and Proper Test for Primary Parties of Financial Services Institutions, and compliance with prevailing
laws and regulations. In order to participate in the Fit and Proper Test process, the Company submits an application for
approval of its Board of Directors candidates to the Financial Services Authority.

                                                             Fit and Proper Test
 No.      Name                                   Position                      Organizer             Effective Date Based on OJK Letter
 1        Royke Tumilaar               President Director                 Otoritas Jasa Keuangan                November 19, 2020
 2        Adi Sulistyowati             Vice President Director            Otoritas Jasa Keuangan                 November 6, 2020
 3        Novita Widya Anggraini       Finance Director                   Otoritas Jasa Keuangan                November 19, 2020
                                       Digital and Integrated
 4        Corina Leyla Karnalies                                          Otoritas Jasa Keuangan                   June 30, 2020
                                       Transaction Banking Director
                                       Enterprise and Commercial
 5        Sis Apik Wijayanto                                              Otoritas Jasa Keuangan                   June 30, 2020
                                       Banking Director
 6        David Pirzada                Risk Management Director           Otoritas Jasa Keuangan                 December 1, 2020
                                       Wholesale & International
 7        Silvano Winston Rumantir                                        Otoritas Jasa Keuangan                 December 1, 2020
                                       Banking Director
 8        Ronny Venir                  Network & Services Director        Otoritas Jasa Keuangan                 November 6, 2020
 9        Muhammad Iqbal               Institutional Banking Director     Otoritas Jasa Keuangan                November 19, 2020
 10       Putrama Wahju Setyawan       Direktur Retail Banking            Otoritas Jasa Keuangan                December 23, 2023
                                       Human Capital and
 11       Mucharom                                                        Otoritas Jasa Keuangan                  January 6 , 2023
                                       Compliance Director
                                       Technology and Operations
 12       Toto Prasetio                                                   Otoritas Jasa Keuangan                 January 31 , 2023
                                       Director



BOARD OF DIRECTORS DUTIES AND RESPONSIBILITIES

The Board of Directors is tasked with carrying out all activities related to the management of and is responsible for the
management of BNI for the benefit of the Company in accordance with the aims and objectives of the Company and
represents the Company both inside and outside the court on all matters and events with restrictions as stipulated in
the laws and regulations. invitation, Articles of Association and/or Resolution of the GMS.

DUTIES AND RESPONSIBILITIES OF EACH MEMBER OF THE BOARD OF DIRECTORS

The division of duties of the Board of Directors is regulated in the Board of Directors' Decree regarding Organizational
Structuring. In the period January 1, 2023 to March 15, 2023, the division of duties of the Board of Directors is regulated
based on the Board of Directors' Decree Number KP/395/DIR/R dated 30 September 2022. Meanwhile, after changes were
made to the nomenclature of the Board of Directors based on the decision of the 2022 Annual GMS which was held on
March 15, 2023, then for the period March 15, 2023 to December 31, 2023, the division of duties of the Board of Directors
is regulated based on Board of Directors' Decree Number KP/132/DIR/R dated April 6, 2023. Information on the division
of duties and responsibilities of each member of the Board of Directors as of December 31, 2023 was presented in the
Organizational Structure on page 88-89.




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               Distribution of Duties and Responsibilities of the Board of Directors for the period January 1 – March 15, 2023
        No.       Name                                         Position                     Direct Supervision of Directorates/Divisions
                                                                                       Directorate/SEVP:
                                                                                       • Vice President Director
                                                                                       • Corporate & International Banking Directorate
                                                                                       • Treasury Directorate
                                                                                       • Enterprise & Commercial Banking Directorate
                                                                                       • Institutional Banking Directorate
                                                                                       • Finance Directorate
                                                                                       • Human Capital & Compliance Directorate
                                                                                       • Network & Services Directorate
         1.      Royke Tumilaar                    President Director
                                                                                       • SEVP Corporate Transformation

                                                                                       Division/Unit:
                                                                                       Internal Audit Unit

                                                                                       SEVP Corporate Transformation directly supervises
                                                                                       Divisions/Units:
                                                                                       • Corporate Development & Transformation Division
                                                                                       • Strategic Projects
                                                                                       Directorates/SEVP:
                                                                                       • Consumer Banking Directorate
                                                                                       • Risk Management Directorate
                                                                                       • Technology & Operations Directorate
         2.      Adi Sulistyowati                  Vice President Director             • SEVP Digital Business

                                                                                       SEVP Digital Business directly supervises Divisions/Units:
                                                                                       • Wholesale Solutions Division
                                                                                       • Retail Solutions Division
                                                                                       Division/Unit:
                                                                                       • Corporate Planning & Accounting Division
                                                                                       • Procurement & Fixed Assets Division
         3.      Novita Widya Anggraini            Finance Director                    • Investor Relations Division
                                                                                       • Subsidiaries Development Division
                                                                                       • Data & Management Analytics Division
                                                                                       • Office of Chief Economist Division
                                                                                       Division/Unit:
                                                                                       • Consumer Products Division
         4.      Corina Leyla Karnalies            Consumer Banking Director           • Business Card Division
                                                                                       • Wealth Management Division
                                                                                       • Marketing Communication Division
                                                                                       Division/Unit:
                                                                                       • Enterprise Banking Division
         5.      Sis Apik Wijayanto                Director of Institutional Banking   • Commercial Banking 1 Division
                                                                                       • Commercial Banking 2 Division
                                                                                       • Senior Business Executive
                                                                                       Directorate/SEVP:
                                                                                       • SEVP Remedial & Recovery

                                                                                       Division/Unit:
                                                                                       • Corporate & Enterprise Credit Risk Division
                                                                                       • Commercial & SME Credit Risk Division
         6.      David Pirzada                     Risk Management Director            • Consumer Loan Processing & Collection Division
                                                                                       • Enterprise Risk Management Division

                                                                                       SEVP Remedial & Recovery directly supervises Divisions/
                                                                                       Units:
                                                                                       • Corporate & Enterprise Remedial & Recovery Division
                                                                                       • Commercial & SME Remedial & Recovery Division
                                                                                       Division/Unit:
                                                                                       • Corporate Banking 1 Division
                                                   Director of Corporate and           • Corporate Banking 2 Division
          7.     Silvano Winston Rumantir
                                                   International Banking               • Corporate Banking 3 Division
                                                                                       • Syndication & Corporate Solutions Division
                                                                                       • International Division
                                                                                       Division/Unit:
                                                                                       • Channel Management Division
                                                                                       • Sales Distribution Division
         8.      Ronny Venir                       Network & Services Director
                                                                                       • Service Quality Division
                                                                                       • BNI Contact Center Division
                                                                                       • Regional Offices 01-17
                                                                                       Division/Unit:
                                                   Director of Enterprise &            • Enterprise Banking Division
         9.      Muhammad Iqbal
                                                   Commercial Banking                  • Commercial Banking Division
                                                                                       • SME Banking Division


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        Distribution of Duties and Responsibilities of the Board of Directors for the period January 1 – March 15, 2023
 No.       Name                                                         Position                           Direct Supervision of Directorates/Divisions
                                                                                                     Directorate/SEVP:
                                                                                                     SEVP Treasury

                                                                                                     Division/Unit:
  10.     Putrama Wahju Setyawan                         Treasury Director
                                                                                                     Pension Fund Division

                                                                                                     SEVP Digital Business directly supervises Divisions/Units:
                                                                                                     Treasury Division
                                                                                                     Division/Unit:
                                                                                                     • Human Capital Strategy Division
                                                                                                     • Human Capital Services Division
                                                         Human Capital and Compliance                • BNI Corporate University Division
  11.     Mucharom
                                                         Director                                    • Compliance Division
                                                                                                     • Legal Division
                                                                                                     • Policy Governance Division
                                                                                                     • Anti Fraud Unit
                                                                                                     Directorates/SEVP:
                                                                                                     SEVP Operation

                                                                                                     Division/Unit:
                                                                                                     • IT Strategy & Architecture Division
                                                                                                     • IT Development Division
                                                         Technology and Operations                   • Digital Development Division
  12.     Toto Prasetio
                                                         Director                                    • IT Operations Division
                                                                                                     • Information Security Division

                                                                                                     SEVP Operations directly supervises Divisions/Units:
                                                                                                     • Banking Operations Division
                                                                                                     • Digital Operations Division
                                                                                                     • Credit Operations Division



Changes in the Nomenclature of Positions of Members of the Board of Directors based on the Decision of the Annual
                              GMS for the 2022 Fiscal Year held on March 15, 2023
 No.       Original Position                                                                                        Position After Change
   1      Treasury Director                                                             Retail Banking Director
   2      Consumer Banking Director                                                     Digital and Integrated Transaction Banking Director
   3      Corporate and International Banking Director                                  Wholesale and International Banking Director



In the GMS it was also decided to transfer the assignment of members of the Board of Directors as follows:

                                          Transfer of assignment for members of the Board of Directors
 No.       Name                                                         Previously Served                                         Currently Serving
   1      Putrama W. Setyawan                                 Treasury Director                              Retail Banking Director
   2      Corina Leyla Karnalies                              Consumer Banking Director                      Digital and Integrated Transaction Banking Director
                                                              Corporate and
   3      Silvano Winston Rumantir                                                                           Wholesale and International Banking Director
                                                              International Banking Director
                                                              Enterprise and Commercial Banking
   4      Muhammad Iqbal                                                                        Institutional Banking Director
                                                              Director
   5      Sis Apik Wijayanto                                  Institutional Banking Director                 Enterprise and Commercial Banking Director
 Description: With the term of office continuing the remaining term of office in accordance with the decision of the relevant appointment assembly.




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      With the transfer of the Board of Directors members’ duties, the division of the duties and authority of the Board of
      Directors became as follows:

                Board of Directors’ Division of Duties and Responsibilities for the period March 15 - December 31, 2023
        No.         Name                                     Position                    Direct Supervision of Directorates/Divisions
                                                                                   Directorate/SEVP:
                                                                                   1. Vice President Director
                                                                                   2. Wholesale & International Banking Director
                                                                                   3. Enterprise & Commercial Banking Director
                                                                                   4. Institutional Banking Director
                                                                                   5. Network & Services Director
                                                                                   6. Human Capital & Compliance Director
                                                                                   7. Finance Director
        1           Royke Tumilaar                  President Director             8. SEVP Corporate Development & Transformation

                                                                                   Division/Unit/Functional Unit:
                                                                                   1. Internal Audit Unit
                                                                                   2. Corporate Secretary Division

                                                                                   SEVP Corporate Development & Transformation directly
                                                                                   supervises Divisions/Units/Functional Units:
                                                                                   1. Corporate Development & Transformation Division
                                                                                   2. Strategic Projects
                                                                                   Directorate/SEVP:
                                                                                   1. Retail Banking Director
        2           Adi Sulistyowati                Vice President Director        2. Risk Management Director
                                                                                   3. Technology & Operations Director
                                                                                   4. Digital & Integrated Transactions Banking Director
                                                                                   Division/Unit/Functional Unit:
                                                                                   1. Corporate Planning & Performance Management Division
                                                                                   2. Accounting Division
                                                                                   3. Procurement & Fixed Assets Division
        3           Novita Widya Anggraini          Finance Director
                                                                                   4. Investor Relations Division
                                                                                   5. Subsidiaries Management Division
                                                                                   6. Office of Chief Economist Division
                                                                                   7. Data Management & Analytics Division
                                                                                   Directorate/SEVP
                                                                                   SEVP Retail Digital Solutions

                                                                                   Division/Unit/Functional Unit:
                                                                                   1. Wholesale Transaction Product & Partnership Division
                                                    Digital and Integrated         2. Wholesale Digital Channel Division
        4           Corina Leyla Karnalies
                                                    Transaction Banking Director   3. Marketing Communications Division

                                                                                   SEVP Retail Digital Solutions directly supervises Divisions/
                                                                                   Units/Functional Units:
                                                                                   1. Retail Digital Product & Partnership Division
                                                                                   2. Retail Digital Channel Division
                                                                                   Division/Unit/Functional Unit:
                                                                                   1. Enterprise Banking Division
                                                    Enterprise and Commercial
        5           Sis Apik Wijayanto                                             2. Commercial Banking 1 Division
                                                    Banking Director
                                                                                   3. Commercial Banking 2 Division
                                                                                   4. Senior Business Executive




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          Board of Directors’ Division of Duties and Responsibilities for the period March 15 - December 31, 2023
 No.      Name                                         Position                    Direct Supervision of Directorates/Divisions
                                                                             Directorate/SEVP
                                                                             1. SEVP Credit Risk
                                                                             2. SEVP Remedial & Recovery

                                                                             Division/Unit/Functional Unit:
                                                                             1. Enterprise Risk Management Division
                                                                             2. Operational Risk Management Division
                                                                             3. Retail Credit Risk Division
                                                                             4. Anti Fraud Unit
                                                                             5. Senior Credit Risk Executive
 6        David Pirzada                      Risk Management Director
                                                                             SEVP Credit Risk directly supervises Divisions/Units/Functional
                                                                             Units:
                                                                             1. Corporate & Enterprise Credit Risk Division
                                                                             2. Commercial Credit Risk Division

                                                                             SEVP Remedial & Recovery directly supervises Divisions/
                                                                             Units/Functional Units:
                                                                             1. Corporate Remedial & Recovery Division
                                                                             2. Enterprise & Commercial Remedial & Recovery Division
                                                                             3. Retail Collection & Recovery Division
                                                                             Directorate/SEVP:
                                                                             1. SEVP Corporate Banking
                                                                             2. SEVP Treasury

                                                                             Division/Unit:
                                                                             1. Corporate Banking 1 Division
                                                                             2. Corporate Banking 2 Division
                                                                             3. Syndication & Structured Finance Division
                                                                             4. International Banking & Financial Institutions Division
                                             Wholesale and International     5. Senior Business Executive
 7        Silvano Winston Rumantir
                                             Banking Director                6. SORX Wholesale Banking
                                                                             7. Overseas Branch

                                                                             SEVP Corporate Banking directly supervises Divisions/Units/
                                                                             Functional Units:
                                                                             1. Corporate Banking 3 Division
                                                                             2. Corporate Banking 4 Division

                                                                             SEVP Treasury directly supervises Divisions/Units/Functional
                                                                             Units:
                                                                             Treasury Division
                                                                             Division/Unit/Functional Unit:
                                                                             1. Distribution Network & Sales Division
                                             Network and Services            2. Agent Division 46
 8        Ronny Venir
                                             Director                        3. Customer Experience Center Division
                                                                             4. SORX Network & Services
                                                                             5. Regional Offices 01-17
                                                                             Division/Unit/Functional Unit:
                                             Institutional Banking           1. Institutional Banking 1 Division
 9        Muhammad Iqbal
                                             Director                        2. Institutional Banking 2 Division
                                                                             3. Pension Fund Division
                                                                             Directorate/SEVP:
                                                                             SEVP Wealth Management

                                                                             Division/Unit/Functional Unit:
                                                                             1. Consumer Segment Division
                                                                             2. Consumer Products Division
                                                                             3. Business Card Division
 10       Putrama Wahju Setyawan             Retail Banking Director
                                                                             4. Retail Productive Banking Division
                                                                             5. Business Program Division
                                                                             6. SORX Consumer Banking & Corporate Function

                                                                             SEVP Wealth Management directly supervises Divisions/Units/
                                                                             Functional Units:
                                                                             Wealth Management Division




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                Board of Directors’ Division of Duties and Responsibilities for the period March 15 - December 31, 2023
        No.         Name                                  Position                 Direct Supervision of Directorates/Divisions
                                                                             Division/Unit/Functional Unit:
                                                                             1. Human Capital Strategy Division
                                                                             2. Human Capital Services Division
                                                 Human Capital and           3. BNI University Division
        11          Mucharom
                                                 Compliance Director         4. Compliance Division
                                                                             5. Legal Division
                                                                             6. Policy Governance Division
                                                                             7. HC Business Partner
                                                                             Directorate/SEVP:
                                                                             1. SEVP Information Technology
                                                                             2. SEVP Operations

                                                                             Division/Unit/Functional Unit:
                                                                             1. IT Strategy & Architecture Division
                                                                             2. CISO Division
                                                                             3. Operations Strategy & Development Division
                                                                             4. SORX Technology, Digital, & Operations

                                                                             SEVP Information Technology directly supervises Divisions/
                                                 Direktur Technology &       Units/Functional Units:
        12          Toto Prasetio
                                                 Operations
                                                                             1. Wholesale Digital Delivery Division
                                                                             2. Retail Digital Delivery Division
                                                                             3. Application Development Division
                                                                             4. IT Application Services Division
                                                                             5. IT Infrastructure Management Division

                                                                             SEVP Operations directly supervises Divisions/Units/
                                                                             Functional Units:
                                                                             1. Banking Operations Division
                                                                             2. Digital Operations Division
                                                                             3. Credit Operations Division


      BOARD OF DIRECTORS AUTHORITIES

      The Board of Directors has the following authorities:              6. Write off bad debts with the provisions as stipulated in the
      1. Establish policies deemed appropriate for the management           Articles of Association and which are then reported to the
         of the Company.                                                    Board of Commissioners, then reported and accounted for
      2. Regulate the transfer of the powers of the Board of Directors      in the Annual Report;
         to represent the Company inside and outside of the Court        7. Not collect any more part or all of the receivables beyond
         to a person or several members of the Board of Directors           the principal amount carried out in the context of credit
         specifically appointed for this purpose or to a person or          restructuring and/or settlement, but with the obligation
         several employees of the Company, either individually or           to report to the Board of Commissioners, the reporting
         jointly or to another person or body;                              provisions and procedures are determined by the Board of
      3. Regulate provisions regarding the Company's personnel              Commissioners; And
         including determining salaries, pensions or old age security,   8. Carry out all actions and other actions regarding the
         production services and other income for the Company based         management and ownership of the Company's assets,
         on applicable laws and regulations;                                binding the Company with other parties and/or other
      4. Appoint, reward or sanction and dismiss Company                    parties with the Company, with restrictions as regulated
         employees based on the Company's personnel regulations             in the statutory regulations, Articles of Association and/or
         and applicable laws and regulations;                               GMS Resolutions.
      5. Appoint and dismiss the Corporate Secretary and/or Head
         of the Internal Audit Unit with approval from the Board of
         Commissioners;




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BOARD OF DIRECTORS' OBLIGATIONS                                         15. Preparing the Company’s organizational structure
                                                                            complete with the details and duties;
The Board of Directors’ obligations include:                            16. Providing explanations on all matters questioned or
1. Promoting and ensuring the implementation of the                         requested by members of the Board of Commissioners
    Company’s business and activities in accordance with                    and Shareholders of Dwiwarna Series A, by observing
    its purposes and objectives as well as its business                     the laws and regulations particularly in Capital Market
    activities;                                                             sector; and
2. Establishing on time the Company’s Long Term Plan,                   17. Carrying out other obligations in accordance with the
    the Company’s Annual Work Plan and Budget, and other                    provisions stipulated in the laws and regulations, Articles
    work plans, and any amendments to be submitted to                       of Association and/or as determined by the GMS.
    the Board of Commissioners for approval;
3. Preparing the Shareholders Register, Special Register,               BOARD OF DIRECTORS’ ACTIONS THAT
    GMS Minutes, and Minutes of the Board of Directors’                 MUST RECEIVE APPROVAL FROM A GMS
    meetings;                                                           1. The Board of Directors is required to seek GMS approval
4. Preparing the Annual Report, which contains the                         for:
    Financial Statements, as a form of accountability of                   a. Transferring the Company’s assets; or
    the Company’s management as well as the Company’s                      b. Collateral for the Company’s assets debt that
    financial documents as referred to in Law on Company                        constitutes more than 50% (fifty percent) of the total
    Documents;                                                                  Company net assets in 1 (one) or more transactions,
5. Preparing the Financial Statements based on the                              whether related to each other or not, except as the
    Financial Accounting Standards and submit them to                           implementation of the Company’s business activities
    Public Accountant to be audited;                                            as referred to in the Articles of Association
6. Delivering the Annual Report after review by the Board               2. Actions carried out without the approval of the GMS
    of Commissioners within a maximum period of 5 (five)                   remain binding on the Company as long as the other
    months after the Company’s fiscal year ends to the GMS                 party in the legal act has good intentions; and
    for approval and ratification;                                      3. The GMS may reduce restrictions on the Board
7. Providing explanation to the GMS on the Annual Report;                  of Directors actions as regulated in the Articles of
8. Delivering the Balance Sheet and Income Statement                       Association or determine other restrictions on the Board
    after approval by the GMS to the Minister in charge                    of Directors other than those stipulated in the Articles
    of Law in accordance with the provisions of laws and                   of Association.
    regulations;
9. Preparing other reports mandated by the provisions of                BOARD OF DIRECTORS’ ACTIONS THAT
    laws and regulations;                                               MUST RECEIVE WRITTEN APPROVAL FROM
10. Maintaining a Shareholders Register, Special Register,              THE BOARD OF COMMISSIONERS
    GMS Minutes, Minutes of Board of Commissioners’
    Meeting, and Minutes of Board of Directors’ Meeting,                1. The following actions by the Board of Directors
    Annual Report, and Company’s financial documents                       must obtain prior written approval from the Board of
    and other Company’s documents;                                         Commissioners:
11. Maintaining the following matters in the Company’s                     a. Releasing/transferring and/or pledging the
    domicile: Shareholders Register, Special Register, GMS                    Company’s assets with criteria and value exceeding
    Minutes, Minutes of Board of Commissioners’ Meeting,                      a certain amount determined by the Board of
    and Minutes of Board of Directors’ Meeting, Annual                        Commissioners, except for assets recorded as
    Report, and Company’s financial documents as well                         inventory, with due observance of provisions in
    as other Company’s documents;                                             the capital market and banking sector;
12. Procuring and maintaining the Company’s bookkeeping                    b. Establishing cooperation with business entities or
    and administration according to norms applicable to                       other parties, in the form of operational cooperation
    a company;                                                                (KSO), business cooperation (KSU), license
13. Preparing an accounting system in accordance with                         cooperation, Build, Operate and Transfer (BOT),
    the Financial Accounting Standards and based on the                       Build, Transfer and Operate/BTO), Build, Operate
    principles of internal control, especially the functions                  and Own (B00) and other agreements of the same
    of handling, recording, storing, and supervising;                         nature whose term or value exceeds that set by the
14. Providing periodic reports in the manner and time in                      Board of Commissioners;
    accordance with the applicable provisions, as well as                  c. Establishing and changing the Company’s logo;
    other reports anytime at the request of the Board of                   d. Determining the organizational structure of 1 (one)
    Commissioners and/or Shareholders of Dwiwarna                             level below the Board of Directors;
    Series A; by observing the laws and regulations
    particularly the regulations in Capital Market sector;




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         e. Making equity participation, releasing equity               5. Within a maximum period of 30 (thirty) days from the
             participation including changes in capital structure          receipt of the application or explanation and complete
             of a certain value determined by the Board of                 documents from the Board of Directors, the Board of
             Commissioners in other companies, subsidiaries                Commissioners must provide the decision as referred
             and joint ventures that are not in the context of             to in number 1.
             saving receivables by taking into account the
             provisions in the Capital Market sector;                   BOARD OF DIRECTORS’ ACTIONS THAT
         f. Establishing a subsidiary and/or joint venture              MUST RECEIVE A WRITTEN RESPONSE
             of a certain value determined by the Board of              FROM THE BOARD OF COMMISSIONERS
             Commissioners with due observance of the
             provisions in the Capital Market sector;                   1. The actions below can only be carried out by the Board
         g. Proposing representatives of the Company to                    of Directors after obtaining a written response from
             become candidates as members of the Board                     the Board of Commissioners and obtaining approval
             of Directors and Board of Commissioners in                    from the GMS for:
             subsidiaries that provide significant contributions           a. Performing actions that are included as material
             to the Company and/or have strategic value as                     transactions as stipulated by legislation in the
             determined by the Board of Commissioners;                         field of capital markets with a value above 50%
         h. Merging, consolidating, taking over, separating, and               (fifty percent) of the Company’s equity, unless such
             dissolving subsidiaries and joint ventures of a certain           actions are included in material transactions that
             value determined by the Board of Commissioners                    are exempted by applicable Laws in the field of
             with due observance of the provisions in the Capital              Capital Markets;
             Market sector;                                                b. Conducting transactions that contain a conflict of
         i. Performing actions included in material transactions               interest as specified in the Legislation in force in
             as stipulated by legislation in the field of capital              the capital market;
             markets of a certain value set by the Board of                c. Performing other transactions in order to comply
             Commissioners, unless such actions are included                   with the Laws and Regulations in force in the capital
             in material transactions that are exempted by                     market.
             applicable laws in the field of Capital Markets;           2. If within 30 (thirty) days from the receipt of the
         j. Actions not yet specified in the RKAP;                         application or explanation and complete documents
         k. The act of transferring includes selling, forfeiting           from the Board of Directors, the Board of Commissioners
             the right to collect and/or no longer charging for:           does not provide a written response, the GMS may issue
             • Bad receivables principal that have been written            a decision without a written response from the Board
                 off in order to settle the credit, either in part or      of Commissioners.
                 in whole;                                              3. Actions carried out without the approval of the GMS
             • The difference between the value of bad                     remain binding on the Company as long as the other
                 receivables principal that have been written off          party in the legal act has good intentions.
                 with the value of the transfer including sales or
                 with the value of the disposal; and                    DIRECTOR IN CHARGE OF THE
             • Implemented based on a Board of Directors policy         COMPLIANCE FUNCTION
                 as approved by the Board of Commissioners
                 with a ceiling (limit) amount for write-offs as        As the complexity of the Bank’s business activities as a bank
                 determined by the GMS, which will remain in            and a public company increases, mitigation of risks faced
                 effect until a new ceiling (limit) is determined       by the Bank is needed. To mitigate the risk of such business
                 by the GMS.                                            activities, preventive (exante) and curative (expost) efforts
      2. The approval of the Board of Commissioners regarding           become necessary. As part of preventive efforts, the Bank
         letters a, b, e, f, g, and h for certain limitations and/or    always adheres to applicable banking rules to reduce or
         criteria, is determined after obtaining approval from          minimize the risk of the bank’s business activities.
         the Series A Dwiwarna Shareholder;
      3. Determination of limits and/or criteria by the Board of        In this regard, the Board of Directors has an obligation to
         Commissioners for the matters referred to in letters a,        develop and realize a Compliance Culture at all organizational
         b, e, f, g, and h, is carried out after obtaining approval     levels and the Bank’s business activities.
         from the Series A Dwiwarna Shareholder;
      4. The actions of the Board of Directors as referred to in
         letter b, as long as they are necessary in the context
         of carrying out the main business activities that are
         commonly carried out in the relevant business field
         with due observance of the provisions of laws and
         regulations, do not require the approval of the Board
         of Commissioners and/or GMS;


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To enforce the Bank’s compliance function, the Bank has                     c. During the process of replacing the Director in
a Director in charge of compliance, whose function is                          charge of the Compliance function, the Bank is
guided by OJK Regulation No. 46/POJK.03/2017 concerning                        obliged to appoint or assign another Director to
Implementation of Compliance Function of Commercial Bank                       temporarily carry out the duties of the Director in
and Board of Directors Work Conduct.                                           charge of the Compliance function;
                                                                            d. Directors who carry out temporary duties as
DIRECTOR IN CHARGE OF THE COMPLIANCE                                           Directors in charge of the Compliance function are
FUNCTION REQUIREMENTS                                                          required to fulfill the above requirements, this is
In relation to its function, the candidate for Director in                     excluded if there is no Director in the Company
charge of compliance function shall fulfill the following                      who fulfills these requirements; and
requirements:                                                               e. The temporary replacement of the position of
1. Candidate for Director in charge of compliance function                     Director in charge of the Compliance function must
    must have sufficient integrity and knowledge on the                        be reported to the Financial Services Authority.
    provisions of the Financial Services Authority, Bank
    Indonesia, and applicable laws and regulations; and                  DIRECTOR IN CHARGE OF COMPLIANCE
2. The Director in charge of the Compliance Function                     FUNCTION DUTIES AND RESPONSIBILITIES
    must fulfill the independence requirement. The                       The Director in charge of the Compliance function duties
    “independence requirement” means not having                          and responsibilities, shall at least include:
    financial, management, share ownership, and/ or                      1. Formulating strategies to encourage the creation of the
    familial relationships up to second degree with members                 Bank’s Compliance Culture.
    of Board of Commissioners, Board of Directors, and/                  2. Proposing compliance policies or compliance principles
    or Controlling Shareholders or relationships with the                   to be stipulated by the Board of Directors.
    Bank, which may affect their ability to act independently            3. Establishing compliance systems and procedures to be
    as stipulated in the provisions of Good Corporate                       used to develop the Bank’s internal rules and guidelines.
    Governance Implementation for Commercial banks.                      4. Ensuring all policies, regulations, systems, and
                                                                            procedures, as well as business activities conducted
STRUCTURE                                                                   by the Bank are in accordance with provisions of the
1. Director are not permitted to hold a concurrent position                 Financial Services Authority, Bank Indonesia, and the
   as Director in charge of Compliance Function.                            prevailing laws and regulations.
2. The Director in charge of Compliance Function is                      5. Minimizing the Bank’s Compliance Risk.
   prohibited from being in charge of the following                      6. Taking precautionary measures so that the Bank’s
   functions:                                                               Board of Directors policies and/or decisions do not
   a. Business and operations;                                              deviate from the provisions of the Financial Services
   b. Risk management which makes decisions on the                          Authority, Bank Indonesia, and the applicable laws
       Bank's business activities;                                          and regulations.
   c. Treasury;                                                          7. In the context of implementing the Anti-Money
   d. Finance and accounting;                                               Laundering Program, Prevention ofTerrorism Financing
   e. Logistics and procurement of goods/services;                          and Prevention of Funding for the Proliferation of
   f. Information Technology; And                                           Weapons of Mass Destruction (APU PPT and PPPSPM),
   g. Internal audit.                                                       the Compliance Director has at least the duties and
3. Replacement of the Director in charge of the Compliance                  responsibilities to:
   function:                                                                a. Proposing strategic written policies and
   a. In the event that the Director in charge of the                           procedures concerning the APU and PPT programs
       Compliance function is unable to carry out his/her                       implementation to the Board of Commissioners;
       office duties for more than 7 (seven) consecutive                    b. Ensuring that the implementation of APU PPT
       working days then the relevant Director must be                          and PPPSPM is carried out in accordance with
       temporarily replaced by another Director until the                       established written policies and procedures;
       Director in charge of the Compliance function is able                c. Ensuring the scope of active supervision of the
       to carry out his/her office duties again;                                Board of Directors has been adequately met;
   b. In the event that the Director in charge of the                       d. Monitoring and maintaining the Bank’s compliance
       Compliance function is permanently absent,                               with all commitments made by the Bank to the
       resigns, or his term of office has expired, the Bank                     Financial Services Authority, including commitments
       is obliged to immediately appoint a replacement for                      in the Action Plan, the Data Update Activity Plan
       the Director in charge of the Compliance function, no                    Report, and the results of Bank Indonesia supervision
       later than 6 (six) months after the Director in charge                   related to the implementation of the APU and PPT
       of the Compliance function is permanently absent,                        Programs;
       resigns, or his term of office expires;




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          e. Monitor the implementation of the duties of the               POLICY FOR CONCURRENT POSITIONS
              Special Work Unit and/or Bank officials responsible          OF BOARD OF DIRECTORS
              for the implementation of APU PPT and PPPSPM;
          f. Providing recommendations to the President Director           The provisions on concurrent position for the Board of
              concerning the official to lead the Special Work Unit        Directors are stipulated in the following regulations:
              or the official responsible for the implementation           1. Based on SOE Ministerial Regulation No. PER-3/
              of the APU and PPT Programs;                                     MBU/03/2023 concerning Organs and Human Resources
          g. Approving the Suspicious Financial Transaction                    of State-Owned Enterprises, members of the Board of
              Report (LTKM);                                                   Directors are prohibited from holding concurrent positions
          h. Propose an Action Plan Report and Data Update                     as:
              Plan Report before submitting it to the Financial                a. Directors in SOEs, regionally-owned enterprises,
              Services Authority; And                                              private-owned enterprises;
          i. Ensuring that officials and/or special employees                  b. Board of Commissioners/Supervisory Board of SOEs
              from related work units and new employees have                       and other companies;
              attended training related to the implementation of               c. Other structural and functional positions in central and/
              APU PPT and PPPSPM 1 (one) time in 1 (one) year.                     or regional government agencies/ institutions;
      8. The Director in charge of Compliance Function must                    d. Other positions in accordance with the provisions of
          submit reports to Financial Services Authority on their                  the legislation;
          duties implementation covering:                                      e. Political party administrators, members of the legislature
          a. Compliance Work Plan contained in the Bank’s                          and/or regional heads/deputy regional heads;
              Business Plan;                                                   f. Other positions that may cause a conflict of interest;
          b. Compliance Report; and                                                and/or
          c. Special Report on Board of Director policies and/or               g. Standing as a legislative candidate or a candidate for
              decisions for the Director in charge of Compliance                   regional head/deputy regional head.
              Function that deviate from Financial Services
              Authority regulations and/ or the prevailing laws            In addition to these concurrent positions, members of the
              and regulations, as part of the Director in charge           Board of Directors are prohibited from holding concurrent
              of Compliance Function duties.                               positions as members of the Board of Commissioners in
      9. Reporting the implementation of the President Director            other companies, except:
          duties and responsibilities with copies to the Board of          1. The Board of Commissioners in a subsidiary of the
          Commissioners at least in a quarterly manner.                        BUMN/SOE affiliated company concerned, provided
      10. Performing other duties related to Compliance Function.              that they are only entitled to the highest income from
                                                                               the positions they hold, unless stipulated otherwise by
                                                                               the Minister; and
                                                                           2. Board of Commissioners in other companies that
                                                                               represent/fight for the interests of SOEs as long as
                                                                               they obtain permission from the Minister of SOEs.

      Based on Financial Services Authority Regulation No. 17 of 2023 concerning Implementation of Governance for Commercial
      Banks, members of the Board of Directors are prohibited from holding concurrent positions as members of the Board of
      Directors, members of the Board of Commissioners or Executive Officers at other banks, companies and/or institutions.
      However, this does not include concurrent positions in the case of the Board of Directors responsible for supervising the
      Bank’s participation in a Subsidiary Companies, carrying out functional duties as a member of the Board of Commissioners
      in a non- Bank Subsidiary Companies controlled by the Bank, as long as it does not result in the persons concerned
      neglecting the implementation of their duties and responsibilities as members of the Board of Directors of the Bank.

                                                           Management Board of
                                   Member of the Board     Political Parties and/or
                                   of Directors of State   Candidates/Member of           Other Positions in
                                                                                                                     Other Positions That
                                   Owned Enterprises,      DPR, DPD,DPRD Level           Accordance with The
        Name                                                                                                        can Cause a Conflict of
                                     Regional Owned         I, and DPRD Level II        Provisions of Laws and
                                                                                                                           Interest
                                    Enterprises, Private   and/or Candidates for             Regulations
                                    Owned Enterprises      Regional Head/Deputy
                                                                Regional Head
        Royke Tumilaar                        No                      No                            No                        No
        Adi Sulistyowati                      No                      No                            No                        No
        Novita Widya Anggraini                No                      No                            No                        No
        Corina Leyla Karnalies                No                      No                            No                        No
        Sis Apik Wijayanto                    No                      No                            No                        No



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                                                     Management Board of
                            Member of the Board      Political Parties and/or
                            of Directors of State    Candidates/Member of           Other Positions in
                                                                                                                 Other Positions That
                            Owned Enterprises,       DPR, DPD,DPRD Level           Accordance with The
 Name                                                                                                           can Cause a Conflict of
                              Regional Owned           I, and DPRD Level II       Provisions of Laws and
                                                                                                                       Interest
                             Enterprises, Private    and/or Candidates for             Regulations
                             Owned Enterprises       Regional Head/Deputy
                                                           Regional Head
 David Pirzada                        No                          No                         No                             No
 Silvano Winston
                                      No                          No                         No                             No
 Rumantir
 Ronny Venir                          No                          No                         No                             No
 Muhammad Iqbal                       No                          No                         No                             No
 Putrama Wahju Setyawan               No                          No                         No                             No
 Mucharom                             No                          No                         No                             No
 Toto Prasetio                        No                          No                         No                             No



MANAGEMENT OF BOARD OF DIRECTORS’ CONFLICTS OF INTEREST

Management of the Board of Directors’ conflict of interest is stipulated in the Guidelines for Handling Conflict of Interest
No. IN/13/KPN/002 tanggal 3 Januari 2023. A Conflict of Interest is a condition whereby the Company’s economic interests
contradict with personal economic interests. Regarding the above matter, members of the Board of Directors:
1. Must prioritize the Company’s economic interest over personal economic interest or family or other parties;
2. Must never use their position for personal interest or for other person’s or party’s interest that is contrary to the
   Company’s interest.
3. Must complete a Special Register containing their own and/or their family’s share ownership that reaches 5% (five
   percent) or more in the Bank or other companies located inside and outside the country.
4. Must disclose financial relationships and familial relationships with other members of the Board of Commissioners,
   members of the Board of Directors, and/or the Company’s controlling shareholders.
5. Are prohibited from taking actions that may harm the Company or reduce the Company’s profit and must disclose
   conflicts of interest in any decision in the event that a conflict of interest occurs.
6. Shall not participate in any discussion and decision making that contains a potential conflict of interest.

BOARD OF DIRECTORS’ INDEPENDENCY

Each member of the Board of Directors prepares a statement of independence in the form of a Statement of Acting
Independently in the Implementation of the Company’s Operational Management at the beginning of each year to state
their independence status, and at the end of each year to state whether during the last year there has been a conflict of
interest situation by the Board of Directors, and the actions taken.

Members of the Board of Directors are obliged to report if there is a change in status that affects their independence,
including if there is a change in share ownership, both personal and familial, in BNI and or in other banks, non-bank
financial institutions, and other companies.




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      Board of Directors Statement of Independence
                                                                                                                                            Corina
                                                                             Royke                                   Novita Widya
        No.    Statement                                                                  Adi Sulistyowati                                  Leyla
                                                                            Tumilaar                                  Anggraini
                                                                                                                                           Karnalies
         1     independent to the owner of the bank or PSP                     v                   v                       v                    v
               Does not have financial, management, share
               ownership and/or familial relationships with
               other members of the Board of Commissioners,
         2                                                                     v                   v                       v                    v
               members of the Board of Directors and/or controlling
               shareholders or other relationships that may affect
               their ability to act independently




      POLICY AND IMPLEMENTATION OF BOARD OF DIRECTORS MEETING FREQUENCY

      BNI Board of Directors meetings are held with reference to the provisions of Financial Services Authority Regulation No.
      33/POJK.04/2014 concerning Board of Directors and Board of Commissioners of Issuers or Public Companies and Article
      13 of the Company's Articles of Association.

      The following are the provisions of the Board of Directors Meeting:

                                     •   The Board of Directors must hold a Board of Directors’ meeting at least 1 (one) time every month.
                                     •   The Board of Directors must hold a joint meeting of the Board of Directors with the Board of
                                         Commissioners periodically at least 1 (one) time in 4 (four) months.
       Organizing Meetings           •   The Board of Directors’ Meetings may be held at any time in the event that:
                                         a. It is deemed necessary by one or more members of the Board of Directors;
                                         b. Upon a written request from or more members of the Board of Commissioners.
                                     •   Meetings can be held at the Bank’s domicile or elsewhere in the territory of the Republic of Indonesia or at
                                         the place of business of the Company.
                                     •   The summons of Board of Directors’ Meeting shall be made by the member of Board of Directors who is
                                         entitled to represent the Board of Directors.
                                     •   The summons of the Board of Directors’ Meeting shall be made in writing and submitted or delivered
       Meeting Summons                   directly to each member of the Board of Directors with an adequate receipt or by registered mail or by
                                         courier or telex, facsimile, or e-mail no later than 5 (five) days before the meeting is held by not including
                                         the Calling Date and the meeting date or in a shorter time if in an urgent situation.
                                     •   The summons of meeting shall state the agenda, date, time, and place of the meeting.
                                     •   Such calling is not required for meetings that have been scheduled based on the decisions of the Board of
                                         Directors’ Meeting held previously or if all members of the Board of Directors are present at the meeting.
                                     •   All Board of Directors’ Meetings are chaired by the President Director. In the event that the President
                                         Director is absent or unavailable, the Vice President Director will chair the Board of Directors’ meeting or
                                         a Director who is appointed in writing by the President Director will chair the Board of Directors’ Meeting
                                         in the event that at the same time the Vice President Director is also absent or unavailable or the Director
                                         appointed by the Vice President Director who will chair the Board of Directors’ Meeting in the event that at
                                         the same time the President Director is absent or unavailable and does not appoint anyone.
       Chair of the Board of         •   If the GMS does not appoint a Vice President Director, then in the event that the President Director is
       Directors’ Meeting                absent or unavailable, one of the Directors who is appointed in writing by the President Director will chair
                                         the Board of Directors’ Meeting.
                                     •   In the event that the President Director does not appoint anyone, one of the Directors with the longest
                                         term of office as member of Board of Directors will chair the Board of Directors’ Meeting.
                                     •   In the event that there is more than 1 (one) member of the Board of Directors who has the longest term
                                         of office as a member of the Bank’s Board of Directors, then the Director as stated in point 3 above who is
                                         the oldest in age will act as the chair of the Board of Directors’ Meeting.
                                     •   Members of the Board of Directors may be represented at the Board of Directors’ Meeting only by another
                                         member of the Board of Directors based on a Power of Attorney. A member of the Board of Directors may
                                         only represent one other member of the Board of Directors.
                                     •   Members of the Board of Directors who are unable to attend a Board of Directors’ Meeting can submit
                                         their opinions in writing and sign, then submit it to the President Director or Vice President Director or to
                                         other members of the Board of Directors who will chair the Board of Directors’ Meeting, whether or not
                                         they support the matters will be discussed and this opinion will be deemed as a vote legally issued at the
       Attendance                        Board of Directors’ Meeting.
                                     •   In the event that a member of the Board of Directors is unable to attend a meeting physically, then such
                                         member of the Board of Directors may attend the meeting through teleconferencing, video conferencing,
                                         or other electronic media facilities, in accordance with the applicable regulations.
                                     •   Each member of the Board of Directors who personally in anyway, directly or indirectly, has an interest in
                                         a transaction, contract, or proposed contract, in which the Bank is one of the parties shall state the nature
                                         of interest in a Board of Directors’ Meeting, and therefore, has no right to take part in voting on matters
                                         related to such transaction or contract.




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          Practices              Governance                 Responsibility                Commitment                     Statements




                                          Silvano                                                  Putrama
     Sis Apik                                                                    Muhammad
                     David Pirzada       Winston         Ronny Venir                                Wahju            Mucharom          Toto Prasetio
     Wijayanto                                                                     Iqbal
                                         Rumantir                                                 Setyawan
         v                  v                v                  v                     v                v                    v                 v



         v                  v                v                  v                     v                v                    v                 v




                                •   The Board of Directors’ Meeting is valid and entitled to make binding decisions if attended and/or
                                    represented by more than 1/2 (one half) from the total members of the Board of Directors.
                                •   In the event that there is more than one proposal, a re-election is conducted so that one of the proposals
                                    gets votes more than 1/2 (one half) part of the total votes cast.
                                •   The Board of Directors’ Meeting Decisions shall be made based on deliberation to reach a consensus. In
                                    the event that decision based on deliberation to reach a consensus is not reached, then the decision shall
                                    be taken by voting based on the agreed votes that are more than 1/2 (one half ) part of the total valid votes
 Decision Making                    cast at the related meeting.
                                •   In Board of Directors’ Meetings, each member of the Board of Directors is entitled to cast 1 (one) vote and
                                    1 (one) additional vote for each other member of the Board of Directors represented.
                                •   Blank votes (abstention) are considered as approving the proposal submitted at the meeting. Void votes
                                    are considered non-existent and not counted in determining the number of votes cast at the meeting.
                                •   Voting concerning an individual shall be in folded ballots without signature, while voting concerning other
                                    matters shall be conducted orally, unless otherwise determined by the Chair of the Meeting, without any
                                    objection being raised by those present.
                                •   The results of the Board of Directors’ Meeting must be stated in Minutes of Meeting. Minutes of Meeting
                                    shall be made by a person present at the meeting who is appointed by the Chair of the Meeting, and then
                                    signed by all members of the Board of Directors present and delivered to all members of the Board of
                                    Directors.
                                •   Results of Board of Directors’ Meetings with the Board of Commissioners must be stated in Minutes of
                                    Meeting. Minutes of Meeting shall be made by a person present at the meeting who is appointed by
                                    the Chair of the Meeting, and then signed by all members of the Board of Directors and members of the
 Minutes of Meeting                 Board of Commissioners present and delivered to all members of the Board of Directors and members of
                                    the Board of Commissioners.
                                •   In the event that there are members of the Board of Directors and/or members of the Board of
                                    Commissioners who do not sign the meeting results as referred to in number 1 and 2 above, such
                                    member must state the reason in writing in a separate letter attached to the minutes of meeting.
                                •   Minutes of Meeting as referred to in number 1 and number 2 above must be documented by the Bank.
                                •   Minutes of the Board of Directors’ Meeting are legitimate evidence for members of Board of Directors and
                                    third parties regarding the decisions taken in the related Meeting.
                                •   The Board of Directors may also make valid decision without holding the Board of Director’s Meeting,
 Decisions Outside the              provided that all members of Board of Directors have been notified in writing and all members of Board
 Board of Directors                 of Directors have approved the related proposal submitted in writing and have signed such approvals.
 Meeting                        •   Decisions made by such way have the same binding power as that of made validly in the Board of
                                    Director’s Meeting.



AGENDA, DATE AND PARTICIPANTS IN BOARD OF DIRECTORS’ MEETINGS IN 2023
During 2023, the agenda, date and participants of the Board of Directors’ Meetings were as follows:

                                                         Board of Directors’ Meetings
 No.             Date                        Meeting Agenda                           Meeting Participants                 Attended               Note
                                                                                  •   Royke Tumilaar                 •     Present
                                                                                  •   Adi Sulistyowati               •     Present
                                                                                  •   Novita Widya Anggraini         •     Present
                                                                                  •   Corina Leyla Karnalies         •     Present
                                •    General
                                                                                  •   Sis Apik Wijayanto             •     Present
                                •    Discussion of BNI's New Professional
                                                                                  •   David Pirzada                  •     Leave           BNI Meeting
 1      January 3, 2023              Style
                                                                                  •   Silvano Winston Rumantir       •     Present         Room
                                •    Discussion of Workplace Policy
                                                                                  •   Ronny Venir                    •     Present
                                     Implementation
                                                                                  •   Muhammad Iqbal                 •     Present
                                                                                  •   Putrama Wahju Setyawan         •     Present
                                                                                  •   Mucharom                       •     Present
                                                                                  •   Toto Prasetio                  •     Present



                                                                                              Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   653
Page 67
          2023                         Management                    Company                  Management Discussion and                      Business Support
      Performance                        Report                       Profile               Analysis on Company Performance                     Functions




                                                                  Board of Directors’ Meetings
        No.              Date                         Meeting Agenda                       Meeting Participants                   Attended              Note
                                                                                       •   Royke Tumilaar                     •   Present
                                                                                       •   Adi Sulistyowati                   •   Present
                                                                                       •   Novita Widya Anggraini             •   Present
                                          •   General, including discussion of BNI's
                                                                                       •   Corina Leyla Karnalies             •   Present
                                              77th anniversary
                                                                                       •   Sis Apik Wijayanto                 •   Present
                                          •   Discussion of Internal Control
                                                                                       •   David Pirzada                      •   Present           BNI Meeting
        2           January 16, 2023      •   HC Updates & Reviews
                                                                                       •   Silvano Winston Rumantir           •   Present           Room
                                          •   Update the Business Unit
                                                                                       •   Ronny Venir                        •   Present
                                              Organizational Structure
                                                                                       •   Muhammad Iqbal                     •   Present
                                          •   Discussion of Business Authority
                                                                                       •   Putrama Wahju Setyawan             •   Present
                                                                                       •   Mucharom                           •   Present
                                                                                       •   Toto Prasetio                      •   Present
                                                                                       •   Royke Tumilaar                     •   Present
                                                                                       •   Adi Sulistyowati                   •   Present
                                                                                       •   Novita Widya Anggraini             •   Present
                                                                                       •   Corina Leyla Karnalies             •   Present
                                          •   HC Updates & Reviews                     •   Sis Apik Wijayanto                 •   Present
                                          •   Corporate Action Updates                 •   David Pirzada                      •   Present           BNI Meeting
        3      January 17, 2023
                                          •   Discussion of Bank Soundness Level       •   Silvano Winston Rumantir           •   Present           Room
                                          •   2023 Business Meeting Update             •   Ronny Venir                        •   Present
                                                                                       •   Muhammad Iqbal                     •   Permit
                                                                                       •   Putrama Wahju Setyawan             •   Present
                                                                                       •   Mucharom                           •   Present
                                                                                       •   Toto Prasetio                      •   Present
                                                                                       •   Royke Tumilaar                     •   Present
                                                                                       •   Adi Sulistyowati                   •   Present
                                                                                       •   Novita Widya Anggraini             •   Present
                                                                                       •   Corina Leyla Karnalies             •   Present
                                                                                       •   Sis Apik Wijayanto                 •   Present
                                                                                       •   David Pirzada                      •   Present           BNI Meeting
        4      January 25, 2023           Project Mechanisms Update
                                                                                       •   Silvano Winston Rumantir           •   Present           Room
                                                                                       •   Ronny Venir                        •   Present
                                                                                       •   Muhammad Iqbal                     •   Present
                                                                                       •   Putrama Wahju Setyawan             •   Present
                                                                                       •   Mucharom                           •   Present
                                                                                       •   Toto Prasetio                      •   Present
                                                                                       •   Royke Tumilaar                     •   Present
                                                                                       •   Adi Sulistyowati                   •   Leave
                                                                                       •   Novita Widya Anggraini             •   Official Duties
                                                                                       •   Corina Leyla Karnalies             •   Present
                                                                                       •   Sis Apik Wijayanto                 •   Present
                                          •   Event Discussion                         •   David Pirzada                      •   Present           BNI Meeting
        5      February 8, 2023
                                          •   General                                  •   Silvano Winston Rumantir           •   Present           Room
                                                                                       •   Ronny Venir                        •   Present
                                                                                       •   Muhammad Iqbal                     •   Leave
                                                                                       •   Putrama Wahju Setyawan             •   Present
                                                                                       •   Mucharom                           •   Present
                                                                                       •   Toto Prasetio                      •   Present
                                                                                       •   Royke Tumilaar                     •   Present
                                                                                       •   Adi Sulistyowati                   •   Present
                                                                                       •   Novita Widya Anggraini             •   Present
                                                                                       •   Corina Leyla Karnalies             •   Leave
                                                                                       •   Sis Apik Wijayanto                 •   Present
                                          •   General, including discussion of
                                                                                       •   David Pirzada                      •   Present           BNI Meeting
        6      February 15, 2023              Dividends
                                                                                       •   Silvano Winston Rumantir           •   Present           Room
                                          •   2022 Assessment
                                                                                       •   Ronny Venir                        •   Present
                                                                                       •   Muhammad Iqbal                     •   Present
                                                                                       •   Putrama Wahju Setyawan             •   Present
                                                                                       •   Mucharom                           •   Present
                                                                                       •   Toto Prasetio                      •   Present




654   From Local to Global
Page 68
Capital & Risk Management   Good Corporate         Social & Environmental              ESG                          Financial
          Practices          Governance                Responsibility               Commitment                     Statements




                                                    Board of Directors’ Meetings
 No.             Date                   Meeting Agenda                          Meeting Participants                 Attended             Note
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                                                                            •   Sis Apik Wijayanto             •     Present
                            Update and Discussion of New Way of             •   David Pirzada                  •     Present           BNI Meeting
 7      February 19, 2023
                            Working                                         •   Silvano Winston Rumantir       •     Present           Room
                                                                            •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Leave
                                                                            •   Sis Apik Wijayanto             •     Present
                            Update New Way of Working and                   •   David Pirzada                  •     Present           BNI Meeting
 8      February 20, 2023
                            Organizational Structure                        •   Silvano Winston Rumantir       •     Present           Room
                                                                            •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Permit
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                                                                            •   Sis Apik Wijayanto             •     Present
                            •   General
                                                                            •   David Pirzada                  •     Present           BNI Meeting
 9      February 27, 2023   •   Update New Way of Working and
                                                                            •   Silvano Winston Rumantir       •     Present           Room
                                Organizational Structure
                                                                            •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                                                                            •   Sis Apik Wijayanto             •     Present
                            •   Initial Observation of Trade & Cash
                                                                            •   David Pirzada                  •     Present           BNI Meeting
 10     February 28, 2023       Management Business
                                                                            •   Silvano Winston Rumantir       •     Present           Room
                            •   ESG 2023 – Green Bonds
                                                                            •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Official Duties
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                            •   Updated New Way of Working                  •   Sis Apik Wijayanto             •     Present
                            •   Financial Updates                           •   David Pirzada                  •     Present           BNI Meeting
 11     March 6, 2023
                            •   Project updates                             •   Silvano Winston Rumantir       •     Official Duties   Room
                            •   General                                     •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present




                                                                                        Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   655
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          2023                  Management                    Company            Management Discussion and                      Business Support
      Performance                 Report                       Profile         Analysis on Company Performance                     Functions




                                                          Board of Directors’ Meetings
        No.           Date                    Meeting Agenda                  Meeting Participants                   Attended              Note
                                                                          •   Royke Tumilaar                     •   Present
                                                                          •   Adi Sulistyowati                   •   Present
                                                                          •   Novita Widya Anggraini             •   Present
                                                                          •   Corina Leyla Karnalies             •   Present
                                                                          •   Sis Apik Wijayanto                 •   Official Duties
                                                                          •   David Pirzada                      •   Present           BNI Meeting
        12     March 10, 2023      Business Pipeline Update
                                                                          •   Silvano Winston Rumantir           •   Present           Room
                                                                          •   Ronny Venir                        •   Present
                                                                          •   Muhammad Iqbal                     •   Present
                                                                          •   Putrama Wahju Setyawan             •   Present
                                                                          •   Mucharom                           •   Present
                                                                          •   Toto Prasetio                      •   Present
                                                                          •   Royke Tumilaar                     •   Present
                                                                          •   Adi Sulistyowati                   •   Present
                                                                          •   Novita Widya Anggraini             •   Present
                                                                          •   Corina Leyla Karnalies             •   Present
                                   •   General
                                                                          •   Sis Apik Wijayanto                 •   Present
                                   •   Financial Updates
                                                                          •   David Pirzada                      •   Present           BNI Meeting
        13     March 13, 2023      •   Discussion of the Regulatory
                                                                          •   Silvano Winston Rumantir           •   Present           Room
                                       Framework
                                                                          •   Ronny Venir                        •   Present
                                   •   Updated New Way of Working
                                                                          •   Muhammad Iqbal                     •   Present
                                                                          •   Putrama Wahju Setyawan             •   Present
                                                                          •   Mucharom                           •   Present
                                                                          •   Toto Prasetio                      •   Present
                                                                          •   Royke Tumilaar                     •   Present
                                                                          •   Adi Sulistyowati                   •   Present
                                                                          •   Novita Widya Anggraini             •   Present
                                                                          •   Corina Leyla Karnalies             •   Present
                                                                          •   Sis Apik Wijayanto                 •   Present
                                   Discussion of Board of Directors       •   David Pirzada                      •   Present           BNI Meeting
        14     March 16, 2023
                                   Organization                           •   Silvano Winston Rumantir           •   Present           Room
                                                                          •   Ronny Venir                        •   Present
                                                                          •   Muhammad Iqbal                     •   Permit
                                                                          •   Putrama Wahju Setyawan             •   Present
                                                                          •   Mucharom                           •   Present
                                                                          •   Toto Prasetio                      •   Present
                                                                          •   Royke Tumilaar                     •   Present
                                                                          •   Adi Sulistyowati                   •   Present
                                                                          •   Novita Widya Anggraini             •   Present
                                                                          •   Corina Leyla Karnalies             •   Present
                                                                          •   Sis Apik Wijayanto                 •   Present
                                                                          •   David Pirzada                      •   Present           BNI Meeting
        15     March 20, 2023      General
                                                                          •   Silvano Winston Rumantir           •   Present           Room
                                                                          •   Ronny Venir                        •   Present
                                                                          •   Muhammad Iqbal                     •   Present
                                                                          •   Putrama Wahju Setyawan             •   Present
                                                                          •   Mucharom                           •   Present
                                                                          •   Toto Prasetio                      •   Present
                                                                          •   Royke Tumilaar                     •   Present
                                                                          •   Adi Sulistyowati                   •   Present
                                                                          •   Novita Widya Anggraini             •   Present
                                                                          •   Corina Leyla Karnalies             •   Present
                                                                          •   Sis Apik Wijayanto                 •   Present
                                                                          •   David Pirzada                      •   Present           BNI Meeting
        16     March 27, 2023      General, including Financial updates
                                                                          •   Silvano Winston Rumantir           •   Present           Room
                                                                          •   Ronny Venir                        •   Present
                                                                          •   Muhammad Iqbal                     •   Present
                                                                          •   Putrama Wahju Setyawan             •   Present
                                                                          •   Mucharom                           •   Present
                                                                          •   Toto Prasetio                      •   Present




656   From Local to Global
Page 70
Capital & Risk Management   Good Corporate         Social & Environmental              ESG                          Financial
          Practices          Governance                Responsibility               Commitment                     Statements




                                                    Board of Directors’ Meetings
 No.             Date                   Meeting Agenda                          Meeting Participants                 Attended             Note
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                            •   General                                     •   Sis Apik Wijayanto             •     Present
                            •   Technology Management Committee             •   David Pirzada                  •     Present           BNI Meeting
 17     April 5, 2023
                            •   Update on Directors and Divisions           •   Silvano Winston Rumantir       •     Present           Room
                            •   Building Construction Updates               •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                            •   General                                     •   Sis Apik Wijayanto             •     Present
                            •   Update Corporate Plan                       •   David Pirzada                  •     Present           BNI Meeting
 18     April 11, 2023
                            •   Discussion of Strategic Workforce           •   Silvano Winston Rumantir       •     Official Duties   Room
                                Planning                                    •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Official Duties
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Official Duties
                                                                            •   Corina Leyla Karnalies         •     Present
                                                                            •   Sis Apik Wijayanto             •     Present
                            •   Discussion of BNI's anniversary
                                                                            •   David Pirzada                  •     Permit            BNI Meeting
 19     May 2, 2023         •   Discussion of the BNI Excellence
                                                                            •   Silvano Winston Rumantir       •     Permit            Room
                                Employee Award (BEE Award)
                                                                            •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Permit
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Official Duties
                                                                            •   Corina Leyla Karnalies         •     Present
                                                                            •   Sis Apik Wijayanto             •     Present
                                                                            •   David Pirzada                  •     Present           BNI Meeting
 20     May 3, 2023         Discussion of System Procurement
                                                                            •   Silvano Winston Rumantir       •     Present           Room
                                                                            •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                            •   Project updates                             •   Corina Leyla Karnalies         •     Present
                            •   Update Credit Scoring Progress              •   Sis Apik Wijayanto             •     Present
                            •   Update on follow-up to Radekom's            •   David Pirzada                  •     Present           BNI Meeting
 21     May 22, 2023
                                directives                                  •   Silvano Winston Rumantir       •     Present           Room
                            •   Discussion of Best Employee and             •   Ronny Venir                    •     Present
                                Culture Transformation                      •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present




                                                                                        Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   657
Page 71
          2023                 Management                   Company                  Management Discussion and                      Business Support
      Performance                Report                      Profile               Analysis on Company Performance                     Functions




                                                          Board of Directors’ Meetings
        No.           Date                    Meeting Agenda                      Meeting Participants                   Attended              Note
                                                                              •   Royke Tumilaar                     •   Present
                                                                              •   Adi Sulistyowati                   •   Present
                                                                              •   Novita Widya Anggraini             •   Present
                                                                              •   Corina Leyla Karnalies             •   Present
                                                                              •   Sis Apik Wijayanto                 •   Present
                                  Updated Review of Authority to Approve      •   David Pirzada                      •   Present           BNI Meeting
        22     May 29, 2023
                                  Credit                                      •   Silvano Winston Rumantir           •   Present           Room
                                                                              •   Ronny Venir                        •   Present
                                                                              •   Muhammad Iqbal                     •   Present
                                                                              •   Putrama Wahju Setyawan             •   Present
                                                                              •   Mucharom                           •   Present
                                                                              •   Toto Prasetio                      •   Present
                                                                              •   Royke Tumilaar                     •   Present
                                                                              •   Adi Sulistyowati                   •   Present
                                                                              •   Novita Widya Anggraini             •   Present
                                                                              •   Corina Leyla Karnalies             •   Present
                                                                              •   Sis Apik Wijayanto                 •   Present
                                  Updated Authority to Decide on Credit       •   David Pirzada                      •   Present           BNI Meeting
        23     May 31, 2023
                                  and Procurement                             •   Silvano Winston Rumantir           •   Present           Room
                                                                              •   Ronny Venir                        •   Present
                                                                              •   Muhammad Iqbal                     •   Present
                                                                              •   Putrama Wahju Setyawan             •   Present
                                                                              •   Mucharom                           •   Present
                                                                              •   Toto Prasetio                      •   Present
                                                                              •   Royke Tumilaar                     •   Present
                                                                              •   Adi Sulistyowati                   •   Present
                                                                              •   Novita Widya Anggraini             •   Present
                                                                              •   Corina Leyla Karnalies             •   Present
                                                                              •   Sis Apik Wijayanto                 •   Present
                                  Update on KCLN Opening Plans                •   David Pirzada                      •   Present           BNI Meeting
        24     June 5, 2023
                                  LMS updates                                 •   Silvano Winston Rumantir           •   Present           Room
                                                                              •   Ronny Venir                        •   Present
                                                                              •   Muhammad Iqbal                     •   Present
                                                                              •   Putrama Wahju Setyawan             •   Present
                                                                              •   Mucharom                           •   Present
                                                                              •   Toto Prasetio                      •   Present
                                                                              •   Royke Tumilaar                     •   Present
                                                                              •   Adi Sulistyowati                   •   Present
                                                                              •   Novita Widya Anggraini             •   Present
                                                                              •   Corina Leyla Karnalies             •   Present
                                                                              •   Sis Apik Wijayanto                 •   Present
                                  General, including Update on Progress       •   David Pirzada                      •   Present           BNI Meeting
        25     June 12, 2023      of Implementation of the New Way of
                                                                              •   Silvano Winston Rumantir           •   Present           Room
                                  Working
                                                                              •   Ronny Venir                        •   Present
                                                                              •   Muhammad Iqbal                     •   Present
                                                                              •   Putrama Wahju Setyawan             •   Present
                                                                              •   Mucharom                           •   Present
                                                                              •   Toto Prasetio                      •   Present
                                                                              •   Royke Tumilaar                     •   Present
                                                                              •   Adi Sulistyowati                   •   Present
                                                                              •   Novita Widya Anggraini             •   Present
                                                                              •   Corina Leyla Karnalies             •   Present
                                  •   Governance KPIs                         •   Sis Apik Wijayanto                 •   Present
                                  •   Review of Authority to Approve Credit   •   David Pirzada                      •   Leave             BNI Meeting
        26     June 19, 2023
                                  •   General, including Wholesale            •   Silvano Winston Rumantir           •   Present           Room
                                      Transaction Banking                     •   Ronny Venir                        •   Present
                                                                              •   Muhammad Iqbal                     •   Present
                                                                              •   Putrama Wahju Setyawan             •   Present
                                                                              •   Mucharom                           •   Official Duties
                                                                              •   Toto Prasetio                      •   Present




658   From Local to Global
Page 72
Capital & Risk Management   Good Corporate         Social & Environmental              ESG                          Financial
          Practices          Governance                Responsibility               Commitment                     Statements




                                                    Board of Directors’ Meetings
 No.             Date                   Meeting Agenda                          Meeting Participants                 Attended             Note
                                                                            •   Royke Tumilaar                 •     Leave
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                            •   General                                     •   Sis Apik Wijayanto             •     Present
                            •   Update on the 77th Anniversary Series       •   David Pirzada                  •     Present           BNI Meeting
 27     July 3, 2023
                            •   Update on the Journey for Handling          •   Silvano Winston Rumantir       •     Present           Room
                                Customer Complaints                         •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                            •   General                                     •   Sis Apik Wijayanto             •     Present
                            •   Discussion of BNI Stock Split               •   David Pirzada                  •     Present           BNI Meeting
 28     July 10, 2023
                            •   ESG discussion                              •   Silvano Winston Rumantir       •     Present           Room
                            •   Update Operations                           •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                            •   General                                     •   Sis Apik Wijayanto             •     Present
                            •   Update on RM Tools Implementation           •   David Pirzada                  •     Present           BNI Meeting
 29     July 17, 2023
                                Progress                                    •   Silvano Winston Rumantir       •     Present           Room
                            •   Strategic Partnership Plan                  •   Ronny Venir                    •     Official Duties
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Official Duties
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                                                                            •   Sis Apik Wijayanto             •     Present
                                                                            •   David Pirzada                  •     Present           BNI Meeting
 30     July 22, 2023       KCLN Financial & Compliance Update
                                                                            •   Silvano Winston Rumantir       •     Present           Room
                                                                            •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Permit
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Sakit
                                                                            •   Sis Apik Wijayanto             •     Present
                            •   General                                     •   David Pirzada                  •     Present           BNI Meeting
 31     July 24, 2023
                            •   Discussion of Green Loans                   •   Silvano Winston Rumantir       •     Present           Room
                                                                            •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present




                                                                                        Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   659
Page 73
          2023                     Management                    Company              Management Discussion and                      Business Support
      Performance                    Report                       Profile           Analysis on Company Performance                     Functions




                                                               Board of Directors’ Meetings
        No.           Date                        Meeting Agenda                   Meeting Participants                   Attended              Note
                                                                               •   Royke Tumilaar                     •   Present
                                                                               •   Adi Sulistyowati                   •   Present
                                                                               •   Novita Widya Anggraini             •   Present
                                                                               •   Corina Leyla Karnalies             •   Present
                                                                               •   Sis Apik Wijayanto                 •   Present
                                      •   General                              •   David Pirzada                      •   Present           BNI Meeting
        32     July 31, 2023
                                      •   Discussion of Training Plan          •   Silvano Winston Rumantir           •   Present           Room
                                                                               •   Ronny Venir                        •   Present
                                                                               •   Muhammad Iqbal                     •   Present
                                                                               •   Putrama Wahju Setyawan             •   Present
                                                                               •   Mucharom                           •   Present
                                                                               •   Toto Prasetio                      •   Present
                                                                               •   Royke Tumilaar                     •   Present
                                                                               •   Adi Sulistyowati                   •   Present
                                                                               •   Novita Widya Anggraini             •   Present
                                                                               •   Corina Leyla Karnalies             •   Present
                                                                               •   Sis Apik Wijayanto                 •   Official Duties
                                      General, including Cooperation Program   •   David Pirzada                      •   Present           BNI Meeting
        33     August 7, 2023
                                      Updates                                  •   Silvano Winston Rumantir           •   Present           Room
                                                                               •   Ronny Venir                        •   Present
                                                                               •   Muhammad Iqbal                     •   Present
                                                                               •   Putrama Wahju Setyawan             •   Present
                                                                               •   Mucharom                           •   Present
                                                                               •   Toto Prasetio                      •   Present
                                                                               •   Royke Tumilaar                     •   Present
                                                                               •   Adi Sulistyowati                   •   Present
                                                                               •   Novita Widya Anggraini             •   Present
                                                                               •   Corina Leyla Karnalies             •   Present
                                                                               •   Sis Apik Wijayanto                 •   Present
                                      •   General
                                                                               •   David Pirzada                      •   Present           BNI Meeting
        34     August 14, 2023        •   Financial Updates
                                                                               •   Silvano Winston Rumantir           •   Present           Room
                                      •   Update on Agency Business
                                                                               •   Ronny Venir                        •   Present
                                                                               •   Muhammad Iqbal                     •   Present
                                                                               •   Putrama Wahju Setyawan             •   Present
                                                                               •   Mucharom                           •   Present
                                                                               •   Toto Prasetio                      •   Present
                                                                               •   Royke Tumilaar                     •   Present
                                                                               •   Adi Sulistyowati                   •   Present
                                                                               •   Novita Widya Anggraini             •   Present
                                                                               •   Corina Leyla Karnalies             •   Present
                                                                               •   Sis Apik Wijayanto                 •   Present
                                      •   General                              •   David Pirzada                      •   Present           BNI Meeting
        35     August 28, 2023
                                      •   Project Discussion                   •   Silvano Winston Rumantir           •   Present           Room
                                                                               •   Ronny Venir                        •   Present
                                                                               •   Muhammad Iqbal                     •   Present
                                                                               •   Putrama Wahju Setyawan             •   Present
                                                                               •   Mucharom                           •   Present
                                                                               •   Toto Prasetio                      •   Present
                                                                               •   Royke Tumilaar                     •   Present
                                                                               •   Adi Sulistyowati                   •   Present
                                                                               •   Novita Widya Anggraini             •   Present
                                                                               •   Corina Leyla Karnalies             •   Present
                                                                               •   Sis Apik Wijayanto                 •   Present
                                      General, including Update on             •   David Pirzada                      •   Present           BNI Meeting
        36     September 4, 2023
                                      Preparations for the 2023 EGMS           •   Silvano Winston Rumantir           •   Present           Room
                                                                               •   Ronny Venir                        •   Present
                                                                               •   Muhammad Iqbal                     •   Present
                                                                               •   Putrama Wahju Setyawan             •   Present
                                                                               •   Mucharom                           •   Present
                                                                               •   Toto Prasetio                      •   Official Duties




660   From Local to Global
Page 74
Capital & Risk Management    Good Corporate        Social & Environmental              ESG                          Financial
          Practices           Governance               Responsibility               Commitment                     Statements




                                                    Board of Directors’ Meetings
 No.             Date                    Meeting Agenda                         Meeting Participants                 Attended             Note
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                                                                            •   Sis Apik Wijayanto             •     Present
                             •   Update Project Progress
                                                                            •   David Pirzada                  •     Present           BNI Meeting
 37     September 11, 2023   •   Project Discussion
                                                                            •   Silvano Winston Rumantir       •     Present           Room
                             •   Financial Updates
                                                                            •   Ronny Venir                    •     Official Duties
                                                                            •   Muhammad Iqbal                 •     Official Duties
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Official Duties
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Sakit
                                                                            •   Sis Apik Wijayanto             •     Present
                                                                            •   David Pirzada                  •     Present           BNI Meeting
 38     September 18, 2023   General
                                                                            •   Silvano Winston Rumantir       •     Present           Room
                                                                            •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                                                                            •   Sis Apik Wijayanto             •     Present
                             •   General
                                                                            •   David Pirzada                  •     Present           BNI Meeting
 39     September 25, 2023   •   Discussion of Internal Control
                                                                            •   Silvano Winston Rumantir       •     Present           Room
                             •   Merchant Business Strategic Update
                                                                            •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                                                                            •   Novita Widya Anggraini         •     Present
                                                                            •   Corina Leyla Karnalies         •     Present
                                                                            •   Sis Apik Wijayanto             •     Official Duties
                             •   General                                    •   David Pirzada                  •     Present           BNI Meeting
 40     October 2, 2023
                             •   Technology Management Committee            •   Silvano Winston Rumantir       •     Present           Room
                                                                            •   Ronny Venir                    •     Present
                                                                            •   Muhammad Iqbal                 •     Present
                                                                            •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present
                                                                            •   Royke Tumilaar                 •     Present
                                                                            •   Adi Sulistyowati               •     Present
                             •   General, including Regional Office         •   Novita Widya Anggraini         •     Present
                                 Performance Updates                        •   Corina Leyla Karnalies         •     Present
                             •   Financial Updates                          •   Sis Apik Wijayanto             •     Present
                             •   Updated New Way of Working                 •   David Pirzada                  •     Present           BNI Meeting
 41     October 9, 2023
                             •   Discussion of the KLN's New Way of         •   Silvano Winston Rumantir       •     Present           Room
                                 Working                                    •   Ronny Venir                    •     Present
                             •   Discussion of Corporate Plan               •   Muhammad Iqbal                 •     Present
                             •   Discussion of Human Capital                •   Putrama Wahju Setyawan         •     Present
                                                                            •   Mucharom                       •     Present
                                                                            •   Toto Prasetio                  •     Present




                                                                                        Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   661
Page 75
          2023                     Management                    Company                 Management Discussion and                      Business Support
      Performance                    Report                       Profile              Analysis on Company Performance                     Functions




                                                              Board of Directors’ Meetings
        No.           Date                        Meeting Agenda                      Meeting Participants                   Attended              Note
                                                                                  •   Royke Tumilaar                     •   Official Duties
                                                                                  •   Adi Sulistyowati                   •   Present
                                                                                  •   Novita Widya Anggraini             •   Present
                                                                                  •   Corina Leyla Karnalies             •   Present
                                      •   Discussion on Branch Office
                                                                                  •   Sis Apik Wijayanto                 •   Present
                                          Relocation
                                                                                  •   David Pirzada                      •   Present           BNI Meeting
        42     October 16, 2023       •   General, including Regional Office
                                                                                  •   Silvano Winston Rumantir           •   Official Duties   Room
                                          Performance Updates
                                                                                  •   Ronny Venir                        •   Present
                                      •   Update CGPI
                                                                                  •   Muhammad Iqbal                     •   Present
                                                                                  •   Putrama Wahju Setyawan             •   Present
                                                                                  •   Mucharom                           •   Present
                                                                                  •   Toto Prasetio                      •   Official Duties
                                                                                  •   Royke Tumilaar                     •   Present
                                                                                  •   Adi Sulistyowati                   •   Present
                                                                                  •   Novita Widya Anggraini             •   Present
                                      •   General:                                •   Corina Leyla Karnalies             •   Present
                                          1. Regional Office Performance          •   Sis Apik Wijayanto                 •   Present
                                             Update                               •   David Pirzada                      •   Present           BNI Meeting
        43     October 23, 2023
                                          2. Update BNI Move                      •   Silvano Winston Rumantir           •   Present           Room
                                          3. Project Updates                      •   Ronny Venir                        •   Leave
                                      •   Procurement Committee                   •   Muhammad Iqbal                     •   Present
                                                                                  •   Putrama Wahju Setyawan             •   Present
                                                                                  •   Mucharom                           •   Present
                                                                                  •   Toto Prasetio                      •   Present
                                                                                  •   Royke Tumilaar                     •   Present
                                                                                  •   Adi Sulistyowati                   •   Present
                                      •   General:                                •   Novita Widya Anggraini             •   Present
                                          1. Regional Office Performance          •   Corina Leyla Karnalies             •   Present
                                             Update                               •   Sis Apik Wijayanto                 •   Present
                                          2. Update Branding Proposal             •   David Pirzada                      •   Present           BNI Meeting
        44     October 30, 2023
                                      •   Discussion of Institutional Banking     •   Silvano Winston Rumantir           •   Present           Room
                                      •   Project updates                         •   Ronny Venir                        •   Present
                                      •   Update Earnings Call Implementation     •   Muhammad Iqbal                     •   Present
                                          Plan                                    •   Putrama Wahju Setyawan             •   Present
                                                                                  •   Mucharom                           •   Present
                                                                                  •   Toto Prasetio                      •   Official Duties
                                                                                  •   Royke Tumilaar                     •   Present
                                                                                  •   Adi Sulistyowati                   •   Present
                                                                                  •   Novita Widya Anggraini             •   Present
                                                                                  •   Corina Leyla Karnalies             •   Official Duties
                                      •   General:
                                                                                  •   Sis Apik Wijayanto                 •   Present
                                          1. Delivery of Assessment
                                                                                  •   David Pirzada                      •   Present           BNI Meeting
        45     November 6, 2023           2. Regional Office Performance
                                                                                  •   Silvano Winston Rumantir           •   Official Duties   Room
                                             Update
                                                                                  •   Ronny Venir                        •   Present
                                      •   Dashboard updates
                                                                                  •   Muhammad Iqbal                     •   Present
                                                                                  •   Putrama Wahju Setyawan             •   Present
                                                                                  •   Mucharom                           •   Present
                                                                                  •   Toto Prasetio                      •   Present
                                                                                  •   Royke Tumilaar                     •   Present
                                                                                  •   Adi Sulistyowati                   •   Present
                                                                                  •   Novita Widya Anggraini             •   Present
                                                                                  •   Corina Leyla Karnalies             •   Present
                                      •   General                                 •   Sis Apik Wijayanto                 •   Present
                                      •   Review of Authority to Approve Credit   •   David Pirzada                      •   Present           BNI Meeting
        46     November 13, 2023
                                      •   Discussion of the Recovery Plan         •   Silvano Winston Rumantir           •   Present           Room
                                      •   Discussion of Consumer Segment          •   Ronny Venir                        •   Present
                                                                                  •   Muhammad Iqbal                     •   Present
                                                                                  •   Putrama Wahju Setyawan             •   Present
                                                                                  •   Mucharom                           •   Present
                                                                                  •   Toto Prasetio                      •   Present




662   From Local to Global
Page 76
Capital & Risk Management   Good Corporate        Social & Environmental              ESG                          Financial
          Practices          Governance               Responsibility               Commitment                     Statements




                                                    Board of Directors’ Meetings
 No.             Date                   Meeting Agenda                         Meeting Participants                 Attended             Note
                                                                           •   Royke Tumilaar                 •     Present
                                                                           •   Adi Sulistyowati               •     Present
                                                                           •   Novita Widya Anggraini         •     Present
                                                                           •   Corina Leyla Karnalies         •     Present
                                                                           •   Sis Apik Wijayanto             •     Present
                            •   Discussion of the RBB Proposal
                                                                           •   David Pirzada                  •     Present           Video
 47     November 14, 2023   •   Discussion of the Corporate Plan
                                                                           •   Silvano Winston Rumantir       •     Present           Conference
                                Proposal
                                                                           •   Ronny Venir                    •     Present
                                                                           •   Muhammad Iqbal                 •     Present
                                                                           •   Putrama Wahju Setyawan         •     Leave
                                                                           •   Mucharom                       •     Present
                                                                           •   Toto Prasetio                  •     Present
                                                                           •   Royke Tumilaar                 •     Present
                                                                           •   Adi Sulistyowati               •     Present
                                                                           •   Novita Widya Anggraini         •     Present
                                                                           •   Corina Leyla Karnalies         •     Present
                            •   Project updates                            •   Sis Apik Wijayanto             •     Present
                            •   Financial Updates                          •   David Pirzada                  •     Present           BNI Meeting
 48     November 20, 2023
                            •   Discussion of Internal Control             •   Silvano Winston Rumantir       •     Present           Room
                            •   Technology Management Committee            •   Ronny Venir                    •     Present
                                                                           •   Muhammad Iqbal                 •     Present
                                                                           •   Putrama Wahju Setyawan         •     Present
                                                                           •   Mucharom                       •     Present
                                                                           •   Toto Prasetio                  •     Present
                                                                           •   Royke Tumilaar                 •     Present
                                                                           •   Adi Sulistyowati               •     Official Duties
                                                                           •   Novita Widya Anggraini         •     Official Duties
                                                                           •   Corina Leyla Karnalies         •     Present
                            •   General                                    •   Sis Apik Wijayanto             •     Present
                            •   Discussion of Event Proposals              •   David Pirzada                  •     Present           BNI Meeting
 49     November 27, 2023
                            •   Procurement Discussion                     •   Silvano Winston Rumantir       •     Official Duties   Room
                            •   Regional Office Performance Update         •   Ronny Venir                    •     Present
                                                                           •   Muhammad Iqbal                 •     Present
                                                                           •   Putrama Wahju Setyawan         •     Present
                                                                           •   Mucharom                       •     Present
                                                                           •   Toto Prasetio                  •     Present
                                                                           •   Royke Tumilaar                 •     Present
                                                                           •   Adi Sulistyowati               •     Present
                                                                           •   Novita Widya Anggraini         •     Present
                                                                           •   Corina Leyla Karnalies         •     Present
                                                                           •   Sis Apik Wijayanto             •     Present
                            •   Discussion of Subsidiaries                 •   David Pirzada                  •     Present           BNI Meeting
 50     December 4, 2023
                            •   Discussion of Human Capital                •   Silvano Winston Rumantir       •     Present           Room
                                                                           •   Ronny Venir                    •     Present
                                                                           •   Muhammad Iqbal                 •     Present
                                                                           •   Putrama Wahju Setyawan         •     Present
                                                                           •   Mucharom                       •     Present
                                                                           •   Toto Prasetio                  •     Present
                                                                           •   Royke Tumilaar                 •     Present
                                                                           •   Adi Sulistyowati               •     Leave
                                                                           •   Novita Widya Anggraini         •     Leave
                            •   General                                    •   Corina Leyla Karnalies         •     Present
                            •   Human Capital Agenda                       •   Sis Apik Wijayanto             •     Present
                            •   Project Discussion                         •   David Pirzada                  •     Present           BNI Meeting
 51     December 11, 2023
                            •   Discussion of Project Procurement          •   Silvano Winston Rumantir       •     Present           Room
                            •   Discussion of Central Counterparty         •   Ronny Venir                    •     Present
                                Cooperation                                •   Muhammad Iqbal                 •     Present
                                                                           •   Putrama Wahju Setyawan         •     Present
                                                                           •   Mucharom                       •     Present
                                                                           •   Toto Prasetio                  •     Present
                                                                           •   Royke Tumilaar                 •     Present
                                                                           •   Adi Sulistyowati               •     Leave
                                                                           •   Novita Widya Anggraini         •     Present
                                                                           •   Corina Leyla Karnalies         •     Present
                            •   General, including Updates on End of       •   Sis Apik Wijayanto             •     Present
                                Year Peak Season Preparations from         •   David Pirzada                  •     Present           BNI Meeting
 52     December 18, 2023
                                the IT and Operations Side                 •   Silvano Winston Rumantir       •     Present           Room
                            •   Bank Performance Update                    •   Ronny Venir                    •     Present
                                                                           •   Muhammad Iqbal                 •     Present
                                                                           •   Putrama Wahju Setyawan         •     Present
                                                                           •   Mucharom                       •     Present
                                                                           •   Toto Prasetio                  •     Present



                                                                                       Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   663
Page 77
          2023                      Management               Company                 Management Discussion and              Business Support
      Performance                     Report                  Profile              Analysis on Company Performance             Functions




      ATTENDANCE LEVELS OF BOARD OF DIRECTORS MEMBERS AT BOARD OF DIRECTORS' MEETINGS,
      JOINT BOARD OF DIRECTORS WITH THE BOARD OF COMMISSIONERS MEETINGS, AND GMS
      During 2023, the Board of Directors has held 52 (fifty two) Board of Directors meetings and 7 (seven) Board of Directors
      meetings with the Board of Commissioners, and 2 (two) GMS.The following is the frequency and attendance of meetings
      for each member of the Board of Directors:
                                                                                                          Board of Commissioners with the
                                                         Board of Directors‘ Meetings
                                                                                                            Board of Directors Meetings
        Name of Director                                     Number and % attended                            Number and % attended
                                                  Number of                                               Number of
                                                                        Number Attended       %                          Number Attended
                                                  Meetings                                                Meetings
        Royke Tumilaar
                                                        52                    50             96%                7                  2
        (President Director)
        Adi Sulistyowati
                                                        52                    45             87%                7                  4
        (Vice President Director)
        Novita Widya Anggraini
                                                        52                    47             90%                7                  7
        (Finance Director)
        Corina Leyla Karnalies
        (Digital and Integrated Transaction             52                    47             90%                7                  7
        Banking Director)
        Sis Apik Wijayanto
        (Enterprise and Commercial Banking              52                    49             94%                7                  6
        Director)
        David Pirzada
                                                        52                    48             92%                7                  6
        (Risk Management Director)
        Silvano Winston Rumantir
        (Wholesale and International Banking            52                    46             88%                7                  3
        Director)
        Ronny Venir
                                                        52                    49             94%                7                  5
        (Network & Services Director)
        Muhammad Iqbal
                                                        52                    46             88%                7                  5
        (Institutional Banking Director)
        Putrama Wahju Setyawan
                                                        52                    50             96%                7                  7
        (Retail Banking Director)
        Mucharom
                                                        52                    49             94%                7                  6
        (Human Capital and Compliance Director)
        Toto Prasetio
                                                        52                    48             92%                7                  5
        (Technology and Operations Director)


      MEETINGS SCHEDULED FOR 2024
      Article 13 of the Articles of Association states that the Board of Directors is required to hold regular Board of Directors
      meetings at least 1 (one) time every month. Meetings of the Board of Directors can be held at any time if deemed
      necessary by one or more members of the Board of Directors, or at the written request of one or more members of the
      Board of Commissioners.

      Meetings are scheduled to be held 12 (twelve) times. The Board of Directors meeting schedule for 2024 is as follows:
        No.                    Month                                                        Agenda
                                                  •   Discussion of the 2024 Business Meeting
                                                  •   Financial statements
                                                  •   Performance and Financial Evaluation
                                                  •   Business and Operational Evaluation
        1      January
                                                  •   Transformation
                                                  •   Evaluation of ESG Implementation
                                                  •   Annual GMS Plan for Fiscal Year 2023
                                                  •   Proposed Cash Dividend Performance for Fiscal Year 2023
                                                  •   Corporate Plan and RBB
                                                  •   Business Continuity Management
        2      February
                                                  •   Investor Relations & BBNI Shares
                                                  •   MSME Business Review & Strategy
                                                  •   IT Architecture and Digitalization
                                                  •   Banking Operations
        3      March
                                                  •   Human Resources Evaluation and Strategy
                                                  •   Corporate Banking Business Review & Strategy




664   From Local to Global
Page 78
Capital & Risk Management       Good Corporate         Social & Environmental            ESG                           Financial
          Practices              Governance                Responsibility             Commitment                      Statements




                     Annual GMS for fiscal year 2022                                          Extraordinary GMS 2023

                        Number and % attended                                                 Number and % attended

  Number of Meetings                Number Attended             %           Number of Meetings         Number Attended                   %


                 1                         1                  100%                   1                            1                    100%

                 1                         1                  100%                   1                            1                    100%

                 1                         1                  100%                   1                            1                    100%


                 1                         1                  100%                   1                            1                    100%



                 1                         1                  100%                   1                            1                    100%


                 1                         1                  100%                   1                            1                    100%


                 1                         1                  100%                   1                            1                    100%


                 1                         1                  100%                   1                            1                    100%

                 1                         1                  100%                   1                            1                    100%

                 1                         1                  100%                   1                            1                    100%

                 1                         1                  100%                   1                            1                    100%

                 1                         1                  100%                   1                            1                    100%


 No.                        Month                                                           Agenda
                                                 •   Risk management
                                                 •   Internal control
 4       April                                   •   Consumer Business Review & Strategy
                                                 •   Evaluation of Editing Policies, Funds and Services
                                                 •   Evaluation of ESG Implementation
                                                 •   Equity capital
                                                 •   Evaluation of Subsidiary Company Performance
 5       May
                                                 •   Integrated Risk Management & Governance
                                                 •   Evaluation & Remedial Recovery Strategy
                                                 •   Government, Risk, and Compliance
                                                 •   Review of Anti-Gratification & Anti-Bribery Policies
 6       June                                    •   Evaluation of Office Networks & Digitalization of Services
                                                 •   Banking Ratios
                                                 •   Review of RBB Realization
                                                 •   Performance and Financial Evaluation
                                                 •   Performance and International Business Reviews
                                                 •   Treasury Business Review
 7       July
                                                 •   Transformation
                                                 •   Big Data Evaluation and Strategy
                                                 •   Evaluation of ESG Implementation
                                                 •   Bank Capital
                                                 •   Assets & Liabilities
 8       August
                                                 •   Review of Company Organizational Effectiveness
                                                 •   Review & Business Strategy of Institutional & Transactional Relations
                                                 •   Bank Income Evaluation and Strategy
 9       September                               •   Performance and Financial Evaluation
                                                 •   Digitalization and Anti-Cyber Crime Strategy


                                                                                          Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   665
Page 79
          2023                     Management                      Company                    Management Discussion and                Business Support
      Performance                    Report                         Profile                 Analysis on Company Performance               Functions




        No.                   Month                                                                  Agenda
                                                        •   Human Resource Management Strategy
        11     October                                  •   Banking Ratios
                                                        •   Evaluation of Bank Products & Services
                                                        •   Bank Asset Management
        12     November                                 •   Business Innovation
                                                        •   Evaluation of Bank Products & Services
                                                        •   Banking Operations
                                                        •   Performance and Financial Evaluation
                                                        •   Evaluation of Target Achievement
        13     December
                                                        •   Strategy & Transformation Evaluation
                                                        •   Evaluation of BNI Share Performance
                                                        •   Evaluation of ESG Implementation

      TRAINING AND/OR COMPETENCY IMPROVEMENT OF THE BOARD OF DIRECTORS

      POLICY                                                                         To ensure that members of the Board of Directors
      Based on Financial Services Authority Regulation (POJK)                        understand the roles and responsibilities, characteristics
      Number 24 of 2022, it is stipulated that banks are required                    and operations of the Company, as well as understand
      to carry out HR management and develop the quality of                          developments in regulations and standards relevant to
      their human resources on an ongoing basis.The Company                          the Company's business, every year the Board of Directors
      has prepared a plan to develop the quality of the Board of                     carries out competency enhancement or knowledge
      Commissioners through development programs, either                             refreshment through Executive Education, Certification
      implemented by the Company, implemented by the                                 and other activities carried out in the context of increasing
      Company in collaboration with other parties (expertise),                       competence.
      or involving the Board of Commissioners in competency
      improvement programs organized by other parties.

      TRAINING AND/OR IMPROVING THE COMPETENCY OF BOARD OF DIRECTORS
      The following is the training and/or competency that members of the Board of Directors participated in throughout 2023:

                                              Training and/or Competency Improvement in Fiscal Year 2023
               Name of Training/Workshop/                         Implementation          Implementation             Type of
        No.                                                                                                                                 Organizer
               Conference/Seminar                                      date                   Venue                 Education
        Royke Tumilaar - President Director
        1      Power Lunch: Money Talks                           February 16, 2023      Offline                Economy            CNBC
                                                                                                                                   Indonesian Banking
        2      SESPIBANK Class 76 of 2023                         February 21, 2023      Offline                Economy
                                                                                                                                   Development Institute (LPPI)
               Economic Outlook: Maintaining Economic
        3                                                         February 28, 2023      Offline                Economy            CNBC
               Momentum Amid Uncertainty
               CEO Talk UGM 2023: Becoming An                                                                                      Gadjah Mada University
        4                                                         March 8, 2023          Offline                Economy
               Entrepreneur                                                                                                        (UGM)
               Power Breakfast: BNI Strategy to Improve                                                                            Indonesian Stock Exchange
        5                                                         March 24, 2023         Online                 Economy
               Performance in 2023                                                                                                 (IDX)
               91st LPPI Virtual Seminar: Lessons Learned in                                                                       Indonesian Banking
        6                                                         April 06, 2023         Online                 Economy
               the Case of Silicon Valley Bank SVB                                                                                 Development Institute (LPPI)
               CEO Talk Trisakti 2023: Becoming An
        7                                                         August 29, 2023        Jakarta                Entrepreneurship   Universitas Trisakti
               Entrepreneur
               Compliance Forum - Anti Money Laundering
               and Prevention of Terrorism Financing and                                 Graha BNI Fl. 25                          PT Bank Negara
        8                                                         August 30, 2023                               Sharing Session
               Prevention of Proliferation Funding Weapons of                            Jakarta                                   Indonesia (Persero), Tbk
               Mass Destruction (APU PPT & PPPSPM) 2023
                                                                                                                                   Indonesian Banking
        9      Visionary Leadership                               September 18, 2023     Jakarta                Leadership
                                                                                                                                   Development Institute (LPPI)
                                                                                                                                   Indonesian Banking
        10     SESPIBANK Class 77 of 2023                         October 11, 2023       Online                 Economy
                                                                                                                                   Development Institute (LPPI)
        11     Executive training: Venture Capital                October 16-18, 2023    US                     Economy            Columbia Business School
        12     Power Lunch: Money Talks                           November 2, 2023       Online                 Economy            CNBC
               Synergies, Opportunities and Challenges of BNI                                                                      Ministry of Foreign Affairs
        13                                                        November 8, 2023       Seoul, Korsel          Economy
               Go Global in the Asia Pacific and Africa Regions                                                                    of the Republic of Indonesia
        Adi Sulistyowati – Vice President Director
                                                                                         Graha BNI Fl. 25                          PT Bank Negara Indonesia
        1      FY2022 Earnings Call and Press Conference          January 24, 2023                              Workshop
                                                                                         Jakarta                                   (Persero), Tbk

666   From Local to Global
Page 80
Capital & Risk Management        Good Corporate            Social & Environmental           ESG                        Financial
          Practices               Governance                   Responsibility            Commitment                   Statements




                                        Training and/or Competency Improvement in Fiscal Year 2023
         Name of Training/Workshop/                           Implementation        Implementation            Type of
 No.                                                                                                                                     Organizer
         Conference/Seminar                                        date                 Venue                Education
                                                                                    Mulia Resort Nusa                          PT Bank Negara Indonesia
 2       Business Meeting 2023                               February 12, 2023                            Workshop
                                                                                    Dua Bali                                   (Persero), Tbk
                                                                                    Mulia Resort Nusa                          PT Bank Negara Indonesia
 3       Leadership Forum                                    February 13, 2023                            Workshop
                                                                                    Dua Bali                                   (Persero), Tbk
                                                                                    BNI Pejompongan                            PT Bank Negara Indonesia
 4       Entry Meeting BPK RI                                February 17, 2023                            Seminar
                                                                                    Tower                                      (Persero), Tbk
                                                                                    Graha BNI Fl. 25                           PT Bank Negara Indonesia
 5       Earnings Call 1Q 2023                               April 18, 2023                               Workshop
                                                                                    Jakarta                                    (Persero), Tbk
         Indonesian Digital Financial Economy Festival
                                                                                    Jakarta
         (FEKDI) 2023 "Synergy and Innovation of Digital
 6                                                           May 7-8, 2023          Convention Center     Seminar              Bank Indonesia
         Economy: Fostering Growth" through Digital
                                                                                    (JCC)
         Talent and Financial Inclusion”
                                                                                    BNI Pejompongan                            PT Bank Negara Indonesia
 7       Region 10 Office NGETREND Program                   May 16, 2023                                 Sharing Session
                                                                                    Tower                                      (Persero), Tbk
         Sharing Session Development,
                                                                                    Graha BNI Fl. 25                           PT Bank Negara Indonesia
 8       Characteristics and Risk Management of the          May 22, 2023                                 Sharing Session
                                                                                    Jakarta                                    (Persero), Tbk
         Pension Fund Industry
                                                                                    Hotel Aston
 9       BNI Workers Union National Conference               May 23, 2023                                 Sharing Session      BNI Workers Union
                                                                                    Kartika Jakarta
         FGD on Regulations for Opening Accounts
                                                                                    Hotel Shangri La                           PT Bank Negara Indonesia
 10      Abroad with the Ministry of Law and Human           May 26, 2023                                 Workshop
                                                                                    Jakarta                                    (Persero), Tbk
         Rights and Dukcapil
         Earnings Call and Press Conference 2Q                                      Graha BNI Fl. 25                           PT Bank Negara Indonesia
 11                                                          July 25, 2023                                Workshop
         2023Earnings Call and Press Conference 2Q 2023                             Jakarta                                    (Persero), Tbk
                                                                                    Apurva Kempinski                           PT Bank Negara Indonesia
 12      Business Meeting BNI Semester II 2023               July 27-28, 2023                             Workshop
                                                                                    Bali                                       (Persero), Tbk
                                                                                    Harris Vertu                               PT Bank Negara
 13      Area Head Onboarding Program                        August 10, 2023                              Workshop
                                                                                    Harmoni Jakarta                            Indonesia (Persero), Tbk
                                                                                                                               PT Bank Negara Indonesia
 14      Board Business Meeting                              August 17-22, 2023     Amsterdam             Workshop
                                                                                                                               (Persero), Tbk
         Compliance Forum - Anti Money Laundering
         and Prevention of Terrorism Financing and                                  Graha BNI Fl. 25                           PT Bank Negara Indonesia
 15                                                          August 30, 2023                              Sharing Session
         Prevention of Proliferation Funding Weapons of                             Jakarta                                    (Persero), Tbk
         Mass Destruction (APU PPT & PPPSPM) 2023
                                                                                    Mandiri University
         Strategic Business Workshop Deputy Minister                                Kampus                                     Ministry of State-Owned
 16                                                          September 11, 2023                           Workshop
         of BUMN Rosan Roeslani                                                     Wijayakusuma,                              Enterprises
                                                                                    Jakarta
                                                             September 14-14,       Hotel Tentrem                              Ministry of State-Owned
 17      2023 KBUMN Working Meeting                                                                       Workshop
                                                             2023                   Yogyakarta                                 Enterprises
         Socialization and Launching of Online               September 21-14,                                                  PT Bank Negara Indonesia
 18                                                                                 KCLN HongKong         Workshop
         Account Opening Using IKD and NIT                   2023                                                              (Persero), Tbk
         Forum Group Discussion with Commission                                     BNI Pejompongan                            PT Bank Negara Indonesia
 19                                                          October 2, 2023                              Workshop
         XI DPR RI                                                                  Tower                                      (Persero), Tbk
                                                                                    City Forest                                PT Bank Negara Indonesia
 20      Investor Daily Summit 2023                          October 24, 2023                             Seminar
                                                                                    Platform                                   (Persero), Tbk
                                                                                    Graha BNI Fl. 25                           PT Bank Negara Indonesia
 21      Earnings Call 3Q 2023 via Vidcon                    October 31, 2023                             Seminar
                                                                                    Jakarta                                    (Persero), Tbk
         Executive Education-Digital Transformation          November 24-25,        Lausanne,
 22                                                                                                       Pelatihan            IMD Business School
         for Boards                                          2023                   Switzerland
                                                             December 21-23,        Mason Pine Hotel,                          PT Bank Negara Indonesia
 23      Board Business Meeting                                                                           Workshop
                                                             2023                   Padalarang                                 (Persero), Tbk
 Novita Widya Anggraini – Finance Director
         CEO Banking Forum "Leadership Sharing                                      Financial Hall,
                                                                                                                               Indonesian Bankers
 1       Welcoming the New Year with More                    January 9, 2023        Graha CIMB Niaga      Seminar
                                                                                                                               Association
         Optimism"                                                                  Lantai 2
                                                                                    Graha BNI Fl. 25                           PT Bank Negara Indonesia
 2       FY2022 Earnings Call and Press Conference           January 24, 2023                             Workshop
                                                                                    Jakarta                                    (Persero), Tbk
                                                                                    Mulia Resort Nusa                          PT Bank Negara Indonesia
 3       Business Meeting 2023                               February 12, 2023                            Workshop
                                                                                    Dua Bali                                   (Persero), Tbk
                                                                                    Mulia Resort Nusa                          PT Bank Negara Indonesia
 4       Leadership Forum                                    February 13, 2023                            Workshop
                                                                                    Dua Bali                                   (Persero), Tbk


                                                                                             Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   667
Page 81
          2023                    Management                     Company                 Management Discussion and              Business Support
      Performance                   Report                        Profile              Analysis on Company Performance             Functions




                                             Training and/or Competency Improvement in Fiscal Year 2023
               Name of Training/Workshop/                       Implementation       Implementation             Type of
        No.                                                                                                                          Organizer
               Conference/Seminar                                    date                Venue                 Education
                                                                                     BNI Pejompongan                         PT Bank Negara Indonesia
        5      Entry Meeting BPK RI                             February 17, 2023                          Seminar
                                                                                     Tower                                   (Persero), Tbk
                                                                                                                             PT Bank Negara Indonesia
        6      Business Meeting Regional Office 14              February 17, 2023    Virtual               Source person
                                                                                                                             (Persero), Tbk
               BNI Emerald Market Outlook, Optimizing
                                                                                                                             PT Bank Negara Indonesia
        7      Financial Oppurtunities as Epicentrum of         March 9, 2023        Hotel Kempinski       Workshop
                                                                                                                             (Persero), Tbk
               Growth
                                                                                     Graha BNI Fl. 25                        PT Bank Negara Indonesia
        8      Earnings Call 1Q 2023                            April 18, 2023                             Workshop
                                                                                     Jakarta                                 (Persero), Tbk
                                                                                                                             PT Bank Negara Indonesia
        9      RBB Revision Preparation Workshop                May 5, 2023          BNI SLIPI             Workshop
                                                                                                                             (Persero), Tbk
                                                                                     BNI Pejompongan                         PT Bank Negara Indonesia
        10     Program NGETREND W10                             May 16, 2023                               Sharing Session
                                                                                     Tower                                   (Persero), Tbk
               Sharing Session Development,
                                                                                     Graha BNI Fl. 25                        PT Bank Negara Indonesia
        11     Characteristics and Risk Management of the       May 23, 2023                               Sharing Session
                                                                                     Jakarta                                 (Persero), Tbk
               Pension Fund Industry
               Compliance Forum - Anti Money Laundering
               and Prevention of Terrorism Financing and                             Graha BNI Fl. 25                        PT Bank Negara
        12                                                      August 30, 2023                            Sharing Session
               Prevention of Proliferation Funding Weapons of                        Jakarta                                 Indonesia (Persero), Tbk
               Mass Destruction (APU PPT & PPPSPM) 2023
               Women's Talk IDX: Financial Performance,
        13     Growth Projections and Women's Leadership        September 1, 2023    Youtube               Source person     IDX Channel
               at BNI Bank
                                                                                     BNI Tower                               PT Bank Negara Indonesia
        14     Business Meeting BNI Regional Office 10          September 1, 2023                          Source person
                                                                                     Ballroom                                (Persero), Tbk
                                                                                     Harris Vertu                            PT Bank Negara Indonesia
        15     Area Head Onboarding Program                     August 9, 2023                             Source person
                                                                                     Harmoni                                 (Persero), Tbk
                                                                                     Mandiri University
               Strategic Business Workshop Deputy Minister                                                                   PT Bank Negara Indonesia
        16                                                      September 11, 2023   Campus                Workshop
               of BUMN Rosan Roeslani                                                                                        (Persero), Tbk
                                                                                     Wijayakusuma
               Resource Person for Srikandi BUMN Goes to
                                                                                     Makara Art Center
        17     UI Campus: “Prepare Yourself to be Global        September 13, 2023                         Source person     Srikandi SOE
                                                                                     UI
               Talent and Bring Indonesia to the World”
               Resource Person for the Srikandi BUMN
                                                                                     Makara Art Center
        18     Goes to UI Campus "Be Global & Bring             September 13, 2023                         Seminar           SRIKANDI SOE
                                                                                     UI, Depok
               Indonesia To The World" event
                                                                                     Royal
               Forum for Strengthening Governance and                                                                        Ministry of State-Owned
        19                                                      September 26, 2023   Ambarrukmo,           Workshop
               Integrity of Financial Reporting                                                                              Enterprises
                                                                                     Yogyakarta
                                                                                     BNI Pejompongan
               Forum Group Discussion with Commission                                                                        PT Bank Negara Indonesia
        20                                                      October 2, 2023      Tower Ballroom,       Workshop
               XI DPR RI                                                                                                     (Persero), Tbk
                                                                                     Jakarta
               BNI Event Opportunity in Indonesia Equity                             The St. Regis                           PT Bank Negara Indonesia
        21                                                      October 2, 2023                            Seminar
               Market                                                                Hotel Jakarta                           (Persero), Tbk
               Race talk Series Elevate Bank Performance                             Live on BNICorpu                        PT Bank Negara Indonesia
        22                                                      October 6, 2023                            Source person
               Through PMS 3D                                                        TV                                      (Persero), Tbk
               Talkshow on Implementation of Consumer                                BNI Pejompongan
                                                                                                                             PT Bank Negara Indonesia
        23     and Community Protection in accordance           October 10, 2023     Tower Ballroom,       Seminar
                                                                                                                             (Persero), Tbk
               with POJK Number 6/POJK.07/2022                                       Jakarta
               Workshop on Preparing a Corporate Plan                                                                        PT Bank Negara Indonesia
        24                                                      October 17, 2023     Shangrila Jakarta     Workshop
               2024-2028                                                                                                     (Persero), Tbk
                                                                                     City Forest                             PT Bank Negara Indonesia
        25     Investor Daily Summit 2023                       October 24, 2023                           Seminar
                                                                                     Platform                                (Persero), Tbk
                                                                                     Graha BNI Fl. 25                        PT Bank Negara Indonesia
        26     Earnings Call 3Q 2023 via Vidcon                 October 31, 2023                           Seminar
                                                                                     Jakarta                                 (Persero), Tbk
               Workshop 5 Years Plan 2023-2028 PT Bank                               BNI Pejompongan                         PT Bank Negara Indonesia
        27                                                      November 2, 2023                           Workshop
               Hibank Indonesia                                                      Tower                                   (Persero), Tbk
               Chartered Account Professionalism                                                                             Indonesian Accountants
        28                                                      December 4-8, 2023   Online                Pelatihan
               Improvement Program                                                                                           Association
        Corina Leyla Karnalies - Direktur Digital and Integrated Transaction Banking
               CEO Banking Forum "Leadership Sharing
                                                                                                                             Indonesian Bankers
        1      Welcoming the New Year with More                 January 9, 2023      Jakarta               Seminar
                                                                                                                             Association
               Optimism"

668   From Local to Global
Page 82
Capital & Risk Management        Good Corporate          Social & Environmental             ESG                       Financial
          Practices               Governance                 Responsibility              Commitment                  Statements




                                        Training and/or Competency Improvement in Fiscal Year 2023
         Name of Training/Workshop/                         Implementation        Implementation             Type of
 No.                                                                                                                                    Organizer
         Conference/Seminar                                      date                 Venue                 Education
         CT Corp Leadership Forum with YAB DATO'
 2       SERI ANWAR IBRAHIM (Prime Minister of             January 9, 2023        Jakarta                Seminar              CT Corp
         Malaysia)
         Workshop on Strengthening Talent
         Performance and Talent Management for                                                                                PT Bank Negara Indonesia
 3                                                         January 11, 2023       Jakarta                Workshop
         Regional Office Leaders in Supporting BNI                                                                            (Persero), Tbk
         Outlet Transformation
                                                                                                                              PT Bank Negara Indonesia
 4       Workshop Consumer Banking                         January 13, 2023       Jakarta                Workshop
                                                                                                                              (Persero), Tbk
                                                                                                                              PT Bank Negara Indonesia
 5       BNI Emerald Next GEN Community 2023               January 18, 2023       Jakarta                Seminar
                                                                                                                              (Persero), Tbk
                                                                                                                              PT Bank Negara Indonesia
 6       FY2022 Earnings Call and Press Conference         February 24, 2023      Jakarta                Workshop
                                                                                                                              (Persero), Tbk
                                                                                                                              PT Bank Negara Indonesia
 7       Business Meeting 2023                             February 12, 2023      Bali                   Workshop
                                                                                                                              (Persero), Tbk
                                                                                                                              PT Bank Negara Indonesia
 8       Leadership Forum                                  February 13, 2023      Bali                   Workshop
                                                                                                                              (Persero), Tbk
                                                                                                                              PT Bank Negara Indonesia
 9       Regional Office Business Meeting 08               February 24, 2023      Online                 Workshop
                                                                                                                              (Persero), Tbk
                                                                                                                              PT Bank Negara Indonesia
 10      Regional Office Business Meeting 15               March 3, 2023          Online                 Workshop
                                                                                                                              (Persero), Tbk
                                                                                                                              PT Bank Negara Indonesia
 11      BNI Emerald Market Outlook 2023                   March 9, 2023          Jakarta                Workshop
                                                                                                                              (Persero), Tbk
                                                                                                                              PT Bank Negara Indonesia
 12      Merchant Business Workshop                        March 24, 2023         Jakarta                Workshop
                                                                                                                              (Persero), Tbk
                                                                                                                              PT Bank Negara Indonesia
 13      Meetings and Sharing Sessions with Sales          March 24, 2023         Jakarta                Sharing Session
                                                                                                                              (Persero), Tbk
         High Level Seminar The Asean Finance
 14      Ministers And Central Bank Governors              March 28, 2023         Bali                   Seminar              Bank Indonesia (BI)
         Meeting
                                                                                                                              PT Bank Negara Indonesia
 15      Earnings Call 1Q 2023                             April 18, 2023         Jakarta                Workshop
                                                                                                                              (Persero), Tbk
         Indonesian Digital Financial Economy
         Festival (FEKDI) 2023 "Synergy and
 16      Innovation of Digital Economy: Fostering          April 9-10, 2023       Jakarta                Seminar              Bank Indonesia (BI)
         Growth" Day – 2 : "Forging Cross-Border
         Economic Interlinkage"
         Executive Education Cambridge Judge
                                                                                                         Executive            Cambridge Judge Business
 17      Business School : Digital Inovation &             May 25-26, 2023        Cambridge, UK
                                                                                                         Education            School
         Transformation
         Opening of Transactional Banking Training for                                                                        PT Bank Negara Indonesia
 18                                                        June 10, 2023          Jakarta                Workshop
         Deputy Regional Leaders and Branch Leaders                                                                           (Persero), Tbk
         Central Banking Festival Services (CBFest)
 19      2023 - Building National Economic Resilience      June 19, 2023          Jakarta                Seminar              Bank Indonesia (BI)
         Through Trade & Finance Digitalization
         Town Hall Meeting Socialization and Kick Off
                                                                                                                              PT Bank Negara Indonesia
 20      for WPP, WDC, RPP, RDC and CTW Migration          June 26, 2023          Jakarta                Workshop
                                                                                                                              (Persero), Tbk
         Divisions
                                                                                                                              PT Bank Negara Indonesia
 21      Brevet Wholesale Transactional Banking            July 18, 2023          Jakarta                Workshop
                                                                                                                              (Persero), Tbk
                                                                                                                              PT Bank Negara Indonesia
 22      Earnings Call and Press Conference 2Q 2023        July 25, 2023          Jakarta                Seminar
                                                                                                                              (Persero), Tbk
         BNI Business Meeting "Empowering
                                                                                                                              PT Bank Negara Indonesia
 23      Performance- Driven Strategies For Long-          July 27-28, 2023       Bali                   Workshop
                                                                                                                              (Persero), Tbk
         Term Corporate Goals
                                                                                                                              PT Bank Negara Indonesia
 24      Workshop Area Head On Boarding Program            August 10, 2023        Jakarta                Workshop
                                                                                                                              (Persero), Tbk
         Resource Person for Inspirational Discussion
                                                                                                                              Congress of Indonesian
 25      CID - 7 "Becoming the Top Five World              August 12, 2023        Jakarta                Seminar
                                                                                                                              Diaspora
         Economies"
         Webinar on National Socialization of
 26                                                        August 12, 2023        Online                 Seminar              Bank Indonesia (BI)
         Indonesian Credit Card Implementation



                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   669
Page 83
          2023                    Management                    Company                 Management Discussion and              Business Support
      Performance                   Report                       Profile              Analysis on Company Performance             Functions




                                             Training and/or Competency Improvement in Fiscal Year 2023
               Name of Training/Workshop/                      Implementation       Implementation             Type of
        No.                                                                                                                         Organizer
               Conference/Seminar                                   date                Venue                 Education
                                                                                                                            PT Bank Negara Indonesia
        27     Business Meeting 2023                           August 18-21, 2023   Amsterdam             Workshop
                                                                                                                            (Persero), Tbk
                                                                                                                            PT Bank Negara Indonesia
        28     Workshop Project AVATAR BNI                     September 1, 2023    Jakarta               Workshop
                                                                                                                            (Persero), Tbk
               BNI Sharing Session Series IV - Development
                                                                                                                            PT Bank Negara Indonesia
        29     of Characteristics and Risk Management of       September 5, 2023    Jakarta               Workshop
                                                                                                                            (Persero), Tbk
               the Multifinance Industry
               Resource Person for the Srikandi BUMN
        30     Goes to UI Campus "Be Global & Bring            September 13, 2023   Jakarta               Seminar           SOE SRIKANDI
               Indonesia To The World" event
               Resource Person for the Launching of
        31     Srikandi Perum BULOG "Srikandi.. What To        September 27, 2023   Jakarta               Seminar           SRIKANDI SOE
               Know, What To Do
               Forum Group Discussion with Commission                                                                       PT Bank Negara Indonesia
        32                                                     October 2, 2023      Jakarta               Workshop
               XI DPR RI                                                                                                    (Persero), Tbk
               Talkshow on Implementation of Consumer
                                                                                                                            PT Bank Negara Indonesia
        33     and Community Protection in accordance          October 10, 2023     Jakarta               Workshop
                                                                                                                            (Persero), Tbk
               with POJK Number 6/POJK.07/2022
                                                                                                                            PT Bank Negara Indonesia
        34     Workshop Onboarding RBD-RCF                     October 20, 2023     Jakarta               Workshop
                                                                                                                            (Persero), Tbk
               Resource Person at Investor Daily Summit                                                                     B Universe & PT Bank
        35     2023 "Digital Economy: New Sources of           October 24, 2023     Jakarta               Seminar           Negara Indonesia (Persero),
               Growth)"                                                                                                     Tbk
                                                                                                                            PT Bank Negara Indonesia
        36     Earnings Call 3Q 2023 via Vidcon                October 31, 2023     Online                Seminar
                                                                                                                            (Persero), Tbk
               Wholesale & International Banking                                                                            PT Bank Negara Indonesia
        37                                                     November 3, 2023     Semarang              Workshop
               Leadership Forum 2023                                                                                        (Persero), Tbk
               Workshop Sektor Digital & Integrated                                                                         PT Bank Negara Indonesia
        38                                                     November 10, 2023    Jakarta               Workshop
               Transaction Banking Tahun 2023                                                                               (Persero), Tbk
                                                               December 21-23,                                              PT Bank Negara Indonesia
        39     Board Business Meeting                                               Bandung               Workshop
                                                               2023                                                         (Persero), Tbk
        Sis Apik Wijayanto - Direktur Enterprise and Commercial Banking
               CEO Banking Forum "Leadership Sharing
                                                                                                                            Indonesian Bankers
        1      Welcoming the New Year with More                January 9, 2023      Jakarta               Seminar
                                                                                                                            Association (IBI)
               Optimism"
                                                                                                                            PT Bank Negara Indonesia
        2      FY2022 Earnings Call and Press Conference       January 24, 2023     Jakarta               Workshop
                                                                                                                            (Persero), Tbk
                                                                                                                            PT Bank Negara Indonesia
        3      Region 10 Business Meeting                      February 3, 2023     Bogor                 Sharing Session
                                                                                                                            (Persero), Tbk
                                                                                                                            PT Bank Negara Indonesia
        4      Socialization of KUR Policy in 2023             February 8, 2023     Online                Sharing Session
                                                                                                                            (Persero), Tbk
               Webinar: Blockchain Applications in the World
        5                                                      February 8, 2023     Online                Webinar           PERBANAS
               of Banking and Finance
                                                                                                                            PT Bank Negara Indonesia
        6      Business Meeting 2023                           February 12, 2023    Bali                  Workshop
                                                                                                                            (Persero), Tbk
                                                                                                                            PT Bank Negara Indonesia
        7      Entry Meeting BPK RI                            February 17, 2023    Jakarta               Workshop
                                                                                                                            (Persero), Tbk
                                                                                                                            PT Bank Negara Indonesia
        8      Sharing Session - Refreshment Jakarta Area      March 2, 2023        Jakarta               Sharing Session
                                                                                                                            (Persero), Tbk
               Sharing Session - Refreshment Semarang                                                                       PT Bank Negara Indonesia
        9                                                      March 14, 2023       Semarang              Sharing Session
               Area                                                                                                         (Persero), Tbk
                                                                                                                            PT Bank Negara Indonesia
        10     Earnings Call 1Q 2023                           April 18, 2023       Jakarta               Workshop
                                                                                                                            (Persero) Tbk
               Sharing Session Series III for BNI Executive                                                                 PT Bank Negara Indonesia
        11                                                     May 23, 2023         Jakarta               Workshop
               Officers                                                                                                     (Persero) Tbk
               Speaker at the "Business Goes to Campus"
        12                                                     May 24, 2023         Malang                Workshop          Universitas Brawijaya
               activity
                                                                                                                            PT Bank Negara Indonesia
        13     Earnings Call and Press Conference 2Q 2023      July 25, 2023        Jakarta               Seminar
                                                                                                                            (Persero) Tbk
                                                                                                                            PT Bank Negara Indonesia
        14     Business Meeting BNI Semester II 2023           July 27-28, 2023     Bali                  Workshop
                                                                                                                            (Persero) Tbk


670   From Local to Global
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Capital & Risk Management        Good Corporate           Social & Environmental           ESG                        Financial
          Practices               Governance                  Responsibility            Commitment                   Statements




                                        Training and/or Competency Improvement in Fiscal Year 2023
         Name of Training/Workshop/                          Implementation        Implementation              Type of
 No.                                                                                                                                     Organizer
         Conference/Seminar                                       date                 Venue                  Education
                                                                                                                               PT Bank Negara Indonesia
 15      Business Meeting 2023                              August 18-21, 2023     Amsterdam              Workshop
                                                                                                                               (Persero) Tbk
         Compliance Forum - Anti Money Laundering
         and Prevention of Terrorism Financing and                                 Graha BNI Fl. 25                            PT Bank Negara Indonesia
 16                                                         August 30, 2023                               Sharing Session
         Prevention of Proliferation Funding Weapons of                            Jakarta                                     (Persero) Tbk
         Mass Destruction (APU PPT & PPPSPM) 2023
         Moderator of BNI Sharing Session Series
                                                                                                                               PT Bank Negara Indonesia
 17      IV - Development of Characteristics and Risk       September 5, 2023      Jakarta                Workshop
                                                                                                                               (Persero) Tbk
         Management of the Multifinance Industry
         Strategic Business Workshop Deputy Minister                                                                           Ministry of State-Owned
 18                                                         September 11, 2023     Jakarta                Workshop
         of BUMN Rosan Roeslani                                                                                                Enterprises
         Executive Education : Managing Individual                                 ADarden School of
 19      & Organizaional Change Darden School of            October 2-5, 2023      Business - Virginia    Training             BNI Corporate University
         Business - Virginia US                                                    US
         Invitation to Talkshow on Implementation
         of Consumer and Community Protection                                                                                  PT Bank Negara Indonesia
 20                                                         October 10, 2023       Jakarta                Workshop
         in accordance with POJK number 6/POJK                                                                                 (Persero) Tbk
         07/2022
         Workshop on Preparing Corporate Plans for                                                                             PT Bank Negara Indonesia
 21                                                         October 18, 2023       Jakarta                Workshop
         Subsidiaries 2024-2028                                                                                                (Persero) Tbk
                                                                                                                               PT Bank Negara Indonesia
 22      Earnings Call 3Q 2023                              October 31, 2023       Jakarta
                                                                                                                               (Persero) Tbk
         Wholesale & International Banking                                                                                     PT Bank Negara Indonesia
 23                                                         November 3, 2023       Semarang               Workshop
         Leadership Forum 2023                                                                                                 (Persero) Tbk
                                                            December 21-23,        Mason Pine Hotel,                           PT Bank Negara Indonesia
 24      Board Business Meeting                                                                           Workshop
                                                            2023                   Padalarang                                  (Persero), Tbk
 David Pirzada - Direktur Risk Management
                                                                                                                               PT Bank Negara Indonesia
 1       Risk Awareness 2023                                February 3, 2023       Online                 Workshop
                                                                                                                               (Persero), Tbk
                                                            February 11-13,                                                    PT Bank Negara Indonesia
 2       Business Meeting 2023                                                     Online                 -
                                                            2023                                                               (Persero), Tbk
         Risk Awareness 2023 Batch II 2023 CMR                                                                                 PT Bank Negara Indonesia
 3                                                          March 10-11, 2023      Jakarta                Workshop
         Division                                                                                                              (Persero), Tbk
                                                                                                                               PT Bank Negara Indonesia
 4       Regional Office Business Meeting 03                March 10, 2023         Online                 Workshop
                                                                                                                               (Persero), Tbk
                                                                                                                               PT Bank Negara Indonesia
 5       Analyst Meeting & Press Conference 1Q2023          April 18, 2023         Jakarta                Workshop
                                                                                                                               (Persero), Tbk
         Sharing Session Series III: Development,
                                                                                                                               PT Bank Negara Indonesia
 6       Characteristics and Risk Management of the         May 23, 2023           Jakarta                Sharing Session
                                                                                                                               (Persero), Tbk
         Pension Fund Industry
                                                                                                                               PT Bank Negara Indonesia
 7       Analyst Meeting & Press Conference 1H 2023         July 25, 2023          Jakarta                Workshop
                                                                                                                               (Persero), Tbk
                                                                                                                               Acting Governor of DKI
 8       Jakarta Investment Forum 2023                      August 3, 2023         Jakarta                Workshop
                                                                                                                               Jakarta
                                                                                                                               Bankers Association for Risk
 9       BARa: “Sharing Visionary Leadership”.              August 15, 2023        Jakarta                Sharing Session
                                                                                                                               Management (BARA)
         Compliance Forum Activities - Anti-Money
         Laundering and Prevention of Terrorism
                                                                                                                               PT Bank Negara Indonesia
 10      Financing and Prevention of Funding for the        August 30, 2023        Jakarta                Sharing Session
                                                                                                                               (Persero), Tbk
         Proliferation of Weapons of Mass Destruction
         (APU PPT & PPPSPM) 2023
         Sharing Session Series IV: "Development,
                                                                                                                               PT Bank Negara Indonesia
 11      Characteristics and Risk Management of the         September 5, 2023      Jakarta                Sharing Session
                                                                                                                               (Persero), Tbk
         Multifinance Industry"
         Invitation to the Strategic Business Workshop                                                                         Ministry of State-Owned
 12                                                         September 11, 2023     Jakarta                Workshop
         Deputy Minister of BUMN Rosan Roeslani                                                                                Enterprises
         “Indonesia Green Incorporated – Driven
 13      Collaborations and Cooperation to                  September 13, 2023     Jakarta                Seminar              Makes & Partners Law Firm
         Spearhead Sustainability"
         Forum Group Discussion with Commission                                                                                PT Bank Negara Indonesia
 14                                                         October 2, 2023        Jakarta                Workshop
         XI DPR RI                                                                                                             (Persero), Tbk




                                                                                             Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk      671
Page 85
          2023                     Management                     Company                Management Discussion and              Business Support
      Performance                    Report                        Profile             Analysis on Company Performance             Functions




                                              Training and/or Competency Improvement in Fiscal Year 2023
               Name of Training/Workshop/                        Implementation      Implementation             Type of
        No.                                                                                                                             Organizer
               Conference/Seminar                                     date               Venue                 Education
               Talkshow on Implementation of Consumer
                                                                                                                             PT Bank Negara Indonesia
        15     and Community Protection in accordance            October 10, 2023    Jakarta               Seminar
                                                                                                                             (Persero), Tbk
               with POJK Number 6/POJK.07/2022
        Silvano Winston Rumantir - Direktur Wholesale and International Banking
               J.P Morgan the annual flagship Investor Tour
        1                                                        January 10, 2023    Jakarta               Source person     JP Morgan
               ”Indonesia State of the Nation 2023”
                                                                                                                             PT Bank Negara Indonesia
        2      FY2022 Earnings Call and Press Conference         January 24, 2023    Jakarta               Source person
                                                                                                                             (Persero), Tbk
                                                                                                                             PT Bank Negara Indonesia
        3      Business Meeting 2023                             February 12, 2023   Bali                  Workshop
                                                                                                                             (Persero), Tbk
                                                                                                                             PT Bank Negara Indonesia
        4      Leadership Forum                                  February 13, 2023   Jakarta               Workshop
                                                                                                                             (Persero), Tbk
                                                                                                                             PT Bank Negara Indonesia
        5      Regional Office 12 Business Meeting               February 15, 2023   Online                Workshop
                                                                                                                             (Persero), Tbk
                                                                                                                             PT Bank Negara Indonesia
        6      Regional Office 06 Business Meeting               February 15, 2023   Online                Workshop
                                                                                                                             (Persero), Tbk
                                                                                                                             SOE - Indonesian Embassy
        7      SOE Greets PPI                                    April 4, 2023       Jakarta               Source person
                                                                                                                             in Singapore
               Executive Education BOD 2023: Venture                                 Columbia
        8                                                        April 10-12, 2023                         Training          BNI Corporate University
               Capital/Early Investing                                               University (USA)
               K-Finance Investment Forum in Indonesia                                                                       PT Bank KEB Hana
        9                                                        May 11, 2023        Jakarta               Participant
               2023                                                                                                          Indonesia
        10     Citi's Financial Institutions Global Conference   May 14-16, 2023     Athens, Greece        Source person     Citibank
               Sharing Session Development,
                                                                                                                             PT Bank Negara Indonesia
        11     Characteristics and Risk Management of the        May 22, 2023        Jakarta               Sharing Session
                                                                                                                             (Persero), Tbk
               Pension Fund Industry
        12     ESG Workshop                                      July 07, 2023       Jakarta               Workshop          McKinsey
                                                                                                                             PT Bank Negara Indonesia
        13     Earnings Call and Press Conference 1H2023         July 25, 2023       Jakarta               Source person
                                                                                                                             (Persero), Tbk
               BNI Business Meeting "Empowering
                                                                                                                             PT Bank Negara Indonesia
        14     Performance- Driven Strategies For Long-          July 27-28, 2023    Bali                  Workshop
                                                                                                                             (Persero), Tbk
               Term Corporate Goals
               Compliance Forum - Anti Money Laundering
               and Prevention of Terrorism Financing and                                                                     PT Bank Negara Indonesia
        15                                                       August 30, 2023     Jakarta               Workshop
               Prevention of Proliferation Funding Weapons of                                                                (Persero), Tbk
               Mass Destruction (APU PPT & PPPSPM) 2023
               Financial Education Webinar for Diaspora in
        16                                                       September 2, 2023   Online                Opening Speech    Financial Services Authority
               Tokyo
               ASEAN Indo-Pacific Forum: AIPF SOE’s
        17                                                       September 5, 2023   Jakarta               Source person     ASEAN Indonesia
               Showcasing
        18     ASEAN Indo-Pacific Forum: Business Forum          September 6, 2023   Jakarta               Source person     ASEAN Indonesia
                                                                                                                             PT Bank Negara Indonesia
        19     Opportunity in Indonesia Equity Market            October 2, 2023     Jakarta               Workshop
                                                                                                                             (Persero), Tbk
               Forum Group Discussion with Commission                                                                        PT Bank Negara Indonesia
        20                                                       October 2, 2023     Jakarta               Workshop
               XI DPR RI                                                                                                     (Persero), Tbk
               Resource Person at Investor Daily Summit                                                                      B Universe & PT Bank
        21     2023 "Digital Economy: New Sources of             October 24, 2023    Jakarta               Source person     Negara Indonesia (Persero),
               Growth)"                                                                                                      Tbk
                                                                                                                             PT Bank Negara Indonesia
        22     Earnings Call 3Q 2023                             October 31, 2023    Jakarta               Seminar
                                                                                                                             (Persero), Tbk
               Wholesale & International Banking                                                           Opening speech    PT Bank Negara Indonesia
        23                                                       November 3, 2023    Semarang
               Leadership Forum 2023                                                                       (Workshop)        (Persero), Tbk
               Indonesian American Business Council                                                                          IABC and Kawanua
        24                                                       December 28, 2023   Los Angeles           Source person
               (IABC) Networking Night                                                                                       Worldwide
        Ronny Venir - Direktur Network and Services
                                                                                                                             PT Bank Negara Indonesia
        1      Regional Office Risk Operational Workshop 5       January 6, 2023     Semarang              Sharing Session
                                                                                                                             (Persero), Tbk
                                                                                                                             PT Bank Negara Indonesia
        2      Business Meeting Region 5 Office                  January 21, 2023    Online                Sharing Session
                                                                                                                             (Persero), Tbk




672   From Local to Global
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          Practices               Governance                  Responsibility              Commitment                 Statements




                                        Training and/or Competency Improvement in Fiscal Year 2023
         Name of Training/Workshop/                          Implementation        Implementation             Type of
 No.                                                                                                                                     Organizer
         Conference/Seminar                                       date                 Venue                 Education
                                                                                                                               PT Bank Negara Indonesia
 3       Regional Office Risk Operational Workshop 10       January 24, 2023       Jakarta                Sharing Session
                                                                                                                               (Persero), Tbk
                                                                                                                               PT Bank Negara Indonesia
 4       Regional Office Risk Operational Workshop 1        February 3, 2023       Medan                  Sharing Session
                                                                                                                               (Persero), Tbk
                                                                                                                               PT Bank Negara Indonesia
 5       Business Meeting Regional Office 10                February 3, 2023       Online                 Sharing Session
                                                                                                                               (Persero), Tbk
         "SESPIBANK" Program Facilitator Batch 76                                                                              PT Bank Negara Indonesia
 6                                                          February 7, 2023       Offline                Sharing Session
         of 2023                                                                                                               (Persero), Tbk
                                                            February 11-14,                                                    Ministry of State-Owned
 7       BNI Business Meeting 2023                                                 Bali                   Sharing Session
                                                            2023                                                               Enterprises
                                                                                                                               PT Bank Negara Indonesia
 8       Business Meeting 2023                              February 12, 2023      Bali                   Workshop
                                                                                                                               (Persero), Tbk
                                                                                                                               PT Bank Negara Indonesia
 9       Leadership Forum                                   February 13, 2023      Bali                   Workshop
                                                                                                                               (Persero), Tbk
                                                                                                                               PT Bank Negara Indonesia
 10      Entry Meeting BPK RI                               February 17, 2023      Jakarta                Seminar
                                                                                                                               (Persero), Tbk
                                                                                                                               PT Bank Negara Indonesia
 11      Business Meeting Regional Office 14                February 17, 2023      Online                 Source person
                                                                                                                               (Persero), Tbk
                                                                                                                               PT Bank Negara Indonesia
 12      Business Meeting Regional Office 8                 February 24, 2023      Bali                   Sharing Session
                                                                                                                               (Persero), Tbk
         BNI Emerald Market Outlook, Optimizing
                                                                                                                               PT Bank Negara Indonesia
 13      Financial Oppurtunities as Epicentrum of           March 9, 2023          Bali                   Workshop
                                                                                                                               (Persero), Tbk
         Growth
                                                                                                                               PT Bank Negara Indonesia
 14      Earnings Call 1Q 2023                              April 18, 2023         Jakarta                Workshop
                                                                                                                               (Persero), Tbk
                                                                                                                               PT Bank Negara Indonesia
 15      RBB Revision Preparation Workshop                  May 5, 2023            Jakarta                Workshop
                                                                                                                               (Persero), Tbk
                                                                                                                               PT Bank Negara Indonesia
 16      Region 10 Office NGETREND Program                  May 16, 2023           Jakarta                Sharing Session
                                                                                                                               (Persero), Tbk
         Resource person at Regional Office Risk                                                                               PT Bank Negara Indonesia
 17                                                         May 19, 2023           Padang                 Sharing Session
         Operational Workshop 02                                                                                               (Persero), Tbk
         Exit Meeting FSA Sampling BNI KCLN                                                               Sharing Session      PT Bank Negara Indonesia
 18                                                         May 25, 2023           Singapore
         Singapore Inspection                                                                             person               (Persero), Tbk
                                                                                                          Analyst Meeting
                                                                                                          & Press              PT Bank Negara Indonesia
 19      Analyst Meeting & Press Conference 1H 2023         July 25, 2023          Jakarta
                                                                                                          Conference 1H        (Persero), Tbk
                                                                                                          2023
                                                                                                                               PT Bank Negara Indonesia
 20      Business Meeting BOD BNI 2023                      August 18-20, 2023     Amsterdam              Sharing Session
                                                                                                                               (Persero), Tbk
         Compliance Forum - Anti Money Laundering
         and Prevention of Terrorism Financing and                                 Graha BNI Fl. 25                            PT Bank Negara Indonesia
 21                                                         August 30, 2023                               Sharing Session
         Prevention of Proliferation Funding Weapons of                            Jakarta                                     (Persero), Tbk
         Mass Destruction (APU PPT & PPPSPM) 2023
                                                                                                                               PT Bank Negara Indonesia
 22      TRENDING Regional Office 18                        September 01, 2023     Malang                 Sharing Session
                                                                                                                               (Persero), Tbk
         Executive Education 2023 - FInancial Services      September 6-13,                                                    PT Bank Negara Indonesia
 23                                                                                New York, USA          Training
         Exchange Program                                   2023                                                               (Persero), Tbk
         Talkshow on Implementation of Consumer
                                                                                                                               PT Bank Negara Indonesia
 24      and Community Protection in accordance             October 10, 2023       Jakarta                Seminar
                                                                                                                               (Persero), Tbk
         with POJK Number 6/POJK.07/2022
                                                                                                                               PT Bank Negara Indonesia
 25      Earnings Call and Press Conference 3Q2023          October 31, 2023       Jakarta                Seminar
                                                                                                                               (Persero) Tbk
         Wholesale & International Banking                                                                                     PT Bank Negara Indonesia
 26                                                         November 3, 2023       Semarang               Workshop
         Leadership Forum 2023                                                                                                 (Persero) Tbk
         Commission XI DPR RI work visit regarding
 27                                                         November 23, 2023      Bali                   Sharing Session      FSA
         Customer Protection
                                                                                                                               Republic of Indonesia
         Public Test - Openness of Public Information
 28                                                         November 30, 2023      Jakarta               Sharing Session       Central Information
         2023
                                                                                                                               Commission
         DPR RI Commission XI Work Visit related to
 29                                                         December 06, 2023      Bali                  The Mulia Hotel       BI
         MSME Financing



                                                                                             Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   673
Page 87
          2023                    Management                     Company                 Management Discussion and              Business Support
      Performance                   Report                        Profile              Analysis on Company Performance             Functions




                                             Training and/or Competency Improvement in Fiscal Year 2023
               Name of Training/Workshop/                       Implementation       Implementation             Type of
        No.                                                                                                                          Organizer
               Conference/Seminar                                    date                Venue                 Education
               Task Force Socialization Workshop -
                                                                December 08-09,                            Mason Pine        PT Bank Negara Indonesia
        30     Productivity Enhancement Region - Project                             Bandung
                                                                2023                                       Hotel             (Persero) Tbk
               Transformation Initiative Wave 6
        Muhammad Iqbal - Direktur Institutional Banking
               CEO Banking Forum "Leadership Sharing
                                                                                                                             Indonesian Bankers
        1      Welcoming the New Year with More                 January 09, 2023     Jakarta               Seminar
                                                                                                                             Association
               Optimism"
                                                                                                                             PT Bank Negara Indonesia
        2      FY2022 Earnings Call and Press Conference        January 24, 2023     Jakarta               Workshop
                                                                                                                             (Persero) Tbk
                                                                                                                             PT Bank Negara Indonesia
        3      Business Meeting 2023                            February 12, 2023    Bali                  Workshop
                                                                                                                             (Persero), Tbk
               National MSME Financing through
        4                                                       February 17, 2023    Jakarta               Workshop          Bank Indonesia (BI)
               Multichanneling Financing
                                                                                                                             PT Bank Negara Indonesia
        5      Entry Meeting BPK RI                             February 17, 2023    Jakarta               Seminar
                                                                                                                             (Persero), Tbk
                                                                                                                             PT Bank Negara Indonesia
        6      Regional Office 1 Business Meeting               March 4, 2023        Medan                 Sharing Session
                                                                                                                             (Persero), Tbk
                                                                                                                             PT Bank Negara Indonesia
        7      Risk Awareness Batch 2 - CMR                     March 11, 2023       Jakarta               Sharing Session
                                                                                                                             (Persero), Tbk
                                                                                                                             PT Bank Negara Indonesia
        8      Earnings Call 1Q 2023                            April 18, 2023       Jakarta               Workshop
                                                                                                                             (Persero) Tbk
               BNI Business Meeting "Empowering
                                                                                                                             PT Bank Negara Indonesia
        9      Performance- Driven Strategies For Long-         July 27-28, 2023     Bali                  Workshop
                                                                                                                             (Persero), Tbk
               Term Corporate Goals
                                                                                     Sofitel,                                PT Bank Negara Indonesia
        10     Business Meeting BOD BNI 2023                    August 18-20, 2023                         Seminar
                                                                                     Amsterdam                               (Persero), Tbk
               Compliance Forum - Anti Money Laundering
               and Prevention of Terrorism Financing and                                                                     PT Bank Negara Indonesia
        11                                                      August 30, 2023      Jakarta               Seminar
               Prevention of Proliferation Funding Weapons of                                                                (Persero), Tbk
               Mass Destruction (APU PPT & PPPSPM) 2023
               Wharton School, University of Pennsylvania       September 11-15,                           Executive         Wharton School, University
        12                                                                           Pennsylvania, USA
               "Advance Corporate Finance"                      2023                                       Education         of Pennsylvania
               Investor Daily Summit 2023 - Sustainable                                                                      B Universe & PT Bank Negara
        13                                                      October 24, 2023     Jakarta               Workshop
               Growth, Global Challenges"                                                                                    Indonesia (Persero), Tbk
        14     Capital Market Summit & Expo                     October 27, 2023     Jakarta               Seminar           Indonesia stock exchange
               Speakers: CEO Networking 2023 "Achieving
        15     Sustainable Growth through Cohesive              November 7, 2023     Jakarta               Seminar           Indonesia stock exchange
               Collaboration"
                                                                                                                             Coordinating Ministry
        16     4th RI-PRC Business Partnership Forum            December 5, 2023     Labuan Bajo           Seminar           for Maritime Affairs and
                                                                                                                             Investment
               Workshop of International Financial Center                                                                    Archipelago Capital
        17                                                      December 11, 2023    Jakarta               Workshop
               IKN                                                                                                           Authority
                                                                                                                             Coordinating Ministry for
        18     Indonesian Economic Outlook 2024                 December 22, 2023    Jakarta               Seminar
                                                                                                                             Economic Affairs
        Putrama Wahju Setyawan - Direktur Retail Banking
               CEO Banking Forum "Leadership Sharing
        1      Welcoming the New Year with More                 January 09, 2023     Jakarta               Seminar           Ikatan Bankir Indonesia
               Optimism"
                                                                                                                             PT Bank Negara Indonesia
        2      FY2022 Earnings Call and Press Conference        January 24, 2023     Jakarta               Workshop
                                                                                                                             (Persero) Tbk
                                                                                                                             PT Bank Negara Indonesia
        3      Business Meeting Regional Office 4               February 03, 2023    Bandung               Workshop
                                                                                                                             (Persero) Tbk
                                                                                                                             PT Bank Negara Indonesia
        4      Business Meeting 2023                            February 11, 2023    Denpasar              Workshop
                                                                                                                             (Persero) Tbk
                                                                                                                             PT Bank Negara Indonesia
        5      BNI Emerald Market Outlook 2023                  March 9, 2023        Jakarta               Workshop
                                                                                                                             (Persero) Tbk
                                                                                                                             PT Bank Negara Indonesia
        6      Regional Office 16 Operational Risk Workshop     March 18, 2023       Sorong                Workshop
                                                                                                                             (Persero) Tbk
                                                                                                                             PT Bank Negara Indonesia
        7      Regional Office 4 Operational Risk Workshop      March 25, 2023       Bandung               Workshop
                                                                                                                             (Persero) Tbk


674   From Local to Global
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Capital & Risk Management        Good Corporate           Social & Environmental           ESG                            Financial
          Practices               Governance                  Responsibility            Commitment                       Statements




                                        Training and/or Competency Improvement in Fiscal Year 2023
         Name of Training/Workshop/                          Implementation        Implementation              Type of
 No.                                                                                                                                       Organizer
         Conference/Seminar                                       date                 Venue                  Education
                                                                                                                                  PT Bank Negara Indonesia
 8       Earnings Call 1Q 2023                              April 18, 2023         Jakarta                 Workshop
                                                                                                                                  (Persero) Tbk
         Sharing Session Series III for BNI Executive                                                                             PT Bank Negara Indonesia
 9                                                          May 23, 2023           Jakarta                 Workshop
         Officers                                                                                                                 (Persero) Tbk
                                                                                                                                  PT Bank Negara Indonesia
 10      Earnings Call and Press Conference 2Q 2023         July 25, 2023          Jakarta                 Seminar
                                                                                                                                  (Persero) Tbk
                                                                                                                                  PT Bank Negara Indonesia
 11      Business Meeting BNI Semester II 2023              July 27-28, 2023       Jakarta                 Workshop
                                                                                                                                  (Persero) Tbk
                                                                                                                                  PT Bank Negara Indonesia
 12      Business Meeting 2023                              August 18-21, 2023     Amsterdam               Workshop
                                                                                                                                  (Persero) Tbk
         Compliance Forum - Anti Money Laundering
         and Prevention of Terrorism Financing and                                 Graha BNI Fl. 25                               PT Bank Negara Indonesia
 13                                                         August 30, 2023                                Sharing Session
         Prevention of Proliferation Funding Weapons of                            Jakarta                                        (Persero) Tbk
         Mass Destruction (APU PPT & PPPSPM) 2023
         BNI Sharing Session Series IV - Development
                                                                                                                                  PT Bank Negara Indonesia
 14      of Characteristics and Risk Management of          September 05, 2023     Jakarta                 Workshop
                                                                                                                                  (Persero) Tbk
         the Multifinance Industry
         Area Head Onboarding Program Training                                                                                    PT Bank Negara Indonesia
 15                                                         September 15, 2023     Jakarta                 Workshop
         Management - Batch 2                                                                                                     (Persero) Tbk
         Forum Group Discussion with Commission                                                                                   PT Bank Negara Indonesia
 16                                                         October 02, 2023       Jakarta                 Workshop
         XI DPR RI                                                                                                                (Persero) Tbk
         Investor Daily Summit 2023 - Sustainable                                                                                 PT Bank Negara Indonesia
 17                                                         October 24, 2023       Jakarta                 Seminar
         Growth, Global Challenges"                                                                                               (Persero) Tbk
         Workshop on Handling Small Productive                                                                                    PT Bank Negara Indonesia
 18                                                         October 27-28, 2023    Surabaya                Workshop
         Segment LAR                                                                                                              (Persero) Tbk
                                                                                                                                  PT Bank Negara Indonesia
 19      Earnings Call 3Q 2023 via Vidcon                   October 31, 2023       Jakarta                 Workshop
                                                                                                                                  (Persero) Tbk
                                                                                                                                  PT Bank Negara Indonesia
 20      Retail Banking Segment Workshop in 2023            December 16, 2023      Jakarta                 Workshop
                                                                                                                                  (Persero) Tbk
                                                            December 21-23,                                                       PT Bank Negara Indonesia
 21      Board Business Meeting                                                    Bandung                 Workshop
                                                            2023                                                                  (Persero) Tbk
 Mucharom - Direktur Human Capital and Compliance
         Chief Human Resource Officer Forum                                                                                       Ministry of State-Owned
 1                                                          January 4, 2023        Surabaya                Workshop
         "Leading a Future-proof Organization"                                                                                    Enterprises
         IBI - CEO Banking Forum "Leadership
                                                                                                                                  Indonesian Bankers
 2       Sharing Welcomes the New Year with More            January 9, 2023        Jakarta                 Seminar
                                                                                                                                  Association (IBI)
         Optimism"
         Workshop on Strengthening Talent
         Performance and Talent Management for                                                                                    PT Bank Negara Indonesia
 3                                                          January 9, 2023        Jakarta                 Source person
         Regional Office Leaders in Supporting BNI                                                                                (Persero) Tbk
         Outlet Transformation
                                                                                                                                  PT Bank Negara Indonesia
 4       Business Summit Regional Office 17                 January 14, 2023       Purbalingga             Sharing Session
                                                                                                                                  (Persero) Tbk
         Workshop on Preparing Management of                                                                                      PT Bank Negara Indonesia
 5                                                          January 14, 2023       Online                  Workshop
         Company Guidelines & Implementing NWOW                                                                                   (Persero) Tbk
         Risk Management Certification for
 6       Commercial Bank Human Resources (SEOJK             January 16, 2023       Jakarta                 Participant            FSA
         SMR Commercial Bank)
                                                                                                                                  PT Bank Negara Indonesia
 7       Legal Workshop in 2023                             January 27, 2023       Bogor                   Workshop
                                                                                                                                  (Persero) Tbk
                                                            January                                                               IRN - PT Bank Negara
 8       Non Deal Roadshow                                                         London                  Participant
                                                            30-February 3, 2023                                                   Indonesia (Persero) Tbk
         Anti-Fraud Training Resource Person with                                                                                 PT Bank Negara Indonesia
 9                                                          May 12, 2023           Jakarta                 Training
         Internal Controls                                                                                                        (Persero) Tbk
         Sharing Session: Development of
                                                                                                                                  PT Bank Negara Indonesia
 10      Characteristics and Risk Management of the         May 22, 2023           Jakarta                 Sharing Session
                                                                                                                                  (Persero) Tbk
         Pension Fund Industry
         Forum Group Discussion: "Airplanes as Debt
 11                                                         June 6, 2023           Jakarta                 FGD                    Universitas Trisakti
         Collateral, Can You?"
         Executive Education : Financial Strategies for                                                    Executive
 12                                                         June 19-23, 2023       London                                         London Business School
         Value Creation                                                                                    Education



                                                                                              Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk    675
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          2023                     Management                    Company                  Management Discussion and              Business Support
      Performance                    Report                       Profile               Analysis on Company Performance             Functions




                                             Training and/or Competency Improvement in Fiscal Year 2023
               Name of Training/Workshop/                       Implementation        Implementation             Type of
        No.                                                                                                                           Organizer
               Conference/Seminar                                    date                 Venue                 Education
                                                                                                                              PT Bank Negara Indonesia
        13     Earnings Call and Press Conference 1H2023        July 25, 2023         Jakarta               Seminar
                                                                                                                              (Persero) Tbk
               BNI Business Meeting "Empowering
                                                                                                                              PT Bank Negara Indonesia
        14     Performance- Driven Strategies For Long-         July 27-28, 2023      Bali                  Workshop
                                                                                                                              (Persero) Tbk
               Term Corporate Goals
               Compliance Forum-Anti-Money Laundering
               and Prevention of Terrorism Financing and
                                                                                                                              PT Bank Negara Indonesia
        15     Prevention of Funding for Proliteration of       August 30, 2023       Jakarta               Workshop
                                                                                                                              (Persero) Tbk
               Weapons of Mass Destruction (APPU PPT &
               PPPSPM) 2023
               BNI Sharing Session Series IV - Development
                                                                                                                              PT Bank Negara Indonesia
        16     of Characteristics and Risk Management of        September 5, 2023     Jakarta               Workshop
                                                                                                                              (Persero) Tbk
               the Multifinance Industry
               Forum Group Discussion with Commission                                                                         PT Bank Negara Indonesia
        17                                                      October 2, 2023       Jakarta               Workshop
               XI DPR RI                                                                                                      (Persero) Tbk
               Talkshow on Implementation of Consumer
                                                                                                                              PT Bank Negara Indonesia
        18     and Community Protection in accordance           October 10, 2023      Jakarta               Workshop
                                                                                                                              (Persero) Tbk
               with POJK Number 6/POJK.07/2022
                                                                                                                              PT Bank Negara Indonesia
        19     Top Executive Sharing                            October 11, 2023      Jakarta               Sharing Session
                                                                                                                              (Persero) Tbk
                                                                                                                              Ministry of State-Owned
        20     CHRO School in 2023                              October 13-14, 2023   Bali                  Workshop
                                                                                                                              Enterprises
                                                                                                                              PT Bank Negara Indonesia
        21     Facilitator - RMT Leaders Development Series     October 19, 2023      Jakarta               Workshop
                                                                                                                              (Persero) Tbk
               Resource Person - Focus Group Discussion
               "Potential and Challenges for Improving the
               Integrity of the Financial System in Indonesia
        22                                                      October 20, 2023      Yogyakarta            Workshop          FSA
               Due to the Enactment of Law Number
               4 of 2023 concerning Development and
               Strengthening of the Financial Sector"
               Culture Transformation Workshop Regional                                                                       PT Bank Negara Indonesia
        23                                                      October 21, 2023      Yogyakarta            Workshop
               Office 17                                                                                                      (Persero) Tbk
                                                                                                                              B Universe & PT Bank
               BNI Investor Daily Summit 2023 "Sustainable
        24                                                      October 24, 2023      Jakarta               Workshop          Negara Indonesia (Persero),
               Growth, Global Challenges"
                                                                                                                              Tbk
                                                                                                                              PT Bank Negara Indonesia
        25     Earnings Call and Press Conference 3Q2023        October 31, 2023      Jakarta               Seminar
                                                                                                                              (Persero) Tbk
                                                                                                                              PT Bank Negara Indonesia
        26     WHI Workshop                                     November 3, 2023      Semarang              Workshop
                                                                                                                              (Persero) Tbk
               The 4th Indonesia Human Capital Summit                                                                         Ministry of State-Owned
        27                                                      November 6, 2023      Jakarta               Workshop
               2023                                                                                                           Enterprises
                                                                November 17-18,                                               Ministry of State-Owned
        28     CHRO School Year 2023 - Workshop Module II                             Bali                  Workshop
                                                                2023                                                          Enterprises
               DPR RI Commission VI Work Visit in the
                                                                                                                              Ministry of State-Owned
        29     Context of Supervising the Performance of        December 6, 2023      Solo                  Alila Solo
                                                                                                                              Enterprises
               SOE in Central Java
                                                                                                                              Ministry of State-Owned
        30     CHRO - Operating Model Forum                     December 8-9, 2023    Jakarta               Workshop
                                                                                                                              Enterprises
                                                                December 22-23,                                               PT Bank Negara Indonesia
        31     Retreat BoD                                                            Bandung               Workshop
                                                                2023                                                          (Persero) Tbk
        Toto Prasetio - Direktur Technology and Operations
               CEO Banking Forum "Leadership Sharing
                                                                                                                              Indonesian Bankers
        1      Welcoming the New Year with More                 January 9, 2023       Jakarta               Seminar
                                                                                                                              Association (IBI)
               Optimism"
                                                                                                                              PT. Bank Negara Indonesia
        2      Being Digital for a Brighter Future event        January 17, 2023      Jakarta               Workshop
                                                                                                                              (Persero) Tbk
                                                                                                                              PT Bank Negara Indonesia
        3      FY2022 Earnings Call and Press Conference        January 24, 2023      Jakarta               Workshop
                                                                                                                              (Persero) Tbk
                                                                                                                              PT. Bank Negara Indonesia
        4      The IDV event goes to trekking                   January 28, 2023      Bogor                 Sharing Session
                                                                                                                              (Persero) Tbk
               Workshop Sektor Technology & Operations                                                                        PT. Bank Negara Indonesia
        5                                                       February 4, 2023      Jakarta               Workshop
               2023 - IT Performance & Operations Excellent                                                                   (Persero) Tbk
        6      IAIB National Conference                         July 23, 2023         Jakarta               Workshop          IAIB

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          Practices               Governance                 Responsibility                Commitment                   Statements




                                         Training and/or Competency Improvement in Fiscal Year 2023
         Name of Training/Workshop/                         Implementation            Implementation             Type of
 No.                                                                                                                                        Organizer
         Conference/Seminar                                      date                     Venue                 Education
 7       Indonesian Business Financial Forum 2023          July 25, 2023              Jakarta                Workshop             Indonesian Business
         Compliance Forum - Anti Money Laundering
         and Prevention of Terrorism Financing and
                                                                                      Graha BNI Fl. 25                            PT Bank Negara Indonesia
 8       Prevention of Proliferation Funding Weapons       August 30, 2023                                   Sharing Session
                                                                                      Jakarta                                     (Persero), Tbk
         of Mass Destruction (APU PPT & PPPSPM)
         2023
                                                                                                                                  PT. Bank Negara Indonesia
 9       Leadership Meeting of IFM & APS Division          September 1, 2023          Jakarta                Sharing Session
                                                                                                                                  (Persero) Tbk
         Sharing session series VI BOC & BOD - Digital                                                                            PT. Bank Negara Indonesia
 10                                                        September 5, 2023          Jakarta                Sharing Session
         Transformation                                                                                                           (Persero) Tbk
         Utilization of the Internet of Things in          September 14,
 11                                                                                   Jakarta                Workshop             OJK
         Financial Services Industry                       2023
                                                           September 15,                                                          PT. Bank Negara Indonesia
 12      Leadership Meeting of BOP & OSD Division                                     Jakarta                Sharing Session
                                                           2023                                                                   (Persero) Tbk
 13      BNI Digital Talent Meetup                         September 15, 2023         Jakarta                Workshop             Fordigi
         Perbanas Seminar PAC XXIII - The role of
 14      security systems in the Era of Financial          October 3, 2023            Jakarta                Seminar              Perbanas
         Digitalization
                                                                                                                                  PT Bank Negara Indonesia
 15      CISO Division Leadership Meeting                  October 13, 2023           Jakarta                Sharing Session
                                                                                                                                  (Persero) Tbk
                                                                                                                                  PT Bank Negara Indonesia
 16      COP Division Leadership Meeting                   October 20, 2023           Jakarta                Sharing Session
                                                                                                                                  (Persero) Tbk
                                                                                                                                  PT Bank Negara Indonesia
 17      DGO Division Leadership Meeting                   November 24, 2023          Jakarta                Sharing Session
                                                                                                                                  (Persero) Tbk
         Benchmarking Bank Sulselbar terkait Single                                                                               PT Bank Negara Indonesia
 18                                                        November 28, 2023          Jakarta                Sharing Session
         Sign On (SSO)                                                                                                            (Persero) Tbk
                                                                                      London School of
         Executive Education: Corporate Finance &          October 30-                                                            Londn School of Economic
 19                                                                                   Economic London,       Training
         Strategy                                          November 3, 2023                                                       (LSE)
                                                                                      UK
         FKDOP - Cyber Security Webinar on Banking
 20      Operations "Secure Today, Empower                 December 6, 2023           Online                 Workshop             FKDOP
         Tomorrow"
                                                           December 21-22,                                                        PT Bank Negara Indonesia
 21      Board Retreat                                                                Bandung                Workshop
                                                           2023                                                                   (Persero) Tbk



NEW BOARD OF DIRECTORS MEMBERS’                                                   RISK MANAGEMENT CERTIFICATION
ORIENTATION AND INDUCTION PROGRAM
                                                                                  All BNI Directors have passed Level 5 Risk Management
The orientation and introduction program for new Board                            Certification as one of the requirements for taking the OJK
of Directors Members is carried out through:                                      fit and proper test.
1. Discussions on the Annual Report, the Company’s Work
    Plan and Budget (RKAP), and the Company’s Long-                               IMPLEMENTATION OF THE BOARD OF DIRECTORS’
    term Plan (RJPP), Code of Ethics, Board of Directors’                         DUTIES AND RESPONSIBILITIES IN 2023
    Guidelines for Work Conduct, Corporate Governance
    Handbook, and the Articles of Association;                                    During 2023, the Board of Directors carried out their
2. Explanations relating to delegated authority, internal and                     management duties in accordance with the applicable
    external audits, internal control systems and policies,                       laws and regulations as well as the Company’s Articles of
    as well as duties and roles of the Audit Committee and                        Association, including:
    other committees under the Board of Directors and the                         1. Preparation of the Company’s plans including the
    Board of Commissioners; and                                                      Corporate Plan and RBB/RKAP;
3. Description on duties, authority, and responsibilities of                      2. Fulfillment of the Company’s performance targets;
    the Board of Commissioners and the Board of Directors.                        3. Asset and financial management;
                                                                                  4. Organizing Board of Directors Meetings;
These explanations are given by way of a presentation by                          5. Attending Board of Commissioners meetings;
the related Units to the members of the Board of Directors                        6. Organizing the General Meeting of Shareholders;
as well as by conducting visits to BNI Regional/Branch                            7. Supervision and improvement of internal business
Offices.                                                                             processes;
                                                                                  8. Implementation of other duties related to the
                                                                                     management of the Company.
                                                                                                Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   677
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      BOARD OF DIRECTORS’ DECISIONS IN 2023
      During 2023, the BNI Board of Directors issued the following decisions

        No.                                                                  Subject
        1       Policies and Procedures for Official Travel of the Board of Directors and Board of Commissioners
        2       Individual Authority to Decide Credit
        3       Individual Authority to Decide on Temporary Credit
        4       Authority to Decide Credit
        5       Retirement Preparation Period
        6       Mutations/Changes in Position
        7       Mutations/Changes in Position Due to Organizational Changes
        8       Festival Bazaar Committee Vol. 2
        9       Executor of Office
        10      Cancellation of Decree
        11      Formation of the 2023 BNI Excellence Employee (BEE) Committee
        12      Arrangement of the Risk Management & Anti-Fraud Committee (KRA)
        13      Organizational structuring of the BNI Board of Directors
        14      Organizational Arrangement of Head Office Divisions/Units/Functional Units
        15      Organizational Arrangement of the Foreign Office
        16      Organizational Arrangement of Regional Offices and Branch Offices
        17      Determination of Position Grade
        18      SEVP Position Determination
        19      Termination of Employment Relations
        20      Termination of Temporary Substitute
        21      Termination of Assignment
        22      Termination of Assignment as Bank BNI Pension Fund Supervisory Board
        23      Termination of Concurrent Positions
        24      Re-appointment as Administrator of the Bank Negara Indonesia Pension Fund
        25      Appointment of Permanent Employees
        26      Appointment as Member of the Supervisory Board of the Bank Negara Indonesia Pension Fund
        27      Temporary Substitute
        28      Service Period Award
        29      Closing Award of Service Period
        30      Confirmation – Change of Position
        31      Inauguration in Connection with Organizational Change
        32      Pension
        33      Assignment
        34      Assignment as Supervisory Board of BNI Bank Pension Fund
        35      Assignment as Supervisor of the Bank Negara Indonesia Pension Fund
        36      Temporary Assignment
        37      Appointment of Person Responsible for APU & PPT DPLK BNI
        38      Assignment Designation
        39      Position Grade Adjustment
        40      Extension of Working Period
        41      Temporary Substitute Extension
        42      Changes to the Project SK Task Force Team on SLIK and LBUT audit findings
        43      PT Bank Negara Indonesia (Persero) Tbk Internal Audit Charter
        44      Procedures for Implementing Board of Directors' Leave
        45      Retail Loan Management System Project
        46      SK Project Task Force Team SLIK & LBUT Audit Findings
        47      Decree of the Task Force Team for Implementing the Personal Data Protection Law




678   From Local to Global
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          Practices             Governance                 Responsibility            Commitment                  Statements




 No.                                                                      Subject
 48       Decree of the Task Force Team for Managing the Business Potential of the National Capital City (IKN)
 49       Organizational Implementation Team for Enterprise Banking 1 & 2 Division, and Commercial Banking 1 & 2 Division
 50       Covid-19 Fund Management Team
 51       2024-2028 Corporate Plan Preparation Team
 52       Proposed KBUMN Talent Secondment Internship Employees for Period V, July to December 2023
 53       Proposed Internship Employees for Talent Secondment KBUMN Period VI January - June 2024




BOARD OF DIRECTORS' ASSESSMENT OF THE PERFORMANCE
OF COMMITTEES UNDER THE BOARD OF DIRECTORS

The Board of Directors has established committees as part of the supporting structures tailored to BNI's business
requirements and compliance with applicable regulations.These committees aim to increase effectiveness and efficiency
in carrying out Bank operations. The following are the committees under the Board of Directors:
1. Credit Committee;
2. Credit and Business Policy Committee;
3. Product Committee;
4. Asset & Liability (ALCO) Committee;
5. Human Capital Committee (HC);
6. Performance Management Committee;
7. Risk Management and Anti Fraud Committee;
8. Technology Management Committee;
9. Integrated Risk Management Committee.
10. Subsidiaries Committee (KPA).

PROCEDURES AND ASSESSMENT CRITERIA USED
To measure the effectiveness of the performance of committees under the Board of Directors in assisting the Board
of Directors in carrying out company management, an assessment of the Committees under the Board of Directors is
carried out.

In 2023, the Board of Directors has evaluated the performance of these committees. The procedure for evaluating the
performance of committees under the Board of Directors is carried out by the Board of Directors periodically with the
assessment criteria for the performance of Committees under the Board of Directors, namely compliance with meeting
implementation and attendance at meetings during the financial year. During 2023, the Board of Directors assesses that
the committees under the Board of Directors have carried out their duties and responsibilities well.




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      Board Of
      Commissioners


         The Board of Commissioners is the Company organ that has a supervisory function on the management carried
         out by the Board of Directors. The Board of Commissioners is also tasked with providing direction and advice
         to the Board of Directors in determining the direction of the goals for achieving the Bank performance. The
         implementation of the duties and responsibilities of the Board of Commissioners is carried out in the interests of
         BNI and in accordance with the Bank's aims and objectives.




      LEGAL BASIS                                                      5. Board of Commissioners’ Duties, Authorities,
                                                                           Obligations and Responsibilities;
      The legal basis for the establishment and appointment            6. Appointment and Dismissal of Members of the Board
      of the Bank’s Board of Commissioners refers to several               of Commissioners;
      provisions, including the 2007 Republic of Indonesia Law         7. Term of Office of the Board of Commissioners and
      No. 40 of 2007 concerning Limited Liability Companies                Vacant Positions;
      as amended by Law no. 6 of 2023 concerning Stipulation           8. Board of Commissioners’ Meetings and Joint Meetings
      of Government Regulations in Lieu of Law no. 2 of 2022               of the Board of Commissioners and Board of Directors;
      concerning Job Creation becomes Law as well as Law of the        9. Board of Commissioners’ Division of Work and Working
      Republic of Indonesia no. 19 of 2003 concerning State-Owned          Time;
      Enterprises and other statutory regulations, specifically OJK    10. Secretariat of the Board of Commissioners and
      No. 33/POJK.04/2014 dated December 8, 2014 concerning the            Secretary to the Board of Commissioners;
      Board of Directors and Board of Commissioners of Issuers or      11. Corporate values;
      Public Companies, Republic of Indonesia Financial Services       12. Board of Commissioners’ Prohibitions;
      Authority Regulation No. 17 of 2023 dated 14 September 2023      13. Transparency
      concerning Implementation of Governance for Commercial
      Banks, Regulation of the Minister of State-Owned Enterprises     BOARD OF COMMISSIONERS’
      No. PER-2/MBU/03/2023 dated 3 March 2023 concerning              TERM OF OFFICE
      Guidelines for Governance and Significant Corporate Activities
      of State-Owned Enterprises, and Regulation of the Minister       The Board of Commissioners’ term of office is at most 2
      of State-Owned Enterprises No. PER-3/MBU/03/2023 dated           (two) consecutive periods, with the following conditions:
      20 March 2023 concerning Organs and Human Resources              1. Members of the Board of Commissioners are appointed
      of State-Owned Enterprises.                                         for a term of office from the date of the GMS appointing
                                                                          them until the closing of the 5th (fifth) Annual GMS after
      BOARD OF COMMISSIONERS’                                             the date of their appointment, on condition that they
      GUIDELINES AND PROCEDURES                                           do not exceed 5 (five) years with regards to the Capital
                                                                          Market laws and regulations, without prejudice to the
      The Company has guidelines and procedures for the work              right of GMS to dismiss them at any time prior to the
      of the Board of Commissioners as guidelines in carrying             end of their term of office; and
      out the role and function of supervising the Company. The        2. After their term of office ends, the members of the
      Working Guidelines for the BNI Board of Commissioners               Board of Commissioners may be reappointed by the
      are regulated in the BNI Board of Commissioners Decree              GMS for 1 (one) more term of office.
      No. KEP/49/DK/2017 dated October 26, 2017, which regulates
      the following matters:
      1. Legal Basis
      2. Structure;
      3. Requirements for Members of the Board of
          Commissioners;
      4. Independent Commissioners;



680   From Local to Global
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          Practices                Governance                    Responsibility                Commitment                  Statements




BOARD OF COMMISSIONERS’ CRITERIA                                                      4. Has the commitment to comply with laws and
                                                                                         regulations;
Members of the Board of Commissioners shall be obliged                                5. Has the knowledge and/or expertise in the fields
to comply with the Law on Limited Liability Companies,                                   required by the Company;
legislation in the Capital Market and other applicable                                6. Meets other requirements as regulated in applicable
regulations and those related to the Company’s business                                  laws and regulations;
activities.                                                                           7. Members of the Board of Commissioners and members
                                                                                         of the Board of Directors are prohibited from having
Based on BNI’s Articles of Association, individuals who can                              blood relations to the third degree, either in a straight
be appointed as members of the Board of Commissioners                                    line or sideways or a relationship that arises due to
are individuals who meet the requirements upon the                                       marriage ties including in-laws; and
appointment date and during their tenure:                                             8. In addition to meeting the above criteria, appointment of
1. Having good character, morals, and integrity;                                         the Board of Commissioners members is carried out by
2. Competent in carrying out legal actions;                                              taking into account integrity, dedication, understanding
3. Within 5 (five) years before appointment and during                                   of the company’s management issues related to the
    their tenure:                                                                        management function, having adequate knowledge
    a. Has not been declared bankrupt;                                                   in the Company’s line of business, and being able to
    b. Never been a member of a Board of Directors and/                                  provide sufficient time to carry out their duties and other
        or Board of Commissioners found guilty in causing                                requirements based on statutory regulations.
        a company to become bankrupt;
    c. Never been convicted of any criminal offense that                              BOARD OF COMMISSIONERS MEMBERS
        is detrimental to a country’s or financial sector’s                           NUMBER AND COMPOSITION
        financial position; and
    d. Never been a member of the Board of Directors                                  In 2023, there were changes to the Board of Commissioners
        and/or Board of Commissioners which during the                                members composition and number. All members of the
        terms of office:                                                              Board of Commissioners were appointed at a GMS as
        • Did not hold an AGMS;                                                       outlined in the Minutes of the GMS. Information regarding
        • Their accountability as a member of the Board                               changes and the reasons for the changes can be found
           of Directors and/or Board of Commissioners was                             in the Board of Commissioners Profiles, Change Profile
           not accepted by the GMS or they did not submit                             Chapter, in this Annual Report.The changes in the Board of
           their accountability as a member of the Board                              Commissioners number and composition were as follows:
           of Directors and/or Board of Commissioners to
           the GMS; and                                                               Period January 1 – March 15, 2023
        • Caused a company to obtain a license, approval, or                          For the period January 1 – March 15, 2023, the Board of
           registration from the Financial Services Authority                         Commissioners consisted of 10 (ten) members, consisting of
           when not complying with its obligation to submit                           1 (one) President Commissioner who is also an Independent
           the annual report and/or financial report to the                           Commissioner, 1 (one) Vice President Commissioner, 5 (five)
           Financial Services Authority.                                              Independent Commissioners and 3 (three) Commissioners.

 Name                                    Position                      Domicile                  Basis of Appointment                   Effective Date*
 Agus Dermawan                President Commissioner/
                                                                        Jakarta            AGMS Decision on February 20, 2020        June 17, 2020
 Wintarto Martowardojo        Independent Commissioner
                              Vice President
 Pradjoto                     Commissioner/ Independent                 Jakarta            AGMS Decision on February 20, 2020        June 17, 2020
                              Commissioner
 Sigit Widyawan1)             Independent Commissioner                    Solo             AGMS Decision on March 20, 2018           September 7, 2018
 Askolani                     Commissioner                              Jakarta            EGMS Decision on August 30, 2019          December 20, 2019
 Fadlansyah Lubis             Commissioner                              Jakarta            EGMS Decision on August 31, 2022          December 23, 2022
 Asmawi Syam                  Independent Commissioner                  Jakarta            AGMS Decision on February 20, 2020        March 16, 2020
 Iman Sugema                  Independent Commissioner                   Bogor             AGMS Decision on February 20, 2020        June 17, 2020
 Susyanto                     Commissioner                               Bogor             AGMS Decision on February 20, 2020        August 14, 2020
 Septian Hario Seto           Independent Commissioner                  Jakarta            AGMS Decision on February 20, 2020        July 27, 2020
 Erwin Rijanto Slamet         Independent Commissioner                  Jakarta            AGMS Decision on March 29, 2021           August 14, 2020
  Ceased serving as Independent Commissioner since March 15 2023
 1)




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      Period March 15, 2023 – September 19, 2023
      For the period March 15, 2023 – September 19, 2023, the Board of Commissioners consisted of 11 (eleven) members,
      consisting of 1 (one) President Commissioner/Independent Commissioner, 1 (one) Vice President Commissioner/
      Independent Commissioner, 5 (five) Independent Commissioners and 4 (four) Commissioners.

        Name                                        Position                        Domicile                     Basis of Appointment                        Effective Date*
        Agus Dermawan
                                        President Commissioner/
        Wintarto                                                              Jakarta                    AGMS Decision on February 20, 2020                June 17, 2020
                                        Independent Commissioner
        Martowardojo1)
                                       Vice President
        Pradjoto                       Commissioner/ Independent              Jakarta                    AGMS Decision on February 20, 2020                June 17, 2020
                                       Commissioner
        Sigit Widyawan2)                Independent Commissioner              Solo                       AGMS Decision on March 15, 2023                   March 15, 2023
        Askolani                       Commissioner                           Jakarta                    EGMS Decision on August 30, 2019                  December 20, 2019
        Fadlansyah Lubis               Commissioner                           Jakarta                    EGMS Decision on August 31, 2022                  December 23, 2022

        Asmawi Syam                    Independent Commissioner               Jakarta                    AGMS Decision on February 20, 2020                March 16, 2020

        Iman Sugema                    Independent Commissioner               Bogor                      AGMS Decision on February 20, 2020                June 17, 2020
        Susyanto                       Commissioner                           Bogor                      AGMS Decision on February 20, 2020                August 14, 2020
        Septian Hario Seto             Independent Commissioner               Jakarta                    AGMS Decision on February 20, 2020                July 27, 2020
        Erwin Rijanto Slamet           Independent Commissioner               Jakarta                    AGMS Decision on March 29, 2021                   August 14, 2020
        Robertus Billitea3)             Commissioner                          Jakarta                    AGMS Decision on March 15, 2021                   September 11, 2023
        Note:
        1)
          Ceased serving as President Commissioner/Independent Commissioner since September 19, 2023
        2)
          Ceased serving as Independent Commissioner on March 15, 2023, was reappointed as Independent Commissioner on March 15, 2023 and has been effective since March 15,
        2023 in accordance with Financial Services Authority Circular Letter No. 39/SEOJK.03/2016 dated September 13, 2016 concerning Fit and Proper Test for Prospective Controlling
        Shareholders, Prospective Members of the Board of Directors, and Prospective Members of the Bank's Board of Commissioners
        3)
          Serving as Commissioner since March 15, 2023 and effective based on OJK approval from September 11, 2023




      Period September 19 – December 31, 2023
      The Board of Commissioners composition for the period September 19 – December 31, 2023 was 11 (eleven) people
      consisting of 1 (one) President Commissioner/Independent Commissioner, 1 (one) Vice President Commissioner, 5 (five)
      Independent Commissioners and 4 (four) Commissioners

        Name                                     Position                      Domicile                     Basis of Appointment                            Effective Date*
                                                                                                                                                         In the OJK Fit
                                                                                                                                                         and Proper Test
                                     President Commissioner/                                                                                             Process as President
        Pradjoto1)                                                              Jakarta          EGMS Decision on September 19, 2023
                                     Independent Commissioner                                                                                            Commissioner/
                                                                                                                                                         Independent
                                                                                                                                                         Commissioner
                                                                                                                                                         In the OJK Fit
                                                                                                                                                         and Proper Test
                                     Vice President
        Pahala Nugraha                                                                                                                                   Process as President
                                     Commissioner/ Independent                  Jakarta          EGMS Decision dated September 19, 2023
        Mansury2)                                                                                                                                        Commissioner/
                                     Commissioner
                                                                                                                                                         Independent
                                                                                                                                                         Commissioner
        Sigit Widyawan               Independent Commissioner                     Solo           AGMS Decision on March 15, 2023                         March 15, 2023
        Askolani                     Commissioner                               Jakarta          EGMS Decision on August 30, 2019                        December 20, 2019
        Fadlansyah Lubis             Commissioner                               Jakarta          EGMS Decision on August 31, 2019                        December 23, 2022
        Asmawi Syam                  Independent Commissioner                   Jakarta          AGMS Decision on February 20, 2020                      March 16, 2020
        Iman Sugema                  Independent Commissioner                    Bogor           AGMS Decision on February 20, 2020                      June 17, 2020
        Susyanto                     Commissioner                                Bogor           AGMS Decision on February 20, 2020                      August 14, 2020
        Septian Hario Seto           Independent Commissioner                   Jakarta          AGMS Decision on February 20, 2020                      July 27, 2020
        Erwin Rijanto Slamet         Independent Commissioner                   Jakarta          March 15, 2023                                          August 14, 2020
        Robertus Billitea            Commissioner                               Jakarta          AGMS Decision on March 15, 2023                         September 11, 2023
        Note:
        1)
          Transferring the previous assignment as Vice President Commissioner/Independent Commissioner to become President Commissioner/Independent Commissioner since 19
        September 2023
        2)
          Served as Vice President Commissioner since September 19 2023




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FIT AND PROPERTEST AND BASIS FOR BOARD OF COMMISSIONERS’ APPOINTMENT AS MEMBERS

All members of the BNI Board of Commissioners have good integrity, competence and reputation. This is proven by
passing the fit and proper test as shown in the table below:

Period January 1 – March 15, 2023
 Name                                          Position                                Organizer                     Effective Date of Office                Result
 Agus Dermawan                  President Commissioner/
                                                                            Financial Services Authority             June 17, 2020                             Pass
 Wintarto Martowardojo          Independent Commissioner
                                Vice President Commissioner/
 Pradjoto                                                                   Financial Services Authority             June 17, 2020                             Pass
                                Independent Commissioner
 Sigit Widyawan1)               Independent Commissioner                    Financial Services Authority             September 7, 2018                         Pass
 Askolani                       Commissioner                                Financial Services Authority             December 20, 2019                         Pass
 Fadlansyah Lubis               Commissioner                                Financial Services Authority             December 23, 2022                         Pass
 Asmawi Syam                    Independent Commissioner                    Financial Services Authority             March 16, 2020                            Pass
 Iman Sugema                    Independent Commissioner                    Financial Services Authority             June 17, 2020                             Pass
 Susyanto                       Commissioner                                Financial Services Authority             August 14, 2020                           Pass
 Septian Hario Seto             Independent Commissioner                    Financial Services Authority             July 27, 2020                             Pass
 Erwin Rijanto Slamet           Independent Commissioner                    Financial Services Authority             August 14, 2020                           Pass
 Note:
 1)
    Ceased serving as Independent Commissioner since March 15 2023



Period March 15– September 19, 2023
 Name                                       Position                               Organizer                      Effective Date of Office                  Result
 Agus Dermawan
                              President Commissioner/
 Wintarto                                                               Financial Services Authority          June 17, 2020                                  Pass
                              Independent Commissioner
 Martowardojo1)
                              Vice President Commissioner/
 Pradjoto                                                               Financial Services Authority          June 17, 2020                                  Pass
                              Independent Commissioner
 Sigit Widyawan2)             Independent Commissioner                  Financial Services Authority          March 15, 2023                                 Pass
 Askolani                     Commissioner                              Financial Services Authority          December 20, 2019                              Pass
 Fadlansyah Lubis             Commissioner                              Financial Services Authority          December 23, 2022                              Pass
 Asmawi Syam                  Independent Commissioner                  Financial Services Authority          March 16, 2020                                 Pass
 Iman Sugema                  Independent Commissioner                  Financial Services Authority          June 17, 2020                                  Pass
 Susyanto                     Commissioner                              Financial Services Authority          August 14, 2020                                Pass
 Septian Hario Seto           Independent Commissioner                  Financial Services Authority          July 27, 2020                                  Pass
 Erwin Rijanto Slamet         Independent Commissioner                  Financial Services Authority          August 14, 2020                                Pass
 Robertus Billitea3)          Commissioner                              Financial Services Authority          September 11, 2023                             Pass
 Note:
 1)
   Ceased serving as President Commissioner/Independent Commissioner since 19 September 2023
 2)
   Ceased serving as Independent Commissioner on March 15 2023, was reappointed as Independent Commissioner on March 15 2023 and has been effective since March 15
 2023 in accordance with Financial Services Authority Circular Letter No. 39/SEOJK.03/2016 dated 13 September 2016 concerning Fit and Proper Test for Prospective Controlling
 Shareholders, Prospective Members of the Board of Directors, and Prospective Members of the Bank's Board of Commissioners
 3)
   Served as Commissioner since March 15 2023 and effective based on OJK approval from September 11 2023



Period September 19 – December 31, 2023
 Name                                      Position                              Organizer                  Effective Date of Office                      Result
                                                                                                                                               In the OJK Fit
                                                                                                                                               and Proper Test
                              President Commissioner/                                                                                          Process as President
 Pradjoto1)                                                           Financial Services Authority          -2)
                              Independent Commissioner                                                                                         Commissioner/
                                                                                                                                               Independent
                                                                                                                                               Commissioner
                                                                                                                                               In the OJK Fit
                                                                                                                                               and Proper Test
                              Vice President
 Pahala Nugraha                                                                                                                                Process as President
                              Commissioner/ Independent               Financial Services Authority          -4)
 Mansury3)                                                                                                                                     Commissioner/
                              Commissioner
                                                                                                                                               Independent
                                                                                                                                               Commissioner
 Sigit Widyawan               Independent Commissioner                Financial Services Authority          March 15, 2023                                 Pass




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        Name                                   Position                              Organizer              Effective Date of Office                   Result
        Askolani                   Commissioner                          Financial Services Authority       December 20, 2019                           Pass
        Fadlansyah Lubis           Commissioner                          Financial Services Authority       December 23, 2022                           Pass
        Asmawi Syam                Independent Commissioner              Financial Services Authority       March 16, 2020                              Pass
        Iman Sugema                Independent Commissioner              Financial Services Authority       June 17, 2020                               Pass
        Susyanto                   Commissioner                          Financial Services Authority       August 14, 2020                             Pass
        Septian Hario Seto         Independent Commissioner              Financial Services Authority       July 27, 2020                               Pass
        Erwin Rijanto Slamet       Independent Commissioner              Financial Services Authority       August 14, 2020                             Pass
        Robertus Billitea          Commissioner                          Financial Services Authority       September 11, 2023                          Pass
        Note:
        1)Transferring the previously assignment as Vice President Commissioner/Independent Commissioner to become President Commissioner/Independent Commissioner since
        19 September 2023
        2)
          Served as Vice President Commissioner since September 19 2023



      BOARD OF COMMISSIONERS’ DISMISSAL AND RESIGNATION MECHANISM

      The mechanism for dismissal and resignation of the Board                             6. For members of the Board of Commissioners and
      of Commissioners is based on BNI’s Articles of Association                               among members of the Board of Commissioners and
      as follows:                                                                              members of the Board of Directors, there must be no
      1. Members of the Board of Commissioners are appointed                                   blood relationship up to the third degree, either in a
          and dismissed by the GMS, where the GMS is attended                                  straight line or side line, or a marriage relationship/
          by Dwiwarna Series A shareholders and the Meeting’s                                  familial relationship arising from marital ties, including
          resolution shall be approved by Dwiwarna Series A                                    son/daughter in law or brother/sister-in-law). In the
          shareholders, by observing the provisions in the Articles                            event of such situation, the GMS has the authority to
          of Association;                                                                      dismiss one of them.
      2. Members of the Board of Commissioners may at any                                  7. A member of the Board of Commissioners has the right
          time be dismissed based on a GMS resolution by stating                               to resign from the position before the term of office ends
          the reasons. The reason for dismissal of the related                                 by notifying in writing of the intention to the Company.
          member of the Board of Commissioners is carried out                              8. The Company must convene a GMS to resolve the
          in the event that it is based on fact that the member of                             resignation request of a member of the Board of
          the Board of Commissioners, among others:                                            Commissioners no longer than 90 (sixty) days after
          a. Failed to perform the duties properly;                                            receiving the resignation letter.
          b. Violated the provisions of the Articles of Association                        9. The Company must disclose the information to public
              and/or laws and regulations;                                                     and submit to OJK no later than 2 (two) business
          c. Engaged in actions that harms the Company and/                                    days after receiving such resignation request from the
              or the State;                                                                    member of the Board of Commissioners as referred
          d. Committed an action that violated the ethics and/                                 to in point 7 and the results of the GMS convention as
              or properness that shall be respected as member                                  referred to in point 8 above.
              of the Board of Commissioners;                                               10. Before the resignation becomes effective, the relevant
          e. Has been found guilty by a Court decision that has                                member of Board of Commissioners will remain
              permanent legal force; or                                                        obligated to complete the duties and responsibilities
          f. Resigns.                                                                          in accordance with the Articles of Association and
      3. In addition to the aforementioned reasons for the                                     applicable Laws and Regulations.
          dismissal of member of the Board of Commissioners,                               11. The member of the Board of Commissioners who
          members of the Board of Commissioners may be                                         resigns as mentioned above can still be held accountable
          dismissed by the GMS based on other reasons that                                     as a member of the Board of Commissioners since
          are deemed appropriate by the GMS for the interests                                  appointment until the approval date of the resignation
          and objectives of the Company.                                                       at the GMS.
      4. The decision to dismiss due to reasons as stated in point                         12. The release of the responsibilities of the resigning
          2 letter a, b, c, and d is carried out after the relevant                            members of the Board of Commissioners is given after
          member is given opportunity to defend themselves                                     the Annual GMS releases them.
          in the GMS.
      5. Dismissal as referred to in letter c and e is a dishonorable
          discharge.




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13. In the event that a member of Board of Commissioners                  To maintain objectivity and independency in performing
    resigns and this causes the total number of Board of                  the functions and duties of supervision, as stipulated in
    Commissioners to be less than 3 (three) people, then                  the POJK that regulates the implementation of governance
    the resignation becomes valid if it has been resolved by              for Commercial Banks, the Board of Commissioners is
    GMS and a new member of Board of Commissioners has                    prohibited from participating in making decisions in the
    been appointed, therefore, the minimum requirements                   Bank’s operational activities, except for:
    of the number of members of Board of Commissioners                    1. Provision of funds to related parties as stipulated in
    is satisfied.                                                             the provisions on a legal lending limit for commercial
14. The position of a member of the Board of Commissioners                    banks; and
    shall end in the event that:                                          2. Other matters set forth in the Bank’s Articles of
    a. The resignation has become effective as referred                       Association or Laws and Regulations.
        to in point 8 above.
    b. They pass away;                                                    The decision making of the Bank’s operational activities
    c. Their term of office ends;                                         by the Board of Commissioners is part of the Board of
    d. They are dismissed based on the GMS; or                            Commissioners’ supervisory duties, which does not negate
    e. They are declared bankrupt by a Commercial                         the Board of Directors’ responsibilities for the Bank’s
        Court which has legal binding force; permanent                    management activities.
        or underguarded based on a court decision; and
    f. They can no longer fulfill the requirements as a
        member of the Board of Commissioners based                        BOARD OF COMMISSIONERS’ DIVISION OF
        on Articles of Association and other laws and                     SUPERVISORY ROLES AND RESPONSIBILITIES
        regulations.                                                      President Commissioners’ Duties
15. Members of the Board of Commissioners who resign                      1. Coordinating the implementation of Board of
    before or after the term of office ends, unless due                      Commissioners’ duties;
    to death, shall still be responsible for actions whose                2. Chairing the Board of Commissioners’ Meetings;
    accountability has not been received by the GMS.                      3. Signing written documents including correspondence
                                                                             with other Commissioners;
BOARD OF COMMISSIONERS’                                                   4. Representing the Board of Commissioners by
DUTIES AND RESPONSIBILITIES                                                  attending forums, meetings and events organized by
                                                                             the authorities, Dwiwarna Series A Shareholders and
The Board of Commissioners duties and responsibilities                       other institutions;
include supervising the management policies, the general                  5. Representing the Board of Commissioners in chairing
management of both the Company and the Company’s                             the Company’s General Meeting of Shareholders.
business carried out by the Board of Directors and providing
advice to the Board of Directors, including supervising                   Duties of Members of the Board of Commissioners
the implementation of the Company’s Long Term Plan,                       In addition to the above duties and responsibilities,
the Company’s Annual Work Plan and Budget, and the                        each member of the Bank’s Board of Commissioners
provisions in the Articles of Association, Resolutions of                 has additional roles and responsibilities. The division of
the General Meeting of Shareholders (GMS), as well as                     work for members of the BNI Board of Commissioners
the prevailing laws and regulations, for the benefit of                   is carried out by determining the distribution of the
the Company and in accordance with the purposes and                       positions of the Board of Commissioners’ members in
objectives of the Company. This is in line with the 2007                  Committees established by the Board of Commissioners
Republic of Indonesia Law No. 40 of concerning Limited                    to assist with the smooth running of their duties, namely
Liability Companies, as partially amended by 2020 Law                     in the Audit Committee, the Risk Monitoring Committee,
No. 11 concerning Job Creation, and BNI’s Articles of                     the Nomination and Remuneration Committee and the
Association.                                                              Integrated Governance Committee.The appointment of each
                                                                          Board of Commissioners member as a committee member
In carrying out their duties, each member of the Board of                 is regulated through a Board of Commissioners Decree.
Commissioners is obliged to:
1. Comply with the Articles of Association and laws and                   In 2023, there were changes in the Board of Commissioners
    regulations, as well as the principles of professionalism,            composition so the Board of Commissioners division
    efficiency, transparency, independence, accountability,               of duties and responsibilities was adapted to the latest
    responsibility, as well as fairness and equality;                     needs and developments. The changes in the Board of
2. Have good faith, prudence and responsibility when                      Commissioners’ membership composition as committee
    carrying out their supervisory duties and providing                   members during 2023 were as follows:
    advice to the Board of Directors for the interests of
    the Company and in accordance with the purpose and
    objectives of the Company.



                                                                                      Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   685
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          2023                        Management                           Company                 Management Discussion and                   Business Support
      Performance                       Report                              Profile              Analysis on Company Performance                  Functions




      Period January 1 – March 15 2023
                                Distribution of Members of the Board of Commissioners as Committee Members
        Name                            Position                                 Period                                      Division of Duties
                                President
        Agus Dermawan                                                                                         •   Chair of the Nomination and Remuneration
                                Commissioner/                  •   January 1, 2023 – September 19, 2023
        Wintarto                                                                                                  Committee
                                Independent                    •   January 1, 2023 – September 19, 2023
        Martowardojo                                                                                          •   Chair of the Integrated Governance Committee
                                Commissioner
                                Vice President
                                                                                                              •   Chair of the Risk Monitoring Committee
                                Commissioner/                  •   January 1, 2023 – October 30, 2023
        Pradjoto                                                                                              •   Member of the Nomination and Remuneration
                                Independent                    •   January 1, 2023 – September 21, 2023
                                                                                                                  Committee
                                Commissioner
                                Independent                    •   January 1, 2023 – December 31, 2023        •   Member of the Nomination and Remuneration
        Sigit Widyawan1)
                                Commissioner                   •   January 1, 2023 – December 31, 2023            Committee
                                                                                                              •   Member of the Nomination and Remuneration
                                                               •   January 1, 2023 – December 31, 2023
        Askolani                Commissioner                                                                      Committee
                                                               •   January 1, 2023 – December 31, 2023
                                                                                                              •   Member of Integrated Governance Committee
                                                                                                              •   Member of the Nomination and Remuneration
                                                               •   January 1, 2023 – December 31, 2023
        Fadlansyah Lubis        Commissioner                                                                      Committee
                                                               •   January 1, 2023 – December 31, 2023
                                                                                                              •   Member of the Risk Monitoring Committee
                                                                                                              •   Chair of the Audit Committee
                                Independent                    •   January 1, 2023 – December 31, 2023
        Asmawi Syam                                                                                           •   Member of the Nomination and Remuneration
                                Commissioner                   •   January 1, 2023 – December 31, 2023
                                                                                                                  Committee
                                                                                                              •   Member of the Nomination and Remuneration
                                Independent                    •   January 1, 2023 – December 31, 2023
        Iman Sugema                                                                                               Committee
                                Commissioner                   •   January 1, 2023 – December 31, 2023
                                                                                                              •   Member of the Audit Committee
                                                                                                              •   Member of the Nomination and Remuneration
                                                               •   January 1, 2023 – December 31, 2023
        Susyanto                Commissioner                                                                      Committee
                                                               •   January 1, 2023 – December 31, 2023
                                                                                                              •   Member of Integrated Governance Committee
                                                                                                              •   Member of the Nomination and Remuneration
                                Independent                    •   January 1, 2023 – December 31, 2023
        Septian Hario Seto                                                                                        Committee
                                Commissioner                   •   January 1, 2023 – December 31, 2023
                                                                                                              •   Member of the Risk Monitoring Committee
                                                                                                              •   Member of the Nomination and Remuneration
        Erwin Rijanto           Independent                    •   January 1, 2023 – December 31, 2023
                                                                                                                  Committee
        Slamet                  Commissioner                   •   January 1, 2023 – October 30, 2023
                                                                                                              •   Member of the Risk Monitoring Committee
         Ceased serving as Independent Commissioner since March 15, 2023
        1)




      Period March 15– September 19, 2023
                                Distribution of Members of the Board of Commissioners as Committee Members
        Name                           Position                                 Period                                       Division of Duties
                                President
        Agus Dermawan                                                                                     •       Chair of the Nomination and Remuneration
                                Commissioner/              •       January 1, 2023 – September 19, 2023
        Wintarto                                                                                                  Committee
                                Independent                •       January 1, 2023 – September 19, 2023
        Martowardojo1)                                                                                    •       Chair of the Integrated Governance Committee
                                Commissioner
                                Vice President
                                                                                                          •       Chair of the Risk Monitoring Committee
                                Commissioner/              •       January 1, 2023 – October 30, 2023
        Pradjoto                                                                                          •       Member of the Nomination and Remuneration
                                Independent                •       January 1, 2023 – September 21, 2023
                                                                                                                  Committee
                                Commissioner
                                                                                                          •       Member of the Nomination and Remuneration
                                Independent                •       January 1, 2023 – December 31, 2023
        Sigit Widyawan2)                                                                                          Committee
                                Commissioner               •       January 1, 2023 – December 31, 2023
                                                                                                          •       Member of the Audit Committee
                                                                                                          •       Member of the Nomination and Remuneration
                                                           •       January 1, 2023 – December 31, 2023
        Askolani                Commissioner                                                                      Committee
                                                           •       January 1, 2023 – December 31, 2023
                                                                                                          •       Member of Integrated Governance Committee
                                                                                                          •       Member of the Nomination and Remuneration
                                                           •       January 1, 2023 – December 31, 2023
        Fadlansyah Lubis        Commissioner                                                                      Committee
                                                           •       January 1, 2023 – December 31, 2023
                                                                                                          •       Member of the Risk Monitoring Committee
                                                                                                          •       Chair of the Audit Committee
                                Independent                •       January 1, 2023 – December 31, 2023
        Asmawi Syam                                                                                       •       Member of the Nomination and Remuneration
                                Commissioner               •       January 1, 2023 – December 31, 2023
                                                                                                                  Committee
                                                                                                          •       Member of the Nomination and Remuneration
                                Independent                •       January 1, 2023 – December 31, 2023
        Iman Sugema                                                                                               Committee
                                Commissioner               •       January 1, 2023 – December 31, 2023
                                                                                                          •       Member of the Audit Committee
                                                                                                          •       Member of the Nomination and Remuneration
                                                           •       January 1, 2023 – December 31, 2023
        Susyanto                Commissioner                                                                      Committee
                                                           •       January 1, 2023 – December 31, 2023
                                                                                                          •       Member of Integrated Governance Committee


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                            Distribution of Members of the Board of Commissioners as Committee Members
 Name                             Position                                   Period                                               Division of Duties
                                                                                                              •       Member of the Nomination and Remuneration
                            Independent                 •   January 1, 2023 – December 31, 2023
 Septian Hario Seto                                                                                                   Committee
                            Commissioner                •   January 1, 2023 – December 31, 2023
                                                                                                              •       Member of the Risk Monitoring Committee
                                                                                                              •       Member of the Nomination and Remuneration
 Erwin Rijanto              Independent                 •   January 1, 2023 – December 31, 2023
                                                                                                                      Committee
 Slamet                     Commissioner                •   January 1, 2023 – October 30, 2023
                                                                                                              •       Member of the Risk Monitoring Committee
                                                                                                              •       Member of the Nomination and Remuneration
                                                        •   September 21, 2023 – December 31, 2023                    Committee
 Robertus Billitea   3)
                            Commissioner
                                                        •   September 21, 2023 – December 31, 2023            •       Member of the Integrated Governance
                                                                                                                      Committee
 Note:
 1)
   Ceased serving as President Commissioner/Independent Commissioner since September 19, 2023
 2)
   Ceased serving as Independent Commissioner on March 15, 2023, was reappointed as Independent Commissioner on March 15, 2023 and has been effective since March 15,
 2023 in accordance with Financial Services Authority Circular Letter No. 39/SEOJK.03/2016 dated September 13, 2016 concerning Fit and Proper Test for Prospective Controlling
 Shareholders, Prospective Members of the Board of Directors, and Prospective Members of the Bank's Board of Commissioners
 3)
   Served as Commissioner since March 15, 2023 and effective based on OJK approval from September 11, 2023



Period March 19– December 31, 2023

                            Distribution of Members of the Board of Commissioners as Committee Members
 Name                                Position                                    Period                                            Division of Duties
                                                                                                                  •     Chair of the Risk Monitoring Committee
                                                            •    September 21, 2023 – December 31,
                                                                                                                  •     Member of the Nomination and Remuneration
                            Vice President                       2023
 Pradjoto  1)
                                                                                                                        Committee
                            Commissioner                    •    October 30, 2023 – December 31,
                                                                                                                  •     Chair of the Nomination and Remuneration
                                                                 2023
                                                                                                                        Committee
                                                                                                                  •     Member of the Nomination and Remuneration
 Pahala Nugraha             Vice President
                                                            October 30, 2023 – December 31, 2023                        Committee
 Mansury2)                  Commissioner
                                                                                                                  •     Member of the Risk Monitoring Committee
                                                                                                                  •     Member of the Nomination and Remuneration
                            Independent                     •   January 1, 2023 – December 31, 2023
 Sigit Widyawan                                                                                                         Committee
                            Commissioner                    •   January 1, 2023 – December 31, 2023
                                                                                                                  •     Member of the Audit Committee
                                                                                                                  •     Member of the Nomination and Remuneration
                                                            •   January 1, 2023 – December 31, 2023
 Askolani                   Commissioner                                                                                Committee
                                                            •   January 1, 2023 – December 31, 2023
                                                                                                                  •     Member of Integrated Governance Committee
                                                            •   January 1, 2023 – December 31, 2023
                                                                                                                  •     Nomination and Remuneration Committee
 Fadlansyah Lubis           Commissioner                    •   January 1, 2023 – December 31, 2023
                                                                                                                  •     Member of the Risk Monitoring Committee

                                                            •   January 1, 2023 – December 31, 2023               •     Chair of the Audit Committee
                            Independent                     •   January 1, 2023 – December 31, 2023               •     Member of the Nomination and Remuneration
 Asmawi Syam
                            Commissioner                    •   September 21, 2023 – October 30,                        Committee
                                                                2023                                              •     Chair of the Integrated Governance Committee
                                                                                                                  •     Member of the Nomination and Remuneration
                            Independent                     •   January 1, 2023 – December 31, 2023
 Iman Sugema                                                                                                            Committee
                            Commissioner                    •   January 1, 2023 – December 31, 2023
                                                                                                                  •     Member of the Audit Committee
                                                            •   January 1, 2023 – December 31, 2023               •     Member of the Nomination and Remuneration
 Susyanto                   Commissioner                    •   January 1, 2023 – December 31, 2023                     Committee
                                                                                                                  •     Member of Integrated Governance Committee
                                                                                                                  •     Member of the Nomination and Remuneration
                            Independent                     •   January 1, 2023 – December 31, 2023
 Septian Hario Seto                                                                                                     Committee
                            Commissioner                    •   January 1, 2023 – December 31, 2023
                                                                                                                  •     Member of the Risk Monitoring Committee
                                                            •   January 1, 2023 – December 31, 2023               •     Member of the Nomination and Remuneration
 Erwin Rijanto              Independent
                                                            •   October 30, 2023 – December 31,                         Committee
 Slamet                     Commissioner
                                                                2023                                              •     Member of the Risk Monitoring Committee
                                                            •   September 21, 2023 – December 31,                 •     Member of the Nomination and Remuneration
                                                                2023                                                    Committee
 Robertus Billitea          Commissioner
                                                            •   September 21, 2023 – December 31,                 •     Member of the Integrated Governance
                                                                2023                                                    Committee
 Information:
 1)
    Transferring the previously assignment as Vice President Commissioner/Independent Commissioner to become President Commissioner/Independent Commissioner since
 19 September 2023 and in the OJK Fit and Proper Test process as President Commissioner/Independent Commissioner
 2)
   Served as Vice President Commissioner since September 19 2023 and in the OJK Fit and Proper Test process as President Commissioner/Independent Commissioner




                                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk          687
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      Performance                Report                    Profile            Analysis on Company Performance          Functions




      BOARD OF COMMISSIONERS’ AUTHORITIES                              6. Examine and review the periodic reports and Annual
                                                                           Reports prepared by the Board of Directors, including
      Based on the Bank’s Article of Association, the Board of             signing the Annual Report;
      Commissioners’ authorities include:                              7. Provide explanations, opinions, and suggestions to the
      1. Examining books, letters, and other documents,                    GMS on the Annual Report, if requested;
          examining the cash for verification purposes and other       8. Prepare Minutes of the Board of Commissioners’
          securities, and examining the Bank’s assets;                     Meetings and maintain 1 copy
      2. Entering the yards, buildings, and offices used by the        9. Report to the Bank on any personal and/or familial
          Bank;                                                            share ownership in the Bank and any other Companies;
      3. Requesting explanations from the Board of Directors           10. Provide a report on the supervisory duties that were
          and/or other officials on any issues related to the Bank’s       performed in the previous fiscal year to the GMS;
          management;                                                  11. Provide an explanation on all matters questioned or
      4. Understanding all policies and actions that have been             requested by Dwiwarna Series A Shareholders with
          and will be carried out by the Board of Directors;               due observance of the laws and regulations particularly
      5. Requesting the Board of Directors and/or other officials          those applicable in Capital Market sector;
          under the Board of Directors, with the consent of the        12. Perform other obligations in the framework of
          Board of Directors attend the Board of Commissioners’            supervisory and advisory duties as long as they do not
          Meeting;                                                         violate the laws and regulations, Articles of Association,
      6. Appointing and dismissing a Secretary to the Board                and/or GMS resolutions;
          of Commissioners;                                            13. Grant approval in writing for legal acts performed by
      7. Temporarily dismissing a member of the Board of                   the Board of Directors as required in BNI’s Articles of
          Directors in accordance with the provisions stipulated           Association with regard to the laws and regulations in
          in the Articles of Association;                                  the Capital Market sector:
      8. Establishing an Audit Committee, Remuneration and                 a. Release/transfer and/or pledge the Bank’s assets
          Nomination Committee, Risk Monitoring Committee,                     with criteria and values exceeding certain amounts
          Integrated Governance Committee, and other                           stipulated by the Board of Commissioners, except
          committees if deemed necessary with due observance                   assets that are recorded as inventories, with due
          of the Bank’s capability;                                            observance of the provisions in the capital market
      9. Involving experts on certain matters and for a certain                and banking sector;
          time period at the Bank’s expense, whenever deemed               b. Cooperate with other business entities or parties,
          necessary;                                                           in the form of joint operations (KSO), business
      10. Performing Bank management in certain circumstances                  cooperatives (KSU), license agreements, Build,
          for a certain time period in accordance with the                     Operate, and Transfer (BOT), Build, Transfer, and
          provisions stipulated in the Articles of Association;                Operate (BTO), Build, Operate, and Own (BOO),
      11. Approving the appointment and dismissal of the                       and other agreements that have the same nature,
          Corporate Secretary and/or Head of the Internal Audit;               same time period, or value exceeding those set by
      12. Attending Meetings of the Board of Directors and                     the Board of Commissioners;
          providing insights on matters discussed;                         c. Establish and change the Company’s logo;
      13. Carrying out other supervisory authority as long as it           d. Establish an organizational structure 1 (one) level
          is not in contrary to the laws and regulations, Articles             below the Board of Directors;
          of Association, and/or GMS resolutions.                          e. Undertake capital participation with a specified value
                                                                               as stipulated by the Board of Commissioners of
      BOARD OF COMMISSIONERS’ OBLIGATIONS                                      other companies, subsidiaries, and joint ventures
                                                                               that is not in the framework of rescuing receivables
      Based on BNI’s Articles of Association, the Board of                     with due observance of the provisions in the Capital
      Commissioners is obliged to:                                             Market sector;
      1. Provide advice to the Board of Directors in conducting            f. Establish subsidiaries and/or joint venture
         the management of the Bank;                                           companies with a certain value as stipulated by
      2. Provide opinions and approval for the Bank’s Annual                   the Board of Commissioners with due observance
         Work Plan and Budget, as well as other work plans                     of the provisions in the Capital Market sector;
         prepared by the Board of Directors, in accordance with
         the provisions of the Articles of Association;
      3. Follow the Bank’s development, provide opinions
         and suggestions to the GMS on any matters deemed
         necessary for the management of the Bank;
      4. Report to the Dwiwarna Series A Shareholders in the
         event of any decline in the Bank’s performance;
      5. Propose to the GMS the appointment of a Public
         Accounting Firm to audit the Bank’s books;


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          Practices                  Governance                       Responsibility                   Commitment                       Statements




    g. Propose the Bank’s representative as a candidate                                             • The principal of non-performing receivables which
       member of the Board of Directors and Board of                                                  have been written off in the framework of credit
       Commissioners in a subsidiaries that make a                                                    settlement, either partially or entirely; and
       significant contribution to the Bank, and/or has                                             • The difference between the principal value of
       strategic value as stipulated by the Board of                                                  non-performing receivables that has been written
       Commissioners;                                                                                 off with a transfer value including sales or with
    h. Perform mergers, consolidations, acquisitions,                                                 the value of disposal of right; to be carried out
       spinoffs, and liquidation of subsidiaries or joint-                                            based on the Board of Directors’ policies that have
       ventures with a certain value as stipulated by the                                             been approved by the Board of Commissioners
       Board of Commissioners with due observance of                                                  and in the amount of debt-cancelled limit set by
       the provisions in the Capital Market sector;                                                   the GMS that shall remain in force until any new
    i. Perform actions included in material transactions as                                           limit has been determined by the GMS.
       stipulated by the laws and regulations in the capital
       market sector with certain values as determined by                                  The Board of Commissioners’ approval regarding letters a,
       the Board of Commissioners, except if such actions                                  b, e, f, g, and h above, with certain limits and/ or criteria, is
       are included in material transactions excluded by                                   determined after obtaining the approval from the Dwiwarna
       the laws and regulations applicable in the Capital                                  Series A Shareholders. The determination of limits and/or
       Market sector;                                                                      criteria by the Board of Commissioners for the matters
    j. Actions that are not stipulated in the RKAP;                                        referred to in letters a, b, e, f, g, and h above is achieved
    k. Actions to transfer including selling, releasing the                                after obtaining the approval of the Dwiwarna Series A
       right to charge and/or not to charge again for:                                     Shareholders, and stated in a Board of Commissioners’
                                                                                           Decree.

BOARD OF COMMISSIONERS’

BOARD OF COMMISSIONERS POLICY ON CONCURRENT POSITIONS
The Board of Commissioners does not have concurrent positions that are prohibited based on the applicable laws
and regulations. The Board of Commissioners’ concurrent positions that are allowed are based on the applicable Laws
and Regulations and are executed by the related members of the Board of Commissioners whilst not ignoring the
implementation of duties and responsibilities as members of the Bank’s Board of Commissioners.

Information on the concurrent positions for each member of the BNI Board of Commissioners as of December 31, 2023
is as follows:
                                                                     Management Board Of
                                 Member Of The Board
                                                                     Political Parties And/Or
                                 Of Directors Of State                                                          Other Positions In
                                                                  Candidates/ Member of DPR,                                                     Other Positions That
                                  Owned Enterprises,                                                          Accordance With The
 Name                                                             DPD,DPRD Level I, And DPRD                                                     Can Cause a Conflict
                                   Regional Owned                                                            Provisions Of Laws And
                                                                   Level II And/Or Candidates                                                        Of Interest
                                  Enterprises, Private                                                             Regulations
                                                                   For Regional Head/ Deputy
                                  Owned Enterprises
                                                                          Regionsl Head
 Pradjoto1)                                   No                                    No                                     No                                No
 Pahala Nugraha
                                              No                                    No                                     No                                No
 Mansury2)
 Sigit Widyawan3)                             No                                    No                                     No                                No
 Askolani                                     No                                    No                                     No                                No
 Fadlansyah Lubis                             No                                    No                                     No                                No
 Asmawi Syam                                  No                                    No                                     No                                No
 Iman Sugema                                  No                                    No                                     No                                No
 Susyanto                                     No                                    No                                     No                                No
 Septian Hario Seto                           No                                    No                                     No                                No
 Erwin Rijanto Slamet                         No                                    No                                     No                                No
 Robertus Billitea4)                          No                                    No                                     No                                No
 Note:
 1)
   Transferring the original assignment as Vice President Commissioner/Independent Commissioner to become President Commissioner/Independent Commissioner since 19
 September 2023 and in the OJK Fit and Proper Test process as President Commissioner/Independent Commissioner
 2)
   Serving as Vice President Commissioner since September 19 2023 and in the OJK Fit and Proper Test process as Vice President Commissioner
 3)
   Ceased serving as Independent Commissioner on March 15 2023, and was reappointed as Independent Commissioner on March 15 2023 and served effectively on March 15
 2023 in accordance with Financial Services Authority Circular Letter No. 39/SEOJK.03/2016 dated 13 September 2016 concerning Fit and Proper Test for Prospective Controlling
 Shareholders, Prospective Members of the Board of Directors, and Prospective Members of the Bank's Board of Commissioners
 4)
   Served as Commissioner since March 15 2023 and effective based on OJK approval from September 11 2023




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      Performance                  Report                         Profile               Analysis on Company Performance            Functions




      BOARD OF COMMISSIONERS MEETING                                             of Commissioners Decree No. KEP/010/ DK/2018 dated July 12,
      Mechanism of Board of Commissioners Meetings                               2018 concerning Rules for Board of Commissioners Meetings,
      and Meetings of the Board of Commissioners with                            and Board of Commissioners and Board of Directors Meetings
      the Board of Directors                                                     at PT Bank Negara Indonesia (Persero) Tbk, which contain
      Based on the OJK Regulations and the Company’s Articles                    provisions concerning:
      of Association No. 33/ POJK.04/2014 dated December 8, 2014                 1. Meeting Schedule;
      concerning the Board of Directors and Board of Commissioners               2. Meeting agenda;
      of Issuers or Public Companies, the Company’s Articles of                  3. Meeting Venue;
      Association states that the Board of Commissioners is required             4. Meeting Participants;
      to hold meetings at least 1 (one) time in 2 (two) months, and              5. Power and Representation;
      hold joint meetings with the Directors regularly, at least 1               6. Meeting Summons;
      (one) time in 4 (four) months. The Board of Commissioners                  7. Meeting Attendance and Decision Making;
      may also hold meetings at any time at the request of 1 (one)               8. Documentation of the implementation of the Meeting
      or several members of the Board of Commissioners or the                        and administration of Minutes of Meeting;
      Board of Directors, by specifying the matters to be discussed.             9. Decisions of the Board of Commissioners outside the
                                                                                     meeting;
      The Board of Commissioners may also make valid decisions                   10. Meeting of the Board of Commissioners through
      without holding a Board of Commissioners Meeting                               Teleconference Media;
      provided all members of the Board of Commissioners have                    11. Format and materials for Meeting Presentations.
      been notified in writing and all members of the Board of
      Commissioners give their approval regarding the proposal                   The Board of Commissioners’ meetings consist of:
      submitted in writing and sign the agreement.                               1. Internal Meetings of the Board of Commissioners;
                                                                                 2. Board of Commissioners meetings by inviting the Field/
      The Board of Commissioners has established procedures                         Sectoral Director or Senior Executive Vice President
      and mechanisms and guidelines for holding Board of                            (SEVP);
      Commissioners and Board of Directors meetings. This                        3. Joint Meetings of the Board of Directors and the
      procedure is regulated in the Board of Commissioners                          Board of Commissioners, Board of Commissioners
      Decree No. Kep/049/ DK/2017 dated October 26, 2017                            Meeting with the Board of Directors, attended by the
      concerning Guidelines and Work Procedures for the Board                       Corporate Secretary and the Secretary to the Board of
      of Commissioners, which was further elaborated in the Board                   Commissioners.

      Agenda, Date And Participants Of The Board Of Commissioners Meetings In 2023
      During 2023, the agenda, date and participants of the Board of Commissioners’ Meetings were as follows:
                                                Board of Commissioners Meetings
        No.         Date                    Meeting Agenda                       Meeting Participants              Attended          Note
                                 The Board of Commissioners meeting
                                 invites the Related Director
                                 1. Approval of Credit Facilities to related   1. Agus Dermawan Wintarto
                                                                                                                1. Present
                                     parties                                       Martowardojo 1)
                                                                                                                2. Present
                                 2. Approval of the proposed changes to        2. Pradjoto
                                                                                                                3. Present
                                     the BNI Pension Fund Regulations          3. Sigit Widyawan 4)
                                                                                                                4. Present
                                 3. Appointment of an Independent              4. Askolani
                                                                                                                5. Present
        1      January 5, 2023       Consultant on Remuneration for            5. Asmawi Syam                                 Video Conference
                                                                                                                6. Present
                                     the Board of Directors and Board of       6. Septian Hario Seto
                                                                                                                7. Present
                                     Commissioners                             7. Iman Sugema
                                                                                                                8. Present
                                                                               8. Susyanto
                                                                                                                9. Present
                                 Internal Meeting of the Board of              9. Erwin Rijanto Slamet
                                                                                                                10. Present
                                 Commissioners                                 10. Fadlansyah Lubis
                                 Approval of the 2023 BOC KPI and BOC
                                 Committee Work Plan
                                 The Board of Commissioners meeting
                                 invites the Related Director                  1. Agus Dermawan Wintarto
                                                                                                                1. Present
                                 1. Approval of Credit Facilities to related       Martowardojo 1)
                                                                                                                2. Present
                                     parties                                   2. Pradjoto
                                                                                                                3. Present
                                 2. Determination of HPS for                   3. Sigit Widyawan 4)
                                                                                                                4. Present
                                     Procurement of General Audit              4. Askolani
                                                                                                                5. Present
        2      January 12, 202       Services for the 2023 Financial Year      5. Asmawi Syam                                 Video Conference
                                                                                                                6. Present
                                 3. Appointment of an Independent              6. Septian Hario Seto
                                                                                                                7. Present
                                     Consultant on Remuneration for            7. Iman Sugema
                                                                                                                8. Present
                                     the Board of Directors and Board of       8. Susyanto
                                                                                                                9. Present
                                     Commissioners                             9. Erwin Rijanto Slamet
                                                                                                                10. Present
                                 4. Credit Consultation to the Board of        10. Fadlansyah Lubis
                                     Commissioners

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                                                  Board of Commissioners Meetings
 No.           Date                    Meeting Agenda                          Meeting Participants           Attended                 Note
                                                                         1. Agus Dermawan Wintarto
                            Meeting of the Board of Commissioners                                          1. Present
                                                                             Martowardojo 1)
                            with the Board of Directors                                                    2. Present
                                                                         2. Pradjoto
                            1. Closing Audit Meeting for the 2022                                          3. Present
                                                                         3. Sigit Widyawan 4)
                               Fiscal Year and BNI's Financial                                             4. Present
                                                                         4. Askolani
         January 19,           Performance as of 31 December 2022                                          5. Present
 3                                                                       5. Asmawi Syam                                         Video Conference
         2023               2. BNI Individual Health Level Self                                            6. Present
                                                                         6. Septian Hario Seto
                               Assessment for position 31 December                                         7. Present
                                                                         7. Iman Sugema
                               2022                                                                        8. Present
                                                                         8. Susyanto
                            3. Proposed schedule and agenda for                                            9. Present
                                                                         9. Erwin Rijanto Slamet
                               the 2022 BNI Annual GMS                                                     10. Present
                                                                         10. Fadlansyah Lubis
                                                                         1. Agus Dermawan Wintarto
                            Meeting of the Board of Commissioners                                          1. Present
                                                                             Martowardojo 1)
                            with the Board of Directors                                                    2. Present
                                                                         2. Pradjoto
                            1. BNI Financial Performance for the                                           3. Present
                                                                         3. Sigit Widyawan 4)
                               December 2022 Period                                                        4. Present
                                                                         4. Askolani
         January 26,        2. BNI DPLK Business Plan Monitoring                                           5. Present
 4                                                                       5. Asmawi Syam                                         Video Conference
         2023                  Report for Semester II-2022                                                 6. Present
                                                                         6. Septian Hario Seto
                            3. Approval of the BNI DPLK Risk                                               7. Present
                                                                         7. Iman Sugema
                               Management Policy                                                           8. Present
                                                                         8. Susyanto
                            4. Approval of the proposed changes to                                         9. Present
                                                                         9. Erwin Rijanto Slamet
                               the BNI Pension Fund Regulations                                            10. Present
                                                                         10. Fadlansyah Lubis
                                                                         1. Agus Dermawan Wintarto
                                                                                                           1. Present
                                                                             Martowardojo 1)
                                                                                                           2. Present
                                                                         2. Pradjoto
                            The Board of Commissioners meeting                                             3. Present
                                                                         3. Sigit Widyawan 4)
                            invited the Related Director                                                   4. Present
                                                                         4. Askolani
         February 2,        1. Proposed Human Capital Policy                                               5. Present
 5                                                                       5. Asmawi Syam                                         Video Conference
         2023               2. Credit Realization Report consulted                                         6. Present
                                                                         6. Septian Hario Seto
                                with the Board of Commissioners for                                        7. Present
                                                                         7. Iman Sugema
                                the 2022 Period                                                            8. Present
                                                                         8. Susyanto
                                                                                                           9. Present
                                                                         9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                                                         10. Fadlansyah Lubis
                            The Board of Commissioners meeting
                            invited the Related Director
                            1. Proposed Human Capital Policy
                                (continued)
                            2. Organizational Management Policies,
                                Systems and Procedures
                            3. Update on Organizational Changes
                                2022                                     1. Agus Dermawan Wintarto
                                                                                                           1. Present
                            4. Organizational Arrangement of the             Martowardojo 1)
                                                                                                           2. Present
                                Board of Directors                       2. Pradjoto
                                                                                                           3. Present
                            5. Proposed Organizational Changes           3. Sigit Widyawan 4)
                                                                                                           4. Present
                            6. Progress Corporate Transformation         4. Askolani
         February 9,                                                                                       5. Present
 6                          7. Policy/Procedure for Nomination/          5. Asmawi Syam                                         Video Conference
         2023                                                                                              6. Present
                                Replacement of Directors and/or          6. Septian Hario Seto
                                                                                                           7. Present
                                Board of Commissioners                   7. Iman Sugema
                                                                                                           8. Present
                            8. Company Talent Management                 8. Susyanto
                                                                                                           9. Present
                                Policies/Systems and SOE Talent          9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                Proposals                                10. Fadlansyah Lubis
                            9. Capacity Development Program
                                for Directors and/or Board of
                                Commissioners 2022
                            10. Proposed Capacity Development
                                Program for Members of the
                                Board of Directors and/or Board of
                                Commissioners 2023




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                                                        Board of Commissioners Meetings
        No.         Date                    Meeting Agenda                      Meeting Participants              Attended              Note
                                                                              1. Agus Dermawan Wintarto
                                                                                                               1. Present
                                                                                  Martowardojo 1)
                                                                                                               2. Present
                                                                              2. Pradjoto
                                                                                                               3. Present
                                                                              3. Sigit Widyawan 4)
                                 The Board of Commissioners meeting                                            4. Present
                                                                              4. Askolani
               February 22,      invites the Related Director                                                  5. Present
        7                                                                     5. Asmawi Syam                                     Video Conference
               2023              1. Discussion of BNI Talent                                                   6. Present
                                                                              6. Septian Hario Seto
                                 2. 2. BNI Talent Interview                                                    7. Present
                                                                              7. Iman Sugema
                                                                                                               8. Present
                                                                              8. Susyanto
                                                                                                               9. Present
                                                                              9. Erwin Rijanto Slamet
                                                                                                               10. Present
                                                                              10. Fadlansyah Lubis
                                                                              1. Agus Dermawan Wintarto
                                 The Board of Commissioners meeting                                            1. Present
                                                                                  Martowardojo 1)
                                 invites the Related Director                                                  2. Present
                                                                              2. Pradjoto
                                 1. Policies/Systems for managing                                              3. Present
                                                                              3. Sigit Widyawan 4)
                                     the performance of the Board of                                           4. Present
                                                                              4. Askolani
               February 23,          Directors, Achieving the performance                                      5. Present
        8                                                                     5. Asmawi Syam                                     Video Conference
               2023                  of the Board of Directors in 2022, and                                    6. Present
                                                                              6. Septian Hario Seto
                                     setting KPI targets for the Board of                                      7. Present
                                                                              7. Iman Sugema
                                     Directors in 2023                                                         8. Present
                                                                              8. Susyanto
                                 2. One on one Board of Directors                                              9. Present
                                                                              9. Erwin Rijanto Slamet
                                     interview                                                                 10. Present
                                                                              10. Fadlansyah Lubis
                                                                              1. Agus Dermawan Wintarto
                                                                                                               1. Present
                                                                                  Martowardojo 1)
                                                                                                               2. Present
                                 The Board of Commissioners meeting           2. Pradjoto
                                                                                                               3. Present
                                 invited the Related Director                 3. Sigit Widyawan 4)
                                 One on one Board of Directors interview                                       4. Present
                                                                              4. Askolani
               February 24,                                                                                    5. Present
        9                                                                     5. Asmawi Syam                                     Video Conference
               2023              Internal Meeting of the Board of                                              6. Present
                                 Commissioners                                6. Septian Hario Seto
                                                                                                               7. Present
                                 Internal Meeting of the Board of             7. Iman Sugema
                                                                                                               8. Present
                                 Commissioners                                8. Susyanto
                                                                                                               9. Present
                                                                              9. Erwin Rijanto Slamet
                                                                                                               10. Present
                                                                              10. Fadlansyah Lubis
                                                                              1. Agus Dermawan Wintarto
                                                                                                               1. Present
                                                                                  Martowardojo 1)
                                                                                                               2. Present
                                                                              2. Pradjoto
                                                                                                               3. Not Present
               The Board of                                                   3. Sigit Widyawan 4)
                                 The Board of Commissioners meeting                                            4. Present
               Commissioners                                                  4. Askolani
                                 invited the Related Director                                                  5. Present
        10     meeting invited                                                5. Asmawi Syam                                     Video Conference
                                 The Board of Commissioners meeting                                            6. Present
               the Related                                                    6. Septian Hario Seto
                                 invited the Related Director                                                  7. Present
               Director                                                       7. Iman Sugema
                                                                                                               8. Not Present
                                                                              8. Susyanto
                                                                                                               9. Present
                                                                              9. Erwin Rijanto Slamet
                                                                                                               10. Not Present
                                                                              10. Fadlansyah Lubis
                                 The Board of Commissioners meeting
                                 invited the Related Director                 1. Agus Dermawan Wintarto
                                                                                                               1. Present
                                 1. 2022 DPLK Governance Report and               Martowardojo 1)
                                                                                                               2. Present
                                     2022 DPLK Supervision Report             2. Pradjoto
                                                                                                               3. Present
                                 2. Determination of External KAP for         3. Sigit Widyawan 4)
                                                                                                               4. Present
                                     Audit of BNI Financial Reports for       4. Askolani
               February 28,                                                                                    5. Present
        11                           Financial Year 2023                      5. Asmawi Syam                                     Video Conference
               202                                                                                             6. Present
                                 3. Independent BOD and BOC                   6. Septian Hario Seto
                                                                                                               7. Not Present
                                     Remuneration Consultant Report, as       7. Iman Sugema
                                                                                                               8. Present
                                     well as BOD and BOC Remuneration         8. Susyanto
                                                                                                               9. Present
                                     Proposals                                9. Erwin Rijanto Slamet
                                                                                                               10. Present
                                 4. Proposed AGMS Resolutions for the         10. Fadlansyah Lubis
                                     2022 financial year




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          Practices             Governance                 Responsibility               Commitment                  Statements




                                                   Board of Commissioners Meetings
 No.           Date                    Meeting Agenda                           Meeting Participants           Attended                 Note
                                                                          1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                              Martowardojo 1)
                                                                                                            2. Present
                                                                          2. Pradjoto
                            The Board of Commissioners meeting                                              3. Present
                                                                          3. Sigit Widyawan 4)
                            invites the Related Director                                                    4. Present
                                                                          4. Askolani
                            1. Credit Consultation to the Board of                                          5. Present
 12      March 2, 2023                                                    5. Asmawi Syam                                         Video Conference
                                Commissioners                                                               6. Present
                                                                          6. Septian Hario Seto
                            2. Determination of Subsidiary                                                  7. Present
                                                                          7. Iman Sugema
                                Company Management                                                          8. Present
                                                                          8. Susyanto
                                                                                                            9. Present
                                                                          9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                          10. Fadlansyah Lubis
                                                                          1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                              Martowardojo 1)
                                                                                                            2. Present
                                                                          2. Pradjoto
                                                                                                            3. Present
                                                                          3. Sigit Widyawan 4)
                            The Board of Commissioners meeting                                              4. Not Present
                                                                          4. Askolani
                            invited the Related Director                                                    5. Present
 13      March 9, 2023                                                    5. Asmawi Syam                                         Video Conference
                            Discussion of Enterprise Banking                                                6. Present
                            segment debtors                               6. Septian Hario Seto
                                                                                                            7. Present
                                                                          7. Iman Sugema
                                                                                                            8. Present
                                                                          8. Susyanto
                                                                                                            9. Present
                                                                          9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                          10. Fadlansyah Lubis
                                                                          1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                              Martowardojo 1)
                                                                                                            2. Present
                                                                          2. Pradjoto
                                                                                                            3. Present
                            The Board of Commissioners meeting            3. Sigit Widyawan 4)
                                                                                                            4. Not Present
                            invites the Related Director                  4. Askolani
                                                                                                            5. Present
 14      March 14, 2023     1. 2022 BNI DPLK Health Level                 5. Asmawi Syam                                         Video Conference
                                                                                                            6. Present
                                Assessment Report                         6. Septian Hario Seto
                                                                                                            7. Present
                            2. Others                                     7. Iman Sugema
                                                                                                            8. Present
                                                                          8. Susyanto
                                                                                                            9. Present
                                                                          9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                          10. Fadlansyah Lubis
                                                                          1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                              Martowardojo 1)
                                                                                                            2. Present
                                                                          2. Pradjoto
                                                                                                            3. Present
                                                                          3. Sigit Widyawan 4)
                            The Board of Commissioners meeting                                              4. Present
                                                                          4. Askolani
                            invited the Related Director                                                    5. Present
 15      March 16, 2023                                                   5. Asmawi Syam                                         Video Conference
                            Discussion of Enterprise Banking                                                6. Not Present
                            segment debtors (continued)                   6. Septian Hario Seto
                                                                                                            7. Present
                                                                          7. Iman Sugema
                                                                                                            8. Present
                                                                          8. Susyanto
                                                                                                            9. Present
                                                                          9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                          10. Fadlansyah Lubis
                                                                          1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                              Martowardojo 1)
                                                                                                            2. Present
                                                                          2. Pradjoto
                            The Board of Commissioners meeting                                              3. Present
                                                                          3. Sigit Widyawan 4)
                            invites the Related Director                                                    4. Present
                                                                          4. Askolani
                            1. Organizational Arrangement of the                                            5. Present
                                                                          5. Asmawi Syam
 16      March 29, 2023         BNI Board of Directors (Directorate                                         6. Present           Video Conference
                                                                          6. Septian Hario Seto
                                Division).                                                                  7. Present
                                                                          7. Iman Sugema
                            2. Credit Consultation to the Board of                                          8. Present
                                                                          8. Susyanto
                                Commissioners                                                               9. Present
                                                                          9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                          10. Fadlansyah Lubis
                                                                                                            11. Present
                                                                          11. Robertus Billitea 5)




                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   693
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      Performance                 Report                         Profile              Analysis on Company Performance                Functions




                                                       Board of Commissioners Meetings
        No.         Date                   Meeting Agenda                      Meeting Participants              Attended              Note
                                                                             1. Agus Dermawan Wintarto
                                                                                                              1. Present
                                Internal Meeting of the Board of                 Martowardojo 1)
                                                                                                              2. Present
                                Commissioners                                2. Pradjoto
                                                                                                              3. Present
                                                                             3. Sigit Widyawan 4)
                                1. The Board of Commissioners                                                 4. Not Present
                                                                             4. Askolani
                                                                                                              5. Present
                                   meeting invites the Related Director      5. Asmawi Syam
        17     March 30, 2023                                                                                 6. Present        Video Conference
                                2. Credit Consultation to the Board of       6. Septian Hario Seto
                                                                                                              7. Present
                                   Commissioners                             7. Iman Sugema
                                                                                                              8. Present
                                3. Consultation on writing off               8. Susyanto
                                                                                                              9. Present
                                   credit books with the Board of            9. Erwin Rijanto Slamet
                                                                                                              10. Not Present
                                   Commissioners                             10. Fadlansyah Lubis
                                                                                                              11. Present
                                                                             11. Robertus Billitea 5)
                                                                             1. Agus Dermawan Wintarto
                                                                                                              1. Present
                                                                                 Martowardojo 1)
                                                                                                              2. Present
                                                                             2. Pradjoto
                                                                                                              3. Present
                                                                             3. Sigit Widyawan 4)
                                                                                                              4. Present
                                The Board of Commissioners meeting           4. Askolani
                                                                                                              5. Present
                                invites the Related Director                 5. Asmawi Syam
        18     April 4, 2023                                                                                  6. Not Present    Video Conference
                                Discussion of Commercial Banking             6. Septian Hario Seto
                                segment debtors                                                               7. Present
                                                                             7. Iman Sugema
                                                                                                              8. Present
                                                                             8. Susyanto
                                                                                                              9. Present
                                                                             9. Erwin Rijanto Slamet
                                                                                                              10. Present
                                                                             10. Fadlansyah Lubis
                                                                                                              11. Present
                                                                             11. Robertus Billitea 5)
                                                                             1. Agus Dermawan Wintarto
                                                                                                              1. Present
                                                                                 Martowardojo 1)
                                The Board of Commissioners meeting                                            2. Not Present
                                                                             2. Pradjoto
                                invited the Related Director                                                  3. Present
                                                                             3. Sigit Widyawan 4)
                                1. Proposed General Policy for Internal                                       4. Not Present
                                                                             4. Askolani
                                    Control Systems (KUSPI)                                                   5. Not Present
                                                                             5. Asmawi Syam
        19     April 6, 2023    2. Discussion of Commercial Banking                                           6. Present        Video Conference
                                                                             6. Septian Hario Seto
                                    segment debtors (continued)                                               7. Present
                                                                             7. Iman Sugema
                                                                                                              8. Present
                                                                             8. Susyanto
                                Internal Meeting of the Board of                                              9. Present
                                Commissioners                                9. Erwin Rijanto Slamet
                                                                                                              10. Not Present
                                                                             10. Fadlansyah Lubis
                                                                                                              11. Not Present
                                                                             11. Robertus Billitea 5)
                                                                             1. Agus Dermawan Wintarto
                                                                                                              1. Present
                                                                                 Martowardojo 1)
                                                                                                              2. Not Present
                                                                             2. Pradjoto
                                                                                                              3. Present
                                Meeting of the Board of Commissioners        3. Sigit Widyawan 4)
                                                                                                              4. Present
                                with the Board of Directors                  4. Askolani
                                                                                                              5. Present
                                1. BNI Financial Performance as of           5. Asmawi Syam
        20     April 13, 2023                                                                                 6. Present        Video Conference
                                   March 31 2023                             6. Septian Hario Seto
                                                                                                              7. Not Present
                                2. Credit Consultation to the Board of       7. Iman Sugema
                                                                                                              8. Present
                                   Commissioners                             8. Susyanto
                                                                                                              9. Present
                                                                             9. Erwin Rijanto Slamet
                                                                                                              10. Present
                                                                             10. Fadlansyah Lubis
                                                                                                              11. Present
                                                                             11. Robertus Billitea 5)
                                                                             1. Agus Dermawan Wintarto
                                                                                                              1. Present
                                                                                 Martowardojo 1)
                                                                                                              2. Not Present
                                                                             2. Pradjoto
                                The Board of Commissioners meeting                                            3. Present
                                                                             3. Sigit Widyawan 4)
                                invite the Related Director                                                   4. Not Present
                                                                             4. Askolani
                                1. Individual BNI Risk Profile Position 31                                    5. Not Present
                                                                             5. Asmawi Syam
        21     April 27, 2023       March 2023                                                                6. Present        Video Conference
                                                                             6. Septian Hario Seto
                                2. Payment Service Provider Report                                            7. Present
                                                                             7. Iman Sugema
                                3. Credit Consultation to the Board of                                        8. Present
                                                                             8. Susyanto
                                    Commissioners                                                             9. Present
                                                                             9. Erwin Rijanto Slamet
                                                                                                              10. Not Present
                                                                             10. Fadlansyah Lubis
                                                                                                              11. Not Present
                                                                             11. Robertus Billitea 5)




694   From Local to Global
Page 108
Capital & Risk Management      Good Corporate          Social & Environmental              ESG                       Financial
          Practices             Governance                 Responsibility               Commitment                  Statements




                                                   Board of Commissioners Meetings
 No.           Date                    Meeting Agenda                           Meeting Participants           Attended                   Note
                                                                          1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                              Martowardojo 1)
                                                                                                            2. Present
                                                                          2. Pradjoto
                                                                                                            3. Present
                                                                          3. Sigit Widyawan 4)
                                                                                                            4. Present
                            The Board of Commissioners meeting            4. Askolani
                                                                                                            5. Present
                            invited the Related Director                  5. Asmawi Syam
 22      May 2, 2023                                                                                        6. Not Present       Video Conference
                            Credit Consultation to the Board of           6. Septian Hario Seto
                            Commissioners                                                                   7. Not Present
                                                                          7. Iman Sugema
                                                                                                            8. Present
                                                                          8. Susyanto
                                                                                                            9. Present
                                                                          9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                          10. Fadlansyah Lubis
                                                                                                            11. Present
                                                                          11. Robertus Billitea 5)
                                                                          1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                              Martowardojo 1)
                                                                                                            2. Present
                                                                          2. Pradjoto
                                                                                                            3. Present
                            The Board of Commissioners meeting            3. Sigit Widyawan 4)
                                                                                                            4. Present
                            invites the Related Director                  4. Askolani
                                                                                                            5. Present
                            1. BNI Overseas Branch Office Overview        5. Asmawi Syam
 23      May 4, 2023                                                                                        6. Present           Hybrid
                                Report                                    6. Septian Hario Seto
                                                                                                            7. Present
                            2. Credit Consultation to the Board of        7. Iman Sugema
                                                                                                            8. Present
                                Commissioners                             8. Susyanto
                                                                                                            9. Present
                                                                          9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                          10. Fadlansyah Lubis
                                                                                                            11. Present
                                                                          11. Robertus Billitea 5)
                                                                          1. Agus Dermawan Wintarto
                                                                                                            1. Present
                            The Board of Commissioners meeting                Martowardojo 1)
                                                                                                            2. Present
                            invites the Related Director                  2. Pradjoto
                                                                                                            3. Present
                            1. Annual Audit and Consultation Plan         3. Sigit Widyawan 4)
                                                                                                            4. Present
                                for 2023                                  4. Askolani
                                                                                                            5. Present
                            2. Approval of the Plan for Additional        5. Asmawi Syam
 24      May 11, 2023                                                                                       6. Present           Hybrid
                                Capital Inclusion and Provision of        6. Septian Hario Seto
                                                                                                            7. Present
                                Funds to Related Parties in Subsidiary    7. Iman Sugema
                                                                                                            8. Present
                                Companies                                 8. Susyanto
                                                                                                            9. Present
                            3. Determination of Subsidiary                9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                Company Management                        10. Fadlansyah Lubis
                                                                                                            11. Present
                                                                          11. Robertus Billitea 5)
                                                                          1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                              Martowardojo 1)
                                                                                                            2. Present
                            The Board of Commissioners meeting            2. Pradjoto
                                                                                                            3. Present
                            invited the Related Director                  3. Sigit Widyawan 4)
                                                                                                            4. Present
                            1. Determination of 2023 Directors' KPI       4. Askolani
                                                                                                            5. Present
 25
         May 19,                Targets and Management Contracts          5. Asmawi Syam
                                                                                                            6. Present           Hybrid
         2023               2. Approval of BNI's 2023 Risk Appetite       6. Septian Hario Seto
                                                                                                            7. Present
                                Statement                                 7. Iman Sugema
                                                                                                            8. Present
                            3. Credit Consultation to the Board of        8. Susyanto
                                                                                                            9. Present
                                Commissioners                             9. Erwin Rijanto Slamet
                                                                                                            10. Not Present
                                                                          10. Fadlansyah Lubis
                                                                                                            11. Not Present
                                                                          11. Robertus Billitea 5)
                                                                          1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                              Martowardojo 1)
                            The Board of Commissioners meeting                                              2. Present
                                                                          2. Pradjoto
                            invites the Related Director                                                    3. Present
                                                                          3. Sigit Widyawan 4)
                            1. Update regarding proposals from                                              4. Present
                                                                          4. Askolani
                                Subsidiary Company management                                               5. Present
                                                                          5. Asmawi Syam
 26      May 25, 2023       2. Change of KNR members                                                        6. Present           Hybrid
                                                                          6. Septian Hario Seto
                            3. Update on the Executive Education of                                         7. Present
                                                                          7. Iman Sugema
                                the Board of Commissioners                                                  8. Present
                                                                          8. Susyanto
                            4. Discussion of Commercial Banking                                             9. Present
                                                                          9. Erwin Rijanto Slamet
                                Segment Debtors (continued)                                                 10. Present
                                                                          10. Fadlansyah Lubis
                                                                                                            11. Not Present
                                                                          11. Robertus Billitea 5)




                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   695
Page 109
          2023                 Management                     Company                 Management Discussion and                 Business Support
      Performance                Report                        Profile              Analysis on Company Performance                Functions




                                                      Board of Commissioners Meetings
        No.         Date                  Meeting Agenda                     Meeting Participants              Attended                Note
                                                                           1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                               Martowardojo 1)
                                                                                                            2. Present
                                                                           2. Pradjoto
                               The Board of Commissioners meeting                                           3. Present
                                                                           3. Sigit Widyawan 4)
                               invited the Related Director                                                 4. Present
                                                                           4. Askolani
                               1. Plans and Developments for                                                5. Present
                                                                           5. Asmawi Syam
        27     May 31, 2023        Remedial and Recovery Performance                                        6. Not Present    Hybrid
                                                                           6. Septian Hario Seto
                                   2023                                                                     7. Present
                                                                           7. Iman Sugema
                               2. Discussion of Commercial Banking                                          8. Present
                                                                           8. Susyanto
                                   Segment Debtors (continued)                                              9. Present
                                                                           9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                           10. Fadlansyah Lubis
                                                                                                            11. Present
                                                                           11. Robertus Billitea 5)
                                                                           1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                               Martowardojo 1)
                                                                                                            2. Present
                                                                           2. Pradjoto
                                                                                                            3. Present
                                                                           3. Sigit Widyawan 4)
                                                                                                            4. Not Present
                               The Board of Commissioners meeting          4. Askolani
                                                                                                            5. Present
                               invites the Related Director                5. Asmawi Syam
        28     June 8, 2023                                                                                 6. Present        Hybrid
                               1. Employee Remuneration Policy             6. Septian Hario Seto
                                                                                                            7. Present
                               2. Digitalization of Human Capital          7. Iman Sugema
                                                                                                            8. Present
                                                                           8. Susyanto
                                                                                                            9. Present
                                                                           9. Erwin Rijanto Slamet
                                                                                                            10. Not Present
                                                                           10. Fadlansyah Lubis
                                                                                                            11. Present
                                                                           11. Robertus Billitea 5)
                               The Board of Commissioners meeting
                               invites the Related Director                1. Agus Dermawan Wintarto
                                                                                                            1. Present
                               1. Credit Write-Off Consultation with the       Martowardojo 1)
                                                                                                            2. Not Present
                                   Board of Commissioners, as well as      2. Pradjoto
                                                                                                            3. Present
                                   the next Credit Write-Off Plan during   3. Sigit Widyawan 4)
                                                                                                            4. Present
                                   2023                                    4. Askolani
                                                                                                            5. Present
                               2. Credit Consultation to the Board of      5. Asmawi Syam
        29     June 15, 2023                                                                                6. Present        Hybrid
                                   Commissioners                           6. Septian Hario Seto
                                                                                                            7. Present
                               3. Determination of the composition of      7. Iman Sugema
                                                                                                            8. Present
                                   the management of the subsidiary        8. Susyanto
                                                                                                            9. Present
                                   company                                 9. Erwin Rijanto Slamet
                                                                                                            10. Not Present
                               4. KNR Self Assessment related to OJK       10. Fadlansyah Lubis
                                                                                                            11. Present
                                   Fit and Proper Test for Members of      11. Robertus Billitea 5)
                                   the Board of Commissioners
                                                                           1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                               Martowardojo 1)
                                                                                                            2. Present
                                                                           2. Pradjoto
                                                                                                            3. Present
                                                                           3. Sigit Widyawan 4)
                                                                                                            4. Present
                               The Board of Commissioners meeting          4. Askolani
                                                                                                            5. Not Present
                               invited the Related Director                5. Asmawi Syam
        30     June 16, 2023                                                                                6. Present        Hybrid
                               Credit Consultation to the Board of         6. Septian Hario Seto
                               Commissioners                                                                7. Present
                                                                           7. Iman Sugema
                                                                                                            8. Present
                                                                           8. Susyanto
                                                                                                            9. Present
                                                                           9. Erwin Rijanto Slamet
                                                                                                            10. Not Present
                                                                           10. Fadlansyah Lubis
                                                                                                            11. Not Present
                                                                           11. Robertus Billitea 5)
                                                                           1. Agus Dermawan Wintarto
                                                                                                            1. Present
                                                                               Martowardojo 1)
                                                                                                            2. Present
                               Meeting of the Board of Commissioners       2. Pradjoto
                                                                                                            3. Present
                               with the Board of Directors                 3. Sigit Widyawan 4)
                                                                                                            4. Present
                               1. Approval of the BNI RBB Revision for     4. Askolani
                                                                                                            5. Present
                                  Fiscal Year 2023                         5. Asmawi Syam
        31     June 22, 2023                                                                                6. Present        Hybrid
                               2. KAP Evaluation Results for BNI           6. Septian Hario Seto
                                                                                                            7. Present
                                  Financial Reports for Fiscal Year 2022   7. Iman Sugema
                                                                                                            8. Present
                               3. Credit Consultation to the Board of      8. Susyanto
                                                                                                            9. Not Present
                                  Commissioners                            9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                           10. Fadlansyah Lubis
                                                                                                            11. Not Present
                                                                           11. Robertus Billitea 5)




696   From Local to Global
Page 110
Capital & Risk Management      Good Corporate         Social & Environmental              ESG                       Financial
          Practices             Governance                Responsibility               Commitment                  Statements




                                                  Board of Commissioners Meetings
 No.           Date                    Meeting Agenda                          Meeting Participants           Attended                   Note
                                                                         1. Agus Dermawan Wintarto
                                                                                                           1. Present
                                                                             Martowardojo 1)
                                                                                                           2. Present
                                                                         2. Pradjoto
                                                                                                           3. Present
                                                                         3. Sigit Widyawan 4)
                                                                                                           4. Present
                            The Board of Commissioners meeting           4. Askolani
                                                                                                           5. Present
                            invited the Related Director                 5. Asmawi Syam
 32      June 27, 2023                                                                                     6. Present           Hybrid
                            Credit Consultation to the Board of          6. Septian Hario Seto
                            Commissioners                                                                  7. Present
                                                                         7. Iman Sugema
                                                                                                           8. Present
                                                                         8. Susyanto
                                                                                                           9. Not Present
                                                                         9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                                                         10. Fadlansyah Lubis
                                                                                                           11. Present
                                                                         11. Robertus Billitea 5)
                                                                         1. Agus Dermawan Wintarto
                                                                                                           1. Present
                                                                             Martowardojo 1)
                                                                                                           2. Present
                                                                         2. Pradjoto
                                                                                                           3. Present
                            The Board of Commissioners meeting           3. Sigit Widyawan 4)
                                                                                                           4. Present
                            invited the Related Director                 4. Askolani
                                                                                                           5. Present
                            1. Credit Consultation to the Board of       5. Asmawi Syam
 33      July 6, 2023                                                                                      6. Present           Hybrid
                                Commissioners                            6. Septian Hario Seto
                                                                                                           7. Present
                            2. Discussion of Commercial Banking          7. Iman Sugema
                                                                                                           8. Present
                                Segment Debtors (continued)              8. Susyanto
                                                                                                           9. Present
                                                                         9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                                                         10. Fadlansyah Lubis
                                                                                                           11. Not Present
                                                                         11. Robertus Billitea 5)
                                                                         1. Agus Dermawan Wintarto
                                                                                                           1. Present
                                                                             Martowardojo 1)
                            The Board of Commissioners meeting                                             2. Present
                                                                         2. Pradjoto
                            invited the Related Director                                                   3. Present
                                                                         3. Sigit Widyawan 4)
                            1. Credit Consultation to the Board of                                         4. Present
                                                                         4. Askolani
                                Commissioners                                                              5. Present
                                                                         5. Asmawi Syam
 34      July 13, 2023      2. Finalization of HC Policy, Policy,                                          6. Present           Hybrid
                                                                         6. Septian Hario Seto
                                Implementation and Report                                                  7. Present
                                                                         7. Iman Sugema
                                on Sanctions, and System,                                                  8. Present
                                                                         8. Susyanto
                                Implementation and Impact of Talent                                        9. Present
                                                                         9. Erwin Rijanto Slamet
                                and Employee Development                                                   10. Present
                                                                         10. Fadlansyah Lubis
                                                                                                           11. Present
                                                                         11. Robertus Billitea 5)
                                                                         1. Agus Dermawan Wintarto
                                                                                                           1. Present
                            Meeting of the Board of Commissioners            Martowardojo 1)
                                                                                                           2. Present
                            with the Board of Directors                  2. Pradjoto
                                                                                                           3. Present
                            1. Approval of the BNI Stock Split           3. Sigit Widyawan 4)
                                                                                                           4. Present
                               Plan Proposal and the EGMS                4. Askolani
                                                                                                           5. Present
                               Implementation Proposal                   5. Asmawi Syam
 35      July 20, 2023                                                                                     6. Not Present       Hybrid
                            2. BNI's Financial Performance in            6. Septian Hario Seto
                                                                                                           7. Present
                               Quarter II 2023                           7. Iman Sugema
                                                                                                           8. Present
                            3. Individual BNI Health Level and Risk      8. Susyanto
                                                                                                           9. Present
                               Profile Self-Assessment Results as of     9. Erwin Rijanto Slamet
                                                                                                           10. Present
                               30 June 2023                              10. Fadlansyah Lubis
                                                                                                           11. Present
                                                                         11. Robertus Billitea 5)
                                                                         1. Agus Dermawan Wintarto
                                                                                                           1. Present
                                                                             Martowardojo 1)
                                                                                                           2. Present
                                                                         2. Pradjoto
                                                                                                           3. Present
                            Internal Meeting of the Board of             3. Sigit Widyawan 4)
                                                                                                           4. Present
                            Commissioners                                4. Askolani
                                                                                                           5. Present
                            1. Term of Service for Independent           5. Asmawi Syam
 36      July 27, 2023                                                                                     6. Present           Video Conference
                                Members of the Board of                  6. Septian Hario Seto
                                                                                                           7. Present
                                Commissioners Committees                 7. Iman Sugema
                                                                                                           8. Present
                            2. Others                                    8. Susyanto
                                                                                                           9. Present
                                                                         9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                                                         10. Fadlansyah Lubis
                                                                                                           11. Present
                                                                         11. Robertus Billitea 5)




                                                                                           Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   697
Page 111
          2023                   Management                     Company                  Management Discussion and              Business Support
      Performance                  Report                        Profile               Analysis on Company Performance             Functions




                                                        Board of Commissioners Meetings
        No.         Date                    Meeting Agenda                      Meeting Participants              Attended           Note
                                                                              1. Agus Dermawan Wintarto
                                                                                                               1. Present
                                                                                  Martowardojo 1)
                                                                                                               2. Present
                                                                              2. Pradjoto
                                                                                                               3. Present
                                 The Board of Commissioners meeting           3. Sigit Widyawan 4)
                                                                                                               4. Not Present
                                 invited the Related Director                 4. Askolani
                                                                                                               5. Present
                                 1. Credit Consultation to the Board of       5. Asmawi Syam
        37     August 3, 2023                                                                                  6. Present
                                     Commissioners                            6. Septian Hario Seto
                                                                                                               7. Present
                                 2. Discussion of Commercial Banking          7. Iman Sugema
                                                                                                               8. Present
                                     Segment Debtors (continued)              8. Susyanto
                                                                                                               9. Present
                                                                              9. Erwin Rijanto Slamet
                                                                                                               10. Present
                                                                              10. Fadlansyah Lubis
                                                                                                               11. Present
                                                                              11. Robertus Billitea 5)
                                                                              1. Agus Dermawan Wintarto
                                 The Board of Commissioners meeting                                            1. Present
                                                                                  Martowardojo 1)
                                 invited the Related Director                                                  2. Present
                                                                              2. Pradjoto
                                 1. Remedial & Recovery Progress Report                                        3. Present
                                                                              3. Sigit Widyawan 4)
                                     until June 2023, as well as Credit                                        4. Present
                                                                              4. Askolani
                                     Write-Off Consultations to the Board                                      5. Present
                                                                              5. Asmawi Syam
        38     August 10, 2023       of Commissioners                                                          6. Present
                                                                              6. Septian Hario Seto
                                 2. Evaluation of the Implementation                                           7. Present
                                                                              7. Iman Sugema
                                     of BNI's Compliance and APU PPT                                           8. Present
                                                                              8. Susyanto
                                     Functions for Semester I 2023                                             9. Present
                                                                              9. Erwin Rijanto Slamet
                                 3. BNI Material Case Progress Report for                                      10. Present
                                                                              10. Fadlansyah Lubis
                                     Semester I 2023                                                           11. Present
                                                                              11. Robertus Billitea 5)
                                 The Board of Commissioners meeting
                                 invited the Related Director
                                 1. Credit Consultation to the Board of       1. Agus Dermawan Wintarto
                                                                                                               1. Present
                                     Commissioners                                Martowardojo 1)
                                                                                                               2. Present
                                 2. Discussion of strategies related to the   2. Pradjoto
                                                                                                               3. Present
                                     evaluation of BNI's RBB for 2023-2025    3. Sigit Widyawan 4)
                                                                                                               4. Present
                                 3. BNI DPLK Report Semester I/2023,          4. Askolani
                                                                                                               5. Present
               August 16,            including: Business Plan Realization,    5. Asmawi Syam
        39                                                                                                     6. Present
               2023                                                           6. Septian Hario Seto
                                     Supervision of Business Realization,                                      7. Present
                                     APU PPT, and Risk Management             7. Iman Sugema
                                                                                                               8. Present
                                     Accountability                           8. Susyanto
                                                                                                               9. Present
                                                                              9. Erwin Rijanto Slamet
                                                                                                               10. Present
                                 Internal Meeting of the Board of             10. Fadlansyah Lubis
                                                                                                               11. Present
                                 Commissioners                                11. Robertus Billitea 5)
                                 Appointment of BNI EGMS Chairman in
                                 2023

                                 The Board of Commissioners meeting           1. Agus Dermawan Wintarto
                                                                                                               1. Present
                                 invited the Related Director                     Martowardojo 1)
                                                                                                               2. Present
                                 1. Achievement of KPI for the Company        2. Pradjoto
                                                                                                               3. Present
                                     and Individual Directors Semester        3. Sigit Widyawan 4)
                                                                                                               4. Present
                                     I - 2023                                 4. Askolani
                                                                                                               5. Present
               August 24,        2. Approval of Granting Counterparty         5. Asmawi Syam
        40                                                                                                     6. Present
               2023                  Limits to Related Parties                6. Septian Hario Seto
                                                                                                               7. Present
                                 3. Approval of Credit Facilities to          7. Iman Sugema
                                                                                                               8. Present
                                     Related Parties                          8. Susyanto
                                                                                                               9. Present
                                                                              9. Erwin Rijanto Slamet
                                                                                                               10. Present
                                 Internal Meeting of the Board of             10. Fadlansyah Lubis
                                 Commissioners                                                                 11. Present
                                                                              11. Robertus Billitea 5)
                                                                              1. Agus Dermawan Wintarto
                                                                                                               1. Present
                                                                                  Martowardojo 1)
                                                                                                               2. Present
                                                                              2. Pradjoto
                                                                                                               3. Present
                                                                              3. Sigit Widyawan 4)
                                                                                                               4. Present
                                                                              4. Askolani
                                 The Board of Commissioners meeting                                            5. Present
               August 31,                                                     5. Asmawi Syam
        41                       invited the Related Director                                                  6. Present
               2023                                                           6. Septian Hario Seto
                                 One on One KPI Board of Directors                                             7. Present
                                                                              7. Iman Sugema
                                                                                                               8. Present
                                                                              8. Susyanto
                                                                                                               9. Present
                                                                              9. Erwin Rijanto Slamet
                                                                                                               10. Present
                                                                              10. Fadlansyah Lubis
                                                                                                               11. Present
                                                                              11. Robertus Billitea 5)



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          Practices             Governance                Responsibility               Commitment                  Statements




                                                  Board of Commissioners Meetings
 No.           Date                    Meeting Agenda                          Meeting Participants           Attended                 Note
                                                                         1. Agus Dermawan Wintarto
                                                                                                           1. Present
                                                                             Martowardojo 1)
                                                                                                           2. Present
                                                                         2. Pradjoto
                                                                                                           3. Present
                                                                         3. Sigit Widyawan 4)
                                                                                                           4. Present
                                                                         4. Askolani
                            The Board of Commissioners meeting                                             5. Present
         September 1,                                                    5. Asmawi Syam
 42                         invited the Related Director                                                   6. Present
         2023                                                            6. Septian Hario Seto
                            One on One KPI Board of Directors                                              7. Present
                                                                         7. Iman Sugema
                                                                                                           8. Present
                                                                         8. Susyanto
                                                                                                           9. Present
                                                                         9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                                                         10. Fadlansyah Lubis
                                                                                                           11. Present
                                                                         11. Robertus Billitea 5)
                                                                         1. Agus Dermawan Wintarto
                                                                                                           1. Present
                                                                             Martowardojo 1)
                                                                                                           2. Present
                                                                         2. Pradjoto
                                                                                                           3. Present
                                                                         3. Sigit Widyawan 4)
                                                                                                           4. Present
                            The Board of Commissioners meeting           4. Askolani
                                                                                                           5. Present
         September 7,       invited the Related Director                 5. Asmawi Syam
 43                                                                                                        6. Present
         2023               Credit Consultation to the Board of          6. Septian Hario Seto
                            Commissioners                                                                  7. Present
                                                                         7. Iman Sugema
                                                                                                           8. Present
                                                                         8. Susyanto
                                                                                                           9. Present
                                                                         9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                                                         10. Fadlansyah Lubis
                                                                                                           11. Present
                                                                         11. Robertus Billitea 5)
                                                                         1. Agus Dermawan Wintarto
                                                                                                           1. Present
                                                                             Martowardojo 1)
                                                                                                           2. Present
                                                                         2. Pradjoto
                                                                                                           3. Present
                                                                         3. Sigit Widyawan 4)
                                                                                                           4. Present
                            The Board of Commissioners meeting           4. Askolani
                                                                                                           5. Present
         September 11,      invited the Related Director                 5. Asmawi Syam
 44                                                                                                        6. Present
         2023               Credit Consultation to the Board of          6. Septian Hario Seto
                            Commissioners                                                                  7. Present
                                                                         7. Iman Sugema
                                                                                                           8. Present
                                                                         8. Susyanto
                                                                                                           9. Present
                                                                         9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                                                         10. Fadlansyah Lubis
                                                                                                           11. Present
                                                                         11. Robertus Billitea 5)
                                                                         1. Agus Dermawan Wintarto
                                                                                                           1. Present
                                                                             Martowardojo 1)
                                                                                                           2. Present
                                                                         2. Pradjoto
                                                                                                           3. Present
                            The Board of Commissioners meeting           3. Sigit Widyawan 4)
                            invited the Related Director                                                   4. Present
                                                                         4. Askolani
                            Credit Consultation to the Board of                                            5. Present
         September 14,                                                   5. Asmawi Syam
 45                         Commissioners                                                                  6. Present
         2023                                                            6. Septian Hario Seto
                                                                                                           7. Present
                            Internal Meeting of the Board of             7. Iman Sugema
                                                                                                           8. Present
                            Commissioners                                8. Susyanto
                                                                                                           9. Present
                                                                         9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                                                         10. Fadlansyah Lubis
                                                                                                           11. Not Present
                                                                         11. Robertus Billitea 5)
                                                                         1. Pradjoto 2)
                                                                                                           1. Present
                                                                         2. Pahala Nugraha Mansury
                                                                               3)
                                                                                                           2. Present
                                                                                                           3. Present
                                                                         3. Sigit Widyawan 4)
                                                                                                           4. Present
                            The Board of Commissioners meeting           4. Askolani
                                                                                                           5. Present
         September 21,      invited the Related Director                 5. Asmawi Syam
 46                                                                                                        6. Present
         2023               Credit Consultation to the Board of          6. Septian Hario Seto
                            Commissioners                                                                  7. Present
                                                                         7. Iman Sugema
                                                                                                           8. Present
                                                                         8. Susyanto
                                                                                                           9. Present
                                                                         9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                                                         10. Fadlansyah Lubis
                                                                                                           11. Present
                                                                         11. Robertus Billitea 5)




                                                                                           Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   699
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          2023                   Management                      Company                   Management Discussion and                 Business Support
      Performance                  Report                         Profile                Analysis on Company Performance                Functions




                                                         Board of Commissioners Meetings
        No.         Date                    Meeting Agenda                        Meeting Participants              Attended                Note
                                                                               1. Pradjoto 2)
                                                                                                                 1. Present
                                                                               2. Pahala Nugraha Mansury
                                 The Board of Commissioners meeting               3)
                                                                                                                 2. Present
                                 invited the Related Director                                                    3. Present
                                                                               3. Sigit Widyawan 4)
                                 1. Kick-Off Meeting Audit of BNI                                                4. Present
                                                                               4. Askolani
                                     Financial Reports for Fiscal Year 2023                                      5. Present
               September 27,                                                   5. Asmawi Syam
        47                       2. Proposed Long Term Incentive (LTI)                                           6. Present
               2023                                                            6. Septian Hario Seto
                                     for Board of Directors and Board of                                         7. Present
                                                                               7. Iman Sugema
                                     Commissioners                                                               8. Present
                                                                               8. Susyanto
                                 3. Credit Consultation to the Board of                                          9. Present
                                                                               9. Erwin Rijanto Slamet
                                     Commissioners                                                               10. Present
                                                                               10. Fadlansyah Lubis
                                                                                                                 11. Present
                                                                               11. Robertus Billitea 5)
                                                                               1. Pradjoto 2)
                                                                                                                 1. Present
                                 The Board of Commissioners meeting            2. Pahala Nugraha Mansury
                                                                                                                 2. Present
                                 invited the Related Director                     3)
                                                                                                                 3. Present
                                 1. Approval of the 2023 Internal Audit        3. Sigit Widyawan 4)
                                                                                                                 4. Present
                                     Charter Update                            4. Askolani
                                                                                                                 5. Present
                                 2. Evaluation of Anti-Fraud Strategy,         5. Asmawi Syam
        48     October 5, 2023                                                                                   6. Present        Hybrid
                                     Whistle Blowing System (WBS), and         6. Septian Hario Seto
                                                                                                                 7. Present
                                     Significant Fraud Reports                 7. Iman Sugema
                                                                                                                 8. Present
                                 3. Evaluation of the Implementation of        8. Susyanto
                                                                                                                 9. Present
                                     Consumer and Community Protection         9. Erwin Rijanto Slamet
                                                                                                                 10. Present
                                     in the Financial Services Sector at BNI   10. Fadlansyah Lubis
                                                                                                                 11. Present
                                                                               11. Robertus Billitea 5)
                                                                               1. Pradjoto 2)
                                                                                                                 1. Present
                                                                               2. Pahala Nugraha Mansury
                                                                                  3)
                                                                                                                 2. Present
                                 The Board of Commissioners meeting                                              3. Present
                                                                               3. Sigit Widyawan 4)
                                 invited the Related Director                                                    4. Present
                                                                               4. Askolani
                                 1. Remedial & Recovery Progress Report                                          5. Present
               October 12,                                                     5. Asmawi Syam
        49                           up to September 2023, as well as                                            6. Present        Hybrid
               2023                                                            6. Septian Hario Seto
                                     Credit Write-Off Consultations to the                                       7. Present
                                                                               7. Iman Sugema
                                     Board of Commissioners                                                      8. Present
                                                                               8. Susyanto
                                 2. Discussion of HC Policy (finalization)                                       9. Present
                                                                               9. Erwin Rijanto Slamet
                                                                                                                 10. Present
                                                                               10. Fadlansyah Lubis
                                                                                                                 11. Not Present
                                                                               11. Robertus Billitea 5)
                                                                               1. Pradjoto 2)
                                                                                                                 1. Present
                                 The Board of Commissioners meeting            2. Pahala Nugraha Mansury
                                                                                                                 2. Present
                                 invited the Related Director                     3)
                                                                                                                 3. Present
                                 1. Self Assessment of BNI Risk Profile        3. Sigit Widyawan 4)
                                                                                                                 4. Present
                                     for Quarter III - 2023                    4. Askolani
                                                                                                                 5. Present
               October 19,       2. Audit Committee Approval of the Use        5. Asmawi Syam
        50                                                                                                       6. Present        Hybrid
               2023                  of KAP for the Implementation of          6. Septian Hario Seto
                                                                                                                 7. Present
                                     Non-Assurance Services at BNI Life        7. Iman Sugema
                                                                                                                 8. Present
                                     Insurance                                 8. Susyanto
                                                                                                                 9. Present
                                 3. Credit Consultation to the Board of        9. Erwin Rijanto Slamet
                                                                                                                 10. Present
                                     Commissioners                             10. Fadlansyah Lubis
                                                                                                                 11. Present
                                                                               11. Robertus Billitea 5)
                                                                               1. Pradjoto 2)
                                                                                                                 1. Present
                                 Meeting of the Board of Commissioners         2. Pahala Nugraha Mansury
                                                                                  3)
                                                                                                                 2. Present
                                 with the Board of Directors                                                     3. Present
                                 1. Financial performance of BNI and BNI       3. Sigit Widyawan 4)
                                                                                                                 4. Present
                                    subsidiary companies for the third         4. Askolani
                                                                                                                 5. Present
               October 26,          quarter of 2023                            5. Asmawi Syam
        51                                                                                                       6. Present        Hybrid
               2023              2. Credit Consultation to the Board of        6. Septian Hario Seto
                                                                                                                 7. Present
                                    Commissioners                              7. Iman Sugema
                                                                                                                 8. Present
                                                                               8. Susyanto
                                                                                                                 9. Present
                                 Internal Meeting of the Board of              9. Erwin Rijanto Slamet
                                 Commissioners                                                                   10. Present
                                                                               10. Fadlansyah Lubis
                                                                                                                 11. Present
                                                                               11. Robertus Billitea 5)




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Capital & Risk Management      Good Corporate          Social & Environmental              ESG                         Financial
          Practices             Governance                 Responsibility               Commitment                    Statements




                                                   Board of Commissioners Meetings
 No.           Date                    Meeting Agenda                           Meeting Participants           Attended                     Note
                                                                          1. Pradjoto  2)
                                                                                                            1. Present
                                                                          2. Pahala Nugraha Mansury
                                                                                3)
                                                                                                            2. Present
                            The Board of Commissioners meeting                                              3. Present
                                                                          3. Sigit Widyawan 4)
                            invited the Related Director                                                    4. Present
                                                                          4. Askolani
                            1. Discussion of Commercial Banking                                             5. Present
         November 2,                                                      5. Asmawi Syam
 52                             Segment Debtors (Continued)                                                 6. Present             Hybrid
         2023                                                             6. Septian Hario Seto
                            2. Development of Head Office and                                               7. Present
                                                                          7. Iman Sugema
                                Regional Organizations as a result of                                       8. Present
                                                                          8. Susyanto
                                Corporate Transformation                                                    9. Present
                                                                          9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                          10. Fadlansyah Lubis
                                                                                                            11. Present
                                                                          11. Robertus Billitea 5)
                                                                          1. Pradjoto 2)
                                                                                                            1. Present
                                                                          2. Pahala Nugraha Mansury
                                                                                3)
                                                                                                            2. Not Present
                                                                                                            3. Present
                                                                          3. Sigit Widyawan 4)
                                                                                                            4. Present
                            The Board of Commissioners meeting            4. Askolani
                                                                                                            5. Present
         November 9,        invited the Related Director                  5. Asmawi Syam
 53                                                                                                         6. Present             Hybrid
         2023               Discussion of Commercial Banking              6. Septian Hario Seto
                            Segment Debtors (Finalization)                                                  7. Present
                                                                          7. Iman Sugema
                                                                                                            8. Present
                                                                          8. Susyanto
                                                                                                            9. Present
                                                                          9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                          10. Fadlansyah Lubis
                                                                                                            11. Not Present
                                                                          11. Robertus Billitea 5)
                                                                          1. Pradjoto 2)
                                                                                                            1. Present
                                                                          2. Pahala Nugraha Mansury
                                                                                3)
                                                                                                            2. Present
                            The Board of Commissioners meeting
                                                                                                            3. Present
                            invited the Related Director                  3. Sigit Widyawan 4)
                                                                                                            4. Present
                            1. Permit for Procurement Principles          4. Askolani
                                                                                                            5. Present
         November 16,           and Budget Determination of KAP           5. Asmawi Syam
 54                                                                                                         6. Present             Hybrid
         2023                   for the General Audit for the 2024        6. Septian Hario Seto
                                                                                                            7. Present
                                Financial Year                            7. Iman Sugema
                                                                                                            8. Present
                            2. Credit Consultation to the Board of        8. Susyanto
                                                                                                            9. Present
                                Commissioners                             9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                          10. Fadlansyah Lubis
                                                                                                            11. Present
                                                                          11. Robertus Billitea 5)
                                                                          1. Pradjoto 2)
                                                                                                            1. Present
                                                                          2. Pahala Nugraha Mansury
                                                                                3)
                                                                                                            2. Present
                                                                                                            3. Present
                                                                          3. Sigit Widyawan 4)
                                                                                                            4. Present
                            The Board of Commissioners meeting            4. Askolani
                                                                                                            5. Present
         November 20,       invited the Related Director                  5. Asmawi Syam
 55                                                                                                         6. Present             Hybrid
         2023               Credit Consultation to the Board of           6. Septian Hario Seto
                            Commissioners                                                                   7. Present
                                                                          7. Iman Sugema
                                                                                                            8. Present
                                                                          8. Susyanto
                                                                                                            9. Present
                                                                          9. Erwin Rijanto Slamet
                                                                                                            10. Present
                                                                          10. Fadlansyah Lubis
                                                                                                            11. Present
                                                                          11. Robertus Billitea 5)
                                                                          1. Pradjoto 2)
                                                                          2. Pahala Nugraha Mansury         Present
                            Meeting of the Board of Commissioners             3)                            Present
                            with the Board of Directors                   3. Sigit Widyawan 4)              Present
                            1. Approval of BNI RBB 2024 - 2026, BNI       4. Askolani                       Present
                               RKAP 2024 and BNI RAKB 2024                                                  Present
         November 23,                                                     5. Asmawi Syam
 56                                                                                                         Present                Hybrid
         2023               2. Approval of BNI's Corporate Plan for       6. Septian Hario Seto             Present
                               2024 – 2028                                7. Iman Sugema                    Present
                            3. Approval of the 2023/2024 BNI              8. Susyanto                       Present
                               Recovery Plan Document                     9. Erwin Rijanto Slamet           Present
                                                                          10. Fadlansyah Lubis              Present
                                                                          11. Robertus Billitea 5)




                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   701
Page 115
          2023                Management                     Company                 Management Discussion and                 Business Support
      Performance               Report                        Profile              Analysis on Company Performance                Functions




                                                     Board of Commissioners Meetings
        No.         Date                 Meeting Agenda                     Meeting Participants              Attended                Note
                                                                         1. Pradjoto 2)
                              The Board of Commissioners meeting                                           1. Present
                                                                         2. Pahala Nugraha Mansury
                              invited the Related Director                  3)
                                                                                                           2. Not Present
                              1. Proposed Long Term Incentive (LTI)                                        3. Present
                                                                         3. Sigit Widyawan 4)
                                  for Directors and Commissioners                                          4. Present
                                                                         4. Askolani
                              2. Approval of the Determination of                                          5. Present
               November 30,                                              5. Asmawi Syam
        57                        Subsidiary Company Management                                            6. Present        Hybrid
               2023                                                      6. Septian Hario Seto
                              3. Credit Consultation to the Board of                                       7. Present
                                                                         7. Iman Sugema
                                  Commissioners                                                            8. Present
                                                                         8. Susyanto
                              4. Consultation on writing off                                               9. Present
                                                                         9. Erwin Rijanto Slamet
                                  credit books with the Board of                                           10. Present
                                                                         10. Fadlansyah Lubis
                                  Commissioners                                                            11. Present
                                                                         11. Robertus Billitea 5)
                                                                         1. Pradjoto 2)
                              The Board of Commissioners meeting                                           1. Present
                                                                         2. Pahala Nugraha Mansury
                              invited the Related Director                  3)
                                                                                                           2. Present
                              1. Credit Consultation to the Board of                                       3. Present
                                                                         3. Sigit Widyawan 4)
                                  Commissioners                                                            4. Present
                                                                         4. Askolani
                              2. Approval of the General Risk                                              5. Present
               December 7,                                               5. Asmawi Syam
        58                        Management Policy (KUMR) and                                             6. Present        Hybrid
               2023                                                      6. Septian Hario Seto
                                  General Integrated Risk Management                                       7. Present
                                                                         7. Iman Sugema
                                  Policy (KUMRT)                                                           8. Present
                                                                         8. Susyanto
                                                                                                           9. Present
                                                                         9. Erwin Rijanto Slamet
                              Internal Meeting of the Board of                                             10. Present
                              Commissioners                              10. Fadlansyah Lubis
                                                                                                           11. Present
                                                                         11. Robertus Billitea 5)
                                                                         1. Pradjoto 2)
                                                                                                           1. Present
                                                                         2. Pahala Nugraha Mansury
                                                                            3)
                                                                                                           2. Not Present
                                                                                                           3. Present
                                                                         3. Sigit Widyawan 4)
                              The Board of Commissioners meeting                                           4. Present
                              invited the Related Director               4. Askolani
                                                                                                           5. Present
               December 11,   Approval of Updates to APU, PPT and        5. Asmawi Syam
        59                                                                                                 6. Present        Video Conference
               2023           PPPSPM Policies & Procedures from BNI      6. Septian Hario Seto
                              (including APU PPT Custody) and BNI                                          7. Present
                                                                         7. Iman Sugema
                              DPLK APU, PPT and PPPSPM Policies                                            8. Present
                                                                         8. Susyanto
                                                                                                           9. Present
                                                                         9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                                                         10. Fadlansyah Lubis
                                                                                                           11. Present
                                                                         11. Robertus Billitea 5)
                              The Board of Commissioners meeting         1. Pradjoto 2)
                                                                                                           1. Present
                              invited the Related Director               2. Pahala Nugraha Mansury
                                                                                                           2. Present
                              1. Evaluation of BNI's Internal Control       3)
                                                                                                           3. Present
                                  System (including the Effectiveness    3. Sigit Widyawan 4)
                                                                                                           4. Present
                                  of BNI's Internal Audit)               4. Askolani
                                                                                                           5. Present
               December 14,   2. Evaluation of the Information           5. Asmawi Syam
        60                                                                                                 6. Present        Hybrid
               2023               Technology Strategic Plan (including   6. Septian Hario Seto
                                                                                                           7. Present
                                  discussion regarding the realization   7. Iman Sugema
                                                                                                           8. Present
                                  of the Information Technology          8. Susyanto
                                                                                                           9. Present
                                  Program)                               9. Erwin Rijanto Slamet
                                                                                                           10. Present
                              3. Credit Consultation to the Board of     10. Fadlansyah Lubis
                                                                                                           11. Present
                                  Commissioners                          11. Robertus Billitea 5)
                                                                         1. Pradjoto 2)
                                                                                                           1. Present
                                                                         2. Pahala Nugraha Mansury
                                                                            3)
                                                                                                           2. Not Present
                                                                                                           3. Present
                                                                         3. Sigit Widyawan 4)
                                                                                                           4. Present
                              The Board of Commissioners meeting         4. Askolani
                                                                                                           5. Present
               December 20,   invited the Related Director               5. Asmawi Syam
        61                                                                                                 6. Present        Video Conference
               2023           Credit Consultation to the Board of        6. Septian Hario Seto
                              Commissioners                                                                7. Present
                                                                         7. Iman Sugema
                                                                                                           8. Present
                                                                         8. Susyanto
                                                                                                           9. Present
                                                                         9. Erwin Rijanto Slamet
                                                                                                           10. Present
                                                                         10. Fadlansyah Lubis
                                                                                                           11. Not Present
                                                                         11. Robertus Billitea 5)




702   From Local to Global
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Capital & Risk Management          Good Corporate              Social & Environmental                ESG                           Financial
          Practices                 Governance                     Responsibility                 Commitment                      Statements




                                                          Board of Commissioners Meetings
 No.           Date                         Meeting Agenda                              Meeting Participants                Attended                    Note
                                                                                  1. Pradjoto    2)
                                                                                                                         1. Present
                                                                                  2. Pahala Nugraha Mansury
                                                                                        3)
                                                                                                                         2. Present
                               The Board of Commissioners meeting                                                        3. Present
                                                                                  3. Sigit Widyawan 4)
                               invited the Related Director                                                              4. Present
                                                                                  4. Askolani
                               1. Consultation on writing off                                                            5. Present
         December 21,                                                             5. Asmawi Syam
 62                                credit books with the Board of                                                        6. Present            Hybrid
         2023                                                                     6. Septian Hario Seto
                                   Commissioners                                                                         7. Present
                                                                                  7. Iman Sugema
                               2. Credit Consultation to the Board of                                                    8. Present
                                                                                  8. Susyanto
                                   Commissioners                                                                         9. Present
                                                                                  9. Erwin Rijanto Slamet
                                                                                                                         10. Present
                                                                                  10. Fadlansyah Lubis
                                                                                                                         11. Not Present
                                                                                  11. Robertus Billitea 5)
                                                                                  1. Pradjoto 2)
                                                                                                                         1. Present
                                                                                  2. Pahala Nugraha Mansury
                                                                                        3)
                                                                                                                         2. Present
                                                                                                                         3. Present
                                                                                  3. Sigit Widyawan 4)
                                                                                                                         4. Not Present
                               The Board of Commissioners meeting                 4. Askolani
                                                                                                                         5. Present
         December 28,          invited the Related Director                       5. Asmawi Syam
 63                                                                                                                      6. Not Present        Video Conference
         2023                  Discussion regarding the 2022 External             6. Septian Hario Seto
                               Audit Examination                                                                         7. Present
                                                                                  7. Iman Sugema
                                                                                                                         8. Present
                                                                                  8. Susyanto
                                                                                                                         9. Present
                                                                                  9. Erwin Rijanto Slamet
                                                                                                                         10. Present
                                                                                  10. Fadlansyah Lubis
                                                                                                                         11. Present
                                                                                  11. Robertus Billitea 5)
 Note:
 1)
   Ceased serving as President Commissioner/Independent Commissioner from September 19, 2023
 2)
   Transferring his original assignment as Vice President Commissioner/Independent Commissioner to become President Commissioner/Independent Commissioner starting
 September 19, 2023, in the OJK Fit & Proper Test process as President Commissioner/Independent Commissioner
 3)
   Served as Vice President Commissioner since September 19, 2023, in the OJK Fit & Proper Test process as Vice President Commissioner
 4)
   Reappointed for the second time as Independent Commissioner since March 15, 2023
 5)
   Served as Commissioner since March 15, 2023 and effective based on OJK approval from September 11, 2023




Joint Board Of Commissioners With The Board Of Directors Meetings
During 2023, the Board of Commissioners held joint meetings with the Board of Directors with the following agenda,
dates and participation:

                                          Board of Commissioners and Board of Directors Meetings
 No.             Date                       Meeting Agenda                              Meeting Participants                Attended                    Note
                                Meeting of the Board of                          1. Agus Dermawan Wintarto
                                Commissioners with the Board of                                                          1. Present
                                                                                     Martowardojo 1)
                                Directors                                                                                2. Present
                                                                                 2. Pradjoto
                                1. Closing Audit Meeting for the 2022                                                    3. Present
                                                                                 3. Sigit Widyawan 4)
                                   Fiscal Year and BNI's Financial                                                       4. Present
                                                                                 4. Askolani
          January 19,              Performance as of 31 December                                                         5. Present
 1                                                                               5. Asmawi Syam                                                Video Conference
          2023                     2022                                                                                  6. Present
                                                                                 6. Septian Hario Seto
                                2. BNI Individual Soundness Level                                                        7. Present
                                                                                 7. Iman Sugema
                                   Self-Assessment for position 31                                                       8. Present
                                                                                 8. Susyanto
                                   December 2022                                                                         9. Present
                                                                                 9. Erwin Rijanto Slamet
                                3. Proposed Schedule and Agenda                                                          10. Present
                                                                                 10. Fadlansyah Lubis
                                   for the 2022 BNI Annual GMS
                                Meeting of the Board of
                                                                                 1. Agus Dermawan Wintarto
                                Commissioners with the Board of                                                          1. Present
                                Directors                                            Martowardojo 1)
                                                                                                                         2. Present
                                                                                 2. Pradjoto
                                1. BNI Financial Performance for the                                                     3. Present
                                                                                 3. Sigit Widyawan 4)
                                   December 2022 Period                                                                  4. Present
                                                                                 4. Askolani
          January 26,           2. BNI DPLK Business Plan                                                                5. Present
 2                                                                               5. Asmawi Syam                                                Video Conference
          2023                     Monitoring Report for Semester                                                        6. Present
                                                                                 6. Septian Hario Seto
                                   II-2022                                                                               7. Present
                                                                                 7. Iman Sugema
                                3. Approval of BNI DPLK Risk                                                             8. Present
                                                                                 8. Susyanto
                                   Management Policy                                                                     9. Present
                                                                                 9. Erwin Rijanto Slamet
                                4. Approval of Proposed Changes to                                                       10. Present
                                                                                 10. Fadlansyah Lubis
                                   BNI Pension Fund Regulations




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          2023                       Management                   Company                 Management Discussion and            Business Support
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                                            Board of Commissioners and Board of Directors Meetings
        No.              Date                 Meeting Agenda                     Meeting Participants              Attended         Note
                                                                              1. Agus Dermawan Wintarto
                                                                                                                1. Present
                                                                                  Martowardojo 1)
                                                                                                                2. Absent
                                                                              2. Pradjoto
                                     Meeting of the Board of                                                    3. Present
                                                                              3. Sigit Widyawan 4)
                                     Commissioners with the Board of                                            4. Present
                                                                              4. Askolani
                                     Directors                                                                  5. Present
                                                                              5. Asmawi Syam
        3           April 13, 2023   1. BNI Financial Performance as of                                         6. Present    Video Conference
                                                                              6. Septian Hario Seto
                                        March 31, 2023                                                          7. Absent
                                                                              7. Iman Sugema
                                     2. Credit Consultation to the Board of                                     8. Present
                                                                              8. Susyanto
                                        Commissioners                                                           9. Present
                                                                              9. Erwin Rijanto Slamet
                                                                                                                10. Present
                                                                              10. Fadlansyah Lubis
                                                                                                                11. Present
                                                                              11. Robertus Billitea 5)
                                                                              1. Agus Dermawan Wintarto
                                                                                                                1. Present
                                     Meeting of the Board of                      Martowardojo 1)
                                                                                                                2. Present
                                     Commissioners with the Board of          2. Pradjoto
                                                                                                                3. Present
                                     Directors                                3. Sigit Widyawan 4)
                                                                                                                4. Present
                                     1. Approval of BNI RBB Revision for      4. Askolani
                                                                                                                5. Present
                                        Fiscal Year 2023                      5. Asmawi Syam
        4           June 22, 2023                                                                               6. Present    Hybrid
                                     2. KAP Evaluation Results for BNI        6. Septian Hario Seto
                                                                                                                7. Present
                                        Financial Reports for Fiscal Year     7. Iman Sugema
                                                                                                                8. Present
                                        2022                                  8. Susyanto
                                                                                                                9. Absent
                                     3. Credit Consultation to the Board of   9. Erwin Rijanto Slamet
                                                                                                                10. Present
                                        Commissioners                         10. Fadlansyah Lubis
                                                                                                                11. Absent
                                                                              11. Robertus Billitea 5)
                                                                              1. Agus Dermawan Wintarto
                                     Meeting of the Board of                                                    1. Present
                                                                                  Martowardojo 1)
                                     Commissioners with the Board of                                            2. Present
                                                                              2. Pradjoto
                                     Directors                                                                  3. Present
                                                                              3. Sigit Widyawan 4)
                                     1. Approval of the BNI Stock Split                                         4. Present
                                                                              4. Askolani
                                        Plan Proposal and the EGMS                                              5. Present
                                                                              5. Asmawi Syam
        5           July 20, 2023       Implementation Proposal                                                 6. Absent     Hybrid
                                                                              6. Septian Hario Seto
                                     2. BNI Financial Performance as of                                         7. Present
                                                                              7. Iman Sugema
                                        Quarter II 2023                                                         8. Present
                                                                              8. Susyanto
                                     3. Individual BNI Soundness Level                                          9. Present
                                                                              9. Erwin Rijanto Slamet
                                        and Risk Profile Self-Assessment                                        10. Present
                                                                              10. Fadlansyah Lubis
                                        Results as of June 30 2023                                              11. Present
                                                                              11. Robertus Billitea 5)




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                                          Board of Commissioners and Board of Directors Meetings
 No.             Date                       Meeting Agenda                              Meeting Participants                Attended                  Note
                                                                                 1. Pradjoto   2)
                                                                                                                         1. Present
                                                                                 2. Pahala Nugraha Mansury 3)            2. Present
                                Meeting of the Board of                          3. Sigit Widyawan 4)                    3. Present
                                Commissioners with the Board of                  4. Askolani                             4. Present
                                Directors                                        5. Asmawi Syam                          5. Present
          October 26,           1. Financial Performance of BNI and
 6                                                                               6. Septian Hario Seto                   6. Present            Hybrid
          2023
                                   Subsidiaries for Quarter III/2023             7. Iman Sugema                          7. Present
                                2. Credit Consultation to the Board of           8. Susyanto                             8. Present
                                   Commissioners                                 9. Erwin Rijanto Slamet                 9. Present
                                                                                 10. Fadlansyah Lubis                    10. Present
                                                                                 11. Robertus Billitea 5)                11. Present
                                                                                 1. Pradjoto 2)                          1. Present
                                Rapat Dewan Komisaris bersama                    2. Pahala Nugraha Mansury 3)            2. Present
                                Direksi                                          3. Sigit Widyawan 4)                    3. Present
                                1. Persetujuan RBB BNI 2024 - 2026,              4. Askolani                             4. Present
                                   RKAP BNI Tahun 2024 dan RAKB                  5. Asmawi Syam                          5. Present
          November 23,
 7                                 BNI Tahun 2024                                6. Septian Hario Seto                   6. Present            Hybrid
          2023
                                2. Persetujuan Corporate Plan BNI                7. Iman Sugema                          7. Present
                                   Tahun 2024 – 2028                             8. Susyanto                             8. Present
                                3. Persetujuan Dokumen Recovery                  9. Erwin Rijanto Slamet                 9. Present
                                   Plan BNI Tahun 2023/2024                      10. Fadlansyah Lubis                    10. Present
                                                                                 11. Robertus Billitea 5)                11. Present
 Note:
 1)
   Ceased serving as President Commissioner/Independent Commissioner from 19 September 2023
 2)
   Transferring his original assignment as Vice President Commissioner/Independent Commissioner to become President Commissioner/Independent Commissioner starting
 September 19 2023, in the OJK Fit & Proper Test process as President Commissioner/Independent Commissioner
 3)
   Served as Vice President Commissioner since September 19 2023, in the OJK Fit & Proper Test process as Vice President Commissioner
 4)
   Reappointed for the second time as Independent Commissioner since March 15 2023
 5)
   Served as Commissioner since March 15 2023 and effective based on OJK approval from September 11 2023




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      Board Of Commissioners’ Meetings And Board Of Commissioners’ Meetings With The Board Of Directors Frequency
      In 2023, the Board of Commissioners held 63 (sixty three) Board of Commissioners Meetings and including 7 (seven)
      Board of Commissioners with the Board of Directors meetings, and 2 (two) GMS. The meetings attendance frequency
      for m. each member of the Board of Commissioners are as follows:
                                                                                                                     Meeting of the Board of Commissioners
                                                                   Board of Commissioners Meeting
                                                                                                                           with the Board of Directors
        Name of the Board of Commissioners                              Number and % Attendance                                Number and % Attendance
                                                                 Number of             Number                        Number of         Number
                                                                                                          %                                                   %
                                                                 Meetings              Attended                      Meetings          Attended
        Agus Dermawan Wintarto Martowardojo1)
        (President Commissioner/ Independent                           45                 45             100               5                5                100
        Commissioner)
        Pradjoto2)
        (Vice President Commissioner/Independent                       63                 59              94               7                6                 86
        Commissioner)
        Pahala Nugraha Mansury3)
                                                                        -                 -                -               -                 -                 -
        (Vice President Commissioner)
        Sigit Widyawan4)
                                                                       63                 62              98               7                7                100
        (Independent Commissioner)
        Askolani
                                                                       63                 55              87               7                7                100
        (Commissioner)
        Fadlansyah Lubis
                                                                       63                 55              87               7                7                100
        (Commissioner)
        Asmawi Syam
                                                                       63                 60              95               7                7                100
        (Independent Commissioner)
        Iman Sugema
                                                                       63                 60              95               7                6                 86
        (Independent Commissioner)
        Susyanto
                                                                       63                 62              98               7                7                100
        (Commissioner)
        Septian Hario Seto
                                                                       63                 58              92               7                6                 86
        (Independent Commissioner)
        Erwin Rijanto Slamet
                                                                       63                 60              95               7                6                 86
        (Independent Commissioner)
        Robertus Billitea 5)
                                                                       20                 17              85               2                2                100
        (Commissioner)
        Keterangan:
        1)
          Berhenti menjabat sebagai Komisaris Utama/Komisaris Independen sejak 19 September 2023
        2)
          Mengalihkan penugasan yang semula sebagai Wakil Komisaris Utama/Komisaris Independen menjadi Komisaris Utama/Komisaris Independen sejak 19 September 2023,
        dalam proses Fit & Proper Test OJK sebagai Komisaris Utama/Komisaris Independen
        3)
          Menjabat sebagai Wakil Komisaris Utama sejak 19 September 2023, dalam proses Fit & Proper Test OJK sebagai Wakil Komisaris Utama
        4)
          Diangkat kembali untuk kedua kalinya sebagai Komisaris Independen sejak 15 Maret 2023
        5)
          Menjabat sebagai Komisaris sejak 15 Maret 2023 dan efektif berdasarkan persetujuan OJK sejak tanggal 11 September 2023


      The Board Of Commissioners’ Meeting Plan For 2024                                           a. BNI Bank Health Level for Semester II-2023 and
      The agenda for the Board of Commissioners' Meeting and the                                     Semester I-2024, and BNI Risk Profile per quarter;
      Board of Commissioners' Meeting with the Board of Directors                                 b. Implementation of BNI Risk Management and
      in 2024 has been prepared based on the Commissioner's Work                                     Integrated Risk Management in the BNI Financial
      Plan which was established at the beginning of 2024.This plan                                  ConglomerateI;
      always takes into account the applicable laws and regulations,                              c. Evaluation of the Internal Control System and the
      especially those that regulate the duties, obligations and                                     Effectiveness of the BNI Internal Control Unit;
      responsibilities of the Board of Commissioners:                                             d. Follow up on audit findings and recommendations
      1. Board of Commissioners with the Board of Directors                                          from the Bank's internal audit work unit, external
          Meetings:                                                                                  auditors, results of supervision by the Financial
          a. To evaluate Consolidated Business and Financial                                         Services Authority and/or results of supervision by
              Performance per quarter;                                                               other authorities;
          b. To approve Corporate Plans, Bank Business Plans                                      e. Implementation of the BNI Compliance Function;
              (RBB), Company Work Plan & Budget (RKAP), and                                       f. Implementation of the Anti-Money Laundering
              Sustainable Finance Action Plans (RAKB), as well                                       Program, Prevention of Terrorism Financing and
              as to monitor the implementation of the Bank’s                                         Prevention of Funding for the Proliferation of
              Business Plan and BNI’s Financial Performance;                                         Weapons of Mass Destruction (APU PPT and PPPSPM)
          c. Strategic issues.                                                                       in the Financial Services Sector, Implementation of
      2. Board of Commissioners Meetings consist of                                                  Anti-Fraud Strategy, Whistleblowing System and
          Internal Board of Commissioners Meetings, Board of                                         BNI Know Your Customer Principles;
          Commissioners Meetings by inviting the Sector/Field                                     g. BNI Human Capital strategic issues;
          Directors, which include:
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Capital & Risk Management      Good Corporate        Social & Environmental              ESG                      Financial
          Practices             Governance               Responsibility               Commitment                 Statements




                   Annual GMS for fiscal year 2022                                           Extraordinary GMS 2023

                       Number and % Attendance                                              Number and % Attendance
      Number of                                                               Number of
                            Number Attended               %                                        Number Attended                    %
      Meetings                                                                Meetings

            1                      1                     100                      1                         1                        100



            1                      1                     100                      1                         1                        100


             -                      -                     -                       -                         -                         -

            1                      1                     100                      1                         1                        100

            1                      1                     100                      1                         1                        100

            1                      1                     100                      1                         1                        100

            1                      1                     100                      1                         1                        100

            1                      1                     100                      1                         1                        100

            1                      1                     100                      1                         1                        100

            1                      1                     100                      1                         1                        100

            1                      1                     100                      1                         1                        100

             -                      -                     -                       -                         -                         -




    h. Implementation of Good Corporate Governance                            t. Report on the realization of the implementation of
       in BNI;                                                                   credits which must be consulted with the Board of
    i. Evaluation of BNI's Strategic Plan, Governance, Risk                      Commissioners;
       Management and InformationTechnology strategic                         u. Approval of matters based on statutory regulations,
       issues;                                                                   and BNI’s Articles of Association that must obtain
    j. The quality of BNI’s lending or financing portfolio;                      approval from the Board of Commissioners,
    k. BNI Information Technology Governance and                                 including:
       strategic issues;                                                         • Approval for the provision of Bank funds to related
    l. Sector Director’s performance related to BNI’s                              parties;
       strategic issues;                                                         • Approval of Company Policy/Guidelines;
    m. BNI material cases report;                                                • ApprovaloftheDPLKBusinessPlan;
    n. Loan consultation with the Board of Commissioners;                        • Approval of Updated Recovery Plan;
    o. Consultation write-off to the Board of                                    • Approval of Updated Resolution Plan;
       Commissioners;                                                            • Approval of Risk Tolerance Level Determination
    p. Proposed Appointment of Public Accounting Firm;                             (Risk Appetite);
    q. Evaluation of Remuneration Policy Implementation,                         • Approval of annual credit plan including plans
       HC Management, and Outsourcing Risk                                         for extend loans to parties related to the Bank
       Management;                                                                 and loans to certain large debtors as stated in
    r. Evaluation of the implementation of BNI Payment                             the RBB submitted to OJK;
       Services;                                                                 • Approval of the Internal Audit Charter.
    s. Quality of credit portfolio;


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      TRAINING AND/OR COMPETENCY                                       3. Good Corporate Governance (concurrent positions,
      IMPROVEMENT OF THE BOARD                                            share ownership, and independent commissioners);
      OF COMMISSIONERS                                                 4. The Board of Commissioners and the Board of Directors’
                                                                          duties, authority, and responsibilities, the Board of
      POLICY                                                              Commissioners’ delegation of authority and limits of
      Based on Financial Services Authority Regulation (POJK)             authority in conducting supervisory duties on the bank
      Number 24 of 2022, it is stipulated that banks are required         based on the applicable laws and regulations;
      to carry out HR management and develop the quality of            5. Committees under the Board of Commissioners,
      their human resources on an ongoing basis.The Company               which are established and directly responsible to
      has prepared a plan to develop the quality of the Board of          the Board of Commissioners, Secretary of the Board
      Commissioners through development programs, either                  of Commissioners, and Secretariat of the Board of
      implemented by the Company, implemented by the                      Commissioners, which facilitates the duties of the Board
      Company in collaboration with other parties (expertise),            of Commissioners;
      or involving the Board of Commissioners in competency            6. Remuneration and facilities provided to members of
      improvement programs organized by other parties.                    the Board of Commissioners.

      ORIENTATION AND INDUCTION PROGRAM
      FOR NEW COMMISSIONERS                                            During 2023, the Company has carried out an orientation
                                                                       and introduction program for new Commissioners, namely
      POLICY                                                           Robertus Billitea which was held from March to May
      Each new member of the Board of Commissioners who                2023 and Pahala Nugraha Mansury which was held from
      is appointed for the first time is given an orientation          September to November 2023, with the following material:
      regarding their duties and responsibilities. The orientation     1. Briefing regarding the Duties and Responsibilities of
      program aims to provide understanding and description               the BNI Board of Commissioners
      of the Company's general condition, values, vision and           2. Briefing regarding the development of BNI's internal
      mission Company, introduction to the business activities            conditions, including:
      of the Company and the Company's subsidiaries as well               • Corporate Plan
      as policies, procedures and implementation of Company               • Bank Business Plan
      governance.                                                         • BNI Financial Performance
                                                                          • BNI Business
      Orientation to the Board of Commissioners was also carried          • Risk Management, Legal, & Compliance Issues
      out by following the Minister of State-Owned Enterprises         3. Briefing regarding general banking knowledge,
      Regulation No. PER-2/MBU/03/2023 dated 3 March 2023                 including:
      Concerning Guidelines for Governance and Significant                • Prudential Banking & Indonesian Banking System
      Corporate Activities of State-Owned Enterprises Article 43               (SPI)
      regulates that members of the Board of Commissioners/               • Good Corporate Governance, Risk Management
      Supervisory Board and members of the Board of Directors                  and Compliance (GRC)
      who are appointed for the first time must be given an               • Risk Based Bank Rating (RBBR/TKB)
      introduction program regarding SOE concerned.                       • Asset Liabilities Management
                                                                          • Anti-Money Laundering (APU) and Prevention of
      The orientation and induction program for new                            Terrorism Financing (PPT)
      commissioners is carried out through documents,                     • Internal Audit
      presentations or providing explanations from the Board              • Sharing session regarding the Fit & Proper Test
      of Directors, Corporate Secretary, related Divisions or units,           process for Candidate Commissioners
      as well as expertise that comes from external sources,
      which generally include information/matters pertaining to:       TRAINING AND/OR COMPETENCY
      1. Vision, mission, the organizational structure of the bank,    IMPROVEMENT IN FISCAL YEAR
          business activities and operational network;                 In order to improve the competency of members of the
      2. Annual Report, the Bank’s Work Plan and Budget                Board of Commissioners, the Company involves members
          (RKAP), and the Bank’s Business Plan (RBB), Bank’s           in various trainings, including:
          Code of Ethics, BNI’s Corporate Cultures, the Boards
          of Commissioners Manual, Corporate Governance
          Handbook, and the Articles of Association;




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          Practices            Governance                    Responsibility                 Commitment                 Statements




                              TRAINING AND/OR COMPETENCY IMPROVEMENT IN FISCAL YEAR
         Name of Training/Workshop/                        Implementation Implementation                   Type of
 No.                                                                                                                                Organizer
         Conference/Seminar                                     date          Venue                       Education
Agus Dermawan Wintarto Martowardojo1) - President Commissioner/Independent Commissioner
        Winning Marketshare Through Digital and                                                                          Management Certification
1                                                          February 12, 2023      Bali                   Offline
        Collaboration Mindset                                                                                            Agency
        Socialization of 2023 SOE Ministerial
        Regulations Number PER-01/MBU/03/2023,
2                                                          March 27, 2023         Jakarta                Offline         SOE Ministry
        PER-02/MBU/03/2023, and PER-03/
        MBU/03/2023
        Session III Sharing Session: Development,
3       Characteristics and Risk Management of the         May 23, 2023           Jakarta                Offline         BNI University
        Pension Fund Industry
        Strategies Financial Program for Value
4                                                          19-23 June 2023        London                 Offline         London Business School
        Creation
        Compliance Forum – Anti-Money Laundering
        and Prevention of Terrorism Financing and
5       Prevention of Funding for the Proliferation of     August 20, 2023        Jakarta                Offline         BNI University
        Weapons of Mass Destruction (APU PPT and
        PPPSPM) in 2023
        Session IV Sharing Session: Development,
6       Characteristics and Management of the              September 5, 2023 Jakarta                     Offline         BNI University
        Multifinance Industry
Pradjoto2) - Vice President Commissioner/Independent Commissioner
        Resource person at the Bank Staff and
        Leaders School Program (Sespibank) Batch                                                                         Indonesian Banking
1                                                          February 22, 2023      Jakarta                Offline
        74 with the theme Resilient Leaders for                                                                          Development Institute (LPPI)
        Sustainable Growth
        Internalization of BNI Work Culture to Improve                                                                   Risk Management
2                                                      March 31, 2023             Jakarta                Online
        Risk Culture and Risk Awareness                                                                                  Certification Agency (BSMR)
        Development, Characteristics and Risk
3                                                          May 23, 2023           Jakarta                Online          BNI University
        Management of the Pension Fund Industry
        Resource person at the BNI ODP Program
4                                                          June 9, 2023           Jakarta                Online          BNI University
        with material on Leadership Ethics
        Compliance Forum – Anti-Money Laundering
        and Prevention of Terrorism Financing and
5       Prevention of Funding for the Proliferation of     August 30, 2023        Jakarta                Offline         BNI University
        Weapons of Mass Destruction (APU PPT and
        PPPSPM) in 2023
        Session IV Sharing Session: "Development,
6       Characteristics and Management of the              September 5, 2023 Jakarta                     Online          BNI University
        Multifinance Industry"
        Resource person at the Talent Development
                                                                                                                         Indonesian Banking
7       Program for the Position of BOD -1 Bank DKI        September 9, 2023 Jakarta                     Offline
                                                                                                                         Development Institute (LPPI)
        "Develop Trust & Integrity
        Resource person at the Area Head                   September 15,
8                                                                                 Jakarta                Offline         BNI University
        Onboarding Program - Batch 2                       2023
        Resource person at the 2023 Batch 77
                                                           September 22,                                                 Indonesian Banking
9       SESPIBANK Program with the theme Capita                                   Jakarta                Offline
                                                           2023                                                          Development Institute (LPPI)
        Selecta: Banker Integrity and Ethics
Pahala Nugraha Mansury3) – Vice President Commissioner
        Implementation of the Board of
1                                                          October 20, 2023       Jakarta                Offline         BNI University
        Commissioners Onboarding Program
Sigit Widyawan - Independent Commissioner
                    4)


        Winning Marketshare Through Digital and                                                                          Risk Management
1                                                          February 12, 2023      Bali                   Offline
        Collaboration Mindset                                                                                            Certification Agency (BSMR)
        Development, Characteristics and Risk
2                                                          May 23, 2023           Jakarta                Offline         BNI University
        Management of the Pension Fund Industry
        Compliance Refreshment of Issuer and
3                                                          August 22, 2023        Jakarta                Offline         Financial Services Authority
        Public Company
        Compliance Forum – Anti-Money Laundering
        and Prevention of Terrorism Financing and
4       Prevention of Funding for the Proliferation of     August 30, 2023        Jakarta                Offline         BNI University
        Weapons of Mass Destruction (APU PPT and
        PPPSPM) in 2023
        Session IV Sharing Session: "Development,
5       Characteristics and Management of the              September 5, 2023 Jakarta                     Offline         BNI University
        Multifinance Industry"




                                                                                               Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   709
Page 123
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      Performance                     Report                       Profile                 Analysis on Company Performance                  Functions




                                      TRAINING AND/OR COMPETENCY IMPROVEMENT IN FISCAL YEAR
               Name of Training/Workshop/                       Implementation Implementation                Type of
        No.                                                                                                                           Organizer
               Conference/Seminar                                    date          Venue                    Education
                                                                September 11-12,                                             The Institute of Internal
       6       Financial Services Exchange Program                                  Washington DC          Offline
                                                                2023                                                         Auditors
       7       Social Management Systems                        October 25, 2023    Jakarta                Online            SOE Ministry
               Socialization of Technical Instructions for
               Preparation
               KPI in SOEs, Management Process                  November 14,
       8                                                                            Jakarta                Online            SOE Ministry
               Risk and Risk Taxonomy Aggregation               2023
               SOE Portfolio and Reporting
               SOE Risk Management
       Askolani - Commissioner
               Winning Marketshare Through Digital and                                                                       Risk Management
       1                                                        February 12, 2023   Bali                   Offline
               Collaboration Mindset                                                                                         Certification Agency (BSMR)
               Development, Characteristics and Risk
       2                                                        May 23, 2023        Jakarta                Online            BNI University
               Management of the Pension Fund Industry
               Compliance Forum – Anti-Money Laundering
               and Prevention of Terrorism Financing and
       3       Prevention of Funding for the Proliferation of   August 30, 2023     Jakarta                Online            BNI University
               Weapons of Mass Destruction (APU PPT and
               PPPSPM) in 2023
               Session IV Sharing Session: "Development,
       4       Characteristics and Management of the            September 5, 2023 Jakarta                  Online            BNI University
               Multifinance Industry"
                                                                                    Rotterdam,                               Rotterdam School of
       5       Digital and AI Strategy                          9-11 Oktober 2023                          Offline
                                                                                    Belanda                                  Management
       Fadlansyah Lubis – Commissioner
               Winning Market share Through Digital and                                                                      Risk Management
       1                                                        February 12, 2023   Bali                   Offline
               Collaboration Mindset                                                                                         Certification Agency (BSMR)
               Compliance Forum – Anti-Money Laundering
               and Prevention of Terrorism Financing and
       2       Prevention of Funding for the Proliferation of   August 30, 2023     Jakarta                Online            BNI University
               Weapons of Mass Destruction (APU PPT and
               PPPSPM) in 2023
                                                                                    Virginia, United
       3       Managing Individual & Organizational Change October 2-5, 2023                               Offline           Darden School of Business
                                                                                    States
       Asmawi Syam – Komisaris Independen
               Winning Marketshare Through Digital and                                                                       Risk Management
       1                                                        February 12, 2023   Bali                   Offline
               Collaboration Mindset                                                                                         Certification Agency (BSMR)
               Socialization of 2023 SOE Ministerial
               Regulations Number PER-01/MBU/03/2023,
       2                                                        April 6, 2023       Jakarta                Offline           SOE Ministry
               PER-02/MBU/03/2023, and PER-03/
               MBU/03/2023
               Development, Characteristics and Risk
       3                                                        May 23, 2023        Jakarta                Offline           BNI University
               Management of the Pension Fund Industry
               Compliance Refreshment of Issuer and
       4                                                        August 22, 2023     Jakarta                Online            Financial Services Authority
               Public Company
               Compliance Forum – Anti-Money Laundering
               and Prevention of Terrorism Financing and
       5       Prevention of Funding for the Proliferation of   August 30, 2023     Jakarta                Offline           BNI University
               Weapons of Mass Destruction (APU PPT and
               PPPSPM) in 2023
               Session IV Sharing Session: "Development,
       6       Characteristics and Management of the            September 5, 2023 Jakarta                  Offline           BNI University
               Multifinance Industry"
                                                                September 11-12,                                             The Institute of Internal
       7       Financial Services Exchange Program                                  Washington DC          Offline
                                                                2023                                                         Auditors
               GRC Masterclass – Methodology and Social
       8                                                        October 25, 2023    Jakarta                Online            SOE Ministry
               Management Systems
               Socialization of Technical Instructions for
               Preparation
               KPI in SOEs, Management Process                  November 14,
       9                                                                            Jakarta                Online            SOE Ministry
               Risk and Risk Taxonomy Aggregation               2023
               SOE Portfolio and Reporting
               SOE Risk Management
       Iman Sugema - Independent Commissioner
               Winning Marketshare Through Digital and                                                                       Risk Management
       1                                                        Februari 12, 2023   Bali                   Offline
               Collaboration Mindset                                                                                         Certification Agency (BSMR)
               Development, Characteristics and Risk
       2                                                        May 23, 2023        Jakarta                Online            BNI University
               Management of the Pension Fund Industry

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          Practices            Governance                    Responsibility                 Commitment                 Statements




                              TRAINING AND/OR COMPETENCY IMPROVEMENT IN FISCAL YEAR
         Name of Training/Workshop/                        Implementation Implementation                   Type of
 No.                                                                                                                                Organizer
         Conference/Seminar                                     date          Venue                       Education
        Compliance Refreshment of Issuer and
3                                                          August 22, 2023        Jakarta                Online          Financial Services Authority
        Public Company
        Compliance Forum – Anti-Money Laundering
        and Prevention of Terrorism Financing and
4       Prevention of Funding for the Proliferation of     August 30, 2023        Jakarta                Offline         BNI University
        Weapons of Mass Destruction (APU PPT and
        PPPSPM) in 2023
        Session IV Sharing Session: "Development,
5       Characteristics and Management of the              September 5, 2023 Jakarta                     Online          BNI University
        Multifinance Industry"
                                                           September 11-12,                                              The Institute of Internal
6       Financial Services Exchange Program                                       Washington DC          Offline
                                                           2023                                                          Auditors
        Special Class for Indonesian Internal Audit
7                                                          October 27, 2023       Jakarta                Online          SOE Ministry
        Practitioner Certification
        Special Class for Indonesian Internal Audit                                                                      The Institute of Internal
8                                                          27 Oktober 2023        Bogor                  Offline
        Practitioner Certification                                                                                       Auditors Indonesia
        Socialization of Technical Instructions for
        Preparation KPI in SOEs, Management
                                                           November 14,
9       Process Risk and Risk Taxonomy Aggregation                                Jakarta                Online          SOE Ministry
                                                           2023
        SOE Portfolio and Reporting SOE Risk
        Management
Susyanto - Commissioner
        Winning Marketshare Through Digital and                                                                          Risk Management
1                                                          February 12, 2023      Bali                   Offline
        Collaboration Mindset                                                                                            Certification Agency (BSMR)
        Development, Characteristics and Risk
2                                                          May 23, 2023           Jakarta                Offline         BNI University
        Management of the Pension Fund Industry
        Compliance Forum – Anti-Money Laundering
        and Prevention of Terrorism Financing and
3       Prevention of Funding for the Proliferation of     August 30, 2023        Jakarta                Offline         BNI University
        Weapons of Mass Destruction (APU PPT and
        PPPSPM) in 2023
        Session IV Sharing Session: "Development,
4       Characteristics and Management of the              September 5, 2023 Jakarta                     Online          BNI University
        Multifinance Industry"
                                                                                  Rotterdam,                             Rotterdam School of
5       Digital and AI Strategy                            October 9-11, 2023                            Offline
                                                                                  Belanda                                Management
Septian Hario Seto - Independent Commissioner
        Internalization of BNI Work Culture to Improve                                                                   Risk Management
1                                                      March 31, 2023             Jakarta                Online
        Risk Culture and Risk Awareness                                                                                  Certification Agency (BSMR)
        Development, Characteristics and Risk
2                                                          May 23, 2023           Jakarta                Online          BNI University
        Management of the Pension Fund Industry
        Compliance Forum – Anti-Money Laundering
        and Prevention of Terrorism Financing and
3       Prevention of Funding for the Proliferation of     August 30, 2023        Jakarta                Online          BNI University
        Weapons of Mass Destruction (APU PPT and
        PPPSPM) in 2023
                                                           October
        Changing the Game: Negotiating &                                          Massachusetts,
4                                                          29-November 3,                                Offline         Harvard Business School
        Competitive Decision Making                                               United States
                                                           2023
Erwin Rijanto Slamet - Independent Commissioner
        Winning Marketshare Through Digital and                                                                          Risk Management
1                                                          February 12, 2023      Bali                   Offline
        Collaboration Mindset                                                                                            Certification Agency (BSMR)
        Internalization of BNI Work Culture to Improve                                                                   Badan Sertifikasi
2                                                      March 31, 2023             Jakarta                Online
        Risk Culture and Risk Awareness                                                                                  Manajemen Risiko (BSMR)
        Socialization of Technical Guidelines for
3       the Composition and Qualifications of Risk         June 13, 2023          Jakarta                Online          SOE Ministry
        Management Organs
4       Program Financial Strategis for Value Creation June 19-23, 2023           London                 Offline         London Business School
        Compliance Forum – Anti-Money Laundering
        and Prevention of Terrorism Financing and
5       Prevention of Funding for the Proliferation of     August 30, 2023        Jakarta                Offline         BNI University
        Weapons of Mass Destruction (APU PPT and
        PPPSPM) in 2023
        Session IV Sharing Session: "Development,
6       Characteristics and Management of the              September 5, 2023 Jakarta                     Online          BNI University
        Multifinance Industry"



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                                                  TRAINING AND/OR COMPETENCY IMPROVEMENT IN FISCAL YEAR
                 Name of Training/Workshop/                                          Implementation Implementation                               Type of
        No.                                                                                                                                                                      Organizer
                 Conference/Seminar                                                       date          Venue                                   Education
                Talkshow on Implementation of Consumer
       7        and Community Protection in accordance                               October 10, 2023             Jakarta                     Offline               BNI University
                with POJK No. 6/POJK.07/2022
       Robertus Billitea5) - Commissioner
                Risk Management Providing Program for                                                                                                               Indonesian Banking
       1                                                                             May 17 & 19, 2023            Jakarta                     Offline
                Prospective Commissioners                                                                                                                           Development Institute (LPPI)
                Compliance Forum – Anti-Money Laundering
                and Prevention of Terrorism Financing and
       2        Prevention of Funding for the Proliferation of                       30 Agustus 2023              Jakarta                     Online                BNI University
                Weapons of Mass Destruction (APU PPT and
                PPPSPM) in 2023
       Note:
       1)
         Ceased serving as President Commissioner/Independent Commissioner since September 19, 2023
       2)
         Transfer from original assignment as Vice President Commissioner/Independent Commissioner to become President Commissioner/Independent Commissioner since
       September 19, 2023 and in the OJK Fit and Proper Test Process as President Commissioner/Independent Commissioner
       3)
         Served as Vice President Commissioner since September 19, 2023 and in the OJK Fit and Proper Test Process as President Commissioner/Independent Commissioner
       4)
         Ceased serving as Independent Commissioner on March 15 2023, was reappointed as Independent Commissioner on March 15 2023 and has been effective since March 15
       2023 in accordance with Financial Services Authority Circular Letter No. 39/SEOJK.03/2016 concerning Fit and Proper Test for Prospective Controlling Shareholders, Prospective
       Members of the Board of Directors, and Prospective Members of the Bank's Board of Commissioners
       5)
         Serving as Commissioner since March 15 2023 and effective based on OJK approval from September 11 2023



      RISK MANAGEMENT CERTIFICATION

        Name                                                                                      Position                                                           Certificate
                                                                      President Commissioner/ Independent
       Agus Dermawan Wintarto Martowardojo1)                                                                                                                            Level 5
                                                                      Commissioner
                                                                      Vice President Commissioner/ Independent
       Pradjoto2)                                                                                                                                                       Level 2
                                                                      Commissioner
       Pahala Nugraha Mansury              3)
                                                                      Vice President Commissioner                                                                       Level 5
       Sigit Widyawan4)                                               Independent Commissioner                                                                          Level 2
       Askolani                                                       Komisaris                                                                                         Level 1
       Fadlansyah Lubis                                               Komisaris                                                                                         Level 1
       Asmawi Syam                                                    Independent Commissioner                                                                          Level 5
       Iman Sugema                                                    Independent Commissioner                                                                          Level 2
       Susyanto                                                       Komisaris                                                                                         Level 1
       Septian Hario Seto                                             Independent Commissioner                                                                          Level 2
       Erwin Rijanto Slamet                                           Independent Commissioner                                                                          Level 2
                                                                                                                                             Risk Management Certification is on process,
       Robertus Billitea5)                                            Komisaris
                                                                                                                                             in accordance with relaxation from OJK6)
       Note:
       1)
         Ceased serving as President Commissioner/Independent Commissioner from September 19, 2023
       2)
         Transfer from original assignment as Vice President Commissioner/Independent Commissioner to become President Commissioner/Independent Commissioner from September 19, 2023 and in the
       OJK Fit and Proper Test process as President Commissioner/Independent Commissioner
       3)
         Served as Vice President Commissioner since September 19, 2023 and in the OJK Fit and Proper Test process as Vice President Commissioner
       4)
         Ceased serving as Independent Commissioner on March 15 2023, was reappointed as Independent Commissioner on March 15 2023 and has been effective since March 15 2023 in accordance with
       Financial Services Authority Circular Letter No. 39/SEOJK.03/2016 dated 13 September 2016 concerning Fit and Proper Test for Prospective Controlling Shareholders, Prospective Members of the
       Board of Directors, and Prospective Members of the Bank's Board of Commissioners
       5)
         Serving as Commissioner since March 15 2023 and effective based on OJK approval from September 11 2023
       6)
         On Risk Management Certification process, but has taken part in the Risk Management briefing organized by LPPI. Cfm. OJK Letter No. S-10/D.03/2023 date. 4 May 2023, the obligation to fulfill
       the MR Certificate in the Fit and Proper Test process for prospective members of the Board of Commissioners is exempt from the requirements, and for prospective members of the Board of
       Commissioners who will be proposed to take part in the PKK process but do not yet have an MR Certificate according to the provisions, must first take part in the Provisioning Program/ MR training
       organized by the Indonesian Banking Development Institute (LPPI). Cfm. OJK Letter No. S-30/D.03/2023 date. 17 November 2023, for members of the Board of Commissioners who have participated in
       the MR Provisioning/Training Program organized by LPPI and obtained "Approved" assessment results in the Fit and Proper Test, must fulfill the MR Certificate according to the provisions no later than
       6 (six) months after the suspension of the Banking Certification Institute (LSP) ended, including LSP's readiness to organize SMR in accordance with the new LSP scheme.




      BOARD OF COMMISSIONERS’ CONFLICT
      OF INTEREST MANAGEMENT

      A Conflict of Interest is a situation where the Bank’s                                                  3. Disclose familial relationships, financial relationships,
      economic interests contradict with personal economic                                                       management relationships, ownership relationships
      interests. Regarding such matters, members of the Board                                                    with other members of the Board of Commissioners
      of Commissioners are obliged to:                                                                           and/or members of the Board of Directors and/or the
      1. Prioritize the Bank’s interests and not decrease the                                                    bank’s controlling shareholders and/or other parties in
          Bank’s financial in the event of any conflict of interest;                                             the framework of the Bank’s business;
      2. Refrain from making decisions in situations and                                                      4. Disclose decisions that may have been made in a
          conditions of conflict of interest;                                                                    condition of a conflict of interest.



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IMPLEMENTATION OF THE BOARD                                               BOARD OF COMMISSIONERS’
OF COMMISSIONERS’ DUTIES                                                  SUPERVISORY DUTIES REALIZATION

Implementation of the Board of Commissioners’ duties                      Throughout 2023, the Board of Commissioners carried out
refers to the Board of Commissioners’ Work Plan and                       their duties, obligations and responsibilities to supervise the
Budget (RKA) that is prepared and submitted to the Board                  management policies and management of the Bank in line
of Directors at the beginning of the year. The preparation                with the prevailing laws and regulations, the Bank’s Articles
of the RKA is as required based on:                                       of Association and the Work Plan set at the beginning of
1. Regulation of the Minister of State-Owned Enterprises                  the year, which included the following:
    No. PER-2/MBU/03/2023 dated March 3 2023 Concerning                   1. Performing the supervisory function of the Bank’s
    Guidelines for Governance and Significant Corporate                       Business Plan (RBB), including:
    Activities of State-Owned Enterprises Article 14                          a. Directing, monitoring and evaluating the
    paragraph (8) regulates that the Board of Commissioners/                      implementation of the Bank’s 2023 strategic policies,
    Supervisory Board is obliged to prepare an annual                             including evaluation of the Corporate Plan and RBB
    work plan and budget for the Board of Commissioners/                          as well as financial performance in 2023 every
    Supervisory Board which is an inseparable part of the                         month;
    Company's Work Plan and Budget (RKAP); as well as                         b. Supervising efforts to achieve RBB, in particular
2. Article 17 paragraph (2) of BNI’s Articles of Association                      achieving important aspects in the business plan
    that regulates that the Board of Commissioners must                           such as loan distribution, asset quality improvement,
    prepare a work program for the Board of Commissioners                         third party fund collection, productivity and
    as an inseparable part of the Company’s Annual Work                           efficiency;
    Plan and Budget prepared by the Board of Directors.                       c. Reviewing the Revised RBB for 2023-2025;
                                                                              d. Evaluating the RBB as reported to the Financial
MECHANISM FOR THE BOARD OF                                                        Services Authority every semester and submitting
COMMISSIONERS’ SUPERVISORY                                                        the RBB supervision report to the Financial Services
DUTIES IMPLEMENTATION                                                             Authority; and
                                                                              e. Reviewing and giving approval for the 2024-2026
BNI’s Board of Commissioners carries out its functions, duties                    RBB.
and obligations through the following mechanisms:                         2. Evaluating the Consolidated Financial Performance of
1. Board of Commissioners’ Meetings, including internal                       BNI every month and submitting a Performance Report
   Board of Commissioners’ Meetings, or Meetings by                           to the Ministry of SOEs on a quarterly basis;
   inviting Sectoral Director or Senior Executive Vice                    3. Reviewing the financial information to be issued by
   Presidents related to the Meeting agenda, or regular joint                 the Company;
   meetings between the Board of Commissioners and the                    4. Conduct an evaluation review of the implementation of
   Board of Directors.                                                        the audit of the BNI Consolidated Financial Statements
2. The Committees under the Board of Commissioners active                     and Other Reports for the financial year ending 31
   roles are to assist and support the duties of the Board of                 December 2022 carried out by the Public Accounting
   Commissioners, are conducted through the Committee                         Firm (KAP) or other external parties;
   meetings, evaluations, studies or reviews of matters that              5. Proposing the appointment of an External Auditor to
   are part of the duties of the Board of Commissioners.                      conduct an examination of PT BNI (Persero)Tbk for the
3. Providing written suggestions, counsel or decisions of                     Fiscal Year 2023;
   the Board of Commissioners to the Board of Directors as:               6. Performing supervisory functions on the implementation
   a. Commissioners Meeting or the joint meetings of the                      of internal controls in BNI, including:
        Board of Commissioners and the Board of Directors;                    a. Ensuring that BNI’s internal control system is
   b. Responses to reports on the implementation of the                           running well;
        Board of Directors duties or requests for approval,                   b. Ensuring the Board of Directors are monitoring the
        consultations or proposals submitted by the Board                         effectiveness of the Internal Audit Work Unit (SKAI)
        of Directors to the Board of Commissioners, as well                       or the BNI Internal Audit;
        as information on strategic and significant issues,                   c. Supervising the BNI Internal Supervision Unit duties
        based on the results of the evaluations and reviews                       including:
        of the Board of Commissioners in written reports                          • Evaluating internal control or BNI Internal Audit;
        on the implementation of the Board of Directors’                          • Reviewing the audit plan and implementation
        duties to the Board of Commissioners.                                        as well as monitoring the follow-up audit results
4. Visiting the BNI work units, as well as providing                                 on the implementation of the BNI Internal Audit
   suggestions and advice of the Board of Commissioners                              duties;
   to the Board of Directors based on the results of the
   Work visits.




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              • Ensuring that the Board of Directors has followed          a. Reviewing reports on the implementation of the
                 up on audit findings and recommendations from                 compliance function and the implementation of the
                 the BNI Internal Audit, the supervision results by            Compliance Director's duties which are submitted
                 OJK and/or other supervisory authorities, the                 periodically to the Board of Directors.
                 Supreme Audit Agency findings, external auditors          b. Carrying out supervisory functions on the
                 or public accountants audits results, by ensuring             implementation of the Anti-Fraud Strategy at BNI;
                 the Board of Directors follow up on audit findings    11. Carry out supervisory functions over the implementation
                 both in writing and orally;                               of Anti-Money Laundering, Prevention of Terrorism
              • Reviewing the main points of audit results from            Financing and Prevention of Funding for the Proliferation
                 the BNI Internal Audit as reported to the Financial       of Weapons of Mass Destruction (APU PPT and PPPSPM)
                 Services Authority every semester.                        at BNI;
      7. Supervising, monitoring and evaluating the Bank Health        12. With regard to the application of Good Corporate
          Level for Semester II-2022 and Semester I-2023, and              Governance (GCG) principles and practices and
          supporting the Board of Directors in taking necessary            application of Integrated Governance;
          steps to maintain and/or improve the Bank Health Level;      13. Ensure the implementation of GCG principles and
      8. Performing supervisory functions on BNI Risk                      practices at all levels or levels of the BNI organization
          Management and Integrated Risk Management,                       as well as at Financial Services Institutions in the BNI
          including:                                                       Financial Conglomerate;
          a. Evaluating the Board of Directors duties on the               a. Supervise the implementation of Integrated
              application of Risk Management policies and                      Governance in the BNI Financial Conglomerate
              providing suggestions and advice for improvements                and evaluate/review the Integrated Governance
              on the application of Risk Management policies                   Guidelines in order to improve them;
              on a regular basis to ensure that the Bank’s risk            b. Encourage the improvement of GCG practices by
              and activity management has been implemented                     referring to applicable laws and regulations and
              effectively;                                                     international best practices;
          b. Evaluating BNI’s Risk Management policies and Risk            c. Reviewing the GCG implementation report
              Management strategies;                                           submitted by the Board of Directors; And
          c. Reviewing and evaluating the Risk Profile and                 d. Monitoring the results of the GCG self-assessment,
              Minimum Capital on a quarterly basis, as well as                 as well as conducting a self-assessment to assess
              evaluating the position and development of BNI’s                 the effectiveness of GCG implementation by the
              risk on a regular basis;                                         Board of Commissioners, including committees
          d. Ensuring that Risk Management policies and                        under the Board of Commissioners, every semester
              processes are implemented effectively and                        as required by the Financial Services Authority
              integrated into the overall Risk Management                      Regulations which regulate the implementation of
              process;                                                         GCG for Commercial Banks.
          e. Evaluating and providing suggestions and advice for           e. Monitor and evaluate the performance of Subsidiary
              improvement of the Integrated Risk Management                    Companies as well as the Board of Directors' policies
              Policy on a regular basis;                                       related to creating synergy and strengthening the
          f. Approving the Risk Management General Policy and                  business of Subsidiaries;
              the Integrated Risk Management General Policy;           14. Evaluating, directing and monitoring strategic plans,
          g. Ensuring the Integrated Risk Management in                    implementation of Information Technology and Bank
              accordance with the characteristics and complexity           policies related to BNI Information Technology;
              of the Financial Conglomerate business, and              15. Conducting a review of the development of material
              ensuring Risk Management in each FSI in the BNI              cases report on a regular basis;
              Financial Conglomerate supports the Integrated risk      16. Monitoring and evaluating the Evaluation of Recovery
              management effectively.                                      Plan implementation at BNI;
      9. Performing the supervisory function on the application        17. Supervising the implementation of the prudential
          of the Anti-Fraud Strategy at BNI;                               principle in the provision of loan facilities by the Board
      10. Evaluating the compliance function at BNI, ensuring that         of Directors, including:
          the compliance function at BNI has been implemented              a. Supervising the lending and financing plans set
          well and providing suggestions to the Board of Directors             out in the RBB;
          to improve the quality of implementation of the                  b. Providing advice and opinions on the Board of
          compliance function; And                                             Directors’ decision related to provision of loan
                                                                               facilities above a certain amount that must be
                                                                               consulted with the Board of Commissioners;
                                                                           c. Giving approval for the granting of loan facilities
                                                                               to related parties based on applicable laws
                                                                               and regulations that must obtain the Board of
                                                                               Commissioners’ approval;


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    d. Conducting regular and periodic reviews on the                        j.   Approval of the 2023 Internal Audit Annual Audit
        development and follow-up of loans in consultation                        Plan;
        with the Board of Commissioners;                                      k. Approval of the 2024 BNI Sustainable Finance Action
    e. Evaluating and approving credit policies and                               Plan;
        strategies in accordance with the obligations                         l. Approval of the Management of the BNI Subsidiary
        regulated by the prevailing laws and regulations;                         Companies;
    f. Conducting regular reviews on the development and                      m. Approval of the Organizational Arrangement of the
        quality of the overall lending or financing portfolio,                    BNI Board of Directors (Directorate Division);
        including Non-Performing Loans (NPLs).                                n. Approval of Updating Policies and/or Procedures
18. Monitoring and evaluating the Human Capital (HC)                              for Anti-Money Laundering, Prevention ofTerrorism
    development and management, especially with regard                            Financing and Prevention of Funding for the
    to the strategic function of HC in supporting the Bank’s                      Proliferation of Weapons of Mass Destruction (APU
    performance achievements;                                                     PPT and PPPSPM) of BNI;
19. Providing consultation on granting of and write-offs                      o. Approval of Updating General Risk Management
    of loans in accordance with the provisions requiring                          and Capital Management Policies, as well as General
    consultation with the Board of Commissioners;                                 Integrated Risk Management Policies;
20. Evaluating the implementation of the Sector Director                      p. Approval of Updating Integrated Governance Policy;
    duties and responsibilities on a regular basis including                  q. Approval of the 2023 Internal Audit Charter Updating;
    the work plan achievement by the Sector Director,                         r. Approval of Updating Human Capital Policy;
    particularly related to strategic and significant issues;                 s. Approval of the 2023 Internal Audit Charter Updating;
21. Reviewing the Financial Institution Pension Fund (DPLK)                   t. Approval of Updating Policies and/or Procedures
    Performance in 2022 as the Supervisory Board of the                           for Anti-Money Laundering, Prevention ofTerrorism
    DPLK and submitting the Supervisory Report on the BNI                         Financing and Prevention of Funding for the
    Financial Institution Pension Fund (DPLK) Business Plan                       Proliferation of Weapons of Mass Destruction (APU
    for Semester II of 2022 and Semester I of 2023 to OJK;                        PPT and PPPSPM) DPLK BNI;
22. Conducting regular monitoring and evaluation of the                       u. Approval of DPLK BNI Risk Management Policy;
    implementation of BNI remuneration and outsourcing                        v. Approval of the BNI DPLK Business Plan for 2024;
    management policies and system, including                                 w. Approval of Updating BNI Pension Fund Regulations;
    remuneration for the Board of Directors, Board of                         x. Approval of Company Policies or Guidelines based
    Commissioners, and employees;                                                 on Financial Services Authority Regulations must be
23. Carry out the function of supervisory and evaluating                          approved by the Board of Commissioners.
    the Information Technology Strategic Plan including                   26. Submitting a report to the Ministry of SOEs in the form
    discussions regarding the realization of the Information                  of responses from the Board of Commissioners on the
    Technology Program.                                                       BNI performance report every quarter as a follow-up
24. Evaluate the implementation of consumer and                               to the Minister of SOEs Letter in 2014 to the BNI Board
    community protection in the financial services sector                     of Commissioners to streamline the supervision and
    at BNI, and evaluate the implementation of Payment                        guidance of the SOEs performance, where the Board
    Services at BNI.                                                          of Commissioners were requested to provide opinions
25. Approving matters that must be approved by the Board                      and responses on BNI performance reports for the
    of Commissioners based on the prevailing laws and                         quarterly period;
    regulations and the Company’s Articles of Association,                27. Holding Board of Commissioners Meetings, both
    including:                                                                internal Board of Commissioners meetings and
    a. Equity Participation Approval;                                         by inviting members of the Board of Directors or
    b. Approval of Provision of Funds to Related Parties;                     related Sector Directors as well as regular Board of
    c. Approval of the 2022-2024 Bank BNI Business Plan                       Commissioners and Board of Directors meetings to
        Revision;                                                             discuss aspects related to business, organization, risk
    d. Approval of the 2023-2025 Bank BNI Business Plan;                      management, legal internal control and compliance
    e. Approval of the 2024-2026 BNI Corporate Budget                         aspects, human capital, technology and others matters,
        and Work Plan;                                                        held regularly through 63 (sixty three) meetings;
    f. Approval of the Corporate Plan for 2024-2028;                      28. Conducting offline and/or online visits to Regional
    g. Approval of the Company Budget Work Plan for                           Offices, Branch Offices including Overseas Branch
        2024;                                                                 Offices to carry out the supervisory function.
    h. Approval of the 2023/2024 BNI Recovery Plan
        Document;
    i. Approval of BNI's 2023 Risk Appetite Statement
        (RAS);




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      DECISIONS REQUIRING BOARD OF                                         11. Carrying out actions to transfer include selling, releasing
      COMMISSIONERS’ APPROVAL                                                  the right to collect and/or not collect again for:
                                                                               a. Principal bad debts that have been written off in the
      Descriptions of Board of Directors’ decisions that require                   context of loan settlement, either in part or in whole;
      approval from the Board of Commissioners are contained                       and
      in the Company’s Articles of Association document, as                    b. The difference between the value of the principal bad
      determined by the Board of Commissioners in a Board of                       debts that has been written off and the value of the transfer
      Commissioners’ Decree in accordance with certain limitations                 including sales or the value of the disposal of rights; carried
      and/or criteria that have been approved by the Series A                      out based on the policy of the Board of Directors, which
      Dwiwarna Shareholders. Board of Directors Decisions that                     has been approved by the Board of Commissioners, and
      require written approval from the Board of Commissioners                     in the amount of the limit (limit) for write off as determined
      are in accordance with the Articles of Association, and the                  by the GMS, which will remain in effect until a new limit
      above Board of Commissioners Decree with due observance                      is determined by the GMS.
      of laws and regulations and provisions in the field of Capital
      Markets, including:                                                  The Board of Commissioners approval concerning points 1, 2, 5,
      1. Releasing/transferring and/or pledging the Company’s              6, 7 and 8 above with certain limits and/ or criteria, is determined
           assets with criteria and values exceeding a certain amount      after compliance with the limits and/or criteria as approved by
           determined by the Board of Commissioners, except for            the Dwiwarna Series A Shareholders. Determination of limits
           assets recorded as inventory, taking into account the           and/or criteria by the Board of Commissioners for the matters
           provisions in the capital market and banking sector;            referred to in points 1, 2, 5, 6, 7 and 8 above is determined by the
      2. Establishing cooperation with business entities or other          Board of Commissioners in accordance with obtaining certain
           parties, in the form of Operational Cooperation (KSO),          limits and/or criteria that have received approval from Series
           Business Cooperation (KSU), License Cooperation, Build,         Shareholders A Dwiwarna, and has been stated in a Board of
           Operate and Transfer (BOT), Build and Transfer (Build),         Commissioners Decree.
           Transfer and Operate/BTO), Build, Operate and Own/
           BOO and other agreements of the same nature with a              REALIZATION OF THE BOARD OF
           term or value exceeding that determined by the Board            COMMISSIONERS' DECISIONS IN 2023
           of Commissioners;
      3. Establishing and changing the Company’s logo;                     During 2023, the Board of Commissioners made a number
      4. Establishing an organizational structure 1 (one) level below      of important decisions to strengthen the implementation
           the Board of Directors;                                         of their duties and responsibilities. Some of the decisions
      5. Instigating equity participation, releasing equity                taken included:
           participation including changes in the capital structure with   1. Appointment of Riswinandi as Member of the Integrated
           a certain value determined by the Board of Commissioners            Governance Committee;
           in other companies, subsidiaries and joint ventures that        2. Appointment of Yenni Sari Dewi as Member of the
           are not in the context of saving receivables with due               Nomination and Remuneration Committee;
           observance to provisions in the Capital Market sector;          3. Appointment of Danni Tri Suryani as Independent
      6. Establishing a subsidiary and/or joint venture company                Member of the Nomination and Remuneration
           with a certain value determined by the Board of                     Committee;
           Commissioners with due observance of provisions in              4. Appointment of Pasu Donnaria as Expert for the Board
           the Capital Market sector;                                          of Commissioners;
      7. Proposing representatives of the Company to become                5. Appointment of Robertus Billitea as Member of the
           candidates for Members of the Board of Directors and                Integrated Governance Committee;
           Board of Commissioners in subsidiaries that make a              6. Appointment of Robertus Billitea as Member of the
           significant contribution to the Company and/or have                 Nomination and Remuneration Committee;
           strategic value determined by the Board of Commissioners;       7. Appointment of Asmawi Syam as Chair of the Integrated
      8. Performing mergers, consolidations, acquisitions,                     Governance Committee;
           separations and dissolutions of subsidiaries and joint          8. Confirmation of the Appointment of Agus Dermawan
           ventures with a certain value determined by the Board               Wintarto Martowardojo as Chairman of the Integrated
           of Commissioners with due observance of provisions in               Governance Committee;
           the field of Capital Markets;                                   9. Confirmation of the Appointment of Agus Dermawan
      9. Carrying out actions that are included in material                    Wintarto Martowardojo as Chairman of the Nomination
           transactions as stipulated by laws and regulations in the           and Remuneration Committee;
           field of capital markets with a certain value determined        10. Dismissal of the appointment of Mamat Rohiyat
           by the Board of Commissioners, unless these actions are             and the appointment of Sister Demy Marizka and
           included in material transactions that are excluded by              Sister Tri Kartika as Secretariat Staff of the Board of
           the laws and regulations that apply in the field of capital         Commissioners;
           markets;                                                        11. Dismissal of the Appointment of Asmawi Syam as Chair
      10. Carrying out actions that have not been determined in                of the Integrated Governance Committee;
           the RKAP;
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12. Dismissal of appointment of Pradjoto as Chairman of                        of Directors' KPIs Collegially and the KPIs of Directors
    the Risk Monitoring Committee;                                             Individually which have been signed by all Board of
13. Appointment of Pradjoto as Chairman of the Nomination                      Directors and Commissioners.
    and Remuneration Committee;
14. Appointment of Pradjoto as Chair of the Integrated                         Board of Directors Performance Assessment Criteria
    Governance Committee;                                                      The criteria for assessing the Board of Directors performance
15. Dismissal of Pradjoto's Appointment as Member of the                       consists of collegial Board of Directors’ Key Performance
    Nomination and Remuneration Committee;                                     Indicators (KPI) and individual Directors’ KPIs, which are
16. Appointment of Erwin Rijanto Slamet as Chair of the                        prepared based on the Company’s strategy and focus in
    Risk Monitoring Committee;                                                 the current period as stated in the Bank’s Business Plan
17. Dismissal of the Appointment of Brother Erwin Rijanto                      (RBB)/Work Plan and Corporate Budget (RKAP).
    Slamet as Member of the Risk Monitoring Committee;                         1. Collegial KPI
18. Appointment of Pahala Nugraha Mansury as Member                                Collegial KPI are translated into five priority programs,
    of the Nomination and Remuneration Committee;                                  namely:
19. Appointment of Pahala Nugraha Mansury as Member                                a. Economic and social value for Indonesia including
    of the Risk Monitoring Committee.                                                  financial and social aspects;
                                                                                   b. Business Model Innovation;
BOARD OF DIRECTORS                                                                 c. Technology Leadership;
PERFORMANCE ASSESSMENT                                                             d. Increased Investment;
                                                                                   e. Talent Development
PENILAIAN KINERJA DIREKSI
The Board of Directors' performance evaluation system in                          Each priority program includes several KPI that reflect
2023 refers to the Minister of BUMN Regulation No. PER-3/                         the financial and non-financial performance targets that
MBU/03/2023 dated 20 March 2023 concerning Organs and                             are aligned with the established strategic initiatives.
Human Resources of State-Owned Enterprises, Minister of                        2. Individual KPI
BUMN Regulation No. PER-2/MBU/03/2023 dated March 3                               The individual Directors’ KPI are prepared according to
2023 concerning Guidelines for Governance and Significant                         the duties, main functions and responsibilities of each
Corporate Activities of State-Owned Enterprises.                                  member of the Board of Directors.

Procedures for Implementing Board of Directors'                                Party Conducting the Assessment
Performance Assessments                                                        The Board of Directors' collegial and individual KPI
The Board of Directors' Performance Assessment for                             achievements are reported in periodic reports to the Board
2023 refers to BUMN Ministerial Regulation No. PER-2/                          of Commissioners. On the other hand, the calculation of
MBU/03/2023 dated March 3 2023 concerning Guidelines                           the Board of Directors' KPI achievements collegially and
for Governance and Significant Corporate Activities of                         individually is reviewed by the Public Accounting Firm
State-Owned Enterprises and KBUMN Letter No. S-220/                            (KAP) which audits the company's financial reports and
MBU/04/2023 dated 19 April 2023. Assessment of Board of                        then submit them to Shareholders, in this case the Ministry
Directors' Performance based on the Board of Directors'                        of BUMN.
Annual Management Contract which contains the Board

Board of Directors' Performance Assessment Results
1. Achievement of Collegial KPI

                                                                                                                              Achievement 2023
 Perspective                No                      KPI                        Weight            Measurement
                                                                                                                                Consolidated
Social economic value              Profitable expansion
                            1      a. PPOP                                     6%        Better than the previous year or              92,5%
                                                                                         meeting the minimum target
                                   b. PPOP Growth                              6%                                                      16,4%
                                   Creating Economic Value Add
                                   a. Relative Stock Performance
                                                                               4%                                                     110,0%
Social Economic Value       2      Againts Peers                                         Better than the previous year or
                                   b. Market Cap                               4%        meeting the minimum target                   110,0%
                                   c. ROE                                      6%                                                      97,6%

                                                                                         Better than the previous year or
                            3      CAR                                         4%                                                     106,3%
                                                                                         meeting the minimum target




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          2023                 Management                     Company                  Management Discussion and              Business Support
      Performance                Report                        Profile               Analysis on Company Performance             Functions




                                                                                                                            Achievement 2023
        Perspective            No                       KPI                 Weight                Measurement
                                                                                                                              Consolidated
                                    Loan growth quality
                                    a. LaR                                  3,50%                                                 99,4%
                               4    b. CKPN to LaR (LaR Coverge)            3,50%        Better than the previous year or         98,2%
                                    c. Cost of Credit (CoC)                 3,50%        meeting the minimum target              110,0%
       Social Economic Value
                                    d. BOPO                                 3,50%                                                101,8%
                                    Strengthening the Financial Capacity of the Indonesian people
                               5    a. Realization of KUR Disbursement      3%           Better than the previous year or        104,2%
                                    b. Recovery Rate Subrogation            3%           fulfillment minimum target               94,7%
                                    Increased Competitiveness in Obtaining Cheap Funds:
                               6    a. Cheap Funds Average Balance          4%           Better than the previous year or         97,0%
                                    b. CASA Ratio                           4%           fulfillment minimum target               97,8%
                                    Innovative and financial inclusion-oriented financing industry leader:
       Business Model
                                    a. Growth in the volume of digital
       Inovation
                                    service transactions (both retail and   5%                                                   110,0%
                               7    wholesale)
                                                                                         According to RJPP/RKAP
                                    b. Increased credit distribution for
                                    wholesale banking product services      5%                                                   101,1%
                                    through value chain approach
                                    Implementation of ATM integration
                               8                                            5%           According to RJPP/RKAP                  100,0%
                                    (Project Jalin) and EDC Payment
       Technology Leadership
                               9    IT Maturity Level                       3%           According to the terms                  110,0%
                               10   Cyber Security Breach (Zero incident)   3%           According to the terms                  110,0%
                                    a. Rating Environment, Social,                       Better than the previous year or
                                                                            4%                                                   110,0%
                                       Government (ESG)                                  fulfillment minimum target
                               11
                                                                                         Better than the previous year or
       Increased Investment         b. Risk Management Maturity Index       3%                                                   100,0%
                                                                                         fulfillment minimum target
                                    Strengthening International
                               12   Networks and Capabilities (BNI Go       4%           According to RJPP/RKAP                   97,4%
                                    Global)
                                    Holding/Klaster
                                    Implementation of programs related                   Better than the previous year or
                               13                                           4%                                                   110,0%
                                    to Talent Development & Career Path                  fulfillment minimum target
                                    System in the Holding/Cluster scope
                                    Creating leading and professional human resources
                                    Completion of the roadmap for the
                                    restructuring of defined benefit        3%                                                   100,0%
       Talent Development           pension funds                                        Better than the previous year or
                               14
                                                                                         fulfillment minimum target
                                    Risk Management Organ
                                                                            3%                                                   100,0%
                                    Qualification Fulfillment Ratio
                                    Development of Millennial and Women Talents
                                    a. Female ratio in nominated talent     3%                                                   103,1%
                               15                                                        Better than the previous year or
                                    b. Ratio of Young Top Talent (<=42
                                                                            3%           fulfillment minimum target              110,0%
                                       years) in nominated talent




      2. Board of Directors' KPI for 2023                                        •   Implementation of Company Compliance as a Public
         Assessment of Individual KPIs is based on the                               Company
         achievement of KPI targets for each Directorate with                    •   Increasing BNI's Brand Image
         the following explanation:
                                                                                 Vice Director
           President Director                                                    • Maintaining the Bank's health level.
           • Maintaining the Bank's health level.                                • Achievement of Business Plan Realization according
           • Achievement of Business Plan Realization according                     to RKAP/RBB.
              to RKAP/RBB.                                                       • Achieved improvement in asset quality.
           • Achieved improvement in asset quality.                              • Fulfill the internal control implementation at each
           • Implementation of corporate actions as planned.                        line of defense.
           • Implementation of Company Compliance as a Public                    • Achieved an increase in Digital Retail and Wholesale
              Company.                                                              business. Achieved satisfaction of all stakeholders.
           • Fulfill the internal control implementation at each                 • Increasing BNI's Brand Image
              line of defense.



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    Wholesale & International Banking Director                            •   Achieved an increase in channel performance,
    • Achieved an increase in profitability and business                      namely Agen46 and ATM.
      volume for the Corporate Banking, International                     •   Increased transaction volume by Retail Banking
      and Treasury segments.                                                  segment customers.
    • Achieved an increase in asset quality in the                        •   Achieve satisfaction of all customers and resolve
      Corporate Banking and International segments.                           complaints.
    • Increased transaction volume by Institutional
      Banking segment customers                                           Risk Management Director
    • Maintaining the Company's liquidity.                                • Ensure that the implementation of risk management
    • Achieving Transformation and Overseas Office                           is running well in accordance with the articles of
      Business.                                                              association, risk management policies, internal
                                                                             control system policies, standard procedures and
    Enterprise & Commercial Banking Director                                 external regulations.
    • Achieved an increase in profitability and business                  • Achieved improvement in asset quality.
       volume for the Enterprise & Commercial Banking                     • Achievement of Credit Restructuring.
       segment.                                                           • Achievement of End to End Monitoring of Debtors.
    • Achieved an increase in asset quality in the
       Enterprise & Commercial Banking segment.                           Finance Director
    • Increased transaction volume by Enterprise &                        • Achievement of Company Business Realization in
       Commercial Banking segment customers.                                 accordance with RKAP/RBB.
    • Achieved an increase in the number of Enterprise &                  • Achievement of Subsidiary Company's business
       Commercial Banking segment customers.                                 performance.
                                                                          • Achieving Procurement Process Effectiveness.
    Retail Banking Director
    • Achieved an increase in business volume for the                     Technology & Operations Director
       Retail Banking segment including Xpora.                            • Implementation of effective technology and
    • Achieved an increase in the asset quality of the                       information governance.
       Retail Banking segment.                                            • Completion of Information Technology Projects.
    • Increased transaction volume by Retail Banking                      • The target of zero incidents in IT security
       customers.                                                            (cybersecurity) breaches was achieved.
    • Achieved the number of Private BNI customers.                       • Increased Operational Excellence.
    • Achieved an increase in Product Holding Ratio.
                                                                          Human Capital & Compliance Director
    Institutional Banking Director                                        • Achievement of Human Capital management
    • Achieved an increase in profitability and business                    strategies and targets.
        volume for the Institutional Banking segment.                     • Achieving Compliance with Suspicious Financial
    • Increased transaction volume by Corporate Banking                     Transaction Reports (LTKM), APU PPT, PPATK, KYC.
        and International segment customers.                              • Achieved better case resolution than the previous
    • Achieved implementation of support for government                     year.
        programs.                                                         • Achieved a reduction in the ratio of the number of
    • Achievement of Pension Fund & Financial Institution                   fines imposed by the regulator.
        business.                                                         • Fulfill the business procedures and policy
                                                                            requirements.
    Digital & Integrated Transaction Banking Director
    • Achieved an increase in volume and digital                       BOARD OF COMMISSIONERS ASSESSMENT
       transactions for the Wholesale & Retail Banking                 Procedures For Board Of Commissioners’
       segment.                                                        Performance Assessment
    • Achieved an increase in the number of active                     The Board of Commissioners’ performance Assessment
       transaction users for the Wholesale & Retail Banking            was carried out using the self-assessment method on the
       segment.                                                        performance of the Board of Commissioners and was
    • Achievement of BNI Corporate Branding                            reported to Shareholders at the Annual General Meeting
       Improvement.                                                    of Shareholders.

    Network & Services Director                                        Appraisal Party
    • Achieved an increase in Regional business volume                 The Board of Commissioners evaluated the Board of
       focusing on the Retail Banking and Commercial                   Commissioners’ performance in 2023 using the self-
       non-Debtor segments.                                            assessment method and was reported to Shareholders at
    • Achieved an increase in the quality of Regional                  the Annual General Meeting of Shareholders.
       assets.


                                                                                   Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   719
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          2023                    Management                    Company                 Management Discussion and                Business Support
      Performance                   Report                       Profile              Analysis on Company Performance               Functions




      Criteria and Results of Performance Assessment of                            assessment of their performance. This assessment
      the Board of Commissioners                                                   aims to ascertain how the Board of Commissioners
                                                                                   has performed during the Financial Year using a self-
      1. The Board of Commissioners’ performance assessment                        assessment method. Collegial performance assessment
         is based on the achievement of the Board of                               is carried out through measuring the achievement of
         Commissioners’ Work Plan                                                  the Board of Commissioners' annual collegial Key
         The Board of Commissioners’ Performance Assessment                        Performance Indicator (KPI) which was prepared and
         is carried out collegially and reported to Shareholders at                determined at the beginning of the year.
         the Annual General Meeting of Shareholders (GMS) by
         submitting the Board of Commissioners’ performance                        The 2023 collegial KPI of the Board of Commissioners,
         in the Board of Commissioners’ Monitoring Report.                         which was prepared and determined at the beginning
         Based on this report, the GMS will subsequently grant                     of the year by the Board of Commissioners, is divided
         full release and discharge (volledig acquit et de charge)                 into 4 aspects with each weight as follows:
         to the Company’s Board of Commissioners for the                           I. Planning aspect, with a weight of 10%;
         supervisory actions carried out in the FiscalYear ending                  II. Supervisory and advisory aspect, with a weight
         at the end of the year.                                                        of 55%;
                                                                                   III. Reporting aspect, with a weight of 15%; and
             As part of the implementation of Good Corporate                       IV. Dynamic aspect, with a weight of 20%.
             Governance which is in line with the Regulation of the
             Minister of State for State-Owned Enterprises PER-2/                  The Board of Commissioners’ Performance Assessment
             MBU/03/2023 concerning Guidelines for Governance                      is reflected in the Board of Commissioners’ KPI for
             and Significant Corporate Activities of State-Owned                   2023 self-assessment results, which showed that the
             Enterprises, the Board of Commissioners at the                        Board of Commissioners fully implemented the work
             beginning of the year has prepared an annual work plan                programs contained in the Board of Commissioners’
             for the Board of Commissioners which is an inseparable                2023 work plan in accordance with the targets set, with
             part of the Company's Work Plan and Budget (RKAP). In                 details of the Board of Commissioners’ KPI achievement
             order to evaluate the implementation of the work plan,                as follows:
             the Board of Commissioners then carry out a collegial


        No.                                          Aspect and Parameter                                               Weight     Achievment
                Planning Aspect
         1      Conducted discussions and provided recommendations/approval on the preparation of the Board of          10%             …%
                Commissioners’ work plan for the coming year
                Supervisory and Advisory Aspect
                • Provided approval/response/recommendation to Shareholders on the Bank’s Business Plan for the
                   coming year, and Revisions to the Bank’s Business Plan for the current year, Annual Report, and
                   Quarterly Performance Analysis.
                • Provided approval and advice to the Board of Directors in accordance with the Board of
         2                                                                                                              55%             …%
                   Commissioners’ duties.
                • Board of Commissioners’ meetings
                • Committee meetings of the Board of Commissioners with related Directors/Units
                • Board of Commissioners working visits
                • Realization of the Committees under the Board of Commissioners’ Work Plan
                Reporting Aspect
         3      • Board of Commissioners’ KPI Realization Reports                                                       15%             …%
                • Board of Commissioners’ Supervision Reports to the Authorities and Ministry of SOEs.
                Dynamic Aspect
                • External Auditor’s proposals to Shareholders
         4                                                                                                              20%             …%
                • Competency Improvement through Seminars, Workshops etc
                • Board of Commissioners’ GCG Assessment Results



      2. Board of Commissioners’ performance assessment through a Self Assessment of the Good Corporate Governance
         Implementation
         a. Board of Commissioners’ performance assessments are also reflected in self-assessments of the Board of
            Commissioners’ implementation of their duties and responsibilities, as part of the Self Assessment on the Bank
            Governance that must be submitted to OJK every semester as required in OJK Regulation No. 17 of 2023 dated
            14 September 2023 concerning the Implementation of Governance for Commercial Banks. Furthermore, OJK will
            conduct an assessment or evaluation of the self- assessment report on the application of the said Bank Governance.
         b. Self-assessment reports on the Bank Governance implementation are carried out to ensure the implementation of
            the 5 (five) basic principles of Good Corporate Governance, namely Transparency, Accountability, Responsibility,
            Independency, and Fairness.


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    c. For the Bank Governance implementation self-                      1. Regulation of the Minister of State-Owned Enterprises
       assessment, the Board of Commissioners’ duties                       No. PER-2/MBU/03/2023 dated 3 March 2023 concerning
       and responsibilities implementation forms part                       Guidelines for Governance and Significant Corporate
       of the assessment, and is measured based on 3                        Activities of State-Owned Enterprises and Regulation
       main parameters namely Government Structure,                         of the Minister of State-Owned Enterprises No. PER-3/
       Governance Process and Governance Outcome.                           MBU/03/2023 dated 20 March 2023 concerning Organs
       The parameter assessment for the Board of                            and Human Resources of State-Owned Enterprises, the
       Commissioners’ duties and responsibilities                           organs of the Board of Commissioners may consist of
       implementation is carried out based on a governance                  the Audit Committee, Nomination and Remuneration
       structure that consists of 16 (sixteen) indicators, a                Committee, Risk Monitoring Committee and Integrated
       governance process that consists of 17 (seventeen)                   Governance Committee, as well as the Board Secretariat
       indicators, and a governance outcome that consists                   Commissioner;
       of 6 (six) assessment indicators.                                 2. Financial Services Authority Regulation No. 18/
    d. The Good Corporate Governance Implementation                         POJK.03/2014 dated November 18, 2014 concerning the
       self-assessment for the results of the period of 2023                Implementation of Integrated Governance for Financial
       as overall received a rating of 2 ("Good"). Based on                 Conglomerates, in order to support the effectiveness
       the Governance Factor Rating matrix in Appendix                      of carrying out their duties, the Main Entity Board of
       II of SEOJK No. 13/SEOJK.03/2017 dated March 17,                     Commissioners is required to establish an Integrated
       2017 concerning Governance Implementation in                         Governance Committee;
       Commercial Banks, received a rating of 2 ("Good")                 3. Financial Services Authority Regulation No. 45/
       is defined by OJK as “Reflecting that the Bank’s                     POJK.03/2015 dated December 23, 2015 concerning
       management has implemented Governance which                          the Implementation of Governance in the Provision
       is generally good. This is reflected in the adequate                 of Remuneration for Commercial Banks, in carrying
       fulfillment of the Governance principles. In the event               out supervisory duties on the implementation of
       that there are weaknesses in the implementation                      Remuneration policies and periodic evaluation of
       of the Governance principles, in general these                       Remuneration policies, the Board of Commissioners
       weaknesses are insignificant and can be resolved                     is required to form a Remuneration Committee;
       by normal actions by the Bank’s management”.                      4. Financial Services Authority Regulation No. 55/
    e. In assessing the governance implementation                           POJK.04/2015 dated December 23, 2015 concerning the
       quality, BNI also follows the Corporate Governance                   Establishment and Guidelines for the Implementation of
       Perception Index (CGPI) organized byThe Indonesian                   Work of Audit Committees, Issuers or Public Companies
       Institute for Corporate Governance (IICG) with the                   are required to have an Audit Committee.
       aim of evaluating the GCG implementation at                       5. Financial Services Authority Regulation no. 17 of
       BNI. The results of the 2023 CGPI assessment at                      2023 dated 14 September 2023 concerning the
       BNI showed a score of “92.26”, with a “The Most                      Implementation of Governance for Commercial Banks,
       Trusted Company” predicate. BNI’s CGPI results                       in order to support the effective implementation of
       achievement of ““The Most Trusted Company”                           duties and responsibilities, the Board of Commissioners
       stated that the company’s organs and all members of                  is required to form at least an Audit Committee, a
       the company have been committed and consistent                       Risk Monitoring Committee and a Nomination and
       in implementing the principles of Good Corporate                     Remuneration Committee.
       Governance, and are able to optimize their resources
       to build a system resilient to the dynamics of change             COMMITTEES UNDER THE BOARD
       in line with the values, principles and rules of Good             OF COMMISSIONERS
       Corporate Governance.                                             Committees under the Board of Commissioners consist of
                                                                         the Audit Committee (KA), the Risk Monitoring Committee
COMPLETENESS OF THE BOARD OF                                             (KPR), the Nomination and Remuneration Committee (KNR),
COMMISSIONERS’ ORGANS                                                    and the Integrated Governance Committee (TKT).

To strengthen its supervisory duties, the Board of                       The Board of Commissioners establishes guidelines
Commissioners has supporting organs consisting of                        that regulate the procedures for appointment, dismissal,
committees under the Board of Commissioners and the                      arrangement of duties and honorarium for members
Secretariat of the Board of Commissioners.                               of the Committees under the Board of Commissioners,
                                                                         which are continuously refined and updated in accordance
The establishment and implementation of the Secretariat                  with developments/amendments in the applicable laws,
of the Board of Commissioners and the Committees under                   regulations and current conditions. The latest update
the Board of Commissioners has been carried out by taking                was made in 2018, which are stipulated in the Board of
into account the applicable laws and regulations, including              Commissioners Decision Letter No. KEP/002/ DK/2018
the Financial Services Authority (POJK) Regulations, and                 dated February 8, 2018, concerning “General Provisions
the Minister of SOEs (BUMN) regulations, in particular:                  for Appointment, Dismissal, Arrangement of Duties, and


                                                                                     Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   721
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          2023                 Management                 Company               Management Discussion and           Business Support
      Performance                Report                    Profile            Analysis on Company Performance          Functions




      Honorarium of Members of Committees Under the Board              1. The Committees conduct meetings either internally
      of Commissioners” which includes the following matters:             or by inviting related Directors, units and/or divisions
      1. Procedures for Appointment of Committee Members                  and/or related units;
      2. The principal material that needs to be regulated in the      2. The Committees conduct studies/evaluations/ reviews
          work agreement of the committee members who come                as well as discussions/talks outside the meeting forum
          from independent parties with BNI                               which if necessary include discussions with the related
      3. Concurrent positions that regulate positions which               units or divisions/ units;
          are permitted and which are prohibited for members           3. The results of meetings or evaluations/reviews and
          of the Committee based on the applicable laws and               discussions/talks outside the meeting forum are
          regulations;                                                    submitted by the Committee Chairperson to the Board
      4. The period of appointment/term of office of committee            of Commissioners as a report either in writing or in a
          members;                                                        meeting of the Board of Commissioners that discusses
      5. Division of duties and scope of duties of the Committee;         the related agenda
      6. Committee members’ obligation to be present at the            4. Committees under the Board of Commissioners submit
          Company;                                                        realization reports of work programs/ activities every
      7. Honorarium for Committee members from independent                quarter to the Board of Commissioners.
          parties;
      8. Evaluation/assessment of the performance of Committee         Information concerning each Committee is presented in a
          members by independent parties;                              separate sub chapter.
      9. Termination of Appointment of Committee members;
      10. Resignation of Committee members.                            PERFORMANCE ASSESSMENT FOR COMMITTEES
                                                                       UNDER THE BOARD OF COMMISSIONERS
      WORKING MECHAMISM FOR COMMITTEES                                 The Board of Commissioners periodically evaluates the
      UNDER THE BOARD OF COMMISSIONERS                                 committees under the Board of Commissioners, consisting
      The Committees under the Board of Commissioners carry            of the Audit Committee, Risk Monitoring Committee,
      out their duties and responsibilities are guided by previously   Nomination and Remuneration Committee, Risk Monitoring
      prepared Committee Charters for each Committee, which            Committee and Integrated Governance Committee.
      are continuously refined and updated in accordance with
      developments/ changes in applicable legal regulations            During 2023, the Board of Commissioners considers that
      and current conditions. The Committee Charter of each            these committees carried out their functions, duties and
      Committee under the Board of Commissioners has also              responsibilities properly as seen from:
      been stipulated in a Board of Commissioners Decree and           1. The achievement of all Committees’ Work Plans/
      published on the Company’s official website, namely:                Programs set at the beginning of 2023; as well as;
      1. Board of Commissioners Decree No. KEP/007/ DK/2021            2. Implementation of Committee Meetings and level of
          dated April 15, 2021 concerning “The Audit Committee            attendance of Committee members.
          Charter and Code of Ethics for the Audit Committee of
          PT Bank Negara Indonesia (Persero) Tbk.”;                    These committees have work programs/plans that are
      2. Board of Commissioners Decree No. KEP/005/ DK/2022            realized through a committee meeting mechanism,
          dated June 1, 2022 concerning the “Integrated                including by inviting the relevant Sector or divisions/work
          Governance Committee Charter”;                               units, as well as conducting in- depth evaluations/reviews
      3. Board of Commissioners Decree No. KEP/006/ DK/2022            by each committee outside the meeting forum, the results of
          dated June 1, 2022 concerning the “Nomination and            which are submitted in writing to Board of Commissioners.
          Remuneration Committee Charter”;
      4. Board of Commissioners Decree No. KEP/007/ DK/2022            The Audit Committee has carried out its supervisory duties
          dated June 1, 2022 concerning the “Risk Monitoring           and responsibilities regarding the review of financial
          Committee Charter”.                                          information released by the Bank to the public and/or to
                                                                       the authorities. In addition, the Audit Committee also carries
      The preparation of the Work Plan Program, which is carried       out reviews to ensure compliance with laws and regulations
      out at the beginning of each year by each Committee under        relevant to the Bank's activities, provides recommendations
      the Board of Commissioners, is used as a reference in            to the Board of Commissioners regarding the appointment of
      carrying out duties that are realized in assisting the           Public Accountants (AP) and Public Accounting Firms (KAP),
      implementation of the Board of Commissioners’ duties,            and evaluates the effectiveness of audit implementation/
      through monitoring, reviewing and providing advice               services provided. provided by Public Accountants (AP)
      or recommendations to the Board of Commissioners                 and Public Accounting Firms (KAP). The Audit Committee
      on matters related to the functions and duties of the            also reviews the implementation of audits by internal and
      committees concerned through the following mechanism:            external auditors, and supervises the implementation of
                                                                       follow-up actions by the Board of Directors.




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The Risk Monitoring Committee has assessed the suitability                PERFORMANCE ASSESSMENT OR EVALUATION
of risk management policies with the implementation of                    OF INDEPENDENT COMMITTEE MEMBERS
Bank policies, and has also monitored and evaluated                       The committee chairperson evaluates the performance
the implementation of duties by the risk management                       of committee members who come from independent
committee and risk management work unit. The results of                   parties. The Performance Appraisal Indicators, include but
this assessment are used to provide recommendations to                    not limited to competence and expertise, output quality,
the Board of Commissioners. In 2023, the Risk Monitoring                  discipline and attendance of the relevant committee
Committee carried out the evaluation of the implementation                members in the company, as well as the implementation
of risk management for the Bank's 8 (eight) main risks,                   of duties and obligations in accordance with the committee’s
namely Credit Risk, Market Risk, Liquidity Risk, Operational              charter and work procedures that apply to independent
Risk, Strategic Risk, Legal Risk, Compliance Risk, Reputation             committee members under the Board of Commissioners.
Risk, as well as 2 additional (two) other risks included in
integrated risk management, namely Insurance Risk and                     The results of the evaluation and assessment referred
Intragroup Transaction Risk.                                              to are submitted as recommendations to the Board
                                                                          of Commissioners to extend or continue or end the
The Nomination and Remuneration Committee has also                        appointment of the relevant committee members to the
carried out its role in carrying out supervisory duties and               Company.
obligations which include evaluating and formulating
recommendations to the Board of Commissioners                             The evaluation of Committees under the Board of
regarding regulations and policies related to nomination                  Commissioners members by Independent Parties (not
and remuneration for members of the Commissioners,                        the Board of Commissioners). The assessment factors are:
Directors, executive officers and employees as a whole.This               1. Duties according to Committee Charter (25%);
also includes examining and assessing the company's talent                2. Competence and Skill (30%);
management policies, as well as evaluating organizational                 3. Output quality (30%);
development proposed by the Board of Directors, in                        4. Attendance rate (15%).
accordance with applicable regulations.
                                                                          MANDATORY ATTENDANCE OF COMMITTEE
The Integrated Corporate Governance Committee evaluated                   MEMBERS WHO ARE INDEPENDENT PARTIES
the Integrated Governance by analyzing the level of                       Committee members coming from outside the company
effectiveness of internal control, implementation of integrated           (independent members) have the obligation to regularly attend
compliance, and performance of the Integrated Governance                  on working days and office hours based on the days, number
Guidelines.This committee also provided recommendations                   of days, and schedules set by the Board of Commissioners
to the Board of Commissioners of the Main Entity concerning               and/or the committee chairperson, and include attending
the results of the Integrated Governance implementation                   Committee Meetings and carrying out other duties, and
evaluation, as well as improvements that may be needed                    completing the attendance list at the Company in order to
in the Integrated Governance Guidelines. The Integrated                   carry out duties other than attending committee meetings. If
Corporate Governance Committee also assessed the                          necessary, at the request of the Board of Commissioners and/
suitability of the Integrated Governance Policy and its                   or committee chairperson, Committee members from outside
implementation, as well as provided recommendations                       the company must also attend at the company or at Board
to the Board of Commissioners of the Main Entity on the                   of Commissioners’ Meetings or committee meetings, or at
Integrated Governance policy and how to implement it, with                activities that must be attended by the Board of Commissioners
the aim of ensuring that Integrated Governance is managed                 in accordance with the requirements outside the frequency
effectively in all Financial Services Institutions in the BNI             and routine attendance schedule.
Financial Conglomerate.
                                                                          Information on the Committees under the Board of
During 2023, the implementation of programs and work                      Commissioners and the Secretary to the Board of
plans carried out by committees under the Board of                        Commissioners is presented in a separate sub chapter.
Commissioners is reflected in the level of participation and
number of meetings attended, as well as reports describing
the implementation of activities carried out by the Audit
Committee, Nomination and Remuneration Committee,
Monitoring Committee Risk, and Integrated Governance
Committee.This shows that these committees have carried
out their duties and responsibilities effectively.




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      Independent
      Commissioners

      CRITERIA AND NUMBER OF                                               b. Independent Commissioner must meet the following
      INDEPENDENT COMMISSIONERS                                                 requirements:
                                                                                • Not a person who worked or had the authority and
      The Company has an Independent Commissioner who                             responsibility to plan, lead, control, or supervise
      has adapted to Financial Services Authority Regulation                      activities of the Issuer or Public Company within
      no. 17 of 2023 dated 14 September 2023 concerning the                       the last 6 (six) months, except for reappointment
      Implementation of Governance for Commercial Banks. In                       as an Independent Commissioner of Issuer or
      this regulation, Independent Commissioners in commercial                    Public Company in the next period;v
      banks must constitute at least 50% (fifty percent) of the total           • Does not own shares either directly or indirectly
      members of the Board of Commissioners. The composition                      with the Issuer or Public Company;
      of BNI Commissioners as of 31 December 2023 is 11 (eleven)                • Has no Affiliated relationship with the Issuer
      people consisting of 1 (one) President Commissioner/                        or Public Company, members of the Board
      Independent Commissioner, 1 (one) Vice President                            of Commissioners, members of the Board of
      Commissioner, 5 (five) Independent Commissioners, and                       Directors, or the main shareholders of the Issuer
      45 (five) Commissioners . Thus, the composition of BNI's                    or Public Company; and
      Independent Commissioners is more than 50% of the total                   • Does not have a business relationship either
      number of Board of Commissioners and has complied with                      directly or indirectly that is related to the business
      Financial Services Authority Regulations.                                   activities of the Issuer or Public Company.
                                                                        3. OJK Circular No. 13/SEOJK.03/2017 dated March 17,
      Apart from following the Financial Services Authority                2017 concerning Implementation of Governance for
      Regulation no. 17 of 2023 dated 14 September 2023                    Commercial Banks which stipulates that:
      concerning the Implementation of Governance for                      a. Independent Commissioners are members of the
      Commercial Banks as explained above, the appointment                      Board of Commissioners who have no financial
      of BNI Independent Commissioners is carried out by                        relationship, management relationship, ownership
      paying attention to and being guided by the provisions                    relationship, and/ or familial relationship with
      governing the requirements and criteria for Independent                   members of the Board of Directors, other members
      Commissioners in other applicable laws and regulations,                   of the Board of Commissioners, and/or controlling
      in particular:                                                            shareholder, or relationship with the Bank that may
      1. Law Number 40 of 2007 concerning Limited Liability                     affect the ability to act independently;
          Companies as amended by Law Number. 6 of 2023                    b. The definition of having a financial relationship,
          concerning the Stipulation of Government Regulation in                management relationship, ownership relationship,
          Lieu of Law Number 2 of 2022 concerning Job Creation                  and/or familial relationship with members of the
          into Law which regulates that:                                        Board of Directors, other members of the Board of
          a. The Company’s Articles of Association may stipulate                Commissioners, and/or controlling shareholder, or
              the presence of 1 (one) or more independent                       relationship with a bank that may affect the ability
              commissioners and 1 (one) delegated commissioner;                 to act independently is guided by the definitions
              and                                                               set forth in the prevailing Laws and Regulations,
          b. Independent commissioners are appointed based on                   specifically the OJK Circular Letter concerning
              GMS resolutions from parties that are not affiliated              Implementation of Governance for Commercial
              with the majority shareholders, members of the                    Banks.
              Board of Directors and/or other members of the            4. OJK Circular No. No. 28/SEOJK.03/2022 dated December
              Board of Commissioners.                                      22, 2022 concerning Risk Management Certification for
      2. OJK Regulation (POJK) No. 33/POJK.04/2014 dated                   Human Resources for Commercial Banks stipulates
          December 8, 2014 concerning the Board of Directors and           that Ownership of a Risk Management Certificate is
          Board of Commissioners or Independent Commissioners              one aspect of assessing competency factors in the fit
          of Public Companies, which stipulates that:                      and proper test for prospective members of the Board
          a. Independent Commissioners are members of the                  of Directors and prospective members of the Board of
              Board of Commissioners from outside the issuer               Commissioners in accordance with OJK provisions
              or public company and fulfill the requirements as            concerning the fit and proper test for the main parties
              an Independent Commissioner as referred to in                of financial service institutions.
              POJK; and


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INDEPENDENT COMMISSIONERS’ STATEMENT OF INDEPENDENCE
All Independent Commissioners do not have financial, management, share ownership and/or familial relationships with
members of the Board of Directors, other members of the Board of Commissioners and/or the controlling shareholders,
or relationships with the Bank that may affect their ability to act independently.

                                             Independent Commissioners’ Independence
                                                                                                                Has no family relationship
                              Has no financial
                                                      Has no management                                             with the Board of
                             relationship with                                       Has no share
                                                      relationship with BNI,                                    Commissioners, Directors,
 Name                           the Board of                                      ownership relationship
                                                     subsidiaries or affiliated                                  and/or fellow members
                            Commissioners and                                            in BNI
                                                            companies                                            of the Nomination and
                                  Directors
                                                                                                                Remuneration Committee
 Pradjoto                            v                              v                          v                               v
 Sigit Widyawan                      v                              v                          v                               v
 Asmawi Syam                         v                              v                          v                               v
 Iman Sugema                         v                              v                          v                               v
 Septian Hario Seto                  v                              v                          v                               v
 Erwin Rijanto                       v                              v                          v                               v



Each Independent Commissioner member has made a statement of independence and has submitted it to OJK as
one of the requirements to take part in the fit and proper test process at OJK. During 2023, the serving Independent
Commissioners were as follows:

INDEPENDENCE APPENDIX

Attachment to the Statement of Independence of the Independent Commissioner




 1.   Pradjoto                                                           2. Sigit Widyawan




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       3. Asmawi Syam                                  4. Iman Sugema




       5. Septian Hario Seto                           6. Erwin RIjanto Slamet




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                                       Board of Directors and Board
                                     of Commissioners Nomination
                                                 and Remuneration

  Nominations:
  Members of the Board of Directors and members of the Board of Commissioners are selected and appointed to
  create diversity, consisting of individuals who have the commitment, knowledge, abilities and expertise needed
  by the Company.

  Remuneration:
  Remuneration is designed to effectively align the interests of members of the Board of Directors and members of
  the Board of Commissioners with the long-term interests of the Company and sustainable value creation.




BOARD OF DIRECTORS AND BOARD OF                                        Board of Commissioners Nomination Procedure
COMMISSIONERS NOMINATION PROCEDURE                                     Board of Commissioners Appointment Process
Board of Directors Nomination Procedure                                The process of appointing prospective members of the
The process of appointing prospective members of the                   Board of Commissioners is carried out in accordance with
Board of Directors is carried out in accordance with the               the statutory regulations which regulate the procedures for
statutory regulations that regulate the procedures for                 appointing members of the Board of Commissioners in the
appointing members of the Board of Commissioners in                    banking and BUMN sectors, in particular:
the banking and SOE sectors, in particular:                            1. Regulation of the Minister of State for State-Owned
1. Regulation of the Minister of State for State-Owned                     Enterprises No. PER-2/MBU/03/2023 dated 03 March
    Enterprises No. PER-2/MBU/03/2023 dated March 03, 2023                 2023 concerning Guidelines for Governance and
    concerning Guidelines for Governance and Significant                   Significant Corporate Activities of State-Owned
    Corporate Activities of State-Owned Enterprises;                       Enterprises;
2. Regulation of the Minister of State for State-Owned                 2. Regulation of the Minister of State for State-Owned
    Enterprises No. PER-3/MBU/03/2023 dated March 20,                      Enterprises No. PER-3/MBU/03/2023 dated March 20,
    2023 concerning Organs and Human Resources of State-                   2023 concerning Organs and Human Resources of State-
    Owned Enterprises;                                                     Owned Enterprises;
3. Financial Services Authority Regulation No. 27/                     3. Financial Services Authority Regulation No. 27/
    POJK.03/2016 dated July 22, 2016 concerning Fit and                    POJK.03/2016 dated July 22, 2016 concerning Fit and
    Conformity Assessment for Main Parties of Financial                    Conformity Assessment for Main Parties of Financial
    Services Institutions and Financial Services Authority                 Services Institutions and Financial Services Authority
    Circular Letter No. 39/ SEOJK.03/2016 dated September                  Circular Letter No. 39/ SEOJK.03/2016 dated September
    13, 2016 concerning Fit and Proper Test for Prospective                13, 2016 concerning Fit and Proper Test for Prospective
    Controlling Shareholders, Prospective Members of the                   Controlling Shareholders, Prospective Members of the
    Board of Directors, and Prospective Members of the                     Board of Directors, and Prospective Members of the
    Board of Commissioners of Banks;                                       Board of Commissioners of Banks;
4. Financial Services Authority Regulation No. 17 of 2023              4. Financial Services Authority Regulation No. 17 of
    dated September 14, 2023 concerning the Implementation                 2023 dated September 14, 2023 concerning the
    of Governance for Commercial Banks and Financial                       Implementation of Governance for Commercial Banks
    Services Authority Circular Letter No. 13/SEOJK.03/2017                and Financial Services Authority Circular Letter no.
    dated March 17, 2017 concerning Implementation of                      13/SEOJK.03/2017 dated March 17, 2017 concerning
    Governance for Commercial Banks;                                       Implementation of Governance for Commercial Banks;
5. Financial Services Authority Regulation No. 33/                     5. Financial Services Authority Regulation No. 33/
    POJK.04/2014 concerning Directors and Board of                         POJK.04/2014 concerning Directors and Board of
    Commissioners of Issuers or Public Companies; And                      Commissioners of Issuers or Public Companies; And
6. BNI's Articles of Association which regulate the                    6. BNI's Articles of Association which regulate
    appointment of members of the Board of Commissioners.                  the appointment of members of the Board of
                                                                           Commissioners.


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      Members of the Board of Commissioners are appointed by           3. Determination of Material RiskTaker (MRT) is categorized
      the GMS which is attended and approved by the Series A              as follows:
      Dwiwarna Shareholders and the meeting decisions must                a. Material RiskTakers (MRT) can be determined using
      be approved by the Series A Dwiwarna Shareholders                       qualitative methods according to the portion of
      considering the provisions in the Articles of Association.              responsibility that influences the main risk profile
      The GMS decision regarding the appointment of members                   which will be determined in accordance with the
      of the Board of Commissioners also determines when the                  risk profile evaluation determined by the Company
      appointment and dismissal will take effect. In the event                every year.
      that the GMS does not determine the appointment as a                b. Determining the MRT category can also be done
      member of the Board of Commissioners will take effect                   quantitatively through a comparison of variable
      from the closing of the GMS. Submission of proposals                    remuneration between MRT and non-MRT
      for prospective members of the Board of Commissioners                   employees, taking into account the performance
      to the GMS through Series A Dwiwarna Shareholders is                    and risk level of the position concerned.
      carried out by taking into account the recommendations           4. Implementation of variable remuneration in accordance
      of the Nomination and Remuneration Committee.                       with regulatory provisions regarding the application of
                                                                          remuneration for commercial banks.
      Financial Services Authority Regulation No. 27/POJK.03/2016
      dated July 22, 2016 concerning Fit and ProperTest for Main       REMUNERATION GOVERNANCE
      Parties of Financial Services Institutions, among other          Board of Directors Remuneration
      things, regulates that prospective members of the Board          The remuneration governance policy states that the
      of Commissioners who are included as Main Parties of BNI         remuneration given to the Board of Directors can be fixed
      which is a Financial Services Institution must obtain approval   or variable. Fixed or variable remuneration is based on
      from the Financial Services Authority before carrying out        business scale, business complexity, peer groups, inflation
      actions, duties and functions as a member of the Board           rates, conditions, and financial capabilities of the Company
      of Commissioners. In order to provide such approval, OJK         and do not conflict with laws and regulations.
      carries out a fit and proper test for prospective members
      of the Board of Commissioners.                                   Regarding the determination of Fixed Remuneration, it
                                                                       observes the difference (gap) of remuneration between
      Members of the Board of Commissioners who have passed            position levels, to prevent potential internal conflicts and
      the fit and proper test without records and have received        operational risks such as fraud or other operational risks.
      approval from the Financial Services Authority, indicate         For the determination of variable remuneration, the Bank
      that the relevant members of the Board of Commissioners          uses the basis of prudent risk taking that refers to the
      have and fulfill the requirements of integrity, competence       provisions of the Financial Services Authority regulating
      and adequate financial reputation.                               Risk Management Implementation for Commercial Banks.
                                                                       In accordance with the Company's Articles of Association,
      PROCEDURE AND IMPLEMENTATION OF                                  members of the Board of Directors are given salaries and
      REMUNERATION OF THE BOARD OF DIRECTORS                           benefits/facilities including tantiem and post-employment
      AND BOARD OF COMMISSIONERS                                       compensation with the type and amount determined by the
      Board of Directors' Remuneration Governance Policy,              GMS by taking into account the provisions of the applicable
      refers to Financial Services Authority Regulation No. 45/        laws and regulations.
      POJK.03/2015 dated December 23, 2015 and Financial
      Services Authority Circular Letter No. 40/SEOJK.03/2016          The Board of Commissioners supervises the remuneration
      concerning the Implementation of Governance in Providing         policies implementation and conducts regular evaluations
      Remuneration for Commercial Banks, as well as Regulation         through the Nomination and Remuneration Committee.
      of the Minister of State-Owned Enterprises Number PER-3/         The Nomination and Remuneration Committee conducts
      MBU/03/2023 concerning Organs and Human Resources                evaluations on the Remuneration Policy based on
      of State-Owned Enterprises.                                      performance, risk, fairness with peer group, targets, and
                                                                       the Bank’s long term strategy, as well as fulfillment of
      In accordance with POJK direction Regulation No. 17 of           reserves as regulated in laws and regulations, and the
      2023 concerning the Implementation of Governance for             Bank’s potential future revenue.
      Commercial Banks, POJK No. 45/POJK.03/2015 and SEOJK
      No. 40/SEOJK.03/2016 Implementation of Governance in
      Providing Remuneration for Commercial Banks, the scope
      of BNI's remuneration policy includes:
      1. The Board of Directors and Board of Commissioners
          receive remuneration and other facilities determined
          based on the GMS Resolution.
      2. The prudence principle in providing performance and
          risk-based remuneration.


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Board of Directors’ Remuneration Determination Procedure
The procedure for determining the Board of Directors’ remuneration is carried out through the following stages:
1. The Nomination and Remuneration Committee evaluates the remuneration policy applicable to the Board of Directors;
2. The Nomination and Remuneration Committee provides recommendations to the Board of Commissioners on the
   remuneration policy for the Board of Directors;
3. The Board of Commissioners submits proposals on the remuneration recommendation in the form of salaries/
   honorarium and tantiem to be approved by the GMS.

                  Process for Determining the Board of Commissioners and Board of Directors Remuneration

                                                                        General Meeting of
     The Nomination and             Letter from the Board of          Shareholders Resolution                                         Board of Commissioners’
  Remuneration Committee          Commissioners to Dwiwarna         regarding the Delegation of           Decree of Dwiwarna            Letter to the Board of
    reviews the proposed             Series A Shareholders         Authority to Dwiwarna Series          Series A Shareholders         Directors regarding the
 remuneration for the Board         regarding the proposed        A Shareholders and the Board       regarding the BNI’s Board of       Determination of the
of Commissioners and Board       remuneration for the Board of    of Commissioners to determine     Commissioners and the Board      Board of Directors and the
of Directors for submission to   Commissioners and the Board        the amount of the Board of        of Directors’ Remuneration      Board of Commissioners’
the Board of Commissioners                of Directors            Commissioners and the Board                                               Remuneration
                                                                    of Directors’ Remuneration



Indicators For Determining The Board Of Directors’ Remuneration
For determining the Board of Directors’ indicators, BNI refers to the Minister of SOEs Regulation No. PER-04/ MBU/2014 concerning
Guidelines for Determining the Board of Directors, Board of Commissioners, and Supervisory Boards of SOEs Remuneration, as
amended several times, most recently by Minister of SOEs Regulation No. PER- 13/MBU/09/2021, and are as follows:
1. Business scale factor;
2. Business complexity factor;
3. Inflation Rate;
4. Company’s condition and financial capability;
5. Other relevant factors, so long as it is not in contradiction to the laws and regulations.

Remuneration Structure For Members Of The Board Of Directors
The remuneration structure for members of the Board of Directors is based on BUMN Ministerial Regulation No. PER-3/
MBU/03/2023 concerning Organs and Human Resources of State-Owned Enterprises, as well as the Letter of the Minister
of BUMN No.SR-25/Wk.2.MBU.A/07/2023 dated July 4, 2023 concerning determination the income of Board of Directors
and Board of Commissioners of PT Bank Negara Indonesia (Persero) Tbk 2023 is as follows:

                                  Remuneration Structure for Members of Board of Directors in 2023
 Type of Remuneration/
                                                                                             Description
 Facility
 Salary
                                        •   President Director is 100%;
 Salary Components                      •   Vice President Director is 90% of the Salary of President Director;
                                        •   Other Directors is 85% of the salary of the President Director.
 Allowances
                                        Members of the Board of Directors are given allowance for Religious Holiday for 1 (one) time salary each
 Religious Holidays
                                        year.
                                        •   Given during term of office;
                                        •   The premium borne by the company is maximum 25% (twenty five percent) of the annual salary;
                                        •   Selecting the post-employment insurance program is determined by each member of the Board of
 Post-Employment Insurance                  Directors and Board of Commissioners, and is coordinated by the unit managing the facilities and
                                            allowances for members of the Board of Directors and members of the Board of Commissioners;
                                        •   Provision of premiums, fees, or other terms relevant to post-employment insurance already includes
                                            premiums for accident and life insurance.
                                        Members of the Board of Directors are given a housing allowance including utility costs, which is
 Housing Allowance                      provided on a monthly basis, the amount of which is determined by the Minister, namely IDR27,500,000.-
                                        per month.




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                                  Remuneration Structure for Members of Board of Directors in 2023
        Type of Remuneration/
                                                                                              Description
        Facility
        Facilities
                                       •     Members of the Board of Directors are provided with 1 (one) official vehicle and 1 (one) driver which can
                                             be used full time by members of the Board of Directors with overtime pay borne by the Company;
                                       •     Vehicle specifications and types are determined by the Company, with a maximum limit of 3,500 cc for oil-
                                             fueled vehicles or a maximum limit of 100 kWh for battery electric vehicles.
        Vehicles
                                       •     Maintenance costs and vehicle operational costs as well as other costs arising in connection with official
                                             vehicle facilities are borne by the Company at cost (at cost);
                                       •     Members of the Board of Directors who ceased serving are required to return their official vehicles to the
                                             Company within a period of no later than 30 (thirty) days.
                                       •     Health facilities are given in the forms of health insurance or reimbursement of medical expenses;
                                       •     Health facilities are provided in the forms of:
                                             a. Health insurance program administered by the Social Security Administering Agency;
                                             b. Outpatient and medicine;
                                             c. Inpatient and medicine;
                                             d. Medical check-up, 1 (one) time every year and taken domestically.
                                       •     Health facilities are provided to members of the Board of Directors as well as husband/wife and a maximum of
        Health                               3 (three) children who have not yet reached the age of 25 (twenty five) years, provided that the child who is not
                                             yet 25 (twenty five) years old has ever been married or have ever worked, the person concerned is not entitled to
                                             health facilities.
                                       •     In the event that the treating doctor provides a referral for treatment abroad, The provision of health facilities can
                                             be provided in full or in part by taking into account the company's financial capabilities.
                                       •     Medical check-ups are provided with the following conditions:
                                             a. medical check-up is provided 1 (one) time every year; And
                                             b. medical check-ups are carried out within the country.
                                       •     Legal assistance facilities are provided to members of the Board of Directors in the event of actions/deeds for and
                                             on behalf of the position of members of the Board of Directors which are related to the aims and objectives and
                                             business activities of the Company;
                                       •     Legal aid facilities are provided by taking into account the principles of fairness, transparency and accountability
                                             in accordance with applicable regulations, as well as taking into account the Company's financial capabilities.
                                       •     Legal aid facilities are provided in the form of:
                                             a. financing legal services which includes the process of providing information, examining witnesses,
                                                 suspects and defendants in judicial institutions until obtaining a decision that has permanent legal force,
                                                 and preparation of related documents relating to this process;
                                             b. financing legal services as a witness or defendant in legal disputes in judicial institutions until obtaining
                                                 a decision that has permanent legal force, and preparation of related documents relating to this process;
        Legal Aid                                And
                                             c. transportation and accommodation costs in connection with the legal process.
                                       •     Legal aid facilities can be charged to the Company only for 1 (one) legal service provider for 1 (one) specific
                                             case.
                                       •     The appointment of legal service providers is carried out by the Company in accordance with the provisions
                                             for the procurement of goods and services that apply to the Company.
                                       •     In the event that a member of the Board of Directors uses a legal service provider of their own choice or is
                                             involved in the process of appointing a legal service provider, whether at the level of inquiry/investigation,
                                             court of first instance, appeal, cassation or judicial review, the costs of the attorney/legal consultant are not
                                             borne/reimbursed by the Company.
                                       •     In the event that a member of the Board of Directors is acquitted/declared not guilty by a court with a
                                             decision that has permanent legal force, then the legal aid facility is at the expense of the Company.




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                            Remuneration Structure for Members of Board of Directors in 2023
 Type of Remuneration/
                                                                                    Description
 Facility
                                 •   As long as the legal matter does not yet have permanent legal force, post-service insurance for members of
                                     the Board of Directors is not paid and is placed in a special account as collateral for legal costs incurred by
                                     the Company.
                                 •   The Company does not provide legal assistance facilities in the event that members of the Board of Directors
                                     become witnesses, suspects or defendants due to criminal proceedings or defendants due to proceedings
                                     other than criminal cases reported by:
                                     a. Company;
                                     b. The State, as a legal entity or State institution or government institution; or
                                     c. Certain parties determined by the GMS/Minister;
                                 •   Members of the Board of Directors who use legal aid facilities must provide a stamped statement stating the
                                     following:
                                     a. that the capacity of members of the Board of Directors in certain cases is not individual;
                                     b. willing to use post-service insurance as collateral for legal costs incurred by the Company;
                                     c. willing to return the costs incurred for providing legal assistance facilities to the Company if it is proven
                                         that the capacity of the member of the Board of Directors concerned in the case is an individual; and
                                     d. willing to replace/refund the costs incurred by the company if a member of the Board of Directors is
                                         found guilty by a court with a decision that has permanent legal force.
                                 •   The company must provide legal assistance facilities to former members of the Board of Directors in
                                     the event of legal problems arising because the person concerned carries out actions/deeds for and
                                     on behalf of their position relating to the aims and objectives and business activities of the Company,
                                     which they carried out while the person concerned served as a member of the Board of Directors .
                                 •   Provisions regarding the provision of legal aid facilities, mutatis mutandis apply to the provision of
                                     legal aid facilities for former members of the Board of Directors.
                                 •   The legal assistance procedures for Directors are carried out in accordance with applicable laws
                                     and regulations, in particular the Regulation of the Minister of State for State-Owned Enterprises
                                     which regulates Guidelines for Determining the Income of Directors, Board of Commissioners and
                                     Supervisory Board of State-Owned Enterprises.
                                 Members of the Directors who are still using housing facilities prior to the enactment of the Ministerial
 Housing Facilities
                                 Regulation, will use these housing facilities until December 31, 2023.




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      TOTAL REMUNERATION NOMINAL/COMPONENT FOR THE BOARD OF DIRECTORS
      The disclosure of the Board of Commissioners and Board of Directors remuneration components refers to OJK Circular
      Letter No. 40/SEOJK.03/2016 concerning Governance Implementation in Providing Remuneration for Commercial Banks.


                                                                                          Remuneration

        No.    Name
                                                                          Religious          Housing           Transportation
                                                       Salary                                                                      Tantiem
                                                                         Allowances         Allowances           Allowances

               Royke Tumilaar
         1                                               √                   √                    √                     X               √
               (President Director)
               Adi Sulistyowati
         2                                               √                   √                    X                     X               √
               (Vice President Director)
               Novita Widya Anggraini
         3                                               √                   √                    X                     X               √
               (Finance Director)
               Corina Leyla Karnalies
         4     (Digital and Integrated Transaction       √                   √                    √                     X               √
               Banking Director)
               Sis Apik Wijayanto
         5     (Enterprise and Commercial Banking        √                   √                    √                     X               √
               Director)
               David Pirzada (Risk Management
         6                                               √                   √                    X                     X               √
               Director)
               Silvano Winston Rumantir
         7     (Wholesale and International              √                   √                    √                     X               √
               Banking Director)
               Ronny Venir
         8                                               √                   √                    X                     X               √
               (Network and Services Director)
               Muhammad Iqbal
         9                                               √                   √                    X                     X               √
               (Institutional Banking Director)
               Putrama Wahju Setyawan
         10                                              √                   √                    √                     X               √
               (Retail Banking Director)
               Mucharom
         11    (Human Capital and Compliance             √                   √                    √                     X               √
               Director)
               Toto Prasetio
         12    (Technology and Operations                √                   √                    √                     X               √
               Director)
               Total (IDR-million)                     53,664              4,472                2,356                   -           224,300

      The annual remuneration grouped by income levels is as                To comply with Article 23 of OJK Regulation No. 45/
      follows.                                                              POJK.03/2015 concerning Governance Implementation
                                                                            when Providing Remuneration in Commercial Banks, the
               Board of Directors Remuneration by Group                     2022 Performance will be paid in 2023 in the amount of
                                                                            10% (ten percent) of the total Tantiem, paid as deferred
        Total                         Board of
                                                     IDR Million            Variable Remuneration to parties who become Material
        Remuneration                  Directors
        Above IDR2 billion                 12          295,587
                                                                            Risk Takers (MRT). Tantiem in the form of deferred Variable
                                                                            Remuneration to all members of the Board of Directors is
        Above IDR1 billion -
                                           -              -                 given in the form of BNI shares.
        IDR2 billion
        Above IDR500
                                           -              -
        million - IDR1 billion                                              The Company may postpone the payment of Variable
        Below IDR500                                                        Deferred Remuneration (Malus) or withdraw the Variable
                                           -              -
        million                                                             Remuneration that has been paid (clawback) to parties
                                                                            who become Material Risk Takers under certain conditions
      Tantiem
      TheTantiem paid in 2023 equated by 1.7% of the Company’s net
      profit for the period January 1, 2022-December 31, 2022, and
      was given to members of the Board of Directors proportionately
      to the President Director, with the President Director receiving
      100%, the Vice President Director receiving 90%, and other
      members of the Board of Directors receiving 85%.



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                                           Other Natura Facilities
                                                                                                                                 Total
                                                          Post-Employment
  Housing (cannot be        Transportation (cannot                                        Health (cannot be
                                                          Insurance (can be
       owned)                     be owned)                                                    owned)
                                                               owned)

             X                         √                             √                              √                              √

              √                        √                             √                              √                              √

              √                        √                             √                              √                              √


             X                         √                             √                              √                              √



             X                         √                             √                              √                              √


              √                        √                             √                              √                              √


             X                         √                             √                              √                              √


              √                        √                             √                              √                              √

              √                        √                             √                              √                              √

             X                         √                             √                              √                              √


             X                         √                             √                              √                              √



             X                         √                             √                              √                              √


           1,554                    10,100                        10,794                           4,169                       295,587

BOARD OF COMMISSIONERS’ REMUNERATION                                         through the Nomination and Remuneration Committee.The
The Board of Commissioners’ Remuneration Governance                          Nomination and Remuneration Committee evaluates the
Policy states that the remuneration given can be fixed and                   Remuneration policy based on performance, risk, fairness
variable.The provision for fixed and variable remuneration                   with peer groups, and the Bank’s goals and long-term
is based on business scale, business complexity, peer                        strategy, fulfillment of reserves, as stipulated in the laws
group, inflation rate, the Company’s condition and financial                 and regulations, and the Bank’s potential future income.
capability, and does not conflict with laws and regulations.
                                                                             Procedure for Determining Remuneration for the Board
The determination of fixed remuneration also takes into                      of Commissioners
account differences (gaps) in remuneration between                           The procedure for determining the Board of Commissioners’
position levels, to prevent potential internal conflicts and                 remuneration is carried out in the following stages:
operational risks such as fraud or other operational risks.                  1. The Nomination and Remuneration Committee
                                                                                 evaluates the remuneration policies applicable to the
Based on the Company’s Articles of Association, members                          Board of Commissioners;
of the Board of Commissioners receive an honorarium                          2. Then the Nomination and Remuneration Committee
and benefits/ facilities including bonuses and retirement                        provides recommendations to the Board of
benefits, the types and amounts of which are determined                          Commissioners regarding the remuneration policy
by the GMS with due observance of the prevailing laws                            for the Board of Commissioners;
and regulations.                                                             3. The Board of Commissioners submits the remuneration
                                                                                 recommendations for salaries/honorarium and tantiem
The Board of Commissioners supervises the implementation                         to the Dwiwarna Series A Shareholder for approval
of the remuneration policy and conducts periodic evaluations                     from the GMS.


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                                        Procedure for Determining Remuneration for the Board of Commissioners

                                                                               General Meeting of
                                                                            Shareholders Resolution
            The Nomination and               Letter from the Board of                                                                      Board of Commissioners’
                                                                            regarding the Delegation
         Remuneration Committee            Commissioners to Dwiwarna                                            Decree of Dwiwarna           Letter to the Board of
                                                                            of Authority to Dwiwarna
           reviews the proposed               Series A Shareholders                                            Series A Shareholders        Directors regarding the
                                                                           Series A Shareholders and
        remuneration for the Board           regarding the proposed                                        regarding the BNI’s Board of      Determination of the
                                                                          the Board of Commissioners
       of Commissioners and Board         remuneration for the Board of                                   Commissioners and the Board     Board of Directors and the
                                                                           to determine the amount of
       of Directors for submission to     Commissioners and the Board                                       of Directors’ Remuneration     Board of Commissioners’
                                                                          the Board of Commissioners
       the Board of Commissioners                  of Directors                                                                                  Remuneration
                                                                           and the Board of Directors’
                                                                                 Remuneration.



      Indicators for Determining Board of Commissioners Remuneration
      The indicators for determining the Board of Commissioners and Board of Directors, the Company refers to Minister of
      SOEs Regulation No. PER-3/MBU/03/2023 concerning Organs and Human Resources of State-Owned Enterprises, and
      includes:
      1. Business scale factor;
      2. Business complexity factor;
      3. Inflation Rate;
      4. Company’s condition and financial capability;
      5. Other relevant factors, so long as not in violation of the laws and regulations.

      Members of the Board Of Commissioners Remuneration Structure
      The remuneration structure for members of the Board of Directors is based on BUMN Ministerial Regulation No. PER-3/
      MBU/03/2023 concerning Organs and Human Resources of State-Owned Enterprises, as well as the Letter of the Minister
      of BUMN No.SR-25/Wk.2.MBU.A/07/2023 dated July 4, 2023 concerning Determination the income of Board of Directors
      and Board of Commissioners of PT Bank Negara Indonesia (Persero) Tbk in 2023, it is as follows:

                                          Remuneration Structure for Members of the Board of Commissioners
        Type of Remuneration/Facility                                                                    Information
        Honorarium
                                                           •   President Commissioner is 45% of the President Director's salary;
        Honorarium Composition                             •   Vice President Commissioner at 42.5% of the President Director's salary;
                                                           •   Commissioners amounting to 90% of the President Commissioner's honorarium.
        Allowances
        Religious Holiday                                  The Board of Commissioners is given a holiday allowance of 1 (one) times the honorarium.
                                                           •   Given during office (from effective appointment until termination);
                                                           •   The premium borne by the Company is 25% (twenty five percent) of salary in one year;
                                                           •   Selection of programs for post-service insurance is determined by the Board of Directors and
        Post-Service Insurance                                 Board of Commissioners, coordinated by the unit that manages facilities and benefits for
                                                               members of the Board of Directors and Board of Commissioners;
                                                           •   Premiums, contributions or other relevant terms for post-service insurance include
                                                               premiums for accident and death insurance.
                                                           The Board of Commissioners is given a transportation allowance of 20% (twenty percent) of the
        Transportation
                                                           honorarium.
        Facilities
                                                           •   Health facilities are provided in the form of health insurance or reimbursement for medical
                                                               expenses
                                                           •   Health facilities are provided in the form of::
                                                               a. Health insurance program administered by the Social Security Administering Agency;
                                                               b. Outpatient care and medication;
                                                               c. Hospitalization and medication;
                                                               d. Medical check-up
        Health                                             •   Health facilities are provided to members of the Commissioners as well as husband/wife
                                                               and a maximum of 3 (three) children who have not reached the age of 25 (twenty five) years,
                                                               provided that the child who is not yet 25 (twenty five) years old has ever been married or If
                                                               you have ever worked, the person concerned is not entitled to health facilities.
                                                           •   In the event that the treating doctor provides a referral for treatment abroad, health facilities
                                                               can be provided in full or in part by taking into account the company's financial capabilities.
                                                           •   Medical check-ups are provided with the following conditions:
                                                               a. medical check-up is given 1 (one) time every year; And
                                                               b. medical check-ups are carried out within the country.




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          Practices          Governance                    Responsibility              Commitment                  Statements




                            Remuneration Structure for Members of the Board of Commissioners
 Type of Remuneration/Facility                                                           Information
                                             •   Legal assistance facilities are provided to members of the Board of Commissioners in the
                                                 event that actions/deeds occur for and on behalf of the position of members of the Board of
                                                 Commissioners which are related to the aims and objectives and business activities of the
                                                 Company.
                                             •   Legal assistance facilities are provided by taking into account the principles of fairness,
                                                 transparency and accountability in accordance with applicable regulations, as well as taking
                                                 into account the Company's financial capabilities.
                                             •   Legal aid facilities are provided in the form of:
                                                 a. financing legal services which includes the process of providing information, examining
                                                     witnesses, suspects and defendants in judicial institutions until obtaining a decision that
                                                     has permanent legal force, and preparation of related documents relating to this process;
                                                 b. financing legal services as a witness or defendant in legal disputes in judicial institutions
                                                     until obtaining a decision that has permanent legal force, and preparation of related
                                                     documents relating to this process; and
                                                 c. transportation and accommodation costs in connection with the legal process.
                                             •   Legal aid facilities can be charged to the Company only for 1 (one) legal service provider for
                                                 1 (one) specific case.
                                             •   The appointment of legal service providers is carried out by the Company in accordance with
                                                 the provisions for the procurement of goods and services that apply to the Company.
                                             •   In the event that a member of the Board of Commissioners uses a legal service provider of
                                                 their own choice or is involved in the process of appointing a legal service provider, whether
                                                 at the level of inquiry/investigation, court of first instance, appeal, cassation or judicial
                                                 review, the costs of the attorney/legal consultant are not borne/reimbursed by the Company.
                                             •   In the event that a member of the Board of Commissioners is acquitted/declared not guilty
                                                 by a court with a decision that has permanent legal force, then the legal aid facilities are at
                                                 the expense of the Company.
                                             •   As long as the legal matter does not yet have permanent legal force, the retirement
                                                 insurance for the Commissioner in question is not paid and is placed in a special account as
 Legal Aid                                       collateral for the legal costs incurred by the Company.
                                             •   The Company does not provide legal assistance facilities in the event that members of
                                                 the Board of Commissioners become witnesses, suspects or defendants due to criminal
                                                 proceedings or defendants due to proceedings other than criminal cases reported by:
                                                 a. Company;
                                                 b. State, as a legal entity or state institution or government institution; or
                                                 c. Certain parties determined by the GMS/Minister;
                                             •   Commissioners who use legal aid facilities must provide a duly stamped statement
                                                 explaining the following:
                                                 a. that the capacity of Commissioners in certain cases is not an individual;
                                                 b. willing to use post-service insurance as collateral for legal costs incurred by the
                                                     Company;
                                                 c. willing to return the costs incurred for providing legal aid facilities to the Company if it is
                                                     proven that the capacity of the member of Commissioners concerned in the case is as an
                                                     individual; and
                                                 d. willing to replace/refund the costs incurred by the company if a member of the
                                                     Commissioner is found guilty by a court with a decision that has permanent legal force.
                                             •   The Company must provide legal assistance facilities to former members of the
                                                 Commissioners in the event of legal problems arising because the person concerned carries
                                                 out actions/deeds for and on behalf of their position relating to the aims and objectives
                                                 and business activities of the Company, which they carried out while the person concerned
                                                 served as a member of the Board of Commissioners.
                                             •   Provisions regarding the provision of legal aid facilities, mutatis mutandis apply to the
                                                 provision of legal aid facilities for former Commissioners.
                                             •   Procedures for legal assistance for members of the Board of Commissioners are carried
                                                 out in accordance with applicable laws and regulations, in particular the Regulation of the
                                                 Minister of State for State-Owned Enterprises which regulates Guidelines for Determining
                                                 the Income of Directors, Board of Commissioners and Supervisory Boards of State-Owned
                                                 Enterprises.




                                                                                           Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   735
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      Nominal/Component For The Board Of Commission
      The disclosure of the Board of Commissioners remuneration components refers to OJKCircular Letter No. 40/SEOJK.03/2016
      concerning Governance Implementation in Providing Remuneration for Commercial Banks. The total remuneration
      nominal/component for the Board of Commissioners in 2023 was as follows:
                                                                                           Remuneration
        No       Name                                                                                    Transportation
                                                     Honorarium                Housing Allowance                             Holiday allowance
                                                                                                           Allowance
                 Agus Dermawan Wintarto
                 Martowardojo1)
             1                                           √                             x                          √                    √
                 (President Commissioner/
                 Independent Commissioner)
                 Pradjoto2)
             2   (President Commissioner/                √                             x                          √                    √
                 Independent Commissioner)
                 Pahala Nugraha Mansury3)
             3                                           √                             x                          √                    √
                 (Vice President Commissioner)
                 Sigit Widyawan
             4                                           √                             x                          √                    √
                 (Independent Commissioner)
                 Askolani
             5                                           √                             x                          √                    √
                 (Commissioner)
                 Fadlansyah Lubis
             6                                           √                             x                          √                    √
                 (Commissioner)
                 Asmawi Syam
             7                                           √                             x                          √                    √
                 (Independent Commissioner)
                 Iman Sugema
             8                                           √                             x                          √                    √
                 (Independent Commissioner)
                 Susyanto
             9                                           √                             x                          √                    √
                 (Commissioner)
                 Septian Hario Seto
         10                                              √                             x                          √                    √
                 (Independent Commissioner)
                 Erwin Rijanto Slamet
         11                                              √                             x                          √                    √
                 (Independent Commissioner)

                 Robertus Billitea
         12                                              √                             x                          √                    √
                 (Commissioner)

                 Total (IDR-Million)                   22,891                          -                        4,578                1,944
        Note:
        1)
          Ceased serving as President Commissioner/Independent Commissioner since September 19, 2023
        2)
           Transfer of assignment from Vice President Commissioner/Independent Commissioner to become the President Commissioner/Independent
        Commissioner since September 19, 2023
        3)
          Served as Deputy Commissioner since September 19, 2023


      The annual remuneration grouped by income levels is as                        To fulfill Article 23 of OJK Regulation No. 45/POJK.03/2015
      follows:                                                                      concerning Governance Implementation when Providing
          Board of Commissioners Remuneration by Group                              Remuneration in Commercial Banks, the 2021 Performance
                                                                                    will be paid in 2023 in the amount of 10% (ten percent) of
        Total                          Board of
                                                         IDR Million                the total Tantiem, paid as deferred Variable Remuneration
        Remuneration                 Commissioners
        Above IDR2 billion                 11                42,741
                                                                                    to parties who become Material Risk Takers (MRT).
        Above IDR1 billion -
                                           11                   -                   Tantiem in the form of deferred Variable Remuneration to
        IDR2 billion
        Above Rp500 million                                                         Non-Independent Members of the Board of Commissioners
                                           11                   -
        - IDR1 billion                                                              is given in the form of BNI shares, while members of the
        Below IDR500                                                                Independent Board of Commissioners it is given in cash,
                                           11                   -
        million                                                                     which is kept in the form of deposits.

      Tantiem                                                                       The Company may postpone the payment of Variable
      TheTantiem paid in 2023 equated to 1,7% of the Company’s                      Deferred Remuneration (Malus) or withdraw the Variable
      net profit for the period January 1, 2022-December                            Remuneration that has been paid (clawback) to parties
      31, 2022, and was given to members of the Board of                            who become Material RiskTakers under certain conditions.
      Commissioners proportionately to the President Director,
      with the President Commissioner receiving 45%, the Vice
      President receiving received 42.5%, and other members of
      the Board of Commissioners receiving 90% of the President
      Commissioner’s tantiem.


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                                             Other Facilities in the Form of Nature
                                                                           Post-Service                                          Total
        Tantiem             Housing          Transportation                                           Health
                                                                            Insurance


            √                    x                   x                          √                         √                         √



            √                    x                   x                          √                         √                         √


            √                    x                   x                          √                         √                         √


            √                    x                   x                          √                         √                         √


            √                    x                   x                          √                         √                         √


            √                    x                   x                          √                         √                         √


            √                    x                   x                          √                         √                         √


            √                    x                   x                          √                         √                         √


            √                    x                   x                          √                         √                         √


            √                    x                   x                          √                         √                         √


            √                    x                   x                          √                         √                         √


            √                    x                   x                          √                         √                         √

         90,699                  -                   -                         4,256                    2,580                   124.370




INFORMATION ON SALARY RATIO OF
BOARD OF DIRECTORS, BOARD                                                BOARD OF COMMISSIONERS
COMMISSIONERS, AND BNI EMPLOYEES                                         AND BOARD OF DIRECTORS’
BNI continues to pay attention to the justice principles                 COMPOSITION DIVERSITY POLICY
to strive for the competitive remuneration to attract and
retain the best talent. BNI's remuneration policy has been               BOARD OF DIRECTORS’ COMPOSITION
adapted to applicable laws and regulations. The following                DIVERSITY POLICY
is the ratio of the highest and lowest salaries at BNI.                  BNI’s Board of Directors diversity policy refers to the
                                                                         recommendations of OJK as outlined in the Appendix to
 About                       2023               2022                     the OJK Circular Letter No. 32/SEOJK.04/2015 concerning
 Above Rp2 billion          38,18 : 1          40,29 : 1                 Guidelines for Public Company Governance. The regulation
                                                                         states that the Board of Directors membership composition
 Above Rp1 billion -
                            1,18 : 1           1,18 : 1                  shouls take into account the composition diversity of the
 Rp2 billion
 Above Rp500                                                             Board of Directors members. The composition diversity of
                            1,11 : 1           1,11 : 1
 million - Rp1 billion                                                   the Board of Directors members should be a combination
 Below Rp500                                                             of desired characteristics both in terms of the organs of the
                            2,50 : 1           2,22 : 1
 million                                                                 Board of Directors, and the individual members of the Board of
                                                                         Directors, in accordance with the needs of a Public Company.
                                                                         Thus, considering the combination of characteristics referred
                                                                         to will have an impact on the accuracy of the nomination
                                                                         process and appointment of individual members of the Board
                                                                         of Directors or the collegial Board of Directors.


                                                                                       Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   737
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      In accordance with Article 5 paragraph (4) letter c.2 of the Company’s Articles of Association, Series A Dwiwarna Shareholders have
      the privilege to nominate candidates as members of the Company’s Board of Directors. Based on Article 11 paragraph (10) of the
      Articles of Association, members of the Board of Directors are appointed and dismissed by the GMS, where the GMS is attended
      by the Series A Dwiwarna Shareholder and the meeting resolution must be approved by the Series A Dwiwarna Shareholder with
      due observance of the provisions in the Articles of Association.


       Board of Directors Composition Diversity
                                                                  Age (years)
        Name                              Position           (as of December 31,                Gender                    Education
                                                                     2023)




                                                                                                                   •   Bachelor’s degree in
                                                                                                                       Economics
        Royke Tumilaar            President Director       59 years                   Male
                                                                                                                   •   Master degree in
                                                                                                                       Finance




                                  Vice President                                                                   Bachelor’s degree in
        Adi Sulistyowati                                   56 years                   Female
                                  Commissioner                                                                     Economics




                                                                                                                   Bachelor’s degree in
        Novita Widya Anggraini    Finance Director         47 years                   Female
                                                                                                                   Economics




                                  Digital and Integrated
                                                                                                                   Bachelor’s degree in
        Corina Leyla Karnalies    Transaction Banking      55 years                   Female
                                                                                                                   Physics
                                  Director




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Determination of the Board of Directors membership composition takes into account the diversity of skills, knowledge and experience
required as referred to in the OJK Recommendation in the Appendix to the OJK Circular Letter No. 32/SEOJK.04/2015 concerning
Guidelines for Public Company Governance, which has been fulfilled by Series A Dwiwarna Shareholders as Shareholders with
are entitled to nominate candidates for members of the Board of Directors.Thus, the Board of Directors composition has met the
aspects of diversity, as reflected in the education, work experience, age and gender, as presented in the following table.




                                           Work Experience                                                                Expertise


 •   Credit Analyst PT Bank Mandiri (Persero) Tbk
 •   Corporate Dealer of PT Bank Mandiri (Persero) Tbk
 •   Relationship Manager - Treasury Division of PT Bank Mandiri (Persero) Tbk
 •   Senior Officer Manager of PT Bank Mandiri (Persero) Tbk
 •   Department Head (Vice President) Corporate Banking PT Bank Mandiri (Persero) Tbk
 •   Holder of authority to decide credit (Group Head level) Commercial Banking) PT Bank Mandiri
     (Persero) Tbk
                                                                                                            Management, Credit, Risk,
 •   Group Head of Regional Commercial Sales II PT Bank Mandiri (Persero) Tbk
                                                                                                            Marketing, Treasury, International,
 •   President Commissioner of PT Staco Jasapratama (General Insurance)
                                                                                                            Procurement, Special Asset, Finance,
 •   Commissioner of PT Mandiri Sekuritas
                                                                                                            Strategic Planning
 •   Group Head of Regional Commercial Sales I PT Bank Mandiri (Persero) Tbk
 •   Director of Treasury, FI & Special Asset Management of PT Bank Mandiri (Persero) Tbk
 •   Director of Corporate Banking of PT Bank Mandiri (Persero) Tbk
 •   Director of Wholesale Banking PT Bank Mandiri (Persero) Tbk
 •   Director of Corporate Banking of PT Bank Mandiri (Persero) Tbk.
 •   President Director of PT Bank Mandiri (Persero) Tbk
 •   President Director of PT Bank Negara Indonesia (Persero) Tbk
 •   Assistant for the Management of Funds and Services of BNI Main Menteng Branch Office of PT
     Bank Negara Indonesia (Persero) Tbk
 •   BNI Marketing Manager Menteng Main Branch Office PT Bank Negara Indonesia (Persero) Tbk
 •   Marketing Manager of BNI Institutional Funds for Institutional Relations and Financial Services
     Division and Institutional Funds of PT Bank Negara Indonesia (Persero) Tbk
 •   AVP Marketing and Sales BNI Financial Services and Institutional Funds Division of PT Bank Negara
     Indonesia (Persero) Tbk
                                                                                                            Marketing & Networking;
 •   VP Marketing and Sales BNI Financial Services and Institutional Funds Division of PT Bank Negara
                                                                                                            Transactional Banking; Credit;
     Indonesia (Persero) Tbk
                                                                                                            Operational Network
 •   Jakarta Senayan Regional Leader PT Bank Negara Indonesia (Persero) Tbk
 •   Director of Network and Services of PT Bank Negara Indonesia (Persero) Tbk
 •   Director of Institutional & Transactional Relations of Banking of PT Bank Negara Indonesia (Persero)
     Tbk
 •   Director of Institutional Relations of PT Bank Negara Indonesia (Persero) Tbk
 •   Director of Service and Network of PT Bank Negara Indonesia (Persero) Tbk
 •   Vice President Director of PT Bank Negara Indonesia (Persero) Tbk
 •   Started a career at PT Bank Mandiri (Persero) Tbk as SR PS Reporting Regulatory
 •   Team Leader Statutory Reporting PT Bank Mandiri (Persero) Tbk
                                                                                                            Strategic and Corporate Plan;
 •   Department Head Financial Reporting PT Bank Mandiri (Persero) Tbk
                                                                                                            Performance Management (Planning
 •   Department Head Performance Management PT Bank Mandiri (Persero) Tbk
                                                                                                            & Budgeting); Finance & Accounting;
 •   Group Head Accounting PT Bank Mandiri (Persero) Tbk
                                                                                                            Risk Management
 •   Group Head Strategy & Performance Management of PT Bank Mandiri (Persero) Tbk
 •   Finance Director of PT Bank Negara Indonesia (Persero) Tbk
 •   Senior Collector/Leader atCitibank
 •   Collection Head at Standard Chartered Bank
 •   Collection & Recovery Head at Bank Universal
 •   Credit Department Manager at Bank Universal
 •   Deputy Card Management at Bank Universal
 •   Operation Credit Card Division Head at Bank Permata
 •   Credit Support & Risk Management Division Head at Bank Niaga
 •   Retail Collection & Recovery Group Head at Bank Niaga
                                                                                                            Consumer Banking; Product
 •   Collection & Recovery Head Consumer Banking at ABN Amro Bank
                                                                                                            Management; Collection; Portfolio
 •   Collection & Recovery Head RBS/A at Amro Bank
                                                                                                            Management
 •   VP Deputy Division Head Operations Credit Card & Acquiring Business at PT Bank Negara Indonesia
     (Persero) Tbk
 •   VP Deputy Division Head Collection Management at PT Bank Negara Indonesia (Persero) Tbk
 •   SVP – Card Business Division at PT Bank Negara Indonesia (Persero) Tbk
 •   SVP – Head of Product Development Management Division at PT Bank Negara Indonesia (Persero) Tbk
 •   SVP - Head of Data Management and Analytic Division PT Bank Negara Indonesia (Persero) Tbk
 •   Consumer Banking Director at PT Bank Negara Indonesia (Persero) Tbk
 •   Digital & Integrated Transaction Banking Director at PT Bank Negara Indonesia (Persero) Tbk




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      Board of Directors Composition Diversity
                                                             Age (years)
        Name                          Position          (as of December 31,              Gender                    Education
                                                                2023)




                                                                                                            •   Bachelor’s degree
                                                                                                                in Commerce
                                                                                                                Administration
                              Enterprise and
                                                                                                            •   Master’s degree in
        Sis Apik Wijayanto    Commercial Banking      62 years                 Male
                                                                                                                Management
                              Director
                                                                                                            •   Doctorate in
                                                                                                                Administrative
                                                                                                                Science




                                                                                                            •   Bachelor of Science
                                                                                                                degree in Electrical
                              Risk Management
        David Pirzada                                 55 years                 Male                             Engineering
                              Director
                                                                                                            •   Master Management
                                                                                                                degree in Business




                              Wholesale and                                                                 •   Bachelor’s degree
        Silvano Winston
                              International Banking   45 years                 Male                         •   Master’s degree in
        Rumantir
                              Director                                                                          Finance




                                                                                                            •   Bachelor Degree in
                              Network and Service                                                               Animal Husbandry
        Ronny Venir                                   56 years                 Male
                              Director                                                                      •   Master’s Degree in
                                                                                                                Agribusiness




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                                          Work Experience                                                                 Expertise


 •   Staff I Surabaya Branch Office Kaliasin at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Staff II Jakarta Kebayoran Baru Branch Office at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Marketing and Lending Officer of Kediri Branch Office at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Mamuju Branch Leader at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Kendari Branch Leader at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Lumajang Branch Leader at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Kediri Branch Leader at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Jakarta Veteran Branch Leader PT Bank Rakyat Indonesia (Persero) Tbk
 •   Deputy Leader of Padang Regional PT Bank Rakyat Indonesia (Persero) Tbk
                                                                                                           Strategic Management; Hubungan
 •   Deputy Leader of Pekanbaru Regional at PT Bank Rakyat Indonesia (Persero) Tbk
                                                                                                           Kelembagaan; Operasional
 •   Deputy Leader of Yogyakarta Region at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Special Branch Leader at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Banjarmasin Regional Leader at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Jakarta Regional Leader 2 at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Director of Funding & Distribution at PT Bank Tabungan Negara (Persero) Tbk
 •   Consumer Director at PT Bank Rakyat Indonesia (Persero) Tbk
 •   Director of Institutional & SOE Relations PT Bank Rakyat Indonesia (Persero) Tbk
 •   Institutional Banking Director at PT Bank Negara Indonesia (Persero) Tbk
 •   Enterprise & Commercial Banking Director at PT Bank Negara Indonesia (Persero) Tbk
 •   Account Officer The Bank of Tokyo – Mitsubishi UFJ Ltd
 •   Senior Analyst The Bank of Tokyo – Mitsubishi UFJ Ltd
 •   Co-Head of Commercial Portfolio Administration The Bank of Tokyo – Mitsubishi UFJ Ltd
 •   Head of Commercial Portfolio Administration at The Bank of Tokyo
 •   Head of Credit and Market Middle Department at The Bank of Tokyo                                      Credit Risk
 •   Head of Risk Administration Departement at The Bank of Tokyo
 •   Country Chief Risk Officer at The Bank of Tokyo
 •   SEVP Wholesale Risk at PT Bank Mandiri (Persero) Tbk
 •   Risk Management Director at PT Bank Negara Indonesia (Persero) Tbk
 •   Graduate Program Analyst ANZ Melbourne
 •   Senior Analyst, Bank & Country Risk Management ANZ Melbourne
 •   Structured Export Finance Manager Australia ANZ Sydney
 •   Structured Export Senior Manager Finance Asia Pacific ANZ Singapura
 •   Associate Director Project & Export Finance Asia Pacific HSBC Hong Kong
 •   Director & Head of Debt Capital Market Indonesia HSBC Indonesia
                                                                                                           Finance; Capital Market; Corporate
 •   President Director PT Deutsche Securities Indonesia
                                                                                                           Banking
 •   Director, Corporate Finance Indonesia Coverage Deutsche Bank Singapore
 •   President Director PT Mandiri Sekuritas
 •   Senior Executive Vice President Corporate Banking PT Bank Mandiri (Persero) Tbk
 •   Director Finance and Strategy PT Bank Mandiri (Persero) Tbk
 •   Director of Corporate & International Banking PT Bank Negara Indonesia (Persero) Tbk
 •   Wholesale & International Banking Director at PT Bank Negara Indonesia (Persero) Tbk
 •   Business Marketing Manager of Tebet Branch Office at PT Bank Negara Indonesia (Persero) Tbk
 •   Supervisor of Marketing Products of the Pecenongan Branch Office at PT Bank Negara Indonesia
     (Persero) Tbk
 •   Business Service Coordination Service Manager at PT Bank Negara Indonesia (Persero) Tbk
 •   Partnership & Program Marketing Manager at PT Bank Negara Indonesia (Persero) Tbk
 •   Relationship Manager of Small Business Marketing Small Business Division at PT Bank Negara
     Indonesia (Persero) Tbk
 •   AVP Small Business Marketing Small Business Division at PT Bank Negara Indonesia (Persero) Tbk
 •   Leader of the Small Business Division Business Development Group at PT Bank Negara Indonesia
     (Persero) Tbk
                                                                                                           Management; Credit and risk
 •   Leader of Graha Pangeran Surabaya Small Credit Center at PT Bank Negara Indonesia (Persero) Tbk
 •   Deputy Leader of Small Business Business Division at PT Bank Negara Indonesia (Persero) Tbk
 •   Deputy Leader of Commercial & Small Business Division at PT Bank Negara Indonesia (Persero) Tbk
 •   Business Leader Banking Palembang Regional Office at PT Bank Negara Indonesia (Persero) Tbk
 •   Regional Office Leader 02 (West Sumatra, Riau, Kepri) at PT Bank Negara Indonesia (Persero) Tbk
 •   Regional Office Leader 12 (Jakarta City) at PT Bank Negara Indonesia (Persero) Tbk
 •   Leaders of the Small Business Business Division at PT Bank Negara Indonesia (Persero) Tbk
 •   SEVP Medium Business at PT Bank Negara Indonesia (Persero) Tbk
 •   SEVP Network at PT Bank Negara Indonesia (Persero) Tbk
 •   Network & Services Director at PT Bank Negara Indonesia (Persero) Tbk




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      Board of Directors Composition Diversity
                                                                   Age (years)
        Name                              Position            (as of December 31,              Gender                    Education
                                                                      2023)




                                                                                                                  •   Bachelor’s degree in
                                                                                                                      Engineering
                                  Institutional Banking
        Muhammad Iqbal                                      50 years                 Male                         •   Master’s in General
                                  Director
                                                                                                                      Management
                                                                                                                  •   Master’s in Business




                                                                                                                  •   Bachelor’s degree in
        Putrama Wahju Setyawan    Retail Banking Director   54 years                 Male                             Forestry
                                                                                                                  •   Master of Accounting




                                                                                                                  •   Bachelor’s degree in
                                  Human Capital and                                                                   Economics
        Mucharom                                            54 years                 Male
                                  Compliance Director                                                             •   Master of
                                                                                                                      Management Degree




                                                                                                                  •   Vordiplom Mechanical
                                  Technology and                                                                      Engineering
        Toto Prasetio                                       57 years                 Male
                                  Operations Director                                                             •   Mechanical
                                                                                                                      Engineering Dipl.-In




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                                          Work Experience                                                              Expertise


 •   Business Analyst Coca Cola Amatil Indonesia
 •   Senior Consultant at Accenture
 •   Marketing Planning & Analysis Manager at Bentoel Prima
 •   General Manager Business Insight Planning & Development at Charoen Pokphand
 •   Assistant Vice President Head of Co-Brand Products at Citibank Indonesia
 •   Senior Vice President Cards Segment & Product at HSBC Indonesia
 •   Senior Vice President Consumer Credit Policy & Portfolio Management
                                                                                                        Strategic Management; Risk
 •   Project Manager Tim Task Force Consumer & Retail Business Risk at PT Bank Negara Indonesia
                                                                                                        Management; Credit Underwriting;
     (Persero) Tbk
                                                                                                        Customer Relationship Management;
 •   Head of the Consumer & Retail Business Risk Division at PT Bank Negara Indonesia (Persero) Tbk
                                                                                                        Marketing Management;
 •    Head of Consumer Product Management Division at PT Bank Negara Indonesia (Persero) Tbk
                                                                                                        Management Consulting; Product
 •   Head of Consumer Banking Business at PT Bank Muamalat (Persero) Tbk
                                                                                                        Management; Business Banking;
 •   Senior Vice President Group Head Retail Product & Transaction Risk at PT Bank Mandiri (Persero)
                                                                                                        Consumer Retail Banking
     Tbk
 •   Senior Vice President Group Head Small Medium Enterprise & Micro Risk at PT Bank Mandiri
     (Persero) Tbk
 •   Senior Vice President Group Head Small Medium Enterprise Banking at PT Bank Mandiri (Persero)
     Tbk
 •   Enterprise & Commercial Banking Director at PT Bank Negara Indonesia (Persero) Tbk
 •   Institutional Banking Director at PT Bank Negara Indonesia (Persero) Tbk
 •   Medium Business SEVP PT Bank Negara Indonesia (Persero) Tbk
 •   Medium Business Director of PT Bank Negara Indonesia (Persero) Tbk
 •   Corporate Business Director of PT Bank Negara Indonesia (Persero) Tbk
                                                                                                        Special Asset Management, Credit,
 •   Director of Treasury and International PT Bank Negara Indonesia (Persero) Tbk
                                                                                                        Treasury
 •   President Director of PT Jaminan Kredit Indonesia
 •   Director of Treasury PT Bank Negara Indonesia (Persero) Tbk
 •   Retail Banking Director at PT Bank Negara Indonesia (Persero) Tbk
 •   Deputy Head of Operational Risk Division
 •   Head of Network & Services at Makassar Regional Office
                                                                                                        Human Capital; Risk Management;
 •   Head of Makassar Regional Office
                                                                                                        Banking Operations; International
 •   General Manager at BNI Hong Kong
                                                                                                        Banking; Corporate Finance dan
 •   Head of the Policy Governance Division
                                                                                                        Strategic Management; Corporate
 •   Head of Strategic Planning Division
                                                                                                        Communication
 •   Senior Vice President of Corporate Communication & Secretariat Division
 •   Human Capital & Compliance Director at PT Bank Negara Indonesia (Persero) Tbk
                                                                                                        Information Technology (IT Strategy;
                                                                                                        Solution Architect; IT Project
                                                                                                        Management; IT Project Delivery; IT
 •   Head of IT Project Management at PT Bank Mega Tbk
                                                                                                        Applications Support; IT Security; IT
 •   Group Head IT Application Support at PT Bank Mandiri (Persero) Tbk
                                                                                                        Infrastructure); Banking Operations
 •   SEVP Information Technology at PT Bank Mandiri (Persero) Tbk
                                                                                                        (Business Process Reengineering;
 •   Technology & Operations Director at PT Bank Negara Indonesia (Persero) Tbk
                                                                                                        Operation Transformation;
                                                                                                        Transaction Banking & Operation;
                                                                                                        Credit Administration)




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      BOARD OF COMMISSIONERS’ COMPOSITION DIVERSITY POLICY
      The diversity of the composition of BNI's Board of Commissioners is an essential part of BNI's efforts to implement Good
      Corporate Governance. The policy on diversity in the composition of the Board of Commissioners is also in line with the
      mandate of the Financial Services Authority as stated in the Financial Services Authority's recommendations contained
      in the Attachment to the Financial Services Authority Circular Letter No. 32/SEOJK.04/2015 dated November 27, 2015
      concerning Public Company Governance Guidelines. Through this Circular Letter, the Financial Services Authority stated
      that the Board of Commissioners composition should be a combination of characteristics both in terms of the organs of
      the Board of Commissioners and individual members of the Board of Commissioners, in accordance with the needs of
      the Public Company.These characteristics can be reflected in the expertise, knowledge and experience needed in carrying
      out supervisory and advisory duties by the Board of Commissioners of a Public Company. A composition that takes into
      account the needs of the Public Company is a positive thing, especially regarding decision making for implementing the
      supervisory function, which has to be carried out after considering a wider range of aspects.

      Board of Commissioners Composition Diversity
                                                                 Age (years)
        Name                             Position            (as of 31 December              Gender                     Education
                                                                     2023)




                                 President Commissioner/
       Agus Dermawan Wintarto                                                                                   Bachelor’s degree in
                                 Independent               67 years                Male
       Martowardojo1)                                                                                           Economics
                                 Commissioner




                                 Vice President                                                                 •   Bachelor’s degree in
                                 Commissioner/                                                                      Law
       Pradjoto 2)
                                                           70 years                Male
                                 Independent                                                                    •   Master’s degree in
                                 Commissioner                                                                       Economics




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          Practices          Governance                Responsibility           Commitment                  Statements




In accordance with Article 5 paragraph (4) letter c.2 of the Company’s Articles of Association, Series A Dwiwarna Shareholders
have the privilege to nominate candidates as members of the Company’s Board of Commissioners. Based on Article
14 paragraph (12) of the Articles of Association, members of the Board of Commissioners are appointed and dismissed
by the GMS, where the GMS is attended by the Series A Dwiwarna Shareholder and the meeting resolution must be
approved by the Series A Dwiwarna Shareholder with due observance of the provisions in the Articles of Association.

Determination of the Board of Commissioners membership composition takes into account the combination of characteristics
in terms of the organs of the Board of Commissioners and members of the Board of Commissioners individually, based
on the recommendations made by OJK in their Circular Letter No. 32/SEOJK.04/2015 concerning Guidelines for Public
Company Governance, which has been fulfilled by Series A Dwiwarna Shareholders as Shareholders with are entitled
to nominate candidates for members of the Board of Commissioners. Thus, the current the Board of Directors diversity
composition reflecting the education, work experience, age and gender, as presented in the following table:




                                                  Work Experience                                                                Expertise

•   International Loan Officer, Bank of America NT & SA
•   Assistant Vice President of Business & Risk Management Division Head, Corporate Banking Group Bank Niaga
•   Area II of East Java-Bali Vice President, Corporate Banking Head of Surabaya Bank Niaga
•   Area II of East Java-Bali Vice President, Regional Commercial Banking Head Area II Surabaya Bank Niaga
•   Vice President Corporate Banking Group Head of Bank Niaga
•   Deputy CEO Maharani Holding
•   President Director of PT Bank Bumiputera
•   President Director of PT Bank Export Impor Indonesia (Persero)
•   Managing Director of Risk Management and Credit Restructuring PT Bank Mandiri (Persero) Tbk
•   Managing Director of Retail Banking and Operation Coordinator of PT Bank Mandiri (Persero) Tbk
•   Managing Director of Human Resources and Support Services PT Bank Mandiri (Persero) Tbk                                  Economics
•   Advisor to Chairman of IBRA
•   President Director of PT Bank Permata Tbk
•   President Director of PT Bank Mandiri (Persero) Tbk
•   Minister of Finance of the Ministry of Finance of the Republic of Indonesia
•   Governor of Bank Indonesia
•   Commissioner of PT AKR Corprindo Tbk
•   President Commissioner of PT Tokopedia
•   President Commissioner of PT Sarana Multi Infrastruktur (Persero)
•   President Commissioner PT GoTo Gojek Tokopedia Tbk
•   President Commissioner/Independent Commissioner of PT Bank Negara Indonesia (Persero) Tbk
•   Professional Staff of PT Bank Pembangunan Indonesia (Bapindo)
•   Research Associate Institute of Economic Research Kyoto University
•   Founder/Leader of Pradjoto & Associates Advocates and Legal Consultant
•   Postgraduate Management Program Management Lecturer, Atmajaya University, Yogyakarta
•   Member of Sub Commission E of the Republic of Indonesia National Law Commission
•   Member of the National Ombudsman Commission
•   Members of the Capital Market Legal Consultant Association (HKHPM)
•   Members of the Corruption Criminal Act Team (TGTPK)
•   Chairman of the Ombudsman IBRA
•   Independent Commissioner of Bank International Indonesia
•   Members of the Indonesian Advocate Association (Peradi)                                                                  •   Law
•   Board of Ethics Code of Risk Management Certification Agency (BSMR)                                                      •   Economics
•   Independent Commissioner of PT Bank Mandiri (Persero) Tbk
•   Chairperson of the National Bank Bank Association Code of Ethics (Perbanas)
•   Indonesian Banker Association Advisory Board (IBI)
•   Indonesian International Bank Senior Advisor
•   Independent Commissioner of PT Mahaka Media Tbk
•   Chairman of the Banking Business Ethics Supervisory Board of the National Bank-Bank Association (Perbanas)
•   Member of the Indonesian Banker Association Supervisory Agency (IBI)
•   Vice President Commissioner/ Independent Commissioner of PT Bank Negara Indonesia
•   President Commissioner of PT Panah Perak Megasarana
•   President Commissioner/Independent Commissioner of PT Bank Negara Indonesia (Persero) Tbk




                                                                                    Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   745
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      Board of Commissioners Composition Diversity
                                                            Age (years)
        Name                               Position     (as of 31 December              Gender                     Education
                                                                2023)




                                                                                                           •   Bachelor’s Degree in
                                   Vice President
       Pahala Nugraha Mansury3)                       52 years                Male                             Economics
                                   Commissioner
                                                                                                           •   MBA




                                                                                                           •   Bachelor’s Degree in
                                   Independent                                                                 Economics
       Sigit Widyawan4)                               58 years                Male
                                   Commissioner                                                            •   Master’s Degree in
                                                                                                               Accounting




                                                                                                           •   Bachelor’s Degree in &
                                                                                                               Development Studies
       Askolani                    Commissioner       57 years                Male
                                                                                                           •   Master’s Degree in
                                                                                                               Economics




                                                                                                           •   Bachelor’s Degree in
                                                                                                               Law
       Fadlansyah Lubis            Commissioner       56 years                Male                         •   Master’s Degree in
                                                                                                               Law
                                                                                                           •   PhD in Law




                                                                                                           •   Bachelor’s Degree in
                                   Independent                                                                 Economics
       Asmawi Syam                                    68 years                Male
                                   Commissioner                                                            •   Master’s Degree in
                                                                                                               Economics




                                                                                                           •   Bachelor’s Degree in
                                                                                                               Agribusiness
                                   Independent
       Iman Sugema                                    59 years                Male                         •   Master’’s Degee in
                                   Commissioner
                                                                                                               Economics
                                                                                                           •   PhD In Economics




                                                                                                           •   Bachelor’s Degree in
                                                                                                               Civil Law
       Susyanto                    Commissioner       61 years                Male
                                                                                                           •   Master’s Degree in
                                                                                                               Law




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          Practices            Governance                 Responsibility           Commitment                   Statements




                                                      Work Experience                                                                Expertise

•   Senior Vice President Economic & Financial Research Group Head PT Bank Mandiri (Persero) Tbk
•   Senior Vice President Corporate Development Group Head PT Bank Mandiri (Persero) Tbk
•   Senior Vice President Accounting Group Head and concurrently Senior Vice President Change Management Office PT
    Bank Mandiri (Persero) Tbk
•   Executive Vice President Finance & Strategy Coordinator PT Bank Mandiri (Persero) Tbk
•   Director of Finance & Treasury Strategy PT Bank Mandiri (Persero) Tbk
•   Director of Treasury & Market of PT Bank Mandiri (Persero) Tbk                                                               •   Accountancy
•   President Director of PT Garuda Indonesia (Persero) Tbk                                                                      •   Finance
•   President Commissioner of PT Citilink Indonesia                                                                              •   Banking
•   Finance Director of PT Pertamina (Persero)
•   President Director of PT Bank Tabungan Negara (Persero)
•   Deputy Minister of SOE
•   Deputy Commissioner of Pertamina
•   Deputy Minister of Foreign Affairs
•   Deputy President Commissioner of PT Bank Negara Indonesia (Persero) Tbk
•   Head of Taxation Section - Concrete Product Division of PT Wijaya Karya (Persero)
•   Head of Finance Section of PT Wijaya Karya Beton Tbk
                                                                                                                                 •   Economics
•   Director of Jati Roda Finance Group
                                                                                                                                 •   Financial
•   Director of PT Roda Pembangunan Jaya
                                                                                                                                     Accounting
•   Independent Commissioner of PT Jasamarga (Persero) Tbk
•   Independent Commissioner of PT Bank Negara Indonesia (Persero) Tbk
•   Head of Routine Expenditure Analysis Division of State Expenditure Analyst Center, Fiscal Analysis Agency for the
    Ministry of Finance
•   Lecturer in the Masters Program and Public Policy Planning, Postgraduate Faculty of Economics, University of Indonesia
•   Head of Sub Directorate of the Preparation of the Central Government Budget of the Directorate of APBN Preparation,
    Directorate General of Budget and Financial Balance of the Ministry of Finance
•   Head of Formulation of State Expenditure Policy Recommendations Center for State Expenditures, Fiscal Policy Agency
    for the Ministry of Finance
•   Head of PNBP Policy Division of APBN Policy Center, Ministry of Finance Fiscal Policy Agency
•   Head of APBN Policy Center, Ministry of Finance Fiscal Policy Agency
                                                                                                                           Economics
•   Director of PNPB Directorate of PNPB, Directorate General of Budget of the Ministry of Finance
•   Alternate Governor of the OPEC Fund for Indonesia OPEC Fund for International Development (OFID), Austria.
•   Governor of the OPEC Fund for Indonesia OPEC Fund for International Development (OFID), Austria
•   Commissioner of PT Pertamina Gas
•   Commissioner of PT Angkasa Pura I (Persero)
•   Commissioner of PT Bank Mandiri (Persero) Tbk
•   Director General of Budget of the Directorate General of Budget of the Ministry of Finance
•   Director General of Customs and Excise Directorate General of Customs and Excise of the Ministry of Finance
•   Independent Commissioner of PT Bank Negara Indonesia (Persero) Tbk

•   Expert Staff for Law and International Relations
•   Deputy for Politics, Law and Security, RI Cabinet Secretariat
                                                                                                                                 Law
•   Deputy Secretary of the Cabinet, RI Cabinet Secretariat
•   Commissioner of PT Bank Negara Indonesia (Persero) Tbk

•   Corporate Division Leader of PT Bank Rakyat Indonesia (Persero) Tbk
•   BRI Denpasar Regional Leader PT Bank Rakyat Indonesia (Persero) Tbk
•   BRI Bandung Regional Leader PT Bank Rakyat Indonesia (Persero) Tbk
•   Head of Consumer Banking Division of PT Bank Rakyat Indonesia (Persero) Tbk
•   Head of PT Bank Rakyat Indonesia (Persero) Tbk Public Business Division
•   Director of the Institutional Business and BUMN PT Bank Rakyat Indonesia (Persero) Tbk
                                                                                                                                 Economics
•   President Director of PT Bank Rakyat Indonesia (Persero) Tbk
•   President Director of PT Askrindo (Persero)
•   President Director of PT Asuransi Jiwasraya (Persero)
•   Special Staff of the Minister of BUMN, Ministry of SOEs
•   Non -Independent President Commissioner PT Bank Tabungan Negara (Persero) Tbk
•   Independent Commissioner of PT Bank Negara Indonesia (Persero) Tbk

•   Senior Lecturer (Head Lecturer) at Institusi Pertanian Bogor
                                                                                                                                 •   Agribusiness
•   President Commissioner/Independent Commissioner of PT Perusahaan Gas Negara (Persero) Tbk
                                                                                                                                 •   Economics
•   Commissioner of PT Bank Tabungan Negara (Persero) Tbk
•   Independent Commissioner of PT Bank Negara Indonesia (Persero) Tbk

•   Head of the Directorate General of Oil and Gas Documentation Subdivision
•   Head of Subdivision of the Formulation of the Directorate General of Oil and Gas Directorate General
•   Head of Sub Division of Consideration of the Directorate General of Oil and Gas
•   Head of Legal and Legislation Section of the Directorate General of Oil and Gas
•   Head of State Property Management Center Secretariat General of the Ministry of Energy and Mineral Resources
•   Head of the Legal and Public Relations Bureau of the Ministry of Energy and Mineral Resources                                Law
•   Head of Legal Bureau of Secretariat General of the Ministry of Energy and Mineral Resources
•   Secretary of the Directorate General of Oil and Gas Directorate General of Oil and Gas
•   Head of State Property Management Center Secretariat General of the Ministry of Energy and Mineral Resources
•   Secretary of the Ministry of State -Owned Enterprises
•   Commissioner of PT Bank Negara Indonesia (Persero) Tbk


                                                                                        Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   747
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      Board of Commissioners Composition Diversity
                                                                                    Age (years)
        Name                                        Position                    (as of 31 December                         Gender                            Education
                                                                                        2023)




                                                                                                                                                   •    Bachelor’s Degree in
                                          Independent                                                                                                   Accounting
       Septian Hario Seto                                                    39 years                           Male
                                          Commissioner                                                                                             •    Master’s Degree in
                                                                                                                                                        International Finance




                                                                                                                                                   •    Bachelor’s Degree in
                                          Independent                                                                                                   Economics
       Erwin Rijanto Slamet                                                  65 years                           Male
                                          Commissioner                                                                                             •    Master’s Degree in
                                                                                                                                                        Economics




                                                                                                                                                   •    Bachelor’s Degree in
                                                                             57 years as of December                                                    Law
       Robertus Billitea   5)
                                          Commissioner                                                          Male
                                                                             31, 2023                                                              •    Master’s Degree in
                                                                                                                                                        Law




       Information:
       1)
         Ceased serving as President Commissioner/Independent Commissioner on September 19, 2023
       2)
          Transfer of assignment as a representative of the President Commissioner/Independent Commissioner to become the President Commissioner/Independent Commissioner
       on September 19, 2023, and in the OJK Fit and Proper Test process as President Commissioner/Independent Commissioner
       3)
          Served as Vice President Commissioner since September 19, 2023 in the OJK Fit and Proper Test Process as Vice President Commissioner
       4)
          Ceased serving as Independent Commissioner on March 15, 2023, was reappointed as Independent Commissioner on March 15, 2023 and has been effective since March 15,
       2023 in accordance with Financial Services Authority Circular Letter No. 39/SEOJK.03/2016 dated September 13, 2016 concerning Fit and Proper Test for Prospective Controlling
       Shareholders, Prospective Members of the Board of Directors, and Prospective Members of the Bank's Board of Commissioners
       5)
          Served as Commissioner since March 15, 2023 and effective based on OJK approval from September 11, 2023




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                                                     Work Experience                                                                 Expertise

•   Teacher and Researcher of the Department of Accounting, Faculty of Economics and Business, Universitas Indonesia
•   Ciptadana Asset Management Investment Analyst
•   Junior Pricewaterhousecopers (PWC) Indonesia auditors
•   Principia Management Group Analyst
•   Financial Manager of PT Toba Bara Sejahtera Tbk
•   Director/Echelon II Staff Office of the President of the Republic of Indonesia
                                                                                                                                 Accountancy
•   Experts Coordinating Minister for Politics, Legal and Security Affairs Coordinating Ministry for Politics, Legal and
                                                                                                                                 Finance
    Security
•   Experts Coordinating Minister for Maritime Affairs Coordinating Ministry for Maritime Affairs
•   Special Staff of the Coordinating Minister for Maritime Affairs and Investment in the Coordinating Ministry for Maritime
    Affairs and Investment
•   Deputy for Investment and Mining Coordinating Ministry for Coordinating Ministry for Maritime Affairs and Investment
•   Independent Commissioner of PT Bank Negara Indonesia (Persero) Tbk
•   Head of Bank Indonesia's Non -Foreign Exchange Supervision Section
•   Deputy Head of the Department of Foreign Affairs/ INDRA Bank Indonesia
•   Head of Bank Indonesia Examination Affairs Section
•   Executive Analyst of the Department of Research and Regulation of the Bank, Bank Indonesia
•   Head of Public Relations of the Governor of Bank Indonesia Bureau
•   Deputy Head of Bank Indonesia Governor Bureau
•   Main Researcher of the Department of Research and Regulation of the Bank, Bank Indonesia
•   Deputy Director of Bank Supervision Department 3, Bank Indonesia
•   Director of Bank Supervision Department 3, Bank Indonesia                                                                    Economics
•   Director of the Singapore Bank Indonesia Representative Office
•   Executive Director of the Bank Indonesia Financial System Surveillance Department
•   Executive Director of Bank Indonesia Macroprudential Policy Department
•   Members of the Board of Commissioners of the Ex Officio Deposit for Bank Indonesia Depositors of Deposit Insurance
    Corporation
•   Deputy Governor of Bank Indonesia
•   President Commissioner Lintasarta
•   Independent Commissioner of PT Bank Negara Indonesia (Persero) Tbk
•   Litigation Lawyer Soemarjono Herman & Partners Law Firm
•   Senior Legal Officer PT BBL Dharmala Finance Tbk. Subsidiary of Bangkok Bank Limited
•   Legal Head PT Profilindo Finance/Nexus Group
•   Corporate Secretary of Nexus Group
•   Legal Director Indonesian Restructuring Banking Agency/BPPN
•   Board of Commissioners of PT Bank Lippo Tbk
•   Founder/Senior Partner Law Firm Radjiman Billitea & Partner                                                                  •   Law
•   Executive Director of the Legal and Deposit Insurance Corporation                                                            •   Finance
•   Independent Commissioner of PT Bank Mandiri (Persero) Tbk
•   President Director of PT Bahana Indonesian Business Development (Persero)
•   President Commissioner of PT Bahana Sekuritas
•   Commissioner of PT Bahana Mitra Investa
•   Deputy for Law and Legislation at the Ministry of State-Owned Enterprises
•   Commissioner of PT Bank Negara Indonesia (Persero) Tbk (2023-present)




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      Organs Under
      The Board Of Commissioners

      In carrying out the supervisory function for the Company's   Through Minister of State-Owned Enterprises Regulation No.
      management by the Board of Directors, the Board of           PER-3/MBU/03/2023 dated 20 March 2023 concerning Organs
      Commissioners has supporting organs consisting of the        and Human Resources of State-Owned Enterprises, stipulates
      Secretary to the Board of Commissioners, Audit Committee,    that the Board of Commissioners must form a Secretariat of
      Remuneration and Nomination Committee, Risk Monitoring       the Board of Commissioners led by a secretary of the Board
      Committee, and Integrated Governance Committee.              of Commissioners and assisted by staff of the Secretariat
                                                                   of the Board of Commissioners. The Secretary of the SOE
      SECRETARY TO THE BOARD                                       Board of Commissioners and the staff of the Secretariat of
      OF COMMISSIONERS                                             the Board of Commissioners come from outside the SOE
                                                                   concerned, and are appointed and dismissed by the SOE
      To support the functions and effectiveness of the Board      Board of Commissioners.
      of Commissioners, they are assisted by the Secretary
      to the Board of Commissioners who is appointed and           GUIDELINES AND WORK CONDUCT
      directly responsible to the Board of Commissioners           The Board of Commissioners issued a Decision Letter No.
      based on BNI's Articles of Association. The Secretary to     KEP/041/DK/2017 dated September 28, 2017, concerning
      the Board of Commissioners of BNI comes from outside         Guidelines and Work Conduct of the Board of Commissioners
      the Company, and is appointed and dismissed by the Board     Secretariat that regulates the following matters:
      of Commissioners based on a Board of Commissioners           1. Appointment and Position of Secretary to the Board of
      Decree and reports directly to the Board of Commissioners.       Commissioners;
      The Secretary to BNI’s Board of Commissioners oversees       2. Term of Office of the Secretary to the Board of
      the Board of Commissioners’ Secretariat, which is formed         Commissioners, who is from outside the bank, and the
      and tasked with assisting and supporting the smooth              Board of Commissioners’ Secretariat Staff;
      activities and duties of the Board of Commissioners.         3. Requirements for Secretary to the Board of Commissioners;
      In carrying out its duties, the Secretary to the Board of    4. Remuneration of the Secretary to the Board of
      Commissioners, who is from outside the Company, is               Commissioners, who is from outside the bank, and the
      assisted by the Board of Commissioners Secretarial Staff,        Board of Commissioners’ Secretariat Staff;
      and Staff who are internal staff of the Bank.                5. Duties of the Secretariat and Secretary to the Board of
                                                                       Commissioners;
      LEGAL BASIS FOR FORMATION                                    6. Access to and confidentiality of information;
      The implementation of the duties of the Secretary of the     7. Working time of the Secretary to the Board of
      Board of Commissioners and the Secretariat of the Board          Commissioners, who is from outside the bank, and the
      of Commissioners is guided by the Minister of State-Owned        Board of Commissioners’ Secretariat Staff;
      Enterprises Regulation No. PER-3/MBU/03/2023 dated March     8. Performance assessment of the Board of Commissioners
      20, 2023 concerning Organs and Human Resources of State-         Secretariat;
      Owned Enterprises which regulates the Secretariat of the     9. Prohibition of concurrent positions;
      Board of Commissioners and the Secretary of the Board of     10. Mechanism for Coordinating the Board of Commissioners’
      Commissioners.                                                   Secretariat with the Corporate Secretary and committees
                                                                       under the Board of Commissioner.




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SECRETARY TO THE BOARD OF COMMISSIONERS PROFILE
                                  Anas Puji Istanto
                                  Secretary to the BNI Board of Commissioners


                                  Nationality
                                  Indonesian citizen

                                  Domicile
                                  Jakarta

                                  Age
                                  37 years old, as of December 31, 2023

                                  Education
                                  1. Bachelor’s degree in Law from Universitas Gadjah Mada (2008)
                                  2. Masters in Business Law from Universitas Gadjah Mada (2014)



 Certification
 -

 Work experience
 1. Staff of the Board of Commissioners of PT Perkebunan Nusantara XII (Persero) (2012-2014)
 2. Staff of the Board of Commissioners of PT Bank Mandiri (Persero) Tbk (2014-2017)
 3. Head of Sub-Division of Legislative Regulations I – SOE Ministry(2014-2017)
 4. Secretary of the Supervisory Board of the SOE Legal Forum (2017-present)
 5. Secretary to the Board of Commissioners of PT Jasa Marga (Persero) Tbk (2017-2019)
 6. Head of Legal Services Sub Division IIb – SOE Ministry (2017-2019)
 7. Acting Head of Legal Services Division I – SOE Ministry (2019-2020)
 8. Secretary to the Board of Commissioners at PT Bank Negara Indonesia (Persero) Tbk (2019-present)
 9. Secretary of the Nomination and Remuneration Committee at PT Bank Negara Indonesia (Persero) Tbk (2020-present)
 10. Corporate Legal Coordinator I SOE Ministry (2020-Present)

 Legal Basis of Appointment
 Appointed for the first time as Secretary of the Board of Commissioners based on the Board of Commissioners Decree No. KEP/015/DK/2019
 dated October 24, 2019.

 Term of Office
 2019 – Present

 Concurrent Positions
 1. Secretary of the BNI Nomination and Remuneration Committee (2020-Present)
 2. Corporate Legal Coordinator I SOE Ministry (2020-Present)
 3. Deputy General Chair V KAHGAMA (2023-Present)
 4. Secretary of the Supervisory Board of the SOE Legal Forum (2017-Present)




SECRETARY TO THE BOARD OF                                                          b. Preparing Minutes of the Board of Commissioners’
COMMISSIONERS REQUIREMENTS                                                             Meeting according to the Bank’s Articles of
The Secretary of the Board of Commissioners shall fulfill                              Association, including attending and preparing
the following requirements:                                                            Minutes of joint meetings of the Board of
1. Understand SOE management, monitoring, and                                          Commissioners and the Board of Directors;
    development systems;                                                           c. Administering the Board of Commissioner’s
2. Has good integrity;                                                                 documents either incoming letters, outgoing letters,
3. Understands the secretariat function;                                               minutes of meetings, or any other documents;
4. Has the ability to communicate and coordinate properly;                         d. Drafting the Board of Commissioners Work Plan
5. Has sufficient time to perform the duties at the Bank.                              and Budget;
                                                                                   e. Drafting the Board of Commissioners’ Reports.
SECRETARY TO THE BOARD OF COMMISSIONERS                                         2. In addition to performing duties stated in number 1
DUTIES AND RESPONSIBILITIES                                                        above, the Secretary of the Board of Commissioners
The Secretary to the Board of Commissioners Duties and                             as the head of the Board of Commissioners Secretariat
Responsibilities include:                                                          performs the following duties:
1. Coordinating the Board of Commissioners Secretariat                             a. Ensuring that the Board of Commissioners complies
   duties in performing the following duties:                                          with the laws and regulations and implements Good
   a. Preparing meetings, including briefing sheets for                                Corporate Governance principles;
      the Board of Commissioners;


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         b. Providing information needed by the Board of                  a. Quarterly reports to the Republic of Indonesia
             Commissioners periodically or at any time when                   Ministry of SOEs;
             requested;                                                   b. Financial Services Authority reports;
         c. Coordinating Committee members, if necessary,                 c. Board of Commissioners working visit reports.
             to ensure the ease of the Board of Commissioners’       3.   Monitoring, reviewing and reporting the latest laws
             duties;                                                      and regulations development to be submitted to the
         d. Becoming the liaison officer between the Board of             Board of Commissioners, including preparing, updating/
             Commissioners and other parties;                             adjusting the Board of Commissioners Decrees based
         e. Performing other duties given by the Board of                 on the prevailing laws and regulations.
             Commissioners, among others but not limited to:         4.   Coordinating and organizing Board of Commissioners
             • Coordinating the preparation of draft Decrees for          Meetings and Board of Commissioners Meetings
               the Board of Commissioners;                                with the Board of Directors, including preparing
             • Coordinating the studies/reviews required by the           meeting schedules, meeting materials, compiling
               Board of Commissioners;                                    and administering the Board of Commissioners
             • Accompanying the Board of Commissioners on                 meeting minutes, submitting Board of Commissioners
               work visits/official trips to work units within the        suggestions and opinions based on the Board of
               Company, and coordinating with committees                  Commissioners meeting results to the Board of
               under the Board of Commissioners in preparing              Directors and monitoring the Board of Commissioners
               the Board of Commissioners reports on the work             suggestions and opinions follow-up.
               visits/official trips; and                            5.   Assisting and supporting the Committees under the
             • Accompanying the Board of Commissioners                    Board of Commissioners duties that support the
               in meetings with the regulators or the Bank                Board of Commissioners duties based on prevailing
               supervisors related to the Board of Commissioners          regulations, including:
               duties and obligations as the Company’s                    a. Coordinating the division of duties for the
               supervisor.                                                    committees under the Board of Commissioners;
      3. In the framework of administrative order and good                b. Coordinating and preparing for committees under
         corporate governance implementation, the Board of                    the Board of Commissioners meetings, including
         Commissioners Secretariat must ensure that documents                 preparing meeting materials, compiling and
         reflect the Board of Commissioners’ activities, and are              administering minutes of meetings, as well as
         well kept at the Bank.                                               submitting suggestions and opinions on the results
                                                                              of evaluations and committee meetings to the Board
      SECRETARY TO THE BOARD OF COMMISSIONERS                                 of Commissioners as input;
      PROHIBITION OF CONCURRENT POSITIONS                                 c. Monitoring the implementation of the Work Plan
      The Secretary and Board of Commissioners Secretariat staff              of committees under the Board of Commissioners;
      who come from outside the Bank may not concurrently                 d. Ensuring the completion of the committees under
      serve as:                                                               the Board of Commissioners reports.
      1. Members of the Board of Commissioners/ Supervisory          6.   Carrying out administrative duties to assist the smooth
         Board of another BUMN/Company;                                   running of the Board of Commissioners duties,
      2. Secretary/Staff Secretary to the Board of Commissioners          including the management, storage and administration
         in State-Owned Enterprises (BUMN) or other companies;            of Minutes for Board of Commissioners Meetings, Board
      3. Other committee members in the Company; and/or                   of Commissioners with the Board of Directors Meetings,
      4. Committee members in BUMN/other companies.                       and for Committees under the Board of Commissioners
                                                                          Meetings, and documents/letters from the Board of
      IMPLEMENTATION OF THE SECRETARY TO THE                              Commissioners to the Board of Directors and other
      BOARD OF COMMISSIONERS DUTIES IN 2023                               parties, including preparing draft approval letters as
      In carrying out its function as a supporting organ for the          well as strategic input/ suggestions from the Board
      Board of Commissioners, the Secretary to the Board                  of Commissioners to be submitted to the Board of
      of Commissioners assists and supports the Board of                  Directors.
      Commissioners’ duties by providing information, studies        7.   Accompanying the Board of Commissioners on work
      and reports needed by the Board of Commissioners.                   visits/office trips (online) to Company work units, and
                                                                          at meetings with regulators or bank supervisors related
      The Secretary to the Board of Commissioners’ duties in              to the Board of Commissioners duties and obligations.
      2023 included:
      1. Assisting in preparing the Board of Commissioners           AUDIT COMMITTEE
         2024 Work Plan and 2023 Work Plan Realization Report.       The Audit Committee assists the Board of Commissioners in
      2. Assisting in preparing the Board of Commissioners           carrying out its supervisory duties of the Board of Directors
         draft report, which a mandatory obligation for the Board    in supporting the implementation of good corporate
         of Commissioners in accordance with the prevailing          governance in every aspect of the Bank's business.
         regulatory provisions, including:


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BASIS FOR AUDIT COMMITTEE ESTABLISHMENT                                   3. Providing independent opinions in the case of:
The Board of Commissioners established an Audit Committee                    a. Disagreements between management and the
based on the Board of Commissioners’ Decree No. KEP/05/                          Accountant for services rendered; and/or
DK/2000 dated July 28, 2000 concerning the Establishment of                  b. Non-compliance of the public accounting firm’s
the Audit Committee. When carrying out its duties, obligations                   audit with applicable auditing standards.
and authorities, the BNI Audit Committee is guided by the                 4. Providing recommendations to the Board of
prevailing laws and regulations, including:                                  Commissioners on the appointment of Public
1. Financial Services Authority Regulation No. 55/                           Accountants and Public Accounting Firms to be
    POJK.04/2015 dated December 23, 2015 concerning the                      submitted to the General Meeting of Shareholders as
    Establishment and Guidelines for Implementing the Work                   regulated by the regulator. The Audit Committee must
    of the Audit Committee;                                                  ensure that a report on the appointment of a Public
2. Financial Services Authority Regulation No. 1/POJK.03/2019                Accountant and/or Public Accounting Firm for auditing
    dated January 28, 2019 concerning Implementation of the                  the annual historical financial information is reported by
    Internal Audit Function in Commercial Banks; and                         the Company to OJK no later than 10 working days after
3. Regulation of the Minister of State-Owned Enterprises                     the appointments, and must be accompanied by the
    No. PER-2/MBU/03/2023 dated March 3, 2023 concerning                     Audit Committee’s recommendations and considerations
    Guidelines for Governance and Significant Corporate                      used in providing their recommendations.
    Activities of State-Owned Enterprises.                                5. Evaluating the audit services for annual historical
4. Regulation of the Minister of State-Owned Enterprises                     financial information by Public Accountant and/or Public
    No. PER-3/MBU/03/2023 dated March 20, 2023 concerning                    Accounting Firm , at least through:
    Organs and Human Resources of State-Owned Enterprises.                   a. The suitability of the audit performed by the Public
5. Financial Services Authority Regulation No. 9 of 2023 dated                   Accountant and/or Public Accounting Firm with the
    July 11, 2023 concerning the Use of Public Accounting                        applicable audit standards;
    Services and Public Accounting Firms in Financial Services               b. Adequacy of fieldwork time;
    Activities.                                                              c. Assessment of the scope of services provided and
6. Financial Services Authority Regulation No. 17 of 2023                        the adequacy of the quotation test; and
    dated September 14, 2023 concerning Implementation                       d. Recommendations for improvements provided by
    of Governance for Commercial Banks.                                          the Public Accountant and/or Public Accounting
                                                                                 Firm.
AUDIT COMMITTEE CHARTER
The Audit Committee carries out its duties and responsibilities               The Audit Committee must ensure that the Audit
by referring to the Audit Committee Charter which is                          Committee’s evaluation report on the conduct of
continuously refined and renewed in accordance with the                       providing audit services on annual historical financial
development of prevailing legal regulations and the latest                    information by the Public Accountant and/or Public
conditions. The last revision of the BNI Audit Committee                      Accounting Firm, the Company reports to the Financial
Charter was carried out in 2021 as stipulated in the Board of                 Services Authority periodically every year no later than
Commissioners Decree No. KEP/007/ DK/2021 dated April 15,                     6 (six) months after the fiscal year ends.
2021 concerning the Audit Committee Charter and Code of                   6. Reviewing the execution of audits by internal auditors
Ethics for the Audit Committee of PT Bank Negara Indonesia                    and external auditors, and oversee the implementation
(Persero).                                                                    of follow-up actions by the Board of Directors on the
                                                                              auditor findings, in order to provide recommendations
The Audit Committee Guidelines and rules are written                          to the Board of Commissioners;
documents that regulate the structure and requirements                    7. Reviewing complaints relating to the Company’s
of membership, term of office, duties and responsibilities,                   accounting and reporting process;
authorities, audit committee meetings, and reporting                      8. Reviewing and advising the Board of Commissioners
obligations for the implementation of the Audit Committee’s                   regarding potential conflict of interest (if any);
duties or activities. The Audit Committee’s Code of Ethics                9. The Audit Committee provides recommendations to the
includes integrity, objectivity and independence, competency,                 Board of Commissioners concerning the appointment
and confidentiality.                                                          and dismissal of the Head of the Internal Audit (IAD),
                                                                              and must ensure that the Head of IAD appointment or
AUDIT COMMITTEE DUTIES                                                        dismissal report is signed by the President Director
AND RESPONSIBILITIES                                                          and the Chief Commissioner to the Financial Services
The Audit Committee’s duties and responsibilities inlude                      Authority no later than 10 (ten) working days after the
the following:                                                                date of appointment or dismissal of the Head of IAD;
1. Reviewing the financial information to be published by                 10. Providing recommendations to the Board of
    the Company to the public and/or authorities, such as                     Commissioners regarding the stipulation of Internal
    financial statements, projections, and other statements                   Audit Charter. The Audit Committee must ensure that
    relating to the Company’s financial information;                          the Internal Audit Charter is reviewed at least once in
2. Reviewing the adherence to laws and regulations                            3 (three) years;
    relating to the Company’s activities;
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      11. Providing recommendations to the Board of                       • Shall carry out their duties honestly, diligently
          Commissioners regarding the preparation of the audit              and responsibly;
          plan, scope and budget of the Internal Audit;                   • Shall be subject to the law and make disclosures
      12. In carrying out the internal audit function, the Audit            in accordance with the rules of law and profession;
          Committee is responsible for:                                   • Shall practice and encourage others to act in a
          a. Monitoring and reviewing the Bank’s internal audit             professional manner;
              implementation effectiveness;                               • Shall respect and support the established Vision
          b. Evaluating IAD Performance;                                    and Mission of BNI;
          c. Ensuring IAD communicates with the Board of                  • Shall be prohibited from intentionally becoming
              Directors, the Board of Commissioners, external               part of illegal activities, or engaging in acts that
              auditors, and the Financial Services Authority;               undermine the credibility of the Audit Committee;
          d. Ensuring IAD works independently;                              and
          e. Providing recommendations to the Board of                    • Shall be prohibited from deliberate
              Commissioners concerning the preparation and                  misrepresentation or manipulation in carrying out
              determination the IAD audit plan, scope, and budget;          the duties, responsibilities and authorities given.
          f. Reviewing audit reports and ensuring the Board            b. Objective and Independent
              of Directors takes the necessary corrective                 The Audit Committee Members provides a fair and
              actions quickly to anticipate control weaknesses,           balanced assessment of all relevant conditions and
              fraud, compliance issues with policies, laws and            are not influenced by personal or other parties’
              regulations, or other issues identified and reported        interests when expressing their opinions. In
              by IAD;                                                     performing their duties, Audit Committee Members:
          g. Providing recommendations to the Board of                    • Shall pay attention to balance, and place the
              Commissioners Concerning the IAD annual                       interests of stakeholders above other interests;
              remuneration as a whole and performance awards;             • Shall disclose all material facts which, if not
              and                                                           disclosed, may obscure the result reporting;
          h. Ensuring IAD upholds integrity in carrying out its           • Shall disclose if there is a relationship that has the
              duties.                                                       potential to affect explicit judgment and cause a
      13. Providing recommendations to the Board of                         conflict of interest;
          Commissioners regarding the appointment of an                   • Shall be prohibited from accepting anything
          independent quality controller from an external party             that may, or may potentially, affect professional
          to conduct a review of the IAD’s performance.The Audit            judgement.
          Committee must ensure that the report on the results         c. Competency
          of an independent external review party signed by the           Audit Committee Members use their knowledge,
          President Director and the President Commissioner is            expertise, and experience necessary to perform the
          submitted to the Financial Services Authority no later          tasks, responsibilities, and authorities provided. In
          than 2 (two) months after the review period ends;               performing their duties, Audit Committee Member:
      14. The Audit Committee must ensure that special reports            • Shall perform the duties, responsibilities, and
          regarding any internal audit findings that are expected to        authorities given in accordance with their
          endanger the business continuity of the Bank, signed by           competences;
          the President Director and the Head of Audit Committee,         • Shall maintain and improve their knowledge and
          are submitted to the Financial Services Authority no later        expertise sustainably.
          than 3 (three) working days after they are discovered;       d. Confidentiality
      15. The Audit Committee is obliged to ensure that the report        Audit Committee Members shall always keep
          on the implementation of the main results of the internal       the confidentiality of information that is secret
          audit, which is signed by the President Director and            and confidential to the Bank in accordance with
          the Chair of the Audit Committee, is submitted to the           the Bank’s policies and prevailing regulations. In
          Financial Services Authority semi-annually at the latest:       performing their duties, Audit Committee Members:
          a. July 31 of the current year for the first semester;          • Shall be prudent in the use and safeguard
          b. January 31 of the following year for the second                information obtained;
              semester.                                                   • Shall be prohibited from using information for
      16. Maintaining the confidentiality of Company documents,             personal or other purposes unless there is a legal
          data and information. In carrying out its duties and              obligation or professional
          responsibilities, the Audit Committee takes into account
          the Audit Committee Code of Conduct as follows:
          a. Integrity
              Audit Committee Members are committed to
              always being consistent in thoughts, sayings and
              actions based on conscience and belief in essential
              truth principles. In performing their duties Audit
              Committee Members:
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AUDIT COMMITTEE AUTHORITIES                                                4. Independent Commissioners and independent parties
For carrying out its duties, the Audit Committee has the                      who are members of the Audit Committee make up at
following authorities:                                                        least 51% (fifty one percent) of the total members of
1. Access to Company documents, data, and information                         the Audit Committee;
    regarding employees, funds, assets, and necessary                      5. The Audit Committee Chairman may only hold the
    Company resources, including access to information                        position of Committee Chairman in no more than 1
    regarding all of the Company’s activities;                                (one) other committee;
2. Communicating directly with employees, including                        6. Audit Committee memberships comprise an
    the Board of Directors and those carrying out the                         Independent Commissioner as Audit Committee
    functions of internal audit, risk management, and                         Chairman. In the case of more than one Independent
    accountants related to the Audit Committee duties and                     Commissioner being members of the Audit Committee,
    responsibilities;                                                         then one of them will act as the Audit Committee
3. Involving independent parties other than members of                        Chairman.
    the Audit Committee as needed to assist in carrying
    out their duties (if needed); and                                      During 2023, there were no changes to the Audit Committee
4. Carrying out other authorities assigned by the Board                    membership, and the Audit Committee membership
    of Commissioners.                                                      composition was the same compared to last year.

AUDIT COMMITTEE STRUCTURE,                                                 Period January 1 - December 31, 2023
MEMBERSHIP, AND EXPERTISE                                                   Name                  Position         Description         Expertise
The Audit Committee structure is set forth in the Audit
                                                                                                                  Independent        • Banking
Committee Charter set by the Board of Commissioners,                        Asmawi Syam         Chairman
                                                                                                                  Commissioner       • Financ
as follows:                                                                 Sigit                                 Independent        • Accounting
1. The Audit Committee is established by and responsible                                        Member
                                                                            Widyawan                              Commissioner       • Finance
    to the Board of Commissioners;                                                                                Independent        • Economics
                                                                            Iman Sugema         Member
2. The Audit Committee members are appointed and                                                                  Commissioner       • Finance
    dismissed by the Board of Commissioners;                                Human                                 Independent        • Banking
                                                                                                Member
3. The Audit Committee consists of at least 3 (three)                       Brillianto                            Party              • Finance
    members from Independent Commissioners and parties                      Suhendi
                                                                                                Member
                                                                                                                  Independent        • Banking
    from outside the Issuer or Public Company, must have                    Muharam                               Party              • Technology

    at least 1 (one) member with an educational background
    and expertise in accounting and finance;

In compliance with OJK Regulation No. 55/POJK.04/2015 dated December 23, 2015 concerning the Establishment and
Guidelines for the Implementation of Work of the Audit Committee, information concerning the appointment and
dismissal of the Audit Committee has been submitted to the Financial Services Authority within a maximum period of
2 (two) working days after the appointment or dismissal, and has been published on the Stock Exchange website and/
or the Company’s website.

AUDIT COMMITTEE PROFILES
Brief profiles of the BNI Audit Committee Chairman and Members follows:

Audit Committee Chairman

                                                          Asmawi Syam
                                                    Audit Committee Chairman

 The profile of the Audit Committee Chairman Asmawi Syam can be found in the Board of Commissioners’ profile section in the Company
 Profile chapter of this Annual Report.




Audit Committee Members

                            Sigit Widyawan                                                            Iman Sugema
                     Audit Committee Member                                                      Audit Committee Member

 Audit Committee Member, Sigit Widyawan, profile can be found               Audit Committee Member, Iman Sugema, profile can be found in
 in the of the Board of Commissioners Profiles in this Annual               the of the Board of Commissioners Profiles in this Annual Report.
 Report.




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                                                             Human Brillianto
                                                   Audit Committee Independent Member
        Nationality                                                    Work experience
        Indonesian citizen                                             1. Branch Manager in several regions, PT Bank Rakyat Indonesia
                                                                          Tbk (1993-2000)
        Domicile
                                                                       2. Middle Staff of Retail Business Division, PT Bank Rakyat
        Jakarta
                                                                          Indonesia Tbk (2000-2002)
        Place, Date of Birth, Age                                      3. Group Head General Business Division, PT Bank Rakyat
        Pekalongan, January 21, 1963                                      Indonesia Tbk (2002-2005)
        60 years old, as of December 31, 2023                          4. Senior Internal Audit Auditor, PT Bank Rakyat Indonesia Tbk
                                                                          (2005-2009)
        Education
                                                                       5. Group Head of Internal Audit, PT Bank Rakyat Indonesia Tbk
        • Bachelor (S1) in Economics from Krisnadwipayana University
           (1987)                                                         (2009-2018)
        • Masters (S2) in Agribusiness Management from Gajah Mada      6. Deputy Inspector for Makassar Region, PT Bank Rakyat
           University (2005)                                              Indonesia Tbk (2018-2019)
                                                                       7. Independent Member of the Audit Committee of PT Bank Negara
        Certification                                                     Indonesia (Persero) Tbk (2021-present)
        Level 2 Risk Management Certification
                                                                       Legal Basis for Appointment as the Audit Committee Member
                                                                       Appointed for the first time as Independent Member of the Audit
                                                                       Committee through Board of Commissioners Decree of the No.
                                                                       KEP/004/DK/2021/ dated January 25, 2021.

                                                                       Term of Office
                                                                       2021-present (First Period)

                                                                       Concurrent Positions
                                                                       No concurrent positions either internally or externally at BNI.



                                                            Suhendi Muharam
                                                   Audit Committee Independent Member
        Nationality
        Indonesian citizen                                             Work experience
                                                                       1. Head of Operations, Bandung Buah Batu Branch, Bank CIMB
        Domicile                                                           Niaga (1991-1992)
        Jakarta                                                        2. Operational Audit Staff, Bank CIMB Niaga (1992-1995)
                                                                       3. Staff (Officer) Audit Policy and Administration, Bank CIMB Niaga
        Place, Date of Birth, Age                                          (1995-1997)
        Bandung, June 14, 1962                                         4. Head of Audit Policy and Administration, Bank CIMB Niaga (1997-
        61 years old, as of December 31, 2023                              1999)
                                                                       5. Head of Audit Resident IV, Bank CIMB Niaga (period of office:
        Education                                                          1999-2000)
        1. Bachelor’s Degree in Engineering from Institut Teknologi    6. Head of Asset Risk Audit Division, Bank CIMB Niaga (2000-2001)
           Bandung (1987)                                              7. Head of Information Systems Technology Audit Division, Bank
                                                                           CIMB Niaga (2001-2005)
        2. Master of Management Degree from Universitas Gadjah Mada
                                                                       8. Information Security and Systems Group Head, Bank CIMB
           (2005)                                                          Niaga (2006-2008)
                                                                       9. System Operation and Assurance Group Head, Bank CIMB Niaga
        Certification                                                      (2008-2009)
        Level 4 Risk Management Certification                          10. Process Quality Improvement Group Head, Bank CIMB Niaga
                                                                           (2010-2011)
                                                                       11. Business Process Management Group Head, Bank CIMB Niaga
                                                                           (2012-2013)
                                                                       12. Bank Niaga – Bank Lippo Operational Merger Project as
                                                                           Organization and Method Head, Bank CIMB Niaga (2008-2009)
                                                                       13. Core Banking System Replacement Project as Change
                                                                           Management and Training, Bank CIMB Niaga (2014-2016)
                                                                       14. Independent Audit Committee Member of PT Bank Negara
                                                                           Indonesia (Persero) Tbk (2021-present)

                                                                       Legal Basis for Appointment as the Audit Committee Member
                                                                       Appointed for the first time as Audit Committee Independent
                                                                       Member in July 2021 based on Board of Commissioners Decree No.
                                                                       KEP/012/DK/2021/dated July 5, 2021.

                                                                       Term of Office
                                                                       2021-present (First Period)

                                                                       Concurrent Positions
                                                                       No concurrent positions either internally or externally at BNI.




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AUDIT COMMITTEE MEMBERS’ TERM OF OFFICE                                        3. Not a internal person of a Public Accounting Firm, Legal
1. Audit Committee members’ term of office who are                                 Consulting Firm, Public Appraisal Service Office or any
   members of the Board of Commissioners may not be                                other party providing assurance services, non-assurance
   longer than the Board of Commissioners term of office                           services, appraisal services and/or other consulting
   as stipulated in the Articles of Association and can be                         services to the Company within the last 6 (six) months;
   re-elected only for the next 1 (one) period;                                4. Must understand financial reports, the company’s
2. If a member of the Board of Commissioner who is the                             business, especially those related to the services or
   Audit Committee Chairman ceases their term of office                            business activities of the Company, the audit process,
   before their term of office as a Commissioner of the                            risk management, and laws and regulations in the
   Company is over, another Independent Commissioner                               Capital Market sector as well as other related laws
   shall replace the Audit Committee Chairman;                                     and regulations;
3. The term of office for Audit Committee members who                          5. Must comply with the Audit Committee code of conduct
   come from independent parties is a maximum of 3                                 established by the Company;
   (three) years and can be extended once for 2 (two)                          6. Willing to continuously improve competencies through
   years of service so that the Audit Committee members’                           education and training;
   tenure from independent parties is a maximum of 5                           7. Does not have director/indirect shares in the Company;
   (five) years, which does not reduce the right of the                        8. In the event that a member of the Audit Committee
   Board of Commissioners to terminate the members                                 acquires shares of the Company either directly or
   of the committee at any time before the term of its                             indirectly as a result of a legal event, the shares must be
   appointment ends.                                                               transferred to another party within a maximum period
                                                                                   of 6 (six) months after the shares were acquired;
AUDIT COMMITTEE QUALIFICATIONS,                                                9. Has no affiliation with members of the Board of
EDUCATION, AND WORK EXPERIENCE                                                     Commissioners, members of the Board of Directors,
In general, the requirements for membership of the                                 or the Company’s Major Shareholders; and
Company’s Audit Committee are as follows:                                      10. Has no business relationship, either directly or indirectly,
1. Must have high integrity, good character and morals,                            relating to the Company’s business activities.
   ability, knowledge, experience in accordance with the
   field of work, and be able to communicate well;
2. Not a person who worked or had the authority and
   responsibility to plan, lead, control, or supervise the
   Company’s activities within the last 6 (six) months,
   except for an Independent Commissioner



As of December 31, 2023, the educational qualifications and work experience of the Chairman and Members of the Audit
Committee were as followst:

                            Educational Qualifications and Work Experience of the Audit Committee
 Name                  Position                Education                                           Work Experience
                                     Educational history can
                                     be found in the Board of         Work experience can be found in the Board of Commissioners
 Asmawi Syam          Chairman
                                     Commissioners Composition        Composition Diversity Section
                                     Diversity Section
                                     Educational history can
                                     be found in the Board of         Work experience can be found in the Board of Commissioners
 Sigit Widyawan       Member
                                     Commissioners Composition        Composition Diversity Section
                                     Diversity Section
                                     Educational history can
                                     be found in the Board of         Work experience can be found in the Board of Commissioners
 Iman Sugema          Member
                                     Commissioners Composition        Composition Diversity Section
                                     Diversity Section
                                                                      Deputy Inspector of BRI Makassar, Group Head of Internal Audit, Senior
 Human                               Master’s degree in               Internal Audit Auditor, Group Head of General Business Division, Middle
                      Member
 Brillianto                          Agribusiness Management          Staff of Retail Business Division, Branch Manager in several regions at
                                                                      PT Bank Rakyat Indonesia (BRI)




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          2023                     Management                    Company                    Management Discussion and               Business Support
      Performance                    Report                       Profile                 Analysis on Company Performance              Functions




                                   Educational Qualifications and Work Experience of the Audit Committee
        Name                Position                Education                                           Work Experience

                                                                            Head of Operations for Bandung Buah Batu Branch, Operational Audit
                                                                            staff, Head of Audit Policy and Administration, Head of Operational
                                                                            Audit Division, Head of Information System Technology Audit Division,
                                                                            Information Security and System Group Head, System Operation and
        Suhendi                          Master’s degree in
                          Member                                            Assurance Group Head, Process Quality Improvement Group Head,
        Muharam                          Agribusiness Management
                                                                            Business Process Management Group Head, and was involved in the
                                                                            Operational Merger Project of Bank Niaga – Bank Lippo as Organization
                                                                            and Method Head, and the Core Banking System Replacement Project as
                                                                            Change Management and Training at Bank Niaga (Bank CIMB Niaga)


      AUDIT COMMITTEE INDEPENDENCY

      The Audit Committee members’ independency is regulated in the BNI Code of Ethics. Audit Committee members provide
      a fair and balanced assessment of all relevant conditions without being influenced by personal interests or other parties
      in expressing their opinions.

      All Audit Committee members coming from independent parties have no relationship in terms of finance, management,
      share ownership and/or familial relationships with all members of the Board of Commissioners, the Board of Directors
      and/or Controlling Shareholders or relationship with the Bank, which may affect their ability to act independently. There
      are no members of the Audit Committee who haves concurrent positions as other Committee members.
                                                             Audit Committee Independency
                                                                Asmawi             Sigit              Iman              Human          Suhendi
        Independency Aspect
                                                                 Syam            Widyawan            Sugema            Brillianto      Muharam
        No financial relationships with the Board of
                                                                    √                 √                   √                 √                √
        Commissioners and the Board of Directors
        No management relationships in the company,
                                                                    √                 √                   √                 √                √
        subsidiaries or affiliated companies
        No share ownership relationship in the company              √                 √                   √                 √                √
        No familial relationships with the Board of
        Commissioners, the Board of Directors, and/or               √                 √                   √                 √                √
        fellow members of the Audit Committee
        Not serving on the board of political party or
                                                                    √                 √                   √                 √                √
        government official


      TRAINING AND/OR IMPROVING AUDIT COMMITTEE COMPETENCY
      To create leading and competitive HC, the Bank organizes competency development programs to support the implementation
      of supervisory and management duties, especially when providing input to the Board of Commissioners. The following
      shows the competency development that the Audit Committee participated in in 2023:

                                                       Asmawi Syam –Audit Committee Chairman
                      Name of Training/Workshop/              Implementation          Implementation              Education
        No                                                                                                                           Organizer
                         Conference/seminar                        Date                   Venue                     Type
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                                                    Sigit Widyawan – Audit Committee Member
                      Name of Training/Workshop/              Implementation          Implementation              Education
        No                                                                                                                           Organizer
                         Conference/seminar                        Date                   Venue                     Type
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                                                         Iman Sugema –Audit Committee Member
                                                              Implementation                                      Education
                      Name of Training/Workshop/                                      Implementation
        No                                                         Date                                             Type             Organizer
                         Conference/seminar                                               Venue

        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners




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                                      Human Brilianto - Independent Audit Committee Member
                 Name of Training/Workshop/                   Implementation       Implementation
 No                                                                                                        Education Type             Organizer
                    Conference/seminar                             Date                Venue
         Development, Characteristics and Risk
   1                                                         May 23, 2023          Jakarta                Seminars                BNI University
         Management of the Pension Fund Industry
         GRC Masterclass – Information Technology
   2                                                         June 27, 2023         Jakarta                Seminars                Ministry of BUMN
         Audit
   3     GRC Masterclass – ESG for Auditors                  July 13, 2023         Jakarta                Seminars                Ministry of BUMN
         Compliance Refreshment for Issuers and                                                                                   Financial Services
   4                                                         August 22, 2023       Jakarta                Training
         Public Companies                                                                                                         Authority (OJK)
         Compliance Forum – Anti-Money Laundering
         and Prevention of Terrorism Financing and
   5     Prevention of Funding for the Proliferation of      August 30, 2023       Jakarta                Seminars                BNI University
         Weapons of Mass Destruction (APU PPT and
         PPPSPM) in 2023
                                                                                                                                  The Institute oh
         IIA Indonesia National Conference in 2023,          30 to. August 31,
   6                                                                               Batam                  Conference              Internal Auditors
         with the theme "Staying Relevant"                   2023
                                                                                                                                  Indonesia
         Sharing Session Session IV "Development,
   7     Characteristics and Management of the               September 5, 2023     Jakarta                Seminars                BNI University
         Multifinance Industry"
         National Audit Committee Conference –
   8     Overseeing the Company's Sustainability and         October 19, 2023      Jakarta                Conference              Ministry of BUMN
         Growth through Supervision and Risk Control
         Socialization of Technical Instructions for
         Preparing KPIs for SOE, Risk Management
                                                             November 14,
   9     Process and Aggregation of SOE Portfolio                                  Jakarta                Socialization           Ministry of BUMN
                                                             2023
         Risk Taxonomy, and SOE Risk Management
         Reporting
         Socialization of Technical Instructions
  10     regarding Risk Maturity Index (RMI)                 December 20, 2023     Jakarta                Socialization           Ministry of BUMN
         Assessment within SOE



                                     Suhendi Muharam - Independent Audit Committee Member
                 Name of Training/Workshop/                   Implementation       Implementation
 No                                                                                                        Education Type             Organizer
                    Conference/seminar                             Date                Venue
         Development, Characteristics and Risk
   1                                                         May 23, 2023          Jakarta                Seminars                BNI University
         Management of the Pension Fund Industry
         GRC Masterclass – Information Technology
   2                                                         June 27, 2023         Jakarta                Seminars                Ministry of BUMN
         Audit
         National Conference of the Association of
                                                                                                                                  Bank Internal
         Bank Internal Auditors (IAIB) 2023 with the
   3                                                         July 12-13, 2023      Serpong                Seminars                Auditor
         theme "The Future Role of Internal Audit in the
                                                                                                                                  Association (IAIB)
         Financial Services Industry"
                                                                                                                                  Financial Services
   4     GRC Masterclass – ESG for Auditors                  July 12, 2023         Jakarta                Training
                                                                                                                                  Authority (OJK)
         Compliance Refreshment for Issuers and
   5                                                         August 30, 2023       Jakarta                Seminars                BNI University
         Public Companies
         Compliance Forum – Anti-Money Laundering
         and Prevention of Terrorism Financing and                                                                                The Institute oh
                                                             30 to. August 31,
   6     Prevention of Funding for the Proliferation of                            Batam                  Conference              Internal Auditors
                                                             2023
         Weapons of Mass Destruction (APU PPT and                                                                                 Indonesia
         PPPSPM) in 2023
         Sharing Session Session IV "Development,
   7     Characteristics and Management of the               September 5, 2023     Jakarta                Seminars                BNI University
         Multifinance Industry"
         Governance and Financial Report Integrity           September 26,
   8                                                                               Yogyakarta             Conference              Ministry of BUMN
         Forum                                               2023
         Socialization of Technical Instructions for
         Preparing KPIs for SOE, Risk Management
                                                             November 14,
   9     Process and Aggregation of SOE Portfolio                                  Jakarta                Socialization           Ministry of BUMN
                                                             2023
         Risk Taxonomy, and SOE Risk Management
         Reporting
         Socialization of Technical Instructions
  10     regarding Risk Maturity Index (RMI)                 December 20, 2023     Jakarta                Socialization           Ministry of BUMN
         Assessment within SOE


                                                                                             Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   759
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      Performance                   Report                        Profile                Analysis on Company Performance                Functions




      POLICY AND IMPLEMENTATION OF AUDIT COMMITTEE MEETINGS
      1. The Audit Committee must hold a meeting at least once in 1 (one) month;
      2. The Audit Committee Meeting may make decisions if attended by at least 51% (fifty one percent) of the total members,
         including Independent Commissioner and Independent Party;
      3. Decisions made in the committee meetings are based on deliberation to reach consensus. In the event that consensus
         agreement does not occur, decision making shall be carried out by majority votes;
      4. The meeting is chaired by the Audit Committee Chairman or a member of the Audit Committee from an Independent
         Commissioner if the Audit Committee Chairman is unable to attend;
      5. Each Audit Committee meeting must be stated in the minutes of the meeting and signed by all Audit Committee
         members present. Dissenting opinions that occur in committee meetings must be clearly stated in the minutes of
         the meeting along with the reasons for such differences;
      6. Meetings can be held physically or via video conference or other media facilities that allow all Audit Committee
         Meeting participants to see and hear each other directly and participate in the meeting.

      In 2023, the Audit Committee held 34 (thirty four) meetings, both internal Committee meetings, joint meetings with
      related Sector and Divisional Directors, as well as through Board of Commissioners Meetings attended by members of
      the Audit Committee with the aim that substantive matters be immediately reported to the Board of Commissioners.

      The following shows the Audit Committee Meetings frequency and attendance rate in 2023:

        Name                               Position               Number of Meetings                   Attended                    Percentage
        Asmawi Syam                Chairman                                               34                               34                     100%
        Sigit Widyawan             Member                                                 34                               34                     100%
        Iman Sugema                Member                                                 34                               34                     100%
        Human Brillianto           Independent Member                                     34                               34                     100%
        Suhendi Muharam            Independent Member                                     34                               34                     100%


      AUDIT COMMITTEE MEETING AGENDA
      During 2023, the Audit Committee Meetings dates, agenda and participants were as follows:

                                                        Audit Committee Meetings Agenda
        No.         Date of Meeting                   Meeting Agenda               Meeting Participants                         Invited

                                               Internal Meeting of Audit           1.   Asmawi Syam
                                               Committee                           2.   Sigit Widyawan
        1      January 3, 2023                 Discussion of BNI's Financial       3.   Iman Sugema            -
                                               Performance for the period          4.   Human Brillianto
                                               November 2022                       5.   Suhendi Muharam
                                                                                                               •   Finance Director
                                                                                                               •   Director of Risk Management
                                                                                                               •   Director of Enterprise &
                                                                                                                   Commercial Banking
                                               Closing Meeting Audit of BNI        1.   Asmawi Syam            •   Director of Corporate &
                                               Consolidated Financial Reports      2.   Sigit Widyawan             International Banking
        2      January 17, 2023                and Other Reports for the           3.   Iman Sugema            •   Director of Consumer & Retail
                                               Financial Year Ending December      4.   Human Brillianto           Banking
                                               31, 2022                            5.   Suhendi Muharam        •   Director of Technology &
                                                                                                                   Operations
                                                                                                               •   KAP Tanudiredja, Wibisana, Rintis,
                                                                                                                   and Partners
                                                                                                               •   Related Divisions
                                               Evaluation of the Bank's Internal
                                               Audit Function for the Semester
                                               II/2022 period, including
                                               discussion of:
                                               a. Evaluation of the Main Audit
                                                    Results                        1.   Asmawi Syam
                                               b. Realization of RAT Internal      2.   Sigit Widyawan
        3      January 24, 2023                     Audit                          3.   Iman Sugema            Internal Audit
                                               c. Follow-up on IAD and External    4.   Human Brillianto
                                                    Auditor Audit Results          5.   Suhendi Muharam
                                               d. Whistle Blowing System
                                                    Management
                                               e. Evaluation of the FAST
                                                    Internal Audit Application
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                                                Audit Committee Meetings Agenda
 No.           Date of Meeting                Meeting Agenda                 Meeting Participants                        Invited
                                                                             1.   Asmawi Syam
                                                                             2.   Sigit Widyawan
                                       Evaluation of KUR Distribution                                   •   Director of Institutional Banking
 4       January 31, 2023                                                    3.   Iman Sugema
                                       and Management                                                   •   Related Divisions
                                                                             4.   Human Brillianto
                                                                             5.   Suhendi Muharam
                                                                             1.    Asmawi Syam
                                                                             2.   Sigit Widyawan        •   Director of Risk Management
                                       Discussion on Review/Update of
                                                                                                        •   Director of Human Capital &
 5       February 7, 2023              General Internal Control System       3.   Iman Sugema
                                                                                                            Compliance
                                       Policy (KU SPI)                       4.   Human Brillianto      •   Related Divisions
                                                                             5.   Suhendi Muharam
                                       a. Internal Meeting of Audit
                                          Committee
                                       b. Discussion of the
                                          Audit Committee's
                                          Recommendations on the
                                          Procurement of a Public
                                                                             1.   Asmawi Syam
                                          Accounting Firm to Provide
                                                                             2.   Sigit Widyawan
                                          General Audit Services
 6       February 27, 2023                                                   3.   Iman Sugema           -
                                          for Consolidated Financial
                                                                             4.   Human Brillianto
                                          Statements and Other
                                                                             5.   Suhendi Muharam
                                          Reports for the Financial Year
                                          Ending December 31, 2023
                                       c. Discussion of the Results of
                                          the Audit Committee Review
                                          of BNI DPLK Governance
                                          Supervision in 2022
                                                                             1.   Asmawi Syam
                                                                             2.   Sigit Widyawan
                                       Discussion of Delivery Channel
 7       February 27, 2023                                                   3.   Iman Sugema           Internal Audit
                                       Audit Rating Updates for 2023
                                                                             4.   Human Brillianto
                                                                             5.   Suhendi Muharam
                                       Discussion of the Evaluation
                                       of BNI's Compliance Function
                                       Quarter IV/2022, including:
                                       a. Realization of Compliance          1.    Asmawi Syam
                                           Division Review and Follow-       2.   Sigit Widyawan        •   Director of Human Capital &
 8       March 7, 2023                     up                                3.   Iman Sugema               Compliance
                                       b. Progress in Settlement of          4.   Human Brillianto      •   Related Divisions
                                           Employee Cases                    5.   Suhendi Muharam
                                       c. Anti Fraud Strategy Program
                                       d. Significant Reports Reported
                                           to OJK
                                       Internal Meeting of Audit
                                       Committee
                                       a. Discussion of BNI's Financial
                                           Performance for the period
                                           January 2023
 9       March 21, 2023
                                       b. Audit Committee
                                           Working Visit Plan for
                                           2023 – Evaluation of
                                           KUR Distribution and
                                           Management.
                                       Internal Meeting of Audit             1.   Asmawi Syam
                                       Committee                             2.   Sigit Widyawan
                                       Discussion of Review Results of
 10      March 28, 2023                                                      3.   Iman Sugema           -
                                       the Proposed Plan to Write Off
                                       Credit Books with a Limit above       4.   Human Brillianto
                                       IDR 200 billion                       5.   Suhendi Muharam




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                                                      Audit Committee Meetings Agenda
        No.          Date of Meeting                Meeting Agenda              Meeting Participants                         Invited
                                             Evaluation of the Bank's
                                             Internal Audit Function for the
                                             Quarter I/2023 period, including
                                             discussion of:
                                             a. Evaluation of the Main Audit    1.   Asmawi Syam
                                                 Results                        2.   Sigit Widyawan
        11     April 11, 2023                b. Realization of RAT Internal     3.   Iman Sugema            Internal Audit
                                                 Audit                          4.   Human Brillianto
                                             c. Follow-up on IAD and            5.   Suhendi Muharam
                                                 External Auditor Audit
                                                 Results
                                             d. Whistle Blowing System
                                                 Management
                                                                                1.   Asmawi Syam
                                             Discussion of the Internal Audit   2.   Sigit Widyawan
        12     April 18, 2023                Annual Audit & Consultation        3.   Iman Sugema            Internal Audit
                                             (RAT) Work Plan for 2023           4.   Human Brillianto
                                                                                5.   Suhendi Muharam
                                                                                1.   Asmawi Syam
                                             Discussion of Preparations for     2.   Sigit Widyawan
                                             the Audit Committee's Visit to
        13     May 23, 2023                                                     3.   Iman Sugema            Internal Audit
                                             the Data Center and Disaster
                                             Recovery Center                    4.   Human Brillianto
                                                                                5.   Suhendi Muharam
                                                                                                            •   Finance Director
                                                                                1.    Asmawi Syam           •   Director of Human Capital &
                                                                                2.   Sigit Widyawan             Compliance
                                             Discussion of Updates on BNI
                                                                                                            •   Director of Risk Management
        14     June 6, 2023                  Pension Fund Due Diligence         3.   Iman Sugema
                                                                                                            •   KPMG
                                             Results                            4.   Human Brillianto       •   Willis Tower Watson
                                                                                5.   Suhendi Muharam        •   HPRP Dentons
                                                                                                            •   Related Divisions
                                                                                1.    Asmawi Syam
                                             Discussion of Review of            2.   Sigit Widyawan
                                             Realization of Directors' and
        15     June 6, 2023                                                     3.   Iman Sugema            Corporate Secretary
                                             Commissioners' Facilities
                                             Packages in 2022                   4.   Human Brillianto
                                                                                5.   Suhendi Muharam
                                             Internal Meeting of Audit          1.    Asmawi Syam
                                             Committee                          2.   Sigit Widyawan
                                             Discussion of Review Results of
        16     June 6, 2023                                                     3.   Iman Sugema            -
                                             the Proposed Plan to Write Off
                                             Credit Books with a Limit above    4.   Human Brillianto
                                             IDR 200 billion                    5.   Suhendi Muharam
                                             Discussion of the Evaluation
                                             of BNI's Compliance Function
                                             Quarter I/2023, including:
                                             a. Realization of Compliance       1.    Asmawi Syam           •   Director of Institutional Banking
                                                 Division Review and Follow-    2.   Sigit Widyawan             and Director of Finance (as
                                                 up                                                             Alternate Director of Human
        17     June 20, 2023                                                    3.   Iman Sugema
                                                                                                                Capital & Compliance)
                                             b. Progress in Settlement of       4.   Human Brillianto       •   Director of Risk Management
                                                 Employee Cases                 5.   Suhendi Muharam        •   Related Divisions
                                             c. Anti Fraud Strategy Program
                                             d. Significant Reports Reported
                                                 to OJK
                                             Internal Meeting of Audit
                                             Committee Discussion of the
                                             Results of the Audit Committee's   1.    Asmawi Syam
                                             Evaluation of the Provision of     2.   Sigit Widyawan
                                             General Audit Services for BNI
        18     June 20, 2023                                                    3.   Iman Sugema            -
                                             Consolidated Financial Reports
                                             and Other Reports for the Fiscal   4.   Human Brillianto
                                             Year Ending 31 December 2022       5.   Suhendi Muharam
                                             by KAP Tanudiredja, Wibisana,
                                             Rintis & Rekan




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                                                 Audit Committee Meetings Agenda
 No.           Date of Meeting                 Meeting Agenda                  Meeting Participants                         Invited
                                        Evaluation of the Bank's Internal
                                        Audit Function for the Semester
                                        I/2023 period, including
                                        discussion of:
                                        a. Evaluation of the Main Audit        1.   Asmawi Syam
                                            Results                            2.   Sigit Widyawan
 19      July 25, 2023                  b. Realization of RAT Internal         3.   Iman Sugema            Internal Audit
                                            Audit                              4.   Human Brillianto
                                        c. Follow-up on IAD and                5.   Suhendi Muharam
                                            External Auditor Audit
                                            Results
                                        d. Whistle Blowing System
                                            Management
                                        Internal Audit Committee
                                        Meeting
                                                                               1.    Asmawi Syam
                                        a. Discussion of Review Results
                                                                               2.   Sigit Widyawan
                                            of the Proposed Plan to Write
 20      August 8, 2023                                                        3.   Iman Sugema            -
                                            Off Credit Books with a Limit
                                                                               4.   Human Brillianto
                                            above IDR 200 billion
                                                                               5.   Suhendi Muharam
                                        b. Discussion of the 2023 Audit
                                            Committee Work Visit Report
                                        Evaluation of the
                                        Implementation of the Anti-
                                                                               1.   Asmawi Syam
                                        Fraud Strategy for the Quarter
                                        II/2023 period, including:             2.   Sigit Widyawan
 21      August 29, 2023                a. Implementation of the Anti          3.   Iman Sugema            Director of Risk Management
                                            Fraud Strategy Program             4.   Human Brillianto
                                        b. Significant Reports Reported        5.   Suhendi Muharam
                                            to OJK
                                        Kick Off Meeting Audit of BNI
                                        Consolidated Financial Reports         1.    Asmawi Syam           •   Finance Director
                                        and Other Reports for the Fiscal       2.   Sigit Widyawan         •   KAP Tanudiredja, Wibisana, Rintis,
 22      September 26, 2023
                                        Year Ending 31 December 2023           3.   Iman Sugema                and Rekan
                                        by KAP Tanudiredja, Wibisana,          4.   Human Brillianto       •   Related Divisions
                                        Rintis & Rekan
                                                                               1.   Asmawi Syam
                                                                               2.   Sigit Widyawan
                                        Discussion of Internal Audit Unit
 23      October 3, 2023                                                       3.   Iman Sugema            Internal Audit
                                        Audit Results Report
                                                                               4.   Human Brillianto
                                                                               5.   Suhendi Muharam
                                        Discussion of the Provision of         1.   Asmawi Syam            •   Finance Director
                                        Non-Assurance Services by              2.   Sigit Widyawan         •   Director of Network & Services
                                        KAP Tanudiredja, Wibisana,
 24      October 10, 2023                                                      3.   Iman Sugema            •   BNI Life
                                        Rintis, and Rekan on the
                                                                               4.   Human Brillianto       •   BNI Life Audit Committee
                                        Implementation of PSAK 74/IFRS
                                                                               5.   Suhendi Muharam        •   Related Divisions
                                        17 at BNI Life
                                                                               1.   Asmawi Syam
                                        Discussion of Review Results of        2.   Sigit Widyawan
                                        the Proposed Plan to Write Off
 25      October 10, 2023                                                      3.   Iman Sugema            -
                                        Credit Books with a Limit above
                                        IDR200 billion                         4.   Human Brillianto
                                                                               5.   Suhendi Muharam
                                        Evaluation of the Bank's Internal
                                        Audit Function for the Third
                                        Quarter/2023 period, including
                                        discussion of:
                                        a. Evaluation of the Main Audit        1.   Asmawi Syam
                                           Results                             2.   Sigit Widyawan
 26      October 31, 2023               b. Realization of RAT Internal         3.   Iman Sugema            Internal Audit
                                           Audit                               4.   Human Brillianto
                                        c. Follow-up on IAD and                5.   Suhendi Muharam
                                           External Auditor Audit
                                           Results
                                        d. Whistle Blowing System
                                           Management




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                                                         Audit Committee Meetings Agenda
        No.         Date of Meeting                    Meeting Agenda                Meeting Participants                       Invited
                                                Internal Meeting of Audit
                                                Committee Discussion of KA
                                                Review Results on Application        1.   Asmawi Syam
                                                for Procurement and Budget           2.   Sigit Widyawan
        27     November 14, 2023                Principle Permit for General         3.   Iman Sugema            -
                                                Audit Services for BNI Financial     4.   Human Brillianto
                                                Reports and Other Reports for        5.   Suhendi Muharam
                                                the Fiscal Year Ending December
                                                31, 2024

                                                Internal Meeting of Audit            1.   Asmawi Syam
                                                Committee                            2.   Sigit Widyawan
        28     November 23, 2023                Discussion of the Results of         3.   Iman Sugema            -
                                                the KA Review of the Bank's          4.   Human Brillianto
                                                Business Plan                        5.   Suhendi Muharam
                                                Internal Audit Committee
                                                Meeting
                                                a. Discussion of Review Results
                                                    of the Proposed Plan to Write
                                                                                     1.   Asmawi Syam
                                                    Off Credit Books with a Limit
                                                                                     2.   Sigit Widyawan
                                                    above IDR 200 billion and a
        29     November 28, 2023                                                     3.   Iman Sugema            -
                                                    limit of IDR 100 billion – IDR
                                                                                     4.   Human Brillianto
                                                    200 billion
                                                                                     5.   Suhendi Muharam
                                                b. Discussion of the Results of
                                                    the Audit Committee Review
                                                    of the 2024 DPLK Business
                                                    Plan
                                                                                     1.   Asmawi Syam            •   Director of Risk Management
                                                Discussion of Review Results         2.   Sigit Widyawan         •   Director of Human Capital &
                                                of the Proposed Plan to Write
        30     November 30, 2023                                                     3.   Iman Sugema                Compliance
                                                Off Credit Books with a Limit of
                                                                                     4.   Human Brillianto       •   SEVP Remedial & Recovery
                                                IDR100 billion - IDR200 billion
                                                                                     5.   Suhendi Muharam        •   Related Divisions

                                                Internal Meeting of Audit
                                                Committee
                                                                                     1.   Asmawi Syam
                                                a. Evaluation of the Audit
                                                                                     2.   Sigit Widyawan
                                                    Committee Work Plan for
        31     December 5, 2023                                                      3.   Iman Sugema            -
                                                    2023
                                                                                     4.   Human Brillianto
                                                b. Discussion of the Audit
                                                                                     5.   Suhendi Muharam
                                                    Committee Work Plan for
                                                    2024
                                                Discussion of the Evaluation
                                                of BNI's Compliance Function
                                                                                     1.   Asmawi Syam
                                                Quarter III/2023, including:
                                                                                     2.   Sigit Widyawan         •   Director of Human Capital &
                                                a. Realization of Compliance
        32     December 19, 2023                    Division Review and Follow-      3.   Iman Sugema                Compliance
                                                                                     4.   Human Brillianto       •   Related Divisions
                                                    up
                                                                                     5.   Suhendi Muharam
                                                b. Progress in Settlement of
                                                    Employee Cases
                                                                                     1.   Asmawi Syam
                                                Discussion of Review Results of      2.   Sigit Widyawan
                                                the Proposed Plan to Write Off
        33     December 19, 2023                                                     3.   Iman Sugema            -
                                                Credit Books with a Limit above
                                                IDR200 billion                       4.   Human Brillianto
                                                                                     5.   Suhendi Muharam
                                                                                                                 •   Finance Director
                                                                                                                 •   Director of Risk Management
                                                Progress of Audit Meeting of BNI
                                                                                     1.   Asmawi Syam            •   Director of Technology &
                                                Consolidated Financial Reports
                                                                                     2.   Sigit Widyawan             Operations
                                                and Other Reports for the Fiscal
                                                                                                                 •   Director of Network & Services
        34     December 27, 2023                Year Ending 31 December 2023         3.   Iman Sugema
                                                                                                                 •   Director of Enterprise &
                                                by KAP Tanudiredja, Wibisana,        4.   Human Brillianto           Commercial Banking
                                                Rintis, and Partners (member of      5.   Suhendi Muharam        •   Director of Retail Banking
                                                Pricewaterhouse Coopers)
                                                                                                                 •   SEVP Corporate Banking
                                                                                                                 •   Related Divisions


      The Audit Committee also provided input in Committee in Board of Commissioners Committee meetings that invited the
      Audit Committee. During 2023, the Audit Committee attended 3 (three) other Committee meetings.


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          Practices          Governance              Responsibility                Commitment                  Statements




BRIEF REPORT ON THE AUDIT                                                 7. Conducting an assessment of the BNI Internal Control
COMMITTEE’S ACTIVITIES IN 2022                                                System.
                                                                              a. Evaluating the implementation of the Whistleblowing
To ensure Good Corporate Governance implementation,                               System (WBS);
the Board of Commissioners has an Audit Committee that                        b. Evaluating the implementation of the Anti Fraud
carries out its duties and responsibilities in accordance with                    Strategy Program.
applicable regulations. The Audit Committee duties and                    8. Reviewing the Company’s monthly performance reports;
responsibilities and its Code of Ethics have been included                9. Reviewing the Company’s Good Corporate Governance
in the Audit Committee Charter and Code of Ethics, as                         (GCG) implementation;
stipulated by the Board of Commissioners.                                 10. Reviewing the Financial Institution Pension Fund
                                                                              Investment Performance (DPLK);
To fulfill the OJK Regulation No. 55/POJK.04/2015 dated                   11. Reviewing the Supervision of Business Realization of
December 23, 2015, BNI has posted the Audit Committee                         Financial Institution Pension Funds (DPLK);
Charter and other information required in the OJK                         12. Reviewing the Supervision of Governance of Financial
Regulation on the Company’s website.                                          Institution Pension Funds (DPLK);
                                                                          13. Reviewing the 2023 Baseline Proposal and the 2024Target
During 2023, the Audit Committee carried out the following                    of Macroprudential Inclusive Financing in order to Achieve
duties and responsibilities:                                                  BNI’s Macroprudential Inclusive Financing Ratio (RPIM);
1. Reviewing the financial information to be issued by the                14. Reviewing Management’s proposals that require the
   Company to the public and/or the authorities;                              approval of the Board of Commissioners;
2. Reviewing compliance with laws and regulations related                 15. Conducting Audit Committee Work Visits to Branches/
   to the Company’s activities;                                               Centra/ Regions, as well as Data Centers and Disaster
3. Evaluating the effectiveness of the audit/services                         Recovery Centers;
   provided by the Public Accounting Firm (KAP), including                16. Preparing reports related to the Audit Committee duties:
   reviewing its independence and objectivity;                                a. Audit Committee Report for the Annual Report;
4. Providing recommendations to the Board of                                  b. Report on the realization of the Audit Committee
   Commissioners on the appointment of Public                                     work program.
   Accountants and Public Accounting Firm for the fiscal                  17. Audit Committee Review of the Write-Off Plan with a
   year 2023 audit;                                                           Limit of IDR200 billion;
5. Preparing a report on the KA evaluation results on the                 18. Reviewing and Input the Audit Committee Write-Off
   provision of KAP audit services for fiscal year 2022;                      Plans with a Limit of IDR100 billion up to IDR200 billion;
6. Reviewing the audit by the internal and external                       19. Reviewing Fraud that Occurred;
   auditors, and supervising the follow-up actions by the                 20. Coordinating committees;
   Board of Directors on the auditors’ findings:                          21. Carry out dispositions from the Board of Commissioners.
   a. Reviewing the planning and implementation of the
       IAD audit and consultation, as well as supervising                 Through Committee meetings held throughout 2023, the
       the follow-up to the IAD audit results;                            Audit Committee also held discussions with related parties
   b. Reviewing the planning and implementation of the                    regarding the following matters:
       Compliance Division review, as well as supervising                 1. Management
       the follow-up of the Compliance Division review                       The Audit Committee reviews the audited and unaudited
       results;                                                              financial statements to be published in 2023, to ensure
   c. Reviewing the implementation of the OJK                                the information content and disclosure is in accordance
       Examination, as well as supervising the follow- up                    with accounting standards and prevailing regulations.
       to the OJK examination results;                                       Evaluations of the audit effectiveness, independence,
   d. Reviewing the implementation of the BPK Audit,                         objectivity, and adequacy of the audit scope by external
       as well as supervising the follow-up to the BPK                       auditors is also carried out by the Audit Committee
       audit results;                                                        through discussions with Management. The Audit
   e. Reviewing the implementation of the KAP Audit, as                      Committee also discusses and monitors the follow-up
       well as supervising the follow-up to the of the KAP                   completion of the internal and external audit findings,
       audit results (Management Letter);                                    monitors the follow-up to the settlement of cases
   f. Monitoring the preparation of reports from the                         that occur in order to encourage the acceleration of
       Board of Directors and Board of Commissioners                         settlement as well as the necessary administrative
       on the main points of the audit results;                              sanction steps.
   g. Monitoring the progress of the settlement of
       employee cases, and follow up on cases related
       to fraud;




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           To improve the quality of the Bank’s lending, the Audit     3. Internal Audit
           Committee through the Board of Commissioners has               The Audit Committee reviews the annual internal
           recommended Management conduct a thorough review               audit plan, monitors the inspection results, as well
           of BNI’s loan process.                                         as the follow- up on its completion by the Company’s
                                                                          Management. The Audit Committee also held
      2. External Auditor                                                 discussions with the Internal Audit (IAD), in an effort
         Regarding the audit process of the company’s financial           to encourage the effectiveness and strengthening of
         statements as of December 31, 2023 carried out by the            the functions of the IAD.
         Public Accounting Firm (KAP), the Audit Committee
         discussed the audit plan, monitored the audit progress           Based on the IAD’s 2023 Annual Work Plan and Budget
         including findings that required adjustments, evaluated          (RKAT), the realization of the planned activities carried
         internal control including internal control over the             out by IAD were as follows:
         Company’s financial reporting, as well as the quality
         of the Company’s overall financial reporting.                     No.     Type of Activity            Plan            Realization
                                                                                   Audit Delivery
                                                                             1                                        116            109
           In the monitoring function of the audit results conducted               Channel
           by external auditors, namely Bank Indonesia (BI),                 2     Audit KCLN                          5              4
           the Financial Services Authority (OJK), the Supreme               3     Mandatory Audit                    12              17
           Audit Agency (BPK), the Financial Transaction Reports
                                                                             4     Division Audit                      2              2
           and Analysis Center (PPATK), and KAP, the Audit
                                                                             5     Audit of Subsidiaries               4              6
           Committee evaluated the follow-up actions taken by
                                                                                   Thematic/Activity
           the Management on the audit results of the said external
                                                                                   Audit IT incl. IT
           auditor. The review and evaluation of the results of              6                                        60              74
                                                                                   applications and
           external audits conducted by the Audit Committee until                  Non-IT
           the end of 2023 were as follows:                                  7     Independent Review                  9              17
           1. Progress in completing BI audit results was 87.69%             8     Consultation                        2              3
                with a total of 16 pending commitments out of a              9     Surprise                            -              1
                total of 130 commitments;                                   10     Deepening                           -              15
           2. Progress in completing the OJK audit results was
                                                                           Total                                      210            248
                98.80% with a total of 14 recommendations pending
                out of a total of 1168 recommendations;
           3. Progress in completing the BPK audit results was            The Internal Audit activities carried out realized 118,10%
                86.16% with a total of 53 recommendations pending         of the plan determined based on the 2023 Annual Work
                out of a total of 383 recommendations;                    Plan and Budget (RKAT).
           4. Progress in completing the Management Letter
                for KAP Tanudiredja, Wibisana, Rintis & Partners          From the results of the review and evaluation of the
                (member of Pricewaterhouse Coopers) is 94.12%             Internal Audit’s follow-up up to the end of 2023, the
                with the number of pending recommendations                IAD audit follow-up progress reached 99.63%. There
                being 1 out of a total of 17 recommendations.             are 88 follow-ups that are still in the process of being
                                                                          completed, namely 28 pending follow-ups in 2022, and
           The Audit Committee has prepared an Evaluation                 60 pending follow-ups in 2023.
           Results Report Implementation of Audit Services for
           Annual Historical Financial Information for Fiscal Year        Based on the results of the review and evaluation of
           2022 by KAP Tanudiredja, Wibisana, Rintis & Partners           the Whistleblowing System (WBS) reports, during 2023
           (a member firm of the PricewaterhouseCoopers                   there were 235 reports submitted through the WBS,
           network). In order to comply with OJK Regulation no. 13/       consisting of 82 reports outside the scope of the WBS
           POJK.03/2017 dated March 27, 2017 as revoked by OJK            and 153 reports within the scope of the WBS. Of the
           Regulation No. 9 of 2023 concerning the Use of Public          235 reports, 113 reports were not proven to be true/
           Accounting Services and Public Accounting Firms in             insufficient evidence, 38 follow-up reports are still in
           Financial Services Activities, the Company has reported        the process of completion, and 48 reports have been
           the Audit Committee Evaluation Results Report to the           proven. Of the proven reports, there were 12 proven
           OJK in June 2023.                                              reports related to unethical behavior, 5 proven reports
                                                                          related to fraud, 14 proven reports related to violations
                                                                          of regulations/laws, and 1 proven reports related to
                                                                          conflicts of interest.




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          Practices          Governance            Responsibility                Commitment                  Statements




    To optimize its role, the Audit Committee has                          The implementation of the Anti-Fraud Strategy for
    recommended the implementation of Risk Based                           Semester II 2023 was reported to OJK in January 2024,
    Audit as an audit method and approach used by IAD                      and the Implementation of the Anti-Fraud Strategy for
    in conducting audits.                                                  Semester I 2023 was reported to OJK in July 2023. In
                                                                           2023 the number of internal frauds that occurred was
4. Compliance Director                                                     69 (sixty-nine) incidents (2 of which were significant
   Based on the results of the Audit Committee’s review of                 fraud which were reported incidentally to the OJK),
   the Compliance Report on Banking provisions and other                   while the number of external frauds that occurred was
   relevant legislation, the results are submitted in the                  16 (sixteen) incidents.
   form of a Compliance Director’s Duties Implementation
   Report. During 2023, the Company routinely submitted                 5. Board of Commissioners
   these reports to OJK in accordance with OJK Regulation                  The Audit Committee Duties and responsibilities, as well
   No. 46/POJK.03/2017 concerning Implementation of                        as recommendations, have been periodically reported
   Compliance Function for Commercial Banks. In addition                   to the Board of Commissioners, as follows:
   to this, the Audit Committee also conducted reviews                     a. Review of the proposed KAP appointment
   and discussions on the Compliance Division work                             and the Audit Committee recommendations
   plans, development of employee case processes, and                          to the Board of Commissioners to appoint KAP
   implementation of the Anti-Fraud Strategy Program.                          Tanudiredja, Wibisana, Rintis & Partners (member
                                                                               of PricewaterhouseCoopers) to audit the BNI
    Discussion of the Compliance Division's work plan was                      Consolidated Financial Statements ending
    carried out to encourage effective synergy between the                     December 31, 2023, and review of the effectiveness
    Compliance, Anti-Fraud and Internal Audit Divisions                        of the Public Accounting Firm Audit Services
    in carrying out supervisory functions, especially the                      including aspects of independence and objectivity;
    Company's compliance with applicable regulations.                      b. Review of the Bank’s Published Financial Statements;
                                                                           c. Review of the effectiveness of the Internal Audit
    Based on the results of the examination and evaluation                     function related to the RKAT, audit findings and
    of the employee case resolution process in 2023, there                     recommendations including compliance with
    are 156 (one hundred and fifty-six) cases, consisting                      Internal Control, risk management processes and
    of 108 (one hundred and eight) cases that have been                        implementation of corporate governance (GCG);
    processed, while 48 (forty eight) cases are still in the               d. Review of the follow-up effectiveness on the
    process of being resolved.                                                 completion of the findings of the Internal Auditors
                                                                               and External Auditors (OJK, BPK, PPATK);
    For cases that have been processed, employees who are                  e. Review of the monthly performance report of the
    proven to have committed violations and/or fraud will                      Company, the proposed revision of the RBB for the
    be followed up by providing administrative sanctions                       Year 2023- 2025, and the proposed RBB for the year
    in the form of:                                                            2024-2026 submitted by the Management;
    • Termination of employment for 66 (sixty-six)                         f. Review and providing input on plans to write off
        employees;                                                             loans with a limit of IDR100 billion to IDR200 billion;
    • Demotion of 20 (twenty) employees;                                   g. Review of the Management’s proposals requiring
    • Letter of Strong Reprimand to 24 (twenty-four)                           the approval of the Board of Commissioners;
        employees;                                                         h. Prepared the main points of the Audit Committee
    • Letter of Reprimand to 42 (forty-two) employees;                         advice and opinions based on the Audit Committee
    • Letter of Guidance to 79 (seventy-nine) employees.                       Meeting results, and recommended to the Board of
                                                                               Commissioners to submit the main points of Audit
                                                                               Committee advice and opinions to the Management
                                                                               for follow-up.




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      NOMINATION AND REMUNERATION                                       NOMINATION AND REMUNERATION COMMITTEE
      COMMITTEE                                                         STRUCTURE, MEMBERSHIP AND EXPERTISE
      The Nomination and Remuneration Committee is a                    The Nomination and Remuneration Committee structure
      supporting organ tasked with assisting the Board of               and membership is set forth in the Nomination and
      Commissioners in carrying out its supervisory function and        Remuneration Committee Charter as follows:
      providing advice regarding determining the qualifications         1. The Nomination and Remuneration Committee is
      and nomination process as well as remuneration for the                established by the Board of Commissioners.The Board
      Board of Commissioners and Board of Directors, Committee              of Commissioners may establish a separate Nomination
      members at the Board of Commissioners level, and all Bank             and Remuneration Committee;
      employees based on applicable regulations.                        2. The Nomination and Remuneration Committee shall act
                                                                            in an independent and responsible manner reporting
      BASIS FOR ESTABLISHMENT OF THE NOMINATION                             directly to the Board of Commissioners;
      AND REMUNERATION COMMITTEE                                        3. Appointment of Nomination and Remuneration
      BNI’s Nomination and Remuneration Committee was                       Committee members for the Board of Directors is based
      established in 2002 based on the Board of Commissioners               on a Board of Commissioners’ Meeting Decision;
      Decree No. Kep/01/DK/2002 dated December 2, 2002                  4. The Nomination and Remuneration Committee
      concerning the Establishment of the Nomination                        consists of at least three (3) members, namely 1 (one)
      and Remuneration Committee. The Nomination and                        Independent Commissioner serving as Chairman, 1
      Remuneration Committee was established by the Board                   (one) Commissioner and 1 (one) company executive
      of Commissioners and carries out their duties according               officer in charge of human resources, or those who
      to the following regulations:                                         occupy managerial positions below the Board of
      1. Financial Services Authority Regulation No. 34/                    Directors in charge of human resources at BNI;
          POJK.04/2014 dated December 8, 2014 concerning the            5. Nomination and Remuneration Committee Members,
          Nomination and Remuneration Committee of Issuers                  other than those mentioned in point 4 above may come
          or Public Companies;                                              from other Board of Commissioners members and
      2. OJK Regulation No. 45/POJK.03/2015 dated                           those from outside BNI;
          December 23, 2015 concerning the Implementation of            6. In the event that the membership of the Nomination
          Remuneration Corporate Governance in Commercial                   and Remuneration Committee is more than 3 (three)
          Banks;                                                            persons, committee members who are Independent
      3. OJK Circular Letter No. 40/ SEOJK.03/2016 dated                    Commissioners shall be at least 2 (two) persons;
          September 26, 2016 concerning the Implementation              7. Other Nomination Committee members as referred to
          of Remuneration Corporate Governance in Commercial                in point 5 cannot come from managerial parties under
          Banks;                                                            the Board of Directors in charge of human resources;
      4. Financial Services Authority Regulation no. 17 of 2023         8. The Nomination and Remuneration Committee
          dated September 14, 2023 concerning Implementation                Chairman will be an Independent Commissioner at BNI;
          of Governance for Commercial Banks;                           9. The Nomination and Remuneration Committee
      5. OJK Circular Letter No. 13/SEOJK.03/2017 dated March               Chairman shall not concurrently serve as chairman
          17, 2017 concerning the Implementation of Corporate               in more than 1 (one) other committee, and may only
          Governance in Commercial Banks;                                   concurrently serve as Committee Chairman in at most
      6. Regulation of the Minister of State-Owned Enterprises              1 (one) other committee in BNI;
          No. PER-2/MBU/03/2023 dated March 3, 2023 concerning          10. Nomination and Remuneration Committee Members
          Guidelines for Governance and Significant Corporate               shall not be allowed from the Board of Directors, either
          Activities of State-Owned Enterprises.                            in BNI or other Banks;
      7. Regulation of the Minister of State-Owned Enterprises          11. If deemed necessary, the Committee may appoint
          No. PER-3/MBU/03/2023 dated March 20, 2023                        a Secretary to the Committee with the assignment,
          concerning Organs and Human Resources of State-                   rights, powers and responsibilities established by the
          Owned Enterprises.                                                Chairman of the Committee.

      Up until December 31, 2023, the Nomination and Remuneration Committee membership composition changed as follows:

      Period January 1, 2023– May 26, 2023
        No.               Name                           Position                Description                         Expertise
               Agus Dermawan Wintarto                                    President Commissioner/            •   Economy
         1                                    Chairman
               Martowardojo                                              Independent Commissioner           •   Banking
                                                                         Vice President Commissioner/       •   Law
         2     Pradjoto                       Member
                                                                         Independent Commissioner           •   Economics
                                                                                                            •   Accountancy Economics
         3     Sigit Widyawan                 Member                     Independent Commissioner
                                                                                                            •   Finance
         4     Askolani                       Member                     Commissioner                       Economics


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          Practices                 Governance                    Responsibility                  Commitment                       Statements




  5     Asmawi Syam                             Member                                 Independent Commissioner                Economics

  6     Susyanto                                Member                                 Commissioner                            Law
                                                                                                                               •    Agribusness
  7     Iman Sugema                             Member                                 Independent Commissioner
                                                                                                                               •    Economics
                                                                                                                               •    Accounting
  8     Septian Hario Seto                      Member                                 Independent Commissioner
                                                                                                                               •    Finance
  9     Erwin Rijanto Slame                     Member                                 Independent Commissioner                Economics

  10    Fadlansyah Lubis                        Member                                 Commissioner                            Law
                                                                                       Head of Human Capital
  11    Dandy Perwandi Sjamsudin1)              Member                                                                         Economics
                                                                                       Management Division
                                                                                                                               •    Economics
  12    Danni Tri Suryani                       Member                                 Independent Party
                                                                                                                               •    HC Management
 Note:
 1)
   Ceased serving as a member of the Nomination and Remuneration Committee since 26 May 2023, and was replaced by Yenni Sari Dewi who served as a member of the
 Nomination and Remuneration Committee since May 26, 2023



Period May 26, 2023 – September 19, 2023
 No.                   Name                                  Position                             Description                               Expertise

        Agus Dermawan Wintarto                                                         President Commissioner/                 •    Economy
  1                                             Chairman
        Martowardojo1)                                                                 Independent Commissioner                •    Banking
                                                                                       Vice President Commissioner/            •    Law
  2     Pradjoto                                Member
                                                                                       Independent Commissioner                •    Economics
                                                                                                                               •    Accountancy Economics
  3     Sigit Widyawan                          Member                                 Independent Commissioner
                                                                                                                               •    Finance
  4     Askolani                                Member                                 Commissioner                            Economics

  5     Asmawi Syam                             Member                                 Independent Commissioner                Economics

  6     Susyanto                                Member                                 Commissioner                            Hukum
                                                                                                                               •    Agribusness
  7     Iman Sugema                             Member                                 Independent Commissioner
                                                                                                                               •    Economics
                                                                                                                               •    Accounting
  8     Septian Hario Seto                      Member                                 Independent Commissioner
                                                                                                                               •    Finance
  9     Erwin Rijanto Slame                     Member                                 Independent Commissioner                Economics

  10    Fadlansyah Lubis                        Member                                 Commissioner                            Law
                                                                                       Head of Human Capital
  11    Dandy Perwandi Sjamsudin1)              Member                                                                         Economics
                                                                                       Management Division
                                                                                                                               •    Economics
  12    Danni Tri Suryani                       Member                                 Independent Party
                                                                                                                               •    HC Management
                                                                                                                               •    Management Economic
                                                                                       Head of Human Capital
  13    Yenni Sari Dewi2)                       Member                                                                         •    Organizational and HR
                                                                                       Strategy Division
                                                                                                                                    Management
 Note:
 1)
    Ceased serving as a member of the Nomination and Remuneration Committee from September 19, 2023
 2)
    Served as a member of the Nomination and Remuneration Committee since May 23, 2023, replacing Dandy Perwandi Sjamsudin who ceased serving as a member of the
 Nomination and Remuneration Committee on May 26, 2023.



Periode September 19, 2023 –October 30, 2023
 No.                   Name                                  Position                             Description                               Expertise
                                                                                        President Commissioner/                •    Law
   1     Pradjoto1)                             Chairman
                                                                                        Independent Commissioner               •    Economics
                                                                                                                               •    Accountancy Economics
   2     Sigit Widyawan                         Member                                  Independent Commissioner
                                                                                                                               •    Finance
   3     Askolani                               Member                                  Commissioner                           Economics

   4     Asmawi Syam                            Member                                  Independent Commissioner               Economics




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      Performance                          Report                            Profile                    Analysis on Company Performance                       Functions




        No.                    Name                                   Position                              Description                               Expertise

          5     Susyanto                                 Member                                  Commissioner                            Law
                                                                                                                                         •    Agribusness
          6     Iman Sugema                              Member                                  Independent Commissioner
                                                                                                                                         •    Economics
                                                                                                                                         •    Accounting
          7     Septian Hario Seto                       Member                                  Independent Commissioner
                                                                                                                                         •    Finance
          8     Erwin Rijanto Slame                      Member                                  Independent Commissioner                Economics

          9     Fadlansyah Lubis                         Member                                  Commissioner                            Law

         10     Robertus Billitea   2)
                                                         Member                                  Commissioner                            Law
                                                                                                                                         •    Economics
         11     Danni Tri Suryani                        Member                                  Independent Party
                                                                                                                                         •    HC Management
                                                                                                                                         •    Management Economic
                                                                                                 Head of Human Capital
         12     Yenni Sari Dewi                          Member                                                                          •    Organizational and HR
                                                                                                 Strategy Division
                                                                                                                                              Management
        Note:
        1)
           Served as Chair of the Nomination and Remuneration Committee since September 21, 2023
        2)
           Served as a member of the Nomination and Remuneration Committee since September 21, 2023



      Periode October 30, 2023 – December 31, 2023
        No.                    Name                                   Position                              Description                               Expertise

                                                                                                 President Commissioner/                  •   Law
          1      Pradjoto                                Chairman
                                                                                                 Independent Commissioner                 •   Economics
                                                                                                                                          •   Accountancy
          2      Pahala Nugraha Mansury1)                Member                                  Wakil Komisaris Utama
                                                                                                                                          •   Economics
                                                                                                                                          •   Accountancy Economics
          3      Sigit Widyawan                          Member                                  Independent Commissioner
                                                                                                                                          •   Finance
          4      Askolani                                Member                                  Commissioner                             Economics

          5      Asmawi Syam                             Member                                  Independent Commissioner                 Economics

          6      Susyanto                                Member                                  Commissioner                             Law
                                                                                                                                          •   Agribusness
          7      Iman Sugema                             Member                                  Independent Commissioner
                                                                                                                                          •   Economics
                                                                                                                                          •   Accounting
          8      Septian Hario Seto                      Member                                  Independent Commissioner
                                                                                                                                          •   Finance
          9      Erwin Rijanto Slame                     Member                                  Independent Commissioner                 Economics

         10      Fadlansyah Lubis                        Member                                  Commissioner                             Law

         11      Robertus Billitea                       Member                                  Commissioner                             Law
                                                                                                                                          •   Economics
         12      Danni Tri Suryani                       Member                                  Independent Party
                                                                                                                                          •   HC Management
                                                                                                                                          •   Management Economic
                                                                                                 Head of Human Capital
         13      Yenni Sari Dewi                         Member                                                                           •   Organizational and HR
                                                                                                 Strategy Division
                                                                                                                                              Management
        Note:
        1)
          Served as Member of the Nomination and Remuneration Committee since October 30, 2023, in the OJK Fit & Proper Test process as Vice President Commissioner so that he
        has not been counted in the quorum




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NOMINATION AND REMUNERATION COMMITTEE PROFILES
A brief profile of the Chairman and Members of the BNI Nomination and Remuneration as of December 31, 2023 as
follows: Chairman of the Nomination and Remuneration Committee.

Nomination and Remuneration Committee Chairman


                                                                 Pradjoto1)
                                           Nomination and Remuneration Committee Chairman
 Profile can be found in the Board of Commissioners Profiles



Nomination and Remuneration Committee Members


                  Pahala Nugraha Mansury2)                                                           Sigit Widyawan
     Nomination and Remuneration Committee Member                                Nomination and Remuneration Committee Member
 Profile can be found in the Board of Commissioners Profiles                  Profile can be found in the Board of Commissioners Profiles



                                Askolani                                                             Asmawi Syam
     Nomination and Remuneration Committee Member                                Nomination and Remuneration Committee Member
 Profile can be found in the Board of Commissioners Profiles                  Profile can be found in the Board of Commissioners Profiles



                               Susyanto                                                              Iman Sugema
     Nomination and Remuneration Committee Member                                Nomination and Remuneration Committee Member
 Profile can be found in the Board of Commissioners Profiles                  Profile can be found in the Board of Commissioners Profiles



                        Septian Hario Seto                                                      Erwin Rijanto Slamet
     Nomination and Remuneration Committee Member                                Nomination and Remuneration Committee Member
 Profile can be found in the Board of Commissioners Profiles                  Profile can be found in the Board of Commissioners Profiles



                            Fadlansyah Lubis                                                        Robertus Billitea3)
     Nomination and Remuneration Committee Member                                Nomination and Remuneration Committee Member
 Profile can be found in the Board of Commissioners Profiles                  Profile can be found in the Board of Commissioners Profiles




                                                           Danni Tri Suryani
                                            Nomination and Remuneration Committee Member
 Nationality                                                              Work experience
 Indonesian citizen                                                       1. Human Capital Head and Corporate Secretary at Mandiri
                                                                             Investment Management (2017-2020)
 Domicile
                                                                          2. Executive Vice President Human Capital at Bank Mutiara/J Trust
 Jakarta
                                                                             (2014-2015)
 Age                                                                      3. Learning and Knowledge Management Group Head at PT Bank
 57 years old, as of December 31, 2023                                       Niaga (Persero) Tbk (2006-2009)

 Education                                                                Legal Basis of Appointment
 1. Bachelor's Degree in Management Economics from Universitas            Appointed for the first time as Member of the Nomination and
    Indonesia (1989)                                                      Remuneration Committee in January 2018 based on Board of
                                                                          Commissioners Decree No. KEP/032/ DK/2020 dated August 10,
 2. Master of Science in Human Resources Development from the
                                                                          2020.
    University of Stirling, Scotland, UK (2000)
                                                                          Term of Office
 Certification                                                            2020-2023 (First Period)
 Level 3 Risk Management Certification                                    2023-present (Second Period)

                                                                          Concurrent Positions
                                                                          No concurrent positions internally or externally in the Company




                                                                                           Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   771
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          2023                         Management                          Company                       Management Discussion and                        Business Support
      Performance                        Report                             Profile                    Analysis on Company Performance                       Functions




                                                                             Yenni Sari Dewi4)
                                                       Nomination and Remuneration Committee Member
        Nationality                                                                         Work experience
        Indonesian citizen                                                                  1. Head of Management & Organization Research Group– Strategic
                                                                                               Planning Division (2015-2020),
        Domicile
                                                                                            2. Dean of Leadership & Future Capability Academy – BNI
        Jakarta
                                                                                               Corporate University (2020-2021)
        Place, Date of Birth, Age                                                           3. Deputy Head of Strategy & Policy Division – Human Capital
        45 years old, as of December 31, 2023                                                  Strategy Division (2021-2023)
                                                                                            4. Head of Human Capital Strategy Division at PT Bank Negara
        Education                                                                              Indonesia (Persero), Tbk (2023 - present)
        1. Bachelor's Degree in Nutrition and Animal Feed from Universitas
           Gadjah Mada (2000)                                                               Legal Basis of Appointment
        2. Master’s Degree in General Business from Universitas Gadjah                      Appointed for the first time as Member of the Nomination and
           Mada (2003)                                                                      Remuneration Committee on May 26, 2023 based on Board of
                                                                                            Commissioners Decree No. KEP/002/DK/2023 dated May 26, 2023.
        Certification
        -                                                                                   Term of Office
                                                                                            2023-present (First Period)

                                                                                            Concurrent Positions
                                                                                            Head of Human Capital Strategy Division at PT Bank Negara
                                                                                            Indonesia (Persero), Tbk

      Note:
      1)
        Served as Chairman of the Nomination and Remuneration Committee since September 21, 2023
      2)
        Served as Member of the Nomination and Remuneration Committee since October 30, 2023, in the Fit & Proper Test process OJK as Vice President Commissioner
      3)
        Served as a member of the Nomination and Remuneration Committee since September 21, 2023
      4)
        Served as a member of the Nomination and Remuneration Committee since May 26, 2023



      NOMINATION AND REMUNERATION COMMITTEE EDUCATION QUALIFICATIONS AND WORK EXPERIENCE

       Requirements for members of the Nomination and                                               governing the Independent Parties of committees
       Remuneration Committee, include:                                                             under the Board of Commissioners in the prevailing
       1. Members of the Nomination and Remuneration                                                laws and regulations, in particular the OJK Circular
          Committee must have the following requirements:                                           that regulates the Implementation of Governance
          a. High integrity, ability, knowledge and adequate work                                   for Commercial Banks and the OJK Regulations
              experience in the Nomination and Remuneration                                         governing the Nomination and Remuneration
              Committee’s duties, as well as have an understanding                                  Committee of Issuers or Public Companies;
              of banking;                                                                       b. Has experience related to nominations and/or
          b. Has no personal interests/relationships that may                                       remuneration;
              have a negative impact and conflict of interest on                                c. Is not an employee of BNI;
              the Company;                                                                      d. Does not have any concurrent position as:
          c. Can provide sufficient time to complete the duties;                                    • Member of the Board of Commissioners/
          d. Is able to work with others and communicate well                                         Supervisory Board in State-Owned Enterprises
              and effectively.                                                                        (BUMN) / other companies;
       2. In addition to the requirements as stated in point 1                                      • Secretary/staff Secretary to the Board of
          above, members of the Nomination and Remuneration                                           Commissioners/Supervisory Board in BUMN/
          Committee from an Independent Party must meet the                                           other companies;
          following requirements:                                                                   • Other committee member in the Company.
          a. Has no affiliated or financial relationship,                                    3. The executive officer in charge of human resources must
              management relationship, ownership relationship                                   have knowledge of the remuneration and/or nomination
              and/ or familial relationship with members of the                                 system as well as the Bank’s succession plan;
              Board of Commissioners, members of the Board of                                4. BNI must examine the correctness of all documents or
              Directors and/or Series A Dwiwarna Shareholders or                                data supporting the fulfillment of Independent Party
              any relationship with BNI that may affect their ability                           requirements, including a personal statement regarding
              to act independently. The meaning of Independent                                  the integrity of the Independent Party.
              Party in this charter is guided by the provisions




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          Practices          Governance                     Responsibility             Commitment                  Statements




As of December 31, 2023, the educational qualifications and work experience of the Nomination and Remuneration
Committee Chairman and Members were as follows:

              Educational Qualifications and Work Experience of the Nomination and Remuneration Committee
 Name                                        Position                             Education                            Work Experience
                               Committee Chairman/ Vice               Educational history can be found        Work experience can be found
 Pradjoto1)                    President Commissioner/                in the Board of Commissioners           in the Board of Commissioners
                               Independent Commissioner               Composition Diversity Section           Composition Diversity Section
                                                                      Educational history can be found        Work experience can be found
                               Committee Member/Vice
 Pahala Nugraha Mansury2)                                             in the Board of Commissioners           in the Board of Commissioners
                               President Commissioner
                                                                      Composition Diversity Section           Composition Diversity Section
                                                                      Educational history can be found        Work experience can be found
                               Committee Member/
 Sigit Widyawan                                                       in the Board of Commissioners           in the Board of Commissioners
                               Commissioner
                                                                      Composition Diversity Section           Composition Diversity Section
                                                                      Educational history can be found        Work experience can be found
                               Committee Member/
 Askolani                                                             in the Board of Commissioners           in the Board of Commissioners
                               Commissioner
                                                                      Composition Diversity Section           Composition Diversity Section
                                                                      Educational history can be found        Work experience can be found
                               Committee Member/
 Asmawi Syam                                                          in the Board of Commissioners           in the Board of Commissioners
                               Independent Commissioner
                                                                      Composition Diversity Section           Composition Diversity Section
                                                                      Educational history can be found        Work experience can be found
                               Committee Member/
 Susyanto                                                             in the Board of Commissioners           in the Board of Commissioners
                               Commissioner
                                                                      Composition Diversity Section           Composition Diversity Section
                                                                      Educational history can be found        Work experience can be found
                               Committee Member/
 Iman Sugema                                                          in the Board of Commissioners           in the Board of Commissioners
                               Independent Commissioner
                                                                      Composition Diversity Section           Composition Diversity Section
                                                                      Educational history can be found        Work experience can be found
                               Committee Member/
 Septian Hario Seto                                                   in the Board of Commissioners           in the Board of Commissioners
                               Independent Commissioner
                                                                      Composition Diversity Section           Composition Diversity Section
                                                                      Educational history can be found        Work experience can be found
                               Committee Member/
 Erwin Rijanto Slamet                                                 in the Board of Commissioners           in the Board of Commissioners
                               Independent
                                                                      Composition Diversity Section           Composition Diversity Section
                                                                      Educational history can be found        Work experience can be found
                               Committee Member/
 Fadlansyah Lubis                                                     in the Board of Commissioners           in the Board of Commissioners
                               Commissioner
                                                                      Composition Diversity Section           Composition Diversity Section
                                                                      Educational history can be found        Work experience can be found
                               Committee Member/
 Robertus Billitea3)                                                  in the Board of Commissioners           in the Board of Commissioners
                               Commissioner
                                                                      Composition Diversity Section           Composition Diversity Section
                                                                                                              •   Learning and Knowledge
                                                                                                                  Management Group Head at
                                                                                                                  PT Bank Niaga (Persero) Tbk
                                                                                                              •   Executive Vice President
                                                                      •   Bachelor (S1) in Management             Human Capital at Bank
                                                                          Economics                               Mutiara/J Trust
 Danni Tri Suryani             Independent Party
                                                                      •   Master of Science (S2) in Human     •   Human Capital Director
                                                                          Resources Development                   at Sucorinvest Securities
                                                                                                                  company
                                                                                                              •   Human Capital Leader and
                                                                                                                  Corporate Secretary of Mandiri
                                                                                                                  Investment Management




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          2023                         Management                           Company                         Management Discussion and                      Business Support
      Performance                        Report                              Profile                      Analysis on Company Performance                     Functions




                     Educational Qualifications and Work Experience of the Nomination and Remuneration Committee
        Name                                                 Position                                Education                                 Work Experience
                                                                                                                                     •   Management & Organization
                                                                                                                                         Research Group Leader –
                                                                                                                                         Strategic Planning Division
                                                                                                                                     •   Dean of Leadership & Future
                                                                                                                                         Capability Academy – BNI
                                                                                       •   Bachelor's Degree in Nutrition                Corporate University
                                               •       Committee Member/Head
                                                                                           and Animal Feed                           •   Deputy Head of Strategy
        Yenni Sari Dewi4)                              of Human Capital Strategy
                                                                                       •   Master’s Degree in General                    & Policy Division – Human
                                                       Division
                                                                                           Business                                      Capital Strategy Division (2021-
                                                                                                                                         2023)
                                                                                                                                     •   Head of Human Capital
                                                                                                                                         Strategy Division at PT Bank
                                                                                                                                         Negara Indonesia (Persero),
                                                                                                                                         Tbk (2023 - present)
        note:
        1)
          Served as Chairman of the Nomination and Remuneration Committee since September 21, 2023
        2)
          Served as Member of the Nomination and Remuneration Committee since October 30, 2023, in the OJK Fit & Proper Test process as Vice President Commissioner so that he
        has not been counted in the quorum
        3)
          Served as a member of the Nomination and Remuneration Committee since September 21, 2023
        4)
          Served as a member of the Nomination and Remuneration Committee since May 26, 2023, replacing Dandy Perwandi Sjamsudin who ceased serving as a member of the
        Nomination and Remuneration Committee on May 26, 2023.


      NOMINATION AND REMUNERATION                                                             4. If a member of the Board of Commissioners serving
      COMMITTEE MEMBERS’ TERM OF OFFICE                                                          as the Nomination and Remuneration Committee
      1. The term of office for Nomination and Remuneration                                      Chairman resigns from their position as a member
         Committee members who are Board of Commissioners                                        of the Board of Commissioners, the Nomination and
         members is equal to the period of their appointment as                                  Remuneration Committee Chairman shall be replaced
         a Commissioner as determined by the General Meeting                                     by another member from the Independent Board of
         of Shareholders;                                                                        Commissioners within 30 (thirty) days at the latest;
      2. Nomination and Remuneration Committee Members                                        5. Placement of Nomination and Remuneration Committee
         who are Board of Commissioners member shall                                             member who is not from the Board of Commissioners
         cease if the term of office as a member of the Board of                                 shall take place no later than 60 (sixty) days after the
         Commissioners ends;                                                                     Nomination and Remuneration Committee member
      3. If a Board of Commissioners member appointed                                            ceases performing their functions; and
         as a member of the Nomination and Remuneration                                       6. The term of office for Nomination and Remuneration
         Committee resigns from their position as a Board of                                     Committee independent party members is 3 (three)
         Commissioners member before their term of office                                        years and this can be extended once for 2 (two) years,
         is completed, then they said Committee member                                           so the accumulation tenure in the company is for a
         may be replaced by another member of the Board of                                       maximum of 5 (five) years, but not prejudicing the
         Commissioners;                                                                          rights of the Board of Commissioners to discharge any
                                                                                                 member of the Committee at any time.



      NOMINATION AND REMUNERATION COMMITTEE INDEPENDENCY
      The Chairman and Members of the Nomination and Remuneration Committee provide a fair assessment on all relevant
      conditions and shall not be influenced by personal or any other parties interests when conveying their opinions.

                                                                                                                      No familial relationships
                                     No financial
                                                                   No management                                         with the Board of                  Not serving on
                                     relationships                                               No share
                                                                    relationships in                                 Commissioners, the Board                 the board of
                                     with the Board of                                          ownership
        Name                                                       BNI, subsidiaries                                    of Directors, and/or                 political party
                                     Commissioners                                            relationship in
                                                                      or affiliated                                     fellow members of                   or government
                                     and the Board of                                               BNI
                                                                      companies                                        the Nomination and                        official
                                     Directors
                                                                                                                     Remuneration Committee
        Pradjoto1)                                 √                        √                         √                              √                              √
        Pahala Nugraha
                                                   √                        √                         √                              √                              √
        Mansury2)
        Sigit Widyawan                             √                        √                         √                              √                              √
        Askolani                                   √                        √                         √                              √                              √
        Asmawi Syam                                √                        √                         √                              √                              √




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          Practices                    Governance                       Responsibility                     Commitment                         Statements




                                                                                                                      No familial relationships
                                No financial
                                                               No management                                             with the Board of                     Not serving on
                                relationships                                                   No share
                                                                relationships in                                     Commissioners, the Board                    the board of
                                with the Board of                                              ownership
 Name                                                          BNI, subsidiaries                                        of Directors, and/or                    political party
                                Commissioners                                                relationship in
                                                                  or affiliated                                         fellow members of                      or government
                                and the Board of                                                   BNI
                                                                  companies                                            the Nomination and                           official
                                Directors
                                                                                                                     Remuneration Committee
 Susyanto                                    √                            √                           √                               √                                 √
 Iman Sugema                                 √                            √                           √                               √                                 √
 Septian Hario Seto                          √                            √                           √                               √                                 √
 Erwin Rijanto Slamet                        √                            √                           √                               √                                 √
 Fadlansyah Lubis                            √                            √                           √                               √                                 √
 Robertus Billitea3)                         √                            √                           √                               √                                 √
 Danni Tri Suryani                           √                            √                           √                               √                                 √
 Dandy Perwandi
                                             √                            √                           √                               √                                 √
 Sjamsudin3)
 Yenni Sari Dewi4)                           √                            √                           √                               √                                 √
 Note:
 1)
   Served as Chairman of the Nomination and Remuneration Committee since September 21, 2023
 2)
   Served as Member of the Nomination and Remuneration Committee since October 30, 2023, in the OJK Fit & Proper Test process as Vice President Commissioner so that he has not been
 counted in the quorum
 3)
   Served as a member of the Nomination and Remuneration Committee since September 21, 2023
 4)
   Served as a member of the Nomination and Remuneration Committee since May 26, 2023, replacing Dandy Perwandi Sjamsudin who ceased serving as a member of the Nomination and
 Remuneration Committee on May 26, 2023.


TRAINING AND/OR IMPROVING THE COMPETENCY OF THE
NOMINATION AND REMUNERATION COMMITTEE
To create a workforce that has excellence and competitiveness, the Bank organizes competency development programs
to support the supervisory and management role, especially for providing input to the Board of Commissioners. The
following shows the Nomination and Remuneration Committee competency development for 2023:

                Pradjoto1) – Committee Chairman - President Commissioner/Independent Commissioner of BNI
                        Name of Training/
                                                               Implementation                Implementation
 No                        Workshop/                                                                                        Education Type                     Organizer
                                                                    Date                         Venue
                       Conference/seminar
 Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners


                       Pahala Nugraha Mansury2) – Committee Member – Vice President Commissioner of BNI
                        Name of Training/
                                                                   Tanggal                        Tempat                         Jenis
 No                        Workshop/                                                                                                                       Penyelenggara
                                                                 pelaksanaan                    pelaksanaan                    Pendidikan
                       Conference/seminar
 Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                                Sigit Widyawan – Committee Member – Independent Commissioner of BNI
                        Name of Training/
                                                               Implementation                Implementation
 No                        Workshop/                                                                                        Education Type                     Organizer
                                                                    Date                         Venue
                       Conference/seminar
 Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                                                  Askolani – Committee Member – BNI Commissioner
                        Name of Training/
                                                               Implementation                Implementation
 No                        Workshop/                                                                                        Education Type                     Organizer
                                                                    Date                         Venue
                       Conference/seminar
 Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners




                                                                                                                Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk            775
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          2023                   Management                  Company                 Management Discussion and            Business Support
      Performance                  Report                     Profile              Analysis on Company Performance           Functions




                                Asmawi Syam – Committee Member – Independent Commissioner of BNI
                         Name of Training/
                                                     Implementation        Implementation
        No                  Workshop/                                                               Education Type         Organizer
                                                          Date                 Venue
                        Conference/seminar
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners


                                              Susyanto – Committee Member – BNI Commissioner
                         Name of Training/
                                                     Implementation        Implementation
        No                  Workshop/                                                               Education Type         Organizer
                                                          Date                 Venue
                        Conference/seminar
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners

                                Iman Sugema – Committee Member – Independent Commissioner of BNI
                         Name of Training/
                                                     Implementation        Implementation
        No                  Workshop/                                                               Education Type         Organizer
                                                          Date                 Venue
                        Conference/seminar
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                              Septian Hario Seto – Committee Member – Independent Commissioner of BNI
                         Name of Training/
                                                     Implementation        Implementation
        No                  Workshop/                                                               Education Type         Organizer
                                                          Date                 Venue
                        Conference/seminar
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                             Erwin Rijanto Slamet – Committee Member – Independent Commissioner of BNI
                         Name of Training/
                                                     Implementation        Implementation
        No                  Workshop/                                                               Education Type         Organizer
                                                          Date                 Venue
                        Conference/seminar
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                                      Fadlansyah Lubis – Committee Member – BNI Commissioner
                         Name of Training/
                                                     Implementation        Implementation
        No                  Workshop/                                                               Education Type         Organizer
                                                          Date                 Venue
                        Conference/seminar
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                                      Robertus Billitea3) – Committee Member – BNI Commissioner
                         Name of Training/
                                                     Implementation        Implementation
        No                  Workshop/                                                               Education Type         Organizer
                                                          Date                 Venue
                        Conference/seminar
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners




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          Practices                 Governance                      Responsibility                  Commitment                      Statements




                                         Danni Tri Suryani – Committee Member –Independent Party
             Name of Training/Workshop/                     Implementation               Implementation
 No                                                                                                               Education Type                   Organizer
                Conference/seminar                               Date                        Venue
          Development, Characteristics and Risk
                                                                                                                                           BNI Corporate
 1        Management of the Pension Fund                   May 23, 2023               Jakarta                   Training
                                                                                                                                           University
          Industry
          Socialization of Technical Guidelines for
 2        the Composition and Qualifications of            June 13, 2023              Zoom                      Training                   SOE Ministry
          Risk Management Organs
          Anti-Money Laundering and
          Prevention of Terrorism Financing,
                                                                                                                                           BNI Corporate
          and Prevention of Funding for the
 3                                                         August 30, 2023            Jakarta                   Seminar                    University and
          Proliferation of Weapons of Mass
                                                                                                                                           Compliance Division
          Destruction (APU PPT and PPPSPM)
          in the 2023 Financial Services Sector
          Development, Characteristics and                                                                                                 Pricewaterhouse-
 4        Risk Management of the Financing                 September 5, 2023          Jakarta                   Training                   Cooper and BNI
          Company Industry                                                                                                                 University


                        Yenni Sari Dewi4) – Committee Member – Head of Human Capital Strategy Division

                 Name of Training/Workshop/                   Implementation               Implementation
 No                                                                                                                   Education Type                 Organizer
                    Conference/seminar                             Date                        Venue
                Realizing Value Through Business
 1                                                           September 22, 2023           Jakarta                   Seminar                    Delloite
                Agility – The Role of HR
                Skill-First, Tech –Driven Workforce
 2              Transformation : A Strategic HR              October 19, 2023             Jakarta                   Seminar                    PWC
                Perspective
                Moderator 4th Indonesia Human
                Capital Summit – Wrap Up The                                                                                                   Forum Human
 3                                                           November 7, 2023             Jakarta                   Seminar
                Journey (orchestrating 4th themes                                                                                              Capital Indonesia
                IHCS)
                Advanced Adaptive Leadership                 November 27-30,                                                                   UNSW Business
 4                                                                                        Sydney                    Training
                Program                                      2023                                                                              School
 Note:

 1)
   Served as Chairman of the Nomination and Remuneration Committee since September 21, 2023
 2)
   Served as Member of the Nomination and Remuneration Committee since October 30, 2023, in the OJK Fit & Proper Test process as Vice President Commissioner so that he
 has not been counted in the quorum
 3)
   Served as a member of the Nomination and Remuneration Committee since September 21, 2023
 4)
   Served as a member of the Nomination and Remuneration Committee since May 26, 2023


NOMINATION AND REMUNERATION                                                                  b. Assists the Board of Commissioners to assess the
COMMITTEE DUTIES AND RESPONSIBILITIES                                                           Board of Directors and/or Board of Commissioners
recommendations to the Board of Commissioners                                                   members performance based on benchmarks that
regarding nomination and remuneration systems/ policies                                         had been developed as an evaluation;
for Commissioners, Directors, executive officers and                                         c. Provides recommendations to the Board of
employees as a whole, including in this case reviewing and                                      Commissioners regarding the capacity building
evaluating the company’s talent management systems and                                          program for Board of Directors and/ or Board of
policies, as well as evaluating the organization development                                    Commissioners members;
proposed by the Board of Directors.                                                          d. Provides proposals/recommendations for
1. Related to nomination:                                                                       candidates who qualify as Board of Directors and/
    a. Provides recommendations to the Board of                                                 or Board of Commissioners members to the Board
        Commissioners on:                                                                       of Commissioners to be submitted to the General
        • Membership Composition for the Board of                                               Meeting of Shareholders;
           Directors and/or members of the Board of                                          e. Develops and provides recommendations to the
           Commissioners;                                                                       Board of Commissioners regarding the systems
        • Policies and criteria required in the Nomination                                      and procedures for replacement of Board of
           process; and                                                                         Commissioners and/or Board of Directors members
        • Performance evaluation policies for Members                                           to the Board of Commissioners to be submitted to
           of the Board of Directors and/or members of the                                      the General Meeting of Shareholders;
           Board of Commissioners.




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         f. Prepares and provides recommendations to the           4. Carry out other duties assigned by the Board of
            Board of Commissioners regarding the process of           Commissioners related to the nomination and
            managing and implementing talent development for          remuneration functions.
            the executives of State Owned Enterprises (Directors   5. The procedure for carrying out the Nomination and
            and one level below the Board of Directors);              Remuneration Committee duties and functions is
         g. Provides recommendations to the Board of                  carried out in accordance with the OJK Regulations
            Commissioners on Independent parties who will             that regulates the Nomination and Remuneration
            become members of the Audit Committee and the             Committee for Commercial Banks, the OJK Regulations
            Risk Monitoring Committee.                                that regulates the Nomination and Remuneration
      2. Related to remuneration                                      Committee of Issuers or Public Companies and the
         a. Evaluates remuneration system/policy based on             OJK Regulations that regulates the implementation of
            performance, risk, fairness against peer groups,          corporate governance. management in the provision
            target, and long term Bank strategy, fulfillment of       of remuneration for commercial banks.
            reserves as regulated in rules and regulations and
            future potential of Bank earnings.                     NOMINATION AND REMUNERATION COMMITTEE
         b. Develops and provides recommendations to the           AUTHORITIES, RIGHTS, AND OBLIGATIONS
            Board of Commissioners regarding:                      1. Based on a written assignment from the Board of
            • Remuneration structure;                                 Commissioners, Nomination and Remuneration
            • Remuneration policy; and                                Committee may access the records or information about
            • Amount of remuneration.                                 employees, funds, assets, and other resources owned
            Structure, policy and amount of remuneration for the      by the company relating to the performance of its duties.
            Board of Commissioners and the Board of Directors         The Committee shall report in writing the results of the
            mentioned above to be evaluated by the Nomination         assignment to the Board of Commissioners;
            and Remuneration Committee at least once a year.       2. To carry out its duties, the Nomination and Remuneration
         c. Deli ver evaluation results and provide                   Committee shall cooperate with the Human Capital
            recommendations to the Board of Commissioners on:         Division and other relevant Divisions;
            • Remuneration policy for the Board of Directors       3. The Nomination and Remuneration Committee, with
               and the Board of Commissioners to be submitted         the approval of the Board of Commissioners, reserves
               to the General Meeting of Shareholders;                the right to appoint a third party (person or entity) to
            • Remuneration policy for executive officers and          assist their duties;
               employees overall to be submitted to the Board      4. The Nomination and Remuneration Committee
               of Directors.                                          Members shall perform their duties properly and
         d. Ensure the remuneration policy is in accordance           maintain the confidentiality of all documents, data
            with prevailing regulations.                              and company information from both internal and
         e. Conduct regular evaluations of the Implementation         external parties and use them only for the benefit of
            of remuneration policies.                                 the Committee’s duties;
         f. Assist the Board of Commissioners in conducting        5. The Nomination and Remuneration Committee, related
            performance appraisals in accordance with the             to the remuneration policy, shall take into account at
            remuneration received by each of the Board of             least:
            Directors and/or the Board of Commissioners               a. Financial performance and fulfillment of reserves
            members.                                                      as regulated in applicable legislation;
      3. Related to Talent Management                                 b. Individual work performance;
         a. Evaluate the Talent Classification systems and            c. Appropriateness with peer groups; and
            procedures carried out by the Board of Directors;         d. Consideration of the Bank’s long-term targets and
         b. Conduct regular reviews of the Company’s Talent               strategies.
            Management System and monitor and evaluate
            its implementation;
         c. Validate and calibrate the Talent proposed by the
            Board of Directors to the Board of Commissioners/
            Supervisory Board (Selected Talent), to produce
            a list of Talent to be nominated by the Board of
            Commissioners/ Supervisory Board to the GMS/
            Minister (Nominated Talent).




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6. Before the end of the current fiscal year, the Nomination            POLICY AND IMPLEMENTATION OF
   and Remuneration Committee shall prepare and                         FREQUENCY OF NOMINATION AND
   submit work plan and annual budget to the Board of                   REMUNERATION COMMITTEE MEETINGS
   Commissioners to be set, with a copy delivered by the                1. Nomination and Remuneration Committee meetings
   Board of Commissioners to the Board of Directors.                       shall be held in accordance with the needs of the
   The implementation of Nomination and Remuneration                       Company, at least four (4) times a year;
   Committee work plan and annual budget will be                        2. Nomination and Remuneration Committee meetings
   reported to the Board of Commissioners;                                 may only be held if attended by a majority of members,
7. The Nomination and Remuneration Committee                               with the majority there being the Chairman and 1 (one)
   shall prepare and submit reports on their tasks,                        Executive Officer in charge of Human Resources, or the
   responsibilities and procedures to the Board of                         party occupying a managerial position under the Board
   Commissioners.                                                          of Directors in charge of Human Capital;
                                                                        3. The meetings shall be chaired by the Chairman, and if
NOMINATION AND REMUNERATION                                                they are unable to attend the meeting, it shall be chaired
COMMITTEE CHARTER                                                          by a senior committee member appointed/agreed upon
In order to carry out the duties of the Nomination and                     in the meeting;
Remuneration Committee optimally, the Bank has a                        4. Decision making in the meetings shall be conducted
Committee Charter that is continuously refined and                         based on consensus agreement. In the absence of
updated in accordance with developments of prevailing                      consensus, decisions shall be made on the basis of
legal regulations and current conditions.The latest update/                a majority vote with the principle of 1 (one) person 1
improvement of the Nomination and Remuneration                             (one) vote;
Committee Charter was carried out in 2022 as stipulated                 5. If the result of voting is a tie, then the decision shall be
in the PT Bank Negara Indonesia (Persero) Tbk Board of                     made on the basis of a majority vote with the principle
Commissioners Decree No. KEP/006/DK/2022 dated June                        of 1 (one) person 1 (one) vote, excluding the votes from
2, 2022 concerning the Nomination and Remuneration                         the Executive Officer of Human Capital, or the party
Committee Charter.                                                         occupying a managerial position under the Board of
                                                                           Directors in charge of Human Capital;
The Nomination and Remuneration Committee Charter                       6. The results of meetings will be recorded in the meeting
contains:                                                                  minutes and signed by all members of the Committee
1. Legal Basis;                                                            and properly documented;
2. Nomination and Remuneration Organizational structure                 7. Any dissenting opinions that occurred in the meeting
   and Committee membership;                                               shall be clearly detailed in the meeting minutes;
3. Remuneration and Nomination Committee Membership                     8. The meeting minutes, as referred to in item 6 above,
   requirements;                                                           shall be submitted in writing by the Nomination
4. Remuneration and Nomination Committee                                   and Remuneration Committee to the Board of
   responsibilities;                                                       Commissioners;
5. Remuneration and Nomination Committee duties;                        9. Members attendance at meetings will be reported in a
6. Remuneration and Nomination Committee authorities,                      quarterly report and the annual report of the Nomination
   rights and obligations;                                                 and Remuneration Committee.
7. Remuneration and Nomination Committee Meetings;
8. Remuneration and Nomination Committee members
   Term of Office.




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      NOMINATION AND REMUNERATION COMMITTEE MEETING AGENDA
      During 2023, the implementation dates, meeting agendas and participants in the Nomination and Remuneration Committee
      Meetings were as follows:

                                      Nomination and Remuneration Committee Meeting Agenda Table
       No.          Meeting Date                         Meeting Agenda                                         Meeting Participants
                                                                                                1. Agus Dermawan Wintarto Martowardojo1)
                                                                                                2. Pradjoto
                                                                                                3. Sigit Widyawan
                                                                                                4. Askolani
                                         1. Approval of the proposed changes to the BNI
                                            Pension Fund Regulations for 2022                   5. Asmawi Syam
                                         2. Appointment of an Independent Consultant for        6. Septian Hario Seto
       1       January 05, 2023
                                            the Remuneration of Board of Directors and          7. Iman Sugema
                                            Commissioners in 2023                               8. Susyanto
                                         3. Discussion of the 2023 BOC KPI                      9. Erwin Rijanto Slamet
                                                                                                10. Fadlansyah Lubis
                                                                                                11. Danni Tri Suryani
                                                                                                12. Dandy Perwandi Sjamsudin5)
                                                                                                1. Agus Dermawan Wintarto Martowardojo1)
                                                                                                2. Pradjoto
                                                                                                3. Sigit Widyawan
                                                                                                4. Askolani
                                                                                                5. Asmawi Syam
                                         Approval of Proposed Changes to BNI Pension Fund       6. Septian Hario Seto
       2       January 26, 2023
                                         Regulations (Continued)                                7. Iman Sugema
                                                                                                8. Susyanto
                                                                                                9. Erwin Rijanto Slamet
                                                                                                10. Fadlansyah Lubis
                                                                                                11. Danni Tri Suryani
                                                                                                12. Dandy Perwandi Sjamsudin5)
                                                                                                1. Agus Dermawan Wintarto Martowardojo1)
                                                                                                2. Pradjoto
                                                                                                3. Sigit Widyawan
                                                                                                4. Askolani
                                                                                                5. Asmawi Syam
                                                                                                6. Septian Hario Seto
       3       February 02, 2023         Discussion of Human Capital Policy Proposals
                                                                                                7. Iman Sugema
                                                                                                8. Susyanto
                                                                                                9. Erwin Rijanto Slamet
                                                                                                10. Fadlansyah Lubis
                                                                                                11. Danni Tri Suryani
                                                                                                12. Dandy Perwandi Sjamsudin5)
                                         1. Proposed Human Capital Policy (continued)
                                         2. Organizational Management Policies, Systems
                                             and Procedures
                                                                                                1. Agus Dermawan Wintarto Martowardojo1)
                                         3. Update on Organizational Changes 2022
                                                                                                2. Pradjoto
                                         4. Organizational Arrangement of the Board of
                                                                                                3. Sigit Widyawan
                                             Directors
                                                                                                4. Askolani
                                         5. Proposed Organizational Changes
                                                                                                5. Asmawi Syam
                                         6. Progress Corporate Transformation
                                                                                                6. Septian Hario Seto
       4       February 9, 2023          7. Policy/Procedure for Nomination/Replacement of
                                                                                                7. Iman Sugema
                                             Directors and/or Board of Commissioners
                                                                                                8. Susyanto
                                         8. Company Talent Management Policies/Systems
                                                                                                9. Erwin Rijanto Slamet
                                             and SOE Talent Proposals
                                                                                                10. Fadlansyah Lubis
                                         9. Capacity Development Program for Directors
                                                                                                11. Danni Tri Suryani
                                             and/or Board of Commissioners 2022
                                                                                                12. Dandy Perwandi Sjamsudin5)
                                         10. Proposed Capacity Development Program for
                                             Members of the Board of Directors and/or Board
                                             of Commissioners 2023




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                                 Nomination and Remuneration Committee Meeting Agenda Table
No.           Meeting Date                           Meeting Agenda                                       Meeting Participants
                                                                                           1. Agus Dermawan Wintarto Martowardojo1)
                                                                                           2. Pradjoto
                                                                                           3. Sigit Widyawan
                                                                                           4. Askolani
                                    1. Submission of Proposed BNI Nominated Talents
                                                                                           5. Asmawi Syam
                                       for 2023
5        February 22, 2023                                                                 6. Septian Hario Seto
                                    2. Validation Interview of Nominated Talents New
                                                                                           7. Iman Sugema
                                       Candidate for 2023
                                                                                           8. Susyanto
                                                                                           9. Erwin Rijanto Slamet
                                                                                           10. Fadlansyah Lubis
                                                                                           11. Danni Tri Suryani
                                                                                           1. Agus Dermawan Wintarto Martowardojo1)
                                                                                           2. Pradjoto
                                                                                           3. Sigit Widyawan
                                                                                           4. Askolani
                                    1. Presentation of KPI Achievements in 2022 and
                                                                                           5. Asmawi Syam
                                       Proposed KPIs in 2023
6        February 23, 2023                                                                 6. Septian Hario Seto
                                    2. Evaluation Interview of the Board of Directors'
                                                                                           7. Iman Sugema
                                       Performance and Capacity for 2022
                                                                                           8. Susyanto
                                                                                           9. Erwin Rijanto Slamet
                                                                                           10. Fadlansyah Lubis
                                                                                           11. Danni Tri Suryani
                                                                                           1. Agus Dermawan Wintarto Martowardojo1)
                                                                                           2. Pradjoto
                                                                                           3. Sigit Widyawan
                                                                                           4. Askolani
                                                                                           5. Asmawi Syam
                                    Evaluation Interview of the Board of Directors'
7        February 24-25, 2023                                                              6. Septian Hario Seto
                                    Performance and Capacity for 2022 (Continued)
                                                                                           7. Iman Sugema
                                                                                           8. Susyanto
                                                                                           9. Erwin Rijanto Slamet
                                                                                           10. Fadlansyah Lubis
                                                                                           11. Danni Tri Suryani
                                                                                           1. Agus Dermawan Wintarto Martowardojo1)
                                                                                           2. Pradjoto
                                                                                           3. Sigit Widyawan
                                                                                           4. Askolani
                                    Independent Remuneration Consultant Report             5. Asmawi Syam
8        February 28, 2023
                                    regarding BOD and BOC Remuneration and Benefits        6. Septian Hario Seto
                                                                                           7. Susyanto
                                                                                           8. Erwin Rijanto Slamet
                                                                                           9. Fadlansyah Lubis
                                                                                           10. Danni Tri Suryani
                                                                                           1. Agus Dermawan Wintarto Martowardojo1)
                                                                                           2. Pradjoto
                                                                                           3. Sigit Widyawan
                                                                                           4. Askolani
                                                                                           5. Asmawi Syam
                                    Discussion on the Determination of BNI Multifinance    6. Septian Hario Seto
9        March 02, 2023
                                    Management                                             7. Iman Sugema
                                                                                           8. Susyanto
                                                                                           9. Erwin Rijanto Slamet
                                                                                           10. Fadlansyah Lubis
                                                                                           11. Danni Tri Suryani
                                                                                           12. Dandy Perwandi Sjamsudin5)




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                                   Nomination and Remuneration Committee Meeting Agenda Table
       No.          Meeting Date                       Meeting Agenda                                        Meeting Participants
                                                                                              1. Agus Dermawan Wintarto Martowardojo1)
                                                                                              2. Pradjoto
                                                                                              3. Sigit Widyawan
                                      Discussion of Series A Dwiwarna Shareholders'           4. Askolani
                                      Proposals regarding Changes in Company                  5. Asmawi Syam
       10      March 15, 2023         Management in the context of the 2022 Annual            6. Septian Hario Seto
                                      General Meeting of Shareholders of PT Bank Negara       7. Iman Sugema
                                      Indonesia (Persero) Tbk                                 8. Susyanto
                                                                                              9. Erwin Rijanto Slamet
                                                                                              10. Fadlansyah Lubis
                                                                                              11. Danni Tri Suryani
                                                                                              1. Agus Dermawan Wintarto Martowardojo1)
                                                                                              2. Pradjoto
                                                                                              3. Sigit Widyawan
                                                                                              4. Askolani
                                                                                              5. Asmawi Syam
                                                                                              6. Septian Hario Seto
                                      Organizational Structuring of BNI's Board of
       11      March 29, 2023                                                                 7. Iman Sugema
                                      Directors (Directorate's Division).
                                                                                              8. Susyanto
                                                                                              9. Erwin Rijanto Slamet
                                                                                              10. Fadlansyah Lubis
                                                                                              11. Robertus Billitea4)
                                                                                              12. Danni Tri Suryani
                                                                                              13. Dandy Perwandi Sjamsudin5)
                                                                                              1. Agus Dermawan Wintarto Martowardojo1)
                                                                                              2. Pradjoto
                                                                                              3. Sigit Widyawan
                                                                                              4. Asmawi Syam
                                                                                              5. Septian Hario Seto
       12      March 30, 2023         Board of Commissioners Training Program                 6. Iman Sugema
                                                                                              7. Susyanto
                                                                                              8. Erwin Rijanto Slamet
                                                                                              9. Robertus Billitea4)
                                                                                              10. Danni Tri Suryani
                                                                                              11. Dandy Perwandi Sjamsudin5)
                                                                                              1. Agus Dermawan Wintarto Martowardojo1)
                                                                                              2. Pradjoto
                                                                                              3. Sigit Widyawan
                                                                                              4. Askolani
                                                                                              5. Asmawi Syam
                                      Discussion on the Appointment of Management in          6. Septian Hario Seto
       13      May 11, 2023           Subsidiaries at BNI Multifinance, BNI Life Insurance,   7. Iman Sugema
                                      and BNI Remmittance Limited                             8. Susyanto
                                                                                              9. Erwin Rijanto Slamet
                                                                                              10. Fadlansyah Lubis
                                                                                              11. Robertus Billitea4)
                                                                                              12. Danni Tri Suryani
                                                                                              13. Dandy Perwandi Sjamsudin5)
                                                                                              1. Agus Dermawan Wintarto Martowardojo1)
                                                                                              2. Pradjoto
                                                                                              3. Sigit Widyawan
                                                                                              4. Askolani
                                      Discussion of the 2023 Collegial and Individual KPI     5. Asmawi Syam
       14      May 19, 2023           Proposals and Plans for Signing the 2023 Annual
                                                                                              6. Septian Hario Seto
                                      Management Contract
                                                                                              7. Iman Sugema
                                                                                              8. Susyanto
                                                                                              9. Erwin Rijanto Slamet
                                                                                              10. Danni Tri Suryani




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                              Nomination and Remuneration Committee Meeting Agenda Table
No.           Meeting Date                        Meeting Agenda                                     Meeting Participants
                                                                                     1. Agus Dermawan Wintarto Martowardojo1)
                                                                                     2. Pradjoto
                                 1.   Discussion regarding the Proposed Management 3. Sigit Widyawan
                                      of BNI Remmittance Ltd Hong Kong               4. Askolani
                                 2.   Discussion on the replacement of Nomination    5. Asmawi Syam
                                      and Remuneration Committee Members from the 6. Septian Hario Seto
15       May 25, 2023
                                      HC Executive                                   7. Iman Sugema
                                 3.   Update on the Executive Education of the Board 8. Susyanto
                                      of Commissioners                               9. Erwin Rijanto Slamet
                                 4.   Others                                         10. Fadlansyah Lubis
                                                                                     11. Danni Tri Suryani
                                                                                     12. Dandy Perwandi Sjamsudin5)
                                 Employee Remuneration                                1. Agus Dermawan Wintarto Martowardojo1)
                                 1. Independent Remuneration Consultant Report,       2. Pradjoto
                                 2. Employee remuneration plans and strategies,       3. Sigit Widyawan
                                 3. Employee Remuneration which requires approval     4. Askolani
                                    and response from the Board of Directors.         5. Asmawi Syam
                                                                                      6. Septian Hario Seto
16       June 08, 2023           Digitalization of Human Capital                      7. Iman Sugema
                                 1. Mapping Human Capital function application,       8. Susyanto
                                 2. Condition of data completeness and cleanliness    9. Erwin Rijanto Slamet
                                    employment,                                       10. Fadlansyah Lubis
                                 3. Browse Analytics and HC Dashboard,                11. Robertus Billitea4)
                                 4. Future HC application system plans (projects,     12. Danni Tri Suryani
                                    timeline, and PIC)                                13. Yenni Sari Dewi6)
                                                                                      1. Agus Dermawan Wintarto Martowardojo1)
                                                                                      2. Pradjoto
                                                                                      3. Sigit Widyawan
                                                                                      4. Askolani
                                                                                      5. Asmawi Syam
                                 1. Proposed Appointment of Management of BNI
                                                                                      6. Septian Hario Seto
                                    Sekuritas Subsidiary
17       June 15, 2023                                                                7. Iman Sugema
                                 2. KNR Self Assessment for Commissioners
                                                                                      8. Susyanto
                                    Candidate of PT BNI (Persero) Tbk
                                                                                      9. Erwin Rijanto Slamet
                                                                                      10. Fadlansyah Lubis
                                                                                      11. Robertus Billitea4)
                                                                                      12. Danni Tri Suryani
                                                                                      13. Yenni Sari Dewi 6)
                                                                                    1. Agus Dermawan Wintarto Martowardojo1)
                                                                                    2. Pradjoto
                                                                                    3. Sigit Widyawan
                                                                                    4. Askolani
                                 1. Finalize HC Policy                              5. Asmawi Syam
                                 2. Imposing Sanctions – policy, implementation and 6. Septian Hario Seto
18       July 13, 2023              reporting                                       7. Iman Sugema
                                 3. Talent and Employee Development – systems       8. Susyanto
                                    and procedures, implementation and impact       9. Erwin Rijanto Slamet
                                                                                    10. Fadlansyah Lubis
                                                                                    11. Robertus Billitea4)
                                                                                    12. Danni Tri Suryani
                                                                                    13. Yenni Sari Dewi6)




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                                     Nomination and Remuneration Committee Meeting Agenda Table
       No.          Meeting Date                        Meeting Agenda                                            Meeting Participants
                                                                                                  1. Agus Dermawan Wintarto Martowardojo1)
                                                                                                  2. Pradjoto
                                                                                                  3. Sigit Widyawan
                                                                                                  4. Askolani
                                                                                                  5. Asmawi Syam
                                       Board of Directors' collegial and individual KPI           6. Septian Hario Seto
       19      August 24, 2023
                                       achievements for Semester I / 2023                         7. Iman Sugema
                                                                                                  8. Susyanto
                                                                                                  9. Erwin Rijanto Slamet
                                                                                                  10. Fadlansyah Lubis
                                                                                                  11. Robertus Billitea4)
                                                                                                  12. Danni Tri Suryani
                                                                                                  3. Agus Dermawan Wintarto Martowardojo1)
                                                                                                  4. Pradjoto
                                                                                                  5. Sigit Widyawan
                                                                                                  6. Askolani
                                       1. Board of Directors' individual evaluation plan for      7. Asmawi Syam
               August 31-September        achievements in Semester I - 2023                       8. Septian Hario Seto
       20
               01, 2023                2. Preparation for providing input to individual           9. Iman Sugema
                                          Directors Semester I – 2023                             10. Susyanto
                                                                                                  11. Erwin Rijanto Slamet
                                                                                                  12. Fadlansyah Lubis
                                                                                                  13. Robertus Billitea4)
                                                                                                  14. Danni Tri Suryani
                                                                                             1. Agus Dermawan Wintarto Martowardojo1)
                                                                                             2. Pradjoto
                                                                                             3. Sigit Widyawan
                                                                                             4. Askolani
                                       Submission of a recapitulation report of the Board of
                                                                                             5. Asmawi Syam
       21      September 14, 2023      Commissioners' assessment of the performance and
                                       competence of the Board of Directors                  6. Septian Hario Seto
                                                                                             7. Iman Sugema
                                                                                             8. Susyanto
                                                                                             9. Erwin Rijanto Slamet
                                                                                             10. Fadlansyah Lubis
                                                                                                  1. Agus Dermawan Wintarto Martowardojo1)
                                                                                                  2. Pradjoto
                                                                                                  3. Sigit Widyawan
                                                                                                  4. Askolani
                                       Discussion of Series A Dwiwarna Shareholders'              5. Asmawi Syam
                                       Proposals regarding Changes in Company                     6. Septian Hario Seto
       22      September 19, 2023      Management in the context of the 2023
                                                                                                  7. Iman Sugema
                                       Extraordinary General Meeting of Shareholders of
                                       PT Bank Negara Indonesia (Persero) Tbk                     8. Susyanto
                                                                                                  9. Erwin Rijanto Slamet
                                                                                                  10. Fadlansyah Lubis
                                                                                                  11. Robertus Billitea4)
                                                                                                  12. Danni Tri Suryani
                                                                                          1. Pradjoto2)
                                                                                          2. Pahala Nugraha Mansury3)
                                                                                          3. Sigit Widyawan
                                                                                          4. Askolani
                                                                                          5. Asmawi Syam
                                                                                          6. Septian Hario Seto
                                       1. Company Performance Target for the next 3 years
       23      September 27, 2023                                                         7. Iman Sugema
                                       2. Governance of Long Term Incentives
                                                                                          8. Susyanto
                                                                                          9. Erwin Rijanto Slamet
                                                                                          10. Fadlansyah Lubis
                                                                                          11. Robertus Billitea4)
                                                                                          12. Danni Tri Suryani
                                                                                          13. Yenni Sari Dewi6)




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                                    Nomination and Remuneration Committee Meeting Agenda Table
No.           Meeting Date                                   Meeting Agenda                                                Meeting Participants
                                                                                                          1. Pradjoto2)
                                                                                                          2. Pahala Nugraha Mansury3)
                                                                                                          3. Sigit Widyawan
                                                                                                          4. Askolani
                                                                                                          5. Asmawi Syam
                                                                                                          6. Septian Hario Seto
24       October 12, 2023               Finalization of HC Policy (Continued)
                                                                                                          7. Iman Sugema
                                                                                                          8. Susyanto
                                                                                                          9. Erwin Rijanto Slamet
                                                                                                          10. Fadlansyah Lubis
                                                                                                          11. Danni Tri Suryani
                                                                                                          12. Yenni Sari Dewi6)
                                                                                                          1. Pradjoto2)
                                                                                                          2. Pahala Nugraha Mansury3)
                                                                                                          3. Sigit Widyawan
                                                                                                          4. Askolani
                                                                                                          5. Asmawi Syam
                                        Evaluation of the appointment of an independent                   6. Septian Hario Seto
25       October 26, 2023
                                        consultant to discuss remuneration in 2023                        7. Iman Sugema
                                                                                                          8. Susyanto
                                                                                                          9. Erwin Rijanto Slamet
                                                                                                          10. Fadlansyah Lubis
                                                                                                          11. Robertus Billitea4)
                                                                                                          12. Danni Tri Suryani
                                                                                                          1. Pradjoto2)
                                                                                                          2. Sigit Widyawan
                                                                                                          3. Askolani
                                        1. Re-discussion of the Long Term Incentive                       4. Asmawi Syam
                                           (LTI) Proposal for Board of Directors and                      5. Septian Hario Seto
                                           Commissioners                                                  6. Iman Sugema
26       December 7, 2023
                                        2. Approval of the Determination of Subsidiaries,                 7. Susyanto
                                           namely BNI Life Insurance, BNI Sekuritas and                   8. Erwin Rijanto Slamet
                                           Bank Hibank Indonesia                                          9. Fadlansyah Lubis
                                                                                                          10. Robertus Billitea4)
                                                                                                          11. Danni Tri Suryani
                                                                                                          12. Yenni Sari Dewi6)
                                                                                                          1. Pradjoto2)
                                                                                                          2. Pahala Nugraha Mansury3)
                                                                                                          3. Sigit Widyawan
                                                                                                          4. Askolani
                                                                                                          5. Asmawi Syam
                                        Self Assessment of the Nomination and                             6. Septian Hario Seto
                                        Remuneration Committee for Fit and Proper Test
27       December 07, 2023                                                                                7. Iman Sugema
                                        Requirements for the President Commissioner and
                                        Vice President Commissioner                                       8. Susyanto
                                                                                                          9. Erwin Rijanto Slamet
                                                                                                          10. Fadlansyah Lubis
                                                                                                          11. Robertus Billitea4)
                                                                                                          12. Danni Tri Suryani
                                                                                                          13. Yenni Sari Dewi6)
Note:
1)
  Ceased serving as Chairman of the Nomination and Remuneration Committee from September 19, 2023
2)
  Served as Chair of the Nomination and Remuneration Committee since September 21, 2023
3)
  Served as Member of the Nomination and Remuneration Committee since October 30, 2023, in the OJK Fit & Proper Test process as Vice President Commissioner so that he
has not been counted in the quorum
4)
  Served as a member of the Nomination and Remuneration Committee since September 21, 2023
5)
  Ceased serving as a member of the Nomination and Remuneration Committee since May 26, 2023, and was replaced by Yenni Sari Dewi who served as a member of the
Nomination and Remuneration Committee since May 26, 2023
6)
  Served as a member of the Nomination and Remuneration Committee since May 26, 2023.




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      NOMINATION AND REMUNERATION COMMITTEE MEETINGS FREQUENCY AND ATTENDANCE LEVEL
      The Nomination and Remuneration Committee meetings frequency and attendance level can be seen in the table below:

                                      Attendance Level at Nomination and Remuneration Committee Meetings
                                                                                                                      Number of
        Name                                                                  Position                                                      Attended            Percentage
                                                                                                                      Meetings
        Agus Dermawan Wintarto                       Committee Chairman/President Commissioner/
                                                                                                                     22                 22                  100
        Martowardojo1)                               Independent Commissioner
                                                     Committee Member/Vice President
        Pradjoto2)                                                                                                   27                 26                  96
                                                     Commissioner/Independent Commissioner
                                                     Committee Member/Vice President
        Pahala Nugraha Mansury3)                                                                                     -                  -                   -
                                                     Commissioner/Independent Commissioner
        Sigit Widyawan                               Committee Member/Independent Commissioner                       27                 27                  100
        Askolani                                     Committee Member/Commissioner                                   27                 25                  93
        Asmawi Syam                                  Committee Member/Independent Commissioner                       27                 27                  100
        Susyanto                                     Committee Member/Commissioner                                   27                 27                  100
        Iman Sugema                                  Committee Member/Independent Commissioner                       27                 26                  96
        Septian Hario Seto                           Committee Member/Independent Commissioner                       27                 27                  100
        Erwin Rijanto Slamet                         Committee Member/Independent                                    27                 27                  100
        Fadlansyah Lubis                             Committee Member/Commissioner                                   27                 27                  85
        Robertus Billitea4)                          Committee Member/Commissioner                                   17                 13                  76
        Danni Tri Suryani                            Independent Member                                              27                 27                  100
                                                     Committee Member/Head of Human Capital
        Dandy Perwandi Sjamsudin5)                                                                                   9                  9                   100
                                                     Strategy Division
                                                     Committee Member/Head of Human Capital
        Yenni Sari Dewi6)                                                                                            7                  7                   100
                                                     Strategy Division
        Note:
        1)
          Ceased serving as Chairman of the Nomination and Remuneration Committee from September 19, 2023
        2)
          Served as Chairman of the Nomination and Remuneration Committee since September 21, 2023
        3)
          Served as Member of the Nomination and Remuneration Committee since October 30, 2023, in the OJK Fit & Proper Test process as Vice President Commissioner so that he
        has not been counted in the quorum
        4)
          Served as a member of the Nomination and Remuneration Committee since September 21, 2023
        5)
          Ceased serving as a member of the Nomination and Remuneration Committee since May 26, 2023, and was replaced by Yenni Sari Dewi who served as a member of the
        Nomination and Remuneration Committee since May 26, 2023
        6)
          Served as a member of the Nomination and Remuneration Committee since May 26, 2023.



      BRIEF REPORT ON THE NOMINATION AND                                                           b. Reviewing the completeness of requirements for
      REMUNERATION COMMITTEE ACTIVITIES IN 2023                                                       prospective BNI management for the purpose of
      During 2023, the Nomination and Remuneration Committee                                          submitting a fit and proper test to OJK as candidates
      (KNR) Committee carried out all programs/ Work Plans set at                                     for BNI management;
      the beginning of 2023 in order to assist the implementation                                  c. Conducting a review of the candidates for the
      of the Board of Commissioners duties. The mechanism of                                          management of BNI’s subsidiary companies
      implementing KNR activities/tasks is carried out through:                                       who must obtain approval from the Board of
      1. Implementation of the KNR Meetings;                                                          Commissioners and who will be proposed to the
      2. Studies/evaluations/reviews outside the meeting forum.                                       Series A Dwiwarna Shareholders (Ministry of SOEs);
                                                                                                   d. Making recommendations regarding the Capability
      The results of the KNR Meeting and monitoring, reviews/                                         Development Program for members of the Board of
      evaluations of the KNR were submitted to the Board of                                           Directors and the Board of Commissioners;
      Commissioners as reports and recommendations both in                                         e. Preparing recommendations on the Nomination
      writing and in the Board of Commissioners’ Meeting forum.                                       System for Members of the Board of Directors and
                                                                                                      Board of Commissioners;
      The implementation of KNR activities in general covered                                      f. Conducting performance appraisal for members of
      the following matters:                                                                          the Board of Directors and members of the Board
      1. Implementation of nomination tasks                                                           of Commissioners, followed up by submitting input
          a. Conducting a review of prospective BNI                                                   from the Board of Commissioners to each individual
              management from internal BNI parties as well as                                         member of the Board of Directors through the
              providing suggestions/recommendations regarding                                         President Director. The Board of Commissioners’
              prospective BNI administrators who meet the                                             input letters covered performance improvement
              requirements to be proposed at the BNI GMS                                              as well as input for competency improvement for
              through Series A Dwiwarna Shareholders;                                                 each individual member of the Board of Directors;
                                                                                                   g. Reviewing the HC management nomination system
                                                                                                      as a whole;
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   h. Conducting discussions with the Board of Directors               Through this program, if the Bank requires leadership
      regarding:                                                       replacements, BNI will propose internal candidates
      • Human Capital policies and problems encountered                from the program participants, facilitated by the Board
        related to Human Capital                                       of Commissioners, after considering recommendations
      • Human Capital policy improvement plans, which                  from the Nomination and Remuneration Committee.
        were followed up with a letter from the Board of               Furthermore, the results of the internal candidates selection
        Commissioners with suggestions and advice for                  will be submitted to the Ministry of SOEs to undergo a fit
        the Human Capital policies                                     and proper test.
      • Human Capital policy proposals
      • Progress of completeness of Human Capital                      RISK MONITORING COMMITTEE
        policies                                                       The Risk Monitoring Committee was established by
   i. Evaluating the HC development in accordance with                 the Board of Commissioners to support the effective
      the Corporate Plan;                                              implementation of the Board of Commissioners duties
   j. Evaluating the transfer, promotion and employee                  and responsibilities, related to risk management in the Bank
      sanctions system;                                                and the application of the principles of Good Corporate
   k. Evaluating the Talent Management System;                         Governance.
   l. Evaluating the Board of Directors’ recommendation
      regarding the Company’s organization structure.                  BASIS FOR THE ESTABLISHMENT OF
2. Implementation of remuneration duties                               THE RISK MONITORING COMMITTEE
   a. Evaluating the remuneration system/policy for                    BNI’s Risk Monitoring Committee was established in 2004
      members of the Board of Directors and Board of                   based on the Board of Commissioners Decree No. Kep/002/
      Commissioners, executive officers and employees                  DK/2004 dated March 1, 2004 concerning Establishment of
      as a whole;                                                      the Risk and Compliance Committee. BNI established the
   b. Reviewing the Board of Directors and Board of                    Risk Monitoring Committee to carry out the following duties
      Commissioners remuneration for 2023 and tantiem                  in accordance with laws and regulations:
      for 2022;                                                        1. Financial Services Authority Regulation Number
   c. Evaluating and making recommendations regarding                      17 of 2023 dated September 14, 2023 concerning
      the remuneration structure, remuneration policy                      Implementation of Governance for Commercial Banks;
      and amount of remuneration for members of the                    2. OJK Circular No. 13/SEOJK.03/2017 dated March 17,
      Board of Directors and Board of Commissioners                        2017 concerning Governance Implementation for
      to be submitted to the GMS through the Series A                      Commercial Banks;
      Dwiwarna Shareholders, including a review of the                 3. Regulation of the Minister of State for State-Owned
      proposed remuneration for the Board of Directors                     Enterprises Number PER-2/MBU/03/2023 dated March
      related to the allocation of Long Term Incentives;                   3, 2023 concerning Guidelines for Governance and
   d. Ensuring the employee remuneration policy                            Significant Corporate Activities of State-Owned
      is in accordance with applicable regulations                         Enterprises;
      by conducting periodic evaluations of the                        4. Regulation of the Minister of State for State-Owned
      implementation of the employee remuneration                          Enterprises Number PER-3/MBU/03/2023 dated March
      policy.                                                              20, 2023 concerning Organs and Human Resources of
                                                                           State-Owned Enterprises;
NOMINATION AND REMUNERATION COMMITTEE                                  5. OJK Regulations governing Risk Management for
OBLIGATIONS RELATED TO THE BOARD                                           Commercial Banks and Integrated Risk Management
OF DIRECTORS SUCCESSION POLICY                                             for Financial Conglomerates;
BNI has developed a Board of Directors succession policy               6. PT Bank Negara Indonesia (Persero) Tbk. Articles of
program, aligned with Minister of State-Owned Enterprises                  Association.
Regulation No. PER-2/MBU/03/2023 dated March 3, 2023
concerning Guidelines for Governance and Significant                   RISK MONITORING COMMITTEE
Corporate Activities of State-Owned Enterprises, and                   STRUCTURE AND MEMBERSHIP
Minister of State-Owned Enterprises Regulation No. PER-                1. The Risk Monitoring Committee was established based
3/MBU/03/2023 dated March 20, 2023 concerning Organs                      on the Board of Commissioners meeting decision and
and Human Resources of State-Owned Enterprises. This                      in a Board of Commissioners Decree;
program included criteria, namely potential employees                  2. The Risk Monitoring Committee is under the
to be included in the Talent Pool will have the opportunity               coordination of the Board of Commissioners and is
to attend training programs or activities related to                      directly responsible to the Board of Commissioners;
management, business strategy, strategic planning, risk                3. Appointment of the Risk Monitoring Committee
analysis and business potential, operational and financial                members is carried out by the Board of Directors based
performance analysis and other similar programs.                          on the Board of Commissioners meeting decision;




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      4. The Risk Monitoring Committee Membership shall                                  as stipulated in OJK Regulations and Circular on the
         be at least:                                                                    Implementation of Governance for Commercial Banks;
         a. 1 (one) Independent Commissioner concurrently                            9. Members of the Risk Monitoring Committee who come
             serving as a chairman;                                                      from independent parties are not allowed to have
         b. 1 (one) person from an independent party who has                             concurrent positions as:
             expertise in the field of risk management;                                  a. Member of the Board of Commissioners/Supervisory
         c. 1 (one) person from an independent party who has                                 Board at SOEs/other companies;
             expertise in the financial sector.                                          b. Secretary/Secretariat staff to the Board of
      5. Independent commissioners and independent parties                                   Commissioners/Supervisory Board in SOEs/other
         who are members of the Risk Monitoring Committee                                    companies.
         shall make up at least 51% (fifty one percent) of the total                 10. The Board of Directors shall appoint and dismiss
         members of the Risk Monitoring Committee;                                       independent parties members of the Risk Monitoring
      6. The Risk Monitoring Committee Chairman is an                                    Committee based on a Board of Commissioners’ meetings
         Independent Commissioner concurrently serving as a                              decision and a Board of Commissioners’ Decree;
         member as stipulated in the Board of Commissioners                          11. The Risk Monitoring Committee Chairman shall have the
         meeting decision, and determined in a Board of                                  right to propose a replacement for members of the Risk
         Commissioners Decree;                                                           Monitoring Committee to the Board of Commissioners if
      7. The Risk Monitoring Committee Chairman can only                                 one of the members of the Risk Monitoring Committee
         hold concurrent positions as Chair of the Committee                             ends their term of office, resigns or is dismissed;
         in at most 1 (one) other Committee at BNI;                                  12. Risk Monitoring Committee Members are prohibited
      8. Former members of BNI Board of Directors and former                             from being members of the Board of Directors of BNI
         executive officers or parties with links to BNI that may                        or other banks;
         influence their ability to act independently, who may                       13. The Risk Monitoring Committee shall work collectively
         become an independent member of Risk Monitoring                                 when performing its duties to assist the Board of
         Committee, shall be subject to a 6 (six) month long                             Commissioners;
         cooling off period. The cooling off provision shall not                     14. The Risk Monitoring Committee is independent both in
         apply to former members of theBoard of Directors and                            performing its duties and in reporting, and is directly
         former BNI executive officer whose duties are only to                           responsible to the Board of Commissioners; and
         perform supervisory function for at least 6 (six) months.                   15. In performing the Committee’s daily tasks, staff from
         The term “cooling off” refers to the cooling off period                         outside BNI or the Committee secretary can assist it.
                                                                                         The Committee staff or Secretary is appointed based
                                                                                         on a Board of Commissioners Meeting decision and
                                                                                         is determined in the Board of Commissioners Decree.



      In 2023, the membership composition of the Risk Monitoring Committee changed as follows:

      Period January 1, 2023–October 31, 2023
        No.     Name                                                  Position                 Description                               Expertise
                                                                Risk Monitoring       President Commissioner /           •        Law
       1       Pradjoto  1)
                                                                Committee Chairman    Independent Commissioner           •        Economics
                                                                                                                         •        Accounting
       2       Septian Hario Seto                               Member                Independent Commissioner
                                                                                                                         •        Finance
       3       Erwin Rijanto Slamet                             Member                Independent Commissioner           Economics
       4       Fadlansyah Lubis                                 Member                Commissioner                       Law
                                                                                                                         •        Agriculture
       5       Dwita Suherlina                                  Member                Independent Member
                                                                                                                         •        Finance
       6       Bambang Setyogroho                               Member                Independent Member                 Banking (Credit)
       Information:
       ­ Ceased serving as Chairman of KPR as of October 30, 2023
       1)




      Period October 31, 2023 – December 31, 2023

        No.                      Name                                Position                        Note                                 Expertise
                                                           Chairman of the Risk                                               •    Law
       1            Erwin Rijanto Slamet1)                                              Independent Commissioner
                                                           Monitoring Committee                                               •    Economy
                                                                                                                              •    Economy
       2            Pahala Nugraha Mansury2)               Member                       Vice President Commissioner
                                                                                                                              •    Finance
       3            Fadlansyah Lubis                       Member                       Commissioner                          Law




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 No.                        Name                               Position                               Note                              Expertise
                                                                                                                           •     Accountancy
4           Septian Hario Seto                    Member                                   Independent Commissioner
                                                                                                                           •     Finance
                                                                                                                           •     Agriculture
5           Dwita Suherlina                       Member                                   Independent Member
                                                                                                                           •     Finance
6           Bambang Setyogroho                    Member                                   Independent Member              Banking (Credit)
Note:
1)
  Ceased serving as a KPR Member and be appointed as KPR Chairman since October 30, 2023
2)
  Served as KPR Member since October 30, 2023



RISK MONITORING COMMITTEE PROFILES

                     Erwin Rijanto Slamet1)                                                           Pahala Nugraha Mansury2)
          Chairman of the Risk Monitoring Committee                                                Risk Monitoring Committee Member
 Profile can be found in the Board of Commissioners Profile                            Profile can be found in the Board of Commissioners Profile
 section                                                                               section


 Fadlansyah Lubis                                                                      Septian Hario Seto
 Risk Monitoring Committee Member                                                      Risk Monitoring Committee Member
 Profile can be found in the Board of Commissioners Profile                            Profile can be found in the Board of Commissioners Profile
 section                                                                               section




                                                                     Dwita Suherlina
                                                Risk Monitoring Committee independent Member
 Nationality                                                                       Work experience
 Indonesian citizen                                                                1. RM Corporate Affairs at PT Bank Bumi Daya (Persero) (1988-
                                                                                      1996)
 Domicile
                                                                                   2. Senior RM at Bandung Asia Africa Branch of PT Bank Bumi Daya
 Jakarta
                                                                                      (Persero) (1996-1999)
 Tempat, Tanggal Lahir, Usia                                                       3. Senior Manager Regional Risk Management Bandung at PT Bank
 59 years old, as of December 31, 2023                                                Mandiri (Persero) Tbk (1999-2005)
                                                                                   4. Assistant Vice President Regional Risk Management Bandung PT
 Education                                                                            Bank Mandiri (Persero) Tbk (2006-2012)
 • Bachelor’s degree in Agriculture Agronomy from Institut
                                                                                   5. Vice President Regional Risk Management Bandung PT Bank
    Pertanian Bogor (1986)
 • Master’s degree in Financial Management from Universitas                           Mandiri (Persero) Tbk (2012)
    Padjadjaran (2003)                                                             6. Vice President Regional Risk Management Jakarta Kelapa
                                                                                      Gading PT Bank Mandiri (Persero) Tbk (2012-2016)
 Certification                                                                     7. Vice President Department IV Corporate Risk Group PT Bank
 1. Level 3 Risk Management Certification                                             Mandiri (Persero) Tbk (2016-2020)
                                                                                   8. Independent Member of the Risk Monitoring Committee at PT
                                                                                      Bank Negara Indonesia (Persero) Tbk (2021-present)

                                                                                   Legal Basis of Appointment
                                                                                   Appointed for the first time as Member of the Risk Monitoring
                                                                                   Committee since January 18, 2021 based on Board of
                                                                                   Commissioners Decree No. KEP/001/DK/2021 dated January 18,
                                                                                   2021.

                                                                                   Term of Office
                                                                                   2021-2024 (First Period)

                                                                                   Concurrent Positions
                                                                                   No concurrent positions at BNI or other institutions




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                                                                       Bambang Setyogroho
                                                                Risk Monitoring Committee Member
        Nationality                                                                       Work experience
        Nationality                                                                       1. ARM Commercial Credit Bank Dagang Negara (1989-1992)
                                                                                          2. RM Corporate Credit Bank Dagang Negara (1993-1998)
        Domicile
                                                                                          3. VP Corporate Credit Risk Management Group at Bank Mandiri
        Jakarta
                                                                                             (1999-2004)
        Place, Date of Birth, Age                                                         4. SVP Central Operations Group at Bank Mandiri (2005-2007)
        65 years old, as of December 31, 2023                                             5. SVP Commercial Risk at Bank Mandiri (2007-2009)
                                                                                          6. EVP Corporate Banking at Bank Mandiri (2010-2014)
        Education                                                                         7. Independent Commissioner and Chairman of the Audit
        • Bachelor’s degree in Geological Engineering, Universitas
                                                                                             Committee at PT Sarana Multi Infrastructure (Persero) (2014-
           Padjadjaran (1985)
        • Master’s degree in Business Administration, Universitas                            2017)
           Indonesia (2001)                                                               8. Independent Member of the Integrated Governance Committee
        • Doctoral degree in Environmental Science, Universitas                              at PT Bank Negara Indonesia (Persero) Tbk (2021-2022)
           Padjajaran (2022)                                                              9. Independent Member of the Risk Monitoring Committee at PT
                                                                                             Bank Negara Indonesia (Persero) Tbk (2022-present)
        Certification
        1. Level 4 Risk Management Certification                                          Legal Basis for Appointment as Member of the Risk Monitoring
                                                                                          Committee
                                                                                          Appointed for the first time as Member of the Nomination and
                                                                                          Remuneration Committee on June 01, 2022 based on the Decree of
                                                                                          the Board of Commissioners No. KEP/011/DK/2022 dated June 02,
                                                                                          2022

                                                                                          Term of Office
                                                                                          2021-present (First Period)

                                                                                          Concurrent Positions
                                                                                          No concurrent positions at BNI or other institutions
        Note:
        1)
          Ceased serving as a KPR Member and be appointed as KPR Chairman since October
        30, 2023
        2)
          Served as KPR Member since October 30, 2023




      RISK MONITORING COMMITTEE                                                                a. Is a party outside of BNI who has no financial,
      MEMBERSHIP REQUIREMENTS                                                                     management, share ownership and/or familial
      1. General Requirements                                                                     relationship with the Board of Commissioners,
         a. Have good integrity, character and morals as well                                     Board of Directors and/or Series A Dwiwarna
            as sufficient work experience related to the duties                                   shareholder, or relationship with a bank that may
            in other committees; and                                                              affect their ability to act independently, based on
         b. Has no personal interests/relationships that could                                    prevailing laws and regulations;
            have a negative impact and conflict of interest on                                 b. Has no direct or indirect business relationship
            BNI.                                                                                  related to BNI’s business activities;
      2. Competency Requirements                                                               c. In the last 1 (one) year before being appointed
         a. Has adequate expertise, ability, knowledge and                                        as a member of the Risk Monitoring Committee,
            experience in the fields of economics, finance and                                    was not a member of a Public Accounting Firm
            banking or risk management in accordance with                                         or a consultant who provided audit services, risk
            the requirements stipulated by the OJK Regulation                                     management services and/or non-audit consulting
            which regulates the requirements for members of                                       to BNI;
            the Risk Monitoring Committee;                                                     d. Not a party originating from company employees;
         b. Able to work together and has the ability to                                          and
            communicate properly and effectively and provide                                   e. The Committee is required to sign an integrity pact
            sufficient time to carry out their duties; and                                        which is a statement and commitment to comply
                                                                                                  with all statutory provisions and the principles of
         c. Has adequate knowledge and understanding of                                           Good Corporate Governance.
            banking, capital market laws and regulations,
            BUMN and other laws and regulations, especially
            those related to BNI’s operational activities,                                 RISK MONITORING COMMITTEE EDUCATIONAL
            implementation of Good Corporate Governance                                    QUALIFICATIONS AND WORK EXPERIENCE
            and risk management.                                                           As of December 31, 2023, the educational qualifications
      3. Requirements for Risk Monitoring Committee                                        and work experience of the Chair and Members of the Risk
         Independent Members who come from independent                                     Monitoring Committee were as follows
         parties:


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                              Risk Monitoring Committee Educational Qualifications and Work Experience
 Name                       Position                                       Education                                      Work Expertise
                            Committee Chairman/           Educational history can be found in the
Erwin Rijanto                                                                                            Work experience can be found in the Board of
                            Independent                   Board of Commissioners Composition
Slamet1)                                                                                                 Commissioners Composition Diversity Section
                            Commissioner                  Diversity Section
                                                          Educational history can be found in the
Pahala Nugraha                                                                                           Work experience can be found in the Board of
                            Member/Commissioner           Board of Commissioners Composition
Mansury2)                                                                                                Commissioners Composition Diversity Section
                                                          Diversity Section
                                                          Educational history can be found in the
                                                                                                         Work experience can be found in the Board of
Fadlansyah Lubis            Member/Commissioner           Board of Commissioners Composition
                                                                                                         Commissioners Composition Diversity Section
                                                          Diversity Section
                                                          Educational history can be found in the
                            Member/Independent                                                           Work experience can be found in the Board of
Septian Hario Seto                                        Board of Commissioners Composition
                            Commissioner                                                                 Commissioners Composition Diversity Section
                                                          Diversity Section
                                                                                                         1. Assistant Vice President Regional Risk
                                                                                                            Management Bandung at PT Bank Mandiri
                                                                                                            (Persero) Tbk
                                                                                                         2. Vice President Regional Risk Management
                                                          •   Bachelor’s degree in Agriculture              Bandung at PT Bank Mandiri (Persero) Tbk
Dwita Suherlina             Independent Member
                                                          •   Master of Financial Management             3. Vice President Regional Risk Management
                                                                                                            Jakarta Kelapa Gading at PT Bank Mandiri
                                                                                                            (Persero) Tbk
                                                                                                         4. Vice President of Department IV Corporate Risk
                                                                                                            Group at PT Bank Mandiri (Persero) Tbk
                                                                                                         1. VP Corporate Credit Risk Management Group
                                                                                                            at PT Bank Mandiri (Persero) Tbk.
                                                                                                         2. SVP Central Operations Group V at PT Bank
                                                          •   Bachelor’s degree in Geological               Mandiri (Persero) Tbk.
Bambang                                                       Engineering                                3. SVP Commercial Risk at PT Bank Mandiri
                            Independent Member
Setyogroho                                                •   Master of Business Administration             (Persero) Tbk.
                                                          •   Doctorate in Environmental Science         4. EVP Corporate Banking at PT Bank Mandiri
                                                                                                            (Persero) Tbk
                                                                                                         5. Independent Commissioner/Audit Committee
                                                                                                            of PT Sarana Multi Infrastructure
 Note:
 1)
   Ceased serving as a KPR Member and be appointed as KPR Chairman since October 30, 2023
 2)
   Served as KPR Member since October 30, 2023




RISK MONITORING COMMITTEE                                                              5. The Board of Commissioners, by taking into account the
MEMBERS TERM OF OFFICE                                                                    proposal from the Risk Monitoring Committee Chairman,
1. Risk Monitoring Committee Members who aremember                                        may dismiss at any time a Risk Monitoring Committee
   of the Board of Commissioners, their term of office as                                 independent party member if they are deemed not
   a member of the committee is the same as his term                                      to have carried out their duties and obligations
   of office as a member of the Board of Commissioners                                    as a member of the committee as stipulated in the
   determined by the GMS;                                                                 appointment/appointment Decree for the committee
2. Risk Monitoring Committee Members who are members                                      member concerned and/or Work Agreement between
   of the Board of Commissioners automatically cease                                      the relevant committee member and BNI, as well as
   being members of the committee when their term of                                      based on prevailing regulations;
   office as a member of the Board of Commissioners                                    6. In the event that a member of the Board of
   ends;                                                                                  Commissioners serving as Chairman of the Risk
3. If a Board of Commissioners member becomes                                             Monitoring Committee ceases to be a member of
   the Risk Monitoring Committee Chairman ceases                                          the Board of Commissioners, the Chairman of the
   before their term of office as a member of the Board                                   Committee concerned must be replaced by another
   of Commissioners, the Risk Monitoring Committee                                        member of the Board of Commissioners within 30
   Chairman will be replaced by another Independent                                       (thirty) days at the latest.
   Commissioner;
4. The term of office for Risk Monitoring Committee                                    RISK MONITORING COMMITTEE INDEPENDENCE
   members from independent parties is a maximum of                                    All members of the Risk Monitoring Committee who
   3 (three) years and can be extended once for 2 (two)                                come from independent parties shall have no financial,
   years so the total term of office for members of the Risk                           management, share ownership and/or familial relationships
   Monitoring Committee in the company is a maximum                                    with the Board of Commissioners, Board of Directors and/
   of 5 (five) years without prejudice to the right of the                             or controlling shareholders or relationships with the Bank,
   Board of Commissioners to dismiss the members of                                    which may affect their ability to act independently.
   the Committee concerned at any time;


                                                                                                    Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   791
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          2023                         Management                         Company                     Management Discussion and             Business Support
      Performance                        Report                            Profile                  Analysis on Company Performance            Functions




                                                           Risk Monitoring Committee Independence
                                                                                                                          No familial
                                                                                                                        Relationship
                                 No financial                      No Management                                     With the Board of      Not serving
                                 Relationship                       Relationship in                                   Commissioners,       on Boards of
        Name                     With the Board of                 BNi, Subsidiaries,         No shares in BNi          the Board of      Political Parties,
                                 Commissioners And                   or Affiliated                                    Directors And/or     Government
                                 the Board of Directors              Companies                                        fellow Members          Officials
                                                                                                                     of Risk Monitoring
                                                                                                                         Committee
        Erwin Rijanto
                                                √                             √                        √                        √                  √
        Slamet1)
        Pahala Nugraha
                                                √                             √                        √                        √                  √
        Mansury2)
        Fadlansyah Lubis                        √                             √                        √                        √                  √
        Septian Hario Seto                      √                             √                        √                        √                  √
        Dwita Suherlina                        √                              √                        √                        √                  √
        Bambang
                                               √                              √                        √                        √                  √
        Setyogroho
        Note:
        1)
          Ceased serving as a KPR Member and be appointed as KPR Chairman since October 30, 2023
        2)
          Served as KPR Member since October 30, 2023



      TRAINING AND/OR COMPETENCY IMPROVEMENT OF RISK MONITORING COMMITTEE MEMBERS
      To create superior and competitive human resources, the Bank organizes competency development programs to support
      the supervisory and management duties, especially in providing input to the Board of Commissioners. Information The
      following shows the Risk Monitoring Committee competency development participated in during 2023:

                                Erwin Rijanto Slamet1) – Chairman of the Committee/Independent Commissioner
                        Name of Training/Workshop/                   Implementation                Implementation           Education
        No                                                                                                                                   Organizer
                           Conference/seminar                             Date                         Venue                  Type
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                                                    Pahala Nugraha Mansury2) – Member/Commissioner
                        Name of Training/Workshop/                   Implementation                Implementation           Education
        No                                                                                                                                   Organizer
                           Conference/seminar                             Date                         Venue                  Type
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                                                          Fadlansyah Lubis – Member/Commissioner
                        Name of Training/Workshop/                   Implementation                Implementation           Education
        No                                                                                                                                   Organizer
                           Conference/seminar                             Date                         Venue                  Type
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                                                Septian Hario Seto – Member/Independent Commissioner
                        Name of Training/Workshop/                   Implementation                Implementation           Education
        No                                                                                                                                   Organizer
                           Conference/seminar                             Date                         Venue                  Type
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners




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          Practices                 Governance                     Responsibility                   Commitment                 Statements




                                                       Dwita Suherlina - Independent Member
                 Name of Training/Workshop/                    Implementation                  Implementation           Education
 No                                                                                                                                            Organizer
                    Conference/seminar                              Date                           Venue                  Type
                                                                                                                                         Bank Internal
              National Conference - Bank Internal                                         Gading Serpong -
 1                                                          July 12-13, 2023                                         Webinar             Auditor Association
              Auditors Association (IAIB)                                                 Tangerang
                                                                                                                                         (IAIB)
                                                                                                                                         PT Cipta Raya
                                                                                                                                         Mekar Sahitya
              Seminar & Masterclass GRC Summit
                                                                                                                                         collaborates with
 2            with the theme "Building Resilient             August 24-25, 2023           Yogyakarta                 Seminar
                                                                                                                                         CRMS (Center for
              Future through GRC & ESG"
                                                                                                                                         Risk Management &
                                                                                                                                         Sustainability.
              Compliance Forum – Anti-Money
              Laundering and Prevention of
              Terrorism Financing and Prevention
 3            of Funding for the Proliferation of           August 30, 2023               Jakarta                    Webinar             BNI University
              Weapons of Mass Destruction (APU
              PPT and PPPSPM), BNI Corporate
              University, 2023
              GRC Masterclass 2023 - Risk
 4            Management Effectiveness                      September 7, 2023             Jakarta                    Webinar             SOE Ministry
              Evaluation
              GRC Masterclass 2023 - ESG for
 5                                                          September 27, 2023            Jakarta                    Webinar             SOE Ministry
              Boards - Governance of ESG
              GRC Masterclass 2023 - CG
 6            Methodology and Environmental                 October 25, 2023              Jakarta                    Webinar             SOE Ministry
              and Social Management Systems



                                                  Bambang Setyogroho - Independent Member
                 Name of Training/Workshop/                    Implementation                  Implementation           Education
 No                                                                                                                                            Organizer
                    Conference/seminar                              Date                           Venue                  Type
                                                                                                                                         Bank Internal
              National Conference - Bank Internal                                         Gading Serpong -
 1                                                          July 12-13, 2023                                         Webinar             Auditor Association
              Auditors Association (IAIB)                                                 Tangerang
                                                                                                                                         (IAIB)
                                                                                                                                         PT Cipta Raya
                                                                                                                                         Mekar Sahitya
              Seminar & Masterclass GRC Summit
                                                                                                                                         collaborates with
 2            with the theme "Building Resilient             August 24-25, 2023           Yogyakarta                 Seminar
                                                                                                                                         CRMS (Center for
              Future through GRC & ESG"
                                                                                                                                         Risk Management &
                                                                                                                                         Sustainability.
              Compliance Forum – Anti-Money
              Laundering and Prevention of
              Terrorism Financing and Prevention
 3            of Funding for the Proliferation of           August 30, 2023               Jakarta                    Webinar             BNI University
              Weapons of Mass Destruction (APU
              PPT and PPPSPM), BNI Corporate
              University, 2023
              GRC Masterclass 2023 - Risk
 4            Management Effectiveness                      September 7, 2023             Jakarta                    Webinar             SOE Ministry
              Evaluation
              GRC Masterclass 2023 - ESG for
 5                                                          September 27, 2023            Jakarta                    Webinar             SOE Ministry
              Boards - Governance of ESG
              Webinar OJK Institute – Managing
                                                                                                                                         Financial Services
 6            Environmental, Social, and                    October 19, 2023              Jakarta                    Online
                                                                                                                                         Authority (OJK)
              Governance Risks and Opportunities
              GRC Masterclass 2023 - CG
 7            Methodology and Environmental                 October 25, 2023              Jakarta                    Webinar             SOE Ministry
              and Social Management Systems
 Note:
 1)
   Ceased serving as a KPR Member and be appointed as KPR Chairman starting October 30, 2023
 2)
   Served as KPR Member since October 30, 2023




                                                                                                       Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   793
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          2023                 Management                 Company              Management Discussion and          Business Support
      Performance                Report                    Profile           Analysis on Company Performance         Functions




      RISK MONITORING COMMITTEE DUTIES                                 3. Members of the Risk Monitoring Committee are
      The Risk Monitoring Committee duties include the following:         authorized to communicate directly with parties related
      1. Evaluating the suitability of risk management policies           to the Risk Monitoring Committee duties, including
         and the implementation of Bank policies, which include:          communicating matters related to financial and
         a. Evaluating the conformity between the Bank’s risk             management information; and
             management policies and the implementation of             4. In carrying out its duties the Risk Monitoring Committee
             these policies, which consist of credit risk, market         may cooperate with the Risk Management Committee,
             risk, liquidity risk, operational risk, strategic risk,      Integrated Risk Management Committee, Risk
             legal risk, compliance risk and reputation risk;             Management Work Unit and other relevant work units.
         b. Evaluating the conformity between the integrated
             risk management policies with the implementation          RISK MONITORING COMMITTEE
             of these policies, consisting of the 8 (eight) risks in   RIGHTS AND OBLIGATIONS
             point 1.a above, as well as insurance risk and intra-     1. Members of the Risk Monitoring Committee must carry
             group transaction risk;                                      out their duties properly in accordance with the Risk
         c. Providing recommendations to the Board of                     Monitoring Committee Charter;
             Commissioners on the suitability of risk management       2. Members of the Risk Monitoring Committee from
             and integrated risk management policies to ensure            independent parties have the right to receive an
             that BNI manages risks adequately; and                       honorarium from BNI, the amount of which is
         d. Reviewing and providing opinions to the Board of              determined by the Board of Commissioners based on
             Commissioners on the General Credit Policy and               the prevailing laws and regulations;
             other policies required by regulators, and submitted      3. Members of the Risk Monitoring Committee must
             by the Board of Directors for approval by the Board          maintain the confidentiality of all documents,
             of Commissioners.                                            data, information and everything related to the
      2. Monitoring and evaluating the implementation of the              implementation of the Risk Monitoring Committee
         Risk Management Committee and risk management                    duties;
         work unit duties, in order to provide recommendations         4. Before the current fiscal year, the Risk Monitoring
         to the Board of Commissioners, including:                        Committee must prepare and submit an Annual Work
         a. Monitoring the implementation of the Risk                     Plan and Budget to the Board of Commissioners for
             Management Work Unit work plans and the Risk                 determination, with copies submitted by the Board
             Management Committee duties;                                 of Commissioners to the Board of Directors for
         b. Monitoring the implementation of the Integrated               information. Implementation of the Risk Monitoring
             Risk Management Work Unit work plans and the                 Committee Annual Work Plan and Budget is reported
             Integrated Risk Management Committee duties;                 to the Board of Commissioners;
         c. Providing recommendations to the Board of                  5. Members of the Risk Monitoring Committee
             Commissioners to enhance the effectiveness of risk           must prepare and submit a report to the Board of
             management at BNI, including the implementation of           Commissioners, signed by the Committee Chair and
             integrated risk management in the Subsidiaries; and          Committee Members as follows:
         d. Providing evaluation results on risk-related regulator        a. Reports on each duty implementation accompanied
             assessments to the Board of Commissioners.                       by recommendations if necessary;
      3. Carrying out certain other duties related to the Risk            b. Quarterly reports and annual reports.
         Oversight Committee function and scope of duties as           6. Every year, the Committee through the Board of
         assigned by the Board of Commissioners.                          Commissioners reports to the General Meeting of
                                                                          Shareholders on their responsibilities and achievements
      RISK MONITORING COMMITTEE AUTHORITIES                               as well as other information that needs to be submitted;
      1. Based on written assignments from the Board of                7. Members of the Risk Monitoring Committee are
         Commissioners, the Risk Monitoring Committee can                 prohibited from accepting gifts or gifts in kind related
         access records or information about employees, funds,            to their position;
         assets and other resources owned by BNI relevant to the       8. Members of the Risk Monitoring Committee must
         performance of its duties. The Committee shall report            provide sufficient time to carry out their duties and
         in writing the results of the assignments to the Board           responsibilities optimally;
         of Commissioners;                                             9. Committee members from independent parties must
      2. Risk Monitoring Committee is authorized to conduct               attend the Company’s working days and hours under
         testing and perform inspections of BNI branches/                 the following conditions:
         representatives/regions and business units, if necessary;        a. At least 2 (two) day every week according to the day
                                                                              and attendance schedule determined by the Board
                                                                              of Commissioners and/or Committee Chairman,
                                                                              attend the Committee Meetings and carry out other
                                                                              duties according to assigned duties and obligations;
                                                                              as well as;


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          Practices             Governance                Responsibility                Commitment                  Statements




    b. If necessary, at the request of the Board of                            POLICY AND IMPLEMENTATION FREQUENCY OF
        Commissioners and/or Committee Chairman,                               RISK MONITORING COMMITTEE MEETINGS
        Committee members from independent parties                             1. The Risk Monitoring Committee shall meet at least 1
        must attend the Board of Commissioners’ Meetings                           (one) time in 1 (one) month;
        or Committee Meetings, or activities that must                         2. Risk Monitoring Committee Meetings shall only
        be attended by the Board of Commissioners in                               be conducted if attended by at least 51% (fifty one
        accordance with the requirements outside the daily                         percent) of the total number of members including an
        or routine attendance schedule.                                            Independent Commissioner and Independent Party
10. In order to avoid overlapping duties among the Committees                      members;
    under the Board of Commissioners and cooperation in the                    3. Risk Monitoring Committee meeting shall be led by the
    duties’ implementation, the Risk Monitoring Committee                          Risk Monitoring Committee Chairman or most senior
    must coordinate with other Committees under the Board                          Risk Monitoring Committee Member, if absent;
    of Commissioners.                                                          4. If deemed necessary, the Risk Monitoring Committee
                                                                                   may invite other parties related to the meeting to attend
RISK MONITORING COMMITTEE CHARTER                                                  the Risk Monitoring Committee Meeting;
The Risk Monitoring Committee has a Risk Monitoring                            5. Committee meeting decisions shall be made on the
Committee Charter, which is continuously refined and                               basis of consensus;
updated in accordance with developments/changes                                6. In the absence of consensus, decision-making shall be
in prevailing laws and regulations as well as current                              based on majority votes with the principle of 1 (one)
conditions. The last update/improvement of the BNI Risk                            person 1 (one) vote;
Monitoring Committee Charter was carried out in 2022,                          7. Risk Monitoring Committee meetings decisions shall be
which was stipulated in the Board of Commissioners Decree                          considered valid if approved by more than 1/2 (one-half)
No. KEP/007/DK/2022 dated June 02, 2022 concerning the                             of the Risk Monitoring Committee members present.
“Risk Monitoring Committee Charter”.                                               The principle of votes for members shall be 1 (one)
                                                                                   person 1 (one) vote;
The Risk Monitoring Committee Charter includes:                                8. The Committee meeting results shall be recorded in
1. Basis for establishing and carrying out the duties of the                       the meeting minutes signed by all members of the
   Risk Monitoring Committee;                                                      Committee present and documented in accordance
2. The Risk Monitoring Committee purpose and objectives;                           with the laws and regulations;
3. Risk Monitoring Committee Structure and membership;                         9. Any dissenting opinions that occur in committee
4. Risk Monitoring Committee membership requirements;                              meetings shall be clearly stated in the meeting minutes
5. Risk Monitoring Committee Duties;                                               together with the reasons for these differences of
6. Risk Monitoring Committee Authorities;                                          opinion;
7. Risk Monitoring Committee Rights and obligations;                           10. Minutes of Committee Meetings shall be prepared by
8. Risk Monitoring Committee Meetings;                                             the Secretary of the Committee;
9. Risk Monitoring Committee members Term of office.                           11. Minutes of Committee Meetings shall be submitted in
                                                                                   writing by the Risk Monitoring Committee to the Board
                                                                                   of Commissioners;

12. Committee Members Attendance in meetings shall be reported in the Committee’s quarterly report and annual report.

RISK MONITORING COMMITTEE MEETING AGENDA
During 2023, the Risk Monitoring Committee meeting dates, meeting agenda and participants were as follows:

                                            Risk Monitoring Committee Meeting Agenda
 No.          Meeting Date                      Meeting Agenda                            KPR Member                          Participants
                                                                                  •   Pradjoto1)
                                                                                  •   Erwin Rijanto Slamet
                                  Progress of BNI Risk Appetite Statement                                            Director of Risk Management
 1         January 31, 2023                                                       •   Fadlansyah Lubis
                                  (RAS) Review Results                                                               and related divisions
                                                                                  •   Dwita Suherlina
                                                                                  •   Bambang Setyogroho
                                                                                  •   Pradjoto1)
                                                                                                                     Integrated Governance
                                                                                  •   Erwin Rijanto Slamet
                                  Evaluation of Integrated Risk Profile and                                          Committee, Director of Risk
 2         February 7, 2023                                                       •   Septian Hario Seto
                                  Integrated KPMR Semester II/ 2022                                                  Management, and related
                                                                                  •   Dwita Suherlina
                                                                                                                     divisions
                                                                                  •   Bambang Setyogroho
                                                                                  •   Pradjoto1)
                                  Updates on conditions and problems                                                 Director of Risk Management,
                                                                                  •   Erwin Rijanto Slamet
                                  faced by Debtor Restructuring, as well                                             Director of Corporate &
 3         February 21, 2023                                                      •   Septian Hario Seto
                                  as debtor work plans for fulfilling and                                            International Banking, and
                                                                                  •   Dwita Suherlina
                                  completing credit facilities at BNI                                                related divisions
                                                                                  •   Bambang Setyogroho



                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   795
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          2023                        Management                    Company                    Management Discussion and                    Business Support
      Performance                       Report                       Profile                 Analysis on Company Performance                   Functions




                                                     Risk Monitoring Committee Meeting Agenda
        No.            Meeting Date                    Meeting Agenda                             KPR Member                           Participants
                                           Implementation and Plan for Review/
                                           Improvement of BNI's Information              •   Pradjoto1)
                                                                                                                               Director of Technology &
                                           Technology Risk Management Policy             •   Erwin Rijanto Slamet
                                                                                                                               Operations, Director of Risk
        4           March 7, 2023          in facing the Era of Business and             •   Septian Hario Seto
                                                                                                                               Management, and related
                                           Operational Digitalization, as well as        •   Dwita Suherlina
                                                                                                                               divisions
                                           the Demands of Global/International           •   Bambang Setyogroho
                                           Competition
                                           Review of the Effectiveness of
                                                                                         •   Pradjoto1)                        Director of Risk Management,
                                           Implementing the Internalization of BNI's
                                                                                         •   Erwin Rijanto Slamet              Director of Human Capital
                                           Work Culture to increase Risk Culture and
        5           March 31, 2023                                                       •   Septian Hario Seto                & Compliance, Director of
                                           Risk Awareness, as well as its influence
                                                                                         •   Dwita Suherlina                   Network & Services, and
                                           on the level of Operational Risk and BNI
                                                                                         •   Bambang Setyogroho                related divisions
                                           Credit Risk
                                                                                                                               Audit Committee, Risk
                                                                                         •   Pradjoto1)
                                                                                                                               Management Director, Retail
                                           Evaluation of BNI Wide and Regional LaR       •   Fadlansyah Lubis
        6           April 14, 2023                                                                                             Banking Director, Network &
                                           until March 2023                              •   Dwita Suherlina
                                                                                                                               Services Director, and related
                                                                                         •   Bambang Setyogroho
                                                                                                                               divisions
                                                                                                                               Audit Committee, Risk
                                                                                         •   Pradjoto1)
                                           Update on developments in conditions                                                Management Director,
                                                                                         •   Erwin Rijanto Slamet
                                           and future projections for BNI debtors                                              Wholesale & International
        7           May 12, 2023                                                         •   Septian Hario Seto
                                           regarding credit exposure in the nickel                                             Banking Director, Enterprise
                                                                                         •   Dwita Suherlina
                                           smelter industry sector                                                             & Commercial Banking
                                                                                         •   Bambang Setyogroho
                                                                                                                               Director, and related divisions
                                                                                         •   Pradjoto1)                        Director of Technology &
                                           BNI's readiness to prevent Lockbit 3.0        •   Septian Hario Seto                Operations, Director of Risk
        8           May 23, 2023           Ransomware attacks, as well as other          •   Fadlansyah Lubis                  Management, SEVP Digital
                                           potential cyber attacks against BNI IT        •   Dwita Suherlina                   Business, SEVP Technology,
                                                                                         •   Bambang Setyogroho                and related divisions
                                                                                         •   Pradjoto1)                        Director of Risk Management,
                                                                                         •   Erwin Rijanto Slamet              Director of Human Capital &
                                           Plans and developments for Remedial
        9           May 31, 2023                                                         •   Fadlansyah Lubis                  Compliance, SEVR Remedial
                                           and Recovery Performance 2023
                                                                                         •   Dwita Suherlina                   & Recovery, and related
                                                                                         •   Bambang Setyogroho                divisions
                                                                                                                               Director of Risk Management,
                                                                                                                               Director of Wholesale &
                                                                                         •   Pradjoto1)
                                                                                                                               International Banking,
                                                                                         •   Erwin Rijanto Slamet
                                           Evaluate the progress of End to End                                                 Director of Enterprise &
        10          July 4, 2023                                                         •   Septian Hario Seto
                                           Credit Process Transformation                                                       Commercial Banking, Director
                                                                                         •   Dwita Suherlina
                                                                                                                               of Retail Banking, Director of
                                                                                         •   Bambang Setyogroho
                                                                                                                               Technology & Operations,
                                                                                                                               and related divisions
                                                                                         •   Pradjoto1)                        Director of Risk Management,
                                           Evaluation of risks related to transactions   •   Erwin Rijanto Slamet              Director of Wholesale &
        11          July 18, 2023          in the Treasury (Market, Liquidity and        •   Septian Hario Seto                International Banking,
                                           Operational Risks)                            •   Dwita Suherlina                   SEVP Treasury, and related
                                                                                         •   Bambang Setyogroho                divisions
                                                                                                                               Director of Risk Management,
                                                                                         •   Pradjoto1)                        Director of Wholesale &
                                                                                         •   Erwin Rijanto Slamet              International Banking,
                                           Evaluation of BNI Wide and Regional LaR       •   Septian Hario Seto                Director of Enterprise &
        12          July 25, 2023
                                           until June 2023                               •   Fadlansyah Lubis                  Commercial Banking, Director
                                                                                         •   Dwita Suherlina                   of Retail Banking, Director
                                                                                         •   Bambang Setyogroho                of Network & Services, and
                                                                                                                               related divisions
                                                                                         •   Pradjoto1)
                                                                                         •   Erwin Rijanto Slamet              Integrated Governance
                                           Evaluation of Integrated Risk Profile and     •   Septian Hario Seto                Committee, Director of Risk
        13          August 8, 2023
                                           Integrated KPMR Semester I/2023               •   Fadlansyah Lubis                  Management, and related
                                                                                         •   Dwita Suherlina                   divisions
                                                                                         •   Bambang Setyogroho
                                                                                         •   Pradjoto1)
                                                                                         •   Erwin Rijanto Slamet
                                           Evaluation of the Implementation                                                    Director of Human Capital
                                                                                         •   Septian Hario Seto
        14          August 10, 2023        of BNI's Compliance and APU PPT                                                     & Compliance, and related
                                                                                         •   Fadlansyah Lubis
                                           Functions for the Smt I - 2023 Period                                               divisions
                                                                                         •   Dwita Suherlina
                                                                                         •   Bambang Setyogroho
                                                                                         •   Pradjoto1)                        Director of Human Capital
                                           Evaluation/Review of the Implementation
                                                                                         •   Erwin Rijanto Slamet              & Compliance, Director of
                                           of the Work Culture Internalization
        15          September 5, 2023                                                    •   Fadlansyah Lubis                  Risk Management, Director
                                           Program to improve Risk Culture and
                                                                                         •   Dwita Suherlina                   of Network & Services, and
                                           Risk Awareness at BNI
                                                                                         •   Bambang Setyogroho                related divisions

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          Practices                   Governance                      Responsibility                   Commitment                        Statements




                                                      Risk Monitoring Committee Meeting Agenda
 No.           Meeting Date                            Meeting Agenda                                     KPR Member                                Participants
                                                                                               •    Pradjoto  1)

                                                                                               •    Erwin Rijanto Slamet
                                         Internal Meeting – Credit discussion
                                                                                               •    Septian Hario Seto                    Chairman of KPR and all KPR
 16        September 13, 2023            in consultation with the Board of
                                                                                               •    Fadlansyah Lubis                      members
                                         Commissioners
                                                                                               •    Dwita Suherlina
                                                                                               •    Bambang Setyogroho
                                                                                                                                          Director of Human Capital
                                                                                                                                          & Compliance, Director of
                                                                                               •    Pradjoto1)
                                                                                                                                          Risk Management, Director
                                         Update on the Development                             •    Erwin Rijanto Slamet
                                                                                                                                          of Network & Services,
 17        September 26, 2023            and Obstacles of BNI Corporate                        •    Septian Hario Seto
                                                                                                                                          Director of Technology &
                                         Transformation                                        •    Fadlansyah Lubis
                                                                                                                                          Operations, SEVP Corporate
                                                                                               •    Bambang Setyogroho
                                                                                                                                          Transformation, and related
                                                                                                                                          divisions
                                                                                                                                          Director of Risk Management,
                                                                                               •    Pradjoto1)
                                                                                                                                          Director of Enterprise &
                                                                                               •    Erwin Rijanto Slamet
                                         Evaluation of BNI Wide and Regional LaR                                                          Commercial Banking, Director
 18        October 17, 2023                                                                    •    Fadlansyah Lubis
                                         until September 2023                                                                             of Retail Banking, Director
                                                                                               •    Dwita Suherlina
                                                                                                                                          of Network & Services, and
                                                                                               •    Bambang Setyogroho
                                                                                                                                          related divisions
                                         Stress Test on potential credit and market            •    Erwin Rijanto Slamet2)
                                         risks due to the influence of the War in the          •    Septian Hario Seto                    SEVP Credit Risk, SEVP
 19        November 7, 2023              Middle East, rising treasury yields in the            •    Fadlansyah Lubis                      Treasury, and related
                                         US, the rate of depreciation of the Rupiah            •    Dwita Suherlina                       divisions
                                         against the USD, and other factors                    •    Bambang Setyogroho
                                         •   Evaluation of the Implementation of
                                             BNI's Risk Management Functions
                                             during 2023, as well as Discussion
                                             of Work Plans for the Enterprise Risk
                                                                                               •    Erwin Rijanto Slamet2)
                                             Management Division and Operational
                                                                                               •    Pahala Nugraha Mansury3)
                                             Risk Management Division for 2024                                                            Director of Risk Management
 20        November 14, 2023                                                                   •    Fadlansyah Lubis
                                         •   Evaluation and Report to the Board                                                           and related divisions
                                                                                               •    Dwita Suherlina
                                             of Commissioners on the Realization
                                                                                               •    Bambang Setyogroho
                                             of the Implementation of the Duties
                                             of the Risk Management Committee
                                             and Integrated Risk Management
                                             Committee
                                                                                               •    Erwin Rijanto Slamet2)
                                         KPR Internal Meeting:
                                                                                               •    Pahala Nugraha Mansury3)
                                         • Discussion of the KPR Work Plan for
                                                                                               •    Fadlansyah Lubis                      Chairman of KPR and all KPR
 21        12 Desember 2023                2024
                                                                                               •    Septian Hario Seto                    members
                                         • Credit discussions in consultation
                                                                                               •    Dwita Suherlina
                                           with the Board of Commissioners
                                                                                               •    Bambang Setyogroho
 Note:
 1)
   Ceased serving as Chairman of KPR since October 30 2023
 2)
   Ceased serving as a KPR Member and be appointed as KPR Chairman since October 30, 2023
 3)
   Served as KPR Member since October 30 2023, currently in the OJK Fit & Proper Test process as Vice President Commissioner




RISK MONITORING COMMITTEE FREQUENCY AND ATTENDANCE LEVEL
The Risk Monitoring Committee meeting frequency and attendance level can be seen in the table below:

                                              Risk Monitoring Committee Meeting Attendance Level
 Name                                                           Position                                Number of Meetings               Attendance          Percentage
                                      Committee Chairman/ President Commissioner /
 Pradjoto1)                                                                                                                       18                  18               100%
                                      Independent Commissioner
                                      Member/Independent Commissioner
 Erwin Rijanto Slamet2)                                                                                                           21                   19               90%
                                      Committee Chairman /Independent Commissioner
 Pahala Nugraha Mansury3)             Member/Vice President Commissioner                                                            -                    -                   -
 Fadlansyah Lubis                     Member/Commissioner                                                                         21                   14               67%
 Septian Hario Seto                   Member/Independent Commissioner                                                             21                  15                71%
 Dwita Suherlina                      Independent Member                                                                          21                  20                95%
 Bambang Setyogroho                   Independent Member                                                                          21                  21               100%
 Note:
 1)
   Ceased serving as Chairman of KPR since October 30 2023
 2)
   Ceased serving as a KPR Member and be appointed as KPR Chairman since October 30, 2023
 3)
   Served as KPR Member since October 30 2023, currently in the OJK Fit & Proper Test process as Vice President Commissioner, in the OJK Fit & Proper Test process as Vice
 President Commissioner so not counted in the quorum



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      BRIEF REPORT ON THE RISK MONITORING                            8. Review of Anti-Money Laundering Policies and
      COMMITTEE ACTIVITIES                                               Procedures, Prevention of Terrorism Financing and
      In 2023, the Risk Monitoring Committee carried out all             Prevention of Funding for the Proliferation of Weapons
      programs/Work Plans that were established at the beginning         of Mass Destruction (APU PPT and PPPSPM) in 2023;
      of 2023 to support the supervisory duties of the Board of      9. Meeting and review of plans for additional Capital
      Commissioners. The mechanism for implementing KPR                  Inclusion and Provision of Funds to Related Parties
      activities/tasks is carried out through:                           in BNI Group Subsidiary Companies which require
      1. Holding KPR Meetings by inviting related Directors,             approval from the Board of Commissioners;
          related divisions/units;                                   10. Review of Risk Management Policy and Accountability
      2. Attending the Board of Commissioners meetings and               for the Implementation of BNI DPLK Risk Management
          the Board of Commissioners meetings with the Board of          proposed by the Board of Directors to the Board of
          Directors where the agenda is related to the KPR duties;       Commissioners;
      3. Studys/reviews evaluations outside the meeting forum.       11. Review of the Risk Monitoring Committee Charter.

      The Risk Monitoring Committee Meeting and monitoring           INTEGRATED GOVERNANCE COMMITTEE
      results, reviews/evaluations are submitted to the Board of
      Commissioners as reports and recommendations both in           The Integrated Governance Committee assists the Board of
      writing and in the Board of Commissioners meeting forum        Commissioners in strengthening its supervisory function
      During 2023, KPR held 21 (twenty one) meetings and made        and is guided based on applicable laws and regulations,
      65 (sixty five) reviews/evaluations. The Risk Monitoring       especially OJK Regulation No. 18/POJK.03/2014 dated
      Committee activities included the following:                   November 18, 2014 concerning the Integrated Governance
      1. Reviewing and meetings related to BNI Bank Health           for Financial Conglomerates, and OJK Circular Letter No. 15/
          Level, BNI Risk Profile, Integrated Risk Profile and the   SEOJK.03/2015 dated May 25, 2015 concerning Integrated
          duties of the Risk Management Committee and the BNI        Governance for Financial Conglomerates.
          Integrated Risk Management Committee;
      2. Meetings and in-depth reviews on the main issues of         BASIS FOR ESTABLISHING AN INTEGRATED
          Operational Risk, Legal Risk, Compliance Risk, Strategic   GOVERNANCE COMMITTEE
          Risk, Reputation Risk, Credit Risk, Market Risk and        The Integrated Governance Committee was established
          Liquidity Risk, Insurance Risk and Intra-group Risk;       based on the PT Bank Negara Indonesia (Persero)Tbk Board
      3. Duties related to credit:                                   of Commissioners Decree No. KEP/006/DK/2015 dated
          a. Meetings and reviews related to the Development of      June 22, 2015 concerning Establishment of the Integrated
              Loan at Risk (LaR) Handling and loan restructuring     Governance Committee. The Integrated Governance
              at BNI Wide and Regional levels, for the Corporate,    Committee shall be independent both in carrying out its
              Enterprise, Commercial and Small segments              duties and in reporting, and is directly responsible to the
              (including KUR);                                       Main Entity’s Board of Commissioners. BNI established
          b. Meetings and reviews related to loan consultations      the Integrated Governance Committee that performs its
              submitted by the Board of Directors to the Board       duties in accordance with laws and regulations, including:
              of Commissioners;                                      1. Financial Services Authority Regulation No. 18/
          c. Meeting and review of plans for providing credit            POJK.03/2014 dated November 18, 2014 concerning
              facilities to Related Parties which require approval       Integrated Governance for Financial Conglomerates;
              from the Board of Commissioners;                       2. Financial Services Authority Circular No. 15/
          d. Meetings and reviews regarding Remedial &                   SEOJK.03/2015 dated May 25, 2015 concerning
              Recovery Discussions;                                      Integrated Governance for Financial Conglomerates.
          e. Review regarding the performance of the Directorate     3. Financial Services Authority Regulation No. 45/
              of Enterprise Banking and Commercial Banking               POJK.03/2020 dated October 16, 2020 concerning
              segments.                                                  Financial Conglomerates;
          f. Review of the Maximum Credit Limit Report.              4. Financial Services Authority Regulation no. 17 of 2023
      4. Reviewing the updated General Policy on Risk                    dated 14 September 2023 concerning Implementation
          Management and General Policy on Integrated Risk               of Governance for Commercial Banks;
          Management & Integrated Capital of BNI proposed by         5. Minister of State-Owned Enterprises Regulation No.
          the Board of Directors to the Board of Commissioners;          PER-2/MBU/03/2023 dated 3 March 2023 concerning
      5. Reviewing the BNI 2023/2024 Recovery Plan Document              Guidelines for Governance and Significant Corporate
          update proposed by the Board of Directors for approval         Activities of State-Owned Enterprises; And
          by the Board of Commissioners;                             6. Regulation of the Minister of State-Owned Enterprises
      6. Review of Bank BNI's Business Plan for 2023 and                 No. PER-3/MBU/03/2023 dated 20 March 2023
          Revision of Bank BNI's Business for 2023;                      concerning Organs and Human Resources of State-
      7. Meeting and review of BNI's 2022 Risk Appetite                  Owned Enterprises.
          Statement proposed by the Board of Directors to obtain
          approval from the Board of Commissioners;


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INTEGRATED GOVERNANCE COMMITTEE                                              INTEGRATED GOVERNANCE
MEMBER REQUIREMENTS                                                          COMMITTEE MEMBERSHIP
1. General Requirements                                                      1. The Integrated Governance Committee consists of at
   a. Have good integrity, character and morals and                             least:
      sufficient work experience related to committee                           a. An Independent Commissioner who is the Chair of one
      duties;                                                                       of the committees in the Main Entity, and concurrently
   b. Has no personal interests/relationships that may                              serves as a member;
      cause negative impacts and conflicts of interest                          b. An Independent Commissioner who represents and
      to the Financial Services Institutions in the BNI                             is appointed by each Financial Services Institution in
      Financial Conglomerate.                                                       the BNI Financial Conglomerate, as a member;
2. Competency Requirements                                                      c. An independent party who serves as member. An
   a. Have adequate educational background, ability,                                independent party may come from an independent
      knowledge and experience in banking or other financial                        party Committee member in the Main Entity; and
      service institutions;                                                     d. Members of the Sharia Supervisory Board of
   b. Able to work together, have good and effective                                the Financial Services Institutions that carry out
      communication skills, and can provide sufficient time                         business activities based on Sharia principles in
      to carry out their duties;                                                    the BNI Financial Conglomerate as members,
   c. Have sufficient knowledge and understanding of the                            whose numbers are adjusted to the needs of BNI
      principles and processes of Good Corporate Governance                         Financial Conglomerate as well as the efficiency and
      in general, laws and regulations in the banking sector,                       effectiveness of the Integrated Governance.
      and other financial service institutions, especially related           2. The number and composition of Independent
      to the operational activities of banking and other financial              Commissioners who are members of the Integrated
      service institutions.                                                     Governance Committee as referred to in point 1 letter
3. Independence Requirements                                                    b above, are adjusted to the needs of the BNI Financial
   Members of the Integrated Governance Committee as                            Conglomerate and the efficiency and effectiveness of
   independent parties:                                                         carrying out the duties of the Integrated Governance
   a. Is a party outside of BNI who has no financial,                           Committee by taking into account the minimum
      management, share ownership and/or familial                               representation of each financial services sector;
      relationships with the Board of Commissioners,                         3. The membership of Independent Commissioners in the
      Supervisory Board, Board of Directors and/or                              Integrated Governance Committee, referred to in point
      Controlling Shareholders of the Financial Services                        1 letter b above, can be in the form of permanent and
      Institutions in the BNI Financial Conglomerate, or                        non-permanent members, in accordance with the needs
      relationships with Financial Services Institutions                        of the BNI Financial Conglomerate, where if necessary
      in the BNI Financial Conglomerate that may affect                         the Main Entity can add a non-permanent member as an
      their ability to act independently. The financial                         Independent Commissioner who is not yet a member
      relationship, management, share ownership and/                            of Integrated Governance Committee; and
      or familial relationship shall be in accordance with                   4. Membership of Independent Commissioners,
      the definitions stipulated by the prevailing laws                         Independent parties and members of the Sharia
      and regulations;                                                          Supervisory Board as referred to in point 1 above, in the
   b. Has no direct or indirect business relationship                           Integrated Governance Committee in the BNI Financial
      related to the business activities of Financial Services                  Conglomerate are not considered as concurrent
      Institutions within the BNI Financial Conglomerate.                       positions.

INTEGRATED GOVERNANCE COMMITTEE STRUCTURE, MEMBERSHIP AND EXPERTISE
As of December 31, 2023, the membership composition of the Integrated Governance Committee has changed with the
following details:

              Integrated Governance Committee Structure, Membership and Expertise as of 31 December 2023
 Name                       Position                     Period                            Description                         Expertise
                                                                                 President Commissioner/
                                                                                 Independent Commissioner PT           •   Law
 Pradjoto1)                 Chairman          December 31, 2023
                                                                                 Bank Negara Indonesia (Persero),      •   Economics
                                                                                 Tbk
                                              January 1-December 31,             Commissioner PT Bank Negara           •   Economics
 Askolani                   Member
                                              2023                               Indonesia (Persero), Tbk              •   Finance
                                              January 1-December 31,             Commissioner PT Bank Negara
 Susyanto                   Member                                                                                     Law
                                              2023                               Indonesia (Persero), Tbk
                                              September 1-December               Commissioner PT Bank Negara
 Robertus Billitea2)        Member                                                                                     Law
                                              31, 2023                           Indonesia (Persero), Tbk




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                     Integrated Governance Committee Structure, Membership and Expertise as of 31 December 2023
        Name                             Position                           Period                              Description                             Expertise
                                                                January 1-December 31,             President Commissioner/
       Parikesit Suprapto                Member                                                                                      Economic Development
                                                                2023                               Independent PT BNI Life Insurance
                                                                January 1-December 31,             Sharia Supervisory Board PT BNI             •   Law
       Siti Haniatunnisa                 Member
                                                                2023                               Life Insurance                              •   Sharia Economics
                                                                                                   President Commissioner/                     •   Economics
                                                                February 27, 2023
       Riswinandi3)                      Member                                                    Independent- Commissioner PT                •   Capital Markets
                                                                -December 31, 2023
                                                                                                   BNI Sekuritas                               •   Banking
                                                                                                                                               •   Mutual Funds
                                                                                                   President Commissioner/
                                                                January 1-December 31,                                                         •   Capital Markets
       Eko Priyo Pratomo                 Member                                                    Independent- Commissioner PT
                                                                2023                                                                           •   Finance
                                                                                                   BNI Asset Management
                                                                                                                                               •   Economics
                                                                January 1-December 31,             Independent- Commissioner PT                •   Economics
       Rufina Tinawati Marianto           Member
                                                                2023                               Hibank Indonesia                            •   Banking
                                                                                                                                               •   Finance
                                                                                                                                               •   Accountancy
       Nurani Raswindriati               Member                 June 1-December 31, 2023           Independent Party
                                                                                                                                               •   Risk management
                                                                                                                                               •   Economy
       Note:
       1)
          Served as a member of the Integrated Governance Committee since September 21, 2023
       2)
          Served as a member of the Integrated Governance Committee since September 21, 2023
       3)
          Served as a member of the Integrated Governance Committee since February 27, 2023



                                       Integrated Governance Committee Structure, Membership and Expertise
                                                        (Membership Period Ended in 2023)
        Name                                  Position                      Period                              Description                             Expertise
                                                                                                    President Commissioner/
                                                                                                                                               •    Economics
        Agus Dermawan Wintarto                                  January 1-September 19,             Independent Commissioner PT
                                         Chairman                                                                                              •    Finance
        Martowardojo1)                                          2023                                Bank Negara Indonesia (Persero)
                                                                                                                                               •    Banking
                                                                                                    Tbk
                                                                                                    Independent Commissioner PT
                                                                September 21 – October                                                         •    Finance
        Asmawi Syam2)                    Chairman                                                   Bank Negara Indonesia (Persero)
                                                                30, 2023                                                                       •    Banking
                                                                                                    Tbk
        Note:
        1)
          Ceased serving as Chairman of the Integrated Governance Committee as of September 19, 2023
        2
         Served as Chairman of the Integrated Governance Committee since September 21, 2023, and ceases to serve as Chair of the Integrated Governance Committee since October
        30, 2023




      INTEGRATED GOVERNANCE COMMITTE PROFILE

                                       Pradjoto1)                                              Askolani
                 Integrated Governance Committee Chairman                                      Integrated Governance Committee Member
        Profile can be found in the Board of Commissioners Profiles                            Profile can be found in the Board of Commissioners Profiles



                                       Susyanto                                                                         Robertus Billitea2)
                 Integrated Governance Committee Member                                                  Integrated Governance Committee Member
        Profile can be found in the Board of Commissioners Profiles                            Profile can be found in the Board of Commissioners Profiles




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          Practices           Governance               Responsibility               Commitment                  Statements




                                                        Parikesit Suprapto
                                              Integrated Governance Committee Member
 Nationality                                                            Work experience
 Indonesian citizen                                                     1. Commissioner of PT Indocement Tunggal Perkasa Tbk (2001-
                                                                            2006)
 Domicile
                                                                        2. Commissioner of PT Hutama Karya (2002-2007)
 South Tangerang City, Banten, Indonesia
                                                                        3. Commissioner of PT Bank Negara Indonesia (Persero) Tbk (2008-
 Place, Date of Birth, Age                                                  2010)
 Surabaya, August 8, 1951                                               4. President Commissioner of PT Pusri (Persero) (2008-2012)
 72 years old, as of December 31, 2023                                  5. President Commissioner of PT Balai Pustaka (Persero) (2008-
                                                                            2012)
 Education
                                                                        6. Commissioner of PT Indosat (Persero) Tbk (2011)
 • Bachelor’s degree in Corporate Economics from Sekolah Tinggi
    Manajemen Industri (1980)                                           7. Commissioner of PT Telkom (Persero) Tbk (2012- 2014)
 • Master’s in economic development from Indiana University/USA         8. Commissioner of PT KPEI (2013-2016)
    (1990)                                                              9. Independent Commissioner of PT Bank Bukopin Tbk (2013-2018)
 • Doctorate in economic development from University of Notre           10. President Commissioner of PT BNI Life Insurance (2018-present)
    Dame/USA (1995)                                                     11. Director of Financial Services Business Information, Ministry
                                                                            of State-Owned Enterprises/SOE Investment and Development
 Certification
                                                                            Agency (2000-2001)
 1. Risk Management Certification (CRGP) on March 9, 2023
                                                                        12. Director of Restructuring and Privatization, Directorate General
 2. Anti Fraud Governance (CAFG) Certification on September 9
                                                                            of SOE Development, Ministry of Finance (2001-2002)
    2023
                                                                        13. Assistant Deputy for Restructuring and Privatization of Financial
                                                                            Services Businesses, Construction and others (2002-2005)
                                                                        14. Expert Staff to the Minister of State-Owned Enterprises for Small
                                                                            Business Partnerships (2005-2008)
                                                                        15. Deputy for Banking and Financial Services Business, Ministry of
                                                                            State-Owned Enterprises (2008-2010)
                                                                        16. Deputy for Services Business Sector of State Ministry of State-
                                                                            Owned Enterprises (2010-2012)
                                                                        17. Assistant Minister of SOE (2012-2014)

                                                                        Legal Basis of Appointment
                                                                        First appointed as Member of the Integrated Governance Committee
                                                                        since December 2018 based on BNI Board of Commissioners
                                                                        Decree No. KEP/017/DK/2018 dated 13 December 2018.

                                                                        Term of Office
                                                                        2018-present (First Period)

                                                                        Concurrent Positions
                                                                        BNI
                                                                        1. Member of the Integrated Governance Committee – PT Bank
                                                                           Negara Indonesia (Persero) Tbk

                                                                        Other Companies/Institutions:
                                                                        1. President Commissioner – PT BNI Life Insurance
                                                                        2. Independent Commissioner – PT BNI Life Insurance




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      Performance                   Report                        Profile            Analysis on Company Performance           Functions




                                                                  Siti Haniatunnisa
                                                     Integrated Governance Committee Member
        Nationality                                                         Work experience
        Indonesian citizen                                                  1. Chairman of Syeikh Nawawi Tanara Banten School of Fiqh (STIF
                                                                               SYENTRA) (2016-present)
        Domicile                                                            2. Member of PT BRILife DPS (2016-present)
        Banten, Indonesia                                                   3. Member of PT Asuransi Jasindo Syariah DPS (2017-present)
                                                                            4. Member of PT DPLK Muamalat DPS (2018- present)
        Place, Date of Birth, Age                                           5. Member of PT Bank Muamalat Indonesia DPS (2019-present)
        DKI Jakarta, November 13, 1984                                      6. Member of PT BNI Life Insurance DPS (2020-present)
        39 years old, as of December 31, 2023
                                                                            7. DSN-MUI Plenary Member (2021-present)
        Education
                                                                            Legal Basis of Appointment
        • Bachelor's degree in Law from the International Islamic
                                                                            Appointed for the first time as Member of the Integrated
           University of Malaysia (IIUM) (2010)
                                                                            Governance Committee since December 2022 based on BNI Board
        • Master’s Degree in Law from Universitas Indonesia (2015)
                                                                            of Commissioners Decree No. KEP/021/DK/2022 dated October 28
                                                                            2022.
        Certification
        1. Certified in Risk Governance Professional (CRGP) certification   Term of Office
        2. Sharia Supervisor Certification                                  2022-present (First Period)
        3. LSP MUI Assessor Certification
                                                                            Concurrent Positions
                                                                            BNI:
                                                                            Member of the Integrated Governance Committee – PT Bank Negara
                                                                            Indonesia (Persero) Tbk

                                                                            Other Companies/Institutions:
                                                                            1. Chairman of the Syeikh Nawawi Tanara Banten School of Fiqh
                                                                               (STIF SYENTRA) (2016-present)
                                                                            2. Member of PT BRILife DPS (2016-present)
                                                                            3. Member of PT Asuransi Jasindo Syariah DPS (2017-present)
                                                                            4. Member of PT DPLK Muamalat DPS (2018- present)
                                                                            5. Member of PT Bank Muamalat Indonesia DPS (2019-present)
                                                                            6. Member of PT BNI Life Insurance DPS (2020-present)
                                                                            7. DSN-MUI Plenary Member (2021-present)




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                                                             Riswinandi3)
                                              Integrated Governance Committee Member
 Nationality                                                            Work experience
 Indonesian citizen                                                     1. Senior Assistant at SGV Utomo (1984-1986)
                                                                        2. Officer Recruitment Training and Executive Education Program at
 Domicile
                                                                            PT Bank Niaga (1986-1999)
 South Jakarta, DKI Jakarta, Indonesia
                                                                        3. Public Sector Unit Head Corporate Banking Group, Account
 Place, Date of Birth, Age                                                  Officer (1986-1999)
 66 tahun per 31 Desember 2023                                          4. Banking Head/Coordinator Corporate Banking Group (1986-1999)
                                                                        5. General Manager of Los Angeles Agency in the USA (1986-1999)
 Education                                                              6. Human Resource Group Head (1986-1999)
 Bachelor’s degree in Economics and Business from Universitas
                                                                        7. Vice President of Risk Management Credit Review at the National
 Trisakti (1983)
                                                                            Banking Restructuring Agency (1999-2001)
 Certification                                                          8. Commissioner at PT Bank Prima Express (representing IBRA)
 -                                                                          (1999-2001)
                                                                        9. Senior Vice President of the Loan Work Out – Asset Management
                                                                            Credit division (1999-2001)
                                                                        10. Executive Vice President Corporate Finance Division at PT Bank
                                                                            Danamon Indonesia Tbk (2001-2003)
                                                                        11. Director of Corporate Banking at PT Bank Danamon Indonesia
                                                                            Tbk (2001-2003)
                                                                        12. Commissioner at PT Asuransi Ekspor Indonesia (Persero) (2004-
                                                                            2006)
                                                                        13. Independent Commissioner at PT Bank Mandiri (Persero) Tbk
                                                                            (2003-2005)
                                                                        14. Group Head Credit Recovery 2 (2005-2006)
                                                                        15. Director of Special Asset Management (2006-2008)
                                                                        16. Director of Corporate Banking (2008-2010)
                                                                        17. Deputy President Director (2010-2015)
                                                                        18. Commissioner at PT Pefindo Credit Bureau (2015-2017)
                                                                        19. President Director at PT Pegadaian (Persero) (2015-2017)
                                                                        20. Member of the Board of Commissioners at the Financial Services
                                                                            Authority (2017-2022)
                                                                        21. Chief Executive of Non-Bank Financial Industry Supervision
                                                                            (IKNB) (2017-2022)

                                                                        Legal Basis of Appointment
                                                                        Appointed for the first time as Member of the Integrated
                                                                        Governance Committee in February 2023 based on Decree of the
                                                                        Board of Commissioners of PT Bank Negara Indonesia Persero Tbk
                                                                        Number KEP/001/DK/2023.

                                                                        Term of Office
                                                                        2023-present (First Period)

                                                                        Concurrent Positions
                                                                        BNI:
                                                                        Member of the Integrated Governance Committee of PT Bank
                                                                        Negara Indonesia (Persero) Tbk

                                                                        Other companies/institutions;
                                                                        1. Chairman of the Nomination and Remuneration Committee of
                                                                           PT BNI Sekuritas
                                                                        2. Chairman of the Audit Committee of PT BNI Sekuritas




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                                                                Eko Priyo Pratomo
                                                    Integrated Governance Committee Member
        Nationality                                                           Work experience
        Indonesian citizen                                                    1. President Commissioner/Independent Commissioner of PT BNI
                                                                                 Asset Management (April 2022 – present)
        Domicile
                                                                              2. Senior Advisor from PT Mandiri Manajemen Investasi (2019 –
        Jakarta, Indonesia
                                                                                 2020)
        Place, Date of Birth, Age                                             3. Director, CEO, Senior Advisor from PT BNP Paribas AM (1996 –
        Bandung, August 07, 1963                                                 2018)
        60 years old, as of December 31, 2023                                 4. Deputy GM, Marketing Director of PT Graha Buana Cikarang
                                                                                 (1995 – 1996)
        Education
                                                                              5. Deputy Marketing Manager from PT KSCI - Misui Group (1992 –
        • Bachelor’s degree in Engineering/Aviation from Institut Teknologi
           Bandung (1988)                                                        1995)
        • Master of Management from IPMI International Business School        6. Lead Engineer from PT IPTN (1988 – 1990)
           (1991)
                                                                              Legal Basis of Appointment
        Certification                                                         Appointed for the first time as Member of the Integrated
        1. Deputy Investment Manager (Financial Services Authority)           Governance Committee since October 2022 based on BNI Board
                                                                              of Commissioners Decree No. KEP/020/DK/2022 dated October 28,
        2. Training Program for Investment Professionals (Institute for
                                                                              2023
           Financial Analysis Development)
        3. Chartered Financial Consultant (Singapore College of Insurance)    Term of Office
        4. Chartered Life Underwrite (Singapore College of Insurance)         2023-Present (First Period)

                                                                              Concurrent Positions
                                                                              BNI:
                                                                              Member of the Integrated Governance Committee of PT Bank
                                                                              Negara Indonesia (Persero) Tbk

                                                                              Other Companies/Institutions:
                                                                              1. Chairman of the PT BNI Asset Management Audit Committee
                                                                              2. Chairman of the PT BNI Asset Management Risk Monitoring
                                                                                 Committee
                                                                              3. Founder/Guardian of the Syamsi Dhuha Foundation


                                                            Rufina Tinawati Marianto
                                                    Integrated Governance Committee Member
        Nationality                                                           Work experience
        Indonesian citizen                                                    1. Commercial Sales & Marketing Support Head at PT Bank OCBC
                                                                                 NISP Tbk (2013-2014)
        Domicile
                                                                              2. Executive VP Commercial Business Unit at PT Bank OCBC NISP
        Jakarta, Indonesia
                                                                                 Tbk (2012-2013)
        Place, Date of Birth, Age                                             3. Commercial Business Division Head at PT Bank OCBC NISP Tbk
        Semarang, May 8, 1959                                                    (2009-2011)
        64 years old, as of December 31, 2023                                 4. General Manager Commercial Jababeka at PT Bank Permata
                                                                                 (2003-2006)
        Education
                                                                              5. Independent Commissioner at Bank Mayora (2016-present)
        Bachelor’s Degree in Architectural Engineering and Management
        Economics from UNIKA Parahyangan Bandung (1986)
                                                                              Legal Basis of Appointment
                                                                              Appointed for the first time as Member of the Integrated
        Certification
                                                                              Governance Committee since July 2022 based on BNI Board of
        -
                                                                              Commissioners Decree No. KEP/012/DK/2022 dated July 22, 2022

                                                                              Term of Office
                                                                              2022-present (First Period)

                                                                              Concurrent Positions
                                                                              BNI:
                                                                              Member of the Integrated Governance Committee of PT Bank
                                                                              Negara Indonesia (Persero) Tbk

                                                                              Other Companies/Institutions:
                                                                              Chairman of the Audit Committee of PT Bank Hibank Indonesia




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                                                                   Nurani Raswindriati
                                             Integrated Governance Committee Independent Member
 Nationality                                                                        Work experience
 Indonesian citizen                                                                 1. Director of Finance and Operations at PT Niaga International
                                                                                       Factors (2002-2005)
 Domicile
                                                                                    2. Credit Risk Control Leader, Risk Management Group at PT Bank
 Jakarta, Indonesia
                                                                                       Permata Tbk (2007-2012)
 Place, Date of Birth, Age                                                          3. Senior Vice President at the Deposit Insurance Corporation/LPS
 Malang, March 1, 1962                                                                 (2012-2015)
 61 years old, as of December 31, 2023                                              4. Member of the Risk Monitoring Committee at Bank Resonia
                                                                                       Perdania
 Education
                                                                                    5. Member of the Risk Monitoring Committee at PT Bank Tabungan
 Bachelor's Degree in Accounting from Universitas Padjadjaran
 (1986)                                                                                Negara (2015-2016)
 Masters in Management, Department of Finance from Universitas                      6. Director of Compliance and Risk Management at PT Bank
 Gadjah Mada (2005)                                                                    Victoria Syariah (2016 –2021)
                                                                                    7. Senior Vice President Indonesia at Eximbank (2021)
 Certification                                                                      8. Independent Member of the Risk Monitoring Committee at PT
 1. Level 4 Risk Management Certification
                                                                                       Bank Negara Indonesia (Persero) Tbk (2021-2022)
 2. Sharia Banking Basics Certification
 3. Level III Compliance Certification                                              9. Independent Member of the Integrated Governance Committee
                                                                                       at PT Bank Negara Indonesia (Persero) Tbk (2022-present)

                                                                                    Legal Basis of Appointment
                                                                                    Appointed for the first time as Member of the Integrated
                                                                                    Governance Committee on June 1, 2022 based on Board of
                                                                                    Commissioners Decree No. KEP/010/DK/2022 dated 1 June 2022

                                                                                    Term of Office
                                                                                    2022-present (First Period)

                                                                                    Concurrent Positions
                                                                                    No concurrent positions internally or externally to the Company
 Note:
 1)
   Served as a member of the Integrated Governance Committee since October 30, 2023
 2)
   Served as a member of the Integrated Governance Committee since September 21, 2023
 3)
   Served as a member of the Integrated Governance Committee since February 27, 2023



APPOINTMENT, DISMISSAL, AND
TERM OF SERVICE OF INTEGRATED
GOVERNANCE COMMITTEE MEMBERS
1. The Integrated Governance Committee Chairperson                                      4. The Main Entity Board of Commissioners may
   and members are appointed and dismissed by the                                          dismiss any member of the Integrated Governance
   Main Entity Board of Commissioners;                                                     Committee if they are deemed to have not performed
2. Members of the Integrated Governance Committee can                                      their duties as members of the committee as set forth
   be members of the Main Entity Board of Commissioners,                                   in the Appointment Decree of the committee member
   or the Board of Commissioners and Supervisory Board                                     concerned;
   of the Financial Services Institutions:                                              5. In the event a member of the Main Entity Board of
   a. The term of office shall be equal to the term                                        Commissioners who concurrently serves as Chair
       of appointment as a member of the Board of                                          of the Integrated Governance Committee ceases
       Commissioners or Supervisory Board determined                                       to serve as a member of the Main Entity Board of
       by the GMS;                                                                         Commissioners, the Committee Chair shall be replaced
   b. Ceases automatically when their term of office                                       by another Independent Main Entity member of the
       as a member of the Board of Commissioners or                                        Board of Commissioners who is one of the Main Entity’s
       Supervisory Board ends.                                                             Committee Chairman within 30 (thirty) days at the latest;
3. The term of office for independent party members                                        and
   of the Integrated Governance Committee is for a                                      6. Dismissal and appointment of Committee members is
   maximum of 3 (three) years and can be extended                                          reported to the GMS.
   once for another 2 (two) years so that the total term of
   office for independent party members of the Integrated
   Governance Committee is for a maximum of 5 (five)
   years without prejudice to the right of the Board of
   Commissioners of the Main Entity to dismiss the
   member of the committee concerned at any time;




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      INTEGRATED GOVERNANCE COMMITTEE INDEPENDENCE

      The Integrated Governance Committee Members provide a fair and balanced assessment of all relevant conditions and
      are not influenced by personal interests or other parties in expressing their opinions.

                                                                                                                                            Rufina
        Independence                                                   Robertus      Parikesit       Siti                      Eko Priyo                  Nurani
                               Pradjoto1)    Askolani     Susyanto                                              Riswinandi3)               Tinawati
        Aspect                                                         Billitea2)    Suprapto    Haniatunnisa                  Pratomo                  Raswindriati
                                                                                                                                           Marianto

        Has no financial
        relationship with
        the Board of              √             √            √             √            √             √              √                √       √              √
        Commissioners
        and Directors

        Has no
        management
        relationships in
        the company,              √             √            √             √            √             √              √                √       √              √
        subsidiaries
        or affiliated
        companies

        Has no share
        ownership in the          √             √            √             √            √             √              √                √       √              √
        company

        Has no family
        relationship with
        the Board of
        Commissioners,
        Directors, and/or         √             √            √             √            √             √              √                √       √              √
        fellow members
        of the Integrated
        Governance
        Committee

        Not serving as
        administrators of
        political parties,        √             √            √             √            √             √              √                √       √              √
        officials or
        government

        Note:
        1)
          Served as a member of the Integrated Governance Committee since October 30, 2023
        2)
          Served as a member of the Integrated Governance Committee since September 21, 2023
        3)
          Served as a member of the Integrated Governance Committee since February 27, 2023



      TRAINING AND/OR COMPETENCY IMPROVEMENT OF THE INTEGRATED GOVERNANCE COMMITTEE

      To create a workforce that has excellence and competitiveness, the Bank organizes a competency development program
      to support the supervisory and management duties, especially in providing input to the Board of Commissioners. The
      following shows the Integrated Governance Committee competency development for 2023:

                        Pradjoto – Committee Chairman - President Commissioner/Independent Commissioner of BNI1)
        Name of Training/Workshop/                      Implementation               Implementation
                                                                                                                 Education Type                   Organizer
        Conference/seminar                                   Date                        Venue
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                                                     Askolani – Committee Member - BNI Commissioner
        Name of Training/Workshop/                      Implementation               Implementation
                                                                                                                 Education Type                   Organizer
        Conference/seminar                                   Date                        Venue
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners



                                                    Susyanto – Committee Member - BNI Commissioner
        Name of Training/Workshop/                      Implementation               Implementation
                                                                                                                 Education Type                   Organizer
        Conference/seminar                                   Date                        Venue
        Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners




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                                    Robertus Billitea – Committee Member - BNI Commissioner2)
 Name of Training/Workshop/               Implementation              Implementation
                                                                                                   Education Type                   Organizer
 Conference/seminar                            Date                       Venue
 Competency development/training can be found in the competency development/training section for the BNI Board of Commissioners


Parikesit Suprapto - Committee Member - President Commissioner/Independent Commissioner of BNI Life Insurance
           Name of Training/Workshop/                Implementation              Implementation
 No                                                                                                      Education Type                Organizer
           Conference/seminar                             Date                       Venue
           Training & Sharing Session Executive
           "The Role of Risk Management in                                                                                      Dr. Golan Hasan,
 1                                                  January 6, 2023             Zoom                   Webinar
           Carrying Out Business Challenges in                                                                                  SE, MSi, CPSP, CLSP
           the Insurance Industry 2023"
           Make a Big Change to Be Top Player in
 2                                                  24-25 January 2023          Inhouse                Training                 BNI Life
           Life Insurance
 3         Risk Management Training                 7-8 March 2023              Inhouse                Training                 LSPMR
 4        Risk Management Certification (CRGP)      March 9, 2023               Inhouse                Certification            LSPMR
 5        Fundamental of Wealth Management          May 16, 2023                Zoom                   Webinar                  OJK Institute
          Compliance Forum - Anti-Money
          Laundering and Prevention of Terrorist
          Financing and Prevention of Funding                                                                                   BNI Corporate
 6                                                  August 30, 2023             Zoom                   Webinar
          for the Proliferation of Weapons of                                                                                   University
          Mass Destruction (APU-PPT-PPPSPM)
          2023
          Master Class Program Series XXII "Risk
                                                    August 31-
 7        Capacity, The Fundamental Missing                                     Zoom                   Webinar                  GRC Management
                                                    September 1, 2023
          Puzzle in Risk Management Practice"
          Development, Characteristics and
                                                                                                                                BNI Corporate
 8        Risk Management of the Multifinance       September 5, 2023           Zoom                   Webinar
                                                                                                                                University
          Industry
 9        Anti Fraud Training                       September 6-7, 2023         Inhouse                Training                 GRC Management
          Certified Anti Fraud Governance
 10                                                 September 8, 2023           Inhouse                Certification            GRC Management
          (CAFG)
 11       Member of the GIRMA Association           October 16, 2023            Zoom                   Certification            LSPMR
          Managing Environmental, Social, and
 12                                                 October 19, 2023            Zoom                   Webinar                  OJK Institute
          Governance Risks and Opportunities
          National Conference of Risk
          Management Professionals IX
                                                    December 14-15,
 13       (Navigating Country Risk for                                          Zoom                   Webinar                  LSPMR
                                                    2023
          Sustainable Growth: Opportunities and
          Challenges)
          Facing the Insurance Industry
 14                                                 December 22, 2023           Zoom                   Webinar                  LPPI
          Challenges and Opportunities in 2024


                    Siti Haniatunnisa – Committee Member –Sharia Supervisory Board of BNI Life Insurance
          Name of Training/Workshop/               Implementation               Implementation
 No                                                                                                    Education Type               Organizer
          Conference/seminar                            Date                        Venue
          Webinar: an easy way to
                                                                                                                             GRC management
 1        determine key risk indicators in an      May 2-3, 2023            zoom                   Webinar/Seminar
                                                                                                                             competency for quality
          organization's strategic plan
          Development, Characteristics and
 2        Risk Management of the Pension           May 23, 2023             Jakarta                Training                  BNI University
          Fund Industry
          Increased Roles, Functions and
          Responsibilities of the company's
                                                                                                                             Insurance Association
          DPS sharia insurance related to                                   Hotel Grand
 3                                                 August 7-8, 2023                                Workshop                  of Indonesian Sharia
          management risks and compliance                                   Mercure Bandung
                                                                                                                             (AASI)
          with sharia after the implementation
          of the PPSK and derivative POJK
          DPS Pra Ijtima'Sanawi Workshop
          (annual meeting) in the field of                                  Hotel Mercure
 4                                                 September 6, 2023                               Workshop                  DSN-MUI
          insurance, pension funds and sharia                               Jakarta
          guarantees




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      Performance                       Report                       Profile               Analysis on Company Performance             Functions




                            Siti Haniatunnisa – Committee Member –Sharia Supervisory Board of BNI Life Insurance
                    Name of Training/Workshop/               Implementation       Implementation
        No                                                                                                 Education Type           Organizer
                    Conference/seminar                            Date                Venue
                                                                                                                             Nursing Academy
                    Seminar on the development
                                                                                                                             The end of the Islamic
        5           of sharia health and nursing in         August 26, 2023      Cirebon                 Seminar
                                                                                                                             boarding school
                    Indonesia
                                                                                                                             Cirebon
                    Tahun 2023 Anti-Money Laundering
                    and Prevention of Terrorism
                    Financing, and Prevention of Funding                                                                     BNI Corporate
        6           for the Proliferation of Weapons of     August 30, 2023      Jakarta                 Seminar             University and
                    Mass Destruction (APU PPT and                                                                            Compliance Division
                    PPPSPM) in the Financial Services
                    Sector Year 2023
                    Development, Characteristics and                                                                         Pricewaterhouse-
        7           Risk Management of the Financing        September 5, 2023    Jakarta                 Training            Cooper and BNI
                    Company Industry                                                                                         University
                    The 1st International Conference                                                                         International Islamic
                                                            September 13-        Krirk University        International
        8           “Rethinking the economic, social,                                                                        College Bangkok, Krirk
                                                            14,2023              Bangkok, Thailand       Conference
                    and cultural integration.                                                                                University Bangkok
                    IFRS 17 Implementation in Indonesia                                                  International
        9                                                   December 12, 2023    Swissotel Jakarta                           AASI
                    Shariah (Re) Insurance                                                               Conference



             Riswinandi – Committee Member - President Commissioner/Independent Commissioner of BNI Sekuritas3)
                    Name of Training/Workshop/               Implementation      Implementation
        No                                                                                                Education Type            Organizer
                    Conference/seminar                            Date               Venue
                    Sustainable Education Program
                    (PPL) for Members of the Board of
                    Directors and Members of the Board                                                  Sustainable
        1           of Commissioners of Securities          March 9, 2023       Online                  Education Program    APEI
                    Companies who carry out Business                                                    (PPL)
                    Activities as Underwriters and/or
                    Securities Brokers
                    Development, Characteristics and
                                                                                                                             BNI Corporate
        2           Risk Management of the Pension          May 23, 2023        Jakarta                 Training
                                                                                                                             University
                    Fund Industry
                    Anti-Money Laundering and
                    Prevention of Terrorism Financing,
                    and Prevention of Funding for the                                                                        BNI Corporate
        3           Proliferation of Weapons of Mass        August 30, 2023     Jakarta                 Seminar              University and
                    Destruction (APU PPT and PPPSPM)                                                                         Compliance Division
                    in the Financial Services Sector in
                    2023
                    Development, Characteristics and                                                                         Pricewaterhouse-
        4           Risk Management of the Financing        September 5, 2023   Jakarta                 Training             Cooper and BNI
                    Company Industry                                                                                         University


        Eko Priyo Pratomo – Committee Member - President Commissioner/Independent Commissioner of BNI Asset Management
                    Name of Training/Workshop/              Implementation       Implementation
        No                                                                                                Education Type            Organizer
                    Conference/seminar                           Date                Venue
                    Boosting Our Employee                                                                                    BNI Corporate
        1           Performance by The                     February 20, 2023    Jakarta                 Training             University
                    Implementation RACE Culture 2023
                    Development, Characteristics and
                                                                                                                             BNI Corporate
        2           Risk Management of the Pension         May 23, 2023         Jakarta                 Training
                                                                                                                             University
                    Fund Industry
                    Anti-Money Laundering and
                    Prevention of Terrorism Financing,
                    and Prevention of Funding for                                                                            BNI Corporate
        3           the Proliferation of Weapons of        August 30, 2023      Jakarta                 Seminar              University and
                    Mass Destruction (APU PPT and                                                                            Compliance Division
                    PPPSPM) in the Financial Services
                    Sector in 2023
                    Development, Characteristics and                                                                         Pricewaterhouse-
        4           Risk Management of the Financing       September 5, 2023    Jakarta                 Training             Cooper and BNI
                    Company Industry                                                                                         University



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         Rufina Tinawati Marianto – Committee Member - Independent Commissioner of Bank Hibank Indonesia
           Name of Training/Workshop/                    Implementation            Implementation
 No                                                                                                           Education Type                 Organizer
           Conference/seminar                                 Date                     Venue
           Transformation of BNI Multifinance
 1                                                     May 16, 2023               Zoom Meeting              Training                 BNI
           and Bank Mayora
           Invitation to Sharing Session with
           BNI: Development, Characteristics
 2                                                     May 23, 2023               Zoom Meeting              Seminar                  BNI
           and Risk Management of the
           Pension Fund Industry
           Socialization of the KPK's
 3                                                     June 21, 2023              Zoom Meeting              Training                 KPK
           Corruption Prevention Guide (CEK)
           AKHLAK Series - Leadership                                             hibank Ex-Business
 4                                                     July 21, 2023                                        Training                 Bank Hibank Indonesia
           Commitment                                                             Room Fl. 1 - Jakarta
           Performance Review of                                                  Graha BNI - Jakarta
 5                                                     August 25, 2023                                      Training                 BNI
           Subsidiaries for July 2023 Period                                      & Zoom Meeting
           Compliance Forum - Anti-Money
           Laundering and Prevention
           of Terrorism Financing, and
           Prevention of Funding for the                                          Graha BNI Fl. 25 -
 6                                                     August 30, 2023                                      Training                 BNI
           Proliferation of Weapons of                                            Jakarta
           Mass Destruction (APU PPT and
           PPPSPM) in the Financial Services
           Sector Year 2023
           Development of Corporate and
 7         Financing Industry Characteristics          September 05, 2023         Graha BNI - Jakarta       Training                 BNI
           and Risk Management
           BNI Sharing Session Series IV:
           Development, Characteristics and                                       Graha BNI Fl. 25 &
 8                                                     September 05, 2023                                   Training                 BNI
           Risk Management of the Financing                                       Zoom Meeting
           Company Industry
                                                                                                                                     BNI Subsidiaries
 9         IDS (Investor Daily Summit) 2023            October 24, 2023           Plataran                  Training
                                                                                                                                     Management Division


                                      Nurani Raswindriati – Committee Member – Independent Party
           Name of Training/Workshop/                    Implementation            Implementation
 No                                                                                                           Education Type                 Organizer
           Conference/seminar                                 Date                     Venue
           Socialization of Technical
           Guidelines for the Composition
 1                                                     June 13, 2023              Zoom                      Training                 SOE Ministry
           and Qualifications of Risk
           Management Organs
           Development, Characteristics and
                                                                                                                                     BNI Corporate
 2         Risk Management of the Pension              May 23, 2023               Jakarta                   Training
                                                                                                                                     University
           Fund Industry
                                                                                                                                     PT. Cipta Sekar Raya
           Building Resilient Program                                                                       International
 3                                                     August 24-25, 2023         Yogyakarta                                         Sahitya
           Through GRC & ESG                                                                                Seminar

           Anti-Money Laundering and
           Prevention of Terrorism Financing,
           and Prevention of Funding for                                                                                             BNI Corporate
 4         the Proliferation of Weapons of             August 30, 2023            Jakarta                   Seminar                  University and
           Mass Destruction (APU PPT and                                                                                             Compliance Division
           PPPSPM) in the Financial Services
           Sector in 2023
           Development, Characteristics and                                                                                          Pricewaterhouse-
 5         Risk Management of the Financing            September 5, 2023          Jakarta                   Training                 Cooper and BNI
           Company Industry                                                                                                          University
           Risk Management Effectiveness
 6                                                     September 7, 2023          Zoom                      Training                 Ministry of BUMN
           Evaluation
 7         Governance of ESG                           September 27, 2023         Zoom                      Training                 Ministry of BUMN
 Note:
 1)
   Served as Chairman of the Integrated Governance Committee since October 30, 2023
 2)
   Served as a member of the Integrated Governance Committee since September 21, 2023
 3)
   Served as a member of the Integrated Governance Committee since February 27, 2023




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      Performance                Report                     Profile           Analysis on Company Performance          Functions




      INTEGRATED GOVERNANCE COMMITTEE                                   2. Members of the Integrated Governance Committee are
      DUTIES, RESPONSIBILITIES, AND AUTHORITIES                            authorized to communicate directly with work units in
      Integrated Governance Committee’s duties and                         the Main Entity, for functions including Internal Audit,
      responsibilities include:                                            legal and compliance, finance and risk management,
      1. Evaluating Integrated Governance implementation                   human resources and aspects of business operational
         at least through assessment of adequacy of internal               functions required, to obtain information, clarification
         controls, implementation of integrated compliance                 and request reports required in an integrated manner
         functions and implementation of Integrated Governance             and/or to fulfill duties of the Integrated Governance
         Guidelines. When conducting the evaluations, The                  Committee; and duties of the Integrated Governance
         Integrated Governance Committee obtains information               Committee; And
         in the form of evaluation results on the implementation        3. To carry out its duties the Integrated Governance
         of internal audits, implementation of risk management             Committee can cooperate or coordinate with
         functions and implementation of compliance functions              Committees under the Board of Commissioners of
         for each Financial Services Institution from members              other Main Entities, as well as relevant divisions/units/
         of the Board of Commissioners of each Financial                   work units in the Main Entity or other Financial Services
         Services Institution who are members of the Integrated            Institutions within the BNI Financial Conglomerate.
         Governance Committee;
      2. Providing recommendations to the Main Entity Board             INTEGRATED GOVERNANCE
         of Commissioners regarding the Integrated Governance           COMMITTEE CHARTER
         and improvement evaluations of Integrated Governance           The Integrated Governance Committee Charter has been set
         Guidelines;                                                    by the Board of Commissioners as a reference and guideline
      3. Carrying out the duties of the Main Entity’s Board of          for the Integrated Governance Committee framework.This
         Commissioners to review and evaluate material related          guideline is continuously refined and updated in accordance
         to the duties of the Integrated Governance Committee           with developments/changes in applicable legal regulations
         and/or other duties as determined by the Main Entity’s         and current conditions. The last update/refinement to the
         Board of Commissioners;                                        BNI Integrated Governance Committee Charter was carried
      4. Evaluating the suitability of the Integrated Governance        out in 2022, as stipulated in Board of Commissioners Decree
         Policy against the implementation of these policies            No. KEP/005/DK/2022 dated June 01, 2022 concerning the
         and provide recommendations to the Board of                    Integrated Governance Committee Charter. The Integrated
         Commissioners of the Main Entity for the Integrated            Governance Committee Charter has also been published
         Governance policies and their implementation to ensure         on the BNI official website, and contains the legal basis;
         that Integrated Governance management has been                 definitions; committee formation and structure; committee
         carried out adequately;                                        member requirements; committee membership; committee
      5. Prior to the current fiscal year, the Integrated               duties, responsibilities and authorities; appointment,
         Governance Committee must prepare and submit an                dismissal and term of office of committee members;
         Annual Work Plan and Budget to the Main Entity’s Board         committee meetings, and reporting.
         of Commissioners for approval, a copy is submitted by
         the Main Entity’s Board of Commissioners to the Main           POLICY AND IMPLEMENTATION
         Entity’s Board of Directors for information purposes.          OF INTEGRATED GOVERNANCE
         The implementation of the Integrated Governance                COMMITTEE MEETING FREQUENCY
         Committee’s Annual Work Plan and Budget is reported            1. Integrated Governance Committee shall meet at least
         to the Main Entity’s Board of Commissioners; and                  1 (one) time in 1 (one) semester;
      6. Members of the Integrated Governance Committee are             2. Integrated Governance Committee Meetings shall
         required to carry out their duties properly and maintain          only be conducted if attended by at least 51%(fifty one
         the confidentiality of all documents, data, information,          percent) of the total number of members;
         and everything related to the implementation of the            3. Integrated Governance Committee meeting shall be led
         Integrated Governance Committee’s Duties and can                  by the Integrated Governance Committee Chairman or
         only used for the benefit of carrying out their duties.           most senior Integrated Governance Committee Member,
                                                                           if absent;
      The Integrated Governance Committee also has the                  4. If deemed necessary, the Integrated Governance
      following powers:                                                    Committee may invite other parties related to the
      1. The Integrated Governance Committee may request                   meeting to attend Risk Monitoring Committee Meeting;
          an explanation or the necessary information about
          employees, funds, assets, and other resources related to
          the performance of its duties to the Institute of Financial
          Services in the BNI Financial Conglomerate, with due
          regard to the prevailing regulations. The Committee
          shall report in writing the result of the assignment to
          the Board of Commissioners;


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5. The committee meeting must be attended by                                          Committee meetings decisions shall be considered valid
   Independent Commissioners from the Financial Services                              if approved by more than 1⁄2 (one-half ) of Integrated
   Institutions in the BNI Financial Conglomerate who are                             Governance Committee members present.The principle
   members of the Integrated Governance Committee.                                    of votes for members shall be 1 (one) person 1 (one)
   In the event that the independent Commissioner                                     vote;
   concerned is unable to attend the Integrated Governance                        8. Committee meetings results shall be recorded in
   Committee meeting, other Commissioners who are not                                 minutes of meeting signed by all members of Committee
   members of the Integrated Governance Committee or                                  present and documented in accordance with the laws
   officials at the relevant Financial Services Institution                           and regulations;
   may be asked to attend the Integrated Governance                               9. The results of the Committee’s meeting shall be stated
   Committee meeting by filling in the meeting, but not                               in the minutes of the meeting signed by all Committee
   will not be counted in the attendance quorum and voting                            members present and properly documented;
   to reach a decision at the meeting;                                            10. Any dissenting opinions that occur in committee
6. Committee meetings decisions shall be made on the                                  meetings shall be clearly detailed in the minutes of
   basis of consensus;                                                                meeting along with reasons for dissent;
7. In the absence of consensus, decision-making shall                             11. Attendance of Committee Members at meetings shall
   be based on majority votes. Integrated Governance                                  be reported in the quarterly reports and annual reports
                                                                                      of the Committee.

INTEGRATED GOVERNANCE COMMITTEE MEETINGS IMPLEMENTATION
For 2023, the Integrated Governance Meetings dates, meeting agenda and participants were as follows:

                                             Integrated Governance Committee Meeting Agenda
         Meeting
 No.                           Meeting Agenda                  Member of Integrated Governance Committee                              Invited
          Date
                                                                                                                         1. BNI Board of Directors:
                                                          1. Agus Martowardojo (President Commissioner of
                                                                                                                            Director of Finance,
                                                             BNI/Independent Commissioner of BNI) 1)                        Director of Corporate &
                       a. Evaluation of Integrated
                                                          2. Askolani (BNI Commissioner)                                    International Banking,
                          Financial Performance
                                                          3. Susyanto (BNI Commissioner)                                    Director of Network &
                          December 2022.
                                                          4. Parikesit Suprapto (President Commissioner/                    Services, Director of
                       b. Subsidiary Strategic & Business                                                                   Consumer Banking, and
                                                             Independent Commissioner of BNI Life Insurance)
                          Plan for 2023.                                                                                    Director of Technology &
        January                                           5. Siti Haniatunnisa (BNI Life Insurance Sharia
1                      c. Synergy Evaluation in 2022:                                                                       Operations.
        31, 2023                                             Supervisory Board)
                          Parent Entity and Subsidiary &
                                                          6. Eko Priyo Pratomo (President Commissioner/                  2. BNI Division:
                          Between Subsidiaries.
                                                             Independent Commissioner of BNI Asset                          Subsidiaries Development
                       d. Synergy Plan for 2023: Parent
                                                             Management)                                                    Division, Corporate
                          Entity and Subsidiary & Between
                                                          7. Rufina Tinawati Marianto (Independent                          Planning & Accounting
                          Subsidiaries.                                                                                     Division, and Corporate
                                                             Commissioner of Bank Mayora)
                                                                                                                            Development &
                                                          8. Nurani Raswindriati (Independent Party)
                                                                                                                            Transformation Division
                       a. Evaluation of the Integrated Risk   1. Agus Martowardojo (President Commissioner of
                          Profile and Integrated KPMR            BNI/Independent Commissioner of BNI) 1)                 1. BNI Risk Monitoring
                          Semester II/2022.                   2. Askolani (BNI Commissioner)                                Committee
                       b. Evaluation of Self-Assessment       3. Susyanto (BNI Commissioner)                             2. BNI Board of Directors:
                          Results on Integrated               4. Parikesit Suprapto (President Commissioner/                Director of Human Capital
                          Governance for the Semester            Independent Commissioner of BNI Life Insurance)            & Compliance, and Director
        February 7,       II/2022 period                      5. Siti Haniatunnisa (Sharia Supervisory Board of BNI         of Risk Management
2                                                                                                                        3. BNI Division:
        2023           c. Evaluation of the                      Life Insurance)
                                                                                                                            Enterprise Risk
                          Implementation of Integrated        6. Eko Priyo Pratomo (President Commissioner/
                                                                                                                            Management Division,
                          Compliance and APU PPT                 Independent Commissioner of BNI Asset                      Compliance Division, Anti
                          Functions Semester II/2022.            Management)                                                Fraud Unit, Internal Audit
                       d. Evaluation of the effectiveness     7. Rufina Tinawati Marianto (Independent                      Unit, and Subsidiaries
                          of Anti-fraud strategies and           Commissioner of Bank Mayora)                               Development Division
                          Subsidiary Company WBS.             8. Nurani Raswindriati (Independent Party)




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      Performance                   Report                          Profile               Analysis on Company Performance                Functions




                                                 Integrated Governance Committee Meeting Agenda
                Meeting
        No.                         Meeting Agenda                  Member of Integrated Governance Committee                          Invited
                 Date
                                                                 1. Agus Martowardojo (President Commissioner of
                                                                    BNI / Independent Commissioner of BNI) 1)
                           a. Evaluation of the effectiveness    2. Askolani (BNI Commissioner)
                              of the Integrated Internal Control 3. Susyanto (BNI Commissioner)                             1. BNI Board of Directors:
                              System Semester II/2022            4. Parikesit Suprapto (President Commissioner/                Vice President Director
                           b. Evaluation of the effectiveness       Independent Commissioner of BNI Life Insurance)         2. BNI Division:
                              of the Integrated Audit Work Unit 5. Siti Haniatunnisa (Sharia Supervisory Board of BNI          Enterprise Risk
               March 21,
       3                                                                                                                       Management Division,
               2023           Semester II/2022                      Life Insurance)
                                                                                                                               Compliance Division, Anti
                           c. Improve the quality and number 6. Eko Priyo Pratomo (President Commissioner/                     Fraud Unit, Internal Audit
                              of Auditors in Subsidiary             Independent Commissioner of BNI Asset                      Unit, and Subsidiaries
                           d. Results of Subsidiary Internal        Management)                                                Development Division
                              Audits and follow-up actions       7. Rufina Tinawati Marianto (Independent
                                                                    Commissioner of Bank Mayora)
                                                                 8. Nurani Raswindriati (Independent Party)
                           c. Executive summary of the
                              financial performance of all         1. Agus Martowardojo (President Commissioner/
                              Subsidiaries for the first quarter      Independent Commissioner of BNI) 1)
                                                                                                                            1. BNI Board of Directors:
                              of 2023.                             2. Askolani (BNI Commissioner)                              Finance Director
                           d. Current issues in all Subsidiaries   3. Susyanto (BNI Commissioner)                           2. BNI Division:
                           e. deepening the financial              4. Parikesit Suprapto (President Commissioner/              Enterprise Risk
               Mei 16,
       4                      achievements and performance of         Independent Commissioner of BNI Life Insurance)          Management Division,
               2023
                              hibank and BNI Finance, including    5. Riswinandi (President Commissioner/Independent           Compliance Division, Anti
                              synergies with the Main Entity          Commissioner of BNI Sekuritas) 5)                        Fraud Unit, Internal Audit
                                                                                                                               Unit, and Subsidiaries
                              and between Subsidiaries for the     6. Rufina Tinawati Marianto (Independent
                                                                                                                               Development Division
                              first quarter of 2023.                  Commissioner of Bank Mayora)
                           f. Progress of hibank and BNI           7. Nurani Raswindriati (Independent Party)
                              Finance transformation
                                                                1. Agus Martowardojo (President Commissioner/
                                                                   Independent Commissioner of BNI) 1)
                                                                2. Askolani (BNI Commissioner)
                           a. Brief Highlights of the Financial
                                                                3. Susyanto (BNI Commissioner)
                              Performance of BNI Subsidiaries
                                                                4. Parikesit Suprapto (President Commissioner/              1. BNI Board of Directors:
                              for the period Semester I – 2023;
                                                                   Independent Commissioner of BNI Life Insurance)             Vice President Director
                              And
                                                                5. Siti Haniatunnisa (Sharia Supervisory Board of BNI       2. BNI Division:
                           b. Deep understanding of financial                                                                  Enterprise Risk
               July 18,                                            Life Insurance)
       5                      achievements and Compliance,                                                                     Management Division,
               2023                                             6. Riswinandi (President Commissioner/Independent
                              Audit and Risk issues at BNI                                                                     Compliance Division, Anti
                                                                   Commissioner of BNI Sekuritas) 5)                           Fraud Unit, Internal Audit
                              Sekuritas, BNI Asset Management
                                                                7. Eko Priyo Pratomo (President Commissioner/                  Unit, and Subsidiaries
                              and BNI Securities Pte Ltd,
                                                                   Independent Commissioner of BNI Asset                       Management Division
                              (includes BNI BNIS Synergy,
                                                                   Management)
                              BNIAM and BSPL)
                                                                8. Rufina Tinawati Marianto (Independent
                                                                   Commissioner of Bank Hibank Indonesia)
                                                                9. Nurani Raswindriati (Independent Party)
                                                                   1. Agus Martowardojo (President Commissioner/
                                                                      Independent Commissioner of BNI) 1)                   1. BNI Risk Monitoring
                                                                   2. Askolani (BNI Commissioner)                              Committee
                           a. Evaluation of the Integrated Risk    3. Susyanto (BNI Commissioner)
                              Profile and Integrated KPMM          4. Parikesit Suprapto (President Commissioner/           2. BNI Board of Directors:
                              Semester I/2023                         Independent Commissioner of BNI Life Insurance)          Director of Human Capital
                           b. Evaluation of self-assessment        5. Siti Haniatunnisa (Sharia Supervisory Board of BNI       & Compliance and Director
                              results on Integrated                   Life Insurance)                                          of Risk Management
               August 8,
       6
               2023           Governance for the period            6. Riswinandi (President Commissioner/Independent
                                                                                                                            3. BNI Division:
                              Semester I/2023                         Commissioner of BNI Sekuritas) 5)
                                                                                                                               Enterprise Risk
                           c. Evaluation of Integrated             7. Eko Priyo Pratomo (President Commissioner/               Management Division,
                              Compliance and APU - PPT                Independent Commissioner of BNI Asset                    Compliance Division, Anti
                              Functions Semester I/2023               Management)                                              Fraud Unit, Internal Audit
                                                                   8. Rufina Tinawati Marianto (Independent                    Unit, and Subsidiaries
                                                                      Commissioner of Bank Hibank Indonesia)                   Management Division
                                                                   9. Nurani Raswindriati (Independent Party)




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          Practices                  Governance                       Responsibility             Commitment                    Statements




                                                   Integrated Governance Committee Meeting Agenda
          Meeting
 No.                               Meeting Agenda                        Member of Integrated Governance Committee                           Invited
           Date
                   a. Evaluation of the effectiveness
                                                                      1. Agus Martowardojo (President Commissioner/
                      of the Integrated Internal Control
                                                                         Independent Commissioner of BNI) 1)
                      System Semester I/2023.                                                                                    1. BNI Board of Directors:
                                                                      2. Askolani (BNI Commissioner)
                   b. Evaluation of the effectiveness                                                                               Vice President Director
                                                                      3. Susyanto (BNI Commissioner)
                      of the Integrated Audit Work Unit                                                                             and Director of Risk
                                                                      4. Parikesit Suprapto (President Commissioner/                Management
                      Semester I/2023.
                                                                         Independent Commissioner of BNI Life Insurance)
                   c. Improve the quality and number
         September                                                    5. Riswinandi (President Commissioner/Independent          2. BNI Division:
7                     of Auditors in Subsidiary.
         12, 2023                                                        Commissioner of BNI Sekuritas) 5)                          Enterprise Risk
                   d. Subsidiary Internal Audit Results                                                                             Management Division,
                                                                      6. Eko Priyo Pratomo (President Commissioner/
                      and follow-up actions.                                                                                        Compliance Division, Anti
                                                                         Independent Commissioner of BNI Asset
                   e. Evaluation of the Effectiveness                                                                               Fraud Unit, Internal Audit
                                                                         Management)
                      of the Implementation of Anti                                                                                 Unit, and Subsidiaries
                                                                      7. Rufina Tinawati Marianto (Independent                      Management Division
                      Fraud and Whistle Blowing
                                                                         Commissioner of Bank Hibank Indonesia)
                      System (WBS) in the BNI
                                                                      8. Nurani Raswindriati (Independent Party)
                      Financial Conglomerate
                                                              1. Asmawi Syam (Independent Commissioner of BNI)
                                                                  2)
                                                              2. Askolani - BNI Commissioner
                                                              3. Susyanto - BNI Commissioner
                                                              4. Robertus Billitea - BNI Commissioner 4)                         1. BNI Board of Directors:
                                                                                                                                    Director of Human Capital
                                                              5. Parikesit Suprapto - President Commissioner/
                                                                                                                                    and Compliance
                                                                  Independent Commissioner of BNI Life Insurance
                         a. Evaluation of the 2023 Integrated
                                                              6. Siti Haniatunnisa - Sharia Supervisory Board of BNI             2. BNI Division:
         October            Governance Guidelines
8                                                                 Life Insurance                                                    Enterprise Risk
         23, 2023        b. TKT Committee Work Plan for
                                                              7. Riswinandi - President Commissioner/Independent                    Management Division,
                            2024                                                                                                    Compliance Division, Anti
                                                                  Commissioner of BNI Sekuritas 5)
                                                              8. Eko Priyo Pratomo - President Commissioner/                        Fraud Unit, Internal Audit
                                                                                                                                    Unit, and Subsidiaries
                                                                  Independent Commissioner of BNI Asset
                                                                                                                                    Management Division
                                                                  Management
                                                              9. Rufina Tinawati Marianto - Independent
                                                                  Commissioner of Bank Hibank Indonesia
                                                              10. Nurani Raswindriati - Independent Party
                                                                      1. Pradjoto (President Commissioner/Independent
                                                                         Commissioner of BNI) 3)
                                                                      2. Susyanto - BNI Commissioner
                                                                      3. Parikesit Suprapto - President Commissioner/
                                                                         Independent Commissioner of BNI Life Insurance
                                                                      4. Siti Haniatunnisa - Sharia Supervisory Board of BNI
         November        Consolidation of the Integrated
9                                                                        Life Insurance                                          -
         7, 2023         Governance Committee
                                                                      5. Eko Priyo Pratomo - President Commissioner/
                                                                         Independent Commissioner of BNI Asset
                                                                         Management
                                                                      6. Rufina Tinawati Marianto - Independent
                                                                         Commissioner of Bank Hibank Indonesia
                                                                      7. Nurani Raswindriati - Independent Party
 Note:
 1)
   Ceased serving as Chairman of the Integrated Governance Committee since September 19, 2023
 2)
   Ceased serving as Chairman of the Integrated Governance Committee since October 30, 2023
 3)
   Served as Chairman of the Integrated Governance Committee since October 30, 2023
 4)
   Served as a member of the Integrated Governance Committee since September 21, 2023
 5)
   Served as a member of the Integrated Governance Committee since February 27, 2023


INTEGRATED GOVERNANCE COMMITTEE MEETINGS FREQUENCY AND ATTENDANCE LEVEL
The Integrated Governance Committee meetings frequency and attendance level be seen in the table below:

                       Integrated Governance Committee Meeting Attendance Level up to December 31, 2023
                                                                                                           Number of
 Name                                           Position                             Period                                Attendance          Percentage
                                                                                                           Meetings
 Agus Dermawan Wintarto
                                           Chairman                January 1 – September 19, 2023          7               9                 100
 Martowardojo1)
 Asmawi Syam      2)
                                           Chairman                September 21 – October 30, 2023         1               1                 100
 Pradjoto3)                                Chairman                October 30 – December 31, 2023          1               1                 100
 Askolani                                  Member                  January 1 – December 31, 2023           9               8                 89
 Susyanto                                  Member                  January 1 – December 31, 2023           9               9                 100

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                              Integrated Governance Committee Meeting Attendance Level up to December 31, 2023
                                                                                                                     Number of
        Name                                         Position                            Period                                      Attendance      Percentage
                                                                                                                     Meetings
                                                                       September 21, 2023 –December 31,
        Robertus Billitea4)                     Member                                                               2              1              50
                                                                       2023
        Parikesit Suprapto                      Member                 January 1 – December 31, 2023                 9              9              100
        Siti Haniatunnisa                       Member                 January 1 – December 31, 2023                 9              7              78
                                                                       February 27, 2023 – December 31,
        Riswinandi5)                            Member                                                               7              5              72
                                                                       2023
        Eko Priyo Pratomo                       Member                 January 1 – December 31, 2023                 9              9              100
        Rufina Tinawati Marianto                 Member                 January 1 – December 31, 2023                 9              9              100
        Nurani Raswindriati                     Member                 January 1 – December 31, 2023                 9              9              100
        Note:
        1)
          Ceased serving as Chairman of the Integrated Governance Committee since September 19, 2023
        2)
          Ceased serving as Chairman of the Integrated Governance Committee since October 30, 2023
        3)
          Served as Chairman of the Integrated Governance Committee since October 30, 2023
        4)
          Served as a member of the Integrated Governance Committee since September 21, 2023
        5)
          Served as a member of the Integrated Governance Committee since February 27, 2023




      BRIEF REPORT ON THE INTEGRATED                                                         Based on the strategy and work program of the Integrated
      GOVERNANCE COMMITTEE ACTIVITIES IN 2023                                                Governance Committee, the activities/tasks of the Integrated
      In 2023, the Risk Monitoring Committee carried out all                                 Governance Committee are carried out through the
      programs/Work Plans set at the beginning of 2023 to support                            following mechanisms:
      the supervisory duties of the Board of Commissioners.The                               1. Holding Integrated Governance Committee Meetings,
      following shows the strategic steps taken in 2023:                                         including those by inviting related Directors, related
      1. Improve the quality of the implementation of the                                        divisions/units;
          integrated compliance function by conducting                                       2. Following the Board of Commissioners meetings,
          a self-assessment of the implementation of the                                         and Board of Commissioners meetings with the
          compliance culture in each BNI Subsidiary, evaluating                                  Board of Directors where the agenda is related to
          the implementation of anti-fraud strategies, and the                                   the implementation of the Integrated Governance
          Whistleblowing System, Anti-Money Laundering,                                          Committee duties;
          Prevention of Terrorism Financing, and Prevention                                  3. Studies/evaluations/review outside the meeting forum.
          of Funding for the Proliferation of Weapons of Mass
          Destruction ( APUPPP-PPPSPM) at the BNI financial                                  The results of the Integrated Governance Committee
          conglomerate, as well as evaluating the implementation                             Meeting and monitoring, review/evaluation/review of the
          of the integrated compliance function.                                             Integrated Governance Committee are submitted to the
      2. Improving the quality of integrated internal control                                Board of Commissioners as reports and recommendations
          by ensuring the quality and number of auditors in                                  both in writing and in the Board of Commissioners Meeting
          Subsidiaries is sufficient, evaluating the effectiveness                           forum, and the Integrated Governance Committee also
          of the integrated internal control system, and evaluating                          submits suggestions, opinions and recommendations
          the results of the Subsidiary’s internal audit and follow-                         from the implementation of the Integrated Governance
          ups.                                                                               Committee Meeting in writing to the Board of Directors
      3. Improving the quality of integrated risk management                                 for follow-up. During 2023, the Integrated Governance
          by monitoring action plans, improving root causes in                               Committee held 9 (nine) meetings, holding discussions
          integrated risk management, evaluating integrated risk                             and discussing 29 (twenty-nine) meeting agendas. The
          profiles and Quality of Integrated Risk Management                                 implementation of the Integrated Governance Committee
          (KPMR) implementation, and reviewing the Integrated                                activities generally includes the following matters:
          Risk Management General Policy.                                                    1. Review and discuss the performance of the Subsidiary
      4. Maintaining the quality of Integrated Governance by                                     along with the development strategy of the Subsidiary
          evaluating integrated governance structures, processes                                 in line with the vision of PT Bank Negara Indonesia
          and results, reviewing and evaluating Integrated                                       (Persero) Tbk to become a financial institution that
          Governance Guidelines, and increasing knowledge of                                     leads in service and performance, including evaluating
          best practices for implementing integrated governance.                                 the Integrated Financial Performance Evaluation in
      5. Monitor the effectiveness of integrated governance                                      December 2022 and Synergy in 2022 : Parent Entity
          results by evaluating integrated financial performance,                                and Subsidiary & between Subsidiaries, as well as
          as well as evaluating synergy plans between BNI and                                    discussing the Strategic & Business plans of Subsidiary
          Subsidiary and synergies between Subsidiaries.                                         Companies for 2023 and Synergy Plans for 2023: Parent
                                                                                                 Entity and Subsidiary & between Subsidiaries;




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          Practices          Governance              Responsibility                 Commitment                 Statements




2. Encourage and provide suggestions for improving the                        the strengths and weaknesses of the implementation
    implementation of synergies for Subsidiary Companies                      of integrated Governance through an Evaluation of
    as part of the BNI Group, including synergies in financing                the Structure, Process and Results (SPH) of Integrated
    cooperation, sharing information, information and                         Governance Semester II/2022 & and Semester I/2023,
    technology, human resources, exploring prospective                        and ensure Action plans/improvement steps have been
    new products and optimizing business opportunities                        made for existing weaknesses;
    from PT Bank Negara Indonesia (Persero)Tbk as Holding                 12. Conduct monthly and/or quarterly evaluation, review
    Company;                                                                  and monitoring of the financial performance and
3. Encourage acceleration and provide suggestions                             performance of Subsidiaries in order to achieve
    so that Subsidiary Companies in the BNI Financial                         business targets as one of the results of Integrated
    Conglomeration can continue to increase positive                          Governance;
    contributions that have an impact on the profitability of             13. Evaluate and deepen the implementation of the
    the BNI Financial Conglomerate, of course accompanied                     compliance function at BNI Multifinance and BNI
    by adequate risk management and internal control,                         Life Insurance, with the things being studied, namely
    the fulfillment of quality human resources, and good                      Evaluation of the Hierarchy of Policies/Procedures in
    governance. Good;                                                         Subsidiaries, including Policies/Procedures that must
4. Discuss and recommend resolution of Governance                             be Approved by the Board of Directors and/or Board
    problems that occur in Subsidiary Companies, including                    of Commissioners, Fulfillment of Principle Indicators
    improvements to the implementation of integrated                          Prudence that must be managed in accordance with
    compliance functions in building a culture of compliance                  regulatory restrictions, follow-up to audit findings, and
    in each Subsidiary;                                                       follow-up to repeated audit findings;
5. Evaluate and provide recommendations to the Board                      14. Monitor and ensure that the results of OJK findings
    of Commissioners regarding the implementation                             and internal audits on the Main Entity and Subsidiaries
    of Integrated Governance including evaluating                             have been followed up and provide suggestions for
    the adequacy of integrated internal control;                              improvements related to human resources, database
    evaluation of the implementation of the integrated                        needs, completeness of regulations including those
    compliance function; implementation of integrated                         related to conflicts of interest in Subsidiary Companies;
    risk management; implementation of the Integrated                     15. Prepare an Evaluation report on the Implementation of
    Governance Guidelines, and achievement of Subsidiary                      Integrated Governance along with recommendations
    performance;                                                              for improvements to the Board of Commissioners;
6. Evaluate and provide recommendations for the                           16. Conduct effectiveness reviews and provide
    Integrated Governance Guidelines for the BNI Financial                    recommendations to the Board of Commissioners
    Conglomerate for the 2022 period;                                         regarding integrated internal control and audit results
7. Evaluate the effectiveness and provide advice on                           at Subsidiary Companies;
    the implementation of the Anti-Fraud Strategy,                        17. Review and update the Integrated Governance
    Whistleblowing System, and Implementation of Anti-                        Committee Charter in accordance with developments
    Money Laundering, Prevention ofTerrorism Financing,                       in the implementation of the Integrated Governance
    and Prevention of Funding for the Proliferation of                        Committee's duties;
    Weapons of Mass Destruction (APUPPP-PPPSPM)                           18. Report the implementation of the duties of the Integrated
    throughout all members of the BNI Financial                               Governance Committee every quarter to the Board of
    Conglomerate;                                                             Commissioners;
8. Review and recommend updates to the Integrated                         19. Prepare a work program for the Integrated Governance
    Governance Policy, General Integrated Risk Management                     Committee for 2024 with a focus on:
    Policy and Integrated Capital Management Policy;                          a. Encouraging increased achievement of integrated
9. Evaluate and provide advice on the adequacy                                    governance through evaluating the effectiveness
    of integrated internal control methodology and                                of company guidelines, monitoring financial
    problems based on audit results at the Main Entity                            performance achievements, improving the quality
    and Subsidiaries, including evaluation of improvements                        of integrated compliance and APU-PPT functions,
    in the quality and number of Auditors at Subsidiary                           and improving the quality of Integrated Risk
    Companies, the effectiveness of the Integrated Internal                       Management Implementation;
    Control System (SPI) Semester II 2022 & Semester I                        b. Improving the quality of integrated internal control
    of 2023, until the results of the Subsidiary Company's                        and integrated audit, through evaluation of the
    Internal Audit and follow-up;                                                 results of self-assessment of the implementation
10. Evaluate and provide advice on the preparation of                             of the integrated internal control system for the
    the Integrated Risk Profile and Integrated KPMR for                           semester period, evaluation of the implementation of
    Semester II 2022 and Semester I 2023, integrated risk                         integrated internal audit, and evaluation of the results
    appetite, and limits for all integrated exposures;                            of the Subsidiary internal audit and its follow-up;
11. Review and ensure that the Integrated Governance                          c. Increasing the effectiveness of the Integrated
    Report to the Financial Services Authority has identified                     Governance Committee's performance


                                                                                       Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   815
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          2023                    Management                     Company                    Management Discussion and               Business Support
      Performance                   Report                        Profile                 Analysis on Company Performance              Functions




      Supporting Organs
      of The Board Of Directors

      In carrying out the management of the Bank, the Board                     LEGAL BASIS
      of Directors is assisted by Directors' Supporting Organs,                 The establishment, appointment and implementation of
      namely the Corporate Secretary, Internal Audit Division,                  the Corporate Secretary refers to the following regulations
      Enterprise Risk Management Division, Compliance Division,                 and laws:
      and Policy Governance Division.                                           1. Law No. 19 of 2003 concerning State-Owned Enterprises;
                                                                                2. Regulation of the Minister of State-Owned Enterprises
      CORPORATE SECRETARY                                                           No. PER-2/MBU/03/2023 dated 03 March 2023 concerning
                                                                                    Guidelines for Governance and Significant Corporate
      The Corporate Secretary is an individual or person in                         Activities of State-Owned Enterprises;
      charge of a work unit that carries out the functions of the               3. Financial Services Authority Regulation No. 35/
      Corporate Secretary.The Corporate Secretary is appointed                      POJK.04/2014 concerning Corporate Secretaries of
      and dismissed based on a Board of Directors decision.                         Issuers or Public Companies;
      Based on the Company's Articles of Association, the                       4. BNI Articles of Association;
      Board of Commissioners has the authority to approve the
      appointment and dismissal of the Corporate Secretary.                     CORPORATE SECRETARY
      The Corporate Secretary is also prohibited from holding                   ORGANIZATIONAL STRUCTURE
      concurrent positions in other Issuers or Public Companies.                Based on Board of Directors' Decree No. KP/208/DIR/R dated
      In carrying out its role, the Corporate Secretary is also                 31 May 2023 and Corporate Development &Transformation
      expected to continuously update information on regulations                Division Memo No. CDV/2/684 dated 10 April 2023, the
      that must be complied with by the Company, and provide                    function of BNI Corporate Secretary is carried out by the
      important information to the Board of Directors and the                   Head of the Corporate Secretary Division with the following
      Board of Commissioners for decision making.                               structure description:

      The Corporate Secretary provides a positive value in
      assisting the management of Issuers or Public Companies,
      so as to increase the trust of shareholders, as well as other
      stakeholders.Therefore, the Corporate Secretary s required
      to have qualifications in accordance with their duties and
      responsibilities, as well as to increase their knowledge and
      ability to support them in carrying out their duties.




                                                                         Division
                                                                    Corporate Secretary


                           Departemen                                                        Departemen            Departemen
          Departemen                             Departemen            Departemen
                         Corporate Media                                                      Corporate           Capital Market        Departemen
           Corporate                           Corporate Event       Corporate Social
                          Intelligence &                                                     Stakeholder           Assurance &      Office of the Board
         Communication                          & Sponsorship         Responsibility
                             Analytics                                                       Management          Board Governance

                               Corporate                                                                                Capital
                                 Media           Corporate               Corporate             Corporate               Market
          Corporate                                                                                                  Assurance &        Office of the
                             Intelligence &        Event                   Event              Stakeholder
        Communication                                                                                                   Board              Board
                                Analytics      & Sponsorship           & Sponsorship          Management
                                                                                                                     Governance



                                                                                                                                       General Affair




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     Capital & Risk Management          Good Corporate                  Social & Environmental                      ESG                              Financial
               Practices                 Governance                         Responsibility                       Commitment                         Statements




     CORPORATE SECRETARY DUTIES                                                                        d. Organizing and documenting the Board of Directors
     AND RESPONSIBILITIES                                                                                  and/or the Board of Commissioners Meetings;
     When carrying out its duties, the BNI Corporate Secretary is                                      e. Organizing an orientation program for the Board of
     directly responsible to the President Director with a mission to                                      Directors and/or the Board of Commissioners.
     support the creation of a good corporate image consistently                                   4. Acting as a liaison between the Issuer or Public Company
     and continuously. This is achieved by managing effective                                          and the shareholders of the Issuer or Public Company,
     communication programs to all stakeholders. In addition,                                          OJK, and other stakeholders.
     the Corporate Secretary has access to material and relevant                                   5. Provide information required by shareholders and
     information related to the Bank and understands the laws                                          stakeholders relating to the condition of the Company
     and regulations in the capital market sector, especially those                                6. Attend Board of Directors Meetings, Board of
     related to information disclosure issues.                                                         Commissioners Meetings, joint meetings of the Board
                                                                                                       of Directors and Board of Commissioners and prepare
     The Corporate Secretary function refers to OJK Regulation                                         Meeting Minutes
     no. 35/POJK/2014 concerning Corporate Secretary of Issuers                                    7. Manage the Shareholder Register and Special Shareholder
     or Public Companies which includes:                                                               Register
     1. Following developments in the Capital Market, especially                                   8. Responsible for holding the GMS. Prepare the necessary
         the laws and regulations in force in the Capital Market                                       materials related to the Board of Directors' routine reports/
         sector;                                                                                       activities which will be submitted to external parties.
     2. Providing input to the Board of Directors and Board of                                         Prepare the necessary materials/materials relating to
         Commissioners of Issuers or Public Companies to comply                                        matters that require a decision from the Board of Directors
         with statutory provisions in the Capital Market sector;                                       regarding the management of the Company;
     3. Assisting the Board of Directors and Board of                                              9. Holding meetings within the Board of Directors, both
         Commissioners in the corporate governance                                                     routine and non-routine
         implementation including:                                                                 10. Carry out activities related to shareholders and
         a. Information Disclosure to the public, including the                                        stakeholders through analyst meetings, public exposes,
             availability of information on the Issuer’s or Public                                     conference calls, non-deal roadshows, and meetings
             Company’s Website;                                                                        with shareholders.
         b. Submitting timely reports to OJK;
         c. Implementing and documenting the General Meeting
             of Shareholders;



     In line with the functions of the Corporate Secretary based on the Financial Services Authority Regulations, related laws and
     regulations, and best practice, in accordance with the BNI Company Organization Guidelines for the Corporate Secretary
     Division, the duties and functions of the Corporate Secretary include:




                 1                                                    3                                                       5                                                          7
                                  Corporate
                                  Communication
                                  Function
                                                                                                                                                  Corporate
                                                                                                                                                  Stakeholder
                                  Conducting internal and
                                  external communication
                                                                                                                                                  Management
                                  activities, research and                                                                                        Function
         Capital Market                                      Corporate Media                                         Corporate Social                                           Function of Office of
                                  development of effective
         Assurance & Board                                   Intelligence &                                          Responsibility               Conducting activities         the Board
                                  internal communication
         Governance Function      tools, publishing          Analytics Function                                      Function                     related to institutions and
                                  internal media, Board of                                                                                        collaborating with related    Conducting activities
         Conducting activities    Directors' communication   Conducting activities         Corporate Event &         Carrying out activities of   agencies in order to          related to the smooth
         related to Corporate     media, internal            of corporate media            Sponsorship Function      strategy preparation in      improve BNI's Corporate       implementation of the
         Secretary function in    communication media in     intelligence and analytics,                             distribution optimization,   Image. Conducting             Board of Commissioners'
         relation to applicable   the form of print media    managing systems                                        evaluation monitoring,       activities related to the     duties in ensuring
                                                                                           Conducting
         provisions in Capital    and electronic media       and tools to follow-up                                  and realization of           media, collaborating with     the implementation
                                                                                           comprehensive
         Market sector and        (including the Company's   negative news about BNI                                 the Program Social           mass media and related        of Good Corporate
                                                                                           BNI sponsorship
         corporate law for the    website and internal       Group                                                   Responsibility and           agencies in order to          Governance, supporting
                                                                                           management activities,
         Company as well as law   communication portal),                                                             Environment (TJSL) and       improve BNI's Corporate       the Board of Directors'
                                                                                           corporate identity, BNI
         of obligations within    as well as managing                                                                community development.       Image.                        needs, and managing
                                                                                           branding, as well as
         the scope of Corporate   relationship with the                                                                                                                         secretarial, protocol, and
                                                                                           promotional activities
         Secretary Division.      media.                                                                                                                                        housekeeping activities,
                                                                                           and corporate events.
         Monitoring the                                                                                                                                                         as well as general
         implementation of Good                                                                                                                                                 department activities.
         Corporate Governance




                                          2                                                         4                                                      6
         of the Company's
         organs (GMS, Board of
         Directors, and Board
         of Commissioners) to
         ensure compliance with
1.       applicable regulations
         and best practices.




                                                                                                                     Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk                             817
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          2023                       Management                       Company                   Management Discussion and                    Business Support
      Performance                      Report                          Profile                Analysis on Company Performance                   Functions




      CORPORATE SECRETARY PROFILE
      The acting duties of Corporate Secretary had been served by Okki Rushartomo since 19 September 2022 until now.
                                              Okki Rushartomo
                                              Corporate Secretary


                                              Domicile
                                              Jakarta, Indonesia

                                              Nationality
                                              Indonesian citizen

                                              Place, Date of Birth, Age
                                              43 years old, as of December 31, 2023




       Position History

            Legal Basis for Appointment
            Appointed as Corporate Secretary based on Board of Directors' Decree No. KP/367/DIR/R dated September 14, 2022

            Period of Service
            (September 19, 2022 – Present)

            Work experience
            1. Assistant Vice President in the Card Business Division at PT Bank Negara Indonesia (Persero) Tbk (2015-2018)
            2. Head of Card Business Division at PT Bank Negara Indonesia (Persero) Tbk (2018-2020)
            3. Head of Marketing Communications Division at PT Bank Negara Indonesia (Persero) Tbk (2020-2022)

       Education
       Bachelor’s degree in Industrial Engineering from Institut Teknologi Bandung (2002)

       Affiliated Relationships
       Has no affiliated relationships with members of the Board of Directors, Board of Commissioners, or Majority/Controlling Shareholders

      FLOW FOR APPOINTMENT AND/DISMISSAL OF CORPORATE SECRETARY


         Submission of proposals for the
        Appointment and Dismissal of the       Decision of the Board of Directors
                                                                                                                                 Submitting a Report on the
         Corporate Secretary/Head of of       Meeting (Executive Talent Committee)   Appointment and Dismissal by Decree
                                                                                                                                Appointment/ Dismissal of the
         Corporate Secretary Division &        is proposed to be decided by the            of the Board of Directors
                                                                                                                                 Corporate Secretary to OJK
        decided at the Board of Directors           Board of Commissioners
       Meeting (Executive Talent Committee)



      The appointment of Okki Rushartomo as Corporate Secretary were reported by the Company on September 19, 2022 to
      OJK, the Indonesia Stock Exchange, and the Ministry of SOEs.

      TRAINING AND/OR COMPETENCY IMPROVEMENT OF CORPORATE SECRETARY
      The skills development program the Corporate Secretary participated in during 2023 included:

                    Name of Training/Workshop/                 Implementation
        No                                                                           Place of execution         Type of Education              Organizer
                       Conference/Seminar                           date
                Risk Culture and Peer Review to Prevent                                                                                    BNU Division
        1                                                      February 16, 2023     Zoom                     Webinar
                Internal Fraud                                                                                                             - BNI
                                                                                                                                           BUMN Public
        2       SOE Communication Week                         May 4-6, 2023         Bandung                  Workshop
                                                                                                                                           Relations Forum
        3       Compliance Forum                               August 30, 2023       Zoom                     Webinar                      BNI
                Socialization of the 2023 SOE Minister
                                                               September 7-9,        Royal Ambarukmo
        4       Regulations and the impact on                                                                 Workshop                     HIMBARA
                                                               2023                  Hotel Yogyakarta
                HIMBARA's Articles of Association
                                                                                     BNI Tower
                BNI Competence and Awareness with
        5                                                      October 10, 2023      Pejompongan              Webinar                      BNI
                POJK regulations
                                                                                     Ballroom


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          Practices            Governance                Responsibility                 Commitment                  Statements




              Name of Training/Workshop/           Implementation
 No                                                                           Place of execution      Type of Education              Organizer
                 Conference/Seminar                     date
                                                                          Shangri-La Hotel
 6       SOE spoke person Masterclass              October 18, 2023                                  Workshop                    SOE
                                                                          Jakarta
         FGD on Similarities in Perceptions of
         Institutional Licensing, Management       October 26-27,         Ritz Carlton Hotel         Forum Group
 7                                                                                                                               FSA
         and Ownership of Conventional             2023                   Jakarta                    Discussion
         Commercial Banks
                                                   November 12-17,                                                               Kellog School of
 8       Corporate Finance                                                Evanston, Iiinois, US      Training
                                                   2023                                                                          Management
                                                   December 7–8,                                                                 CSE Division -
 9       Productivity Enhancement                                         Bandung                    Workshop
                                                   2023                                                                          BNI
                                                                          Hotel Hermitage
 10      Corporate Secretary Division              December 9, 2023                                  Workshop                    BNI
                                                                          Menteng, Jakarta
         Sosialisasi Program Transformasi
                                                   December 12,           JW Marriott Hotel,
 11      Layanan Perizinan di Sektor Jasa                                                            Workshop                    FSA
                                                   2023                   Jakarta
         Keuangan




CORPORATE SECRETARY REPORT FOR FISCAL YEAR 2023
In line with the Corporate Secretary Report as regulated in Article 11 of the OJK Regulation No. 35/POJK/2014, which states that::
1. The Corporate Secretary is required to make periodic reports at least 1 (one) time in 1 (one) year on the implementation
     of the Corporate Secretary functions to the Board of Directors with a copy to the Board of Commissioners;
2. Issuers or Public Companies are required to disclose a brief description on the implementation of the Corporate Secretary
     functions and information concerning Corporate Secretary education and/or training in the annual report of the Issuer or
     Public Company;

                                        Corporate Secretary Function Implementation Report
           Functions According
 No                                              Program                                                 Realization
                 to FSA
                                                                          •     Provide feedback to the Financial Services Authority as the
                                     Regarding the development of               capital market regulator regarding the draft OJK Regulations for
         Following Capital Market
 1.                                  the Capital Market, especially             2023
         Developments
                                     Capital Market legislation           •     Attend socialization and discussions on the implementation of
                                                                                Capital Market regulations and systems
                                                                          •     Review and provide suggestions regarding decisions and/or
                                     Provide input to the Board                 policies of the Board of Directors and Board of Commissioners
         Provide input to the
                                     of Directors and Board of                  as well as units under the Board of Directors, based on Capital
         Board of Directors and
                                     Commissioners to comply with               Market regulations
 2.      Board of Commissioners
                                     Capital Market regulations in        •     Socialize changes to Capital Market regulations to the Board
         to comply with Capital
                                     every decision making or policy            of Directors and Board of Commissioners. Reminder Capital
         Market regulations
                                     determination                              Market regulations to the Board of Directors and Board of
                                                                                Commissioners




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      Performance                   Report                      Profile               Analysis on Company Performance             Functions




                                               Corporate Secretary Function Implementation Report
                    Functions According
        No                                            Program                                             Realization
                          to FSA
                                                                             •   Assist the Board of Directors in organizing the GMS by paying
                                                                                 attention to Capital Market regulations and best practices. The
                                                                                 Annual GMS held on March 15, 2023 and the Extraordinary GMS
                                                                                 held on September 19, 2023 were carried out in compliance
                                                                                 with applicable regulations, including those related to voting,
                                                                                 attended by members of the Board of Directors and Board of
                                                                                 Commissioners, publication of the GMS minutes available on
                                                                                 the Company's website
                                          Assisting the Board of Directors
                                                                             •   Assist the Board of Directors in improving the quality of
                                          and Board of Commissioners
                                                                                 company communications with Shareholders or Investors
                                          in implementing Corporate
                                                                             •   Assist the Board of Directors in developing company
                                          Governance, including:
                                                                                 communication policies with shareholders or investors
                                          guarantee the rights of
                                                                             •   Assist the Board of Directors and Board of Commissioners
                                          shareholders, the functions and
                                                                                 in improving the competency of members of the Board
                                          roles of the Board
                                                                                 of Directors and Board of Commissioners through the
                                          Commissioners, functions and
                                                                                 implementation of training
                                          roles of Board of Directors,
                                                                             •   Assist the Board of Directors in preventing insider trading by
                                          stakeholder participation,
                                                                                 preparing Insider Trading Company Guidelines
                                          information disclosure
                                                                             •   Assist the Board of Directors and Board of Commissioners
                                                                                 in implementing the provision of long-term incentives to the
                                                                                 Directors and Employees by coordinating with the Human
                                                                                 Capital Strategy Division and the Human Capital Services
                                                                                 Division
                                                                             •   Improve the implementation of information disclosure, namely
                                                                                 apart from the website, the Company uses other media, namely
                                                                                 Twitter, Facebook, Instagram, LinkedIn and YouTube.
                                          Submission of reports to
                                          Supervisors and Regulators         The Company submits periodic and incidental reports to regulators
                                          accordingly                        through reporting media as regulated by each regulator
                                          With applicable provisions
                                                                             •   Assist the Board of Directors in holding Board of Directors
                                          Organizing and documenting             Meetings, Board of Commissioners Meetings, and Board
                                          Board of Directors Meetings,           of Directors Meetings with the Board of Commissioners
                                          Board of Commissioners                 periodically in accordance with applicable regulations.
                                          Meetings and Board of Directors    •   All minutes of Board of Directors' Meetings, Board of
                                          Meetings together with the             Commissioners' Meetings and Board of Directors' and Board of
                                          Board of Commissioners                 Commissioners' Meetings have been properly documented, in
                                                                                 hardcopy and softcopy form.
                                                                             Carrying out an Orientation Program for the Board of Directors and/
                                                                             or Board of Commissioners with discussions related to:
                                                                             • The Company's vision, mission, organizational structure,
                                                                                 business activities, and operational network
                                                                             • Annual Report, Company Work Plan and Budget (RKAP) and
                                                                                 Bank Business Plan (RBB), Company Code of Ethics, BNI Work
                                                                                 Culture, Board of Commissioners Work Code of Conduct,
                                                                                 Corporate Governance Handbook, and Company Articles of
                                                                                 Association
               Assisting the Board of
                                                                             • Good Corporate Governance (concurrent positions, share
               Directors and Board
                                                                                 ownership and independent commissioner);
        3.     of Commissioners in
                                                                             • Duties, authority and responsibilities of the Board of
               Implementing Corporate
                                                                                 Commissioners and Directors, delegation of authority and limits
               Governance
                                                                                 on the authority of the Board of Commissioners in carrying out
                                                                                 supervisory duties over the company based on applicable laws
                                          Implementation of orientation          and regulations
                                          programs for Directors and/        • Committees under the Board of Directors and Board of
                                          or Board of Commissioners of           Commissioners which are formed and are directly responsible
                                          other companies related to GCG         to the Board of Commissioners, the Secretary of the Board
                                          implementation                         of Commissioners and the Secretariat of the Board of
                                                                                 Commissioners which assist the smooth running of the Board of
                                                                                 Commissioners' duties
                                                                             • Remuneration and facilities provided to members of the Board
                                                                                 of Directors and Board of Commissioners together with the
                                                                                 Compliance Division to prepare a Self-Assessment Report on
                                                                                 the Implementation of GCG in the Company
                                                                             • GCG Commitment/Integrity Pact of the Board of Directors and
                                                                                 Board of Commissioners
                                                                             • GCG socialization
                                                                             • Stock Management
                                                                             • Openness of Share Ownership by the Company's Directors and
                                                                                 Board of Commissioners
                                                                             • Remuneration of Directors and Board of Commissioners
                                                                             • Rewards and GCG Assessment from External Parties related to
                                                                                 the Corporate Secretary Function


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          Practices             Governance                Responsibility              Commitment                  Statements




                                       Corporate Secretary Function Implementation Report
           Functions According
 No                                             Program                                                Realization
                 to FSA
                                                                           Communicate between the Company and regulators, shareholders
                                                                           or investors, and all stakeholders to provide a clear understanding
                                                                           of the situation and/or other information relating to the Company.
                                                                           In this regard, in 2023 the Corporate Secretary has submitted
                                                                           periodic reports, information disclosure, transparency regarding
                                                                           business conditions or prospects and performance, as well as
                                                                           implementation of Corporate Governance as a commitment of the
                                                                           Company, Shareholders or investors as stated in the company's
                                     Carry out a strategy to improve
                                                                           guidelines.
                                     the quality of the Company's
                                                                           Investor No. IN/41/KMP/001 dated January 26, 2015 which includes
                                     communication with all
                                                                           policies on investor relations activities such as analyst meetings,
                                     stakeholders
         Liaison between Issuers                                           preparation of annual reports, investor meetings, public exposes
         and Shareholders                                                  and roadshows. This policy includes strategies, programs, and
         of Issuers or Public                                              timing of communication implementation, as well as guidelines
 4.                                                                        that support the Shareholders or investors to participate in
         Companies, Financial
         Services Authorities, and                                         communications. The existence of a communication policy with
         Other Stakeholders                                                Shareholders or investors shows that BNI as a Public Company is
                                                                           committed to implementing communication with Shareholders or
                                                                           investors
                                                                           In 2023, together with the Investor Relations Division, Company
                                                                           have implemented:
                                                                           • Analyst Meeting
                                     Carry out a strategy to improve
                                                                           • Public Expose
                                     the quality of the Company's
                                                                           • Domestic Non Deal Roadshow/Conference
                                     communication with all
                                                                           • Non Deal Roadshow/Conference Overseas
                                     stakeholders
                                                                           • Investor and Analyst Visit
                                                                           • Teleconferencing
                                                                           • Analyst Gathering




INVESTOR RELATIONS FUNCTION

Investor Relations activities are an integral part of the strategic function in a company and an aspect of corporate public
relations activities. Investor Relations has the responsibility to establish and maintain company relationships with
shareholders and other financial communities in order to maximize the company's market capitalization. The main
functions of the Investor Relations Division include:
1. Managing cooperative relationships with parties related to the Indonesian capital market, including fund managers,
    analysts, stock brokers, investment bankers, rating agencies, as well as parties related to the Association of Indonesian
    Issuers (AEI);
2. Communicating the Company’s performance and strategy to capital market analysts and investors in order to achieve
    BNI share valuation in the long term through analyst meetings, conference calls, roadshows and related events;
3. Representing BNI management in meetings with analysts and investors both one-on-one basis and through public
    presentations in order to communicate opinions, attitudes and reactions to the company’s challenges and/or
    opportunities and to convey strategic strategic follow-ups for BNI management;
4. Managing activities related to Company performance and rating;
5. Monitoring and analyzing the development of the Company’s stock performance, stock exchanges, peer groups;
6. Managing Company performance databases, stocks, investors, contact reports, mailing lists of fund managers, and
    other related parties;
7. Maintaining transparency, accuracy and timeliness of information disclosure to capital market players.

The following is a summary of Investor Relations activities during 2023 carried out as the main functions of Investor
Relations:

 Investor Relations Activities                                                                             2023
 Analyst Meetings                                                                                                                                 4
 Public Exposes                                                                                                                                   5
 Non-Deal Roadshow & Conference Calls                                                                                                            12




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        Investor Relations Activities                                                                2023
        Retail Investor Webinar                                                                                                      3
        Meeting with Investors                                                                                                   368
        Total                                                                                                                    392



      COMMITTEES UNDER THE                                             CREDIT COMMITTEE JOB DESCRIPTION AND DUTIES
      BOARD OF DIRECTORS                                               AND RESPONSIBILITIES
                                                                       Credit Committee Duties are as follows:
      The Board of Directors has established committees to it’s        1. Approving or rejecting credit proposals in accordance
      effectiveness and efficiency, including making strategic            with the authority limit or type of credit determined by
      decisions regarding the Company's operational activities.           the Board of Directors;
      The committees under the Board of Directors are as follows:      2. Being responsible for credit decisions based on matters
      1. Credit Committee;                                                that include the feasibility of the business being
      2. Integrated Risk Management Committee;                            financed, credit security considerations, compliance
      3. Asset & Liability Committee (ALCO);                              with providing lending policies and procedures, and
      4. Risk Management and Anti-Fraud Committee;                        credit limit provisions;
      5. Business Committee;                                           3. Coordinating with related divisions on credit funding
      6. Performance Management Committee;                                aspects;
      7. Technology Management Committee;                              4. Rejecting requests and/or influence from parties with
      8. Credit Policy Committee;                                         an interest in credit applicants that provide loans that
      9. Human Capital (HC) Committee;                                    are merely a formality;
      10. Subsidiary Committee.                                        5. Carrying out their duties, especially in connection
                                                                          with providing credit within their authority, based on
      CREDIT COMMITTEE                                                    professional, honest, objective, accurate and thorough
                                                                          skills.
      CREDIT COMITTEE STRUCTURE AND MEMBERSHIP
      The Credit Committee is a committee tasked with deciding         CREDIT COMMITTEE CHARTER
      on the granting of credit, covering the business functions       In carrying out its duties and responsibilities, the Credit
      and risk functions using a four–eyes Principle based on          Committee is guided by the Credit Company Guidelines
      authority, and avoiding conflicts of interest. The Credit        regarding the Authority to Approve Credit.
      Committee (KK) consists of the Head Office Level Credit
      Committee, Division Level Credit Committee, and Regional         CREDIT COMMITTEE MEETING FREQUENCY
      Level Credit Committee. When providing credit decisions,         AND ATTENDANCE LEVEL
      the credit committee considers the policies and procedures
      for granting credit, debtor condition, credit security and the   As of 31 December 2023, 608 Credit Committees have
      application of good corporate governance.                        been held, attended by directors, consisting of 257 Credit
                                                                       Committees in the Corporate Segment (inc. International
      PROFILE AND CERTIFICATION OF                                     and Institutional Banking), 108 Credit Committees in the
      CREDIT COMMITTEE MEMBERS                                         Enterprise Banking Segment, 203 Credit Committees in
      The profile of each committee member can be found in             the Commercial Segment and 40 Credit Committees in the
      the discussion of the Board of Directors Profile and Senior      Financial Institution Segment.
      Executive President (SEVP) Profile. All credit committee
      members have fulfilled the specified certification.              IMPLEMENTATION OF CREDIT
                                                                       COMMITTEE DUTIES IN 2023
      CREDIT COMMITTEE INDEPENDENCE STATEMENT                          As of December 31 2023, the Credit Committee at the
      The Credit Committee has carried out the duties and              Head Office has held 1,645 credit committees, consisting
      responsibilities independently as stated in the Integrity        of 517 committees in the Corporate (inc. International &
      Pact which is signed periodically.                               Institutional Banking) segment, 299 credit committees in
                                                                       the Enterprise Banking segment, 659 credit committees in
      TRAINING AND/OR COMPETENCY                                       the Commercial segment, Financial Institution segment of
      IMPROVEMENT OF THE CREDIT COMMITTEE                              170 credit committees, and each according to the level of
      Information on training and/or improving the competence          authority.
      of the Credit Committee can be found in the discussion
      on Training and/or Increasing the Competency of Board
      of Directors, Chapter on Corporate Governance and
      Competency Development Based on Position Level and
      Gender Equality in 2023, Chapter on Company Profile,
      this Annual Report.


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INTEGRATED RISK MANAGEMENT COMMITTEE

BNI has established an Integrated Risk Management Committee (KMRT) based on SK No. KP/193/DIR/R dated May,
2015, and the Integrated Risk Management Committee membership composition was restructured, based on SK No.
KP/217/DIR/R dated June 17, 2022. The composition of the committee membership has also been adjusted based on the
applicable Board of Directors Nomenclature.

INTEGRATED RISK MANAGEMENT COMMITTEE STRUCTURE AND MEMBERSHIP
In the Company’s structure, the Integrated Risk Management Committee is positioned under the Board of Directors. The
Integrated Risk Management Committee is chaired by the Vice President Director.



The Integrated Risk Management Committee membership composition is as follows:
 No.                            Integrated Risk Management Committee (KMRT) Membership Composition
 1       Chairman                        Vice President Director
 2       Vice Chairman                   Risk Management Director
                                         Head of the Bank’s Risk Management Division – BNI (concurrently as a permanent non-voting
 3       Secretary
                                         member)
                                         1.   Finance Director
         Permanent Members at the
                                         2.   Corporate & International Banking Director
         Directors and SEVP level
         (Voting Member                  3.   Network & Services Director
                                         4.   Consumer Banking Director
         Permanent Members at
                                         1. Human Capital & Compliance Director
         the Board of Directors level
                                         2. Director who supervises Risk Management - Subsidiaries
         (Non-voting member)
                                         1.   Head of Subsidiaries Management Division
 4                                       2.   Head of Compliance Division
                                         3.   Head of Legal Division
         Permanent Members at the
                                         4.   Head of Internal Audit Unit
         Division/Unit Level (Non-
         voting Member)                  5.   Head of the Anti Fraud Unit
                                         6.   Head of Corporate Planning & Performance Management Division
                                         7.   Head of Division/equivalent who supervises the Risk Management function – Subsidiaries


                                         Directors and Heads of Division/Unit/Functional Unit related to meeting materials from BNI and
         Non-Permanent Members
                                         Subsidiaries


INTEGRATED RISK MANAGEMENT COMMITTEE                                            INTEGRATED RISK MANAGEMENT COMMITTEE
MEMBERS PROFILES AND CERTIFICATION                                              DUTIES AND RESPONSIBILITIES
The profile of each committee member can be found in                            The Integrated Risk Management Committee duties and
the discussion of the Board of Directors Profile and Senior                     responsibilities include providing recommendations to the
Executive President (SEVP) Profile. All members of the                          Board of Directors of the Main Entity including:
Integrated Risk Management Committee have fulfilled the                         1. Establishing, improving, or refining the Integrated Risk
specified certification.                                                           Management policies based on the evaluation results;
                                                                                2. Establishing methodologies and procedures used to
INTEGRATED RISK MANAGEMENT COMMITTEE                                               identify, measure, monitor and control risks arising
STATEMENT OF INDEPENDENCE                                                          from all BNI Financial Conglomerate activities;
The Integrated Risk Management Committee has carried                            3. Providing recommendations on the methodology and
out the duties and responsibilities independently as stated                        determination of the integrated risk profile methodology
in the Integrity Pact which is signed periodically.                                and assessment for the BNI Financial Conglomerate.

INTEGRATED RISK MANAGEMENT COMMITTEE                                            INTEGRATED RISK MANAGEMENT
TRAINING AND/OR COMPETENCY DEVELOPMENT                                          COMMITTEE CHARTER
Information on training and/or improving the competence                         In carrying out its duties and responsibilities, the Integrated
of the Integrated Risk Management Committee can be                              Risk Management Committee is guided by the Integrated
found in the discussion on Training and/or Increasing the                       Risk Management Committee Charter, which is continuously
Competency of Directors, Chapter on Corporate Governance                        refined and updated in accordance with developments/
and Competency Development Based on Position Level                              changes in applicable legal regulations. This Integrated
and Gender Equality in 2023, Chapter on Company Profile,                        Risk Management Committee Charter has been signed by
this Annual Report.                                                             the Board of Directors and stipulated in Decree No. KP/217/
                                                                                DIR/R dated 17 June 2022.


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          2023                         Management                     Company                  Management Discussion and       Business Support
      Performance                        Report                        Profile               Analysis on Company Performance      Functions




      INTEGRATED RISK MANAGEMENT COMMITTEE IMPLEMENTATION OF DUTIES IN 2023
      Until 31 December 2023, the Integrated Risk Management Committee has held 2 (two) meetings with the following agenda:

        No.             Implementation date                                                          Agenda
                                                          •   Integrated Risk Profile Assessment as of December 31, 2022
            1       February 7, 2023
                                                          •   Integrated KPMM calculation for December 31, 2022
                                                          •   Integrated Risk Profile Assessment as of June 30, 2023
            2       August 2, 2023                        •   Integrated KPMM calculation for June 30 2023
                                                          •   Review of Risk Appetite and Integrated Risk Limits 2023


      ASSET & LIABILITY COMMITTEE (ALCO)

      The Asset & Liability Committee (ALCO) is a permanent committee at BNI which has the following authorities and functions:
      1. Establishing policies and management of PT Bank Negara Indonesia (Persero) Tbk assets and liabilities, including
         managing capital adequacy to cover risks and support the bank’s business strategy
      2. Determining the policies and management of assets and liabilities including:
         a. Liquidity Management;
         b. Interest Rate Management;
         c. Foreign Exchange Management;
         d. Earning & Investment Management.

      The Asset & Liability Committee (ALCO) reorganized based on Decree No. KP/437/DIR/R dated 22 September 2021 concerning
      the Arrangement of the Asset & Liability Committee (ALCO) which has been updated via CDV memo No. CDV/2/1488/R
      dated December 15, 2023 concerning Submission of Asset & Liability Committee (ALCO) Membership Update.

      ASSET & LIABILITY COMMITTEE (ALCO) STRUCTURE AND MEMBERSHIP

        No.                                         Asset & Liability Committee (ALCO) Membership Composition
        1           Chairman                         President Director
        2           Vice Chairman                    Vice President Director
        3           Secretary                        Head of Treasury Division (concurrently as permanent Member)
                                                     1.   Wholesale & International Banking Director
                                                     2.   Institutional Banking Director
                                                     3.   Enterprise & Commercial Banking Director
                    Permanent Members at the         4.   Retail Banking Director
                    Directors and SEVP level         5.   Digital & Integrated Transaction Banking Director
                    (Voting Member)                  6.   Network & Services Director
        4
                                                     7.   Risk Management Director
                                                     8.   Finance Director
                                                     9.   SEVP Treasury
                    Permanent members at
                    the Board of Directors level     Human Capital & Compliance Director
                    (Non-voting members)




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 No.                                     Asset & Liability Committee (ALCO) Membership Composition
                                           1.   Technology & Operations Director
                                           2.   SEVP Corporate Development & Transformation
                                           3.   SEVP Corporate Banking
           Non-permanent members           4.   SEVP Wealth Management
           at the Board of Directors
                                           5.   SEVP Credit Risk
           & SEVP level (Non-voting
           member)                         6.   SEVP Remedial & Recovery
                                           7.   SEVP Information Technology
                                           8.   SEVP Operations
                                           9.   SEVP Retail Digital Solutions
                                           1. Head of the International Banking & Financial Institutions Division
                                           2. Head of Corporate Banking Division 1
                                           3. Head of Corporate Banking Division 2
                                           4. Head of Corporate Banking Division 3
                                           5. Head of Corporate Banking Division 4
                                           6. Head of Syndication & Structured Finance Division
                                           7. Head of Institutional Banking Division 1
                                           8. Head of Institutional Banking Division 2
                                           9. Enterprise Banking Division Leader
                                           10. Head of Commercial Banking Division 1
                                           11. Head of Commercial Banking Division 2
                                           12. Head of Retail Productive Banking Division
                                           13. Business Program Division Leader
                                           14. Head of Wholesale Transaction Product & Partnership Division
                                           15. Head of Wholesale Digital Channel Division
                                           16. Head of Retail Digital Product & Partnership Division
                                           17. Head of Retail Digital Channel Division
           Permanent members at            18. Head of Consumer Products Division
           Division/Unit/ Functional
                                           19. Head of Consumer Segment Division
           Unit level (Non-voting
           members)                        20. Head of the Wealth Management Division
                                           21. Head of Corporate & Enterprise Credit Risk Division
                                           22. Head of the Commercial Credit Risk Division
                                           23. Head of Retail Credit Risk Division
                                           24. Head of Retail Collection & Recovery Division
                                           25. Head of the Corporate Remedial & Recovery Division
                                           26. Head of the Enterprise & Commercial Remedial & Recovery Division
                                           27. Head of Distribution Network & Sales Division
                                           28. Head of Subsidiaries Management Division
                                           29. Head of the Office of Chief Economist Division
                                           30. Head of the Corporate Planning & Performance Management Division
                                           31. Head of Accounting Division
                                           32. Head of the Policy Governance Division
                                           33. Head of Enterprise Risk Management Division
                                           34. Head of Compliance Division
                                           35. Head of Internal Audit Unit
                                           36. Head of Card Business Division
                                           37. Head of Agen46 Leader
           Non-voting members              Division/Unit Heads and Directors of Subsidiary Companies related to the topic of discussion


PROFILE AND CERTIFICATION OF ASSET AND LIABILITY COMMITTEE (ALCO) MEMBERS
The profile of each committee member can be found in the discussion of the Board of Directors Profile and Senior
Executive President (SEVP) Profile. All ALCO Committee members have fulfilled the specified certification.

TRAINING AND/OR COMPETENCY IMPROVEMENT OF THE ASSET AND LIABILITY COMMITTEE (ALCO)
Information on training and/or improving the competence of the Asset and Liability Committee (ALCO) can be seen in the
discussion onTraining and/or improving the Competency of Directors, Chapter on Corporate Governance and Competency
Development Based on Position Level and Gender Equality in 2023, Chapter on Company Profile, this Annual Report.

ASSET AND LIABILITY COMMITTEE (ALCO) COMMITTEE CHARTER
In carrying out its duties and responsibilities, the Asset and Liability Committee (ALCO) is guided by the Integrated Risk
Management Committee Charter which is continuously refined and updated in accordance with developments/changes
in applicable legal regulations. This Asset and Liability Management Committee (ALCO) Charter has been signed by the
Board of Directors and stipulated in Decree No. KP/437/DIR/R dated 22 September 2021.



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          2023                      Management                     Company                    Management Discussion and              Business Support
      Performance                     Report                        Profile                 Analysis on Company Performance             Functions




      IMPLEMENTATION OF ASSET AND LIABILITY COMMITTEE (ALCO) DUTIES IN 2023
      Until the end of 2023, ALCO held 8 (eight) meetings with the following agenda:

        No.      Date of Meeting                                                            Proposed Meeting Agenda
             1   January 25, 2023                           Third Party Fund Growth Strategy, Managed Rate Credit Repricing, and Other Strategies
             2   March 13, 2023                             Strategy for Fulfilling Q1 and Eid Al-Fitr Liquidity
             3   June 05, 2023                              Credit Expansion Acceleration Program and Special Rate DPK Limit Review
                                                            Discussion on DPK Expansion & CASA Increase, Review of Credit Expansion Acceleration
             4   July 17, 2023
                                                            Program, and Provision of Fixed Rates for Productive Credit
                                                            Review of Special Rate DPK Limit, Review of Money Market Line (MML dhi. KJP), and
             5   September 04, 2023
                                                            Review of Productive Credit in USD Currency
                                                            Review of Foreign Currency Credit Expansion, Review of Credit Interest Rate Adjustments,
             6   October 13, 2023
                                                            and CASA Funding Program
                                                            Prognosis of DPK and Credit Achievement until the end of 2023, Review of Credit Interest
             7   October 23, 2023
                                                            Rate Adjustments, and Review of the CASA Funding Program
                                                            Discussion on DPK and Credit until the end of 2023, Review of Credit Interest Rate
             8   November 20, 2023
                                                            Adjustments, and Review of the CASA Funding Program


      RISK MANAGEMENT AND ANTI-FRAUD COMMITTEE (KRA)

      The Risk Management and Anti-Fraud Committee (KRA) is one of the permanent committee at BNI with the authority to provide
      recommendations to the Board of Directors on the formulation, determination of policies and risk management including:
      Credit Risk, Market Risk, Liquidity Risk, Operational Risk, Legal Risk, Reputational Risk, Strategic Risk, and Compliance Risk;
      determination of policies and management of anti-fraud strategies in all organizational units, as well as determination of
      Environmental, Social, and Governance (ESG) policies and management, and carry out credit risk portfolio assessments.

      Based on Board of Directors' Decree No. KP/745/DIR/R dated October 26, 2023 concerning the Arrangement of the Risk
      Management and Anti-Fraud (KRA) Committee, the Risk Management and Anti-Fraud Committee (KRA) was reorganized by
      forming a Credit Risk Portfolio (CRO) Sub-Committee, adjusting the composition of the Sub's membership Risk Management
      Committee (RMC), Anti-Fraud Sub-Committee (KAF), and Environmental, Social & Governance (ESG) Sub-Committee, as well
      as adjusting the working procedures of the Risk Management & Anti-Fraud Committee.

      The Risk Management & Anti-Fraud Committee has 4 (four) sub-committees, namely:
      1. Risk Management Sub Committee (RMC);
      2. Anti Fraud Sub Committee (KAF);
      3. Environmental, Social, and Governance (ESG) Sub Committee.
      4. Credit Risk Portfolio (CRO) Sub Committee.

      RISK MANAGEMENT & ANTI FRAUD COMMITTEE-RISK MANAGEMENT SUB COMMITTEE (KRA – RMC)
      Risk Management & Anti fraud Committee-Risk Management sub Committee (RMC) structure and Membership

        No.            Risk Management & Anti-fraud Committee (KRA) - Risk Management sub Committee Membership structure
        1           Chairman                       Vice President Director
        2           Vice Chairman                  Risk Management Director
        3           Secretary                      Head of the Enterprise Risk Management Division (concurrently as a permanent member)
                                                   1.   Finance Director
                                                   2.   Wholesale & International Banking Director
                                                   3.   Enterprise & Commercial Banking Director
                    Permanent members at the       4.   Network & Services Director
                    Board of Directors and SEVP    5.   Retail Banking Director
                    level (Voting members)         6.   Technology & Operations Director
        4.
                                                   7.   Digital & Integrated Transaction Banking Director
                                                   8.   SEVP Treasury
                                                   9.   SEVP Operations
                    Permanent members at
                    the Board of Directors level   Human Capital and Compliance Director *
                    (Non-Voting members)




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Capital & Risk Management            Good Corporate                Social & Environmental                   ESG                             Financial
          Practices                   Governance                       Responsibility                    Commitment                        Statements




 No.              Risk Management & Anti-fraud Committee (KRA) - Risk Management sub Committee Membership structure
                                                     1. Head of Operational Risk Management Division
                                                     2. Head of Treasury Division
                                                     3. Head of Corporate & Enterprise Credit Risk Division
                                                     4. Head of Commercial Credit Risk Division
                                                     5. Head of Retail Credit Risk Division
                                                     6. Head of Corporate Development & Transformation Division
                                                     7. Head of Compliance Division
                                                     8. Head of Corporate Planning & Head of Accounting Division
                                                     9. Head of the Office of Chief Economist Division
              Permanent members at the               10. Head of Subsidiary Management Division
              Division/Unit/ Functional              11. Head of Internal Audit Unit
 5
              Units level (Non- voting               12. Head of Legal Division
              member)                                13. Head of Corporate Secretary Division
                                                     14. Head of Policy & Governance Division
                                                     15. Head of Credit Operations Division
                                                     16. Head of Distribution Network & Sales Division
                                                     17. Head of Wholesale Transaction Product & Partnership Division
                                                     18. Head of Anti Fraud Unit
                                                     19. SORX - Wholesale Banking
                                                     20. SORX - Network & Services
                                                     21. SORX - Consumer Banking & Corporate Functions
                                                     22. SORX - Technology, Digital & Operations
              Non-voting member at the
              Division/Unit level (Non-              Directors/SEVP/Division Heads/ Unit/Functional Units related to the topic of discussion
              voting members
 Note:
 *) Specifically, the Human Capital & Compliance Director has specific duties and responsibilities that are regulated in the committee’s work guidelines.



Risk Management & Anti-fraud Committee – Risk Management sub Committee (kRA- RMC) Duties and
Responsibilities
The KRA-RMC Sub Committee duties and responsibilities are to evaluate and provide recommendations related to Risk
Management, including:
1. Formulating Risk Management Policies and Strategies and their amendments;
2. Developing Risk Management framework and contingency plans to anticipate abnormal conditions;
3. Improving the Risk Management process periodically or incidentally as aresult of a change in the Bank’s external
   and internal conditions that affect Capital adequacy, the Bank’s Risk Profile, and ineffective implementation of Risk
   Management based on evaluation results;
4. Establishing policies and/or business decisions that deviate from normal procedures, such as a significant excesses
   of business expansion compared to the Bank’s predetermined Business Plan, or taking a position/risk exposure that
   exceeds the predetermined limits;
5. Establishing capital adequacy management policies to protect risks and support the Bank's business strategy, including
   measurement, structure (tier 1/tier 2), capital allocation and contingency plans.

Implementation of Risk Management Committee & Anti fraud Risk Management sub Committee (kRA-
RMC) Duties in 2023
During 2023, KRA-RMC held 7 (seven) meetings with the following agenda:
 No.                        Date                                                                               Agenda
                                                       Results of Self Assessment of Bank Soundness Level (TKB) and Individual BNI Risk Profile as of
 1         January 17, 2023
                                                       December 31, 2022
 2         March 29, 2023                              Risk Management Overview (RMO) position February 2023
 3         April 17, 2023                              Individual BNI Risk Profile Self Assessment Results for March 31, 2023
 4         June 7, 2023                                Risk Management Overview (RMO) position April 2023
                                                       Results of Self Assessment of Bank Health Level (TKB) and Individual BNI Risk Profile Position
 5         July 14, 2023
                                                       June 30, 2023
 6         September 1, 2023                           Risk Management Overview (RMO) position July 2023
 7         October 13, 2023                            Individual BNI Risk Profile Self Assessment Results for September 30, 2023




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      RISK MANAGEMENT & ANTI FRAUD COMMITTEE - ANTI FRAUD SUB COMMITTEE (KRA - KAF)
      As a form of the Company's commitment to increasing the effectiveness of implementing Anti-Fraud Strategy, BNI
      established an Anti-Fraud Committee to foster Anti-Fraud culture and awareness at all organizational levels. This
      commitment is in accordance with POJK No. 39/POJK.03/2019 dated December 19, 2019 on the Implementation of Anti-
      Fraud Strategies for Commercial Banks.

      STRUCTURE AND COMPOSITION OF RISK MANAGEMENT & ANTI-
      FRAUD COMMITTEE - ANTI-FRAUD SUBCOMMITTEE
      Based on Board of Directors' Decision No. KP/745/DIR/R dated October 26, 2023 on Arrangement of Risk Management
      and Anti-Fraud Committee (KRA), the structure and composition of the Risk Management & Anti-Fraud Committee - Anti-
      Fraud Sub-Committee are as follows:
        No.                     Risk Management & Anti Fraud Committee (KRA) - Fraud Sub Committee Membership Structure
        1           Chairman                                       Vice President Director
        2           Deputy Chairman                                Risk Management Director
        3           Secretary                                      Anti Fraud Unit Leader (concurrently permanent a non-voting member)
                                                                   1.   Network & Services Director
                    Permanent members at the Board                 2.   Retail Banking Director
                    of Directors and SEVP level (Voting            3.   Technology & Operations Director
                    members)                                       4.   SEVP Retail Digital Solutions
                                                                   5.   SEVP Operations
                    Permanent members at the Board
                    of Directors level (Non-voting                 Human Capital & Compliance Director*
                    members)
                                                                   1. Head of Enterprise Risk Management Division
        4                                                          2. Head of Operational Risk Management Division
                                                                   3. Head of Compliance Division
                                                                   4. Head of Policy Governance Division
                    Permanent members at Division/                 5. Head of Internal Audit Division
                    Unit level (Non- voting members)               6. Head of Human Capital Strategy Division
                                                                   7. Head of Human Capital Services Division
                                                                   8. Head of Legal Division
                                                                   9. Head of Distribution Network & Sales Division
                                                                   10. Head of CISO Division
                    Non-permanent members (Non-
                                                                   Director/SEVP/Division/Unit/Functional Unit Leader related to the topic of discussion
                    voting members)
        Note:
        *) Specifically, the Human Capital & Compliance Director has specific duties and responsibilities regulated in the committee’s work guidelines.




      Risk Management & Anti-fraud Committee, Anti-fraud sub Committee Duties and Responsibilities
      The Anti-Fraud Committee duties and responsibilities include:
      1. Identifying, evaluating and determining follow-up actions for fraud incidents originating from activities in all BNI work units;
      2. Developing a culture and concern for Anti-Fraud at all levels of the organization;
      3. Establishing Anti-Fraud policies and strategies;
      4. Monitoring the implementation of Anti-Fraud policies and strategies at BNI and periodically reviewing the impact of
         policies and strategies implemented

      Implementation of the Duties of the Risk Management & Anti-Fraud Committee in 2023
      As of December 31, 2023, KRA-KAF has held 2 (two) meetings with the following agenda:
        No.                                     Date                                                                            Agenda
                                                                                   •    Internal Fraud Profiling until June 2023.
                                                                                   •    Highlights of Internal & External Fraud Cases.
        1             July 4, 2023                                                 •    Acceleration of Improvement Initiatives.
                                                                                   •    Update Fraud Detection System.
                                                                                   •    KUR Monitoring Update.
                                                                                   •    Trends in Fraud Occurred
        2             29 Desember 2023*
                                                                                   •    Implementation of the 4 Pillars of Anti-Fraud Strategy



      STRUCTURE AND MEMBERSHIP OF THE RISK MANAGEMENT & ANTI-FRAUD COMMITTEE,
      ENVIRONMENTAL, SOCIAL, & GOVERNANCE (ESG) SUB-COMMITTEE
      The structure and membership of the Risk Management & Anti-Fraud Committee, Environmental, Social, & Governance
      (ESG) Sub-Committee are as follows:



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Capital & Risk Management            Good Corporate                Social & Environmental                   ESG                             Financial
          Practices                   Governance                       Responsibility                    Commitment                        Statements




                Risk Management & Anti Fraud Committee (KRA) -Environmental, Social, & Governance (ESG) Sub-Committee
 No.
                                                     Structure and Membership
 1           Chairman                                                Vice President Director
 2           Deputy Chairman                                         Risk Management Director
 3           Secretary                                               Head of Enterprise Risk Management Division (concurrently a non-voting member
                                                                     1.   Finance Director
                                                                     2.   Wholesale & International Banking Director
                                                                     3.   Institutional Banking Director
             Permanent members at the Board
                                                                     4.   Enterprise & Commercial Banking Director
 4           of Directors and SEVP level (Voting
                                                                     5.   SEVP Treasury
             members)                                                6.   Retail Banking Director
                                                                     7.   Network & Services Director
                                                                     8.   Technology & Operations Director
             Permanent members at the level of the
                                                                     Human Capital & Compliance Director*
             Board of Directors (Non-voting members)
                                                                     1. Head of Corporate Secretary Division
                                                                     2. Head of Policy Governance Division
                                                                     3. Head of Investor Relations Division
                                                                     4. Head of Corporate Planning & Performance Management
                                                                     5. Head of International Banking & Financial Institution Division
                                                                     6. Head of Subsidiaries Management Division
                                                                     7. Head of Procurement & Fixed Assets Division
                                                                     8. Head of Treasury Division
                                                                     9. Head of Compliance Division
                                                                     10. Head of BNI University Division
                                                                     11. Head of Human Capital Strategy
                                                                     12. Head of Human Capital Services
                                                                     13. Head of Corporate Banking 1 Division
             Permanent members at Division/Unit/
                                                                     14. Head of Corporate Banking 2 Division
             Functional Unit level (Non-voting
                                                                     15. Head of Corporate Banking 3 Division
             members)                                                16. Head of Corporate Banking 4 Division
                                                                     17. Head of Syndication & Structured Finance Division
                                                                     18. Head of Enterprise Banking Division
                                                                     19. Head of Commercial Banking 1 Division
                                                                     20. Head of Commercial Banking 2 Division
                                                                     21. Head of Operational Risk Management Division
                                                                     22. Head of Corporate & Enterprise Credit Risk Division
                                                                     23. Head of Commercial Credit Risk Division
                                                                     24. Head of Consumer Product Division
                                                                     25. Head of Retail Productive Banking Division
                                                                     26. Head of Business Program Division
                                                                     27. Head of Card Business Division
                                                                     28. Head of Agen46 Division
             Non-permanent members (Non-voting                       Directors/SEVP/Division Heads/ Unit/Functional Units related to the topic of
             members)                                                discussion
 Note:
 *) Specifically, the Human Capital & Compliance Director has specific duties and responsibilities regulated in the committee’s work guidelines.



Risk Management & Anti-fraud Committee Environmental, social, & governance (ESG) sub Committee
Duties and Responsibilities
The ESG Sub Committee’s duties and responsibilities include:
1. Developing Environmental, Social, & Governance (ESG) management policies and strategies and their changes;
2. Identifying potential ESG risks that have an impact on both BNI and BNI stakeholders;
3. Monitoring the implementation of the Sustainability Finance strategy;
4. Monitoring, evaluating and providing recommendations on the results of the BNI ESG Assessment;
5. Evaluating the implementation of the ESG strategy in all BNI business lines.

Implementation of the Duties of the Risk Management & Anti-Fraud Committee in 2023
Until December 31, 2023, KRA-ESG has held 4 (four) meetings with the following agenda:

 No.                        Date                                                                              Agenda
 1         February 28, 2023                           Distribution of Green Bond Allocations
 2         March 29, 2023                              Proposed ESG Framework and NZE Roadmap
 3         June 7, 2023                                Discussion of BNI's ESG Framework & Roadmap and Green Bond Distribution
 4         November 28, 2023                           Proposal of BNI Net Zero Emission




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      RISK MANAGEMENT & ANTI FRAUD COMMITTEE – CREDIT RISK PORTFOLIO (CRO) SUB COMMITTEE

      STRUCTURE AND MEMBERSHIP OF THE RISK MANAGEMENT & ANTI-FRAUD
      COMMITTEE, CREDIT RISK PORTFOLIO (CRO) SUB-COMMITTEE
      Based on Board of Directors' Decree No. KP/745/DIR/R dated October 26, 2023 concerning the Arrangement of the Risk
      Management and Anti-Fraud Committee (KRA), the Structure and Membership of the Risk Management & Anti-Fraud
      Committee, the Credit Risk Portfolio (CRO) Sub-Committee, are as follows:

                       Membership Composition of the Risk Management & Anti-Fraud Committee (KRA) - Credit Risk Portfolio Sub-
        No.
                                                                Committee (CRO)
        1           Chairman                                                 Risk Management Director
        2           Vice Chairman                                            Finance Director
                                                                             Head of Corporate & Enterprise Credit Risk Division (concurrently
        3           Secretary
                                                                             permanent non-voting member)
                    Permanent members at the level of Directors and SEVP     •   SEVP Credit Risk
                    (Voting member)                                          •   SEVP Remedial & Recovery
                                                                             •   Head of Corporate Planning & Performance Management Division
                                                                             •   Head of Accounting Division
                                                                             •   Head of Enterprise Risk Management Division
                                                                             •   Head of Commercial Credit Risk Division
                    Permanent members at Division/Unit/Functional Unit       •   Head of Retail Credit Risk Division
        4
                    level (Non-voting members)                               •   Head of Corporate Remedial & Recovery Division
                                                                             •   Head of the Enterprise & Commercial Remedial & Recovery Division
                                                                             •   Head of Retail Collection & Recovery Division
                                                                             •   Head of Treasury Division
                                                                             •   Head of according to the meeting material Division
                                                                             Director/SEVP/Division/Unit/Functional Unit Leader related to the topic
                    Non-permanent members (Non-voting members)
                                                                             of discussion.


      DESCRIPTION OF DUTIES AND                                                  Training and/or Competency Improvement of the
      RESPONSIBILITIES OF THE RISK MANAGEMENT                                    Risk Management & Anti-Fraud Committee (KRA)
      & ANTI-FRAUD COMMITTEE, CREDIT RISK                                        Information on training and/or improving the competence
      PORTFOLIO (CRO) SUB-COMMITTEE                                              of the Risk Management & Fraud Queue (KRA) Committee
      The duties and responsibilities of the CRO Sub Committee are:              can be found in the discussion onTraining and/or Increasing
      1. Discuss credit risk assessment as a basis for determining               the Competency of the Board of Directors, Chapter on
         the adequacy of reserves.                                               Corporate Governance and Competency Development
      2. Discuss developments in the condition & quality of the                  Based on Position Level and Gender Equality in 2023,
         credit portfolio.                                                       Chapter on Company Profile of this Annual Report.
      3. Determine strategies, mitigation & follow-up on credit
         risk management that can affect the bank's health level.                Risk Management & Anti-Fraud Committee
                                                                                 Charter
      Profile and Certification of Risk Management &                             In carrying out its duties and responsibilities, the Risk
      Anti Fraud (KRA) Committee Members                                         Management & Anti-Fraud Committee is guided by the
      The profile of each committee member can be found in                       Risk Management & Anti-Fraud - Risk Management Sub-
      the discussion of the Board of Directors Profile and Senior                Committee (KRA-RMC) which is continuously refined
      Executive President (SEVP) Profile. All credit committee                   and updated in accordance with developments/changes
      members have fulfilled the specified certification.                        in applicable legal regulations. The Risk Management &
                                                                                 Anti-Fraud Committee Charter - Risk Management Sub-
      Statement of Independence of the Risk                                      Committee (KRA-RMC) is signed by the Board of Directors
      Management & Anti-Fraud Committee (KRA)                                    and stipulated in Board of Directors' Decree No. KP/745/
      The Risk & Anti-Fraud Management Committee (KRA) has                       DIR/R dated October 26, 2023
      carried out its duties and responsibilities independently
      as stated in the Integrity Pact which is signed periodically.

      Implementation of the Duties of the Risk Management & Anti-Fraud Committee, Credit Risk Portfolio Sub-Committee in 2023
      As of 31 December 2023, KRA-CRO has held three (3) meetings with the following agenda:
        No.                     Date                                                            Agenda
        1           October 31, 2023                Assessment of Debtor's Expected Credit Loss (ECL) for the October 2023 Period
                                                    1. Assessment of the Debtor's Expected Credit Loss (ECL) for the November 2023 period
        2           November 24, 2023               2. ECL Remodeling for Corporate, Commercial, Small/Retail, Consumer Segments (Remodeling
                                                       PSAK71)
        3           December 27, 2023               Assessment of the Debtor's Expected Credit Loss (ECL) for the December 2023 period
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          Practices                   Governance                      Responsibility                    Commitment                       Statements




BUSINESS COMMITTEE

The Business Committee (KBI) is a permanent committees                                      The membership composition of the Product Sub-
at BNI with the authority to provide recommendations to the                                Committee (PRC) and Bundling Strategy Sub-Committee
Board of Directors regarding the establishment of products/                                (BDS) has been adjusted based on the applicable Board
activities & business strategy management policies and                                     of Directors Sector Nomenclature.
includes 2 (two) sub-committees, the Product Sub-Committee
(PRC) and the Bundling Strategy Sub-Committee (BDS). Based                                 PRODUCT SUB COMMITTEE
on the Board of Directors Decrees No. KP/439/ DIR/R dated                                  Product Sub-Committee (PRC) is a forum for managing
October 27, 2022 and KP/440/DIR/R dated October 27, 2022,                                  policies and monitoring products/activities at BNI to
the Business Committee Arrangement (KBI) was carried out                                   ensure its success in creating maximum profits. Based
by migrating the Business Sub Committee (KBI) from the                                     on CDV Memo No. REN/2/1868 dated 03 November 2022 on
Credit & Business Policy Committee (KRB), into the Product                                 Submission of Board of Directors' Decision Regarding the
Committee (PRC), as well as organized the Product Committee                                Arrangement of Business Committee (KBI), the composition
(PRC) into a Business Committee (KBI), which consists of 2                                 of Business Committee (KBI) Product Sub-Committee (PRC)
(two) Sub Committees, the Product Sub Committee and the                                    is as follows:
Bundling Strategy Sub Committee (BDS).

BUSINESS COMMITTEE – PRODUCT SUB COMMITTEE (KBI-PRC)
The structure and membership of the Business Committee – Product Sub Committee (KBI-PRC) are as follows:

 No.                                    Business Committee – Product Sub Committee (KBI-PRC) Membership Composition
 1         Chairman                                                              President Director
 2         Deputy Chairman                                                       Finance Director
                                                                                 Head of Corporate Planning & Performance Management (concurrently as
 3         Secretary
                                                                                 Permanent Member)
           Permanent Members at the Directors and SEVP level
                                                                                 Human Capital & Compliance Director*
           (Voting member)
                                                                                 1.   Head of Policy Governance Division
                                                                                 2.   Head of Distribution Network & Sales Division
                                                                                 3.   Head of Enterprise Risk Management Division
           Permanent Member at Division/Unit/ Functional                         4.   Head of Anti-Fraud Unit
 4
           Units level (Non- voting member)                                      5.   Head of IT Strategy & Architecture Division
                                                                                 6.   Head of Banking Operations Division
                                                                                 7.   Head of Compliance Division
                                                                                 8.   Head of Legal Division
                                                                                 Sector Director/SEVP/Division/Unit/Functional Unit Leader related to the
           Non-Permanent Members
                                                                                 topic of discussion
 Note:
 *)Specifically, the Human Capital & Compliance Director has special duties and responsibilities as regulated in the committee's work guidelines



Product Sub Committee Duties And Responsibilities
The Product Sub Committee duties and responsibilities include:
1. Establishing an overall strategy and business development through BNI products/activities;
2. Conducting comprehensive testing and deciding on the “feasibility” of new products/activities, especially related to
   cross-sectoral/segmental alliances and strategic alliances with subsidiaries/other companies outside BNI by inviting
   the relevant Sector Directors;
3. Monitoring products/activities implemented at BNI and making decisions on the sustainability of products/activities
   based on the Supporting Staff Group/product owner recommendation;
4. As an arbitration institution in cross-sectoral issues related to the Performance Management System (PMS) for
   implementing new products/activities.

Product Sub Committee Meetings Implementation Of Duties And Frequency In 2023
During 2023, the Product Sub Committee held 4 (four) meetings with the following agenda:

 No.                        Date                                                                             Agenda
 1         March 30, 2023                              Product Progress and Proposed New Product Implementation Plan (RPPB) on March 2023
 2         June 20, 2023                               Product Progress and Proposed New Product Implementation Plan (RPPB) on June 2023
 3         September 27, 2023                          Product Progress and Proposed New Product Implementation Plan (RPPB) on September 2023
 4         November 10, 2023                           Product Progress and Proposed New Product Implementation Plan (RPPB) for the 2024 period


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      BUNDLING STRATEGY (BDS) SUB COMMITTEE COMPOSITION AND MEMBERSHIP
      The structure and membership of the Business Committee – Bundling Strategy Subcommittee (KBI – BDS) is as follows:

        No.                                                Bundling Strategy Sub Committee Composition and Membership
        1            Chairman                                        Director of Wholesale & International Banking/Director of Institutional Banking**
        2            Secretary                                       Head of Syndication & Structured Finance Division
                     Permanent Members at the level of               1. Finance Director
                     Directors and SEVP (Voting
                                                                     2. SEVP Treasury
        3            members)
                     Permanent Member at Board of
                                                                     Human Capital & Compliance Director*
                     Directors level (Non-voting member)
                                                                     1.   Head of Corporate Banking Division 1/2/3/4**
                     Permanent Member at Division/Unit               2.   Head of Institutional Banking Division 1/2**
                     level (Non-voting member)                       3.   Head of Treasury Division
                                                                     4.   Head of Corporate & Enterprise Credit Risk Division
                                                                     Director/SEVP/Leader of Division/Unit/Functional Unit/Regional Office/Branch/Central/
                     Non-Permanent Member*
                                                                     Subsidiary related to the topic of discussion
        Note:
        *)
          Specifically the Director of Human Capital & Compliance has special duties and responsibilities regulated in the Committee's Work Guidelines
        **)
            According to the topic of discussion




      Bundling Strategy Sub Committee Members Profile And Certification
      The profiles and certifications of each committee member can be found in the discussion on Board of Directors Profiles
      and Senior Executive President Profiles.

      Sub Bundling Strategy Duties And Responsibilities
      The Bundling Strategy sub Committee duties and responsibilities are as follows:
      1. Establishing a pricing optimization strategy for selected customers/debtors;
      2. Deciding on product package deals for selected customer/debtor businesses according to the applicable authorities;
      3. Discussing and resolving strategic business issues including alliances between work units and alliances with Regions/
         Centra/Branch and Subsidiaries.

      Implementation of Duties and Frequency of Meetings of the 2023 Bundling Strategy Sub-Committee
      Throughout 2023, the Bundling Strategy Sub-Committee has held 2 (two) meetings with the following agenda:

        No.                         Date                                                                            Agenda
        1           July 12, 2023                             Proposal of Tancorp Group Package Deal
        2           October 11, 2023                          Proposal of MMSGI Package Deal


      BUSINESS COMMITTEE STATEMENT OF INDEPENDENCE
      The Business Committee has carried out its duties and responsibilities independently as stated in the Integrity Pact which
      is signed periodically.

      BUSINESS COMMITTEE TRAINING AND/OR COMPETENCY DEVELOPMENT
      Information on training and/or improving the competence of the Business Committee can be seen in the discussion on
      Training and/or improving the Competency of Board of Directors, Chapter on Corporate Governance and Competency
      Development Based on Position Level and Gender Equality in 2023, Chapter on Company Profile of this Annual Report.

      BUSINESS COMMITTEE CHARTER
      In carrying out its duties and responsibilities, the Business Committee is guided by the Business Committee Charter,
      which is continuously refined and updated in accordance with developments/changes in applicable legal regulations.
      This Business Committee Charter has been signed by the Board of Directors and stipulated in Board of Directors' Decree
      Number KP/439/DIR/R dated October 27, 2022 and KP/440/DIR/R dated October 27, 2022.

      PERFORMANCE MANAGEMENT COMMITTEE (PMC)

      The Performance Management Committee (PMC) is a permanent committee at BNI as a forum for managing budget monitoring
      policies and expediting the performance management ( ) process at BNI to ensure alignment, facilitate processes and performance
      assessments, in accordance with Directors' Decree No. KP/353/DIR/R dated June 21, 2017 regarding Structuring (PMC) and changes
      to the composition of the PMC cfm membership. CDV Memo No. CDV/2/1515/R dated 20 December 2023 regarding Membership.
832   From Local to Global
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PERFORMANCE MANAGEMENT COMMITTEE STRUCTURE AND MEMBERSHIP (PMC)
 No.                                  Performance Management Committee Structure and Membership
 1       Chairman                     President Director
 2       Deputy Chairman              Vice President Director
 3       Secretary                    Head of Corporate Planning & Performance Management Division (concurrently Permanent Member)
         Permanent Member at the
 4       Board of Directors & SEVP    All members of the Board of Directors & SEVP
         level (Voting members)

         Permanent Member at the
 5       Board of Directors level     Human Capital & Compliance Director
         (Non-voting member)

                                      1.   Head of Corporate Planning & Performance Management Division
         Permanent Member at          2.   Head of Distribution Network & Sales Division
         the Division/Unit/Unit       3.   Head of Human Capital Strategy Division
 6
         Functional level (Non-       4.   Head of Treasury Division
         voting members)              5.   Head of Data Management & Analytics Division
                                      6.   Head of Internal Audit Unit
         Non-Permanent Members
 7                                    Head of Division/Unit/Functional Unit related to the topic of discussion
         (Nonvoting members)


PROFILE AND CERTIFICATION OF PERFORMANCE                                        2. Target Setting
MANAGEMENT COMMITTEE MEMBERS                                                       a. Approve and determine the annual schedule and be
The profile of each committee member can be found in                                  responsible for planning and budgeting;
the discussion of the Board of Directors Profile and Senior                        b. Supervise and monitor the progress of planning
Executive President (SEVP) Profile. All members of the                                and budgeting activities;
Performance Management Committee have fulfilled the                                c. Review and approve suggested targets and/or
specified certification.                                                              budget adjustments (forecasting);
                                                                                   d. Decide on a CAPEX proposal based on certain
STATEMENT OF INDEPENDENCE OF                                                          criteria (business cases).
PERFORMANCE MANAGEMENT COMMITTEE                                                3. Performance Assessment
The Performance Management Committee has carried out                               a. Review, provide insight and approve KPIs at Sectoral
its duties and responsibilities independently as stated in                            and Divisional/Unit/Functional Unit levels;
the Integrity Pact which is signed periodically.                                   b. Review and provide recommendations for BNI BOD
                                                                                      KPIs;
TRAINING AND/OR COMPETENCY IMPROVEMENT                                             c. Provide recommendations to Sectors and Divisions/
OF PERFORMANCE MANAGEMENT COMMITTEE                                                   Units/Functional Units regarding the determination
Information on training and/or improving the competence                               and cascading (decrease) of KPIs and targets;
of the Performance Management Committee can be                                     d. Review the process of implementing performance
found in the discussion on Training and/or improving the                              management on an ongoing basis;
Competency of Board of Directors, Chapter on Corporate                             e. Provide recommendations for policy amendment
Governance and Competency Development Based on                                        initiatives to improve the effectiveness of
Position Level and Gender Equality in 2023, Chapter on                                performance management;
Company Profile of this Annual Report.                                             f. Review and determine on the PMS scores for the Q4
                                                                                      period (while for the PMS scores for the Q1, Q2 and Q3
DESCRIPTION OF DUTIES AND RESPONSIBILITIES                                            periods the PMS scores are reviewed and determined
OF PERFORMANCE MANAGEMENT COMMITTEE                                                   by the Director who supervises the PMS function).
The Performance Management Committee's job description                             g. Acting as an arbitration institution for issues related
is as follows:                                                                        to performance measurement .
1. Strategic Planning;
    a. Review and ensure alignment between RBB,                                 PERFORMANCE MANAGEMENT
        Corporate Plan and budget, and suggest adjustments                      COMMITTEE CHARTER
        if necessary;                                                           In carrying out its duties and responsibilities, the
    b. Review and approve the company strategy and                              Performance Management Committee is guided by the
        recommend changes to the Corporate Plan/Bank                            Performance Management Committee Charter which is
        Business Plan;                                                          continuously refined and updated in accordance with
    c. Review the performance review process which is                           developments/changes in applicable legal regulations.This
        carried out periodically.                                               Performance Management Committee Charter has been
                                                                                signed by the Board of Directors and stipulated in Board
                                                                                of Directors' Decree No. KP/353/DIR/R dated 21 June 2017.


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      IMPLEMENTATION OF PERFORMANCE MANAGEMENT COMMITTEE DUTIES AND MEETING FREQUENCY
      During 2023, the Performance Management Committee held 2 (two) Performance Management Committee meeting,
      with the following agenda:

        No.                              Date of Meeting                                                      Meeting Agenda
        1           February 15, 2023                                            Finalization of PMS Quarter 4 2023
        2           June 19, 2023                                                Governance KPI Unit and Individual KPI



      TECHNOLOGY MANAGEMENT COMMITTEE

      TheTechnology Management Committee is a permanent committee at BNI with the authority to provide recommendations
      to the Board of Directors concerning the formulation, determination of policies and strategies for PT. Bank Negara
      Indonesia (Persero) Tbk information technology development. This committee was formed with the aim of assisting the
      Board of Commissioners and the Board of Directors in carrying out supervision of Information Technology (IT) activities.
      TheTechnology Management Committee was formed based on Board of Directors' Decree No. KP/364/DIR/R dated August
      13, 2021 concerning the Arrangement of the Technology Management Committee (KMT), and was updated through
      CDV memo No. CDV/2/714/R dated June 12, 2023 concerning Submission of the Updated Attachment to the Technology
      Management Committee (KMT) Decision Letter (SK) which has been updated through CDV memo No. CDV/2/1420/R dated
      December 5, 2023 concerning Submission of Membership Updates to the Technology Management Committee (KMT).

      TECHNOLOGY MANAGEMENT COMMITTEE STRUCTURE AND MEMBERSHIP

        No                                           Technology Management Committee Structure and Membership
        1           Chairman                                                          President Director
        2           Deputy Chairman                                                   Technology & Operations Director
                                                                                      Head of IT Strategy & Architecture Division (concurrently a Non-
        3           Secretary
                                                                                      voting Permanent Member)
                                                                                      1. Vice President Director
                                                                                      2. Wholesale & International Banking Director
                                                                                      3. Enterprise & Commercial Banking Director
                                                                                      4. Risk Management Director
                                                                                      5. Finance Director
                                                                                      6. Network & Services Director
                    Permanent members at Director & SEVP level (Voting                7. Institutional Banking Director
        4
                    members)                                                          8. Retail Banking Director
                                                                                      9. Digital & Integrated Transaction Banking Director
                                                                                      10. SEVP Corporate Development & Transformation
                                                                                      11. SEVP Treasury
                                                                                      12. SEVP Remedial & Recovery
                                                                                      13. SEVP Operations
                                                                                      14. SEVP Retail Digital Solutions
        5           Director level permanent member (Non-voting member)               Human Capital & Compliance Director*
                                                                                      1. Head of IT Strategy & Architecture Division
                                                                                      2. Head of Application Development Division
                                                                                      3. Head of Wholesale Digital Delivery Division
                                                                                      4. Head of Retail Digital Delivery Division
                                                                                      5. Head of IT Application Services Division
                                                                                      6. Head of IT Infrastructure Management Division
                                                                                      7. CISO Division Leader
                                                                                      8. Head of Data Management & Analytics Division
                                                                                      9. Head of Retail Digital Channel Division
                    Permanent members at the of Division/Unit/ Functional Units       10. Wholesale Digital Channel Division Leader
        6                                                                             11. Head of Corporate Development & Transformation Division
                    Head level (Non voting member)
                                                                                      12. Head of Enterprise Risk Management Division
                                                                                      13. Head of Compliance Division
                                                                                      14. Human Capital Business Partner
                                                                                      15. Head of Corporate Planning & Performance Management
                                                                                          Division
                                                                                      16. Head of Procurement & Fixed Assets Division
                                                                                      17. Head of Internal Audit Unit
                                                                                      18. Senior Operational Risk Executive Technology, Digital *
                                                                                          Operations
                    Non-permanent members at the division/unit/ Functional            Heads of division /units and directors of subsidiary companies
        7
                    Units level (non-voting member)                                   related to the topic discussed
        Information:
        *)
          Specifically, the Human Capital & Compliance Director has special duties and responsibilities as regulated in the committee's work guidelines.




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          Practices          Governance             Responsibility                Commitment                  Statements




PROFILE AND CERTIFICATION OF TECHNOLOGY                                  2. IT Project Portfolio Management Field
MANAGEMENT COMMITTEE MEMBERS                                                a. Evaluating the IT project portfolio, including
The profile of each committee member can be found in                            proposed projects, projects that have been approved
the discussion of the Board of Directors Profile and Senior                     in principle, projects that are in progress and
Executive President (SEVP) Profile. All members of the                          projects that have been completed;
Technology Management Committee have fulfilled the                          b. Determine the priority status of critical IT projects
specified certification.                                                        that have a significant impact on BNI's operational
                                                                                activities;
COMMITMENT TO INDEPENDENCE OF                                               c. Make decisions on continuing, de-prioritizing or
TECHNOLOGY MANAGEMENT COMMITTEE                                                 terminating a project;
The Technology Management Committee has carried out                         d. Conduct evaluations and recommendations
its duties and responsibilities independently as stated in                      regarding the adequacy and allocation of existing
the Integrity Pact which is signed periodically.                                resources;
                                                                            e. Monitoring project implementation, ensuring
TRAINING AND/OR COMPETENCY IMPROVEMENT                                          timelines and resource requirements are met;
OF TECHNOLOGY MANAGEMENT COMMITTEE                                          f. Conduct evaluations and recommendations on
Information on training and/or increasing the competence                        problematic or risky projects;
of the Technology Management Committee (KMT) can be                         g. Reviewing financial aspects of ongoing IT projects
found in the discussion on Training and/or Increasing the                       (total project cost, project profit & loss, budget
Competency of Directors, Chapter on Corporate Governance                        realization).
and Competency Development Based on Position Level and                   3. IT Risk Management Sector
Gender Equality in 2023, Chapter on Company Profile on                      a. Provide recommendations regarding steps to
this Annual Report.                                                             minimize risks regarding BNI investments in the IT
                                                                                sector so that these investments can contribute to
DESCRIPTION OF DUTIES AND RESPONSIBILITIES                                      achieving BNI's business goals;
OF TECHNOLOGY MANAGEMENT COMMITTEE                                          b. Carrying out evaluations and recommendations on
The duties and responsibilities ofTechnology Management                         efforts to resolve various IT-related problems that
Committee consist of several fields, namely:                                    cannot be resolved by IT user & operator units;
1. Field of IT Strategy and Policy Formulation                              c. Identify key issues, mitigation plans and next steps/
   a. Provide recommendations regarding the                                     actions needed.
       formulation of key IT policies, standards and                     4. Field of IT Performance Measurement and Evaluation
       procedures, especially related to aspects of                         a. Conduct evaluations and recommendations
       IT system development and procurement, IT                                regarding the suitability of IT with the needs of
       operational activities and communications                                Management Information Systems that support
       networks, information security, end user computing,                      the management of BNI's business activities;
       e-banking activities, use of IT service providers, and               b. Conduct evaluations and recommendations
       management implementation risks of using BNI IT;                         regarding the suitability between the implementation
   b. Provide recommendations regarding the Information                         of IT projects and the agreed project plan (project
       Technology Strategic Plan (RSTI)/Information                             charter);
       Technology Strategic Plan and Information                            c. Monitoring IT performance and improvement
       Technology Development Plan (RPTI) which are                             efforts.
       in line with BNI's business strategic plan, taking
       into account factors of efficiency, effectiveness                 TECHNOLOGY MANAGEMENT
       and implementation plan (roadmap), resources                      COMMITTEE CHARTER
       (resources) needed, as well as the costs and benefits             In carrying out its duties and responsibilities, theTechnology
       that will be obtained when the plan is established;               Management Committee is guided by the Technology
   c. Conduct evaluations and recommendations on the                     Management Committee Charter which is continuously
       suitability of approved projects with the Information             refined and updated in accordance with developments/
       Technology Strategic Plan (RSTI) and Information                  changes in applicable legal regulations. This Technology
       Technology Development Plan (RPTI);                               Management Committee Charter has been signed by the
   d. Provide approval for IT and information security                   Board of Directors and stipulated in Board of Directors'
       budget recommendations;                                           Decree No. KP/364/DIR/R dated 13 August 2021.
   e. Establish an IT strategic plan;
   f. Establish policies, standards and procedures related
       to the implementation and use of IT.




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      TECHNOLOGY MANAGEMENT COMMITTEE DUTIES AND MEETING FREQUENCY
      Up until December 31, 2023, the Technology Management Committee held 5 (five) meetings with the following agenda:

        No                    Date                                                                              Agenda
                                                      Discussion and Approval of the Information Technology Strategic Plan
                                                      Approval of the IT strategic plan for the period 2023-2025. This plan includes IT strategic direction and
        1       April 5, 2023
                                                      targets that are aligned with business strategic direction, including timeline, investment and strategic
                                                      steps over the next 3 years.
                                                      Update the latest conditions related to cybersecurity
                                                      May 29, 2023, Information regarding the status of cyber security in Bandung, including the latest risk
        2       May 29, 2023
                                                      identification, preventive actions and response steps outlined in the cyber security program. Focus on
                                                      improving data and system security.
                                                      Delivery of SDLC process flow & BNI strategic project progress updates
                                                      The proposed new Software Development Life Cycle (SDLC) process flow is explained, outlining
        3       July 24, 2023                         RACI's role from both the board of directors, business units and support units. Apart from that,
                                                      updates were also provided regarding the progress of strategic projects. This allows the committee to
                                                      understand the SDLC process and be aware of ongoing strategic project developments.
                                                      IT Competency Model Initiation Report
                                                      It was conveyed that there was a need for development within the IT Work Unit organization, including
        4       September 25, 2023                    skills repository, performance management, community and career paths for each BNI IT Work Unit
                                                      employee. This initiation was carried out through collaboration between the IT Work Unit and units
                                                      that manage Human Resources & HR Competency Development.
                                                      2023 Project Progress Update, 2023 CAPEX Utilization and 2024 CAPEX Requirements
                                                      Presented progress on IT projects in 2023, status of CAPEX Automation absorption for October 2023,
        5       November 20, 2023
                                                      explanation regarding adjustments to the IT Planning Session 2024 flow, and summary of calculations
                                                      of IT CAPEX requirements in 2024.


      CREDIT POLICY COMMITTEE

      The Credit Policy Committee is a permanent committee at BNI with the authority and function in providing recommendations
      to the Board of Directors regarding the formulation of Credit Policy which includes two sub-committees, namely the
      Credit Policy Sub-Committee (KKP) and the Credit Procedures Sub-Committee (KPP).

      Based on Board of Directors' Decree No. KP/333/DIR/R dated 21 August 2019 regarding the Restructuring of the Credit
      & Business Policy Committee (KRB), the Credit & Business Policy Committee (KRB) was reorganized by adjusting the
      membership of the Sub Committee. Credit Policy (KKP) and Credit Procedures Sub-Committee (KPP) are in line with changes
      in BNI's nomenclature and organization, as well as adjusting the working procedures of the Credit Policy Committee (KRB).

      The Credit Policy Committee is chaired by the President Director. In the Bank’s structure, the position of the Credit Policy
      Committee is under the Board of Directors.

      CREDIT POLICY COMMITTEE MEMBERSHIP COMPOSITION
      Credit Policy Sub Committee (KKP) Structure and Membership
        No                                              Credit Policy Sub Committee (KKP) Membership Composition
        1       Chairman                                                         President Director
        2       Deputy Chairman                                                  Vice President Director
        3       Secretary                                                        Head of Policy Governance Division (also a permanent member)
                                                                                 1.   Wholesale & International Banking Director
                                                                                 2.   Institutional Banking Director
                                                                                 3.   Retail Banking Director
                Permanent Members at the Board of Directors                      4.   Enterprise & Commercial Banking Director
                and SEVP level                                                   5.   Network & Services Director
                                                                                 6.   Risk Management Director
                                                                                 7.   Technology & Operations Director
                                                                                 8.   SEVP Remedial & Recovery
        4
                Permanent Members at the Directors and SEVP
                                                                                 Human Capital & Compliance Director
                level (Non-voting member)
                                                                                 1. Head of Enterprise Risk Management Division
                Permanent Members at Division/Unit/Functional
                                                                                 2. Head of Compliance Division
                Unit Level
                                                                                 3. Head of Internal Audit
                                                                                 Director Sector/SEVP/Divisional/Unit/ Functional Units Head related to the
                Non-Permanent Members
                                                                                 meeting material
        Note:
        *) Specifically, the Director of Human Capital & Compliance has special duties and responsibilities as regulated in the Committee's Work Guidelines.




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Credit Procedures Sub-Committee (KKP) Structure and Membership
 No                                              Credit Policy Sub-Committee (KKP) Membership Composition
 1        Chairman                                                        President Director
 2        Deputy Chairman                                                 Vice President Director
 3        Secretary                                                       Head of Policy Governance Division (also a permanent member)
                                                                          •   Wholesale & International Banking Director
                                                                          •   Institutional Banking Director
                                                                          •   Enterprise & Commercial Banking Director
          Permanent Members at the Board of Directors                     •   Retail Banking Director
          and SEVP level (voting member)                                  •   Network & Services Director
                                                                          •   Risk Management Director
                                                                          •   Technology & Operations Director
                                                                          •   SEVP Remedial & Recovery
          Permanent Members at the Board of Directors
                                                                          Human Capital & Compliance Director
          and SEVP level (Non-voting member)
                                                                          •   Head of Enterprise Risk Management Division
                                                                          •   Head of Compliance Division
                                                                          •   Head of Internal Audit
                                                                          •   Head of Syndication & Structured Finance Division
                                                                          •   Head of Corporate Banking 1 Division
                                                                          •   Head of Corporate Banking 2 Division
                                                                          •   Head of Corporate Banking 3 Division
 4                                                                        •   Head of Corporate Banking 4 Division
                                                                          •   Head of Institutional Banking 1 Division
                                                                          •   Head of Institutional Banking 2 Division
                                                                          •   Head of Business Program Division
                                                                          •   Head of Retail Productive Banking Division
          Non-Permanent Members at Division/Unit/                         •   Head of Enterprise Banking Division
          Functional Unit level (voting member)                           •   Head of Commercial Banking 1 Division
                                                                          •   Head of Commercial Banking 1 Division
                                                                          •   Head of International Banking & Financial Institutions Division
                                                                          •   Head of Treasury Division
                                                                          •   Head of Consumer Product Division
                                                                          •   Head of Credit Operations Division
                                                                          •   Head of Corporate & Enterprise Credit Risk Division
                                                                          •   Head of Commercial Credit Risk Division
                                                                          •   Head of Retail Credit Risk Division
                                                                          •   Head of Retail Collection & Recovery Division
                                                                          •   Head of Corporate & Enterprise Remedial & Recovery Division
                                                                          •   Head of the Enterprise & Commercial Remedial & Recovery Division
                                                                          •   Head of Division/Unit/Functional Unit related to the topic of discussion
          Non-Permanent Members                                           Director/SEVP/Head of Division/Unit/Unit related to the meeting material
 Note:
 *) Specifically, the Director of Human Capital & Compliance has special duties and responsibilities as regulated in the Committee's Work Guidelines.




CREDIT AND BUSINESS POLICY COMMITTEE MEMBERS PROFILES AND CERTIFICATION
The profile of each committee member can be found in the discussion of the Board of Directors Profile and Senior Executive
President (SEVP) Profile. All members of the Credit and Business Policy Committee have fulfilled the specified certification.

CREDIT AND BUSINESS POLICY COMMITTEE STATEMENT OF INDEPENDENCE
The Credit and Business Policy Committee has carried out its duties and responsibilities independently as stated in the
Integrity Pact which is signed periodically.

CREDIT AND BUSINESS POLICY COMMITTEE TRAINING AND/OR COMPETENCY DEVELOPMENT
Information on training and/or improving the competence of the Credit and Business Policy Committee can be found in
the discussion on Training and/or improving the Competency of Board of Directors, Chapter on Corporate Governance
and Competency Development Based on Position Level and Gender Equality in 2023, Chapter on Company Profile of
this Annual Report.




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      CREDIT AND BUSINESS POLICY COMMITTEE                                     6. Formulating and recommending measures to perfect
      DUTIES AND RESPONSIBILITIES                                                 the implementation of Bank Credit activities.
      Credit Policy sub Committee (KKP)
      The Credit Policy Sub Committee duties and responsibilities              Credit Procedures Sub Committee (KPP)
      are as follows:                                                          The Credit Procedures sub Committee duties and
      1. Establish the Bank Credit Policy (KPB), especially those              responsibilities are as follows:
          related to the formulation of prudential principles                  1. Establishing procedures and operational Credit
          in credit for further approval from the Board of                        provisions;
          Commissioners;                                                       2. Establishing Lending Model;
      2. Supervise that the Bank Credit Policy can be                             Lending Model contains operating policies and procedures
          implemented and implemented consistently and                            related to specific credit financing schemes with the terms
          consistently and carry out reviews if there are obstacles/              and conditions specially adapted to the market segment,
          obstacles in implementing the Bank Credit Policy;                       industry or area of interest with regard to prudential
      3. Conduct regular reviews once every 3 (three) years of                    banking principles and good corporate governance;
          the Bank's Credit Policy and, if necessary, determine                3. Establishing operational procedures and provisions
          changes/improvements to the Bank's Credit Policy;                       for Treasury and International Business/Financial
      4. Monitoring and evaluating:                                               Institutions;
          a. Development and overall quality of the credit                     4. The Governance Policy Division as secretary submits
              portfolio;                                                          periodic reports/reports on the decisions of the
          b. Correctness of the implementation of the authority                   Credit Policy Sub-Committee (KKP) to all Directors,
              on credit decisions;                                                Commissioners & SEVP;
          c. Correctness of the process of granting, development               5. The Policy Governance Division as secretary submits
              and quality of credit extended to parties related to                periodic reports/reports on the decisions of the Editing
              the Bank and certain large debtors;                                 Procedures Sub-Committee (KPP) to all Directors &
          d. Correctness of implementation of LLL provisions,                     SEVP.
              Good Corporate Governance, and Implementation
              of Risk Management;                                              CREDIT PROCEDURES COMMITTEE CHARTER
          e. Compliance with statutory provisions and other                    In carrying out its duties and responsibilities, the Credit
              regulations for granting credit;                                 Policy Committee is guided by the Credit Policy Committee
          f. Settlement of non-performing loans as stipulated                  Charter, which is continuously refined and updated in
              in the KPB;                                                      accordance with developments/changes in applicable legal
          g. Bank’s efforts in meeting the adequacy of allowance               regulations.This Credit Policy Committee Charter has been
              for credits.                                                     signed by the Board of Directors and stipulated in Board of
      5. Delivering periodic written reports to the Board of                   Directors' Decree No. KP/440/DIR/R dated October 27, 2022.
          Commissioners, on the results of monitoring the
          application and implementation of KPB and the results                IMPLEMENTATION OF CREDIT & BUSINESS
          of monitoring and evaluating matters referred to in                  POLICY COMMITTEE DUTIES AND
          point 4 above.                                                       MEETINGS FREQUENCY IN 2023
                                                                               During 2023, the Credit Policy and Procedure Committee
                                                                               held 9 (nine) meetings with the following agenda:


        No                Date                                                            Agenda
                                           Proposed Review of the provisions for the appointment of Independent Appraisers or Public Appraisal
                                           Services Office (KJPP)
          1    February 3, 2023
                                           Proposed Review of Authority to Decide Non -Restructuring Credit Reviews for Small Segments and
                                           Commercial Segments
                                           Adjustment of the SEVP Remedial & Recovery Function (SRR) as a member of the Credit Committee
          2    February 20, 2023
                                           Risk Function Corporate Segment (Incl Large Commercial) and Commercial Segment
                                           Determination and authority to decide the target market for the Large Commercial, Commercial and
          3    March 21, 2023
                                           Small Segments
          4    April 4, 2023               Regional Business Committee
          5    April 17, 2023              Proposed Review of Investment Credit Patterns of Plasma Core Partnership
                                           Proposed Environment, Social & Governance-Based Financing in the Framework of Implementing
          6    May 31, 2023                Sustainable Finance (ESG -Based Financing)
                                           Proposed Fast Trex and BWU Fast Trex
          7    July 11, 2023               Proposed Review of Credit Purchase Provisions for Procurement and/or Land Management
          8    August 21, 2023             Proposed Review Provisions for Providing Commercial Line
          9    August 29, 2023             Provisions on Cash Collateral Credit Facility Export Results (CCC DHE)




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          Practices                     Governance                        Responsibility                     Commitment                         Statements




HUMAN CAPITAL COMMITTEE (SDM)                                                                   3. Evaluate the performance of Division Heads and
                                                                                                   Regional Heads;
The Human Capital Committee is a permanent committees                                           4. Decided on the approval for proposed administrative
at BNI, staffed by all members of the Board of Directors                                           sanctions for the positions of Division Heads and Region
and several Division heads with the following powers:                                              Heads;
1. Decide on policies/provisions in the human capital                                           5. Approve the delegation of authority in human capital
    management related to:                                                                         management.
    a. Planning Officer;
    b. Recruitment and Selection;                                                               The Human Capital Committee was established based on
    c. Competency Training and Development;                                                     Board of Directors Decree No. KP/235/DIR/R dated July 18, 2011
    d. Employee Performance Assessment;                                                         concerning Amendment to the Human Capital Committee,
    e. Career Path and Succession;                                                              which has been updated through memo No. REN/2/254/R
    f. Remuneration;                                                                            dated June 03, 2016 regarding changes to the Human Capital
    g. Industrial relations;                                                                    Committee (dhi. HR Committee) as well as adjustments in
    h. Work Culture.                                                                            line with changes in BNI nomenclature and organization.
2. Decide on approval for the realignment/promotion
    program for the positions of Division Head and Region
    Head;

HUMAN CAPITAL COMMITTEE (SDM) STRUCTURE AND MEMBERSHIP

 No.                                                Composition of Human Capital (HR) Committee Membership
   1.     Chairman                                                             President Director
                                                                               1. Director who supervise the Human Capital Strategy Division (Concurrently
   2.     Permanent Members                                                       Alternate Chairman)*
                                                                               2. Director who supervise the Compliance Division
                                                                               Sector Directors and/or Officers supervising the Division/Unit/ Functional Units
   3.     Non-Permanent Members
                                                                               (if there is no Sector Director) related to meeting material*
   4.     Secretary                                                            Head of Human Capital Strategy (HCT) Division
 Note:
 *) In the absence of a Director position, the position is replaced by a SEVP or Officer supervising the Division/Unit/Unit related to that field.



HUMAN CAPITAL COMMITTEE MEMBERS                                                                3. Evaluating the performance of the Division Head’s
PROFILES AND CERTIFICATION                                                                        leadership positions;
The profile of each committee member can be found in                                           4. Ensuring the delegation of authority in human capital
the discussion of the Board of Directors Profile and Senior                                       management is in accordance with the needs.
Executive President (SEVP) Profile. All members of the
Human Capital Committee have fulfilled the specified                                           STATEMENT OF INDEPENDENCE OF
certification.                                                                                 THE HUMAN CAPITAL COMMITTEE
                                                                                               The Human Capital Committee has carried out its duties
DUTIES AND RESPONSIBILITIES OF                                                                 and responsibilities independently as stated in the Integrity
THE HUMAN CAPITAL COMMITTEE                                                                    Pact which is signed periodically.
The duties and responsibilities of the Human Capital (HR)
Committee are as follows:                                                                      TRAINING AND/OR COMPETENCY IMPROVEMENT
1. Ensuring the human capital policies/provisions are                                          OF THE HUMAN CAPITAL COMMITTEE
   consistent and aligned with strategic policy planning.                                      Information on training and/or improving the competence
   The human capital policies/provisions include                                               of the Human Capital Committee can be found in the
   Human Capital management, Remuneration System                                               discussion on Training and/or improving the Competency
   management and Reward and Punishment mechanisms                                             of Board of Directors, Chapter on Corporate Governance
   for all BNI employees;                                                                      and Competency Development Based on Position Level
2. Ensuring the availability of qualified human resources                                      and Gender Equality in 2023, Chapter on Company Profile
   and placing them in the right positions to support the                                      of this Annual Report.
   leadership positions including Division Head and
   Regional Head;




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      TEAMS UNDER THE HUMAN CAPITAL COMMITTEE
      Teams for the Assessment and Formulation of Human Capital Management System Policy

        No.                            Teams Under the Human Capital Committee (HC) Structure and Membership
             1   Chairman                      Head of Human Capital Strategy (HCS) Division
                                               1. Head of Corporate Development & Transformation (CDV) Division (Concurrently Substitute
             2   Permanent Members                Chairman)
                                               2. Head of Compliance (CMP) Division
             3   Non Permanent Member          Division/Unit/ Functional Units Head related to the meeting material
                                               Department Head of Human Capital Strategy (HCS) Division related to the discussion agenda (Not
             4   Secretary
                                               concurrently Members)

      The Human Capital Management System Policy Assessment & FormulationTeam Duties and Responsibilities are as follows:
      1. Managing the research, assessment and evaluation of the effectiveness and quality as well as recommend proposed
         changes/improvements to operational policies and mechanisms for policies related to human capital management:
         • Employee planning;
         • Recruitment and selection;
         • Competency training and development;
         • Employee Performance Assessment;
         • Career paths and succession;
         • Remuneration;
         • Industrial relations;
         • Corporate culture.
      2. Managing the proposed delegation of authority in human capital management.

      ADVISORY TEAM FOR MANAGEMENT REALIGNMENT
        No.                              Advisory team for Management Realignment Structure and Membership
        1.          Chairman                          Human Capital Strategy (HCS) Division Head
                                                      1. Division/Unit/ Functional Units Heads who supervises related units (Concurrently
        2.          Permanent Members                    Substitute Chairman Head)
                                                      2. Division/Unit/ Functional Units Heads related to the meeting material
                                                      Department Head of the Human Capital Strategy (HCS) Division related to the discussion
        3.          Secretary
                                                      agenda (Not Concurrent Member)


      The Advisory Team For Management Realignment has duties and rsponsibilities including managing planning and
      candidate search activities based on predetermined conditions, and recommending the relevant candidates to be
      transferred/promoted as leadership staff.

      Advisory Team For Administrative Sanctions
      Head Office
        No.                       Advisory Team For Administrative Sanctions Structure and Membership - Head Office
        1.          Chairman                          Head of Human Capital Services (HCE) Division (Concurrently Member)
                                                      1. Head of Compliance Division (CMP)
        2.          Permanent Member                  2. Head of Legal Division (HUK)
                                                      3. Head of Division/Unit/ Functional Units related to events/cases or their representatives
        3.          Secretary                         Head of Internal Audit Unit (IAD) (Not Concurrently Member)


      Regional Offices
        No.                     Advisory Team For Administrative Sanctions Structure and Membership - Regional Offices
        1.          Chairman                          CEO Region
                                                      1. Area Head Leader who supervises the incidents/cases unit
        2.          Permanent Member                  2. One Head Regional Leader appointed by the Regional Head (CEO Region)
                                                      3. Head of Division/Unit/Functional Units related to events/cases or their representatives
        3.          Secretary                         Regional Operational Risk Internal Control (ORIC)


      The Advisory Team for Administrative Sanctions Duties and Responsibilities, namely Managing the analysis and
      assessment activities for the recommendations for administrative sanctions received from the case processing unit, to
      then recommends to the decision maker or provides an administrative sanction verdict against the employee related to
      the case in accordance with the applicable authority matrix.


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          Practices                   Governance                       Responsibility                    Commitment                        Statements




HUMAN CAPITAL COMMITTEE CHARTER                                                             IMPLEMENTATION OF THE OF THE HUMAN
In carrying out its duties and responsibilities, the Human                                  CAPITAL COMMITTEE DUTIES IN 2023
Capital Committee is guided by the Human Capital                                            Until December 31, 2023, the Team for Consideration of
Committee Charter, which is continuously refined and                                        Transfer of Leadership Staff (TPMP) has scheduled regular
updated in accordance with developments/changes in                                          meetings at least 2 (two) times a week to discuss transfers of
applicable legal regulations.This Human Capital Committee                                   Branch and Central Leadership staff. Meanwhile, decisions
Charter has been signed by the Board of Directors and                                       on transfers to the positions of Division Head and Regional
stipulated in Board of Directors' Decree No. KP/235/DIR/R                                   Head have been made through 13 Board of Directors
dated July 18, 2011.                                                                        meetings.The Administrative Sanctions ConsiderationTeam
                                                                                            has held 15 discussion meetings as a form of implementing
                                                                                            risk culture and enforcing employee discipline effectively.

SUBSIDIARIES COMMITTEE (KPA)

The Subsidiaries Committee is one of the Permanent Committees at BNI and was established based on Board of Directors
Decree No. KP/067/DIR/R dated March 7, 2022, which granted the authority to determine and manage policies and Corporate
Actions of BNI Subsidiaries in order to create Subsidiaries that are highly competitive and can grow sustainably, in
accordance with Board of Directors' Decree No. KP/067/DIR/R dated March 7 2022 regarding the Arrangement of the
Subsidiary Company Committee (KPA) and changes to the composition of the KPA cfm membership. CDV Memo No.
CDV/2/1516/R dated 20 December 2023 concerning the Subsidiary Company Committee (KPA).

SUBSIDIARIES COMMITTEE STRUCTURE AND MEMBERSHIP

 No.                                                     Subsidiaries Committee Structure and Membership
 1        Chairman                                                President Director
 2        Deputy Chairman                                         Vice President Director
 3        Secretary                                               Head of Subsidiaries Management Division
                                                                  1.   Finance Director
          Permanent Members at the Board
                                                                  2.   Risk Management Director
          of Directors and SEVP level (voting
                                                                  3.   Director of Subsidiary Development regarding the material to be discussed
          member)                                                 4.   SEVP Corporate Development & Transformation
 4        Permanent Members at the Board of
          Directors and SEVP level (Non-voting                    Human Capital & Compliance Director
          member)
          Non-Permanent Members at Director
                                                                  Directors and SEVP related to the material that attended as an invitation
          level 7 SEVP (Voting members)
 Note :
 *) Specifically the Human Capital & Compliance Director has specific duties and responsibilities that are regulated in the committee’s work guidelines.




SUBSIDIARIES COMMITTEE MEMBERS                                                              Competency Development Based on Position Level and
PROFILES AND CERTIFICATION                                                                  Gender Equality in 2023, Chapter on Company Profile of
The profile of each committee member can be found                                           this Annual Report.
in the discussion of the Board of Directors Profile and
Senior Executive President (SEVP) Profile. All members                                      SUBSIDIARIES COMMITTEE DUTIES
of the Subsidiary Committee have fulfilled the specified                                    AND RESPONSIBILITIES
certification.                                                                              1. Determining the Subsidiaries strategies and targets;
                                                                                            2. Establishing business initiatives for the Company’s
SUBSIDIARIES COMMITTEE                                                                         equity participation in Subsidiaries;
STATEMENT OF INDEPENDENCE                                                                   3. Approving the Corporate Action plan and BNI
The Subsidiary Company Committee has carried out its                                           Incorporated equity participation;
duties and responsibilities independently as stated in the                                  4. Evaluating the Subsidiaries financial performance;
Integrity Pact which is signed periodically.                                                5. Appointing the Subsidiaries Management;
                                                                                            6. Determining the Remuneration for Subsidiaries
SUBSIDIARIES COMMITTEE TRAINING AND/                                                           Management;
OR COMPETENCY DEVELOPMENT                                                                   7. Establishing the Subsidiaries RKAP;
Information on training and/or improving the competence                                     8. Determining the Subsidiaries GMS implementation
of Subsidiary Committees can be seen in the discussion                                         and agenda;
on Training and/or improving the Competency of Board                                        9. Establishing the power of attorney to represent the
of Directors, Chapter on Corporate Governance and                                              company as a shareholder in the Subsidiary Company.


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      SUBSIDIARIES COMMITTEE CHARTER
      In carrying out its duties and responsibilities, the Subsidiaries Committee is guided by the Subsidiaries Committee Charter,
      which is continuously refined and updated in accordance with developments/changes in applicable legal regulations.This
      Subsidiary Committee Charter has been signed by the Board of Directors and stipulated in Board of Directors' Decree
      No. KP/067/DIR/R dated March 7, 2022.

      IMPLEMENTATION OF DUTIES AND FREQUENCY OF SUBSIDIARIES COMMITTEE MEETINGS
      During 2023, the Subsidiary Company Management Committee held meetings with the following agenda:

        No                      Date                                                           Agenda
        1           March 27, 2023                Plans for Additional Capital in BNI Multifinance
        2           May 30, 2023                  Approval of the Subsidiaries AGMS Agenda for the 2022 Fiscal Year
                                                  Update, Approval and Consultation on BNI Ventures Strategic Steps (including approval of
        3           July 31, 2023
                                                  changes to the BNI Ventures Investment Committee)
        4           September 4, 2023             Consultation on BNI Ventures Participation in Merah Putih Fund (MPF)
        5           November 22, 2023             Consultation on Subsidiaries Business Plan 2024
        6           November 22, 2023             Capital Injection in BNI Multifinance Phase 2




      INTERNAL AUDIT UNIT

      Based on the Financial Services Authority (SEOJK) Circular               The Assurance Function includes the Risk Based Audit based
      Letter Number 35/SEOJK.03/2017 concerning Internal                       on the risk assessment analysis results, while the consulting
      Control Systems for Commercial Banks, Internal Control                   function is carried out both formally and informally, and
      is an ongoing monitoring mechanism established by the                    involves independent reviews of the launch of new products
      Bank’s Management to support the Bank performance                        or activities (according to OJK regulations) and special
      objectives achievement, increase value for stakeholders,                 assignments requested by management or at the initiative
      minimize potential losses and maintain compliance with                   of the IAD.
      applicable laws and regulations. BNI has implemented an
      effective and efficient Internal Control System by separating
      functions between the Risk Taking Unit (First Line Roles),               To support its function, the Internal Audit Unit has refined
      Risk Control Units (Second Line Roles) and Risk Assurance                audit methodology and innovated in the use of the
      Units (Third Line Roles).                                                Audit Management System so that the implementation
                                                                               of assurance and consultation is in line with business
      The Internal Audit Unit (IAD) as the third line in the Three             developments, thus having a good impact in encouraging
      Lines Model, plays a role in monitoring activities and                   improvements in the quality and effectiveness of risk
      encouraging corrective actions for deviations or weaknesses              management as well as the adequacy and effectiveness
      to play a role in ensuring the adequacy and effectiveness                of internal control, including ensuring quality. performance
      of risk management and internal control.                                 achievement.




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HEAD OF INTERNAL AUDIT PROFILE
The Internal Audit Unit is led by Anang Basuki, CIA effective since February 16, 2021, with the position of Executive Vice
President in accordance with Directors' Decree No. KP/057/DIR/R. The brief profile of the Internal Audit Unit Leader is as
follows:


                                       ANANG BASUKI, CIA, IIAP
                                       Head of Internal Audit Unit


                                       Nationality
                                       Indonesian citizen,

                                       Domicile
                                       DKI Jakarta, Indonesia

                                       Place, Date of Birth, Age
                                       54 years old, as of December 31, 2023

                                       Education
                                       Bachelor's degree in Accounting from Gadjah Mada University (1992)




 Qualification or Certification
 1. Level 1-4 Risk Management Certification;
 2. Certified Internal Auditor from The Institute of Internal Audit;
 3. Certified Six Sigma (Green Belt) from Pivotal Resources Asia;
 4. Silver Certificate 4 Disciplines of Execution (4DX) Leader;
 5. ISO 9001:2015 Interpretation & Documented Information;
 6. Certification of Operational Risk Management Implementation in Banking Level IV.

 Work Experience
 1. Auditor at PT Bank Negara Indonesia (Persero) Tbk (1997 – 2004)
 2. Audit Control Manager (2005 – 2007)
 3. Head of Support Group (2007 – 2008)
 4. Branch Manager at Mojokerto Branch (2008 – 2010)
 5. Branch Manager at Malang Branch (2010)
 6. Deputy General Manager of the Internal Audit Unit in charge of IT Audit, Strategic Function Audit and Fraud Investigation (2010 – 2013)
 7. CEO Regional Office 02 (2013 – 2014)
 8. Head of Internal Audit Unit (2014 - 2015)
 9. Head of Credit Administration Division (2015-2017)
 10. Chief Learning Officer at BNI Corporate University (2017-2021)
 11. Head of Internal Audit Unit (2021 – present)

 Legal Basis for Appointment
 Appointed as Head of the Internal Audit Unit based on Board of Directors' Decree No. KP/057/DIR/R.

 Term of Office
 (February 16, 2021 – Present)

 Concurrent Positions
 Chairman of the Supervisory Board of the Bank Internal Auditors Association (IAIB) Management 2023 – 2026



TRAINING AND/OR IMPROVING THE COMPETENCY OF INTERNAL AUDIT UNIT HEAD

 Competency Development/Training
                                                             Implementation Time                            Organizing Institution
 Materials
 The IAD leader becomes a resource person regarding Audit/Internal Control, Governance, Risk & Compliance for BNI's internal
 environment and as a speaker at the Internal Audit Professional Organization Conference
 Speaker in Operational Risk Workshop at
                                                   January – May 2023                            BNI University (BNU)
 Regional Office 01, 04, 05, 06, 15, & 17
 Speaker in KUR Implementation Supervision
                                                   January 2023                                  BPKP
 Forum
 Speaker in Code of Ethics and Fraud
 Awareness in Audit Committee Working Visit
                                                   February & June 2023                          Corporate Secretary (CSE)
 at Regional Office 15 Jakarta Kemayoran &
 Regional Office 16 Merauke, Papua


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        Competency Development/Training
                                                                              Implementation Time                                   Organizing Institution
        Materials
        Speaker in IAIB National Conference 2023
        theme "The Future Role of Internal Audit in         July 2023                                                     IAIB
        the Financial Services Industry"
        Speaker in Commercial Motivational
                                                            August 2023                                                   BNI
        Session
        Public Training/Conference
        IIA National Conference 2023 theme
                                                            August 2023                                                   Institute of Internal Auditors (IIA) Indonesia
        “Staying Relevant”
        BLMN GRC Masterclass 2023 Training ESG
        Theme for ESG Governance Board Speaker              September 2023                                                SOE Ministry
        : Leyal Savas
        Forum on Strengthening Governance and
                                                            September 2023                                                SOE Ministry
        Financial Reporting Integrity
        Risk Management Public Lecture and
        Discussion of Tridharma of Education at             September 2023                                                SOE Ministry
        Master of Management
        In House Training
        Employee with Integrity Award for
        Commitment to Reporting Gratifications in           March 2023                                                    BNI
        2023
        BNI Culture Transformation Internalization
                                                            August 2023                                                   Human Capital Strategy (HCS)
        Workshop


      INTERNAL AUDIT ORGANIZATIONAL STRUCTURE

                                                                               General Meeting of
                    Audit Committee                                            Shareholders (GMS)

                                      Board of Commissioners                    President Director


                                                                                Internal Audit Head


           Wholesale &
                                                                                       IT Audit &            Corporate Function                                 Investigation &
           International        Network & Retail     Digital & Operations                                                            Audit Development
                                                                                      Surveillance           & Subsidiaries Audit                               Whistleblowing
          Business Audit        Audit Department      Audit Department                                                                  Department
                                                                                      Department                 Department                                   System Department
            Department

               Corporate,
             Institutional &        Network &          Digital Wholesale                                          Corporate            Audit Planning &
                                                                                     IT Strategy Audit                                                            Investigation
          Syndication Banking      Service Audit              Audit                                             Function Audit          Development
            Business Audit


                                      Retail
             Enterprise                                                                  IT Apps,                                       Audit Quality
                                   Productive &                                                                 Subsidiaries &                                   Whistleblowing
           & Commercial                                Digital Retail Audit          Infrastructure &                                  Control & Report
                                 Business Program                                                                 GRC Audit                                         System
           Business Audit                                                               Dev. Audit                                        Analysis
                                       Audit


            International                                                                                                                  Monitoring &
                                  Consumer Audit       Operations Audit                Surveillance
           Business Audit                                                                                                                  Counterparty




                                                                                                                                      General Services
                                                                                                                                          Section




      IAD's position in the BNI organization is directly responsible to the President Director, with a direct line of communication
      (dotted line) to the Board of Commissioners/Audit Committee, as stipulated in Directors' Decree No. KP/132/DIR/R dated
      6 April 2023 concerning Organizational Structuring of the BNI Board of Directors and Directors' Decree No. KP/136/DIR/R
      dated 12 April 2023 concerning Organizational Arrangement of Head Office Divisions/Units/Functional Units.

      The Head of IAD is appointed and dismissed by the President Director after obtaining approval from the Board of
      Commissioners by considering the recommendations of the Audit Committee and reporting to the Financial Services
      Authority (FSA).


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DUTIES AND RESPONSIBILITIES OF                                          5. Preparing and reviewing the internal audit charter
THE INTERNAL AUDIT UNIT                                                    periodically;
The implementation of the internal audit function as                    6. Preparing the Annual Audit Plan and Annual
stipulated in the Financial Services Authority Regulation                  Consultation together with the President Director and
concerning the Implementation of the Internal Audit                        Board of Commissioners approved budget allocation
Function in Commercial Banks, is the responsibility of the                 by considering the Audit Committee recommendations
Board of Directors, The Board of Commissioners, and the                    and monitoring its implementation;
Audit Committee through the Internal Audit Unit with the                7. Reporting immediately any audit findings that are
following duties:                                                          thought may interfere with BNI’s business continuity to
1. Assisting the President Director and the Board of                       the President Director and the Board of Commissioners,
    Commissioners in conducting supervision by describing                  with copies to the Audit Committee and the director in
    the planning, implementation and monitoring of audit                   charge of the compliance function, as well as monitoring
    results in operational terms;                                          the follow-up;
2. Examining and assessing the efficiency and effectiveness             8. Carrying out follow-up monitoring of audit results as
    of finance, accounting, operations, human resources,                   well as periodically submitting a Pending Follow-up
    marketing, information technology and other activities                 Report on Audit Results to the President Director and
    through audits;                                                        the Board of Commissioners; and
3. Identifying all possibilities to improve and increase                9. Ensuring the use of external party services is only
    the efficiency of the use of resources and funds used;                 temporary in nature so as not to affect the independence
4. Providing recommendations for improvements and                          and objectivity of the IAD function, and is in accordance
    objective information on the examination results in                    with the BNI internal audit charter.
    the form of an Audit Report and submit the report to
    the President Director and the Board of Commissioners               AUTHORITY OF THE INTERNAL AUDIT UNIT
    with copies to the Audit Committee and the Director in              In order to the duties and responsibilities can run with
    charge of the Compliance function;                                  optimal results, the Internal Audit Unit is given the authority
5. Providing consulting services to BNI internally to                   to:
    add value and improve the quality of control, risk                  1. Have full, free and unlimited access to BNI records,
    management, and corporate governance as long as it                      information, employees, funds, assets, locations/areas,
    does not affect the independence and objectivity of the                 and other resources, including BNI’s subsidiaries/
    IAD, and adequate resources are available;                              affiliates/financial service institutions, relating to the
6. Carrying out follow-up monitoring of audit results as                    implementation of audits and consultation;
    well as periodically submit a Pending Follow-up Report              2. Conduct verification, interviews, confirmations,
    on Audit Results to the President Director and the Board                and other audit techniques with customers or other
    of Commissioners with copies to the Audit Committee,                    parties related to the implementation of audits and
    as well as the Director in charge of the Compliance                     consultations;
    function; and                                                       3. Communicate directly with the Board of Directors, the
7. Conducting an in-depth audit at the request of the Board                 Board of Commissioners and Audit Committee;
    of Directors and/or Commissioners, or as a follow-up                4. Conduct regular and incidental meetings with the Board
    to the general audit results of an object or event that                 of Directors, the Board of Commissioners and the Audit
    is suspected to contain indications of violation and/or                 Committee;
    fraud if necessary.                                                 5. Attend strategic meetings;
                                                                        6. Request assistance from other work units or use the
In addition, the Head of Internal Audit duties and                          services of external parties in conducting audits if
responsibilities are as follows:                                            deemed necessary; and
1. Ensuring the internal audit function is in accordance                7. Coordinate and build synergistic relationships with
   with the Internal Audit Function in Commercial Banks                     other assurance units/functions (compliance unit and
   and the Internal Audit Code of Ethics;                                   risk management) in order to obtain comprehensive
2. Allocating audit resources, determining the objectives,                  and optimal audit results.
   scope, and audit plans or schedules and techniques;
3. Determining strategies, methodologies, tools, audit                  INTERNAL AUDIT UNIT OBJECTIVITY
   approaches as well as implementation of quality control              Internal Audit Unit provisions govern the implementation
   in carrying out predetermined main tasks, including                  of audit assignments to maintain objectivity, and include:
   subsidiaries/affiliates/financial service institutions               1. It is regulated in the Code of Ethics that must be obeyed
   owned by BNI, relating to the implementation of audits                   by all auditors.
   and consultations;                                                   2. They are not allowed to be involved/conduct business/
4. Ensuring that IAD Auditors follow continuous                             operational activities, including:
   professional development and adequate training
   in their fields in order to keep abreast of company
   developments;


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         a. Having the authority and responsibility or being              b. Carry out audits in accordance with the Standards
             involved in/or conducting operational activities in             for the Bank’s Internal Audit Function and/or other
             BNI or its subsidiaries/affiliates/financial service            applicable audit standards; and
             institutions;                                                c. Improve competence continuously.
         b. Holding concurrent duties and positions for the
             implementation of operational activities BNI or its       AUDIT QUALITY CONTROL
             subsidiaries/affiliates/financial service institutions;   Audit quality control through the Quality Assurance and
             and                                                       Improvement Program (QAIP) is designed to evaluate the
         c. Being involved in making decisions on BNI                  conformity of Internal Audit activities with standards and the
             operational activities.                                   application of a code of ethics, including the development
      3. Does not have a relationship that creates a potential         of audit methodology and refinement of audit programs
         conflict of interest, such as:                                so that they comply with best practice and follow the
         a. Having a familial relationship with employees in           development of existing business processes. Quality control
             the auditee unit up to the second degree, both            over the implementation of the internal audit function is
             horizontally and vertically;                              carried out by external and internal parties.
         b. The auditor has been an employee in the auditee
             unit, both as a Head or Non-Head;                         In accordance with POJK No. 1/POJK.03/2019, quality control
         c. Is conducting an audit of an audit object where the        by external parties through a review of the implementation
             internal auditor was previously involved in providing     of the internal audit function is carried out at least once
             consulting services/other tasks regarding the object.     every 3 (three) years. A review of BNI's internal audit
      4. Not being involved in activities or having a relationship     function was carried out by PT RSM Indonesia Konsultan
         that will cause a conflict of interest                        in 2021 with the results:
      5. Regulated in the cooling-off period policy, including::       1. “In general, internal audit activities comply with the
         a. Reassignment of the auditor to the unit/auditee                provisions of OJK Regulation No.1/ POJK.03/2019
             where a potential conflict of interest can be given           concerning the Implementation of the Internal Audit
             at least after the audit of the auditee unit conducted        Function in Commercial Banks, as well as OJK
             1 (one) time and/or after a period of 1 (one) year            Regulation No. 38/ POJK.03/2016 and OJK Circular No.
             has passed; and                                               21/ SEOJK.03/2017 concerning Implementation of Risk
         b. Not allowed to audit an auditee 2 (two) times in a             Management in the Use of Information Technology by
             row as team leader.                                           Commercial Banks, particularly related to the Internal
                                                                           Audit Process”;
      In addition, Internal Audit Unit has a code of ethics that all   2. The effectiveness in using the Audit Management
      auditors must obey, as follows:                                      System (FAST) application for Application Controls
      1. Integrity                                                         and General Controls has been running well, where
          a. Carrying out their duties honestly, diligently, and           the application has become the catalyst for the digital-
              responsibly;                                                 based audit process.
          b. Complying with the law and making disclosures
              in accordance with the laws and regulations and          In addition, the implementation of the internal audit function
              the profession;                                          by internal parties in accordance with the International
          c. Not intentionally/consciously becoming involved in        Professional Practices Framework (IPPF) standards is carried
              prohibited/illegal activities, not taking actions that   out through:
              can damage Internal Audit’s credibility and internal     a. On going Monitoring (Continuous Monitoring)
              audit profession;                                            Continuous monitoring is carried out to ensure that the
          d. Supporting goals of BNI and Internal Audit Unit.              audit process for each assignment is effective, including
      2. Confidentiality                                                   ensuring that planning and reporting activities are
          a. Being careful in using and maintaining information            carried out in accordance with internal audit policies
              obtained in the execution of their duty; and                 and procedures.
          b. Not using information for the benefit of anyone and/      b. Periodic Self-Assessments:
              or in any way that would conflict with the law and/          Periodic assessments are carried out to evaluate
              or Company provisions.                                       comprehensive internal audit activities that focus on:
      3. Competency                                                        • Conformity with the Internal Audit Charter, IIA
          a. Carry out duties in accordance with their knowledge,              Definition of Internal Audit, Code of Ethics and
              skills and experience;                                           Standards.
                                                                           • Audit quality includes quality of supervision and
                                                                               compliance with internal audit methodology.
                                                                           • Infrastructure, including policies and procedures
                                                                               that support internal audit activities.




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AUDIT METHODOLOGY                                                        Financial Services Authority Regulations No. 1/POJK.03/2019
The Internal Audit Unit prepares an audit plan using a Risk              concerning the Internal Audit Function in Commercial
Based Audit approach, namely:                                            Banks and the prevailing professional audit standards, and
1. Preparation of Audit and Consultation Work Plans using                includes the IAD Vision and Mission, the IAD Structure and
   a Macro & Micro Assessment approach.                                  Position, the IAD Duties and Responsibilities, Authorities,
   a. Macro Assessment, of BNI's overall performance                     Code of Ethics, Independence and Objectivity, Objectives
       and risk indicators with the aim of identifying                   and Scope of Audit Activities, Auditor Requirements and
       certain themes/topics that will be the focus of the               Development, Audit Risk and Legal Protection to Head and
       audit with an orientation towards business process                Auditors, Audit Quality Control Program, IAD Integrated
       improvement, in line with BNI's General Policy of                 Governance Function, and IAD Relations with external
       the Board of Directors (KUD), considering BNI's Risk              auditors.
       Profile in accordance with the Risk Management
       Committee ( RMC), input or concerns from the Board                INTERNAL AUDIT WORK PROGRAM FOR 2023
       of Directors and Senior Management, conditions/                   In order to support the achievement of BNI's 2023 strategy,
       issues that occur in accordance with BNI business                 IAD has developed an initiative strategy outlined in the 2023
       developments.                                                     IAD Business Plan and work program in the 2023 Audit and
   b. Micro Assessment, a process of assessing the                       Consultation Plan, including:
       risk level of auditee units is carried out through                1. Strengthening the Internal Control System (SPI) to
       assessing the risk level based on predetermined                       identify and manage risks so that they are within
       risk parameters. Identify high risk audit objects to                  tolerance limits (risk appetite) and provide adequate
       determine audit priorities.                                           confidence in achieving company goals through:
2. Implementation of audits, to ensure the adequacy and                      a. Strengthening the Internal Control System (SPI) of
   effectiveness of risk management and internal control,                        Subsidiary through optimizing the Integrated SKAI
   supported by establishing an audit rating methodology                         function of Subsidiary Companies to support BNI
   for risk management and internal control. The rating                          Group Synergy, evaluating SPI of Subsidiary, and
   scales determined are satisfactory, good, needs                               carrying out audits of Subsidiary.
   improvement, and unsatisfactory as well as rating                         b. Strengthening the Internal Control System (SPI)
   assessment components for credit activities and non-                          of Foreign Offices to support the strengthening of
   credit/operational activities.The audit rating assessment                     international business networks, including through
   mechanism is automatically generated through the                              optimizing risk control of KLN business activities,
   Audit Monitoring System (FAST) from the level of                              evaluating KLN SPI, and supervising & coordinating
   significance per finding (low, medium, high, & critical).                     the implementation of KLN audits.
3. Audit reporting, including in the form of an Audit Results                c. Implementation of BNI Wide Internal Control System
   Report on the implementation of all audit activities and                      (SPI) evaluation.
   Audit Results Principles (PPHA) which are reported                    2. Business Process Improvement in the Corporate,
   quarterly to the Financial Services Authority (FSA).                      Commercial & SME, Consumer, Network & Services
                                                                             and Digital Business segments to support BNI's MAP
To support the optimization of its functions, the Internal                   strategy through carrying out activity audits.
Audit Unit has carried out initiatives to improve audit                  3. IAD Value Added Services to support the acceleration of
methodology and innovate the development of audit tools                      BNI's business strategy by increasing IAD's partnerships
as follows:                                                                  with units at BNI to encourage operational process
1. Digital capability in developing data processing systems/                 improvements through initiating operational process
    applications in the form of enhanced reports distributed                 improvements, monitoring monitoring of certain
    through the ASR application.                                             activities, and implementing Independent Reviews.
2. Improvements to the Audit Management System (FAST)                    4. Optimizing the Early Warning System (EWS) by
    in the form of enhanced Reports and Dashboards in the                    increasing the automation of the detection process
    FAST application.                                                        through enhanced Exception Report (ER) and Selected
3. Optimizing the Early Warning System by increasing the                     Report (SR) as well as limited reviews as a follow-up
    automation of the detection process through enhancing                    to the EWS which is part of the Surveillance function.
    the Exception Report (ER) and Selected Report (SR)                   5. Digital capability in developing data processing systems/
                                                                             applications in the form of enhanced reports distributed
INTERNAL AUDIT CHARTER                                                       to operational units in the ASR application, enhanced
(INTERNAL AUDIT CHARTER)                                                     Reports and Dashboards in the FAST application, and
In carrying out his duties, the Internal Audit guide Unit                    the use of outsourced IT Auditors.
duties are carried out based on the Internal Audit Charter               6. New model methodology and audit tools that are agile
that was signed by the President Director and the Board                      and flexible as well as strengthening programs and
of Commissioners. This charter was also stipulated in                        developing auditor competency in order to support
Board of Directors' Decree No. KP/139/DIR/R dated April                      the transformation of Human Capital, Culture and
14, 2021.The Internal Audit Charter is prepared based on the                 Operations.


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      7. Whistleblowing System (WBS) management is                               2. Optimizing surveillance analytics data for thematic/
         implemented to support the realization of good and                         activity audits, determining audit sampling that focuses
         professional corporate governance, including improving                     more on symptoms, and/or optimizing continuous
         processes to increase SLAs and improving criteria to                       auditing.
         identify problems with the quality of business processes                3. Optimizing consultative functions, including in the
         and leadership.                                                            form of Independent Reviews on the issuance of new
                                                                                    products/activities and reviewing and monitoring BNI
      Based on the results of a study of the Company's direction                    business projects/digital activities, reconciling digital
      in 2023, risk assessment, audit implementation priorities,                    transactions, fintech and cyber security.
      HR availability, and challenges that must be faced by IAD,                 4. Carry out audits of delivery channel units in accordance
      including the transformation of NWOW with an agile and                        with risk based audits.
      lean organization, as well as the trend of bank digitalization
      in meeting customer needs which leads to transaction-                      IAD AUDIT & CONSULTATION REALIZATION IN 2023
      based digital, then IAD determines the audit implementation                The 2023Audit and consulting realization reached 118,10%
      strategy for 2023, as follows:                                             of the target, with audit delivery channels, Division, KLN and
      1. Increase audits on one particular activity/issue that has               Subsidiaries audit realization reaching 95,3% , andThematic
          a strategic impact on the bank as well as activity audits              Audits, IT Activities, Non-IT Applications, IT Applications,
          with a focus on the development of follow-up audits of                 Independent Reviews, Consultation and Mandatory Audit
          previous activities and considering the development of                 reached 133.7%, as follows:
          the BNI NWOW organization, including strengthening
          Operational Risk (formation of a Senior Operation Risk
          Executive-SORX).

      REALISASI AUDIT 2023

             94%
                  116


            109

                                                                                                                                        Realization
                                                                                          123,3%                                        RAT Target
                                                                                         74

                                           141,7%                                             60           188,9%
                                           17                                                             17

                                                12
                                                                         150%                                  9
                             80%
                                                                         6
                               5                                                                                          150%
                          4                           100%                   4
                                                                                                                          3
                                                      2   2                                                                   2
                                                                                                                                           1


           Delivery          KLN        Mandatory    Division       Subsidiaries      Thematic/IT Independent Consultation            Surprise
           Channel                        Audit                                      activities incl. Review
                                                                                      Applications
                                                                                     IT and Non IT
      •    Apart from carrying out assignments according to RAT, IAD has carried out 38 Ad-Hoc Assignments, including:
           a. Assignment to review Debtor Write-Offs of 10 Corporate Debtors.
           b. Assignment of Corporate, Enterprise and Commercial Tax Arrears
           c. Assignment to review Enterprise Banking debtors for 7 groups (17 debtors).
           d. Additional Independent Review of 8 assignments (incl. 1 IR as Consultation realization – IR eCP Jalin)
           e. Additional Mandatory Audit (2 Assignments, ISO 303010:2019, ISO 9001 and SWIFT BNI Wide)
           f. Audit Subsidiaries (2 Assignments)
           g. BNI Event Consultation (2 Assignments)
           h. 1 KUR Surprise Audit Assignment
      •    During 2023, IAD will carry out 28 in-depth audits, of which 15 assignments carried out by the auditor general.




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COMPLETION OF FOLLOW-UP RESULTS
As part of the audit process/stages, after reporting the audit, the audit activity that must be carried out is 4 monitoring
the audit results. Monitoring activity is an activity to find out and ensure the implementation of follow-up audit results
including the completion of IAD Recommendations and Disposition of the Board of Directors, both by the auditee and
other related parties.

Every quarter, IAD submits the progress on the completion of follow-up audit results in the form of a Pending Report on
the Follow-Up of Audit Results to the Board of Directors and the Board of Commissioners through the Audit Committee
as an effort to encourage completion rates, evaluation materials and monitoring of BNI's performance.

The level of completion of follow-up to Audit Recommendations and Directors' Disposition on audit results is as follows:
                                 99,67 %                              99,71%                                99,63%
                              29.884
                                       29.786

                                                                                                      25.655
                                                                                                                   23.643


                                                                 16.976
                                                                            16.927




                                 Dec 2021                            Dec 2022                              Dec 2023

                              Total Maturity                              Finished                        Completion progress




Apart from monitoring IAD audit results, , IAD also monitors the follow-up to external party audit results. In connection
with the IAD function as a liaison for external parties (OJK, BI, BPK and KAP),During 2023, the follow-up on the external
audit results shown in the following table:

                                                                                                          Period to December 2023
 Audit
                                                                                              Finished                          In Progress
 Bank Indonesia (BI)                                                                   114                     16
 Indonesia Financial Services Authority (FSA)                                          1154                    14
 RI Financial Audit Board (BPK RI)                                                     330                     53
 Public Accounting Firm (KAP)                                                          16                      1


IAD HC COMPETENCY COMPOSITION AND DEVELOPMENT
IAD HC Personnel
The Internal Audit has 201 (two hundred and one) employees as shown in the following diagram:


                   Head of Internal Audit        1

                        Department Head                          7

                             Lead Auditor                                         12

             AVP Unit Supporting Audit                   4

                            Senior Auditor                                                                           47
            MGR Unit Supporting Audit                                                  14
                                  Auditor                                                                                                      96

          AMGR Unit Supporting Audit                                                            17
               Administration Assistant              3




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      IAD HC COMPETENCY DEVELOPMENT
      The Internal Audit Unit is committed to carrying out developing the auditors’ competencies and capabilities. To support
      competency development, IAD has establishes a minimum annual training/refreshment period policy, which all auditors
      are required to take part in a capability development program. The competency development carried out by IAD during
      2023, was as follows:

        Competency Development/Training
                                                                   Organizing Institution                         Implementation Time
        Materials
       Annual Training
       Annual Auditor Training                            BNI University (BNU)                        January 2023
       Online/Offline Workshop & Webinar
       Socialization of Coordinating Ministerial Decree
       No. 1 and No. 2 of 2023 regarding People's         BNI University (BNU)                        February 2023
       Business Credit (KUR)
       Fraud Awareness Series: It Will Happen to Me:
       Efforts to Develop Risk-Culture and Peer Review    BNI University (BNU)                        February 2023
       to Prevent Internal Fraud
       BNI Corpu Knowledge Supplement: "The
                                                          Internal Audit (IAD) &
       Importance of Good Records Management for                                                      March 2023
                                                          BNI University (BNU)
       BNI"
       Socialization regarding Consumer & Community
       Protection in the cfm Financial Services Sector.   Customer Experience Center (CXC)            November 2023
       POJK No.6/POJK.07/2022
       Credit Tools Training (SIMON & Customer
       Prima) with the theme "The Future of Artificial    BNI University (BNU)                        December 2023
       Intelligence"
       Credit Tools (CONNECT) training with the theme
                                                          BNI University (BNU)                        December 2023
       "Leadership in Network"
       Go Live Media Socialization of Incoming and
       Outgoing Letters on the e-Archive Application      Procurement Fixed & Assets (PFA)            December 2023
       (BEARS)
       Certification Training Program
       Risk Management Certification Maintenance
       Program (SMR) Qualification Level 4 (Equivalent    BNI University (BNU)                        December 2023
       to Level 1)
       Risk Management Certification Maintenance
       Program (SMR) Qualification Level 5 (Equivalent    BNI University (BNU)                        December 2023
       to Level 2)
       In-House Online Training
       Mandatory E-Learning:
       • Gratification Control & Anti-Bribery
         Management System
       • Anti Fraud Awareness
       • Anti-Money Laundering
                                                          BNI University (BNU)                        January – December 2023
       • Work Culture
       • Good Corporate Governance
       • Risk Culture
       • Sustainability Finance
       • Core Value AKHLAK
       Internal Sharing Session
       In addition to developing auditor competency above, IAD continues to increase auditor competency through internal sharing
       sessions to improve audit capabilities and accelerate auditor knowledge of the latest BNI business developments.
       Workshop Enhancement FAST                          IAD & BNU                                   January 2023
       Sharing Session: “Risk Management”                 IAD                                         February 2023
       Sharing Session with the theme:
       • Trade Finance
       • Audit of Procurement Activities
       • Digital Loan Audit and Digital Verification      IAD                                         February 2023
          & Prevention System for Consumer Credit
          Document Management
       • IT for non Delivery Channel
       Socialization of New Rating 2023                   IAD                                         February 2023
       Socialization of Re-Checking Audit Methodology     IAD                                         May 2023
       Socialization of NWOW IAD Implementation           IAD                                         June 2023
       Internal Audit Quality Month                       IAD                                         July 2023




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 Competency Development/Training
                                                               Organizing Institution                              Implementation Time
 Materials
IAD Literacy Month Sharing Session with the
theme:
• Critical Activities
• Anti-Money Laundering & Prevention of
   Deepening Terrorism (APU PPT)
• BNI Whistle Blowing System
                                                      IAD                                              December 2023
• Limited Tender Procurement
• Completeness of Audit Working Papers
• APK Fraud Analysis and Mitigation
• People's Business Credit (KUR) Awareness
• Lessons Learned BCM and Critical Inspection
   points
Konferensi
National Conference 2023 theme "The Future
Role of Internal Audit in the Financial Services      IAIB                                             July 2023
Industry"
IIA National Conference 2023 theme “Staying
                                                      IIA Indonesia                                    August 2023
Relevant”



INTERNAL AUDIT CERTIFICATION
IAD is committed to continuously improving auditor competency and knowledge, through continuous education and
training so they can attain adequate qualifications.The certifications obtained by IAD employees during 2023 are as follows:

National Certification                                                          International Certification
 National Certification                  Realization in 2023                     International Certification              Realization in 2023
 SMR 1                                                             26            CIA                                                                 2
 SMR 2                                                             73            CBA                                                                 2
 SMR 3                                                                8          CISA                                                                2
 SMR 4                                                                3          CFE                                                                 1
 CBIA 1                                                            52            CISM                                                                2
 CBIA 2                                                            54            CEPPM                                                               4
 CITPE                                                             12            CEH                                                                 4
 CA                                                                   7          CHFI                                                                6
 CREDIT SKILL OMEGA                                                   8          IT IL                                                              17
 COMPLIANCE 1 Lvl. Officer                                            2          CDSM                                                                3
 ISO 9001 : 2015                                                   10            CRISC                                                               1
 ISO 2001 : 2015                                                      1          CGEIT                                                               1
 ISO 37001 : 2016                                                  23
 ISO 30301 : 2019                                                     1
 Archiving Certification (ANRI)                                       1


PARTICIPATION IN THE INTERNAL AUDIT UNIT PROFESSIONAL ASSOCIATION
In order to broaden the insight and professional competence of internal auditors, Internal Audit Unit Auditors have
participated in Internal Audit professional associations, including:

                                                                                                            Scope of
                                                                      Name of Association/                                          Membership
 Name                                   Position                                                          Association/
                                                                         Organization                                                 Roles
                                                                                                          Organization
                                                               Bank Internal Auditor Association                                Chairman of the
 Anang Basuki                Internal Audit Head                                                       National
                                                               (IAIB)                                                           Supervisory Board
                             Audit & Surveillance              Information Systems Audit and           ISACA Indonesia
 M. Irfan Maulana                                                                                                               Marketing Director
                             Department Head                   Control Association (ISACA)             Chapter
                             Network & Retail Audit            Bank Internal Auditor Association                                Head of Research &
 Laksmi Sofiatin                                                                                       National
                             Department Head                   (IAIB)                                                           Development
                             Internal Audit Head
 Anang Basuki                                                  The Institute of Internal Auditors
                             Lead Auditor Digital Retail                                               International            Member
 Dias Puspita                                                  (IIA) Indonesia
                             Audit
                             Corporate Function
                                                               Association of Certified Fraud
 Imam Wibowo Sakti           & Subsidiaries Audit                                                      International            Member
                                                               Examiner (ACFE)
                             Department Head

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      MEETINGS WITH THE BOARD OF COMMISSIONERS, DIRECTORS AND AUDIT COMMITTEE
      Throughout 2023, the Internal Audit Unit held 33 (thirty three) meetings with the agenda and attendance level for each
      member of the Internal Audit Unit as follows:

        No.         Meeting Date                                      Meeting Agenda                                              Information
        1       January 19, 2023       Individual BNI Health Level Self Assessment Results as of December 31, 2022         Board of Commissioners
                                       Evaluation of the Internal Audit Function Period Smt. II/2022:
                                       • Realization of RAT Internal Audit
                                       • Evaluation of the main points of the audit results
        2       24 Januari 2023                                                                                            Komite Audit
                                       • Follow-up on Internal Audit and External Auditor Examinations
                                       • Whistle Blowing System (WBS) Management
                                       • Evaluation of the FAST Application
        3       January 26, 2023       Approval of BNI DPLK Risk Management Policy                                         Board of Commissioners
                                       Progress on Review Results of BNI's Proposed Risk Appetite Statement (RAS)          Risk Monitoring
        4       January 31, 2023
                                       for 2023                                                                            Committee
                                                                                                                           •   Integrated Governance
        5       February 7, 2023       Discussion of General Internal Control System Policy (KU SPI)                           Committee
                                                                                                                           •   Board of Directors
                                       •   Evaluation of Integrated Risk Profile and Integrated KPMR of Smt. II/2022
                                       •   Evaluation of Self-Assessment Results on Integrated Governance for the
                                                                                                                           •   Integrated Governance
                                           Smt period. II/2022
        6       February 7, 2023                                                                                               Committee
                                       •   Evaluation of the Implementation of Integrated Compliance and APU PPT
                                                                                                                           •   Board of Directors
                                           Functions of Smt. II/2022
                                       •   Evaluation of the Effectiveness of Anti-Fraud Strategies and Subsidiary WBS
        7       February 28, 2023      Discussion of Delivery Channel Audit Rating Updates for 2023                        Audit Committee
                                       •   Evaluation of the Effectiveness of the Integrated Internal Control System
                                           (SPI) of Smt. II/2022
                                                                                                                           Integrated Governance
                                       •   Evaluation of the Effectiveness of the Integrated Audit Work Unit of Smt.
        8       March 21, 2023                                                                                             Committee
                                           II/2022
                                                                                                                           Board of Directors
                                       •   Improving the Quality & Number of Auditors in Subsidiary
                                       •   Internal Audit Results of Subsidiary and Follow-Up
        9       April 6, 2023          Review of General Internal Control System Policy (KU SPI)                           Board of Commissioners
                                       Evaluation of Internal Audit Function Period QI/2023:
                                       • Realization of RAT Internal Audit
        10      April 11, 2023         • Evaluation of the main points of the audit results                                Audit Committee
                                       • Follow-up on Internal Audit and External Auditor Examinations
                                       • Whistle Blowing System (WBS) Management
        11      April 18 2023          Annual Audit and Consultation Plan (RAT) 2023                                       Audit Committee
                                       1. SDV presentation regarding:
                                          • Executive summary of financial performance of all Subsidiary Q I/2023
                                          • Latest issues in all Subsidiary
                                       2. Presentation by SDV and TKT Committee Members/Commissioners from                 •   Integrated Governance
        12      May 16, 2023              Bank Mayora and BNIMF regarding:                                                     Committee
                                          • Deepening of the financial achievements and performance of Bank                •   Board of Directors
                                             Mayora and BNIMF, including synergies with the Main Entity and
                                             between Subsidiary QI/2023
                                          • Progress of transformation of BNIMF and Bank Mayora
                                       Preparation for the Audit Committee Visit to DC and DRC and Presentation of
        13      May 23, 2023           Concern/Audit Results on Technology & Information and the Adequacy of BNI           Audit Committee
                                       Cyber Security.
                                       SDV presentation with TKT Committee Members/Commissioners from BNI
                                       Sekuritas (BNIS) and BNI Asset Management (BNIAM) regarding:
                                                                                                                           •   Integrated Governance
                                       • Brief Highlights of Financial Performance of BNI Subsidiary Smt. I/2023
        14      July 18, 2023                                                                                                  Committee
                                       • Deepening into Financial Achievements and Compliance, Audit, and Risk
                                                                                                                           •   Board of Directors
                                          Issues at BNIS, BNIAM, and BNI Securities Pte Ltd (including BNI, BNIS,
                                          BNIAM, & BSPL Synergy)
                                       Evaluation of the Internal Audit Function Period Smt. I/2023:
                                       • Realization of RAT Internal Audit
        15      July 25 2023           • Main Audit Results                                                                Audit Committee
                                       • Follow-up Process for Internal Audit and External Auditor Examinations
                                       • Whistle Blowing System (WBS) Management
                                       End to End BNI Move Application, Implementation and Evaluation of
        16      August 1, 2023                                                                                             Audit Committee
                                       Implementation
                                       Continued Debtor Discussion in the Commercial Banking Segment for SBK               •   Board of
        17      August 3, 2023         Jakarta, SBK Jakarta Pondok Indah, SBK Jakarta Kota, SBK Tangerang, SBK                 Commissioners
                                       Jakarta Jatinegara, SBK Bekasi, and SBK Solo                                        •   Board of Directors



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 No.        Meeting Date                                          Meeting Agenda                                                 Information
                                  •   Evaluation of Integrated Risk Profile and Integrated KPMR of Smt. I/2023
                                                                                                                      •    Integrated Governance
                                  •   Evaluation of Self-Assessment Results on Integrated Governance for the
 18      August 8, 2023                                                                                                    Committee
                                      Smt I/2023
                                                                                                                      •    Board of Directors
                                  •   Evaluation of the Integrated Compliance Function of Smt. I/2023
                                  Consultation on the Plan to Write Off Credit Book with a limit above IDR 200
                                                                                                                      •    Board of
                                  billion in the name of:
 19      August 10, 2023                                                                                                   Commissioners
                                  • PT Erakomp Infonusa
                                                                                                                      •    Board of Directors
                                  • PT Hong Kong Kingland
 20      August 16, 2023          BNI DPLK Risk Management Accountability Report Smt. I/2023                          Board of Commissioners
                                  Continued Debtor Discussion in the Commercial Banking Segment for Jakarta           •    Board of
 21      September 9, 2023        Pondok Indah SBK, Jakarta Kota SBK, Tangerang SBK, Jakarta Jatinegara SBK,               Commissioners
                                  Bekasi SBK, and Solo SBK.                                                           •    Board of Directors
                                  •   Evaluation of the Effectiveness of the Integrated Internal Control System
                                      (SPI) of Smt. I/2023
                                  •   Evaluation of the Effectiveness of the Integrated Audit Work Unit of Smt.
                                                                                                                      •    Integrated Governance
                                      I/2023
 22      September 12, 2023                                                                                                Committee
                                  •   Improving the Quality & Number of Auditors in Subsidiary
                                                                                                                      •    Board of Directors
                                  •   Internal Audit Results of Subsidiary and Follow-Up
                                  •   Evaluation of the Effectiveness of Implementing the Anti Fraud and Whistle
                                      Blowing System (WBS) in the BNI Financial Conglomerate
 23      September 12, 2023       Updating the Internal Audit Charter                                                 Audit Committee
                                  •   Request for BOC approval for the 2023 Internal Audit Charter Updating
                                  •   Discussion on Evaluation of Anti-Fraud Strategy, Whistle Blowing System
                                      (WBS), and Significant Fraud Reports to OJK                                     •    Board of
 24      October 5, 2023          •   Evaluation of the Implementation of Consumer and Community Protection                Commissioners
                                      in the Financial Services Sector at BNI in accordance with POJK No 6/           •    Board of Directors
                                      POJK.07/2022 concerning Consumer and Community Protection in the
                                      Financial Services Sector
                                  Consultation on the Plan to Write Off Credit Book with a limit above IDR 200
                                                                                                                      •    Board of
                                  billion in the name of:
 25      October 12, 2023                                                                                                  Commissioners
                                  • Sinar Horizon Plastik
                                                                                                                      •    Board of Directors
                                  • PT Bumi Banua Sinergi
                                                                                                                      •    Risk Monitoring
 26      October 17, 2023         Evaluation of BNI Wide and Regional LaR up to September 2023 Position                    Committee
                                                                                                                      •    Board of Directors
                                                                                                                      •    Integrated Governance
                                                                                                                           Committee
 27      October 24, 2023         Evaluation of the 2023 Integrated Governance Guidelines                             •    Vice President
                                                                                                                           Commissioner
                                                                                                                      •    Board of Directors
                                  Evaluation of Internal Audit Function Period Qw. III/2023::
                                  • Realization of RAT Internal Audit                                                 •    Board of
 28      October 31, 2023         • Highlights of Audit Results (including In-depth Reports and/or case/fraud)             Commissioners
                                  • Progress of Follow-up Examination of Internal Audit and External Auditor          •    Board of Directors
                                  • Whistle Blowing System (WBS) Management
                                                                                                                      •    Board of
 29      November 2, 2023         Finalization of Commercial Banking Segment Debtor Discussion                             Commissioners
                                                                                                                      •    Board of Directors
                                                                                                                      •    Board of
                                  Finalization of Commercial Banking Segment Debtor Discussion (CMC Jakarta
 30      November 9, 2023                                                                                                  Commissioners
                                  Kota and CMC Jakarta Jatinegara)
                                                                                                                      •    Board of Directors
                                  •   Consultation and Plan to Write Off Credit Book with Limit above IDR 200
                                                                                                                      •    Board of
                                      billion on behalf of Sari Indah Perkasa
 31      November 30,, 2023                                                                                                Commissioners
                                  •   Discussion of Plan to Write Off Book on behalf of PT Fajar Berseri and PT
                                                                                                                      •    Board of Directors
                                      Menggala Berseri
                                                                                                                      •    Board of
                                  Evaluation of BNI's Internal Control System (Including the Effectiveness of
 32      December 14, 2023                                                                                                 Commissioners
                                  BNI's Internal Audit)
                                                                                                                      •    Board of Directors
                                  Discussion of Requests for Board of Commissioners Meeting Minutes for 2022          •    Board of
 33      December 28, 2023        from the BPK in the Context of Compliance Audits for Credit Management,                  Commissioners
                                  Investment Activities and Operations in 2022                                        •    Board of Directors


The frequency and level of attendance of Internal Audit meetings are as follows:

 Number of Mandatory Meetings                                   Total Attendance                                  % Attendance
                            33                                            33                                              100%



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          2023                 Management                 Company               Management Discussion and          Business Support
      Performance                Report                    Profile            Analysis on Company Performance         Functions




      INTERN AUDIT IMPLEMENTATION GUIDELINES                           SKAIT duties and responsibilities stipulated in the TKT
      In carrying out its duties, the Internal Audit Unit guides       guidelines are as follows:
      OJK Regulations No. 1/POJK.03/2019 concerning the                1. Evaluating and providing input on the adequacy of
      Implementation of the Internal Audit Function in Commercial         the Subsidiary’s SKAI audit methodology, policies and
      Banks that has been stated in the Internal Audit Charter.           procedures in accordance with the size, characteristics
                                                                          and complexity of the subsidiary, both at the stages
      Meanwhile, in carrying out IT Audits, IAD refers to                 of audit planning, audit implementation, reporting of
      OJK Regulations No. 11/POJK.03/2022 concerning                      audit results and monitoring of follow-up completion;
      Implementation of InformationTechnology by Commercial            2. Submitting a report on the main results of the integrated
      Banks, and SEOJK No. 21/SEOJK.03/2017 concerning                    audit to the Main Entity’s President Director and the
      Application of Risk Management for the Use of Information           Board of Commissioners with a copy to the Director
      Technology by Commercial Banks.                                     in charge of the Main Entity’s Compliance Function;
                                                                       3. Monitoring the follow-up of internal audit results in
      Apart from provisions by regulators, Internal Audit                 an integrated manner and report the results to the
      guidelines are adapted to IPPF International Standards              President Director and the Board of Commissioners
      (International Professional Practices Framework) to ensure          of the Main Entity with a copy to the Director in charge
      the implementation of effective and comprehensive audits            of the Main Entity’s Compliance Function;
      so that they can provide added value for the bank and can        4. Submitting the integrated internal audit report to the
      mitigate the risks faced by the bank.                               President Director, the Director appointed to carry
                                                                          out the supervisory function of LJK in the Financial
      INTEGRATED INTERNAL AUDIT                                           Conglomerate and the Main Entity’s Board of
      WORK UNIT (SKAIT)                                                   Commissioners as well as the Director in charge of
                                                                          the Main Entity’s Compliance Function;
      In order to implement the Integrated SKAI function as stated     5. Monitoring and follow-up on recommendations from
      in POJK No. 1/POJK.03/2019 concerning Implementation                the Integrated Governance Committee;
      of the Internal Audit Function for Commercial Banks and          6. Third line IAD in theThree Lines Model ensures internal
      POJK No. 18/POJK.03/2014 dated 18 November 2014 and                 control in each line in the BNI Financial Conglomerate, by
      Circular Letter no. 15/SEOJK.03/2015 dated 25 May 2015              conducting audits and consulting with subsidiaries. IAD
      concerning the Implementation of Integrated Governance              can conduct audits and consultations on Subsidiaries
      for Financial Conglomerates, the implementation of the              without requiring prior approval from the Subsidiaries’
      duties and responsibilities of Integrated Internal Audit has        Board of Commissioners;
      been carried out by the Integrated SKAI.                         7. IAD carries out internal supervision over all areas,
                                                                          operational and business activities as well as
      Furthermore, in supporting the BNI Financial Conglomeration         coordinates with the internal control function in the
      so that it grows healthily, prudently, sustainably and has          Subsidiaries.
      high competitiveness, BNI as the Main Entity has formed a
      commitment between the Internal Audit Unit (IAD) and SKAI        To carry out these duties and responsibilities, including
      of Subsidiary. Through this commitment, it is hoped that         developing audit quality, the Subsidiary’s IAD and SKAI
      the Integrated Internal Audit function can be implemented        integrate the internal audit function with a scope that
      and the quality of its development can be monitored so           includes:
      that it can ensure that the implementation of the internal
      control function is effective in all operational activities of   Integrated Audit Methodology
      Subsidiary at all levels of management.                          IAD with the Subsidiaries’ SKAI conducts alignment/
                                                                       evaluation according to the size, characteristics, and
      IAD carries out assurance and consultation functions             complexity of the subsidiary, including, risk-based audit
      independently and objectively and integrates with the            methodology as well as audit policies and procedures of
      SKAI of Subsidiary Companies, to provide added value in          each Subsidiary, through:
      increasing the effectiveness of risk management, control         1. IAD coordinating the alignment of the risk-based audit
      and governance processes. In connection with its role as             methodology used by the Subsidiary SKAI;
      SKAIT, IAD has routinely established communication and           2. IAD providing input on the adequacy of Subsidiary
      coordination with the Subsidiary Company's Internal Audit            Company Audit Policy and SOP.
      Work Unit, including through joint communication forums,
      implementing audit methodology knowledge sharing and
      integration of audit planning, implementation and reporting
      to support the implementation of Integrated Governance
      (TKT) for BNI financial conglomerate.




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Integrated Audit Planning                                                 Integrated Audit Work Unit Activities Realization
IAD with the Subsidiary’s SKAI prepare an Integrated Annual               During 2023 IAD together with SKAI Subsidiaries have
Audit planning with the following mechanisms                              realized the following Integrated Audit Activities:
1. IAD input on the annual audit plan prepared by the                     1. Organizing integrated auditor training with material
    Subsidiary SKAI;                                                          for all Subsidiary IAD and SKAI auditors, namely
2. Information concerning the Subsidiary SKAI audit                           Investigation and Confirmation Techniques.
    results to be used by IAD as evaluation material in                       Apart from that, it also specifically provides training
    preparing an integrated audit plan;                                       related to procurement activities (consisting of IT
3. IAD consolidates the integrated annual audit plan and                      Procurement, Premises Procurement, Asset Maintenance
    submits it to the President Director and the Board of                     and Optimization, Self Estimated Prices, Subsidiary
    Commissioners of the Main Entity.                                         Company business audits (consisting of Investment
                                                                              Banking Activities, Equity Brokerage Activities, Bond
Implementation of Integrated Audits                                           Brokerage Activities, Settlement Activities Product,
The integrated audit can be carried out using the following                   Compliance Activities, Investment Banking and
mechanism:                                                                    Brokerage Activities, Investment & Product Research
1. Audits are carried out individually;                                       Activities, Asset Management Product Development
2. Joint Audit.                                                               & Management Activities, Operational Activities &
                                                                              AccountingTreatment of Asset Management Products),
Integrated Auditor Competency Development                                     consumer business cluster training (consisting of Digital
IAD with BNI Subsidiary Internal Audit conducts auditor                       Loan (Fintech) Credit Product Development Non CC
development through the following mechanisms:                                 Consumer, Digital Verification System), IT training
1. IAD includes Subsidiary SKAI in joint training held by                     (consisting of BNI IT Observations, IT Observations
    BNI’s Internal Audit.                                                     from Cyber, Container Cloud & Cloud Computing and
2. IAD and SKAI of Subsidiaries carry out joint workshops.                    MRTI POJK 11/POJK.03/2022), palm oil industry training,
3. Subsidiary IAD and SKAI provide auditor internship                         food and beverage industry training, as well as chemical
    opportunities at the Subsidiary Company as well as at                     industry training.
    BNI’s Internal Audit.                                                 2. Conduct a join audit with SKAI BNI Life, Hibank and
                                                                              BNI Asset Management.
Integrated Audit Results Reporting                                        3. Preparing the Internal Control System (SPI) Assessment
1. Subsidiary Internal Audit submits reports on the                           Methodology for Subsidiaries and Carrying out the
    internal audit function to BNI Internal Audit through                     Evaluation by Self Assessment in each Subsidiary every
    an integrated internal audit communication forum on a                     semester.
    quarterly basis.The report contains at least the following            4. Conducting Integrated Audit Work Unit communication
    information:                                                              forums which are held consistently every quarter,
    a. Subsidiary Company’s Annual and Periodic Internal                      namely Quarter I in April 2023, Quarter II in July 2023,
        Audit Plan;                                                           Quarter III in October 2023, and Quarter IV in January
    b. Realization of Subsidiary Internal Audit                               2024, which among other things discusses:
        implementation;                                                       a. Realization of Subsidiary SKAI Audit Work Plan.
    c. Main audit results of Internal Audit of Subsidiaries                   b. Highlights of SKAI Audit Results SKAI Subsidiary.
        and External Audit of Subsidiaries;                                   c. Progress of Follow-up on Subsidiary Company SKAI
    d. Follow-up on the completion of audit results by                            Audit Results, IAD, and External Audits (OJK, BPK
        Internal Audit of Subsidiaries, BNI Internal Audit,                       RI, etc.).
        and External Subsidiaries;                                            d. Monitoring Maturity Profile SKAI of Subsidiary
    e. Subsidiaries Internal Audit Maturity Profile.                              Companies dhi. organization, fulfillment of the
2. IAD submits an Integrated Internal Audit Report                                number of formations and capabilities (certification/
    containing information related to the main integrated                         training) of auditors, completeness of enablers,
    internal audit report and the follow- up of the integrated                    output and SKAI development plans for Subsidiary
    internal audit results, with the reporting time as follows:                   Companies.
    a. Reports are submitted quarterly to the Director                        e. Discussion of the results of the Self Assessment
        appointed to carry out the supervisory function of                        evaluation of the Subsidiary Internal Control System.
        Subsidiaries in the Financial Conglomerate, and                       f. Discussion of follow-up to the Suggestions and
        the Director in charge of the compliance function                         Opinions of the BNI Board of Commissioners
        in the Main Entity; and                                                   regarding Subsidiary.
    b. Reports are submitted to the Main Entity Board of
        Commissioners every semester.




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      Apart from that, IAD, in order to carry out its duties as an Integrated SKAI, also periodically reviews the Integrated
      Governance Guidelines and every semester evaluates the Structure, Process and Results of Integrated Governance to
      assess the Governance Structure, Governance Process and Governance Outcomes of the Integrated Audit Work Unit.

      COMPLIANCE FUNCTION

      As a financial institution, BNI operates by prioritizing the principle of trust as its main foundation. In order to grow in
      a healthily and sustainable manner, BNI also needs a strong good corporate governance foundation is required and
      consistent application of prudential banking principles, one of which is through the Bank’s compliance. BNI has targeted
      one of its goals in the sixth mission statement, namely “Becoming the Reference for the Implementation of Compliance
      and Good Corporate Governance for Industry”.

      Based on this mission, the implementation of compliance is not only to fulfill regulatory compliance but is also an
      organizational must. Thus, compliance must be built into an internalized and organized culture.



      COMPLIANCE WORK UNIT ORGANIZATIONAL STRUCTURE
      BNI appointed a Director who is responsible for the compliance function and established a Compliance Division to
      implement this function. Apart from that, the BNI Board of Commissioners is also actively involved in supervising the
      implementation of compliance within the bank. As for the organizational structure of the cfm Compliance Work Unit,
      Board of Directors' Decree No. KP/136/DIR/R dated April 12, 2023 is as follows:


                                                                                 Compliance Division



                                                                         Overseas Branches
                                                                                                          Anti Money
                         Compliance                Compliance              & Subsidiaries                                          GCG & Compliance
                                                                                                     Laundering & Counter
                    Assurance & Advisory      Assurance & Advisory      Compliance Advisory                                          Management
                                                                                                      Terrorism Financing
                        1 Department              2 Department             & Supervision                                             Department
                                                                                                    (AML CTF) Department
                                                                            Department

                                                                               Overseas
                        Compliance                 Compliance                  Branches                    AML CTF                       GCG &
                                                                             & Subsidiaries
                        Assurance &                Assurance &                                           Development &                 Compliance
                                                                           Compliance Advisory
                         Advisory 1                  Advisory                & Supervision
                                                                                                          Supervision                  Management




                                                                                                            AML CTF                      Regional
                                                                                                           Transaction                  Compliance
                                                                                                            Analysis                      Officer




      ACTIVE SUPERVISION OF THE BOARD OF                                              Either directly or through the Committees under them, the
      COMMISSIONERS COMPLIANCE FUNCTION                                               Board of Commissioners actively supervises and provides
      The Board of Commissioners active supervisory function                          suggestions for improvements through meetings or through
      as well as compliance with POJK related to Compliance                           periodic reports, such as:
      Function Implementation in Commercial Banks is carried                          1. Regular Board of Commissioners meetings with the
      out by:                                                                             Director in charge of the Compliance function;
      1. Evaluating the implementation of the Bank’s compliance                       2. Periodic meetings of the Committees under the Board
         function at least 2 (two) times a year;                                          of Commissioners (Audit Committee, Risk Monitoring
      2. Providing suggestions to improve the implementation                              Committee, and/or Integrated Governance Committee)
         of the Bank’s compliance function quality.                                       with the Director in charge of the compliance function
                                                                                          and/or the Compliance Division;




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3. Periodic reports submitted include Corporate Governance                1. Formulating strategies to encourage the creation of a
   Self-Assessment Report, Integrated Governance Self-                       compliance culture;
   Assessment Report, Compliance Report, Integrated                       2. Proposing compliance policies or compliance principles
   Governance, Compliance Reports, Reports on the                            to be approved by the Board of Directors;
   Implementation of Integrated Compliance Functions,                     3. Establishing compliance systems and procedures to
   and Reports related to the Implementation of the Anti-                    formulate the Bank’s internal provisions and guidelines;
   Money Laundering Program for Prevention of Terrorism                   4. Ensuring all policies, regulations, systems and
   Financing and Prevention of Funding for the Proliferation                 procedures as well as the Bank’s business activities
   of Weapons of Mass Destruction (APU PPT and PPPSPM).                      are in accordance with the provisions of the Financial
                                                                             Services Authority, Bank Indonesia and the prevailing
DIRECTOR IN CHARGE OF                                                        laws and regulations;
COMPLIANCE FUNCTION                                                       5. Minimizing the Bank’s Compliance Risk;
The director in charge of the compliance function at BNI is               6. Taking preventive measures so that the policies and/or
currently Mucharom as BNI Human Capital & Compliance                         decisions made by the Bank’s Board of Directors do not
Director.The appointment and implementation of the Director                  deviate from the provisions of the Financial Services
in charge of the compliance function duties is carried out                   Authority, BI and the prevailing laws and regulations;
based on the applicable regulations, in particular the                    7. Performing other duties related to Compliance
provisions concerning the Implementation of the Compliance                   Function,such as monitoring and maintaining the
Function, General Provisions, the Provisions for the Fit and                 Bank’s compliance with the commitments made by
ProperTest, as well as the provisions for the Use of Expatriate              the Bank to the Financial Services Authority, BI and
Employees in the Banking Sector, that regulate:                              other supervisory authorities;
1. Must obtain approval from Financial Services Authority                 8. In addition to the above duties and responsibilities,
    (FSA) before carrying out duties and functions in their                  in order to implement the integrated compliance
    position.Through the Financial Services Authority letter                 function, the Director in charge of the compliance
    No. SR-3/PB.12/2023 dated January 4, 2023, the Financial                 function has duties to direct, monitor and evaluate
    Services Authority approved the appointment of Mr.                       the implementation of the Integrated Compliance
    Mucharom as Human Capital & Compliance Director;                         function as well as follow up on directions or advice
2. Must fulfill independence requirements, namely not                        from the Board of Commissioners of the Main Entity
    having financial, management, share ownership and/or                     or the Integrated Governance Committee in order to
    familial relations up to the second degree with members                  improve Integrated Compliance Function.
    of the Board of Commissioners, the Board of Directors
    and/or Controlling Shareholders or relationship with the              COMPLIANCE WORK UNIT
    Bank that may affect their ability to act independently;              The duties of implementing the compliance function
3. Must have adequate integrity and knowledge regarding                   is carried out by the Compliance Division, which is a
    banking regulations and prevailing laws and regulations;              work entity that operates independently and has direct
4. Are prohibited from appointing or using expatriate                     responsibility to the Director in charge of the compliance
    employees;                                                            function. Furthermore, the Compliance Division is also
5. Does not hold concurrent positions as President Director               designated as an Integrated Compliance Work Unit.
    and/or Vice President Director;
6. Not in charge of the following functions: operational                  To implement the provisions contained in OJK Regulation
    business, risk management that makes decisions                        no. 18/POJK.03/2014 concerning the Implementation of
    on banking activities, treasury, finance, accounting,                 Integrated Governance for Financial Conglomerates, the
    logistics, procurement, information technology and                    Compliance Division as the Integrated Compliance Work
    internal audit.                                                       Unit (SKKT), BNI has carried out its duties in monitoring
                                                                          and evaluating the implementation of compliance functions
Based on the applicable BNI organizational structure, the                 in various Subsidiaries, including:"
BNI Human Capital & Compliance Director oversees the                      1. Realizing the implementation of a culture of compliance
following organizations:                                                      at all organizational levels and activities in each
1. Compliance Division;                                                       Subsidiary Company;
2. Legal Division;                                                        2. Manage Compliance Risks faced by each Subsidiary;
3. Human Capital Strategy Division;                                       3. Ensure that the policies, provisions, systems and
4. Human Capital Services Division;                                           procedures as well as business activities carried out
5. Human Capital Business Partner;                                            by each Subsidiary Company are in accordance with
6. BNI University;                                                            Regulatory provisions (including OJK, Bank Indonesia,
7. Policy Governance Division.                                                Ministry of Finance, etc.) and applicable laws and
                                                                              regulations including Sharia Principles for Subsidiary
Overall, the duties and responsibilities of the Director in                   Companies that implement Sharia Principles; And
charge of the compliance function include:



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      4. Ensure compliance of each Subsidiary Company with the commitments made by the Subsidiary Company to the
         OJK, Bank Indonesia and/or other competent supervisory authorities.
      5. Ensure the implementation of compliance functions as well as the implementation of Anti-Money Laundering and
         Prevention of Terrorism Financing and Prevention of Funding for the Proliferation of Weapons of Mass Destruction
         (APU PPT and PPPSPM) that apply in each Subsidiary.

      HEAD OF COMPLIANCE WORK UNIT PROFILE

                               Suryo Utomo                                                                 Ikhsan Azman
                         Head of Compliance Division                                              Head of Compliance Division
                       (August 22, 2019 – July 19, 2023)                                            (July 20, 2023-present)
        Indonesian citizen, 52 years old. Holds a Bachelor’s degree              Indonesian citizen, 54 years old. Obtained a Bachelor's degree
        in Economy and Accountant from the Faculty of Economy,                   in Economics and Accounting at the Faculty of Economics,
        Department of Accounting, Universitas Airlangga in 1995,                 Department of Accounting, Andalas University in 1993, and
        and obtained a Master’s degree in Accounting Science at the              obtained a Master's degree in Agribusiness Management at the
        Postgraduate Faculty of Universitas Diponegoro in 2009. Served           Bogor Agricultural Institute Postgraduate in 2004. Leading the
        as Head of Compliance Division since August 22, 2019 to July 19,         Compliance Division since 20 July 2023 until now. Previously
        2023. Previously served as Vice President of Internal Audit Unit         served as Vice President in the Internal Audit Unit and Division
        and Deputy Head of Surabaya Regional Office.                             Head in the Policy Governance Division.

      For determining and setting the Head of Compliance Division, management always pays attention to the following
      minimum requirements:
      1. Fulfills independence requirements;
      2. Masters banking regulations and applicable laws and regulations;
      3. Is not carrying out other duties outside the compliance function;
      4. Has a high commitment to implementing and developing a compliance culture.

      HEAD OF COMPLIANCE WORK UNIT DEVELOPMENT

        Competency Development/Training
                                                                Implementation Time                           Organizing Institution
        Materials
        Suryo Utomo
        Head of Compliance Division is a resource person for BNI's internal environment, as follows:
                                                           February 25, 2023
                                                           March 04, 2023
        Workshop Leadership Series & Operational Risk
                                                           March 18, 2023                      BNI
        Awareness
                                                           April 01, 2023
                                                           May 13, 2023
        Brevet Branch Management 2023                      April 30, 2023                      BNI
                                                           October 21, 2023
        Culture Transformation Workshop Tahun 2023 –
                                                           November 11, 2023                   BNI
        Risk Culture
                                                           December 02, 2023
        Workshop Optimalisasi New Periskop &               July 21, 2023
                                                                                               BNI
        Implementasi NWOW ORIC                             September 21, 2023


        Competency Development/Training
                                                             Implementation Time                            Organizing Institution
        Materials
        Ikhsan Azman
        The Head of the Compliance Division was the resource person, as follows:
                                                         November 11, 2023
        Socialization of Culture Transformation                                             BNI
                                                         December 9, 2023
        Compliance Management in BUMN Banks              September 27, 2023                 KBUMN
        In House Training:
        Agile & Business Transformation Soft Skills
        Training by Better & Co. and Amazing
        Learning Experience by Mindset Indonesia,        September 1-2, 2023                Better & Co.
        in implementing the Enhancement Skill for
        Compliance Officer (ESCO)
        Public Training:
        Seminar and Masterclass GRC Summit 2023          August 24-25, 2023                 CRMS
        Level C-1 Employee Development Program in
                                                         December 13-14, 2023               PPM Management
        2023



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COMPLIANCE WORK UNIT DUTIES AND RESPONSIBILITIES
The duties and responsibilities of the Compliance Division are divided into the following functions:
1. Implementing the Compliance Function;
2. Responsible for the Implementation of the AML-CFT and PPPSPM Programs;
3. Function Executive responsible for the Implementation of Good Corporate Governance;
4. Implementing Integrated Compliance Functions; and
5. Implementing Gratification and Anti-Bribery Control.

COMPLIANCE WORK UNIT COMPETENCY DEVELOPMENT
To develop the Compliance Division as a strategic partner for each line of the organization, the Compliance employees
continuously enhance their competencies by participating in certification/seminars/workshops/ training, such as:

 Competency Development/Training Materials                                    Implementation Time                   Organizing Institution
 Certification:
 Brevet Credit Application Package (CAP)                                 February 13 to March 07, 2023       BNI
 In House Online Training:
 Training Soft Skill Agile & Business Transformation                     September 1-2, 2023                 Better & Co.
                                                                         November 20-21, 2023
                                                                         November 22-22, 2023
                                                                                                             Melukis Slide
 Presentation & Communication Skill                                      November 7-8, 2023
                                                                                                             (PT Artistik Salindia Limaa)
                                                                         November 11-12, 2023
                                                                         December 13-14, 2023
 Online Workshop, Webinar and Socialization of External Provisions:
 Leadership Training for Middle Manager level (MMEP) and
                                                                         January 2023 to. June 2023          BNI
 Advance Manager level (AMEP)
 Banking Trends                                                          January 2023                        FSA
 The Urgency of Extending the Credit Restructuring Policy                January 2023                        LPPI
 Implementation of Artificial Intelligence (AI) in the Financial
                                                                         February 2023                       FSA
 Services Industry
 Strengthening Sharia Financial Literacy and Inclusion                   February 2023                       FSA
 The Role of GRC in Supporting Financial Sector Performance              February 2023                       FSA
 Accelerating Digitization Innovation in Indonesia's Banking and
                                                                         February 2023                       Perbanas, APPI, KADIN
 Finance Sectors for National Economic Recovery
 Fraud Awareness Series: "It Will Happen to Me: Efforts to
                                                                         February 16, 2023                   BNI
 Develop Risk-Culture and Peer Review to Prevent Internal Fraud"
 Business Process Level 3 Commercial Segment and Business
                                                                         February 2023                       BNI
 Process Level 3 SME Segment
 Lesson Learned “Kasus Silicon Valley Bank (SVB)”                        April 6, 2023                       LPPI
 BPD Sharing Corner "Managing the Halal Ecosystem"                       April 11, 2023                      LPPI
 Sharia Financial Education "Sharia Finance Develops the Nation"         April 14, 2023                      FSA
 Anti Money Laundering In Digital Era: Lessons Learned from
                                                                         April 2023                          LPPI
 Selected Countries
 Overcoming Challenges and Facing Change in the Financial
                                                                         April 2023                          FSA
 Services Sector
 Strengthening National Resilience in the Financial Services
                                                                         April 2023                          FSA
 Industry
 Edufin Series “Fix Your Investment”                                     May 22, 2023                        FSA
 Metaverse Opportunities in the Financial Services Industry              May 2023                            FSA
 Fundamental of Wealth Management                                        May 2023                            FSA
 Strengthening National Resilience in the Financial Services
                                                                         May 2023                            FSA
 Industry
 Get to Know More About the Regulations on the P2SK Law in
                                                                         June 2023                           FSA
 the Context of Strengthening the Banking Sector
 Workshop on Assistance “The implementation of AML/CFT
                                                                         June 2023                           FSA – US OPDAT
 Program in the Financial Services Sector 2023”
 Refreshment Counterfeit Foreign Banknotes (UKA) - Banknotes
                                                                         June 2023                           BNI
 2023
 Characteristics of the Authenticity of Rupiah Money                     June 2023                           BNI




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       Competency Development/Training Materials                                   Implementation Time                         Organizing Institution
       Reading Writing Blog Learning Modules & Smartbooks 2023                 June 2023                             BNI
       Impact of Cloud Implementation in the Financial Services
                                                                               June 2023                             FSA
       Industry
       How To Manage Climate - Related Risk In Banking Industry                June 2023                             FSA
       Sosialisasi POJK No. 8 tentang Penerapan APU PPT dan
                                                                               July 2023                             FSA
       PPPSPM di Sektor Jasa Keuangan
       Suplemen Pengetahuan Anti Fraud Awareness "Menciptakan
       Risk Control yang Efektif untuk Membangun Pemberian Kredit              July 2023                             BNI
       yang Prudent dan Sustain"
       Webinar "Implementation of Personal Data Protection Laws and
                                                                               July 2023                             FKDKP
       Challenges to Their Implementation"
       Communication Skill and Leadership                                      July 2023                             BNI
       Anti Fraud Awareness                                                    July 2023                             BNI
       Global Mindset Webinar: Building Your Professional Network as
                                                                               July 2023                             BNI
       a Global Banker
       The Role of the Indonesian Diaspora and BNI in Supporting
                                                                               July 2023                             BNI
       MSMEs Go Export & Go Global
       Stress Management in the Digital Era                                    July 2023                             FSA
       Webinar "Effectiveness of Digital Maturity Assessment in
                                                                               August 2023                           FKDKP
       Measuring the Maturity of Banking Digital Transformation"
       Leadership in Changing Atmosphere                                       August 2023                           FSA
       Beware of New Style Fraud Modes                                         August 2023                           FSA
       Living Integrity                                                        August 2023                           ACT and KPK
       The Magnetic Future Leader                                              August 2023                           BNI
       Achieving Business Agility with The Scaled Agile Framework              August 2023                           BNI
       Workshop on Strengthening TPPU Law Enforcement 2023                     August 2023                           PPATK
       Digital Tren & Skill Series: The Magnetic Future Leader: Essential
                                                                               August 2023                           BNI
       Actions of Leaders People Love to Follow
       Get to Know More About the Regulations on the P2SK Law in
                                                                               August 2023                           FSA
       the Context of Strengthening the Non-Bank Financial Industry
       Enhancing In Financial Performance Through Data Analytics               August 2023                           FSA
       Race Talk Series: NWOW Technology & Operations                          August 2023                           BNI
       Seminar and Masterclass GRC Summit 2023                                 August 24-25, 2023                    CRMS
       Implementation of Prevention of Funding for the Proliferation
       of Weapons of Mass Destruction and Prevention of Terrorism              September 2023                        FSA
       Financing
       Utilization of the Internet of Things (IOT) in the Financial Services
                                                                               September 2023                        FSA
       Industry
       Workshop SORX 3 "Operational Risk Mitigation - Champion
                                                                               September 2023                        BNI
       Training"
       BNI Corpu TV Knowledge Supplement General Webinar:
       Preventing Fraud in Banking by Creating a System that supports          September 2023                        BNI
       an Anti-Fraud Culture
       Musculoskeletal Injury pada Office Worker                               September 2023                        BNI
       Webinar: Financially Capable Diaspora, Prosperous Diaspora              September 2023                        FSA
       High Level Training Basic Personal Data Protection and                                                        IGNITE (PT Pijar Edukasi Teknologi)-
                                                                               November 13-14, 2023
       Implementation                                                                                                ISACA
       Level C-1 Employee Development Program in 2023                          December 13-14, 2023                  PPM Management
       Seminar GRC : Unveiling The Power Of Compliance
                                                                               December 5, 2023                      Robere & Associates
       Management System Based on ISO 37301 for GRC Excellence



      In addition, the Compliance Division also delivers internal sharing to all employees with the following material::

       Material                                                                                                  Implementation time
       Socialization of the Implementation of AML-CFT and PPPSPM                              January to December 2023
       Good Corporate Governance (GCG) Training                                               January to December 2023
       Socialization, CIX Reminders and Completion of Pending Internal Findings               February 5, 2023



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          Practices             Governance                 Responsibility              Commitment                  Statements




 Material                                                                                               Implementation time
                                                                                      February 20, 2023
                                                                                      April 13, 2023
                                                                                      June 26, 2023
 Gratification Control
                                                                                      July 24, 2023
                                                                                      July 26, 2023
                                                                                      October 9, 2023
 Workshop Leadership Series & Operational Risk Awareness                              February to May 2023
 Compliance Culture Material                                                          March 1, 2023
 WIC Transaction Socialization                                                        March 13, 2023
 WIC Series Socialization Video delivered via the Compliance Division's
                                                                                      March 2023
 Instagram media reels and the Employee and Leader WhatsApp Group
 Anti-Gratification Video Series with the theme "Reject and Report Gratification
 which is conveyed via Instagram media reels Compliance Division and                  April 2023
 WhatsApp Group Employees and Leaders
 Socialization/Reminder for Corruption Prevention and Gratification Control           April 17, 2023
 related to Eid                                                                       December 18, 2023
 Socialization of the Prohibition of Accepting and Giving Gratuities related to
                                                                                      April 3, 2023
 Eid al-Fitr and Using Service Facilities for Personal Interests
 POJK Socialization No. 12/POJK.03/2021 concerning Commercial Banks                   April 6, 2023
                                                                                      May 25, 2023
 Socialization of Prudential Principles and Special Campaign Fund Accounts
                                                                                      June 21, 2023
 (RKDK)
                                                                                      July 28, 2023
 Socialization video regarding the provisions for requesting and using debtor
 information (IDEB) through SLIK which is delivered via Instagram media reels         June 2023
 of the Compliance Division and WhatsApp Group for Employees and Leaders
 Introduction to Environmental Social Governance                                      June to December 2023
 Socialization of Tax Fines and Counterfeit Money (Upal)                              August 7, 2023
 Socialization of Beneficial Owner (BO) Identification in Opening Non-Individual
                                                                                      August 9, 2023
 Accounts
 Reminders regarding the Legality of Overdue Debtors and Updates on Branch
                                                                                      August 14, 2023
 Fines
 Socialization of AML-CFT and PPPSPM - POJK 8 of 2023                                 September 10, 2023
                                                                                      September 19, 2023
 Enrichment Operational Risk Management for All Overseas Branch
                                                                                      September 21, 2023
                                                                                      November 6, 2023
 Socialization of the Imposition of Fines and Gratuities
                                                                                      November 9, 2023




COMPLIANCE UNIT WORK PROGRAM                                                      a. Delivering Training/Socialization to all employees
IMPLEMENTATION IN 2023                                                               covering Compliance Culture, Good Corporate
As it operates in an increasingly complex business, BNI                              Governance (GCG) materials, Gratification and Anti-
strives to reduce the risks that are increasing due to                               Bribery Control through digital and classical media
developments in information technology, globalization                                as well as mandatory e-learning (Gratification and
and financial market integration. Therefore, BNI continues                           GCG Control);
to strive to mitigate risks in the Bank’s business activities,                    b. Delivering a Compliance Reminder (CORE) for the
both preventive (ex-ante) and curative (ex-post). In line                            Daily Exercise Employee Program (DEEP46) with
with the regulations stipulated in OJK Regulation No.                                regular AML-CFT and PPPSPM, and gratification
46/POJK.03/2017 concerning the Implementation of the                                 material to improve the employee compliance
Compliance Functions for Commercial Banks, there is a                                culture;
need to increase the role and function of compliance.                             c. Delivering on site supervision related to AML-CFT
                                                                                     and PPPSPM and the GRC (Governance, Risk and
To encourage the realization of a compliance culture in all                          Compliance) Forum;
organization units, the following compliance programs                             d. Handling Gratification Control in BNI’s work areas,
have been implemented:                                                               in collaboration with the Corruption Eradication
1. Realizing the implementation of a compliance culture at                           Commission (KPK) to improve Good Corporate
    all organizational levels and in bank business activities:                       Governance (GCG) and Compliance Culture;
                                                                                  e. Monitoring the effectiveness of Good Corporate
                                                                                     Governance and Integrated Governance
                                                                                     implementation at BNI.



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         f. Developing a Compliance Information Management                 a. Test of compliance on drafts of policies, as well as
            System (CIMS) application, as an information                       on new/updated systems and procedures;
            system, database and monitoring of online                      b. Compliance test/review of existing policies, systems
            compliance review results and implementation of                    and procedures;
            AML-CFT and PPPSPM;                                            c. Compliance test on the design of publishing or new/
         g. Preparing a Measurement of Compliance Index                        updated products/activities;
            (CIX) as a reference to measure and ensure that                d. Compliance checklist on the fit and proper test of
            the compliance function is running well;                           prospective controlling shareholders, Controller,
      2. Managing the compliance risks faced by the Bank;                      member of Board of Directors, and/or member of
         Compliance risk is a risk arising from the failure to                 Board of Commissioners;
         comply with and/or not implementing the prevailing                e. Compliance test/Credit Compliance Review (C2R) for
         laws and regulations.                                                 the proposed Credit Application Tool (PAK);
                                                                           f. Compliance test/Procurement Compliance Review
           Based on such matters, the Compliance Division actively             (PCR) for the proposed Procurement of Goods and/
           strives to minimize compliance risk. The composite                  or Services Document;
           compliance risk profile assessment includes an                  g. Compliance test/review on plans for opening and
           assessment of the inherent risks and assessment of                  relocating Bank offices (regional offices, branch
           the quality of Risk Management implementation so                    offices, sub-branch offices, and functional offices;
           that it reflects the compliance risk control (risk control      h. Compliance test/review of branch and center
           system). In a composite manner, BNI’s Compliance Risk               operational activities.
           Profile in 2023 stood at level 2 (low to moderate), with     4. Ensuring bank compliance with commitments made by
           the following details:                                          the bank to OJK/BI and other supervisory authorities.
           a. BNI’s Inherent Risk in 2023 BNI was at level 2 (Low          Monitoring commitments to the supervisory authority
               to Moderate);                                               is carried out together with the Internal Audit (IAD).
           b. The Quality of Risk Management Implementation             5. Expanding C2R carried out by the Compliance Division
               (KPMR) was at level 2 (Satisfactory).                       with the following criteria:
                                                                           a. Provision of new, additional and restructuring
           The Compliance Division continues to make                           funds with the authority of the Head Office Credit
           improvement efforts to minimize Compliance Risk,                    Committee (Corporate, Enterprise and Commercial
           including:                                                          Segment) and Division Level Credit Committee
           a. Identifying, monitoring and periodically                         (Commercial Segment); or
               disseminating the fulfillment of obligations and            b. Reviewing the provision of funds, where at least 1
               matters prohibited by regulations as a preventive               (one) Credit Committee member is from the Board
               measure;                                                        of Directors;
           b. Reminding organization units they in charge of the           c. Modifications include, but are not limited to
               fulfillment of obligations periodically;                        changes in structure, release of collateral, changes
           c. Making corrective actions based on the compliance                to requirements where at least 1 (one) member of
               risk database;                                                  the Credit Committee is a Director; or
           d. Preparing sanctions from regulators/supervisors              d. Proposals for the provision of funds after consultation
               as a source of compliance risk into the Compliance              with the Board of Commissioners, or the provision of
               Index, and making the compliance index part of the              funds to Bank related parties must obtain permission
               unit Key Performance Indicators (KPI).                          from the Board of Commissioners.
                                                                        6. Developing the BNI AML System in line with the
      3. Ensuring that policies, regulations, systems and                  POJK concerning the implementation of AML-CFT and
         procedures as well as the Bank’s business activities              PPPSPM programs by ensuring there is a system that
         carried out by the Bank is in accordance with regulations.        effectively identifies, analyzes, monitors and provides
         As one of the preventive measures to prevent                      reports on the customer transaction characteristics
         compliance risks from arising and to support healthy              carried out automatically.
         and sustainable growth, the Compliance Division
         takes preventive (ex-ante) measures by conducting
         compliance tests to ensure that all internal regulations
         and certain banking activities comply with applicable
         banking principles. The compliance test activities
         include:




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          Practices          Governance             Responsibility                 Commitment                  Statements




INTEGRATED COMPLIANCE UNIT                                                        Policies and Procedures, Internal Control, Systems
WORK PROGRAM IN 2023                                                              Management information, as well as Human
To show the duties and functions of monitoring and                                Resources and Training.
evaluating the implementation of the compliance function                 6.   Conducted periodic meetings with each FSI in the BNI
at each Financial Services Institution (LJK) within the BNI                   FC with discussions including the following:
Financial Conglomerate (KK), the Integrated Compliance                        a. Follow up on suggestions or recommendations
Work Unit carried out the following:                                              submitted by the Integrated Compliance Work Unit
1. Analyze the latest external provisions that have a                             and the Integrated Governance Committee;
    significant impact and have major sanctions for LJKs                      b. Recent issues related to the compliance function
    in the BNI KK and submit them to the relevant LJKs for                        at each FSI in the KK BNI as well as follow-up
    follow-up, including:                                                         settlement and mitigation;
    a. POJK No. 3 of 2023 concerning Increasing Financial                     c. Implement and adjust to the latest external
        Literacy and Inclusion in the Financial Services                          regulations for each FSI in the KK BNI;
        Sector for Consumers and/or the Community;                            d. Implement of the AML-CFT and PPPSPM programs
    b. POJK No. 17 of 2023 concerning Commercial Bank                             at each LJK in the BNI KK based on the 5 pillars of
        Governance;                                                               implementing the AML-CFT and PPPSPM programs
    c. SEOJK No. 15/SEOJK.05/2019 concerning                                      as well as Self Assessment risk assessment
        Reassessment of Main Parties of Non-Bank Financial                        for institutions based on the Institutional Risk
        Services Institutions.                                                    Assessment by taking into account the results of
    d. SEOJK No. 19/SEOJK.05/2020 concerning Insurance                            the National Risk Assessment issued by PPATK and
        Product Marketing Channels;                                               Sectoral Risk Assessment issued by OJK;
    e. SEOJK No. 24/SEOJK.04/2022 concerning                                  e. Align the anti-bribery/anti-gratification application
        Accounting Treatment of Bond and Share Sale and                           provisions;
        Purchase Transactions by Securities Companies;                        f. Implement mandatory learning and understanding
    f. SEOJK No. 25/SEOJK.04/2022 concerning                                      of tests for all employees at each FSI in the KK BNI
        Accounting Treatment of Securities Company                                in a consistent and sustainable manner;
        Funding Transactions;                                                 g. Implement routine and periodic GRC forums at each
2. Perform alignment the internal policies in each FSI                            FSI in the KK BNI;
    within the BNI FC and then provided the necessary                         h. Implement reviews and adjustments to the
    input or recommendations while taking into account                            guidelines and internal policies for each FSI in
    the business sector, complexity, needs, size, conditions                      the KK BNI in accordance with the latest external
    and regulations that apply to each FSI within the BNI FC;                     regulations.
3. Perform alignment the Compliance Risk management                      7.   Prepare and submit periodic reports on the Compliance
    mechanism through monthly monitoring of compliance                        function oversight and evaluation duties and
    with the Regulatory Business Conduct of each FSI in the                   responsibilities at each FSI in the BNI FC periodically
    BNI FC based on the regulations of each FSI through                       to the Compliance Director, as well as prepare
    a Self Assessment;                                                        periodic reports on the integrated compliance duties
4. Implemented the Compliance Index (CIX) in the FSIs in                      and responsibilities submitted by the Compliance
    the BNI FC as a means of monitoring the compliance                        Director to the President Director and the BNI Board
    function in the FSIs by using the parameters in the                       of Commissioners;
    form of fraud, violation cases, sanctions and fines from             8.   Make efforts to improve the Human Capital competence
    regulators, pending findings of external and internal                     in the compliance units at each FSI in the BNI FC by
    auditors, updating customer data and Regulatory                           organizing sharing sessions by BNI on the topic of
    Business Conduct of each FSI;                                             Compliance Culture, Flow and Licensing Reporting
5. Analyzed the FSI Compliance Function Implementation                        Process for New Products and/or Activities to Regulators,
    Report in the BNI FC periodically to include the                          Consumer Protection and Integrated Compliance, Anti-
    implementation of:                                                        Fraud Strategy at BNI, Good Corporate Governance,
    a. Compliance Culture;                                                    Management of Anti-Gratification and Anti-Bribery
    b. Compliance Risk and Compliance Index;                                  Management System (SMAP), as well as Anti-Money
    c. Regulatory Compliance;                                                 Laundering and Prevention of Terrorism Funding (APU
    d. Company Compliance with Commitments to                                 PPT);
        Regulators;And                                                   9.   Synergize with each FSI in the BNI FC, includingTraining
    e. Implementation of the Anti-Money Laundering,                           and Learning between BNI and each FSI in the BNI FC.
        Prevention of Terrorism Financing and Prevention
        of Funding for the Proliferation of Mass Destruction
        (APU PPT and PPPSPM) programs is based on 5
        (five) pillars of implementing the AML-CFT and
        PPPSPM programs, namely active supervision of
        the Board of Directors and Board of Commissioners,


                                                                                       Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   863
Page 277
          2023                    Management                    Company                     Management Discussion and             Business Support
      Performance                   Report                       Profile                  Analysis on Company Performance            Functions




      External
      Auditor

      As an effort to carry out an independent supervisory                    Basis of appointment was as follows:
      function on the financial aspects of the Bank, BNI appoints             1. Based on the Financial Services Authority Regulation No.
      a Public Accounting Firm (KAP). In this case, the External                 13/POJK.03/2017 dated March 27, 2017, concerning the Use
      Auditor to examine BNI’s finances for the 2023 fiscal year                 of Public Accountant Services and Public Accounting Firms
      was determined at the Annual GMS, taking into account                      in Financial Services Activities in Article 16 Paragraph 1, it is
      the Board of Commissioners recommendations, following                      stated that Parties carrying out financial services activities
      the recommendation of the Audit Committee. The selection                   must limit the use of audit services for annual historical
      process was carried out in accordance with the applicable                  financial information from the same AP for a maximum
      goods and services procurement mechanism. To ensure the                    audit period of 3 (three) consecutive reporting fiscal years.
      independence and quality of the audit results, the appointed               as revoked by Financial Services Authority Regulation No.
      External Auditor may not have a conflict of interest with the              9 of 2023 concerning the Use of Public Accounting Services
      Bank.                                                                      and Public Accounting Firms in Financial Services Activities
                                                                                 in article 7 paragraph 1 states that parties in the form of
      IMPLEMENTATION OF EXTERNAL                                                 commercial banks, issuers and public companies are obliged
      AUDIT FUNCTION                                                             to limit the use of audit services for annual historical financial
                                                                                 information from the same AP for a period no longer than
      In carrying out operational activities, apart from internal                audits for 7 (seven) cumulative years;
      auditors, Bank is also supervised by external auditors,                 2. Based on FSA Regulation No. 37/POJK.03/2019
      namely the Financial Services Authority, Bank Indonesia,                   concerning Transparency and Publication of Financial
      the Supreme Audit Agency and the Public Accounting Firm.                   Statements in conjunction with FSA Circular Letter
                                                                                 No. 9/SEOJK.03/2020 concerning Transparency and
      APPOINTMENT OF PUBLIC ACCOUNTANT                                           Publication of Conventional Commercial Bank Reports,
                                                                                 Article 4 paragraph 2 states that Banks must include
      Following up on the General Meeting of Shareholders                        the name of the Public Accounting Firm conducting the
      (“GMS”) resolutions for the Fiscal Year 2022. The Board of                 annual financial statements audits, together with the
      Commissioners appointed KAPTanudiredja, Wibisana, Rintis                   name of the Public Accountant, partner in charge of the
      & Partners (member of global PricewaterhouseCoopers)                       audit, including the opinion given in the announcement
      as the external auditor for examining the Bank’s Financial                 of the Quarterly Publication Report for the position at
      Statements and other reports for the Fiscal Year 2023.                     the end of December;
      Fiscal year 2023, is the second audit year period for KAP               3. The appointment process for KAPTanudiredja, Wibisana,
      Tanudiredja, Wibisana,, Rintis & Rekan (member of global                   Rintis & Rekan (member of PricewaterhouseCoopers) as
      PricewaterhouseCoopers)                                                    the external auditor was carried out through a “Tender”
                                                                                 mechanism.



      PUBLIC ACCOUNTANTING FIRM, ACCOUNTANT NAME, AND FEE

      The Public Accountant Accounting Firms, Accountants, Fees, and KAP Permits for the last 5 (five) years are as follows:
                                                                      Name Of
                                                                                                                Audit Sevices
          Year      Public Accounting Firms                          Responsible                 Period                           KAP Licence
                                                                                                                  Fee (IDR)
                                                                 Accountant (Partner)
                    Tanudiredja, Wibisana, Rintis & Rekan       Drs. M. Jusuf Wibisana,
          2023                                                                                1 year          20,672,000,000    241/KM.1/2015
                    (member of global PricewaterhouseCoopers)   M.Ec,. CPA
                    Tanudiredja, Wibisana, Rintis & Rekan       Drs. M. Jusuf Wibisana,       1 Year and
          2022                                                                                                25,550,000,000    241/KM.1/2015
                    (member of global PricewaterhouseCoopers)   M.Ec,. CPA                    Interim
                    Tanudiredja, Wibisana, Rintis & Rekan       Drs. M. Jusuf Wibisana,       1 Year and
          2021                                                                                                22,175,000,000    241/KM.1/2015
                    (member of global PricewaterhouseCoopers)   M.Ec,. CPA                    Interim




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                                                                         Name Of
                                                                                                                 Audit Sevices
      Year       Public Accounting Firms                                Responsible                Period                                 KAP Licence
                                                                                                                   Fee (IDR)
                                                                    Accountant (Partner)
                 KAP Purwantono, Sungkoro and Surja (Ernst
      2020                                                          Muhammad Kurniawan         1 Year          12,650,000,000           603/KM.1/2015
                 and Young)
                 KAP Purwantono, Sungkoro and Surja (Ernst
      2019                                                          Muhammad Kurniawan         1 Year          12,900,000,000           603/KM.1/2015
                 and Young)



In addition to BNI’s consolidated financial statements audit, the scope of audit work by Public Accounting FirmTanudiredja,
Wibisana, Rintis & Rekan (member of PricewaterhouseCoopers) for the fiscal year 2023 included:

                                                                                                                                     Amount in rupiah
 No                                                           Assignment Type                                                        (includes 11% VAT
                                                                                                                                          and OPE)
 1a          Audit of the Consolidated Financial Report of PT Bank Negara Indonesia (Persero) bk                                          IDR14,031,242,789

 1b          Internal Control Report (Management Letter)                                                                                      IDR81,769,196
             Review and validation of the Consolidated Financial Report of PT Bank Negara Indonesia (Persero) Tbk (newspaper
 1c                                                                                                                                           IDR54,769,402
             format)

             Subtotal                                                                                                                   IDR14,167,781,387
 2           Audit of the Micro and Small Business Funding Program ("PUMK")                                                                 IDR325,001,778
 3           Audit of Financial Institutions' Financial Reports and Pension Fund Portfolios                                                 IDR170,225,675

 4           Report on Review of Control Policies and Procedures implemented by the Bank in Providing Custodian Services                     IDR164,067,875

 5           Report on Performance Evaluation Results based on Mutually Agreed Procedures                                                   IDR166,791,394

 6           Audit of Compliance with Report on Compliance with Legislation and Internal Control (PSA 62)                                   IDR332,909,854
             Implementation of Mutually Agreed Procedures Regarding Management Contracts and Annual Management
 7                                                                                                                                          IDR331,828,737
             Contracts for BUMN Directors
             Implementation of Mutually Agreed Procedures regarding BUMN Aggregated Financial Reports for the 2023 Fiscal
 8                                                                                                                                          IDR521,868,320
             Year
             Additional Scope of Implementation of Mutually Agreed Procedures in Relation to Management Contracts and
 9           Annual Management Contracts for BUMN Directors and Implementation of Mutually Agreed Procedures in Relation                    IDR222,000,000
             to Performance Realization Reports for LTI purposes for Board of Directors and Board of Commissioners

             Subtotal                                                                                                                   IDR16,402,475,020
 10          Audit of PT BNI Life Insurance ("BNI Life") Financial Reports                                                                 IDR1,260,524,920
             Audit of the Consolidated Financial Statements of PT BNI Sekuritas and Subsidiaries (including Non-Audit
 11                                                                                                                                         IDR520,772,310
             Assurance Engagement ("NAAE") MKBD)
 12          Audit of the Financial Statements of PT BNI Asset Management (including Agreed Upon Procedures ("AUP") MKBD)                   IDR335,630,622

 13          Audit of PT BNI Multifinance Financial Reports                                                                                 IDR436,068,458

 14          Audit of PT Bank Hibank Indonesia Financial Reports                                                                           IDR1,318,538,917

 15          Audit of PT BNI Capital Ventura Financial Reports                                                                               IDR397,989,753

             Subtotal                                                                                                                    IDR4,269,524,980
             Grandtotal                                                                                                                 IDR20,672,000,000


AUDIT RESULTS

The results of the audit carried out by the external auditor are submitted in the form of a Consolidated Financial Statement
Audit Opinion. The Consolidated Financial Report of PT Bank Negara Indonesia (Persero) Tbk and Subsidiaries has been
audited by KAP Tanudiredja, Wibisana, Rintis & Rekan (a member firm of the PricewaterhouseCoopers network) with the
partner in charge being Drs. M. Jusuf Wibisana, M.Ec,. CPA, independent auditor, based on Audit Standards established
by the Indonesian Institute of Public Accountants, with an opinion without modification as stated in its report dated
January 25, 2024.




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      AUDIT FEES AND OTHER SERVICES PROVIDED BY MEMBER FIRM
      OF THE PRICEWATERHOUSECOOPERS NETWORK
      During 2023, other services provided by Public Accountants included:


                                                                                                                                        Total (IDR)
        No             Type of Assignment
                                                                                                                                      including VAT &
                                                                                                                                            OPE
                       (“BNI London")Group reporting on The London Branch of PT Bank Negara Indonesia (Persero) Tbk ("BNI
             1                                                                                                                            IDR491,700,000
                       London")
             2         Group reporting on The New York Branch of PT Bank Negara Indonesia (Persero) Tbk ("BNI New York")                 IDR1,017,500,000

             3         Group reporting on The Tokyo Branch of PT Bank Negara Indonesia (Persero) Tbk (“BNI Tokyo”)*)                    IDR2,634,775,000
                       Audit of the financial statements of The Seoul Branch of PT Bank Negara Indonesia (Persero) Tbk (“BNI
             4                                                                                                                            IDR653,400,000
                       Seoul”)*)
                       Audit of financial reports and group reporting of The Singapore Branch of PT Bank Negara Indonesia (Persero)
             5                                                                                                                           IDR3,563,618,968
                       Tbk (“BNI Singapore”)*)
             6         Group reporting on The Hong Kong Branch of PT Bank Negara Indonesia (Persero) Tbk (“BNI Hong Kong”)*)              IDR906,660,000

        Sub Total                                                                                                                      IDR9,267,653,968
             7         Procurement of BNI RACE Culture Work Culture Transformation Consultation Services                                IDR2,100,000,000

             8         PT Bank Negara T170 T171 YA 2022 single entity*)PT Bank Negara T170 T171 YA 2022 single entity*)                   IDR280,232,160

             9         Procurement of Proactive Assurance for the implementation of PSAK 74/IFRS                                        IDR1,898,100,000

             10        Tax Assessment Services 2020-2021                                                                                  IDR121,000,000

             11        Services related to income tax (Corporate Income Tax) 2022                                                          IDR88,000,000

        Sub Total                                                                                                                      IDR4,487,332,160
        Total                                                                                                                         IDR13,754,986,128
        *) Translation to Rupiah using Reuters middle rate on 31 December 2023




      PUBLIC ACCOUNTING FIRM PROFILE

      KAP Tanudiredja, Wibisana, Rintis & Rekan (member of global PricewaterhouseCoopers),
      WTC 3, Jl. Jend. Sudirman Kav. 29-31 Jakarta 12920 INDONESIA
      Tel: +62 21 50992901/31192901
      Fax: +62 21 52905555/52905050

      COORDINATION BETWEEN THE EXTERNAL AUDITOR AND AUDIT COMMITTEE

      To implement its monitoring function on the audit results conducted by external auditors, namely Bank Indonesia (BI),
      Financial Services Authority (FSA), the Supreme Audit Agency (BPK), the Financial Transaction Reports and Analysis
      Center (PPATK), and KAP, the Audit Committee has evaluated the follow-up actions taken by the Management on the audit
      results of the said external auditors. Complete coordination can be seen in the description of the Audit Committee Report.

      EXTERNAL AUDIT EFFECTIVENESS AND BANK COMPLIANCE WITH PROVISIONS CONCERNING
      RELATIONSHIPS BETWEEN THE BANK, THE PUBLIC ACCOUNTANTS, AND BANK INDONESIA

      BNI conducted an effective external audit and the Bank’s compliance with the provisions concerning the relationship
      between the Bank, Public Accountants and Bank Indonesia for the Bank, including the following:
      1. As stated in PBI No. 7/50/PBI/2005 concerning Amendments to PBI No. 3/22/PBI/2001 concerning Transparency
         of Bank Financial Conditions, in providing audit assignments for Financial Reports, BNI is required to appoint a
         Public Accountant and Public Accounting Firm that has been registered with Bank Indonesia. Through the Board of
         Commissioners letter No. DK/33 dated 28 February 2023, the Board of Commissioners appointed the Tanudiredja,
         Wibisana, Rintis & Rekan Public Accounting Firm (a member firm of the PwC global network) as the external auditor
         in examining the Company's Financial Report and other reports for the 2023 fiscal year;
      2. Based on Financial Services Authority Regulation No. 13/POJK.03/2017 dated 27 March 2017 as revoked by Financial
         Services Authority Regulation No. 9 of 2023 concerning the Use of Public Accounting Services and Public Accounting
         Firms in Financial Services Activities in article 7 paragraph 1 states that parties in the form of commercial banks,
         issuers and public companies are obliged to limit the use of audit services for annual historical financial information
         from the same AP for a period no longer than audits for 7 (seven) cumulative years;


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3. The appointment of the same Public Accountant and/or Public Accounting Firm by BNI must be based on a work
   agreement;
4. The Public Accountant who audits the Bank’s Annual Financial Statements is required to conduct audits in accordance
   with the Public Accountant Professional Standards, the work agreement, and the audit scope. The Public Accountant
   and/or Public Accounting Firm is required to observe the Bank Confidentiality as regulated in the Law No. 7 of 1992
   on Banking, as amended by Law No. 10 of 1998;
5. In the framework of preparing and implementing the audit, the Public Accountant may request information from
   Bank Indonesia regarding the condition of the Bank to be audited;
6. Bank Indonesia and/or FSA can request information from a Public Accountant even though the work agreement has
   ended.




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      Internal Control
      System

      The Internal Control System (SPI) is a monitoring                 1. Sufficient organizational structure;
      mechanism established by Bank management on an                    2. BNI’s leadership style and management philosophy;
      ongoing basis and implemented by all management and               3. Integrity and ethical values, as well as employees’
      employees at every level of the organization. Therefore,             competencies;
      an effective SPI is an important component in Bank                4. Human Capital policies and procedures;
      management as well as being the basis for healthy                 5. Attention and direction of BNI’s management and other
      and safe Bank operational activities. Implementation                 committees, such as the Risk Management Committee.
      of the Internal Control System within the Bank is the             6. External factors affecting BNI’s operations and the risk
      responsibility of all parties involved as outlined in the            management implementation.
      duties and responsibilities of each party.
                                                                        BNI's Internal Control System Covers:
      CONTROL PURPOSES                                                  1. Strategic control, to ensure each strategy or policy is in
                                                                           accordance with BNI’s objectives, vision and mission;
      FINANCIAL AND OPERATIONAL CONTROL, AND                            2. Operations control, to achieve operational efficiency
      COMPLIANCE WITH LAW REGULATIONS                                      and effectiveness;
      The purposes of the Internal Control System in BNI                3. Reporting control, to ensure the quality of all
      includes:                                                            information/reporting produced and used in internal
      1. Compliance with the provisions and laws and                       or external decision making;
          regulations (Compliance objective). This is intended          4. Obedience control, to ensure the level of compliance
          to guarantee that all BNI’s business activities are carried      with law, regulations and laws related to operations.
          out in accordance with the provisions and laws and
          regulations, either provisions issued by the government,      Risk Assessment
          FSA, or internal policies and procedures established          The risk assessment (measurement) system is used to
          by BNI.                                                       measure risk exposure as a reference to controlling risk.
      2. Availability of complete, accurate, effective, and timely      Risk assessment cover 8 (eight) risk types managed by
          financial and management information (Information             BNI as follows:
          objective).This is intended to guarantee the availability     1. Credit Risk Assessment
          of complete, accurate, effective, and timely reports             Credit Risk Assessment is carried out including the
          necessary to make appropriate and accountable                    following aspects:
          decisions.                                                       a. Amount, quality, and composition of exposure of
      3. Effectiveness and efficiency in BNI’s business activities             balance sheet and administrative accounts;
          (operational objective).This is intended to increase the         b. The level of credit risk of debtors/counterparties;
          effectiveness and efficiency of the use of assets and            c. Credit characteristics;
          other resources to protect BNI from any risk of loss.            d. Business environment condition;
      4. Increasing the effectiveness of risk culture in BNI’s             e. Internal rating system and scoring system.
          organization as a whole (risk Culture objective)This is          f. Credit risk stress testing.
          intended to identify weaknesses and assess deviations            g. The use of internal ratings to determine asset
          early, as well as reassess the reasonableness of the                 quality and the amount of reserves by calculating
          policies and procedures in BNI on an ongoing basis.                  the Expected Credit Loss (ECL) value, which reflects
                                                                               the estimation of potential credit losses through the
      CONTROL ENVIRONMENT                                                      calculation of 3 basic parameters, namely Probability
                                                                               of Default (PD), Loss Given Default (LGD), Exposure
      The control environment reflects the overall commitment,                 at Default (EAD).
      behavior, concern and steps of the Board of Directors and         2. Market Risk Assessment
      Board of Commissioners in carrying out BNI’s operational             Market risk assessment is carried out on all trading book
      control activities.The elements of BNI’s control environment         and banking book portfolios. Market risk assessment
      include:                                                             on the trading book includes:




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    a. Measurement of market risk sensitivity – standard                 6. Strategic Risk Assessment
       method;                                                              Strategic risk assessment/measurement uses indicators/
    b. Aggregation using Value at Risk (VaR) – internal                     parameters such as:
       model;                                                               a. Strategy suitability with business environment
    c. Market risk stress testing;                                              conditions;
    d. Budget loss; and                                                     b. High-risk strategies, and low-risk strategies;
    e. Back testing.                                                        c. BNI’s business position towards competitors; and
                                                                            d. Achievement of the Bank’s Business Plan (RBB).
   Market risk assessment on the banking book, includes:                 7. Compliance Risk Assessment
   a. Measurement of interest rate risk on the banking                      Compliance risk assessment/measurement uses
       book;                                                                indicators/parameters such as:
   b. Measurement of exchange rate risk on the banking                      a. Type, significance, and frequency of violations
       book.                                                                    against the applicable provisions; and
3. Liquidity Risk Assessment                                                b. Violations against provisions of certain financial
   Liquidity risk assessment is carried out to measure                          transactions.
   and monitor the need for sustainable net funding. The                    c. Frequency of violations (BNI compliance track
   liquidity risk assessment process includes:                                  record).
   a. Assessment of liquidity ratios includes Liquidity                  8. Reputation Risk Assessment
       Coverage Ratio (LCR) and Net Stable Funding Ratio                    Reputation risk assessment/measurement uses
       (NSFR);                                                              indicators/parameters such as:
   b. Maturity profile assessment;                                          a. Reputation influence from the owner of BNI and
   c. Projected cash inflows and outflows;                                      related companies;
   d. Liquidity risk stress testing.                                        b. Violation of business ethics;
   e. Availability of liquid assets (Cash), Secondary                       c. Product complexity, and BNI’s business cooperation;
       Reserve (SR); and                                                    d. Frequency and materiality of the Bank’s negative
   f. Liquidity Ratio.                                                          reporting; and
4. Operational Risk Assessment                                              e. Frequency and materiality of customer complaints.
   One method that can be used to assess operational
   risk in BNI is Risk & Control Self Assessment (RCSA), a               COMPLIANCE WITH COSO FRAMEWORK
   series of activities carried out by each unit (risk owner)
   to identify operational risk issues in each unit, looking             BNI’s Internal Control System refers to the FSA Circular
   for causes, measuring potential losses (impact and                    No. 35/SEOJK.03/2017 dated July 7, 2017 concerning the
   frequency) that may arise, and finding solutions to                   Standard Guidelines for Internal Control Systems for
   overcome them, as well as control mechanisms for                      Commercial Banks, in line with the COSO framework and
   existing risks.                                                       the Basel Committee - Internal Control, covering 5 (five)
                                                                         key interrelated elements in the Bank’s internal control
   Operational risk is classified into categories and sub                system including:
   categories to facilitate risk assessment, control, and                1. Management culture Risk supervision and control;
   reporting of 7 (seven) operational risk events, which are:            2. Risk identification and assessment;
   a. Internal fraud;                                                    3. Control activities and separation of functions;
   b. External crime;                                                    4. Accounting, information and communication systems;
   c. Employment and occupational safety practices;                      5. Monitoring activities and deviations/weaknesses
   d. Clients, products, and business practices;                             corrective actions.
   e. Damage to physical assets;
   f. Business interruption and system failure; and                      CONTROL ACTIVITIES
   g. Execution, shipping, and process management.
5. Legal Risk Assessment                                                 Control activities are carried out to ensure that appropriate
   Legal risk assessment/measurement uses indicators/                    actions have been taken in controlling a risk. Internal control
   parameters in the form of:                                            activities in the Company include:
   a. Potential losses arising from litigation claims;
   b. Weakness in binding; and                                           1. General Control Activities
   c. The absence/occurrence of inregulations/laws                          Involves all employees including the Board of Directors,
      changes that underlie the issuance of a product                       and are planned and carried out to ensure that
      or service.                                                           management directives have been carried out. Control
                                                                            activities are contained in policies and procedures to
                                                                            ensure that every activity is carried out effectively and to
                                                                            encourage anticipatory actions against the risks inherent
                                                                            in each operational activity.



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      2. Control Activities According to Organizational                     vi) Proposing models and parameters used in
         Functions An effective Internal Control System requires                  measuring market risk by theTreasury Division;
         establishment of a control structure in accordance with            vii) Measuring market risk;
         the organizational structure, and includes:                        viii) Conducting back testing and stress testing.
         a. Top Management Reviews                                       c. Operational Risk Control
             The Board of Directors actively requests                       Operational risk management and control is
             presentations and performance reports on a regular             carried out through coordination between the
             basis, in order to evaluate BNI’s progress towards its         Risk Management Work Unit and the Operational
             intended objectives. Determination of objectives are           Work Unit in stages. BNI also has an Operational
             in accordance with the established risk management             Risk Management Forum (FRO) as a means
             policy after considering the risk level to be taken (risk      of formal coordination between work units to
             appetite), the level and type of risk that is maximally        discuss operational risk issues as well as follow
             set (risk tolerance), and limit setting.                       up on mitigation that must be taken. The roles and
         b. Operational Performance Review (Functional                      supports needed from the Operational Work Unit
             Reviews) Reviews are periodically carried out by               are:
             IAD.                                                           i) Submitting periodic/incidental risk exposure
         c. Information System Control                                            reports to the Risk Management Work Unit;
             Includes verification of the accuracy and                      ii) Ensuring risk management is in each operational
             completeness of transactions and authorizations,                     Work Unit (risk taking unit/risk owner), so the
             general control and application control.                             units will be responsible for managing the risks
         d. Physical Asset Control                                                inherent in transactions/ activities on a daily
             Physical Asset Control activities include securing                   basis.
             assets, limiting access to computers and data files.
         e. Documentation, including adequacy of accounting                 Operational risk control also includes Business
             policies documentation, procedures, systems &                  Continuity Plan (BCP) procedures. BCP is a formal
             standards as well as audit processes.                          mechanism/plan that combines the established
      3. Control Activities based on Type of Risk                           strategies, policies, procedures, and organizations
         Control activities have been set out in policy and                 to ensure the continuity of operations of critical
         procedure documents to identify risks (market, liquidity,          business functions at a certain service level during
         credit, operation, legal, compliance, reputation, and              any disruption or disaster.
         strategic risks)..                                              d. Liquidity Risk Control
         a. Credit Risk Control                                             Liquidity risk control is carried out by:
             i) Credit supervision covers all credit aspects and            i) Monitoring and taking alternative strategic
                  all objects of supervision without exception;                  steps for each Secondary Reserve (SR) traffic
             ii) Internal credit control.                                        light, namely: Dark Green, Light Green, Light
         b. Market Risk Control                                                  Yellow, Dark Yellow and Red;
             For control purposes, the process of identifying               ii) Conducting funding strategies, managing
             and measuring market risk is carried out by units                   liquidity position and daily liquidity risk,
             independent of the business activities, and is carried              managing liquidity position and intra-group
             out by the Risk Management Work Unit.                               liquidity risk as stipulated in the Global Funding
                                                                                 Policy, Asset Management Policy and Asset and
               The Risk Management Work Unit authority and                       Liability Management Policy
               responsibilities in controlling market risk are:          e. Legal Risk Control
               i) Approving and validating the proposed model/              Legal risk control is carried out by ensuring BNI’s
                    method used in measuring market risk;                   agreements with third parties have secured BNI’s
               ii) Developing market risk measurement models;               interests. Legal risk control is carried out by a Work
               iii) Checking the correctness of the market risk             Unit functioning to manage legal risk, and includes:
                    calculation based on risk report received               i) Preparing assessments through a juridical
               iv) Determining the confidence level used;                        study, in the event there are plans to add/
               v) Setting parameters for market risk stress                      develop new products and/or activities;
                    testing;                                                ii) Providing legal advice, and/or legal assistance
                                                                                 in the event there are legal risks in operational
                                                                                 activities;




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       iii) Reviewing contracts and agreements with other                         INFORMATION AND COMMUNICATION
            parties periodically.
    f. Strategic Risk Control                                                     The information system produces reports on business,
       Strategic risk control is carried out by:                                  financial conditions, risk management implementation, and
       i) Conducting an effective, independent and                                fulfillment of provisions that support the implementation
            objective review of strategic policies as outlined                    of the Board of Directors and the Board of Commissioners
            in the review of the implementation and                               duties.
            performance achievement against the targets
            set in the Bank’s Business Plan through Board                         Such information includes:
            of Commissioners meetings, meetings inviting                          1. Internal and external information obtained and
            the Board of Directors (Radekom), Board of                               submitted to Management related to the performance
            Directors Meetings (Radisi), Sector Meetings                             of achieving the Company’s goals; and
            and Business Reviews;                                                 2. The resulting information to be sufficient and timely,
       ii) Adequate testing and reviewing of management                              therefore, it can carry out its responsibilities effectively
            information systems.                                                     and efficiently.
    g. Compliance Risk Control
       Compliance risk control is carried out through ex-                         The necessary information system includes:
       ante (preventive) actions aimed at:                                        1. BNI organizing a contingency recovery plan, and a
       i) Ensuring policies, provisions, systems and                                 back-up system to prevent high-risk business failures;
            procedures, as well as business activities at                         2. BNI owning and maintaining a management information
            BNI are in accordance with the provisions of                             system that is organized, in electronic and non-electronic
            the regulator and prevailing regulations;                                format.
       ii) Ensuring compliance with established
            commitments                                                           Necessary communication includes effective communication
    h. Reputation Risk Control                                                    channels to ensure all employees understand, and comply
       Reputation risk control is carried out by:                                 with applicable policies and procedures in carrying out
       i) Managing, following up and resolving customer                           their duties and responsibilities, as well as having effective
            complaints and lawsuits that can immediately                          external communication channels to communicate required
            increase reputation risk; and                                         information to shareholders, regulators, customers, and
       ii) Developing a reliable mechanism for effective                          other third parties.
            reputation risk control measures.
                                                                                  When processing information in electronic format, the
                                                                                  system used shall have an adequate audit trail.



MONITORING ACTIVITIES

Monitoring of BNI’s activities in business units and functional units is carried out through Three Line Roles, which are:
                        #1                                              #2                                                   #3
                Risk Taking Unit                                 Risk Control Unit                                    Risk Assurance
                or 1st Line Roles                                or 2nd Line Roles                                   or 3rd Line Roles
                                                    Risk Control, responsible for developing the
                                                    Bank’s risk management framework, policies,
                                                    principles and methodology
                                                    1. Preparing proposals for risk management
                                                        strategies and policies, including risk         Risk Assurance, responsible for
 Risk Owner, responsible for the risks taken,           appetite & limits                               independently evaluating the effectiveness
 execution and results (Day to day risk             2. Developing frameworks, policies, principles,     of risk management and internal control
 management & control)                                  tools, methodologies and risk management        implementation
 1. Responsible for managing and controlling            standards                                       1. Conducting independent and periodic
     risks inherent in day- to-day business         3. As a risk oversight unit, carries out                internal audits on the implementation of
     activities or functions                            aggregation and overall risk reporting              risk management and internal control
 2. Identifying, measuring, mitigating,             4. Advising or providing recommendations            2. Preparing corrective action
     monitoring and reporting risks inherent in         to the 1st line roles on implementing risk          recommendations and monitoring their
     business activities/ functions in accordance       policies according to authority                     implementation
     with the strategies/policies/risk parameters   5. Escalating issues/important decisions to         3. Reporting the audit results to the Audit
     set by the 2nd line roles                          Senior                                              Committee and key stakeholders according
                                                    6. Management/ Directors and/or Risk                    to their authority
                                                        Management Committee and Anti Fraud,
                                                        Risk Management Sub-Committee and/ or
                                                        Integrated Risk Management Committee
                                                        (Risk Management Committees)




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      REVIEW OF EFFECTIVENESS                                          STATEMENT OF THE BOARD OF
      INTERNAL CONTROL SYSTEM                                          DIRECTORS AND/OR BOARD OF
                                                                       COMMISSIONERS ON THE ADEQUACY
      As an important component in Bank management, the                OF THE INTERNAL CONTROL SYSTEM
      Internal Control System (SPI) forms the basis for healthy
      and safe Bank operational activities. An effective Internal      The Board of Commissioners is responsible for and has
      Control System assists the Board of Directors and the Board      supervised the implementation of the Internal Control
      of Commissioners in protecting the Bank assets, ensures the      System (SPI), namely approving and monitoring the Board
      availability of reliable financial and managerial reporting,     of Directors' policies that determine internal control. In
      increases the Bank compliance with applicable laws and           carrying out its duties, authority and responsibility for
      regulations, and reduces the risk of losses, irregularities      supervision, the Board of Commissioners is also assisted
      and violations in the precautionary aspect.                      by the Audit Committee, Risk Monitoring Committee,
                                                                       Nomination and Remuneration Committee, and Integrated
      For the SPI, the BNI Board of Directors has the responsibility   Governance Committee.
      for establishing and maintaining adequate SPI, and ensuring
      the system operates safely and reliably in accordance with       The Board of Directors is also responsible for the
      the Bank’s established internal control objectives.              implementation of a reliable and effective Internal
                                                                       Control System (SPI) as well as making efforts to improve
      The Internal Audit Work Unit (SKAI) conducts evaluations,        an effective risk awareness culture at every level of the
      through audits and consultations, and plays an active role       organization. Meanwhile, the Director who oversees the
      in improving the SPI effectiveness on an ongoing basis           compliance function plays an active role in preventing
      in connection with the Bank’s operations that have the           deviations by management in establishing policies related
      potential to cause losses in achieving the targets set by        to the precautionary principle.
      Bank management.
                                                                       The Internal Audit Unit (IAD) has continuously evaluated the
      To achieve this, the evaluation results are submitted to         effectiveness of SPI related to operational implementation
      the Board of Directors to be followed up and monitored           in achieving the targets set by the Company, including
      to ensure SPI they are running adequately. The Board of          through inspection activities on units and activities.
      Commissioners, through the Audit Committee, plays an
      active role in relation to SPI evaluation by reviewing the       The evaluation results obtained are always submitted to
      Internal Audit evaluation results. Based on the evaluation       the Board of Directors and related units for follow-up and
      carried out, BNI’s SPI runs adequately.                          implementation monitoring. Concerning problems that
                                                                       arise, improvements are always made and monitoring is
                                                                       carried out consistently to ensure that the SPI is running
                                                                       effectively.The Board of Commissioners through the Audit
                                                                       Committee has played an active role in evaluating SPI
                                                                       through reviewing the results of inspections carried out
                                                                       by IAD.




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                                                                                                         Risk
                                                                                           Management System

GENERAL DESCRIPTION OF THE RISK MANAGEMENT SYSTEM IMPLEMENTED BY BNI

BNI has established a system to manage risk and capital in an effective and integrated manner in order to anticipate
economic challenges, and any increased risk exposure that may arise in carrying out its business activities.This also aims
to support sustainable performance achievement and growth and increase the company's competitiveness.

BNI’s risk management is proactive and forward looking. This is intended to maximize added value to shareholders,
manage capital comprehensively, and ensure profitability and sustainable business growth. Moreover, BNI as a Financial
Services Institution with a number of subsidiaries that are members of the BNI Financial Conglomerate, also requires an
integrated risk management system. The risk management governance can be described as follows:


                                                                                        BNI Governance
    Governance

                            Transparency                   Accountability                  Accountability                   Independence                  Fairness

       AGM                                                                       PEMIMPIN
                                                                                    GMS/Highest
                                                                                          DIVISI Authority
                                                                                                 COMPLIANCE

                                                                                     Board of Commissioners


    Board of               Integrated Governance                 Remuneration & Nomination
                                                                                                               Risk Monitoring Committee               Audit Committee
  Commissioners                  Committee                              Committee

                                                                                                                                                 External Audit (KAP, OJK, BPK)

                                                                                         Board of Directors

                                                                                                                        Performance Management
 Board of Directors     Subsidiaries Committee     Asset & Liability Committee       Human Capital Committee                                         Credit Policy Committee
                                                                                                                               Committee

                      Integrated Risk Management                                     Technology Management                                        Credit Risk Management & Anti-
                                                      Business Committee                                                    Credit Committee
                               Committee                                                   Committee                                                      Fraud Committee

                                                                                                                                                   2nd Lines Roles Risk Control         3rd Lines Roles
                                                                                      1st Lines Roles Business
 Business Units &                                                                                                                                           Fucntions                    Internal Audit
 Functional Units
                                                                                          Day to Day Control                                                                       Periode Control



                                                                                 PEMIMPIN
                                                                                       Internal
                                                                                          DIVISIControl
                                                                                                 COMPLIANCE


RISK MANAGEMENT FRAMEWORK

The risk management framework starts from determining a risk strategy and risk appetite that is in line with BNI's business
strategy and objectives. Risk management is carried out based on a risk operating model which includes governance,
processes, policies as well as tools and methodology. Risk management is supported by adequate InformationTechnology,
adequate quality and quantity of human resources, as well as strengthening risk awareness through the internalization
of risk culture.




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      The risk management framework is depicted in the following chart:



                                                                    Business Strategy and Goals
                                                                                       Alignment


                             1                                   Risk Strategy and Risk Appetite

                                                                           Risk Operating Model

                             2 Risk Governance                        3 Risk Management
                                                                        Process                                4 Policy                 5 Tools &
                                                                                                                                          Methodology



                             6                                            Information Technology


                             7                                               HC & Risk Culture


      In order to implement effective risk management, both for BNI individually and consolidated and integrated with
      subsidiaries, the implementation of BNI risk management includes:

                                                                          Pillar       1
                                                                     Active oversight of Board of Directors and Board
                                                                                    of Commissioners




                                     Pillar       2                                                            Pillar      2
                                                                                                            Adequacy of risk management policies and
                                 Comprehensive internal control system.
                                                                                                            procedures and determination of risk limits.




                                                                          Pillar       3
                                                                      Adequacy of risk identification, measurement,
                                                                     monitoring and control processes as well as risk
                                                                            management information systems



      PILLAR 1. ACTIVE SUPERVISION OF THE BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS

      BOARD OF DIRECTORS SUPERVISION
      Active monitoring of Board of Directors is performed by:

      1. Prepare written and comprehensive Risk Management policies, strategies and frameworks, including overall Risk
         limits and per Risk type, taking into account the level of Risk to be taken (Risk Appetite) and Risk Tolerance according
         to the Bank's conditions, and taking into account Risk impact on capital adequacy. After obtaining approval from the
         Board of Commissioners, the Board of Directors determines Risk Management policies, strategies and framework.




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2. Prepare, establish and update procedures and tools to                  SUPERVISION OF THE BOARD OF COMMISSIONERS
    identify, measure, monitor and control risks.                         Active supervision by the Board of Commissioners is carried
3. Prepare and determine transaction approval                             out, among other things, by:
    mechanisms, including those that exceed limits and                    1. Approve BNI's risk management policy including the
    authority for each level of position.                                     risk management strategy and framework determined
4. Evaluate and/or update Risk Management policies,                           in accordance with the level of risk to be taken (Risk
    strategies and frameworks at least 1 (one) time in 1                      Appetite) and risk tolerance (Risk Tolerance), both
    (one) year or more frequently if there are changes in                     quantitative and qualitative Risk Appetite
    factors that influence the Bank's business activities, Risk           2. Evaluate risk management policies and strategies at
    exposure and/ or Risk profile significantly.                              least 1 (one) time in 1 (one) year or in the event that
5. Establish the organizational structure, including clear                    there are changes in factors that significantly influence
    authority and responsibility at each level of position                    BNI's business activities;
    related to the implementation of Risk Management.                     3. Evaluate the accountability of the Board of Directors
6. Responsible for implementing Risk Management                               and provide direction for improvements to the
    policies, strategies and frameworks that have been                        implementation of BNI's risk management policies on
    approved by the Board of Commissioners as well as                         a regular basis;
    evaluating and providing direction based on reports                   4. Ensuring that risk management policies and processes
    submitted by the Risk Management Work Unit (SKMR)                         are carried out effectively and are integrated into the
    including reports regarding Risk profiles.                                overall BNI risk management process.
7. Ensure that all material risks and impacts caused by
    the risks in question have been followed up and submit                The Board of Commissioners formed a Risk Monitoring
    accountability reports to the Board of Commissioners                  Committee as stated in the Risk Monitoring Committee
    on a regular basis, including including reports on                    Charter, with the committee's duties including:
    developments and problems related to material risks                   1. Evaluate the conformity of risk management policies
    along with corrective steps that have been, are being                     with the implementation of Bank policies;
    and will be taken.                                                    2. Monitor and evaluate the implementation of the duties of
8. Ensuring the implementation of corrective actions on                       the Risk Management Committee and Risk Management
    issues found by the Internal Audit (IAD);                                 Work Unit in order to provide recommendations to the
9. Develop a Risk Management culture including Risk                           Board of Commissioners;
    awareness at all levels of the organization, including,               3. Carrying out certain other tasks related to the function
    among other things, adequate communication to all                         and scope of duties of the Risk Monitoring Committee
    levels of the organization regarding the importance of                    as assigned by the Board of Commissioners.
    effective internal control.                                           In carrying out its function of supervising the implementation
10. Ensure adequate resource support to manage and                        of BNI Risk Management and Integrated Risk Management,
    control risks.                                                        the BNI Board of Commissioners is assisted in its
11. Ensure that the Risk Management function has been                     implementation by the Risk Monitoring Committee (KPR),
    implemented independently, which is reflected in,                     Audit Committee and Integrated Governance Committee.
    among other things, the separation of functions
    between the SKMR which carries out risk identification,               In order for the implementation of risk management to run
    measurement, monitoring and control and the work unit                 effectively, its implementation must be carried out based on
    which carries out and completes transactions.                         the risk management that has been established by BNI. Risk
                                                                          governance clearly regulates roles, responsibilities, decision-
The Board of Directors’ supervisory function is carried out               making processes, linkages between risk management
through the Board of Directors Meeting Forum (Radisi),                    functions, as well as establishing policies to ensure that the
Risk Management & Anti Fraud Committee Meeting (KRA),                     risks faced by BNI are managed well. Risk governance at BNI
Risk Management Sub-Committee (RMC), Anti-Fraud Sub-                      can be described in the following diagram:
Committee (KAF), Credit Policy Committee Meeting Forum,
and Credit Procedure Committee (KPP).




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      BNI RISK MANAGEMENT

                                                                                                                  Ensure that the implementation of Risk Management
                                                                                                                  is adequate and in accordance with the Bank's
                                                                                                                  characteristics, complexity and risk profile. In its
                                                               Oversight                   Board of
                                                                                                                  implementation, assisted by Risk Monitoring Committee
                                                                                         Commissioners            and Integrated Governance Committee




                                                                                                                                 In charge of implementing adequate risk
                                                                                                                                 management and in accordance with the Bank’s
                                                                                                                                 characteristics, complexity and risk profile
                                       Oversight & Execution                     Board of Directors
                                                                                                                                            Assist Board of Directors in establishing policies,
                                                                                                                                            development and implementation of risk management
                                                                                                                                            and escalation to Board of Directors
                                                                                 Risk Management                                                               Implement risk management according to each role:
                                                                                    Committee                                                                  • Risk owner (risk taking) manages the
                                                                                                                                                                 risks inherent in the business and their
                                   Escalation
                                                                                                                                                                 respective functions
                                                                                                                                                               • Risk control prepares the framework,
                                                                                                                                                                 policy principles and methodology for
                                                                                                                                                                 bank risk management
                                                                 Risk Taking Unit, Risk Control Unit,                                                          • Risk assurance, independently assesses
                                                                                                                                                                 the effectiveness of the implementation of
               Implementation &
                                                                        Risk Assurance Unit                                                                      risk management and internal control
              Control Mechanism




                                                      INTERNAL CONTROL PROCESS

                                  An effective Internal Control Process is an important component in Bank management and lays a foundation for sound and safe
                                  Bank operational activities and can assist the Board of Directors and Board of Commissioners to safeguard Bank assets, ensure
                                  the availability of reliable financial and managerial reporting, improve compliance. The Bank complies with applicable laws and
                                  regulations, so as to reduce the risk of losses, deviations and violations of prudential aspects.




      PILLAR 2. ADEQUACY OF POLICIES, PROCEDURES AND LIMIT DETERMINATION

      The Risk Management Policy is a written direction in implementing risk management and must be in line with the vision,
      mission and strategic plan and focus more on relevant risks in BNI's business activities, and is prepared by taking into
      account the level of risk that is willing to be taken (risk appetite), risk tolerance, and setting limits.

      In order to support the effective implementation of risk management, BNI has a risk management policy document that
      has been approved by the Board of Commissioners, and functions as a strategic and comprehensive basic reference,
      including:
      1. General Policy for Risk Management.
      2. General Policy for Integrated Risk Management and Integrated Capital.
      3. General Policy for Internal Control Systems

      Risk Management Procedures are an elaboration and implementation rules of the Risk Management Policy and are used
      as a reference for implementing risk management for each Risk Management Unit and all BNI organizational units, and
      are adequately documented. Detailed provisions for each procedure are regulated in technical instructions (Juknis).
      Evaluation and/or updating of BNI Risk Management Policies and Procedures is carried out periodically, or in the event
      of significant changes that affect BNI's business activities. Procedures and technical instructions in the following chart:




                                                                                                                   Policies




                                                                                                        Procedures


                                                                                      Technical Instructions

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As one of the risk control methods, BNI also has risk limits. Risk limits are thresholds for determining the level of intensity
of risk mitigation that will be implemented by management. Determination of BNI risk limits includes limits per risk (Credit
Risk, Market Risk and Liquidity Risk), limits per functional activity and limits as a whole. These policies, procedures and
risk limits are periodically reviewed with approval up to the Board of Directors level through committee meetings or
through circulation to the Board of Directors according to the level of authority.

PILLAR 3. ADEQUACY OF RISK IDENTIFICATION, MEASUREMENT, MONITORING AND
CONTROL PROCESSES, AND RISK MANAGEMENT INFORMATION SYSTEMS

The Risk Management process at BNI includes the stages of identifying, measuring, monitoring and controlling risks for
8 (eight) types of risks on an ongoing basis for all material risk factors supported by the Risk Management Information
System, which can be described as follows:




               Risk Identification                                                                                       Risk Measurement

               Risk identification is carried                                                               Risk measurement process is
               out proactively for all business                                                               carried out to determine the
               activities in order to analyze                                                                 magnitude of risk exposure
               the source, level of possibility                       Disclosure                           as a reference for performing
               of risk arising and the impact                                                                control and for the purposes
                                                                Report submission, which
                                                                includes:                                 of calculating minimum capital
                                                                • Risk                                                       requirements
                                                                    Management
                                                                    Report to
                                                                    Regulators
                                                                    and
                                                                    Management
               Risk Monitoring                                  • • Risk                                                       Risk control
                                                                    Management
               Risk monitoring process is carried out               Information
                                                                                                          Risk control is focused on risks
               to ensure that risks are managed                     Report to the
                                                                    Public                              that can disrupt the continuity of
               properly, including by:
                                                                                                        the Bank's business. Risk control
               • Monitoring compliance with
                                                                                                           process is adjusted to the risk
                  regulations
                                                                                                        exposure as well as the level and
               • Established risk tolerances
                                                                                                              tolerance that will be taken
                  and limits
               • Stress testing results
               • Risk mitigation efforts
                  undertaken



Policies regarding the process of identifying, measuring,                        2. Risk Measurement
monitoring and controlling risks for 8 (eight) types of                             The risk measurement process is carried out in order to
risk (credit, market, liquidity, operational, legal, strategic,                     determine the magnitude of risk exposure as a reference
compliance and reputation risks) are stipulated in the                              for carrying out risk control and for the purposes of
General Risk Management Policy (KUMR), while the                                    calculating the Minimum Capital Requirement (KPMM).
Management process Integrated Risk in the BNI Financial
Conglomerate is stipulated in the General Policy for                                Risk measurement is carried out either quantitatively
Integrated Risk Management and Integrated Capital                                   and/or qualitatively according to the measurement
(KUMRT).                                                                            methods established by the Regulator or by using
1. Identify Risks                                                                   internal methods developed by BNI based on best
    The risk identification process is carried out proactively                      practice in risk measurement. To anticipate extreme
    for all business activities in order to analyze the source,                     conditions, risk measurement at BNI is also equipped
    level of possibility of risk and its impact. The things to                      with stress testing for credit risk, market risk and
    pay attention to in the risk identification process are:                        liquidity risk.
    a. Identification of all risks is carried out periodically.
    b. Have a method or system to identify risks in all BNI
        products and business activities.
    c. Specifically identifying risks for new bank products,
        before new bank products are introduced or
        implemented.




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      The things to pay attention to in implementing risk                 b. Risk monitoring is carried out by both the Operational
      measurements are:                                                      Work Unit and the Risk Management Work Unit;
         a. The scope of risk measurement at least measures               c. Monitoring results are presented in reports that are
            sensitivity, tendencies, individual risk factors, risk           submitted periodically to external (Regulator) and
            exposure as a whole or per risk by considering                   internal (Management) parties.
            correlation, and all risks inherent in bank transactions
            and products.                                               Risk monitoring is carried out both by the Operational Work
         b. Risk measurement methods can be carried out                Unit (Risk Taking Unit) as the risk owner (Risk Owner) and
            quantitatively and/or qualitatively using methods          by the Risk Control Unit, and the results of monitoring are
            determined by the Regulator or those developed             presented in regular reports, including Bank Health Level
            internally.                                                Report, Risk Profile Report, Capital Provision Requirement
         c. The application of measurement methods is                  Report Minimum (KPMM), Loan Portfolio Report, Market
            adjusted to the applicable Regulatory provisions.          Risk and Liquidity Risk Monitoring Report, Operational Risk
         d. The use of internal methods in measuring credit            Incident & Loss Report, Business Continuity Management
            risk, market risk, liquidity risk and operational risk     (BCM) Monitoring Report, Internal Risk Analysis and other
            must take into account Regulatory requirements,            risk reports.
            including requirements for use, backtesting,
            validation and documentation.                              4. Risk Control
         e. Risk measurement is carried out by the Risk                   The risk control process is carried out primarily
            Management Unit in coordination with the Risk                 to manage risks that could disrupt BNI's business
            Management Work Unit.                                         continuity.
                                                                          The things to pay attention to in risk control are:
      Risk measurement for BNI individually is carried out                a. The risk control system refers to established policies
      on 8 (eight) types of risk, while for the BNI Financial                and procedures.
      Conglomerate it is carried out on 10 (ten) types of risk.           b. The risk control process is adjusted to the risk
      For the purposes of reporting the Minimum Capital                      exposure as well as the level of risk to be taken
      Requirement (KPMM) to the Regulator, BNI's individual risk             (risk appetite) and risk tolerance (risk tolerance).
      measurement is carried out on 3 (three) main risks, namely          c. Risk hedging and mitigation mechanisms are carried
      credit risk, market risk and operational risk. Meanwhile, the          out by the Operational Working Unit in collaboration
      integrated KPMM calculation is carried out by comparing                with the Risk Management Working Unit.
      the actual total capital of Financial Services Institutions
      (LJK) members of the Financial Conglomeration with the              Risk control strategies that can be implemented include
      total minimum capital that must be met by LJK members               the following:
      of the BNI Financial Conglomeration.                                a. Accepting Risk (Risk Acceptance)
                                                                              For types of risks where the process does not
      Risk measurements are carried out periodically which the                allow for preventive intervention or improvement
      measurement results are reported to the Regulator as part               of the situation, the existing potential risks will
      of the individual BNI Risk Profile and KPMM reporting as                be accepted as a consequence of the bank taking
      well as the BNI Financial Conglomerate's Integrated Risk                advantage of business opportunities, taking into
      Profile and KPMM reporting.                                             account that the existing risks are still within the
                                                                              Bank's limits/tolerance. However, strict controls
      3. Risk Monitoring                                                      must be implemented if this risk control strategy
         The risk monitoring process is carried out to ensure that            is implemented.
         risks have been managed well, including by monitoring
         the mitigation and risk limits that have been set.               b. Avoiding Risk (Risk Avoidance)
                                                                             Risk avoidance is carried out to prevent BNI from
           The things to pay attention to in implementing risk               experiencing an unacceptable risk, or to prevent
           monitoring are:                                                   increasing existing risk exposure. Risk avoidance is
           a. Risk monitoring includes, among other things,                  chosen if the potential profit from a business activity
              monitoring the magnitude of risk exposure, risk                is smaller than the risk exposure that may occur.
              tolerance, limit compliance, and stress testing
              results as well as consistent implementation of
              established policies and procedures;




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    c. Transferring Risk (Risk Transfer)                                  c. Availability of information about the results
       In a risk transfer strategy, the existing risks are                   (realization) of implementing Risk Management
       still attached to the business activity, but the                      compared to targets set by BNI in accordance with
       risks are transferred to other parties. One of the                    risk management implementation policies and
       most common risk transfer methods is the use of                       strategies.
       insurance services or outsourcing.
                                                                          Several risk management applications prepared to
    d. Reducing Risk (Risk Mitigation)                                    support the implementation of the risk management
       Risk control will be optimal if efforts are made to                process properly, accurately and on time, including the
       reduce existing risks. Risk mitigation is intended                 Internal Rating System, Early Warning System, Scoring
       to minimize losses triggered by external factors or                System, Operational Risk Tool (New PERISKOP), and
       events within the bank. One alternative to suppress                Market & Liquidity Risk Management Application
       and reduce risks is through increasing control and
       improving work systems and procedures.                             Several risk management solutions have been prepared
                                                                          to support the implementation of risk management
5. Risk Management Information System                                     properly and in line with the IT Strategic Plan, including:
   The Risk Management information system must be able
   to support the implementation of risk identification,                  a. Preparing front end applications for credit risk,
   measurement, monitoring and control processes.                            market risk and operational risk.
   a. Risk Data Management                                                b. Preparing data storage and information systems.
       Risk data management is the management of risk
       data which is used to ensure the level of availability,            Before implementing a new risk management
       accuracy and timeliness of distribution of risk                    information system, testing must be carried out to
       management information/reports as well as to                       ensure that the process and output produced have gone
       parties with an interest in risk management reports.               through the development, testing and reassessment
                                                                          process effectively and accurately.
    b. Risk Management Reporting
       Risk Management reporting to certain parties must                  BNI has used several models and tools as tools to assist
       at least pay attention to the following matters:                   in the risk management process and business decision
       i) The frequency of submitting reports is adjusted                 making. Before implementing a new risk management
            to the needs of interested parties, so as to                  model or information system, testing and validation
            provide adequate information for decision                     must be carried out to ensure that the model, system,
            makers.                                                       process and output produced have gone through
       ii) The report contains information regarding                      the development, testing and reassessment process
            total risk exposure, monitoring of material                   effectively and accurately. BNI has an independent
            risks, setting limits, compliance with policies               validation function in the Risk Management Sector.
            and procedures, achievement of business
            performance and implementation of risk                        To optimize the validation process, efficiency of the
            management.                                                   model life cycle and the potential for model risk to arise
                                                                          from the implemented model, BNI is developing a Risk
    The effectiveness of the implementation of the BNI Risk               Management Framework Model as part of quality risk
    Management Information System includes:                               management.
    a. Availability of information that is accurate, complete,
       informative, timely, and can be used by the Board of               Model risk can be defined as the potential loss due to
       Commissioners, Directors and related work units in                 errors in the development, implementation, validation,
       implementing Risk Management to assess, monitor                    or use of a model owned by a bank. The possibility
       and mitigate risks faced by BNI, both overall risks                of model risk increases as the number of models
       and per type of risk.                                              implemented, the complexity of a model, or the
    b. The effectiveness of implementing Risk Management                  magnitude of the impact arising from implementing
       includes policies, procedures and setting risk limits.             a model risk.




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           The Risk Management Model Framework currently being developed includes:
           a. Risk Assessment Model
              It is a process of measuring model risk to be able to carry out priority assessment and model risk assessment to
              quantify the model based on the materiality and complexity of the model.
           b. Model Control
              Model control is carried out through validation during the initial stages of the model being developed along with
              regular validation after the model is implemented. The model validation carried out includes validation of the
              modeling methodology and validation of performance scoring.
           c. Life Cycle Model
              Through the Model Life Cycle, BNI can track the position of a model in the Model Risk Management cycle, starting
              from the development, validation, to implementation stages. This information includes implementation status
              and whether the model has been reviewed periodically.
           d. Inventory Model
              Inventory model is an inventory of existing models at BNI. Model inventory includes information related to the
              model, including the data source used, the purpose of the model being developed, the model owner/developer,
              the results of model validation and documentation related to the model.

      PILLAR 4. COMPLETE INTERNAL CONTROL

      The company's implementation of the Internal Control System uses the Three Lines Roles model which consists of:

                          #1                                                  #2                                                 #3
           Risk Taking Unit or 1st Line Roles                 Risk Control Unit or 2nd Line Roles                  Risk Assurance or 3rd Line Roles
       Risk Owner, responsible for                          Risk Control, responsible for                      Risk Assurance, responsible for
       risks taken, execution and results                   preparation of frameworks, policies, principles,   independently assess effectiveness
       (Day to day risk management & control):              and Bank risk management methodology:              implementation of risk management and
       1. Responsible for management and control            Prepare strategy and policy proposals              internal control:
           of risks inherent in daily business activities   1. risk management, including risk appetite        1. Carry out internal audits independent
           or function;                                         & limits;                                          and periodic to implementation of risk
       2. Identify, measure, mitigate, monitor              2. Develop frameworks, policies, principles,           management and internal control;
           and report risks attached to appropriate             tools, methodologies and standards risk        2. Develop recommendations corrective action
           business activities/functions with strategies/       management;                                        and monitoring its implementation;
           policies/parameters the risk that has been       3. As a risk oversight unit, carry out risk        3. Report audit results to the Committee Audit
           determined by the 2nd line roles.                    aggregation and reporting whole;                   and key stakeholders according to their
                                                            4. Advice or recommendations to 1st line roles         authority.
                                                                in implementing policies risks according to
                                                                authority;
                                                            5. Escalating problems/ important decisions
                                                                to Senior Management/ Directors and/or
                                                                Committee Risk Management & Anti Fraud
                                                                Risk Management Sub Committee (Risk
                                                                Management Committee) and/or Committee
                                                                Integrated Risk Management.



      The Risk Owner as the first line role/Risk Taking Unit manages the risks inherent in the business and its functions on
      a daily basis (day to day). The Enterprise Risk Management Division, Operational Risk Management Division, Policy
      Governance Division and Compliance Division act as second line roles/Risk Control Unit.

      The Internal Audit Unit (IAD) acts as a third line role/Risk Assurance Unit, which is responsible to the President Director
      and is tasked with independently assessing the suitability of the risk management implementation process and internal
      control system with established policies and procedures and with the provisions of the Regulator.

      The implementation of the Internal Control System at BNI has been running effectively and efficiently by implementing
      a separation of functions between the Risk-Taking Unit and the Risk Control Unit and the Risk Assurance Unit.




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TYPES OF RISKS AND HOW                                                                   The implementation of bank risk management varies greatly
TO MANAGE THEM                                                                           according to the scale, complexity and level of risk that can
                                                                                         be tolerated by the bank. Thus, in assessing the Quality
There are 8 (eight) risks managed by BNI as a Bank and 10                                of Risk Management Implementation, it is necessary to
(ten) risks managed by BNI as a financial conglomerate,                                  pay attention to the characteristics and complexity of the
namely credit risk, market risk, liquidity risk, operational                             Bank's business.
risk, legal risk, reputation risk, strategic risk, compliance
risk, intra-group transaction risk, and insurance risk. A                                The assessment of the quality of Risk Management
comprehensive explanation of the risk profile and its                                    implementation is an assessment of 4 (four) interrelated
management is in the discussion of Types of Risk and                                     aspects, namely:
How to Manage It, Capital and Risk Management Practices                                  1. Risk governance;
Chapter, this Annual Report.                                                             2. Risk Management Framework;
                                                                                         3. Risk Management Process, adequacy of human
REVIEW OF THE EFFECTIVENESS OF                                                              resources, and adequacy of management information
RISK MANAGEMENT SYSTEMS                                                                     systems; as well as
                                                                                         4. Adequacy of the Risk control system, considering the
The assessment of the quality of Risk Management                                            characteristics and complexity of the Bank's business.
implementation reflects an assessment of the adequacy
of the Risk control system which covers all pillars of                                   The results of the BNI Individual Risk Profile self-assessment
Risk Management implementation as regulated in the                                       as of December 31 2023 are ranked 2 (low to moderate) with
provisions of the Financial Services Authority regarding                                 a low to moderate Inherent Risk Rating and a Satisfactory
the implementation of Risk Management for Commercial                                     Risk Management Implementation Quality (KPMR) rating.
Banks.                                                                                   From the results of the self-assessment, it is reflected that
                                                                                         the risk management system has been implemented by
                                                                                         BNI well and effectively.



RISK MANAGEMENT ORGANIZATION STRUCTURE

                                                      Risk Management Organization Structure


                               Board of Commissioners
                                                                                                                       Audit Committee
                                                                                                                  Risk Monitoring Committee
                                                                                                           Nomination and Remuneration Committee

          Board of Directors                                                                                   Integrated Governance Committee
                                 President Director


                               Vice President Director




                                                                                                                      Risk Management
                                                    Director in Charge                                                Committee (Non-
                                                   of Risk Management                                                     Structural)
                  Director
                                                    and Integrated Risk
                                                   Management Function
                                                                                                                       Integrated Risk
                                                                                                                        Management
                                                                                                                      Committee (Non-
                                                                                                                         Structural)

                                                      Risk Management Work
                                                      Unit, also as Integrated
                                                      Risk Management Work
                                                                 Unit


                                                         Financial Services
                                                        Institution, Member
                                                          of BNI Financial
                                                          Conglomeration




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      BNI’s Financial Conglomerate was prepared and established        7. The Risk Management Unit is responsible for facilitating
      as follows:                                                         and coordinating with BNI risk management units,
      1. BNI’s Board of Directors and Board of Commissioners              and all LJK members of the Financial Conglomerate
          are authorized and responsible for ensuring the                 in managing 8 (eight) types of risks in BNI: credit risk,
          implementation of BNI’s Risk Management individually            market risk, liquidity risk, operational risk, legal risk,
          or in an integrated manner;                                     strategic risk, compliance risk, and reputation risk, and
      2. In carrying out its functions to supervise the                   10 (ten) types of risks in BNI’s Financial Conglomerate,
          implementation of BNI’s Risk Management and                     including intragroup transaction risk and insurance risk;
          Integrated Risk Management, BNI’s Board of                   8. The Risk Management Work Unit in carrying out
          Commissioners is assisted by the Risk Monitoring                its functions, authorities and responsibilities is
          Committee, Audit Committee, Nomination and                      independent to the Operational Work Unit (risk taking
          Remuneration Committee and Integrated Governance                unit) and does not carry out activities related to the
          Committee;                                                      Bank’s business.
      3. BNI’s Director in charge of the Risk Management
          function carry out the Risk Management function for          In carrying out its functions, the Risk Management Work Unit
          BNI, and also the Integrated Risk Management function        can escalate issues up to Risk Management subcommittee
          for BNI’s Financial Conglomerate;                            of the Risk and Capital Committee (KRA-RMC), or the
      4. In carrying out its functions to implement an effective       Director in charge of the Risk Management function.
          risk management, the Board of Directors is assisted          Whereas the Integrated Risk Management Work Unit can
          by a Risk Management sub- committee of the Risk and          escalates issues up to the Integrated Risk Management
          Capital Committee (KRK-RMC) and an Integrated Risk           Committee or Director in charge of the Integrated Risk
          Management Committee (KMRT);                                 Management function.
      5. If necessary, the Director in charge of Risk Management
          can discuss Risk Management issues in other committee
          meetings at the Board of Directors’ level, or at the Board
          of Directors’ meetings;
      6. In implementing BNI’s Risk Management, the Board
          of Directors is assisted by the Risk Management Work
          Unit (SKMR) that also functions as an the Integrated
          Risk Management Work Unit (SKMRT);

      THE ENTERPRISE RISK MANAGEMENT (ERM) DIVISION AND
      OPERATIONAL RISK MANAGEMENT (ORM)

      The Enterprise Risk Management (ERM) Division and Operational Risk Management (ORM) Division at BNI act as the Risk
      Management Work Unit (SKMR) and Integrated Risk Management Work Unit which are under and directly responsible to
      the Director of Risk Management who oversees the Risk Management function and Integrated Risk Management. Apart
      from the ERM Division, BNI has also established an Operational Risk Management (ORM) Division which plays the role
      of SKMR and is directly responsible to the Risk Management Director.




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      ORGANIZATIONAL STRUCTURE OF ENTERPRISE RISK MANAGEMENT DIVISION




                                                                                                                 Enterprise Risk
                                                                                                                PEMIMPIN DIVISI
                                                                                                               Management Division
                                                                                                                  COMPLIANCE
                                                                                                                      Head




           Enterprise & Integrated Risk               Market & Liquidity Risk                  Credit & Portfolio Risk               Credit Risk Management &
          Management Department Head                Management Department Head              Management Department Head               Modeling Department Head




                                                        Market & Liquidity Risk
           Corporate Risk Governance &                                                         Credit & Portfolio Risk             Wholesale Credit Risk Modeling
                                                    Governance & Methodology Team
                  Methodology                                                                 Management Team Leader                       Team Leader
                                                                Leader




            Enterprise Risk Management              Market Risk Management Team                                                    Retail Credit Risk Modeling Team
                    Team Leader                                Leader                                                                            Leader




            Subsidiary & Integrated Risk            Liquidity Risk Management Team
             Management Team Leader                               Leader




                                                       Middle Office Team Leade




      HEAD OF RISK MANAGEMENT DIVISION PROFILE
      The Enterprise Risk Management Division Head reports directly to the Risk Management Director. Since February 17
      2022, the Enterprise Risk Management Division has been led by Rayendra Minarsa Goenawan, M.M, B.C.Sc.

                                                           Rayendra Minarsa Goenawan, M.M, B.C.Sc.
                                                          Head of Enterprise Risk Management Division
                                                            Served since February 17, 2022 - present
       Indonesian citizen, 39 years old, obtained a Master's degree in Management from Bina Nusantara University JWC. Serves as Head of the Enterprise
       Risk Management Division based on Board of Directors' Decree No. KP/091/DIR/R dated 1 April 2022.



      DEVELOPMENT OF ENTERPRISE RISK MANAGEMENT DIVISION HEAD COMPETENCIES

        Competency Development/Training Materials                                    Implementation Date                       Organizing Institution
        Substance of Regulations regarding Strategic Planning,
                                                                                                                         Ministry of State-Owned Enterprises
        Reporting, Assessment of BUMN Health Level and                                  March 20, 2023
                                                                                                                         (KBUMN)
        BUMN Risk Management
        Workshop Operational Risk Awareness                                               March 2023                     PT Bank Negara Indonesia (Persero) Tbk
        Operational Risk Workshop at Region Office 18                                     April 2023                     PT Bank Negara Indonesia (Persero) Tbk
        CCISO Training                                                                    May 2023                       PT Bank Negara Indonesia (Persero) Tbk



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                                                       Pemimpin Departemen
      Pemimpin Departemen Validasi                                                                   Pemimpin Departemen
                                                    Manajemen Lingkungan, Sosial
       Model & Metodologi Risiko                                                                  Manajemen Risiko TI & Digital
                                                           & Tata Kelola




        Validasi Model & Metodologi                     Manajemen Lingkungan,                       Ketua Tim Pengelolaan &
                   Risiko                                Sosial & Tata Kelola                      Metodologi Risiko TI & Digital




                                                           Manajemen Risiko                       Ketua Tim Metodologi Risiko TI
                                                            Perubahan Iklim                                 & Digital




Description: The attachment to this memo is an integral part of the Board of Directors Decree No. KP/136/DIR/R dated April 12, 2023.
Organisational arrangement of Divisions/Units/Functional Units of Head Office in Appendix Set 39




 Competency Development/Training Materials                                         Implementation Date                                 Organizing Institution
 Region 02 Operational Risk Workshop                                                        May 2023                             PT Bank Negara Indonesia (Persero) Tbk
 Business Meeting BNI Semester II 2023                                                      July 2023                            PT Bank Negara Indonesia (Persero) Tbk
 Compliance Forum: Anti-Money Laundering &
                                                                                         August 8 2023                           PT Bank Negara Indonesia (Persero) Tbk
 Prevention of Terrorism Financing
 Workshop on Personal Data Protection Law (UU PDP)                                     August 30-31, 2023                        CBQA Global
 Workshop on Optimizing the New PERISKOP and
                                                                                        September 2023                           PT Bank Negara Indonesia (Persero) Tbk
 Implementing the NWOW ORIC Function
 Focus Group Discussion with the topic "Banking Plans and
 Strategies related to Bank Indonesia's Macroprudential
                                                                                        September 2023                           Bank Indonesia
 Liquidity Policy (KLM) and Industry Response related to
 the Government's Downstream Policy"
 International Financial Reporting Standards
                                                                                      October 17-18, 2023                        Indonesian Accounting Association (IAI)
 Sustainability 1 Sustainability 2 (IFRS S1 dan S2)
 Archipelgic and Island States (AIS) Blue Economy High                                                                           Coordinating Ministry for Maritime &
                                                                                          October 2023
 – Level Dialogue                                                                                                                Investment Affairs
 Conference of the Parties-28/ COP-28 (UIN Annual
                                                                              November 30-December 12, 2023                      United Nation (UN)
 Meeting to Discuss Climate Issue)
                                                                                                                                 Enterprise Risk Management
 Risk Governance & Leadership                                                          December 6, 2023
                                                                                                                                 Academy (ERMA)




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        Competency Development/Training Materials                   Implementation Date                        Organizing Institution
                                                                                                         Professional Certification Institute
        Certified Qualified Chief Risk Officer (QCRO)                 December 12, 2023
                                                                                                         (LSP)



      RISK MANAGEMENT DIVISION DUTIES AND RESPONSIBILITIES
      As a Risk Management Work Unit (SKMR) and Integrated Risk Management Work Unit (SKMRT), the Enterprise Risk
      Management Division has the following functions:

      1. Risk Management Work Unit                                              Risk Management policies;
         a. Monitoring the implementation of risk management                 b. Monitor the implementation of Integrated Risk
            strategies that have been approved by the Board                     Management policies including developing
            of Directors;                                                       procedures and tools for identifying, measuring,
         b. Conduct regular reviews of the risk management                      monitoring and controlling risks;
            process;                                                         c. Monitoring risks at the BNI Financial Conglomerate
         c. Prepare proposed bank risk management strategies                    based on the results of the assessment:
            and policies;                                                       • Risk Profile of each Financial Services Institution
         d. Monitor the overall risk position (composite), per                      (LJK) in the Financial Conglomeration;
            type of risk, per type of functional activity and carry             • Risk Level of each risk in an integrated manner;
            out stress testing;                                                 • Integrated Risk Profile.
         e. Develop and evaluate the accuracy of models used                    • Leading Risk Indicator;
            to measure risk;                                                    • Integrated Risk Appetite;
         f. Review proposed new products and activities from                    • Integrated Risk Limit;
            the risk aspect;                                                    • Integrated Minimum Capital Requirement
         g. Provide recommendations to operational work units                       (KPMM).
            (risk taking units) according to their authority;                d. Prepare proposals for establishing an integrated
         h. Evaluate the independence and effectiveness of                      Risk Appetite Statement;
            the bank's risk management infrastructure on a                   e. Carrying out stress testing;
            regular basis;                                                   f. Carrying out regular reviews to ensure the
         i. Supervise the implementation of risk management,                    adequacy of the implementation of Integrated
            including through the implementation of an                          Risk Management and the implementation of Risk
            integrated risk control system and the determination                Management in each LJK member of the Financial
            of risk exposure limits;                                            Conglomerate;
         j. Prepare and submit risk reports periodically to the              g. Reviewing proposed new business lines that are
            Board of Directors through the Director in charge                   strategic in nature and have a significant impact on
            of the risk management function;                                    Financial Conglomeration Risk exposure;
         k. Independent from the risk taking unit in carrying                h. Provide information to the Integrated Risk
            out risk management oversight functions. The                        Management Committee regarding matters that
            supervisory function aims to ensure that the bank's                 need to be followed up from the results of the
            risks and portfolio are managed well, including by                  evaluation of the implementation of Integrated
            establishing risk parameters and limits;                            Risk Management;
                                                                             i. Providing input to the Integrated Risk Management
      2. Integrated Risk Management Work Unit                                   Committee in the preparation and improvement of
         a. Providing input to the Main Entity's Board of                       Integrated Risk Management policies;
             Directors, including in the preparation of Integrated           j. Prepare and submit regular Integrated Risk profile
                                                                                reports to the Director of the Main Entity who is in
                                                                                charge of the Integrated Risk Management function
                                                                                and to the Integrated Risk Management Committee.

                                                                         O RG A N I Z AT I O N A L ST R U C T U R E O F T H E
                                                                         OPERATIONAL RISK MANAGEMENT DIVISION




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                    ORGANIZATIONAL STRUCTURE OF THE OPERATIONAL RISK MANAGEMENT DIVISION

                                                                      Operational Risk
                                                                    Management Division



                                               Business Continuity and
       Operational Risk Governance &                                                   Operational & Advisory Risk
                                            Third-Party Risk Management
         Methodology Department                                                         Management Department
                                                    Department


          Operational Risk Governance              Business Continuity Risk              Operational & Advisory Risk       Operational Risk Information
                & Methodology                           Management                              Management                           System


                                               Third-Party Risk Management




PROFILE OF THE HEAD OF THE OPERATIONAL RISK MANAGEMENT DIVISION
The Head of Operational Risk Management Division reports directly to the Risk Management Director. Since December
12 2023, the Operational Risk Management Division has been led by Adi Surya Djoko, MBA.

                                                             Adi Surya Djoko, MBA.
                                                  Head of Operational Risk Management Division
                                                    Served since December 12, 2023 - present
 Indonesian citizen, 46 years old, obtained a Master of Business Administration degree from the University of Western Australia. In office as Head of
 the Operational Risk Management Division based on Board of Directors' Decree No. HCE/1/01040 dated December 12, 2023.



DEVELOPMENT OF OPERATIONAL RISK MANAGEMENT LEADER COMPETENCIES

 Competency Development/Training Materials                                          Implementation Time                     Organizing Institution
 Certified Governance, Risk, and Compliance Professional (GRCP)           October 2023                                 OCEG
 Certified Governance, Risk, and Compliance Audit (GRCA)                  October 2023                                 OCEG
 Governance, Risk, & Compliance (GRC)                                     2023                                         Citibank



DUTIES AND RESPONSIBILITIES OF THE OPERATIONAL RISK MANAGEMENT DIVISION
The duties and responsibilities of the Operational Risk Management Division are broadly divided into the following
functions:
1. Prepare and develop an Operational Risk Management      5. Monitor the implementation of the Operational Risk
   framework                                                  Management framework.
2. Manage and develop operational risk management          6. Manage and develop operational risk culture
   tools and methodologies.                                   improvement programs.
3. Prepare, evaluate and submit proposals for determining  7. Manage and develop operational risk studies and
   Risk Appetite and Risk Tolerance to the Board of           analysis.
   Directors.                                              8. Provide assistance to management units (advisory) in
4. Manage and develop operational risk RWA calculations       conducting assessments and providing operational
   in accordance with regulatory provisions.                  risk mitigation recommendations for bank products
                                                              and/or activities.




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      COMPETENCY DEVELOPMENT IN THE FIELD OF BANK RISK MANAGEMENT
      Throughout 2023, the Enterprise Risk Management Division actively participated in competency development programs.
      The following details the competency development carried out both internally and externally:

                                                                                          Implementation
        Training of Asset and Liability Management                                                                          Organizing Institution
                                                                                               Date
       Middle Manager Leadership Program                                                January 11, 2023          Dunamis Organization Services
       Training of Environmentally Friendly Business Activities (KUBL)                  February 2, 2023          PT Bank Negara Indonesia
       Governance Environmental, Social, Governance, Risk & Compliance (ESGRC)          February 23-24, 2023      Intrinsics
       Risk Management Based on ISO 31000:2018                                          March 4, 2023             Latih Kelas Profesi
       Enforcing Wholesale Transactional Banking (WTB)                                  March 17, 2023            PT Bank Negara Indonesia
       Indonesian National Job Qualification Training Methodology Competency
                                                                                        March 2023                LSP PELATINAS
       Certification 4
       Training Workshop Pilot Project Implementation of Indonesian Green Taxonomy
                                                                                        April 14, 2023            Financial Services Authority (FSA)
       (THI) Edition 1.0 on Bank Reporting through APOLO Application
       Relationship Manager Tool (RM Tool) Application                                  April 14, 2023            PT Bank Negara Indonesia
       Data Analytic & Visualization Bootcamp                                           May 10, 2023              PT Bank Negara Indonesia
       Training of Sustainability Linked Loan (SLL)                                     May 16, 2023              PT Bank Negara Indonesia
       Certified Chief Information Security Officer                                     May 23-26, 2023           EC Council
       Sustainable Finance Training Workshop (TKB) Batch 1                              May 23-26 2023            Financial Services Authority (FSA)
       Mindful Leaders, Project Assignment Leaders in Actions BNI MMEP                  June 12, 2023             ACT consulting
       Traine for The Trainers                                                          June 12-13, 2023          The Jakarta Consulting Group
       Workshop Fundamental Review of The Trading Book (FRTB)                           June 19-20 2023           ICT
       Interest Rate Hedging                                                            June 22-23 2023           Marcus Evans
       Bussiness Intelligence Bootcamp                                                  July 10, 2023             PT Bank Negara Indonesia
       Training on Trainers (TOT) Qualification Level 4 Fields of Banking Risk
                                                                                        July 10-13, 2023          BSMR
       Management
       Training of Asset and Liability Management                                       August 11-12, 2023        FinRisk
       Workshop on Fundamental Review of The Trading Book (FRTB) & Trial of
                                                                                        August 21-22, 2023        ICT
       Individual Market Risk RWA Calculation (FRTB).
       Training of Asset and Liability Management                                       August 25-26 2023         FinRisk
       Asset Liability & Management                                                     August 25-26, 2023        FinRisk
       Technical Guidance/Training for Trainers Qualification Material for 4 Areas of                             Indonesian Risk Professional
                                                                                        Agustus 2023
       Banking Risk Management                                                                                    Association
                                                                                                                  Bankers Assosiation for Risk
       Training for Trainers (TFT) KKNI Level 4 in Banking Risk Management              September 6-7 2023
                                                                                                                  Management
                                                                                                                  Bankers Assosiation for Risk
       Training for Trainers (TFT) KKNI Level 5 in Banking Risk Management              September 8-9, 2023
                                                                                                                  Management
       Training of Climate Risk: Net Zero Emission                                      September 11, 2023        PT Bank Negara Indonesia
       Workshop Climate Risk Stress Test (CRST)                                         September 18, 2023        Financial Services Authority (FSA)
       Climate Risk Stress Test by KPMG                                                 September 19, 2023        KPMG
       Technical Guidance/Training for Trainers Qualification Material for 5 Areas of                             Indonesian Risk Professional
                                                                                        September 2023
       Banking Risk Management                                                                                    Association
       Risk Management Certification Program - Training for Level 4 KKNI Risk                                     Bankers Assosiation for Risk
                                                                                        September 2023
       Management Trainers                                                                                        Management
       Risk Management Certification Program - Training for Level 5 KKNI Risk                                     Bankers Assosiation for Risk
                                                                                        September 2023
       Management Trainers                                                                                        Management
       Training of Brevet Dealer 2023 - Philip Tan                                      October 2-13 2023         PT Bank Negara Indonesia
       Workshop/Training of Treasury for Branch                                         October 19, 2023          PT Bank Negara Indonesia
       Fundamental Review of The Trading Book (FRTB) Seminar                            October 12, 2023          FIS
       Workshop on Fundamental Review of The Trading Book (FRTB) & Consolidated
                                                                                        October 16-17, 2023       ICT
       Market Risk RWA Calculation Trial (FRTB)
       Training of RMT Leaders Development Series                                       October 19–20 2023        PT Bank Negara Indonesia
                                                                                        October 26 - November
       Training of Inbound Project Management BNI Batch 5                                                         BNI x AVENEW
                                                                                        23 2023
       The 7th Risk Management Outlook (IRMO)                                           October 27, 2023          LPPI
       Risk Management Certification Program - Training for KKNI Risk Management                                  Bankers Assosiation for Risk
                                                                                        October 2023
       Trainers Levels 6 and 7                                                                                    Management
       Digital Trend and Skill Series                                                   November 1, 2023          PT Bank Negara Indonesia
       BNI Corporate Innovation – Team Development                                      November 17–23, 2023      BNV
       Strategic Effective Communication                                                November 18, 2023         PT. Jala Sutra Digjeje
       Leadership, collaboration and Networking                                         November 18, 2023         GRC Consulting




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                                                                                    Implementation
 Training of Asset and Liability Management                                                                         Organizing Institution
                                                                                         Date
Certified in Risk and Information Systems Control (CRISC)                         November 27–30, 2023      ISACA
                                                                                  November-December
Presentation Slide Design & Communication Skill                                                             PT Bank Negara Indonesia
                                                                                  2023
                                                                                  November-December
Project Manajemenrt Inbound                                                                                 PT Bank Negara Indonesia
                                                                                  2023
Mobile Apps Development                                                           December 1–31, 2023       Time Door Academy
 Conflict Management & Leadership                                                 December 2, 2023          PT. GRC Training
                                                                                  December 5, 13, 19 &
 BNI Corporate Innovation – Innovation Playbook                                                             BNV
                                                                                  21 2023
 Carbon Trading Workshop (Carbon Trading) for the Financial Services Industry     December 5–7 2023         Financial Services Authority (FSA)
 Risk Governance & Leadership                                                     December 6, 2023          ERMA
 Presentation Slide Design & Communication Skill                                  December 7–8, 2023        BNV
 Model Risk Management by KPMG                                                    December 13, 2023         KPMG
 Qualified Chief Risk Officer (QCRO) CRMS Masterclass                             December 13, 2023         LSP Mitra Kalyana Sejahtera
 Training of Presentotion & Communicotion Skill                                   December 13-14, 2023      PT Bank Negara Indonesia
 Training Problem Solving and Decision Making                                     December 17, 2023         GRC Training
 Maintenance of Risk Management Certification (SMR) Qualification Level 4
                                                                                  December 18, 2023         PT Bank Negara Indonesia
 (equivalent to level 1)
 Risk Management Certification Refreshment                                        December 18–19, 2023      PT Bank Negara Indonesia
 Maintenance of Risk Management Certification (SMR) Qualification Level 5
                                                                                  December 19, 2023         PT Bank Negara Indonesia
 (equivalent to level 2)



RISK MANAGEMENT CERTIFICATION
Up until December 31 2023, risk management certification was implemented to increase professionalism, performance,
develop personal potential and to support the risk management duties. The certification carried out was as follows:
 Certification Level                                                   Position                                       Number of Employees
                                    Assistant                                                                                     2
                                    Assistant Manager                                                                            552
                  1
                                    Manager                                                                                       80
                                    Assistant Vice President                                                                      8
                                    Manager                                                                                       74
                  2
                                    Assistant Vice President                                                                      3

                  3                  Assistant Vice President                                                                     14

                                     Assistant Vice President                                                                     1
                  4                  Vice President                                                                               33
                                     Senior Vice President                                                                        2



RISK MANAGEMENT SYSTEM

REALIZATION OF TARGETS AND STRATEGIC INITIATIVES FOR RISK MANAGEMENT IMPLEMENTATION IN 2023
Throughout 2023 BNI has set a number of strategic targets and initiatives for implementing risk management as follows:
a. Credit Risk
   1. Conduct a review of the 2023 Credit Risk Appetite;
      i) Calculation of Risk Weighted Assets (RWA) for Credit Risk in 2023.
      ii) Calculating Credit Risk RWA using the Standard method according to SEOJK No.42/SEOJK.03/2016;
      iii) Conduct trial calculations for BNI Credit Risk ATMR in accordance with SEOJK No.24/SEOJK.03/2021 for the
           position at the end of December 2022;
      iv) Implementation of Credit Risk RWA calculations using the Standard method in accordance with SEOJK No.24/
           SEOJK.03/2021 from the position of the reporting month January 2023;




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           2. Conduct BNI Credit Risk RWA Calculation Analysis.        25. Implementation (piloting/full implementation)
           3. Prepare quantitative disclosures of Credit Risk              of application/behavior/collection scorecard for
               exposure in 2023;                                           consumer credit products, mass retail (e.g. BNI
           4. Carry out credit risk stress testing in 2023;                Wirausaha and KUR) and Retail segment up to
           5. Carry out Credit Risk analysis/assessment on new/            Rp. 10 billion using a scoring system on the loan
               existing Bank products, activities and transactions;        application system/Integrated Decision Automated
           6. Reviewing the parameters, measurement/                       System (IDEAS);
               methodology of the 2023 Credit Risk Profile;            26. Enhance IDEAS through adding internal data,
           7. Support updating the BNI Recovery Plan document              external data and integration of surrounding
               for 2023/2024;                                              systems;
           8. Prepare a review document for Credit Risk                27. Developing a Governance Scorecard related to
               Management Procedures for 2023;                             monitoring and reviewing scoring and modeling
           9. Conduct a review of BNI's 2023 Loan Exposure                 for consumer and mass retail credit products (e.g.
               Limit (LEL);                                                BNI Wirausaha and KUR) and the Retail segment
           10. Reviewing the 2023 Credit Risk Premium (CRP)                that uses a scoring system;
               calculation;                                            28. Company profiling and prioritization for BNI Fleksi
           11. Conduct loan portfolio analysis/study including             marketing.
               study of 25 core debtors and Non-Performing Loan        29. Prepare analytical reports for consumer and retail
               (NPL) analysis;                                             portfolios;
           12. Calculating and reporting BNI's credit quality,         30. Carrying out external credit scoring backtesting as
               including restructuring credit, to regulators;              well as assistance in determining Risk Acceptance
           13. Monitoring available loan space periodically;               Criteria (RAC) and mitigating credit risks related
           14. Preparing Unsecured and Secured LGD Models for              to plans for collaboration with Bank partners as
               IFRS 9 calculations;                                        providers of technology-based financial services;
           15. Reviewing financial ratio standards per industry        31. Conduct studies related to financial ratio alerts per
               for 2023;                                                   economic sector for KUR products.
           16. Prepare a review of the Industry Risk Rating (IRR)      32. Carrying out the rerating process for debtors in
               for 2023;                                                   the Corporate segment, Enterprise & Commercial
           17. Carrying out risk analysis/studies in the economic          segment for the formation of CKPN;
               sector;                                                 33. Prepare analytical reports for consumer and retail
           18. Prepare a review of the 2023 Industry Risk Appetite         portfolios;
               for the Corporate segment, Enterprise & Commercial      34. Supporting the end-to-end Credit Processing
               segment;                                                    development process by assisting with the
           19. Prepare Risk Acceptance Criteria per Economic               document preparation process, Proof of Concept
               Sector for the Corporate segment, Enterprise &              (POC) and User Acceptance Test (UAT) Loan
               Commercial segment, Retail segment, Overseas                Management System (LMS);
               Offices, Non-Financial Institutions;                    35. Carrying out joint development of Single Integrated
           20. Implementing the Internal Rating System (IRS) and           Monitoring model for the Corporate segment,
               Financial Institution (FI)/Bank as well as monitoring       Enterprise segment & Commercial of Retail segment;
               the implementation of the rating system in the          36. Carrying out credit risk assessments, backtesting
               Corporate segment, Enterprise & Commercial                  external credit scoring as well as assistance in
               segment, Retail segment, and reviewing the use              determining Risk Acceptance Criteria (RAC) and
               of external ratings;                                        mitigating credit risks related to cooperation plans
           21. Developing the IRB model and improving the debtor           with Bank partners as providers of technology-based
               rating system in the Corporate segment, Enterprise          financial services;
               & Commercial segment, Retail segment                    37. Implementation of the Credit Card Behavior
           22. Monitoring the Early Warning System (EWS) system            Scorecard to support Customer Management
               in the corporate segment for public companies;              Programs such as Increase Limit Program (CLIP),
           23. Develop, review and/or calibrate credit scoring             Shadow Limit, LOP and Win Back;
               (application/ behavior/ collection) and other risk      38. Active support in implementing the Digital Loan
               modeling through the use of internal (customer              Program through eFORM (Credit Card), KUR
               level) and external data for Consumer, Mass Retail          (BNI Move) and Mbanking (BNI Fleksi) which are
               and Retail segment Credit Products up to IDR 10             integrated with IDEAS;
               Billion;                                                39. Calibrate and update Control Testing (CT) for the
           24. Developing scorecard models for consumer                    Enterprise & Commercial segment;
               products (Credit Cards and BNI Griya) as well as        40. Become a risk advisor for the development and
               KUR products with ensemble methods that combine             implementation of the BNI Internal Credit Risk
               machine learning models;                                    Model through the process of understanding,
                                                                           evaluating, replicating and recommending all
                                                                           strategic methodology or model developments.
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    41. Validating the methodology for the Application,                    12. Monitoring and analyzing the accuracy of reports
        Behavior and Collection Credit Scorecard of credit                     and the fairness of profit and loss reports;
        products and the BNI Rating Model in order to                      13. Carrying out measurements, monitoring and
        support the bank's business targets and fulfill                        analysis of securities portfolios regarding holding
        regulatory requirements.                                               periods & significance limits;
    42. Carrying out first validation for the Credit Risk Stress           14. Carrying out preparation and analysis of risk
        Test at the Bottom up StressTest and Recovery Plan                     measurement and monitoring of securities
        (RP) to ensure the suitability of the calculations is                  purchases;
        able to provide an overview of the Bank's resilience               15. Monitoring and analyzing the realization ofTreasury
        in extreme conditions;                                                 and KLN budget losses;
    43. Carrying out advisory models, first validation                     16. Monitoring the transaction authority/deal size of
        and backtesting of Expected Credit Loss (ECL)                          Treasury and KLN dealers;
        calculations using International Financial Reporting               17. Preparing studies and providing input on the
        Standards (IFRS 9 / PSAK 71) along with the ECL                        preparation of treasury business operational policies
        forming components (PD/LGD/EAD).                                       and strategies;
                                                                           18. Carrying out advisory functions in implementing
b. Market Risk                                                                 risk management in treasury and PSF portfolios.
   1. Reviewing and developing Market Risk Management                      19. Manage market risk monitoring systems/
       Strategy and Framework;                                                 applications;
   2. Reviewing and developing Risk Appetite and Risk                      20. Developing, compiling and analyzing Market Risk
       Tolerance for Market Risk in 2023;                                      monitoring using internal models (value at risk/VaR)
   3. Review and develop Market Risk Management                                on Treasury and KLN portfolios;
       Policies, Procedures and Methodologies for both                     21. Evaluate the calculation of BNI's Interest Rate Risk
       the Banking Book and Trading Book;                                      in Banking Book (IRRBB) individually, and compile
   4. Reviewing policy documents, procedures,                                  and analyze the development of BNI's IRRBB on a
       methodology and IRRBB (Interest Rate Risk In                            consolidated basis;
       Banking Book) reporting for BNI Individual and                      22. Carry out calculations and analyze the adequacy
       Consolidated;                                                           of BNI Individual and Consolidated market risk
   5. Developing and reviewing Market Risk models/                             capital using the Standardized Model, namely Risk
       methodologies which include:                                            Weighted Assets (RWA) Market Risk on a regular
       i) Market Risk Profile Parameters;                                      basis;
       ii) Market Risk Stress Testing;                                     23. Carrying out backtesting on Value at Risk (VaR);
       iii) Financial Instrument Valuation;                                24. Validate the Market Risk model;
       iv) Risk Weighted Assets (RWA) Market Risk.                         25. Developing, compiling and analyzing exchange rate
   6. Prepare qualitative disclosures of Market Risk                           and interest rate stress testing calculations (market
       related to applicable Internal and External Policies;                   risk stress testing) in accordance with Regulator
   7. Carrying out consultation (advisory) functions                           requests and internal needs to provide an overview
       regarding Market Risk policies;                                         of the Bank's resilience in conditions of extreme
   8. Developing, reviewing and proposing market risk                          interest rate and exchange rate movements;
       limits for the BNI portfolio, which includes:                       26. Prepare a scenario analysis and analyze the results of
       i) Market Risk Limit (VaR, Budget Loss, Stress                          the scenario analysis and submit it to Management
            VaR);                                                              in the form of a scenario analysis of the impact of
       ii) Review EWS Forex parameters;                                        changes in BNI's conditions in the Recovery Plan
       iii) Review EWS parameters for Securities;                              document;
       iv) Review Off Market Price parameters;                             27. Monitoring, calculating and compiling individual
       v) Review JIBOR Quotation Fairness parameters;                          market risk profiles and providing advice on the
       vi) Review the IRRBB Modeling results.                                  preparation of risk profiles for Subsidiary on a
   9. Vasicek Remodeling ofTreasury instruments for the                        regular basis;
       purposes of IFRS 9;                                                 28. Develop, compile and analyze market risk disclosures
   10. Monitoring and controlling treasury business                            related to quantitative monitoring based on BNI's
       risks (market risk, credit risk, operational risk and                   market risk development monitoring activities.
       compliance risk);                                                   29. Carry out Market Risk analysis/assessment on
   11. Monitoring and controlling treasury product &                           the Bank's new/existing products, activities and
       business performance at the Head Office and                             transactions and prepare risk mitigation proposals
       Overseas Branch Offices (KCLN);                                         and submit them to the relevant units;
                                                                           30. Validating and backtesting the VaR/sVaR model to
                                                                               ensure the VaR model is able to estimate potential
                                                                               losses that may occur in the Head Office and Foreign
                                                                               Office portfolios;


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           31. Validate the Interest Rate Risk in Banking Book             4. Carry out analysis and assessment of Operational
               (IRRBB) calculation to test the feasibility level of           Risk on new/modified Bank products, activities and
               the model.                                                     transactions;
                                                                           5. Manage, implement, evaluate and develop
      c. Liquidity Risk                                                       Operational Risk and Business Continuity
         1. Prepare review documents for Liquidity Risk                       Management (BCM) tools;
             Management Policies and Procedures;                           6. Manage operational risk management processes,
         2. Conduct limit reviews and develop Liquidity                       including the adequacy of operational risk
             Risk Management Policies, Procedures and                         identification, measurement, monitoring and
             methodologies, which include:                                    control processes including Business Continuity
             i) BNI Wide and Regional Rupiah and Foreign                      Management (BCM).
                  Currency cash ceilings;
             ii) Safety Level Limits for both Rupiah and Foreign      e. Legal Risk
                  Currency;                                              1. Reviewing Legal Policy
             iii) Maturity Profile Limits in both Rupiah and             2. Reviewing Legal Risk Management Procedures
                  Foreign Currency;                                      3. Carrying out legal analysis/studies in the form of
             iv) Early Warning Indicators for both Rupiah and                providing written and verbal advice
                  Foreign Currency.                                      4. Carrying out legal counseling/training;
         3. Reviewing and developing Policies, Procedures and            5. Carrying out legal reviews of non-standard
             methodologies for Domestic and Overseas Branch                  agreements using the scoring system calculation
             Office Liquidity Risk Management;                               method;
         4. Prepare individual and consolidated BNI policy,              6. Provide assistance to business units related to
             procedure, methodology and Liquidity Coverage                   business activities;
             Ratio (LCR) reporting documents;                            7. Handling and resolving legal cases;
         5. Prepare individual and consolidated BNI policy,              8. Supervise case handling;
             procedure, methodology and Net Stable Funding               9. Carry out Legal Risk analysis/assessment on new/
             Ratio (NSFR) reporting documents;                               existing Bank products, activities and transactions;
         6. Monitoring and analyzing cash management per                 10. Reviewing the parameters and measurements of
             region;                                                         the Legal Risk Profile;
         7. Prepare quantitative disclosures of Liquidity Risk           11. Carrying out legal reviews and following the Credit
             exposure;                                                       Committee on credit proposals decided by the Board
         8. Carrying out Liquidity Risk stress testing according             of Directors
             to schedule (business as usual), monitoring and
             analyzing the development of incidental liquidity        f.   Reputation Risk
             risk stress testing parameters and recovery plan              1. Review Reputation Risk Management Procedures;
             scenario analysis;                                            2. Submitting answers/responses to the mass media
         9. Carrying out Liquidity Risk analysis/assessment                   regarding customer complaints/complaints against
             on new/existing Bank products, activities and                    BNI;
             transactions;                                                 3. Maintain BNI's reputation and image towards all
         10. Reviewing Liquidity Risk Appetite Risk;                          stakeholders;
         11. Review the parameters and measurements of the                 4. Carry out Reputation Risk analysis/assessment on
             Liquidity Risk Profile;                                          the Bank's new/existing products, activities and
         12. Monitor liquidity periodically;                                  transactions;
         13. Prepare the 2023/2024 BNI Recovery Plan document;             5. Reviewing the parameters and measurements of
         14. Monitor Pension Fund Liquidity.                                  the Reputation Risk Profile.

      d. Operational Risk                                             g. Strategic Risk
         1. Prepare, evaluate and submit proposals for                   1. Reviewing Strategic Risk Management Procedures;
            determining Operational Risk Appetite and Risk               2. Sharpen long-term strategies and targets in the
            Tolerance in 2023;                                              2022-2023 Corporate Plan which focuses on digital-
         2. Prepare, evaluate and submit proposed reviews                   based business development;
            of Procedures and Technical Instructions for                 3. Prepare short-term plans in the Directors' General
            Operational Risk Management including the                       Policy (KUD) by considering macroeconomic
            duties and responsibilities of SORX and Business                conditions and industrial competition, as well as
            Continuity Management (BCM);                                    competitive assessment of peers;
         3. Carry out calculations and validation of Operational         4. Prepare medium-term plans in the Bank Business
            Risk Weighted Assets (RWA) using the Standard                   Plan (RBB) by strengthening unit strategy alignment
            Approach method in accordance with SEOJK No.6/                  in an effort to achieve corporate strategies and
            SEOJK.03/2020 dated 29 April 2020;                              targets;


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    5. Conduct socialization of strategies and targets that               i.   Risk Integration
        have been set in the KUD and RBB to all Divisions/                     1. Reviewing Risk Management Policies: General Risk
        Units/Units/Regions;                                                       Management Policy (KUMR) and General Internal
    6. Carry out continuous organizational improvements,                           Control System Policy (KUSPI);
        in particular by strengthening branch and regional                     2. Reviewing Risk Integration Procedures in the Risk
        offices, structuring business support functions, and                       Culture Chapter;
        reviewing business processes related to digital                        3. Carry out analysis and assessment of BNI Health
        business models;                                                           Levels individually;
    7. Sharpening information and reviews regarding                            4. Conduct analysis and assessment of BNI's Risk Profile
        world, national, regional economic and business                            and provide suggestions and recommendations for
        conditions and the latest business potential of                            improvement;
        subsidiary to broaden horizons and assist in                           5. Calculating BNI's Minimum Capital Requirement
        strategic decision making;                                                 (KPMM) according to the Risk Profile;
    8. Prepare studies related to BNI's priority                               6. Analyze 8 (eight) types of risk in Internal Risk
        sectors (including Industry Overview, industry                             Analysis (IRA);
        characteristics, Key Success Factors & Key Risk                        7. Optimizing the preparation of risk strategies and
        Factors, industrial developments studied, BNI's                            Risk Appetite which are in line with business goals
        financing portfolio and lessons learned regarding                          and strategies;
        this financing, as well as the Industrial Outlook);                    8. Preparation of BNI Risk management implementation
    9. Evaluate and monitor the realization of the                                 documents in the Bank Business Plan;
        achievement of strategies and targets set in the                       9. Monitoring Risk Appetite and Risk Tolerance;
        KUD, RBB and Business Plan Unit;                                       10. Preparing disclosures regarding Bank Risk
    10. Reviewing and monitoring new products and                                  Management Implementation;
        activities, especially related to digital products and                 11. Carry out risk analysis/assessment on the Bank's
        activities;                                                                new/existing products, activities and transactions;
    11. Carrying out Strategic Risk assessments on new/                        12. Prepare the 2023/2024 Recovery Plan Document;
        existing Bank products, activities and transactions;                   13. Reviewing the company's Recovery Plan guidelines;
    12. Reviewing the parameters and measurements of                           14. Carrying out analysis and monitoring of the
        the Strategic Risk Profile.                                                Threshold Recovery Plan;
                                                                               15. Improving risk culture, coordinating with the culture
h. Compliance Risk                                                                 specialist group;
   1. Reviewing Compliance Work Procedures;                                    16. Reviewing the parameters and methodology for
   2. Reviewing Compliance Risk Management                                         measuring the BNI Risk Profile;
       Procedures;                                                             17. Developing Branch Level Risk Profile initiatives
   3. Ensure that policies, provisions, systems and                                (including calculation methodology, parameters
       procedures as well as business activities carried                           and implementation);
       out by the Bank are in accordance with regulatory                       18. Prepare Risk Management Implementation and
       provisions and applicable laws and regulations;                             Monitoring Reports to the Ministry of BUMN;
   4. Monitor and maintain the Bank's compliance with                          19. Compile Risk Data for Draft Company Work Plan and
       commitments to Bank Indonesia, the Financial                                Budget (RKAP) to the Ministry of BUMN;
       Services Authority and other Authorities;                               20. Prepare a follow-up to the resolvability test of the
   5. Develop and improve compliance tools/systems                                 2022 BNI Resolution Plan document.
       and communication media (Compliance Forum);
   6. Implement and evaluate compliance index;                            j.   Integrated Risks of BNI Financial Conglomerate
   7. Carry out Compliance Risk assessments on new/                            1. Review the Integrated Risk Management and
       existing Bank products, activities and transactions;                        Integrated Capital (KUMRT) Policy
   8. Reviewing the parameters and measurements of                             2. Review and develop procedures for implementing
       the Compliance Risk Profile;                                                Integrated Risk Management
   9. Manage compliance risks;                                                 3. Review the 2023 Integrated Risk Appetite Statement
   10. Gratification Control and Anti-Bribery;                                     and Integrated Risk Limits
   11. Monitor compliance functions in Subsidiaries and                        4. Conduct Integrated Risk Appetite monitoring
       Overseas Offices.                                                           analysis
                                                                               5. Conduct Integrated Risk Limit monitoring analysis
                                                                               6. Carry out analysis and assessment of Bank Health
                                                                                   Levels on a consolidated basis




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      Performance                Report                    Profile           Analysis on Company Performance         Functions




           7. Carry out analysis and assessment of BNI's Risk         In carrying out Integrated Risk Management Governance,
               Profile in a consolidated and integrated manner        apart from complying with the Financial Services Authority
               and provide suggestions and recommendations            Regulations above, BNI is also subject to the SOE Ministry
               for improvement                                        Regulation No. PER-2/MBU/03/2023 where BNI meets the
           8. Calculating BNI's Minimum Capital Requirements          characteristics of a Conglomerate SOE with Systemic risk
               (KPMM) in a consolidated and integrated manner         classification A.
           9. Analyzing and monitoring the main risks of all
               LJK members of the BNI Financial Conglomerate          BNI BUSINESS GROUP STRUCTURE
               through the Leading Risk Indicator (LRI)               1. BNI Legal Entity
           10. Prepare monitoring and review documents for the           Based on the composition of share ownership, 60% BNI
               implementation of integrated risk management in           shares are owned by the Government of the Republic
               the BNI Financial Conglomerate                            of Indonesia, while the remaining 40% are owned by
           11. Ensure that all Financial Services Institutions/          the public, including individual, institutional, domestic
               Subsidiary have policies and procedures related           and foreign shareholders. Ownership of Indonesian
               to the implementation of risk management                  Government is represented by SOE, while foreign
           12. Provide guidance and input to Subsidiary in               public ownership is through foreign institutions.
               implementing Risk Management                              For domestic public ownership, including through
           13. Organizing Integrated Risk Management Committee           mutual funds, pension funds, foundations, companies,
               (KMRT) meetings and providing input to KMRT               insurance, other domestic institutions and ownership
               in the context of preparing recommendations for           by individuals
               policies, strategies and Integrated Risk Management    2. Ultimate Shareholders
               frameworks                                                The majority ownership of BNI shares is the SOE
           14. Carrying out integrated stress testing                    Ministry as the representative of the Indonesian
           15. Prepare a gap analysis of the risk management             Government at the General Meeting of Shareholders
               organs of each subsidiary in accordance with BUMN         with ownership of 60%.
               Ministerial Regulation No. PER-2/MBU/09/2023;          3. Related Companies (Sister Company)
           16. Prepare a follow-up to the results of the integrated      Based on article 4 POJK No. 17/POJK.03/2014 dated 18
               risk culture survey in 2023.                              November 2014, related companies (sister companies)
                                                                         are several Financial Services Institutions (LJK) that
      INTEGRATED RISK MANAGEMENT                                         are institutionally and/or legally separate but owned
      GOVERNANCE                                                         and/or controlled by the same controlling shareholder.
                                                                         The main controlling shareholder of BNI is the
      In general, the scope of integrated risk management                Government of the Republic of Indonesia which is also
      arrangements in accordance with the OJK Regulation                 the majority owner of other state-owned companies
      No.17/POJK.03/2014 concerning the Implementation of                operating in the Financial Services Institutions industry.
      Integrated Risk Management for Financial Conglomerates             However, based on the POJK, relationships between FSI
      and the OJK Circular Letter No. 14/SEOJK.03/2015 include:          that are owned and controlled directly by the Central
      1. The Financial Conglomerate (KK) must implement                  Government of the Republic of Indonesia are excluded
          Integrated Risk Management.                                    from the definition of Financial Conglomeration, so that
      2. The Financial Conglomerate’s Financial Services                 Himbara banks are not BNI sister companies
          Institutions (FSI) are as follows:                          4. Subsidiaries
          a. Bank;                                                       BNI has capital placements in 5 (five) subsidiaries
          b. Insurance/Reinsurance Companies;                            with majority ownership and as controlling entities,
          c. Securities Companies;                                       and 6 (six) financial services institutions with minority
          d. Financing Companies                                         ownership and not as controlling entities as well as 2
      3. The Financial Conglomerate must have a Main Entity.             (two) subsidiaries.
          In the event that the Financial Conglomerate structure
          consists of a parent FSI and subsidiary FSI, the Main
          Entity is the parent FSI.




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          Practices                     Governance                                      Responsibility                     Commitment                                      Statements




                                                                                     BNI Business Group Structure




                 Financing                     Securities                            Life Insurance                             Remittance                        Digital Banking                  BNI Ventures
   MAYORITY




                                                                                                                                                                                                        Ventures
               1983 | 99,99%               1995 | 75,00%                            1996 | 60,00%                              1996 | 100,00%                     1993 | 63,92%                     2022 | 99,98%




                                                                                          25,00%                                    40,00%                                      36,08%                 0,02%




                               Investment Manager         Securities
                                                                                                                                                                                 Mayora
                                                                                                                                                                                 Inti
                                                                                                                                                                                 Utama

                                 2011 | 99,90%         2021 | 100,00%
   MINORITY




                                               Securities Rating                Central Custodian                          Banking                           Banking                 Banking




                                                1994 | 0,122%                    1998 | 1,00%                            2003 | 1,00%                   2004 | 0,15%               2021 | 23,24%

  Notes:
  1. In 2022, BNI officially acquired Bank Mayora as a new bank subsidiary and established a new subsidiary, namely BNI Ventures.
  2. Until now, BNI does not have a joint venture company or Special Purpose Vehicle (SPV).




In accordance with POJK No. 17/POJK.03/2014 concerning                                                       2. LJK member of the Financial Conglomeration:
the Implementation of Integrated Risk Management for                                                            a. PT BNI Multifinance
Financial Conglomerates (KK), Financial Services Institutions                                                   b. PT BNI Sekuritas
(LJK) included in the KK include bank LJK types, insurance                                                      c. PT BNI Life Insurance
and reinsurance companies, securities companies and/or                                                          d. PT BNI Asset Management
finance companies, including subsidiaries.                                                                      e. BNI Securities Pte Ltd
                                                                                                                f. PT Bank Hibank Indonesia
The structure of the BNI Financial Conglomeration is
determined considering the conformity of the Subsidiary                                                      Based on the composition of BNI's share ownership in LJK
Entity's type of business with OJK provisions and                                                            members of the BNI KK as of 31 December 2023, BNI's
considering the significance of BNI's participation in each                                                  ownership in each LJK member of the BNI KK, namely:
LJK Subsidiary that is a member of the BNI KK.                                                               1. BNI Multifinance 99.99%
The structure of the BNI Financial Conglomeration consists                                                   2. BNI Sekuritas 75.00%
of:                                                                                                          3. BNI Life 60.00%
1. Main Entity: PT Bank Negara Indonesia Persero Tbk.                                                        4. BNI Asset Management 99.90%
                                                                                                             5. BNI Securities Pte Ltd 100.00%
                                                                                                             6. Bank Hibank Indonesia 63.92%



The following is the BNI Financial Conglomeration Structure:

                                                                       BNI Financial Conglomeration Structure:




                                   Financing                       Securities                    Insurance      Digital Bank                    Remittance                Venture Capital


                                                                                                                                                                                  Ventures




                                           Asset Management                        Securities
                                                                                                                                                     Conglomerate SOE
                                                                                                                                                     Financial Conglomeration




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      In accordance with BUMN Ministerial Regulation No. PER-2/MBU/03/2023, the obligation to fulfill risk management organs
      is adjusted to the category and classification of BUMN and BUMN Subsidiaries with the provisions


        Risk Management Organs                              Systemic A               Systemic B                Significant               Neutral
        Board of Commissioners/Supervisory
        Board


        Board of Directors


        Audit Committee


                                                                                                                                    Concurrently Audit
        Risk Monitoring Committee
                                                                                                                                       Committee


        Integrated Governance Committee                                            Concurrently KPR         Concurrently KPR

                                                                                                          Concurrently Director    Concurrently Director
        Director in charge of Risk Management                                                             in charge of Financial   in charge of Financial
                                                                                                              Management               Management

        Director in charge of Financial Management


        SPI (Internal Audit Function)




      As a Conglomerate BUMN, BNI and Subsidiaries have fulfilled the obligation to fulfill the risk management organs
      required by KBUMN based on the Risk Classification of each Company with the following details:
                                           BNI         BNIS
        Risk Management                                            BNIAM         BNIMF        BNIL        HIBANK         BSPL        BRL           BNV
                                        (Systemic    (Systemic
        Organs                                                    (Neutral)     (Neutral)   (Neutral)    (Neutral)     (Neutral)   (Neutral)     (Neutral)
                                            A)           B)
               Board of
               Commissioners/
         1
               Supervisory
               Board

         2     Board of Directors


         3     Audit Committee


               Risk Monitoring
         4
               Committee**

               Integrated
         5     Governance                            Independent Committee/Sharia Supervisory Board (BNIL) as member of BNI KTKT
               Committee
               Director in
         6     charge of Risk
               Management**
               Director in charge
         7     of Financial
               Management

               SPI (Internal Audit
         8
               Function)



      In implementing Integrated Risk Management, the BNI Financial Conglomeration has a joint commitment to carry out
      the duties and responsibilities of each LJK as outlined in the Corporate Charter which has been approved and signed by
      the President Director/President Director of all LJK Members of the BNI Financial Conglomeration.




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          Practices          Governance             Responsibility                Commitment                  Statements




Financial Conglomerates are required to implement                        3. Pillar III
effective Integrated Risk Management, covering 4 (four)                     Adequacy of integrated risk identification, measurement,
pillars, namely:                                                            monitoring and control processes and integrated risk
1. Supervision of the Main Entity's Board of Directors and                  management information systems, namely:
    Board of Commissioners;                                                 a. Determine the Integrated Risk Profile methodology
2. Adequacy of Integrated Risk Management policies,                             and carry out assessments every semester and
    procedures and limits;                                                      report to the Financial Services Authority;
3. Adequacy of the integrated risk identification,                          b. Determine the methodology for calculating the
    measurement, monitoring, control processes and the                          Integrated Minimum Capital Requirement (KPMM),
    Integrated Risk Management Information System; And                          carry out calculations every semester and report to
4. Comprehensive internal control system for the                                the Financial Services Authority;
    implementation of Integrated Risk Management.                           c. Determine integrated risk appetite parameters and
                                                                                methodology, carry out quarterly monitoring and
In implementing Integrated Risk Management, BNI as the                          report to the Director in charge of Integrated Risk
Main Entity has done the following:                                             Management;
1. Pillar I                                                                 d. Determine the parameters and methodology of
    supervision of the Main Entity's Board of Directors and                     Integrated Risk Limits, carry out monitoring every
    Board of Commissioners, namely:                                             quarter and report to the Director in charge of
    a. Forming the BNI Financial Conglomeration                                 Integrated Risk Management;
       Structure;                                                           e. Determine the parameters and methodology for
    b. Appoint a Director who oversees the Integrated Risk                      the Leading Risk Indicator (LRI) assessment, carry
       Management function;                                                     out monthly monitoring and report to the Director
    c. Establish an Integrated Risk Management Committee                        in charge of Integrated Risk Management;
       and an Integrated Risk Management Work Unit;                         f. Carrying out integrated stress testing of exchange
    d. Prepare a Corporate Charter which has been signed                        rate volatility and interest rates at the BNI Financial
       by the President Director / President Director of all                    Conglomerate; as well as
       LJK Members of the BNI Financial Conglomerate;                       g. Developing a technology-based Integrated Risk
    e. Implement an Integrated Risk Management                                  Management Information System.
       Committee (KMRT) at least 2 (two) times a year;                   4. Pillar IV
    f. The Board of Directors prepares a General Policy                     Comprehensive internal control system for the
       for Integrated Risk Management (KUMRT) and an                        implementation of Integrated Risk Management,
       Integrated Capital Policy and carries out a review                   namely:
       at least 1 (one) time in 1 (one) year;                               a. Continuously disseminate Integrated Risk
    g. The Board of Commissioners gives approval to the                         Management to all LJK Members of the BNI
       General Policy for Integrated Risk Management                            Financial Conglomerate; And
       (KUMRT) and Integrated Capital Policy and carries                    b. Monitoring the implementation of Integrated
       out evaluations at least 1 (one) time in 1 (one) year;                   Risk Management of all LJK members of the BNI
       as well as                                                               Financial Conglomerate.
    h. Determine integrated risk appetite and risk tolerance
       in the BNI Financial Conglomeration.                              STATEMENT OF THE BOARD OF
2. Pillar II                                                             DIRECTORS AND/OR BOARD OF
    Adequacy of Integrated Risk Management policies,                     COMMISSIONERS REGARDING THE
    procedures and limits, namely:                                       ADEQUACY OF RISK MANAGEMENT
    a. Prepare and review the General Policy for Integrated
       Risk Management (KUMRT) and Integrated Capital                    Based on the results of reviews and discussions with
       Management;                                                       Management, Risk Monitoring Committee, Integrated
    b. Develop Integrated Risk Management Procedures                     Governance Committee, Audit Committee, Independent
       including Intra-groupTransaction Risk Management                  Auditor, Internal Auditor and several related Divisions,
       Procedures;                                                       the Board of Directors and Board of Commissioners
    c. Develop Integrated Risk Profile Assessment                        assess that BNI's risk management has been adequate in
       Procedures;                                                       managing risks as reflected in the results of the review.
    d. Develop Integrated Capital Management Procedures;                 on the completeness and accuracy of risk identification,
       as well as                                                        measurement, monitoring, control and reporting, as well
    e. Establish integrated risk limits and escalation                   as on the adequacy of the mitigation scenarios proposed
       mechanisms for exceeding limits.                                  by operational work units.




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      Legal
      Cases

      In 2023, the Company is facing a number of legal cases in the form of civil cases accompanied by demands for payment/
      compensation against the company and criminal cases which have entered the trial process, both of which have been
      completed (with permanent legal force/inkracht), or are still in the process of being resolved. In detail, information
      regarding the cases faced by the Company is as follows:

                                                                                                                            Total
          No         Case Settlement Status
                                                                                                          Civil                               Criminal
             1       Case Settled (has permanent legal force/ inkracht)                                    98                                    4
             2       Case In Settlement Process                                                           280                                    4
       Total                                                                                              378                                    8


      LEGAL CASES FACED BY THE COMPANY

      Based on the table above, there are several important cases facing the company with the following details

      CIVIL CASES

                                                                                                                                Sanctions
                                                                          Case          Risks Faced          Management          Imposed
        No          Case                          Main Case                                                                                          Case Value
                                                                         Status          by Banks              Efforts              by
                                                                                                                                Authorities
                    Case No. 204/              The Unlawful Action     In the          There is a risk       The Bank has       There isn't         Material:
                    Pdt.G/2020/                Lawsuit relates to      process         of refunding the      submitted          any             IDR2,866,250,000,-
                    PN. Amb                    the Bank's alleged      of judicial     amount of the         legal action
                                               negligence which        review at the   court decision        for Judicial                            Immaterial:
                    Between:                   resulted in the theft   Supreme         and reputation        Review and                                  -
                                               of customer funds       Court of the    risk but this         submitted a
                    Plaintiff:                 by individual Bank      Republic of     does not have         Memorandum
                    1. Imran Laisouw           employees who           Indonesia       a significant         of Judicial
                    2. Sitti Laila Latuapo,    have been found                         impact on the         Review that
           1            S.P.                   guilty of committing                    bank.                 supports the
                    3. Risman                  a criminal act based                                          Bank's position
                    4. Suriani                 on a Court Decision.                                          and is currently
                    5. Faisal Kotalima                                                                       awaiting the
                                                                                                             Judicial Review
                    Against                                                                                  Decision.

                    Defendant:
                    BNI


                    Case No. 112/Pdt.G/2021/   The Unlawful Action     In the          There is a risk       The Bank has       There isn't         Material:
                    PN. Amb                    Lawsuit relates to      process         of refunding the      submitted          any             IDR29,777,316,513,-
                                               the Bank's alleged      of judicial     amount of the         legal action
                    Between:                   negligence which        review at the   court decision        for Judicial                            Immaterial:
                                               resulted in the theft   Supreme         and reputation        Review and                                  -
                    Plaintiff:                 of customer funds       Court of the    risk but this         submitted a
                    1. Johny Widjaya           by individual Bank      Republic of     does not have         Memorandum
                    2. Elya Puspita            employees who           Indonesia.      a significant         of Judicial
                    3. Jovelin Jaguenetta      have been found                         impact on the         Review that
                        Widjaja                guilty of committing                    bank.                 supports the
           2        4. Fajar Madya             a criminal act based                                          Bank's position
                    5. Muhammad La             on a Court Decision.                                          and is currently
                        Bawe                                                                                 awaiting the
                    6. Dustin Fendi Earja                                                                    Judicial Review
                    7. Edwin Dorsalam                                                                        Decision.

                    Against
                    Defendant:
                    BNI




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          Practices               Governance                      Responsibility               Commitment                   Statements




                                                                                                                        Sanctions
                                                                   Case            Risks Faced      Management           Imposed
 No        Case                          Main Case                                                                                          Case Value
                                                                  Status            by Banks          Efforts               by
                                                                                                                        Authorities
           Case No. 471/             The claim was             In the            There is a risk    The Bank has        There isn't          Material:
           Pdt.G/2021/               against the law           cassation         of refunding the   submitted           any              IDR16,250,000,000
           PN. Mks                   because the Bank          level             amount of the      a Contra
                                     refused the request       examination       court decision     Memorandum                              Immaterial:
           Between:                  for disbursement of       process at        and reputation     of Cassation                                -
                                     deposits on behalf        the Supreme       risk but this      which supports
           Plaintiff:                of the Plaintiffs,        Court of the      does not have      the Bank's
           1. Hendrik                where in fact there       Republic of       a significant      position and
    3      2. Heng Pao Tech          was an allegation of      Indonesia.        impact on the      is currently
                                     forgery of deposit                          bank.              awaiting the
           Against                   slips carried out by                                           Cassation
                                     unscrupulous Bank                                              Decision.
           Defendant:                employees which
           BNI                       had been criminally
                                     reported by the Bank.



           Case No. 776/             The Lawsuit for           In the            There is a risk    The Bank has        There isn't          Material:
           Pdt.G/2020/               Unlawful Actions          cassation         of refunding the   submitted           any                 €6,900,000,-
           PN. Jkt. Brt              relates to allegations    level             amount of the      a Contra
                                     that the Bank did         examination       court decision     Memorandum                              Immaterial:
           Between:                  not apply the             process at        and reputation     of Cassation                               IDR
                                     precautionary             the Supreme       risk but this      which supports                       500,000,000,000,-
           Plaintiff:                principle in carrying     Court of the      does not have      the Bank's
           Opap Investment           out identification        Republic of       a significant      position and
           Limited                   and verification          Indonesia.        impact on the      is currently
           Against:                  when Defendant                              bank.              awaiting the
           1. Hendrian Baehaki       I and Defendant II                                             Cassation
           2. Bayu Adriana           opened an account                                              Decision.
           3. Nurul Ainulia, A.Md.   in the name of CV
    4          aka Irene             Opap Investment
           4. M. Deni Setiawan       Limited and did
           5. Irfan Maulana          not carry out
           6. BNI                    the obligation to
           Co-Defendant::            monitor and report
           1. Financial Services     on customer fund
               Authority             transaction activities
           2. Center for Financial   on the account. in
               Transaction           the name of CV
               Reporting and         Opap Investment
               Analysis              Limited which meets
                                     the criteria for a
                                     suspicious financial
                                     transaction.




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                                                                                                                             Sanctions
                                                                         Case           Risks Faced       Management          Imposed
        No          Case                         Main Case                                                                                     Case Value
                                                                        Status           by Banks           Efforts              by
                                                                                                                             Authorities
                    Case No. 220/            Lawsuit for             In the            There is a risk    The Bank has       There isn't        Material:
                    Pdt.G/2023/              Unlawful Action         process           of refunding the   followed the       any                  IDR
                    PN. Mnd                  against the Bank        of being          amount of the      trial process                     572,500,000,000,-
                                             for blocking and        examined at       court decision     optimally and
                    Between:                 installing signposts    the Manado        and reputation     has submitted                        Immaterial:
                    Plaintiff:               on disputed objects     District Court.   risk but this      documentary                              IDR
                    John Hamenda             located on Jalan                          does not have      evidence                          1,000,000,000,000
                    Against                  17 August, Bumi                           a significant      supporting the
                                             Beringin Village,                         impact on the      Bank's position.
                                             Kec. Wenang,                              bank.
                    Defendant                Manado City with
                    1. BNI Kebayoran         proof of ownership
                       Baru Branch Office    in the form of
                    2. BNI Head Office       SHM No. 206/Bumi
                    3. North Sulawesi        Beringin, dated
                       Province BPN          20 June 1995 in
                    4. Head of the           the name of John
        5              Manado City Land      Hamenda.
                       Office

                    Co-Defendant:
                    1. Dirtipideksus Polri
                    2. Head of the South
                       Jakarta District
                       Prosecutor's Office
                    3. Mrs.
                       Malputongekel
                    4. Bank Danamon
                       Manado Branch
                    5. Bank Danamon
                       Jakarta Regional
                       Office
                    6. PPAT Notary
                       Thelma Andries,
                       S.H.
                    Case No. 740/            Lawsuit                 In the            There is a risk    The Bank will      The Bank            Material:
                    Pdt.G/2023/PN.Jkt.Pst    Actions                 examination       of refunding the   follow the         will follow            IDR
                    Between:                 Against                 process at        amount of the      trial process      the trial      1,392,731,803,391,-
                                             Law because             the Central       court decision     optimally by       process            Immaterial:
                    Plaintiff:               exists                  Jakarta           and reputation     submitting an      optimally by           IDR
                    PT Zeus Citra            rejection               District Court.   risk but this      answer to the      submitting     500,000,000,000,-
                    International            from the Bank                             does not have      lawsuit            an answer
                    Against                  to                                        a significant      support            to the
                                             application                               impact on the      Bank position.     lawsuit
                    Defendant:               addition                                  bank.                                 support
                    BNI                      facility                                                                        Bank
        6                                    the credit                                                                      position.
                    Co-Defendant:            submitted by
                    1. State Property and    The Plaintiff and the
                       Auction Services      Plaintiff's objection
                       Office (KPKNL)        to the auction
                       Jakarta III           conducted by the
                    2. PT Bali Auction       Bank
                       House                 cause
                                             loss for
                                             Plaintiff.




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          Practices            Governance                    Responsibility                 Commitment                 Statements




CRIMINAL CASES
Throughout 2023, there will be no important criminal cases faced by the Company.

TAX CASES
                                                                                                BNI               Sanctions
                                                                          Risks Faced
 No.       Case                 Main Case               Status                               Management          Imposed by            Case Value
                                                                            by BNI
                                                                                               Efforts            Authorities

                                                     The Directorate
                                                     General of
           Case No.                                  Taxes has
                            The Directorate
           007718.15/                                issued a Tax                            The Bank has
                            General of Taxes
           2019/PP                                   Underpayment                            submitted
                            has issued a Tax
                                                     Assessment                              legal action for
                            Underpayment                                There are risks
           Between:                                  Letter to Banks                         Judicial Review
                            Assessment Letter                           Payment lack
                                                     regarding                               and submitted                          Material:
                            to Banks regarding                          Corporate
           Appellant:                                corrections to                          a Memorandum                           IDR
                            corrections to the                          Income Tax year
           BNI                                       the Corporate                           of Judicial                            1,212,516,578,432,-
 1.                         Corporate Income                            2015 appropriate                        There isn't any
                                                     Income Tax                              Review that
                            Tax rate for the                            Decision Court
           Against                                   rate for the                            supports the                           Immaterial:
                            2015 Fiscal Year,                           but no impact
                                                     2015 Fiscal                             Bank's position                        -
                            including related to                        significant
           Defendant                                 Year, including                         and is currently
                            NPL interest income                         against the Bank.
           appeal:                                   related to NPL                          awaiting the
                            and receivables
           Directorate                               interest income                         Judicial Review
                            charges that are
           General of                                and receivables                         Decision.
                            clearly uncollectible.
           Taxation                                  charges that
                                                     are clearly
                                                     uncollectible.


IMPACT OF LEGAL PROBLEMS ON THE COMPANY

The Company's policies and Standard Operating Procedures have been designed to be adequate and prudent in protecting
the Company's business interests. Thus, all of the above legal issues, both civil and criminal, do not have a significant financial
impact on the Company. This is also reflected in the Company's Legal Risk Profile for the 2023 period which is consistently
ranked as Low.

EFFORTS TO MINIMIZE LEGAL RISKS

The Company always minimizes legal risks for the Company in carrying out its business activities, as reflected in the
following activities:
1. Strengthening procedures, policies, engagements, and handling legal issues for proper legal risk management to
    protect Company interests at the pre-transaction, transaction, and post-transaction stages in its business and/or
    operational activities.
2. Optimizing the legal function in providing legal reviews on the credit proposal process decided by the Credit Committee,
    in order to ensure the implementation of prudent credit transactions, especially from a legal aspect, improve credit
    quality, and support the achievement of predetermined business targets.
3. Optimizing the function of legal work units in the company, both at the Head Office and Regional Offices, to support
    the smooth running of business and operational activities of all organizations in the Company.
4. Consistently updating standard legal documentation, such as credit agreements and other accessoir agreements, to
    anticipate the emergence of legal risks in the future due to the weakness of the agreement, to protect the company’s
    legal interests.
5. Making the maximum effort to minimize legal risk in business units, including preventing fraud, by taking preventive
    actions, including increasing employee legal risk awareness by holding legal discussion forums, legal education, and
    organizing webinars or sharing sessions related to legal issues in all Company organizations.
6. Collaborating with bona fide external lawyers, senior advisors and State Attorneys (JPN) to optimize legal advice
    and legal assistance to protect Company legal interests.
7. Making efforts to improve employee competency in Company legal work units at the Head Office and Regional Offices
    in providing legal advice/reviews and handling cases, to create a professional, reliable, trusted and respected, and
    to support the direction of the company’s transformation.




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      LEGAL CASES FACED BY THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS

      Throughout 2023, no current members of the Company's Board of Directors and Board of Commissioners were involved
      in legal cases, either civil or criminal, in connection with the Company's business activities.

      IMPORTANT CASES FACED BY SUBSIDIARIES

      Throughout 2023, the Subsidiary is facing several cases in the form of civil cases accompanied by demands for compensation
      against the Subsidiary and criminal cases that have entered the trial process, both those that have been completed
      (having permanent legal force/inkracht) and those that are still in the process of being resolved with details as follows:

                                                                                                                                Number of Cases
        Child entity                                                   Lawsuit
                                                                                                                              Civil         Criminal
                                     The case is finished (has permanent legal force/inkracht)                                 5                 0
        PT BNI Life Insurance        The case is in the process of being resolved                                              8                 2
                                                                         Total                                                 13                2
                                     The case is finished (has permanent legal force/inkracht)                                  -                 -
        PT BNI Sekuritas             The case is in the process of being resolved                                               -                 -
                                                                         Total                                                  -                 -
                                     The case is finished (has permanent legal force/inkracht)                                  -                 -
        PT BNI Asset Management      The case is in the process of being resolved                                               -                 -
                                                                         Total                                                  -                 -
                                     The case is finished (has permanent legal force/inkracht)                                 1                 1
        PT BNI Multifinance          The case is in the process of being resolved                                              0                 4
                                                                         Total                                                 1                 5
                                     The case is finished (has permanent legal force/inkracht)                                  -                 -
        PT Bank Hibank Indonesia     The case is in the process of being resolved                                              5                  -
                                                                         Total                                                 5                  -
                                     The case is finished (has permanent legal force/inkracht)                                  -                 -
        PT BNI Modal Ventura         The case is in the process of being resolved                                               -                 -
                                                                         Total                                                  -                 -



      Based on the table above, there are no important cases faced by the Subsidiaries




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                                                                              Administrative
                                                                                 Sanctions

Throughout 2023, there were no administrative sanctions/sanctions that have a significant impact on business activities
imposed on the Company, and there were no sanctions imposed on members of the Board of Commissioners and
members of the Board of Directors, by the OJK and other authorities.




                                                                                          Taxation
                                                                                        Governance

In implementing the management of tax obligations, monitoring and controlling taxes, BNI has established a comprehensive
and structured process, such as:
1. An approach to tax is instilled in the company through the availability of Taxation Company Guidelines, in collaboration
    with tax application service providers to provide an application system for depositing and reporting taxes that is
    connected to the tax authority system on a host to host basis and increasing tax awareness through training and
    socialization facilities.
2. Identify, manage and monitor tax risks through continuous monitoring and reconciliation.

BNI as a corporate taxpayer is committed to fulfilling tax obligations in accordance with applicable regulations. Tax
management at BNI is carried out under the supervision of the Finance Director.

The Finance Director periodically reviews BNI's tax strategy. BNI always complies with every tax regulation so that it is not
subject to administrative sanctions, whether in the form of administrative fines, interest sanctions, increase sanctions, as
well as criminal sanctions or deficiencies. In the 2015 tax year, there was 1 (one) tax problem faced by BNI, as disclosed
in detail in the legal cases section, tax cases sub-section. However, this problem has no impact on the sanctions imposed
by the relevant authorities on BNI.

As a taxpayer, BNI's biggest contribution as a taxpayer is to fulfilling corporate income tax obligations. On the other
hand, BNI plays an active role in making deductions for each taxable object in carrying out its function as a tax cutter. BNI
also submits tax obligation documents such as annual and monthly SPTs as well as obligation documents to regulatory
agencies in a timely manner. Detailed information regarding BNI's fulfillment of tax obligations is disclosed in the
discussion of Taxation and Non-Tax State Revenue (PNBP): BNI's Contribution to National Development, Management
Analysis and Discussion Chapter on Company Performance, this Annual Report.
`
Apart from operating in Indonesia, BNI also operates abroad, namely New York (United States), London (England), Seoul
(South Korea), Tokyo (Japan), Hong Kong and Singapore through the Foreign Office (KLN). Fulfillment of tax obligations
in KLN is carried out by each KLN to the local tax jurisdiction.




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      Company
      Code Of Ethics

      BNI has a Code of Conduct as a form of commitment BNI                  14. Not misuse BNI’s Corporate Identity for personal gain.
      in carrying out the compliance function and serves as a
      code of conduct for all BNI Hi-Movers. The Bank’s Code of              COMPLIANCE WITH THE CODE OF ETHICS
      Ethics uses and applies the applicable basic principles that
      refer to the Bank’s vision, mission, as well as BNI's main             The Code of Ethics is BNI’s commitment to comply with
      values while still paying attention to applicable internal             legal provisions and the highest ethical standards wherever
      and external regulations. This Code of Ethics is also the              BNI conducts its business/operational activities. In addition
      principle and basis that guides the relationship between BNI           to complying with the prevailing laws and regulations, the
      Hi-Movers and stakeholders in doing business.The Code of               management of the BNI must uphold ethical norms and
      Ethics contains a system of values, business ethics, work              values. The Code of Ethics applies to all employees of the
      ethics, commitment, and enforcement of BNI regulations                 Company, namely the Board of Commissioners, the Board
      in conducting business and other activities, as well as                of Directors and all BNI Hi-Movers. All BNI Hi-Movers have
      interactions with stakeholders.                                        the awareness to implement good ethics that will enhance
                                                                             and strengthen the BNI reputation.
      Effective on December 1, 2010, the BNI Code of Ethics
      is the result of the revitalization of the previous Code of            DISSEMINATION OF THE CODE OF ETHICS
      Conduct (2001).The BNI Code of Ethics is signed by all BNI
      Hi-Movers in the BNI Hi-Movers statement letter and must               In this case, BNI regularly socializes the Code of Ethics through
      be obeyed and implemented by all BNI Hi-Movers (Board                  BNI internal seminars/socialization, BNI internal media (Synergi
      of Commissioners, Board of Directors, BNI Employees).                  Magazine and BNI Forum website), which can be accessed
                                                                             by all BNI Hi-Movers, plus sharing sessions through webinar
      CODE OF ETHICS PRINCIPLES                                              series, BNI internal media (DigiHC, BNI Smarter , BNI CorpuTV,
                                                                             BNI Greeting, Sinergi Magazine and BNI Forum Website), which
      The main principles in the BNI Code of Ethics consists of 14           can also be accessed by all BNI Hi-Movers, Good Corporate
      items which in principle require all BNI Hi-Movers to:                 Governance (GCG) training and Code of Ethics for BNI Hi-
      1. Act professionally, by prioritizing the values of work culture      Movers for both new and old employees as well as coaching
          of Beliefs and Core Values AKHLAK;                                 carried out by employee superiors. Violations of the BNI Code
      2. Become a role model and remind other subordinates,                  of Ethics will be subject to strict sanctions in accordance with
          superiors, colleagues and work partners to implement               applicable company regulations and policies at BNI.
          the BNI Code of Ethics;
      3. Maintain good relations with fellow BNI Hi-Movers;                  IMPLEMENTATION AND ENFORCEMENT
      4. Maintain bank secrecy and confidentiality of position;              OF THE CODE OF ETHICS
      5. Maintain job security;
      6. Protect health, natural resources and the environment;              BNI is committed to developing and implementing GCG
      7. Record, report and administer work properly, honestly               principles in every activity at all levels or organizational
          and accurately;                                                    structures from basic level to top management. Therefore,
      8. Prevent conflicts of interest that could harm the BNI’s             the implementation and enforcement of the BNI Code of
          interests                                                          Ethics as part of the implementation of GCG is always carried
      9. Not give or receive gifts of any kind, directly or indirectly       out through awareness and internalization programs. In this
          from any party, if related to their duties and responsibilities;   way, the existence of the BNI Code of Ethics can become a
      10. Act as a resource, as long as for the benefit of BNI;              reference or guideline for behavior for all BNI Hi-Movers as part
      11. Not be a member and donor of a political party;                    of efforts to achieve BNI's Vision and Mission. Enforcement of
      12. Not disclose false information about BNI                           the BNI Code of Ethics is carried out by periodically monitoring
      13. Not use BNI assets for personal gain




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compliance with the BNI Code of Ethics and providing facilities for complaints regarding violations of the BNI Code of Ethics
which are regulated separately in the violation reporting mechanism (Whistleblowing System). Every BNI Hi-Movers can
report deviations from the BNI Code of Ethics where the identity of the reporter will be protected. Deviation reports must be
accompanied by accurate data and/or evidence so that violations can be processed further. Any violation of the BNI Code of
Ethics will be subject to sanctions in accordance with applicable policies.



TYPES AND FORMS OF SANCTIONS FOR VIOLATION OF THE CODE OF ETHICS

In the event that BNI Hi-Movers is proven to have violated the BNI Code of Ethics, they will be subject to sanctions
according to the applicable policies as follows:

 Principal
                                                                        Types And Forms of Violations
 Sanctions
                        Violations of rules, policies and procedures as well as obligations that do not result in losses.
 Warning Letter         As a form of strengthening to prevent violations, the Guidance Letter is expanded in the form of a Preliminary Guidance Letter
                        for violations that have not yet resulted in losses for BNI..
 Reprimand Letter       Violations of rules, policies and procedures as well as obligations that cause non-material losses.
 Final Warning
                        Violations of policies and procedures as well as obligations that cause losses, both material and non-material.
 Letter
                        Violations of policies and procedures as well as obligations that result in material losses, but there is no fraud/fraud/fictitious/
 Demotion
                        fabrication and/or gratification.
 Termination of         Violations of policies and procedures as well as obligations that cause material losses intentionally and contain elements of
 Employment             engineering/fraud/fictitious transactions.


CODE OF ETHICS VIOLATIONS TYPES AND TREND IN 2023

During 2023, there were 77 (seventy-seven) Code of Ethics violations as follows


 Sanctions                                                                    2023                                                2022
 Warning Letter                                                                  9                                                   4
 Reprimand Letter                                                                2                                                   1
 Final Warning Letter                                                            3                                                   7
 Demotion                                                                        3                                                   3
 Termination of Employment                                                      60                                                  73
 Total                                                                          77                                                  88




CORPORATE CULTURE                                                                     5. Helping others to learn;
                                                                                      6. Accomplishing duties with highest quality;
BNI as part of the State-Owned Enterprises (BUMN) places                              7. Respecting everyone regardless of their background;
the core values "AKHLAK" as the main value consisting of                              8. Enjoys helping others;
Trustworthy, Competent, Harmonious, Loyal, Adaptive,                                  9. Building conducive work environment;
Collaborative which has been proclaimed as a core cultural                            10. Maintaining the reputation of fellow employees, leaders,
value that must be implemented by all BNI Hi-Movers in                                    SOE, and the State;
carrying out/carrying out daily tasks.                                                11. Willing to sacrifice to achieve a greater goal;
                                                                                      12. Obeying the leader as long as not against the law and
CORE VALUES                                                                               ethics;
Trustworthy, Competent, Harmonious, Loyal, Adaptive,                                  13. Promptly adjusting oneself to be better;
and Collaborative                                                                     14. Continuously making improvements;
                                                                                      15. Being proactive;
CODE OF CONDUCT                                                                       16. Providing opportunities for various parties to contribute;
1. Keeping promises and commitments;                                                  17. Being open in working together to generate added
2. Being responsible with the duties, decisions made,                                     values;
   and actions taken;                                                                 18. Mobilizing the use of various resources for common
3. Upholding moral and ethical values;                                                    goals.
4. Improving self competence to respond to ever changing
   challenges;


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      Long Term
      Compensation Policy

      The Company has a long-term compensation policy that is given based on performance to management and employees.
      Long-term compensation is provided in the form of a Management Stock Ownership Program (MSOP) and an Employee
      Stock Ownership Program (ESOP).

      MANAGEMENT SHARE OWNERSHIP PROGRAM

      The long-term compensation policy for members of the Board of Directors and members of the Independent Board of
      Commissioners is provided in the context of implementing the principle of prudence in managing the Bank, mitigating
      excessive risk taking by decision makers, and implementing performance-based remuneration.

      The long-term compensation policy is implemented based on Financial Services Authority Regulation No. 45/POJK.03/2015
      concerning the Implementation of Governance in Providing Remuneration for Commercial Banks ("POJK 45"), which
      includes the application of Variable Remuneration.

      Variable Remuneration provided by a Bank with the status of a public company (go public) must be in the form of shares
      issued by the Bank concerned amounting to a certain percentage of the Variable Remuneration. Meanwhile, variable
      remuneration in the form of shares for Independent Commissioners is converted and given in cash. Remuneration in
      the form of shares is given in the form of Company shares (share code: BBNI).

      Variable remuneration given in the form of shares for members of the Board of Directors and non-independent members
      of the Board of Commissioners is given in the form of Deferred Tantiem. The implementation of the deferred Tantiem
      refers to the Regulation of the Minister of BUMN Number PER-3/MBU/03/2023 concerning Organs and Human Resources
      of State-Owned Enterprises ("Permen BUMN 3/2023").

      In accordance with Article 107 of SOE Ministerial Regulation 3/2023, BUMN must deferTantiem payments to the Directors
      and Board of Commissioners by a certain percentage determined by the Minister, a minimum of 10% (ten percent). The
      minimum deferred payment suspension period is 3 (three) years. Deferred Tantiem payments must be paid pro-rata
      according to the time period. SOE can postpone the payment of part or all of the deferred Tantiem (malus) or withdraw
      the cash Tantiem that has been paid (clawback) to the Board of Directors and Board of Commissioners under certain
      conditions determined by the Minister.

      ELIGIBLE MANAGEMENT REQUIREMENTS

      In accordance with SOE Ministerial Regulation 3/2023, the requirements for members of the Board of Directors and Board
      of Commissioners based on the GMS determination to receive Tantiem are:
      1. The opinion issued by the auditor is Unqualified (WTP);
      2. Realization of the lowest health level equal to BBB rating without taking into account burdens/benefits resulting from
          previous actions of the SOE Directors and/or outside the control of the SOE Directors;
      3. The lowest KPI achievement is 80% (eighty percent) without taking into account those outside the control of the SOE
          Directors; And
      4. The condition of the concerned SOE is no longer at a loss compared to the previous year for a SOE in a loss condition,
          or the SOE is not at a loss from before when it was in a profitable condition without taking into account things outside
          the control of the SOE Directors.

      Details of Providing Deferred Tantiem in the Form of Shares to Non-Independent Members of the Board of Directors and
      Board of Commissioners




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                           Deferred                                                                   Exercise Price
                                                                                                                                                         Kebijakan
   GMS date             Tantiem Grant             Total Shares             Time period                (average price          Vesting Period
                                                                                                                                                          Policy
                             Date                                                                       per share)*
                                                                                                                             June 5, 2019
                                                                                                                                                     Malus
 March 20, 2018        June 28, 2019             1.444.546             3 years                      IDR8,275                 June 5, 2020
                                                                                                                             June 5, 2021
                                                                                                                             June 5, 2020
                                                                                                                                                     Malus
 May 13, 2019          May 31, 2019              950.375               3 years                      IDR8,400                 June 5, 2021
                                                                                                                             June 5, 2022
                                                                                                                             June 5, 2021
 February 20,                                                                                                                                        Malus
                       December 22, 2020         5.071.900             3 years                      IDR6,630.73              June 5, 2022
 2020
                                                                                                                             June 5, 2023
                                                                                                                             June 5, 2022
                                                                                                                                                     Malus
 March 29, 2021        December 30, 2021         5.724.673             3 years                      IDR4,057                 June 5, 2023
                                                                                                                             June 5, 2024
                                                                                                                             June 5, 2023
 March 15, 2022        July 29, 2022             3,001,097             3 years                      IDR5,187                 June 5, 2024            Malus and Clawback
                                                                                                                             June 5, 2025
                                                                                                                             June 5, 2024
 March 15, 2023        August 14, 2023           1,816,099             3 years                      IDR9,037                 June 5, 2025            Malus and Clawback
                                                                                                                             June 5, 2026


 *) Note: price and total shares before the implementation of the 1:2 stock split which is effective on October 6 2023



Apart from the implementation of the Deferred Tantiem,                                       3. Increasing employees’ sense of belonging to the Bank.
in 2023, members of the Board of Directors and Board of                                      4. As part of increasing employee risk awareness as
Commissioners are entitled to receive LongTerm Incentives                                       reflected in eligibility and lock up periods
(LTI) for the 2023-2025 period. LTI is granted with the
following conditions:                                                                        DISTRIBUTION OF SHARE EMPLOYEE STOCK
1. LTI is given in the form of Company shares for members                                    ALLOCATION PROGRAM (ESA PROGRAM)
    of the Board of Directors and Non-Independent
    members of the Board of Commissioners, and in cash                                       The allocation and vesting of shares in the Employee Stock
    for Independent Commissioners;                                                           Allocation (ESA) Program will be implemented on June 2,
2. LTI is awarded based on the achievement of agreed                                         2022, and subsequently as part of a long-term employee
    performance targets for the next 3 years; And                                            retention strategy, as well as efforts to motivate employees
3. Income tax (PPh) on LTI is the recipient's expense and                                    to improve their best performance in a sustainable manner,
    is not permitted to be charged as a Company expense.                                     in the implementation of the Employee Stock Allocation
                                                                                             (ESA) Program) a lock up period applies.
EMPLOYEE SHARE OWNERSHIP PROGRAM
BNI has a Share Ownership Program for Employees, as                                          The lock up period is carried out according to the employee's
per the decision of the General Meeting of Shareholders                                      position level. For the position of Assistant Vice President
(GMS) on March 15, 2022 which has agreed to grant power                                      (AVP) and above for 3 (three) years, while for the position
and authority to implement the Share Ownership Program                                       of Manager (MGR) and below for 1 (one) year. During the
for Employees, whether sourced from treasury stock or                                        lock up period, participants receiving ESA Program shares
other sources, to The Company's Board of Directors, while                                    are not permitted to carry out any activities on the shares
still paying attention to applicable laws and regulations.                                   to which they are entitled.

The Stock Ownership Program for BNI Employees is called                                      Furthermore, every year there will be an opening of the lock
the Employee Stock Allocation (ESA) Program, which is a                                      up period for the ESA Program shares, which is the date
program that provides share allocation to employees who                                      on which participants who receive shares are permitted to
meet certain criteria and requirements as regulated in the                                   carry out any activities on the shares to which they have
Program Implementation Instructions. The ESA program                                         rights. For the purposes of opening the lock up period,
objectives include:                                                                          participants receiving ESA Program shares must fulfill
1. Long term employee retention strategy;                                                    the criteria and requirements set out in the ESA Program
2. Efforts to motivate employees to always provide their                                     Implementation Instructions.
    best performance;
                                                                                             The opening of the lock up period for the Manager (MGR)
                                                                                             level and below will be carried out in one stage at once
                                                                                             on June 02, 2023, while for the Assistant Vice President




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      (AVP) level and above it will be carried out in stages in 3 (three) implementation stages on June 02 2023, 2024 and 2025.

      Requirements for employees who are entitled to receive the vesting allocation and opening of the lock up period for the
      Employee Stock Allocation (ESA) Program are as follows:
      1. Permanent employees as of December 31, 2021, and still active at the time of vesting allocation and opening of the
         ESA Program lock up period;
      2. Have a minimum service period of 1 (one) year at the time of granting the ESA Program vesting allocation;
      3. Have a performance assessment and employee classification in accordance with the provisions when granting vesting
         allocations and opening the lock up period of the ESA Program;
      4. Not currently undergoing administrative sanctions

        Details of Employee Stock Allocation (ESA) Program Grant to Employees
                                            Date of Allocation and                                                                          Opening Lockup
        Date of GMS                                                                Total Share Sheets            Price per Share
                                                   Vesting                                                                                      Period




                                                                                47,938,100                  IDR 8.850                    June 02, 2023
        March 15, 2022                      June 02, 2022                       10,854,800                                               June 02, 2024
                                                                                                            -
                                                                                9,002,500                                                June 02, 2025
        Description:
        Share price before the implementation of 1:2 stock split effective on October 6, 2023


      Participants who are declared eligible for allocation and                                     their duties and responsibilities make decisions that have
      / or vesting and / or opening of the lock up period, will                                     a significant impact on the risk profile of the Bank; or
      be will receive a notification via email or other other                                   2. Board of Directors, Board of Commissioners and/or
      communication media which includes confirmation of the                                        Employees who receive Variable Remuneration of a
      shares to which he/she is entitled at the time of allocation                                  large value.
      and vesting and opening of the lock up period. On the date                                Bank Negara Indonesia (BNI) has applied the Governance
      of the opening of lock up period stage 3 (three) in 2025,                                 for providing remuneration by determining employees
      all shares allocated under the Employee Stock Allocation                                  who meet the criteria as Material RiskTaker (MRT), namely
      (ESA) Program will be fully allocated to the participants.                                employees at the Senior Executive Vice President (SEVP)
      participants.                                                                             position in accordance with the Board of Directors Meeting
                                                                                                Decision on December 20, 2016.
      SHARE DISTRIBUTION FOR EMPLOYEES
      THAT ARE MATERIAL RISK TAKERS (MRT)                                                       Banks are also required to defer the payment of variable
                                                                                                remuneration to employees at the Senior Executive Vice
      Based on POJK No. 45/POJK.03/2015 concerning application                                  President (SEVP) level as parties who are Material Risk
      of Governance when Providing Remuneration for                                             Takers (MRT), namely at a certain percentage in accordance
      Commercial Banks, it is stipulated that banks are required                                with the percentage for the Board of Directors. In the
      to determine parties who become Material Risk Takers                                      2022 annual performance bonus payment for SEVP level
      (MRT), and at least meet the following criteria:                                          employees which will be paid in 2023, 10% of the annual
      1. Board of Directors and/or other employees who due to                                   bonus will be given in the form of deferred company shares
                                                                                                (Malus). These shares come from direct purchases on the
                                                                                                market, with the purchase period starting August 8, 2023
                                                                                                to August 14, 2023.




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                                                                    Access To Company
                                                                  Information and Data

BNI strives to provide transparent information. To do so, BNI periodically updates information and provides easy access
to information related to the Bank’s activities and performance to stakeholders in order they know the condition of the
Bank clearly, actual and factual. BNI also provides facilities that function as channels for information disclosure, through
various media such as websites (in two languages), mass media, mailing lists, bulletins, meetings with analysts, the IDX
official website etc. In this regard, the BNI’s Investor Relations continuously builds the good image of the Bank through
developing relationships with investors/analysts both interactively and by providing periodic information, especially
concerning the Bank’s performance.

Access to Company information and data related to corporate actions can be accessed through the Company’s official
website at http://bni.co.id/. Parties who need further information regarding corporate actions and Company data can
contact via telephone at 021-5728387, Fax at 6221-5728053 or email to: ir@bni.co.id.

PRESS RELEASES

Up until December 31, 2023, BNI sent press releases discussing various matters related to the Bank, as follows:
 No.    Date                                                                   Title                                                           Place
 1      January 03, 2023    Supporting Indonesian Sports, BNI Launches Jakarta Volleyball Team BNI46                                          Jakarta
 2      January 05, 2023    Transaction Solutions for Various Currencies with Just One Account, BNI Presents BNI Multi Currency Giro          Jakarta
 3      January 06, 2023    Transaction Solutions for Various Currencies with Just One Account, BNI Presents BNI Multi Currency Giro          Jakarta
 4      January 07, 2023    BUMN's Service to Gunungsitoli, BNI Enlivens MSME Bazaar and Cheap Market for the People                          Jakarta
 5      January 09, 2023    Banking & GRP Synergy to Drive a Sustainable Economy                                                              Jakarta
 6      January 09, 2023    Japanese Embassy Says Economy Can Be Strong Through LCSF                                                          Jakarta
 7      January 09, 2023    Encouraging MSME Ecosystem to Go Global, BNI Relies on KUR Allocation of IDR 36.5 Trillion                        Jakarta
 8      January 11, 2023    The BNI Xpora Program is Real Evidence of Economic Contribution                                                   Jakarta
 9      January 13, 2023    The BNI Xpora Program is Real Evidence of Economic Contribution                                                   Jakarta
 10     January 15, 2023    The role of BNI in promoting national sports was appreciated by the Minister of Youth and Sports                  Jakarta
 11     January 17, 2023    Fajar-Rian is the New Champion of Indonesian Pride                                                                Jakarta
 12     January 20, 2023    Targeting Millennial Executives, BNI Emerald holds the Next Gen Community 2023 event                              Jakarta
 13     January 24, 2023    Transformation and Innovation are the Keys for BNI to Make the Highest Profits in History                         Jakarta
 14     January 25, 2023    BNI & LOTTE Mart Launches New Contactless BNI LOTTE Card Design and Features                                      Jakarta
 15     January 25, 2023    Christian Sugiono: BNI Lotte Card Makes Shopping Fun                                                              Jakarta
 16     January 27, 2023    BNI Won Predicate as Bank with Most Satisfactory Service                                                          Jakarta
 17     January 28, 2023    The Indonesian Badminton National Team Continues Struggle at the 2023 Daihatsu Indonesia Masters                  Jakarta
 18     January 28, 2023    Optimistic for the Year of the Rabbit, BNI Socializes 3 Product Champions to Customers                            Jakarta
 19     January 29, 2023    The Indonesian Badminton National Team Struggles in the 2023 Daihatsu Indonesia Masters Final                     Jakarta
 20     January 29, 2023    Indonesia Successfully Won 2 Champion Titles at the 2023 Indonesia Masters                                        Jakarta
 21     January 30, 2023    BNI and Cilegon City Government Collaborate on Banking Services and Smart City Programs                           Jakarta
 22     January 30, 2023    1 Out of 4 Medan Households Given Capital By Erick Thohir                                                         Jakarta
 23     February 1, 2023    Focus on Developing Digital Business, BNIDirect and BNI Mobile Banking Users Grow Rapidly                         Jakarta
 24     February 3, 2023    Increasing the Use of Mobile Banking, BNI Gives Out Prizes for 21 Cars and 212 Motorbikes                         Jakarta
 25     February 5, 2023    Raffi Nagita Congratulates the 2023 Indonesia Masters Champion, Gives Appreciation to BNI                         Jakarta
 26     February 7, 2023    Holding National Circuit, BNI Supports Search for Young Badminton Seeds in 12 Cities                              Jakarta
                            Appreciating Outstanding Athletes at Indonesia Masters 2023, BNI and PBSI Ready to Escort Chico Cs to
 27     February 9, 2023                                                                                                                      Jakarta
                            Badminton Asia Mixed Team in Dubai
 28     February 9, 2023    HPN 2023, BNI Commits to Supporting Improvement of Journalist Competency                                          Jakarta
 29     February 11, 2023   BNI Commits to Reducing Carbon Emissions                                                                          Jakarta




                                                                                          Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   909
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          2023                    Management                         Company                      Management Discussion and                       Business Support
      Performance                   Report                            Profile                   Analysis on Company Performance                      Functions




        No.   Date                                                                           Title                                                              Place
        30    February 12, 2023     BNI Encourages 7 Transformation Strategies for 2023                                                                         Jakarta
        31    February 16, 2023     BNI Releases Special TapCash Card NCT 127 '2 Baddies' Design                                                                Jakarta
        32    February 19, 2023     The Importance of Strict Regulations in Encouraging Healthy Growth in the Indonesian Banking Industry                       Jakarta
        33    February 20, 2023     2,000 Mangrove Seedlings for Bali                                                                                           Jakarta
        34    February 21, 2023     Indonesia Chairs ASEAN 2023, BNI Encourages International Banking                                                           Jakarta
        35    February 22, 2023     Strengthening the Socialization of Narcotics Abuse, BNI Collaborates with BNN RI                                            Jakarta
        36    February 23, 2023     Commemorating National Waste Awareness Day, BNI Provides Assistance with Pos Pandai Equipment                               Jakarta
                                    BNI and the Ministry of PUPR Synergize to Function Smart Village Residential in the Capital City of the
        37    February 24, 2023                                                                                                                                 Jakarta
                                    Archipelago
        38    February 24, 2023     BNI Multifunction Card makes transactions at IKN easier, can be used for ID cards and transfers                             Jakarta
        39    February 25, 2023     Encouraging Creative Industries, BNI Supports Raisa Live in Concert Sponsorship                                             Jakarta
        40    February 26, 2023     Strengthening Go Global Branding, BNI Collaborates with Japan Airlines                                                      Jakarta
        41    March 01, 2023        BNI President Director Won The Best CEO with Distinction 2022 Award                                                         Jakarta
        42    March 01, 2023        Encouraging MSMEs to Go Global, BNI Supports Inacraft 2023                                                                  Jakarta
        43    March 02, 2023        Bond and Forex transactions can now be done via BNI Bonds and FX Mobile                                                     Jakarta
        44    March 03, 2023        Support the Government's Efforts to Achieve Zero Carbon 2060, Here is BNI's strategy                                        Jakarta
        45    March 04, 2023        Beyond Limitations, BNI-Guided MSMEs Fostered Jump Higher at the 2023 Inacraft Event                                        Jakarta
        46    March 06, 2023        Africa is Called the Continent of the Future for New Economic Growth, BNI Takes the Opportunity                             Jakarta
        47    March 07, 2023        BNI is Optimistic that Credit Will Continue to Grow Highly in 2023                                                          Jakarta
        48    March 07, 2023        KCLN BNI Amsterdam Welcomed Positively, Increases Exports-Helps Diaspora                                                    Jakarta
        49    March 08, 2023        Working on the African Market, BNI Optimizes International Banking Services                                                 Jakarta
        50    March 08, 2023        Adopting an Electronic Banking System, Dukcapil Promotes the Use of Digital KTPs to BNI                                     Jakarta
        51    March 08, 2023        BNI Java Jazz 2023                                                                                                          Jakarta
        52    March 09, 2023        Cianjur Disaster Response, Ministry of Health Appreciates BNI                                                               Jakarta
        53    March 09, 2023        Welcoming the South African Delegation, BNI is Ready to Explore Business Potential                                          Jakarta
        54    March 10, 2023        Holding Market Outlook, Here is BNI's Guide for Investors                                                                   Jakarta
        55    March 11, 2023        Supporting the Electric Vehicle Ecosystem, BNI Prepares a Special Financing Program                                         Jakarta
        56    March 11, 2023        Expanding Digital Channels, BNI Inaugurates Banking Café at UGM                                                             Jakarta
        57    March 12, 2023        Entrepreneurship Before 30's, President Director of BNI: This is the Potential!                                             Jakarta
        58    March 12, 2023        BNI Support for Young Badminton athletes at BNI Sirnas A Purwokerto                                                         Jakarta
        59    March 12, 2023        BNI Expo with RANS East Java Economic Acceleration                                                                          Jakarta
        60    March 13, 2023        BNIDirect Continues to Encourage Institutional Transaction Performance                                                      Jakarta
                                    Africa has the potential to become a promising alternative market for initial exports of national manufactured
        61    March 13, 2023                                                                                                                                    Jakarta
                                    products
        62    March 14, 2023        Concerned about the Quality of Regional Education and Health, BNI Supports Posyandu and PAUD Facilities                     Jakarta
        63    March 15, 2023        Competing in All England 2023, BNI Encourages National Badminton Players                                                    Jakarta
        64    March 15, 2023        Distributing Dividends of IDR 7.3Trillion, BNI is Optimistic that Performance Will Become More Positive in 2023             Jakarta
        65    March 16, 2023        BoostingTransformation, BNI is Optimistic that Performance Will Continue to Soar                                            Jakarta
        66    March 16, 2023        BNI AGMS Approves Share Buyback of IDR 905 Billion                                                                          Jakarta
        67    March 17, 2023        2023 Full of Optimism, BNI Focuses on Developing Mobile Banking Application Features                                        Jakarta
        68    March 17, 2023        BNI-AM Collaborates with Indonesian Migrant Workers in South Korea, Distributes Mutual Fund Scholarships                    Jakarta
        69    March 17, 2023        BNI Liquidity Ratio Reaches 219%, Safe Against Shocks                                                                       Jakarta
        70    March 18, 2023        Welcoming Nyepi Day, Saka New Year 1945, BNI Distributes Basic Food Packages and Temple Construction                        Jakarta
        71    March 19, 2023        BNI's Support for Indonesian Badminton Athletes Yields Results: Fajar & Rian Winners at All England 2023                    Jakarta
        72    March 19, 2023        BNI Participates in Celebrating the 266th Adeging Pura Mangkunegaran                                                        Jakarta
        73    March 19, 2023        BNI Supports MSMEs in Ijen Crater                                                                                           Jakarta
        74    March 21, 2023        BNI Ready to Support the Government's Electric Motorcycle Subsidy Policy                                                    Jakarta
        75    March 21, 2023        Preparing for Ramadhan and Eid, BNI Provides IDR 45.9 Trillion                                                              Jakarta
        76    March 22, 2023        Quality Journalism Products, BNI Won Three Awards                                                                           Jakarta
        77    March 23, 2023        Providing Practical and Informative Solutions in the Month of Ramadan, BNI Presents e-Imsakiyah BNI 2023                    Jakarta
        78    March 24, 2023        Welcoming Ramadhan, BNI Distributes 77,000 Basic Food Packages                                                              Jakarta
        79    March 24, 2023        BNI Strategy to Boost Export Credit Growth                                                                                  Jakarta
        80    March 25, 2023        Benefits of ASEAN Chairmanship Momentum 2023, BNI is Most Prospective                                                       Jakarta




910   From Local to Global
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Capital & Risk Management   Good Corporate            Social & Environmental                ESG                      Financial
          Practices          Governance                   Responsibility                 Commitment                 Statements




 No.    Date                                                                     Title                                                           Place
 81     March 26, 2023      BNI and Ministry of PUPR Collaborate to Create Multifunctional Cards for Workers at IKN                             Jakarta
 82     March 27, 2023      BNI Overseas Branch Office Credit Distribution Grows Positively in February 2023                                    Jakarta
 83     March 29, 2023      February 2023, the number of BNI Mobile Banking users will increase by 25% YoY                                      Jakarta
 84     March 30, 2023      Carrying out the TJSL Program, BNI Focuses on 3 Pillars                                                             Jakarta
 85     March 31, 2023      BNI, DJKN, and Ministry of ATR/BPN Collaborate to Hold Auction of Collateral Assets Owned by BNI                    Jakarta
 86     April 01, 2023      DPR member optimistic that BNI Go Global will not just be a slogan                                                  Jakarta
 87     April 02, 2023      BNI Xpora is considered a good breakthrough for the 2023 ASEAN Chair                                                Jakarta
 88     April 03, 2023      BNI Won First Champion Corporate Secretary                                                                          Jakarta
 89     April 04, 2023      BNI Won Bronze Medal at the 2022 Asia Sustainability Reporting Awards                                               Jakarta
 90     April 04, 2023      Government Invites Indonesian People to Choose Logo for New National Capital - Nusantara                            Jakarta
 91     April 04, 2023      Women's Empowerment, Blessings of Processed Shallots                                                                Jakarta
 92     April 04, 2023      BNI is proud of the achievements of Indonesian badminton athletes at the 2023 Spain Masters                         Jakarta
 93     April 05, 2023      BNI Invites Diaspora to Serve in Building the Country                                                               Jakarta
                            Erick Thohir Encourages BUMN Houses to Enter the Export Market Through the Inauguration of Trade Mission
 94     April 05, 2023                                                                                                                          Jakarta
                            Singapore 2023
 95     April 06, 2023      BNI Helps Entrepreneurs Develop Business in the Singapore Market                                                    Jakarta
 96     April 06, 2023      BNI Won OMNI Brands of the Year Marketeers Award 2023                                                               Jakarta
 97     April 07, 2023      KIP Findings in Serang, Here's BNI's Explanation                                                                    Jakarta
 98     April 10, 2023      Challenge 2023, this is the key strategy from the President Director of BNI                                         Jakarta
 99     April 11, 2023      Herbal Spice Business, From School Practice to Penetrating the Export Market                                        Jakarta
 100    April 12, 2023      Strengthening Collaboration, BNI and UGM Sign CFEST and KTM Co-Brand Cooperation                                    Jakarta
 101    April 13, 2023      BNI Won Best Digital Brand Award 2023                                                                               Jakarta
 102    April 13, 2023      Moving Indonesia's Economy Forward, BNI Focuses on Go Global, Go Digital, Go Green                                  Jakarta
                            Ready to meet the need for international banking services, BNI introduces KCP MDS KBUMN as a thematic
 103    April 14, 2023                                                                                                                          Jakarta
                            outlet
 104    April 14, 2023      Ensure Customers are Comfortable on Eid Holidays, BNI Operates 86 Outlets and 48 O-Branch                           Jakarta
                            BNI Launches E-Magazine and Homecoming Map, Homecoming Travel Becomes Easy and Enjoyable with
 105    April 15, 2023                                                                                                                          Jakarta
                            BNI
 106    April 17, 2023      BNI Supports National Food Security Through Millennial Smart Farming                                                Jakarta
 107    April 17, 2023      Hannover Messe 2023, BNI Ready to Support Indonesia 4.0                                                             Jakarta
                            Transformation Encourages BNI's Performance to Grow Positively and with Quality in the First Quarter of
 108    April 18, 2023                                                                                                                          Jakarta
                            2023
 109    April 19, 2023      BNI Participates in Celebrating Homecoming with BUMN 2023, Homecoming is Anticipated in the Heart                   Jakarta
 110    April 21, 2023      BNI Homecoming Post Facilitates Rest for Homecomers                                                                 Jakarta
 111    April 23, 2023      Momentum of Ramadan and Eid, BNI Tapcash is Getting Better                                                          Jakarta
 112    April 25, 2023      Encouraging KUR, BNI Helps Micro Actors                                                                             Jakarta
 113    April 26, 2023      BNI Won TOP Innovation Choice Awards 2023 from INFOBRANDS.ID and TRANS N CO                                         Jakarta
 114    April 26, 2023      Encouraging industrialization, BNI's Enterprise Segment Gets a Positive Catalyst                                    Jakarta
 115    April 28, 2023      Improve Customer Experience, BNI Mobile Banking Transactions and Volume Grow Positively                             Jakarta
 116    April 28, 2023      BNI Facilitates Indonesian Coffee Entrepreneurs to Appear at the London Coffee Festival                             Jakarta
 117    April 29, 2023      Eid Al-Fitr 2023, BNI's Daily Remittance Activity Increases Rapidly                                                 Jakarta
 118    May 01, 2023        Optimizing the KCLN Network, BNI is Optimistic that International Business will Grow Positively                     Jakarta
 119    May 04, 2023        TJSL BNI Provides Social and Environmental Impact                                                                   Jakarta
 120    May 05, 2023        BNI Records LCS Transaction Growth of 44.2%                                                                         Jakarta
 121    May 07, 2023        Spurring BNIDirect Growth, BNI Optimizes KCLN Network                                                               Jakarta
 122    May 08, 2023        Go Global BNI, Chocolate Business from Bali Goes Global                                                             Jakarta
                            Serving the Remittance Needs of Indonesian Citizens, BNI Tokyo Collaborates on Co-Branding Remittance
 123    May 09, 2023                                                                                                                            Jakarta
                            Cards with Garuda Indonesia
                            Corruption Crime Case in Providing Working Capital Credit by PT Bank Negara Indonesia (Persero) Tbk Gresik
 124    May 09, 2023                                                                                                                            Jakarta
                            Branch to PT. JKS
 125    May 09, 2023        BNI Won Best Customer Experience Predicate                                                                          Jakarta
 126    May 10, 2023        Ready to Win the 2023 Sudirman Cup, BNI and PBSI Release the Indonesian Team                                        Jakarta
 127    May 10, 2023        BNI's Foster Partners Attract Erick Thohir at the 2023 ASEAN Summit                                                 Jakarta
 128    May 11, 2023        Through the Xpora Program, BNI Encourages MSMEs to Enter Foreign Markets                                            Jakarta
 129    May 11, 2023        Supporting the BNI Sirnas B Bali Event, BNI Gives Discounts and Prizes                                              Jakarta
 130    May 12, 2023        April 2023, BNI Mobile Banking Transactions Record a Significant Increase                                           Jakarta

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          2023                Management                      Company                     Management Discussion and                     Business Support
      Performance               Report                         Profile                  Analysis on Company Performance                    Functions




        No.   Date                                                                    Title                                                           Place
        131   May 14, 2023      BNI Griya Maintains Positive Growth                                                                                   Jakarta
        132   May 14, 2023      Black Pearls from Labuan Bajo Hypnotize the 2023 ASEAN SUMMIT Summit                                                  Jakarta
                                Optimizing the Momentum of Passenger Traffic Growth, Garuda Indonesia Online Travel Fair (GOTF) is Held
        133   May 15, 2023                                                                                                                            Jakarta
                                Again Presenting Ticket Discounts of Up to 80%
        134   May 16, 2023      Developing the BNI Xpora Market, BNI Explores Business in Australia                                                   Jakarta
        135   May 19, 2023      Increasing MSME Capabilities, BNI Encourages Xpora                                                                    Jakarta
        136   May 20, 2023      BNI's Endek Woven Clothing Business, Worn by First Ladies around the World                                            Jakarta
                                BNI Java Jazz Ready to Be Held in June, Fariz RM and Vina Panduwinata Provide Refreshment at JJOTM in
        137   May 20, 2023                                                                                                                            Jakarta
                                Sarinah
        138   May 20, 2023      Service Excellence Drives BNIDirect Transaction and User Growth                                                       Jakarta
        139   May 24, 2023      BNI Offers ST010 Series Savings Sukuk, Can Be Ordered Via BNI Mobile Banking                                          Jakarta
        140   May 24, 2023      Adaptive Leadership is the Key in an Era Full of Change                                                               Jakarta
        141   May 25, 2023      BNI Hands Over Outdoor Activity Equipment Assistance to IMPALA Brawijaya University                                   Jakarta
        142   May 25, 2023      PPI Dunia Collaborates with BNI to Hold Alumni Connect                                                                Jakarta
        143   May 26, 2023      Officially Launched, Hibank Focuses on the MSME Segment                                                               Jakarta
        144   May 26, 2023      BNI UI Half Marathon 2023, Greener and More Sterile                                                                   Jakarta
        145   May 26, 2023      Supporting MSMEs, Hibank Launches Newest Product                                                                      Jakarta
                                Opening PPI World Alumni Connect, the Vice President asks the younger generation to encourage the spirit of
        146   May 26, 2023                                                                                                                            Jakarta
                                building the country
        147   May 27, 2023      The Best Bank, BNI Strengthens Transformation                                                                         Jakarta
        148   May 28, 2023      Embracing World Students, BNI Appreciated by KBUMN                                                                    Jakarta
        149   May 29, 2023      Ministry of Youth and Sports Appreciates BNI's Proactive Steps to Strengthen Sport Tourism                            Jakarta
        150   May 30, 2023      Government Launches New Logo for Archipelago Capital                                                                  Jakarta
        151   June 01, 2023     BNI Java Jazz Festival 2023 is Back, Experience an Unforgettable Digital Experience                                   Jakarta
        152   June 01, 2023     BNI Sends 15 Local F&B MSMEs to Seoul Food & Hotel (SFH) 2023                                                         Jakarta
        153   June 02, 2023     BNI Java Jazz Festival 2023 Becomes Momentum to Increase Tapcash Digital Transactions                                 Jakarta
        154   June 02, 2023     BNI Java Jazz Festival 2023, Don't Miss the Attractive Promo                                                          Jakarta
        155   June 02, 2023     Mario Biondi, Stephen Sanchez, and Max admit they can't wait to perform at BNI Java Jazz 2023                         Jakarta
        156   June 03, 2023     Mario Biondi, Stephen Sanchez, and Max admit they can't wait to perform at BNI Java Jazz 2023                         Jakarta
        157   June 03, 2023     BNI Group Prepares a Complete Variety of Product Choices for the 2023 Java Jazz Fetival                               Jakarta
        158   June 03, 2023     BNI Java Jazz Festival 2023 is an opportunity for BNI to attract millennials to have BNI credit cards                 Jakarta
        159   June 03, 2023     BNI Java Jazz 2023 Line Up Day Two: Cory Wong, Max, Sezairi to Fabio Asher                                            Jakarta
        160   June 04, 2023     The BNI Java Jazz Festival 2023 Brings a Multiplier Effect to Many Economic Sectors                                   Jakarta
        161   June 04, 2023     Encouraging Creative Economy, DPR Appreciates BNI Java Jazz Fetival 2023                                              Jakarta
        162   June 04, 2023     BNI Java Jazz Festival 2023 Encourages the Rise of Indonesia's Creative Economy                                       Jakarta
        163   June 05, 2023     Government Appreciates BNI Java Jazz 2023 Event                                                                       Jakarta
        164   June 06, 2023     IKN's new logo is here, Here is BNI's next strategy                                                                   Jakarta
        165   June 08, 2023     IKN's new logo is here, Here is BNI's next strategy                                                                   Jakarta
        166   June 08, 2023     BNI Gives Out Dozens of Cars to Loyal BNI Customers                                                                   Jakarta
        167   June 08, 2023     BNI Collaborates with the Bina Nusantara Foundation through the Financial Ecosystem Program                           Jakarta
        168   June 08, 2023     Realizing a Sustainable Future, Bukalapak and BNI Plant 1,000 Multipurpose Tree Seedlings                             Jakarta
        169   June 09, 2023     High Customer Investment Interest, BNI Wealth Management Grows Positively                                             Jakarta
        170   June 09, 2023     Strengthening the Campus Financial Ecosystem Program, BNI Synergizes with UNJ                                         Jakarta
        171   June 11, 2023     BNI Lucky Fortune #GaPakeNanti–The Finale                                                                             Jakarta
        172   June 13, 2023     BNI Commitments to Fulfill RPIM Targets                                                                               Jakarta
        173   June 14, 2023     BNI Ranked in the World's Best Companies by Forbes                                                                    Jakarta
        174   June 17, 2023     BNI Tokyo Supports the Presence of Indonesia's First Halal Vending Machine                                            Jakarta
        175   June 18, 2023     BNI Supports Ginting in the 2023 Indonesia Open Final                                                                 Jakarta
        176   June 18, 2023     Ginting Runner-Up Indonesia Open 2023                                                                                 Jakarta
        177   June 19, 2023     BNI Urges Customers to Be Careful of Fraud Under the Guise of Increased Transaction Rates                             Jakarta
        178   June 21, 2023     BNI Urges Customers to Be Careful of Fraud Under the Guise of Increased Transaction Rates                             Jakarta
        179   June 22, 2023     Providing Excellent Service, BNI Won 11 Awards                                                                        Jakarta
        180   June 23, 2023     BNI Invites Customers to Apply 6 Effective Steps to Avoid Cyber Crime in Internet Banking Transactions                Jakarta
        181   June 23, 2023     77th Anniversary, BNI Gets Stronger, Tougher, More Trusted                                                            Jakarta



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          Practices          Governance                   Responsibility                 Commitment                  Statements




 No.    Date                                                                     Title                                                            Place
 182    June 25, 2023       Eid al-Adha, BNI Implements Limited Operational Services                                                             Jakarta
 183    June 25, 2023       Want to penetrate the Japanese market, here are tips for MSME players                                                Jakarta
 184    June 26, 2023       Holiday with Eid al-Adha 1444 H, BNI continues to serve KUR and BWU transactions                                     Jakarta
 185    June 27, 2023       Maintaining Investor Trust, BNI Commitments to Solid Performance                                                     Jakarta
 186    June 27, 2023       As part of the Indonesian Migrant Worker Data System, BNI helps provide complete financial solutions                 Jakarta
 187    June 28, 2023       Long Eid al-Adha Holiday 1444 H, BNI Mobile Banking Maintains Excellent Service                                      Jakarta
 188    June 30, 2023       BNI Ready to Collaborate with Indonesia Incorporated Hong Kong                                                       Jakarta
                            Series of 77th Anniversary, BNI Releases TapCash Special Designs for SUPER JUNIOR, Red Velvet and NCT
 189    June 30, 2023                                                                                                                            Jakarta
                            DREAM
 190    July 01, 2023       Increasing MSME Penetration in the Global Market, BNI is Involved in KIF 2023                                        Jakarta
 191    July 02, 2023       BNI Fostered MSMEs in Hong Kong Attract Erick Thohir                                                                 Jakarta
 192    July 04, 2023       Migrant Workers Value BNI Services Extraordinarily                                                                   Jakarta
 193    July 05, 2023       Migrant Workers Value BNI Services Extraordinarily                                                                   Jakarta
 194    July 06, 2023       Celebrating 77th Anniversary, BNI Holds Golf, Cycling and Climbing 7 Mountains                                       Jakarta
 195    July 08, 2023       AKHLAK and RACE become BNI's reference for improving performance                                                     Jakarta
 196    July 09, 2023       Optimizing 2023 Improvement Trends, BNI Strengthens Quality and Coverage                                             Jakarta
 197    July 10, 2023       Economic Trends 2023: This is the View of the President Commissioner of BNI                                          Jakarta
 198    July 11, 2023       Series of 77th Anniversary, BNI Plants 77 Thousand Trees                                                             Jakarta
 199    July 12, 2023       BNI Appreciates Athletes at the 2023 Badminton Asia Junior Championship                                              Jakarta
 200    July 12, 2023       Now BNI EDC Machines & BNI E-Commerce Services Can Accept American Express Cards                                     Jakarta
 201    July 13, 2023       BNI Mobile Banking Successfully Maintains Growth Momentum in the Digital Era                                         Jakarta
 202    July 14, 2023       Carrying out the mission to become a global bank, BNI serves the Diaspora in 26 countries                            Jakarta
 203    July 15, 2023       Beware of the New Fraudulent Mode of Mistransferring Money                                                           Jakarta
 204    July 15, 2023       Series of 77th Anniversary, BNI Holds Friendly Golf Tournament                                                       Jakarta
 205    July 17, 2023       BNI Reports Fraud Mode Under the Guise of Increased Transfer Fees to Polda Metro Jaya                                Jakarta
 206    July 18, 2023       Catching DHE Domestically, BNI Prepares Optimization System and Program                                              Jakarta
 207    July 19, 2023       77th BNI Anniversary, These are the Hopes and Prayers from Musicians Dewa19 to Gigi                                  Jakarta
 208    July 20, 2023       Series of BNI's 77th Anniversary, 46Cyclist Community Holds BNI Bike Challenge 460K                                  Jakarta
 209    July 21, 2023       Encouraging Labuan Bajo Tourism, KAWAN BNI Strengthens Tourism Village Destinations                                  Jakarta
 210    July 23, 2023       Celebrating the 77th Anniversary, BNI Collaborates with 117 Culinary MSMEs to Celebrate BNI Loud Fest 2023           Jakarta
 211    July 23, 2023       Celebrating the 77th Anniversary, BNI Collaborates with 117 Culinary MSMEs to Celebrate BNI Loud Fest 2023           Jakarta
 212    July 23, 2023       BNI Loud Fest 2023, Form of Appreciation for BNI Hi-Movers                                                           Jakarta
 213    July 24, 2023       Loud Fest Vol.2 2023, President Jokowi and Minister of BUMN Appreciate BNI Transformation                            Jakarta
 214    July 25, 2023       BNI Maintains Long-Term Quality Growth Momentum                                                                      Jakarta
 215    July 26, 2023       Reaching 14.9 Million Users, BNI Mobile Banking is Increasingly Trusted                                              Jakarta
 216    July 29, 2023       Supporting MSMEs to Go Global, BNI Supports MSME Bazaar for Indonesia                                                Jakarta
 217    July 29, 2023       BNI Agen46 has reached more than 173 thousand in the first semester of 2023                                          Jakarta
 218    July 30, 2023       Boosting MSMEs in Indonesia, Hibank Receives Award as Indonesia Best Bank Awards 2023                                Jakarta
 219    July 31, 2023       Book Quality Growth, Stock Analyst Appreciates BBNI                                                                  Jakarta
                            Going Global with Indonesian Products: Erick Thohir Supports Medan Millennial Entrepreneurs to Succeed in
 220    July 31, 2023                                                                                                                            Jakarta
                            the Global Market
 221    August 01, 2023     BNI Green Bond Successfully Reduces the Impact of Greenhouse Gas Emissions                                           Jakarta
 222    August 01, 2023     Digital Banking Performance Increasingly Solid, BNIDirect Users Reach 138,000 Users                                  Jakarta
 223    August 02, 2023     BNI Prepares Hibank as the First Digital Bank to Focus on MSMEs                                                      Jakarta
 224    August 02, 2023     HR Transformation is the Key to the Success of BNI Go Global                                                         Jakarta
 225    August 04, 2023     BNI and Bluebird Apply Digital Transformation to Support the Cashless Era                                            Jakarta
 226    August 04, 2023     BNI Sekuritas Records Positive Revenue                                                                               Jakarta
 227    August 05, 2023     BNI-Boom Motorist Shop Card Accelerates Business Growth and Digital Ecosystem for Motorists                          Jakarta
 228    August 06, 2023     BNI Diaspora Loan Helps Wulandari Expand Halal Food Business in Japan                                                Jakarta
 229    August 06, 2023     Breaking World Records, BNI Supports the World's Largest Angklung Performance                                        Jakarta
 230    August 07, 2023     Spectaxcular 2023, DJP Collaborates with BNI to Hold Tax Campaign                                                    Jakarta
 231    August 07, 2023     BNI Ciputra Golfpreneur Tournament 2023                                                                              Jakarta




                                                                                             Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   913
Page 327
          2023                     Management                       Company                    Management Discussion and                  Business Support
      Performance                    Report                          Profile                 Analysis on Company Performance                 Functions




        No.   Date                                                                         Title                                                        Place
                                     BNI Celebrates the 78th Anniversary of the Republic of Indonesia, Supports the Activities of the Palace of
        232   August 08, 2023                                                                                                                           Jakarta
                                     Dresses
                                     Momentum for Recovery in Semester II 2023, BNI President Director is Confident that All Economic Sectors
        233   August 09, 2023                                                                                                                           Jakarta
                                     Will Revive
        234   August 09, 2023        Developing MSME Economic Recovery Through the BNI MSME Festival                                                    Jakarta
        235   August 10, 2023        Siloam and BNI Launch BNI x Siloam Hospitals Credit Card Co-Branding Product                                       Jakarta
        236   August 11, 2023        BNI Ready to Implement New Minimum Capital Regulations                                                             Jakarta
        237   August 11, 2023        Xpora Continues to Encourage North Sumatra MSMEs to Export Abroad                                                  Jakarta
        238   August 12, 2023        Export Enabler, BNI Maximizes Global MSME Development Through BNI Xpora                                            Jakarta
        239   August 12, 2023        Encouraging Sportainment, BNI Supports Media Clash 3.0                                                             Jakarta
        240   August 13, 2023        Strengthening the Diaspora Ecosystem, BNI Supports the Congress of Indonesian Diaspora 2023                        Jakarta
        241   August 14, 2023        BNI Ventures Maintains Growth Momentum in the Founding Period                                                      Jakarta
        242   August 15, 2023        BNI Multifinance Successfully Records a 6.6 Times Increase in Financing                                            Jakarta
        243   August 15, 2023        Increasing Financial Inclusion for People with Disabilities, BNI Strengthens Socialization                         Jakarta
        244   August 16, 2023        Supporting the Government, BNI Holds Stunting Prevention and Alleviation Program for Toddlers                      Jakarta
        245   August 17, 2023        Maintain Resilience in Banking Conditions, This is the Advice from BNI President Commissioner                      Jakarta
        246   August 18, 2023        BNI Sekuritas Accompanies Astra ARKO Group in Issuing Green Bonds                                                  Jakarta
        247   August 18, 2023        Encouraging support for MSMEs, Hibank Won a number of awards                                                       Jakarta
        248   August 19, 2023        Strengthening Go Global Performance, BNI Xpora brings 15 MSMEs to Hong Kong Food Expo 2023                         Jakarta
        249   August 20, 2023        BNI Life Apresiasi 76 Paskibraka, Beri Jaminan Asuransi Jiwa                                                       Jakarta
        250   August 20, 2023        Implementing GCG, BNI Strengthens Information Openness                                                             Jakarta
        251   August 21, 2023        The BNI Xpora Program Reaches More than 27,000 MSMEs                                                               Jakarta
        252   August 21, 2023        Actively Socializing Student Savings, BNI Won 3 OJK Awards                                                         Jakarta
        253   August 21, 2023        Erick Thohir Reveals Plans to Reduce National Logistics Costs in BUMN                                              Jakarta
        254   August 21, 2023        Erick Thohir Explains Two Big Duties for BNI                                                                       Jakarta
        255   August 23, 2023        Protect Migrant Workers, BNI Receives Task from BUMN Minister Erick Thohir                                         Jakarta
        256   August 23, 2023        BNI Bazaar Festival is Held Again, Here are the Interesting Promos                                                 Jakarta
                                     Strengthening Commitment to Employment Opportunities for Persons with Disabilities, BNI Supports the
        257   August 25, 2023                                                                                                                           Jakarta
                                     Disability Equality Workshop Program
        258   August 25, 2023        BNI Loan Diaspora Helps Lucky Indonesia Restaurant Expand Market in Hong Kong                                      Jakarta
        259   August 25, 2023        BNI AM Participates in GN Circle BPJAMSOSTEK                                                                       Jakarta
        260   August 26, 2023        Adding Capital, BNI Multifinance Strengthens Performance in the Consumer Market                                    Jakarta
        261   August 26, 2023        BNI-Ciputra Golfpreneur Tournament 2023 Encourages Indonesian Golfers to Leap Higher to the World Stage            Jakarta
        262   August 27, 2023        Supporting Jabodebek LRT Operations, BNI Ensures Payment Infrastructure is Ready                                   Jakarta
        263   August 27, 2023        Deputy Minister Tiko Visits Jabodebek LRT, Ensures Integration and Ease of Access                                  Jakarta
        264   August 27, 2023        The 2023 Real Work Festival was Successfully Held, Encouraging the Performance of Dozens of MSMEs                  Jakarta
        265   August 28, 2023        Encouraging Insurance Literacy and Inclusion, Here is BNI Life's Effective Program                                 Jakarta
        266   August 28, 2023        Zero Waste Industry, BNI Supports Wastra Producer MSMEs                                                            Jakarta
        267   August 29, 2023        Increasing Millennial & Gen Z Customer Penetration, BNI Inaugurates Trisakti Thematic Outlet                       Jakarta
        268   August 30, 2023        BNI Encourages Innovation and Collaboration Programs in Facing Air Pollution Challenges                            Jakarta
        269   August 31, 2023        Becoming An Entrepreneur, Here's the Advice from the President Director of BNI for Millennials and Gen Z           Jakarta
        270   August 31, 2023        Catch DHE Domestically, This is a Banking Solution from BNI                                                        Jakarta
        271   August 31, 2023        Having a target of IDR 62.9 trillion in green portfolio, BNI is ready to showcase at AIPF                          Jakarta
                                     Investment Banking BNI Sekuritas Pioneers Upstream Asset Transactions in the Indonesian Oil and Gas
        272   September 01, 2023                                                                                                                        Jakarta
                                     Industry
        273   September 02, 2023     Leading in Green Infrastructure, BNI Showcasing at AIPF                                                            Jakarta
        274   September 02, 2023     Supporting AIPF, BNI Encourages Inclusive Digital Transformation                                                   Jakarta
        275   September 02, 2023     BNI Asset Management Provides Financial Education for Hundreds of Diaspora in Japan                                Jakarta
        276   September 03, 2023     Providing Financial Education for Diaspora in Japan, BNI Disappreciates OJK and Embassy                            Jakarta
        277   September 03, 2023     Creative MSME Enabler Go Global, Here is BNI's Flagship Development Scheme at the AIPF Event                       Jakarta
        278   September 04, 2023     Celebrating National Customer Day, BNI Intensifies Digital Services                                                Jakarta
        279   September 04, 2023     Harpelnas Momentum, BNI Life Digital Insurance Soars More Than 1,000%                                              Jakarta
        280   September 05, 2023     Berry/Rian Won Champion of Xpora Indonesia International Challenge                                                 Jakarta
        281   September 05, 2023     National Customer Day 2023, BNI Always Provides the Best Service for People with Disabilities                      Jakarta
        282   September 05, 2023     ASEAN Summit Day 1, Here is BNI's Vision                                                                           Jakarta


914   From Local to Global
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Capital & Risk Management    Good Corporate           Social & Environmental                ESG                      Financial
          Practices           Governance                  Responsibility                 Commitment                 Statements




 No.    Date                                                                     Title                                                           Place
 283    September 05, 2023   The President calls the ASEAN Summit a momentum to increase trade, BNI is ready to collaborate                     Jakarta
 284    September 06, 2023   Successfully Taking Advantage of AIPF 2023 Momentum, BNI Locks Two MoUs                                            Jakarta
 285    September 06, 2023   Showcasing at AIPF 2023, BNI Demonstrates Digital Transformation Achievements                                      Jakarta
 286    September 06, 2023   BUMN Deputy Minister Rosan Appreciates BNI Mobile Banking at AIPF 2023                                             Jakarta
 287    September 07, 2023   BNI Exhibits hibank at AIPF 2023, This is an Opportunity for the Indonesian MSME Segment                           Jakarta
 288    September 07, 2023   AIPF 2023: BNI Views ASEAN as a Source of Growth                                                                   Jakarta
 289    September 07, 2023   AIPF 2023 MSME Business Matching, BNI Xpora Collaborates with Seoul Trade Attaché                                  Jakarta
 290    September 08, 2023   Commitment to Implementing Sustainable Business, Hibank Won Top GRC Awards 2023                                    Jakarta
 291    September 08, 2023   Strengthening Digital Financial Inclusion, Hibank Holds Cyber Security Literacy in Lampung                         Jakarta
 292    September 08, 2023   BNI Collaborates with BPD Lampung to Issue Indonesian Credit Cards                                                 Jakarta
 293    September 08, 2023   BNI and BNI Sekuritas Win the 2023 Alpha Southeast Asia Award                                                      Jakarta
 294    September 09, 2023   Making Dutch Diaspora Transactions Easier, BNI Praised by Ambassador                                               Jakarta
 295    September 10, 2023   Making Dutch Diaspora Transactions Easier, BNI Praised by Ambassador                                               Jakarta
 296    September 10, 2023   Encouraging the Potential of Indonesian Culture to Go Global, BNI Supports Batik in Algiers 2023                   Jakarta
 297    September 11, 2023   Diaspora Develops Business in Amsterdam, BNI Ready to Support                                                      Jakarta
 298    September 11, 2023   Supporting the Batik Exhibition in Algiers, the Indonesian Embassy in Alger appreciates BNI                        Jakarta
 299    September 13, 2023   BNI Again Supports BNI Indonesian Masters 2023, the Biggest Golf Tournament in Indonesia                           Jakarta
 300    September 13, 2023   Strengthening Support for Women's MSMEs, BNI Presents Pertiwi Indonesia at Kriyanusa 2023                          Jakarta
 301    September 14, 2023   BNI and UI Launch Digital Campus Financial Ecosystem Platform                                                      Jakarta
 302    September 14, 2023   Hassle-free Export Business Socialization, BNI Holds Talkshow in Kriyanusa                                         Jakarta
 303    September 14, 2023   Growth Trend Continues, BNI Optimistic of Expansive Credit                                                         Jakarta
 304    September 14, 2023   BNI Holds Srikandi BUMN Goes to Campus, Invites UI Students to Be Ready to Transform into Global Talent            Jakarta
 305    September 19, 2023   BNI EGMS Approves Stock Split Ratio 1:2                                                                            Jakarta
 306    September 21, 2023   BNI Won "The Best Overall Big Caps" at the 14th IICD Corporate Governance Award 2023                               Jakarta
 307    September 21, 2023   Optimal Growth, BNI Credit Increases 8.8%                                                                          Jakarta
 308    September 21, 2023   Targeting Japanese Premium Dining Lovers, BNI and JCB Launch the Ultimate BNI JCB Card                             Jakarta
 309    September 21, 2023   BNI ATM Makes it Easier to Withdraw Cash for Migrant Workers in Hong Kong                                          Jakarta
 310    September 21, 2023   Promotion of Local Products Go Global, BNI Brings MSMEs to the 2023 CAEXPO Exhibition in China                     Jakarta
 311    September 22, 2023   Increasing Financial Inclusion in Hong Kong, BNI Acquires 18 thousand Accounts                                     Jakarta
 312    September 23, 2023   Remaining Positive, BNI Forex Transactions Grow 13%                                                                Jakarta
                             Meeting the Diaspora in Hong Kong, BNI, Dukcapil and BPJS Employment Commit to Providing the Right
 313    September 23, 2023                                                                                                                      Jakarta
                             Solution
 314    September 23, 2023   BNI Supports the Socialization of NIT and IKD Dukcapil to the Diaspora in Hong Kong                                Jakarta
 315    September 23, 2023   Developing Go Global Digital Ambassadors, BNI Embraces PPI Hong Kong                                               Jakarta
 316    September 24, 2023   Dukcapil Appreciates BNI for Providing Convenience for Diaspora in Hong Kong                                       Jakarta
 317    September 24, 2023   Become a Diaspora Liaison and PMI Get Job Protection, Bpjamsostek Appreciates BNI                                  Jakarta
                             BNI, Dukcapil, and Bpjamsostek Make It Easier for Hong Kong Diaspora and Migrant Workers to Have
 318    September 24, 2023                                                                                                                      Jakarta
                             Accounts and Employment Protection
                             Strengthening the Socialization of Financial Services in Hong Kong, BNI Has the Potential to Work with 168
 319    September 25, 2023                                                                                                                      Jakarta
                             Thousand Diaspora
 320    September 25, 2023   Stock Split Makes Shares More Liquid, BNI Targets Young Investors                                                  Jakarta
 321    September 26, 2023   New Face of ATM Link, Encouraging wider and more inclusive access to financial services                            Jakarta
 322    September 26, 2023   BNI Helps Ministry of Education and Culture Distribute More than IDR 1.8 T of PIP Funds                            Jakarta
                             Prophet Muhammad SAW Birthday Holiday, BNI Implements Limited Operational Services and Continues to
 323    September 27, 2023                                                                                                                      Jakarta
                             Serve KUR and BWU
 324    September 27, 2023   Expanding Agen46, BNI Collaborates with Kinarya Selaras Solusi                                                     Jakarta
                             Supporting the Development of the Sanur Special Economic Zone, BNI Signs Credit Agreement for Hotel
 325    September 28, 2023                                                                                                                      Jakarta
                             Revitalization
 326    September 28, 2023   Launching Integration and New Appearance of ATM Link, Minister Erick Asks BNI to Integrate Diaspora                Jakarta
 327    September 28, 2023   Improving Air Quality, BNI Supports Mutual Cooperation in Donating 5,000 Trees                                     Jakarta
 328    September 29, 2023   Indonesia Incorporated Website Launched                                                                            Jakarta
 329    September 29, 2023   Study Visit CRDB Bank Tanzania, BNI Invites Waste Bank Savings for Sustainable Banking                             Jakarta
 330    September 30, 2023   So investors hurry, BBNI shares set an all-time record                                                             Jakarta
 331    October 01, 2023     Mutual Cooperation Bringing Trees                                                                                  Jakarta




                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   915
Page 329
          2023                   Management                       Company                     Management Discussion and                   Business Support
      Performance                  Report                          Profile                  Analysis on Company Performance                  Functions




        No.   Date                                                                       Title                                                          Place
        332   October 02, 2023     Proactive Commitment in the Carbon Exchange, BNI Buys 40,000 Tons                                                    Jakarta
        333   October 03, 2023     BNI BI-FAST transactions grow 900%                                                                                   Jakarta
        334   October 03, 2023     BNI Fully Supports the Batik Palace Performance to Commemorate National Batik Day                                    Jakarta
        335   October 03, 2023     BNI Encourages Financial Literacy in Children and Adolescents                                                        Jakarta
        336   October 04, 2023     BBNI Stock Split Process Records Highest Record of All Time, This is the Opinion of Observers                        Jakarta
        337   October 05, 2023     Inacraft On October 2023, BNI Invites MSMEs to Go Global                                                             Jakarta
        338   October 05, 2023     Positive Performance, BNI Optimistic that Indonesia's Economic Fundamentals Are Still Solid                          Jakarta
        339   October 06, 2023     Inacraft On October 2023, These Are Two MSMEs Fostered by BNI Xpora Visited by the President                         Jakarta
        340   October 06, 2023     Oversubscribed 135.2 Times, BNI Sekuritas Successfully Accompanies Barito Renewables Energy IPO                      Jakarta
        341   October 06, 2023     BNI Sekuritas Receives ISO/IEC 27001:2013 Information Security Management System Certification                       Jakarta
        342   October 06, 2023     New BBNI Prices After Stock Split Starting from IDR 5,200                                                            Jakarta
        343   October 07, 2023     Carrying out the Go Global Mission, BNI's Foreign Exchange from Exports Increases 66%                                Jakarta
        344   October 08, 2023     Encourage MSMEs to Export, These are BNI Xpora's Tips                                                                Jakarta
        345   October 08, 2023     Receiving a Global Bank Mandate from Minister Erick Thohir, Here is BNI's Strategy to Encourage MSME Exports         Jakarta
        346   October 09, 2023     Ministry of BUMN Appreciates BNI Xpora for Helping MSMEs Export                                                      Jakarta
        347   October 09, 2023     Carrying out the Go Global Mission, BNI's Foreign Exchange from Exports Increases 66%                                Jakarta
        348   October 10, 2023     Maintaining Food Security, BNI Helps Strengthen the Alsintan Taxi Program                                            Jakarta
        349   October 10, 2023     New Price for BBNI Shares, BNI Gets Positive Review                                                                  Jakarta
        350   October 11, 2023     Strengthening Consumer Protection Aspects, OJK Appreciates BNI                                                       Jakarta
        351   October 11, 2023     BNI Showcases Digital Banking Transformation and Innovation at Experience Indonesia London 2023                      Jakarta
        352   October 11, 2023     BNI is Committed to Supporting Equality for People with Disabilities                                                 Jakarta
        353   October 12, 2023     BNI Celebrates the 2023 Mandalika MotoGP with Ticket Discount Offers                                                 Jakarta
        354   October 13, 2023     Supporting Jazz Music Events, BNI is Increasingly Familiar with BNI Mobile Banking                                   Jakarta
        355   October 13, 2023     Maintaining Mental Health, BNI Supports BUMN 1,000 People Tell Their Stories                                         Jakarta
        356   October 13, 2023     BNI and Batik Air Hold First Travel Fair, Offer Various Ticket Promos                                                Jakarta
        357   October 13, 2023     Strengthening the Food Security Industry, BNI Becomes Lead Arranger for Pusri Investment of IDR 9.32 trillion        Jakarta
        358   October 14, 2023     Hibank Re-branding, BNI Receives Appreciation                                                                        Jakarta
        359   October 14, 2023     First State-Owned Bank IPO, BNI Assets Reach More Than IDR 1,000 trillion                                            Jakarta
        360   October 15, 2023     15% discount on purchasing official 2023 Mandalika MotoGP merchandise using a BNI card                               Jakarta
        361   October 15, 2023     Carrying out the Go Global Mandate, BNI Strengthens 3 Strategic Values                                               Jakarta
        362   October 16, 2023     BNI and UKI Collaborate on Higher Education Financial Ecosystem Program                                              Jakarta
        363   October 17, 2023     BNI Xpora Becomes a Bridge for Indonesian MSMEs with Exporters from the Netherlands                                  Jakarta
        364   October 19, 2023     Supporting the Digitalization of MSMEs, BNI Builds Synergy with Amartha                                              Jakarta
        365   October 20, 2023     Support Market Digitalization Through Agen46, BNI Collaborates with Asparindo                                        Jakarta
        366   October 20, 2023     BNI Consistently Provides Support for the Indonesian Diaspora                                                        Jakarta
        367   October 21, 2023     BNI Investor Daily Summit 2023 Echoes Optimism for Economic Growth                                                   Jakarta
        368   October 22, 2023     Hibank Jakarta Marathon 2023, BNI Pushes Hibank to the Global Stage                                                  Jakarta
        369   October 22, 2023     BNI Supports Financial Literacy Through the BNI Mobile Banking Application                                           Jakarta
        370   October 23, 2023     BNI Xpora Encourages Ciamis Wood Production to be Exported Abroad                                                    Jakarta
        371   October 24, 2023     BNI Investor Daily Summit 2023, this is President Jokowi's message                                                   Jakarta
                                   BNI Investor Daily Summit 2023, BNI President Director Optimistic that Indonesia's Economy is Getting
        372   October 25, 2023                                                                                                                          Jakarta
                                   Stronger
                                   The Most Beautiful Investment Conference, BNI Investor Daily Summit 2023 Encourages a Sustainable
        373   October 25, 2023                                                                                                                          Jakarta
                                   Economy
        374   October 25, 2023     BNI Investor Daily Summit 2023, BNI Strengthens Digital Economic Development                                         Jakarta
        375   October 26, 2023     BNI Investor Daily Summit 2023, BNI Reveals Strategy to Succeed MSMEs on the Global Stage                            Jakarta
        376   October 26, 2023     BNI Investor Daily Summit 2023, Jokowi Visits BNI's MSME Fostered Booth                                              Jakarta
                                   BNI Investor Daily Summit 2023, Government Encourages Strengthening the Digital Economy and Creating
        377   October 27, 2023                                                                                                                          Jakarta
                                   Young Entrepreneurs
                                   BNI Investor Daily Summit 2023, Total BNI Green Bond Emission Reduction Reaches 230 Thousand Tons of
        378   October 27, 2023                                                                                                                          Jakarta
                                   CO2 per Year
        379   October 28, 2023     BNI Investor Daily Summit 2023, BNI President Director Calls Indonesian Banking Resilient                            Jakarta
        380   October 28, 2023     Improving Community Welfare, BNI Strengthens Tourism Village Development                                             Jakarta
        381   October 28, 2023     BNI and BEI Launch Capital Market Literacy and Inclusion for 10,000 Banking Industry Employees                       Jakarta
        382   October 28, 2023     BNI Xpora Makes Seaweed Exports Easy                                                                                 Jakarta


916   From Local to Global
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Capital & Risk Management   Good Corporate            Social & Environmental                ESG                      Financial
          Practices          Governance                   Responsibility                 Commitment                 Statements




 No.    Date                                                                     Title                                                           Place
 383    October 29, 2023    4 Years of Leadership of the Minister of BUMN, Here is BNI's Corporate Action                                       Jakarta
 384    October 31, 2023    BNI Won Award as a Bank Driving Inclusive Finance for People with Disabilities                                      Jakarta
                            Accelerating Credit and Profit Growth, While Prioritizing Prudential Aspects in Risk and Liquidity
 385    October 31, 2023                                                                                                                        Jakarta
                            Management Amidst Macroeconomic and Geopolitical Dynamics
 386    November 02, 2023   BNI Foreign Office Credit Grows 10.8%                                                                               Jakarta
 387    November 02, 2023   Touch Transaction Volume IDR 5,017 trillion, BNI Strengthens BNIDirect                                              Jakarta
                            Increasing MSME Business Capacity, BNI Collaborates with ITPC Osaka and the Indonesian Embassy in
 388    November 03, 2023                                                                                                                       Jakarta
                            Tokyo
 389    November 04, 2023   Optimal Revenue Performance, BNI Believes Shares Continue to be Appreciated                                         Jakarta
 390    November 04, 2023   Achieving Positive Performance, BBNI Investor Confidence Increases                                                  Jakarta
 391    November 05, 2023   Economic Growth Momentum Continues, BNI Optimistic Credit Meets Target                                              Jakarta
 392    November 05, 2023   BNI Appreciates Sean Gelael Achieves Runner Up Achievement in Bahrain                                               Jakarta
 393    November 05, 2023   BNI Appreciates Sean Gelael Achieves Runner Up Achievement in Bahrain                                               Jakarta
 394    November 07, 2023   BNI Becomes Main Partner in Realizing the Success of IKN Development                                                Jakarta
 395    November 08, 2023   BNI Digital Solutions Drive CASA Growth                                                                             Jakarta
 396    November 08, 2023   CEO Networking 2023, BNI Supports Sustainable Investment in Indonesia                                               Jakarta
 397    November 09, 2023   BNI's good performance is believed to continue until the end of the year                                            Jakarta
 398    November 09, 2023   Observers Value BNI's Performance as Very Good in the Midst of Global Economic Challenges                           Jakarta
 399    November 09, 2023   Digital Banking Pioneer, BNI Strengthens API Services                                                               Jakarta
 400    November 10, 2023   Collaboration for the Earth, BNI & WWF Indonesia launches the new face of the BNI-WWF Credit Card                   Jakarta
                            Through BNI, the Minister of State-Owned Enterprises Believes that Diaspora and Migrant Workers Will No
 401    November 10, 2023                                                                                                                       Jakarta
                            Longer Be Underestimated
 402    November 10, 2023   BNI Collaborates with UNHAS Expansion of Campus Financial Ecosystem Program collaboration                           Jakarta
 403    November 12, 2023   BNI Collaborates with UNHAS Expansion of Campus Financial Ecosystem Program collaboration                           Jakarta
 404    November 13, 2023   Heroic Spirit, hibank is here to support MSMEs #everydayhiro                                                        Jakarta
 405    November 13, 2023   Enlivening FIFA World Cup U-17, BNI Gives Ticket Purchase Promo Up to 30%                                           Jakarta
 406    November 15, 2023   Bringing the Spirit of Going Global, BNI Indonesian Masters is Ready to be Held                                     Jakarta
 407    November 15, 2023   Home VAT Incentive, BNI Griya Optimistic of Performance Improvement                                                 Jakarta
 408    November 16, 2023   Tri Pakarta is Increasingly Competitive in the Insurance Industry                                                   Jakarta
 409    November 16, 2023   BNI Indonesia Masters Runs Tightly, Gaganjeet Bhullar Leads Position                                                Jakarta
 410    November 17, 2023   BNI Indonesian Masters 2023, Kevin Akbar Passes the Cut Off                                                         Jakarta
 411    November 18, 2023   Welcoming the Festive Season, BNI Prepares Various Attractive Promos for Customers                                  Jakarta
 412    November 19, 2023   Third Round of BNI Indonesian Masters, Puig Soars and Jonathan Secures Position                                     Jakarta
 413    November 19, 2023   BNI-Ministry of Health Provides Equipment Assistance for doctorSHARE Floating Hospital                              Jakarta
 414    November 20, 2023   King of Four Rounds, Bhullar Won BNI Indonesian Masters presented by Tunas Niaga Energi                             Jakarta
 415    November 20, 2023   BNI Proactively Supports Efforts to Recovery and Improve BUMN Performance                                           Jakarta
 416    November 21, 2023   Supporting BUMN Transformation, BNI Increases Credit to BUMN                                                        Jakarta
 417    November 23, 2023   BNI Subsidiary Companies Grow Positively Along with the Transformation Program                                      Jakarta
 418    November 23, 2023   Successfully Developing Digital Banking Services, BNI API Portal Won 2023 DevPortal Awards                          Jakarta
 419    November 24, 2023   BNI and Ringkas Collaborate to Make It Easier for People to Get a House                                             Jakarta
 420    November 26, 2023   Targeting the South Korean and Japanese markets, BNI and BI develop Xpora                                           Jakarta
 421    November 26, 2023   BNI Promotes the Equator Coffee Trail Program                                                                       Jakarta
 422    November 27, 2023   Solid Fundamentals, BNI Targets More Optimal Profitability Levels                                                   Jakarta
 423    November 28, 2023   Preventing Blindness, BNI Holds Cataract Surgery in Eastern Indonesia                                               Jakarta
 424    November 28, 2023   Strengthening Indonesia-Australia Relations, BNI Supports Indonesia by the Harbor                                   Jakarta
 425    November 29, 2023   Dividends are part of BNI's appreciation for shareholders                                                           Jakarta
 426    November 29, 2023   BNI Supports Trisakti Technopreneurship Towards a Green Campus                                                      Jakarta
 427    November 29, 2023   BNI Strengthens Support for the Upstream Oil and Gas Industry and MSMEs                                             Jakarta
 428    November 30, 2023   BNI Finance Records New Financing Increase of 7.5 Times                                                             Jakarta
 429    November 30, 2023   Appearing with a New Face, BNI Emerald is Ready to Become the Best in the Wealth Management Industry                Jakarta
 430    December 01, 2023   Transparent in Disclosure of ESG Reports, BNI Won Investor Trust-BGK Foundation Award                               Jakarta
 431    December 02, 2023   BNI Receives The Best CEO of The Most Sustainable Bank Award                                                        Jakarta
 432    December 03, 2023   Optimizing End of Year Momentum, BNI Encourages Development of the MSME Segment                                     Jakarta
 433    December 06, 2023   BNI Spreads Attractive End of Year Promos, Holidays Become More Economical                                          Jakarta



                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   917
Page 331
          2023                    Management                      Company                     Management Discussion and                  Business Support
      Performance                   Report                         Profile                  Analysis on Company Performance                 Functions




        No.   Date                                                                       Title                                                         Place
        434   December 07, 2023     Successfully Facing the Crisis, BNI Won 5 Awards                                                                   Jakarta
        435   December 08, 2023     Supporting COP28, BNI Strengthens Green Banking Strategy                                                           Jakarta
        436   December 09, 2023     BNI Prepares Cash Funds of IDR 22.02 Trillion to Meet Christmas and New Year Service Needs                         Jakarta
        437   December 09, 2023     Appreciating Customers, BNI and Hypermart Collaborate Through the BNI Shopping Race Program                        Jakarta
        438   December 10, 2023     BNI Finance Appoints Suhartono as President Commissioner and Carries Out Rebranding                                Jakarta
        439   December 11, 2023     BNI Won 3 Awards from Bank Indonesia                                                                               Jakarta
        440   December 12, 2023     BNI and XL Axiata Launch BNI – XL PRIORITAS Credit Card Co-Branding Product                                        Jakarta
        441   December 12, 2023     Special Harbolnas Promo 12.12 for BNI Card Users                                                                   Jakarta
        442   December 13, 2023     BNI Supports OJK to Strengthen Financial Literacy                                                                  Jakarta
        443   December 13, 2023     Supported by BNI, Successful Home Decoration Business Utilizes Waste Spare Parts                                   Jakarta
        444   December 14, 2023     Innovative in Campus Services, BNI Won 2 Kemendikbudristek Awards                                                  Jakarta
        445   December 15, 2023     Prevent Blindness BNI Holds Cataract Surgery in Eastern Indonesia                                                  Jakarta
        446   December 15, 2023     BNI Won Awards from Euromoney Cash Management Survey 2023 and Alpha Southeast Asia Awards 2023                     Jakarta
        447   December 16, 2023     BNI Finance Again Receives IDR 400 Billion Fund Injection from BNI Bank                                            Jakarta
        448   December 18, 2023     Growing 20%, BNI Improves End of Year BNIDirect Performance                                                        Jakarta
        449   December 18, 2023     BNI Shares Christmas 2023 to Help the Welfare of People in Need                                                    Jakarta
        450   December 18, 2023     Watch out! 'BNI Recruitment' Fraudsters Spread Hoaxes Via Social Media and Email, Don't Believe It                 Jakarta
        451   December 19, 2023     BNI Agen46 Reaches 175 Thousand, DPK Reaches IDR 2.98 Trillion                                                     Jakarta
        452   December 20, 2023     Thanks to BNI Training, MSMEs are Able to Understand Market Research and Branding                                  Jakarta
        453   December 20, 2023     End of year staycation, this is the BNI promo                                                                      Jakarta
        454   December 20, 2023     Achieving Informative Predicate, BNI Receives 2023 Public Information Openness Award                               Jakarta
        455   December 23, 2023     BNI Optimistic of Resilient Performance in 2024                                                                    Jakarta
        456   December 24, 2023     Transforming BNI into a Game Changer in Digitalization and Transaction Services                                    Jakarta
        457   December 24, 2023     BNI Offers Woosh Ticket Purchase Promo Starting from IDR 200 Thousand                                              Jakarta
        458   December 24, 2023     Encouraging Economic Recovery, BNI Continues to Serve KUR and BWU during the 2023 Christmas Holidays               Jakarta
        459   December 26, 2023     In the spirit of Christmas and New Year, this is the BNI Digital Transaction Channel                               Jakarta
        460   December 28, 2023     2024 Ready to have a house, here are the tips                                                                      Jakarta
        461   December 29, 2023     Welcoming 2024, BNI Commits to Strengthening Diaspora Doing Business Through BNI Xpora                             Jakarta
        462   December 29, 2023     Preventing Blindness, BNI Continues Cataract Surgery in Eastern Indonesia                                          Jakarta
        463   December 29, 2023     Implementing ESG, BNI Disburses Green Loan for PLN                                                                 Jakarta
        464   December 29, 2023     2023 Stock Exchange Closing, BBNI Rises 16.53%                                                                     Jakarta
        465   December 31, 2023     Receiving BNI Support, Kalaniwood Successfully Utilizes Waste to Make Crafts                                       Jakarta




      E-SINERGI 46

      E-Sinergi 46 is a special Internal Media for BNI Hi-Movers                    To encourage BNI Hi-Movers’ active use of the application,
      that can be accessed through mobile and web based apps,                       E-Sinergi presents a gamification program in the form
      which acts as a means of sharing real-time information,                       of reward points, where every activity in the E-Sinergi
      experiences and knowledge. The E-Sinergi 46 application                       46 application can earn points. The points collected can
      can be downloaded via the Google Play Store and App                           be redeemed or exchanged for: Phone Credit Purchases,
      Store by BNI Hi-Movers.The content contained in E-Sinergi                     Purchase of Data Packages, Purchases of vouchers or
      46 is presented in written form and also in the form of                       payment of PLN bills, Top Up Link Aja, Top Up Go Pay, and
      photos and videos.                                                            Top Up OVO. To increase access to information from work
                                                                                    units, E-Sinergi 46 managers also provide incentives for
                                                                                    employees who contribute by sending news.




918   From Local to Global
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          Practices            Governance                  Responsibility                Commitment                   Statements




 No.       Date                                                                        Headline
 1         January 01, 2023      4 Reasons Self-Reward is Important
 2         January 01, 2023      Ant-Man 3 to Dune Part 2, these are the recommended films that will be released in 2023
 3         January 02, 2023      The Luckiest Zodiac Sign This Year!
 4         January 02, 2023      PPKM Revoked, What Are the Latest Rules? Check it out here, come on!
 5         January 03, 2023      PPKM Revoked, What Are the Latest Rules? Check it out here, come on!
 6         January 04, 2023      Supporting Indonesian Sports, BNI Launches Jakarta Volleyball Team BNI46
 7         January 04, 2023      Challenge “BNI Hi-Movers Wrapped 2022”!!!
 8         January 04, 2023      Four Strategies that Banks Must Implement to Face the Global Recession
 9         January 04, 2023      Gold Projected to Sparkle Amid the Threat of Global Recession in 2023
 10        January 05, 2023      No Drugs! This is How to Cure a Sore Throat Quickly
 11        January 05, 2023      Save on Monthly Shopping with BNI Rewards Points
 12        January 05, 2023      Have you ever experienced cramps while sleeping? Here's How to Solve It!
 13        January 06, 2023      Posting Wrong Content on Social Media? Don't panic, try doing this, come on!
 14        January 06, 2023      Looking at Personality from Wearing a Watch, BNI Hi-Movers Team Right or Left?
 15        January 06, 2023      BNI and Perum Jasa Tirta Collaborate on VA Debit Card Service Transactions
 16        January 06, 2023      Transforming into a Digital Bank, Bank Mayora's GMS Introduces New Management
 17        January 07, 2023      Beware of the Dangers of DHF, Here's How to Prevent It!
 18        January 07, 2023      Traveling Trend that will Boom in 2023!
 19        January 08, 2023      BUMN's Service to Gunungsitoli, BNI Enlivens MSME Bazaar and Cheap Market for the People
 20        January 08, 2023      Want a different holiday? This is the Best Solo Traveling Destination in Indonesia
 21        January 08, 2023      Recommendations for fun sports to fill your holidays
 22        January 09, 2023      Must Know! This is how to check whether BPJS Health is active or not
 23        January 10, 2023      Encouraging MSME Ecosystem to Go Global, BNI Relies on KUR Allocation of IDR 36.5 Trillion
 24        January 10, 2023      Come on, find out about WhatsApp Proxy, a new feature that WhatsApp has launched
 25        January 10, 2023      Important! Food Entrepreneurs Must Be Halal Certified
 26        January 11, 2023      Can you make money by creating content on YouTube Shorts? Check Here
 27        January 11, 2023      What is the difference between SIM C, SIM C1 and SIM C2? Take a peek at the explanation here, come on!
 28        January 11, 2023      The Importance of Understanding the Waiting Period and Free Look Period in Insurance Policies
 29        January 12, 2023      Hidden Features on Twitter that are Worth Trying, BNI Hi-Movers Did You Know?
 30        January 12, 2023      5 Effective Tips to Increase Career Path and Income
 31        January 15, 2023      Get to know ERP, a paid road system that will be implemented in Jakarta
 32        January 15, 2023      This comet only passes by once in its lifetime! BNI Hi-Movers Want to See? Note the Schedule Here
 33        January 16, 2023      Tips for storing important documents so they don't get damaged, don't laminate them!
 34        January 16, 2023      BNI is optimistic that digital business will grow positively in 2023
 35        January 16, 2023      The Best Contributor K-Store
 36        January 17, 2023      The role of BNI in promoting national sports was appreciated by the Minister of Youth and Sports
 37        January 17, 2023      Hidden Features on Twitter that are Worth Trying, BNI Hi-Movers Did You Know?
 38        January 17, 2023      Fajar-Rian is the New Champion of Indonesian Pride
 39        January 18, 2023      BNI Hi-Movers, which team are you on if you eat Nasi Padang? #TeamUseSpoons #TeamUseHands?
 40        January 19, 2023      Come on, become a trustworthy BNI Hi-Movers
 41        January 20, 2023      Come on, increase your competency, so you can jump higher
 42        January 20, 2023      Anti-Mainstream Educational Tour Choice: Metro Studio Ceramic Room
 43        January 20, 2023      Targeting Millennial Executives, BNI Emerald holds the Next Gen Community 2023 event
 44        January 21, 2023      Ahead of the Chinese New Year holidays, these are tourist destinations in Indonesia to celebrate Chinese New Year
 45        January 21, 2023      The Important Key to Consistency for Lazy Sports
 46        January 22, 2023      5 Typical Chinese New Year Fruits Believed to Bring Good Luck
 47        January 22, 2023      Exploring the History and Traditions of Chinese New Year
 48        January 23, 2023      The Luckiest Shio Shio in 2023
 49        January 23, 2023      No Need to Wait for Tickets, As of January 24 2023 You Can Get the Second COVID-19 Booster Vaccination
 50        January 23, 2023      Indonesia Metaverse Show 2023
 51        January 24, 2023      Indonesia Master 2023 Begins, Support Your Idol Badminton Athletes!
 52        January 24, 2023      Transformation and Innovation are the Keys for BNI to Make the Highest Profits in History




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      Performance                         Report                         Profile                  Analysis on Company Performance               Functions




       No.          Date                                                                          Headline
       53           January 25, 2023         5 Morning Habits to Focus Your Brain All Day
       54           January 25, 2023         BNI Recorded Highest Profit in History, Transformation and Innovation Are Key
       55           January 25, 2023         Christian Adinata Debuts in Main Round of Indonesia Masters 2023, BNI Gives Encouragement
       56           January 26, 2023         Anthony Ginting is ranked 2nd in the world, come on, continue to support Indonesian athletes to jump higher
       57           January 26, 2023         BNI & LOTTE Mart Launches New Contactless BNI LOTTE Card Design and Features
       58           January 26, 2023         Come on, change your mindset so it doesn't hinder productivity in the office
       59           January 27, 2023         Successful Transformation, BNI Achieves Satisfactory Service Predicate
       60           January 27, 2023         Come on, create a harmonious relationship between BNI Hi-Movers in the office
       61           January 28, 2023         Netflix does not prohibit users from sharing passwords, but there are additional fees
       62           January 28, 2023         The Indonesian Badminton National Team Continues Struggle at the 2023 Daihatsu Indonesia Masters
       63           January 28, 2023         Optimistic for the Year of the Rabbit, BNI Socializes 3 Product Champions to Customers
       64           January 29, 2023         The Indonesian Badminton National Team Struggles in the 2023 Daihatsu Indonesia Masters Final
       65           January 30, 2023         Indonesia Successfully Won 2 Champion Titles at the 2023 Indonesia Masters
       66           January 30, 2023         BNI Hi-Movers, this is the Importance of Having an Adaptive Attitude in the Office
                                             Expanding Regional Digitalization, BNI and Cilegon City Government Collaborate on Banking Services and Smart
       67           January 30, 2023
                                             City Programs
       68           January 31, 2023         Validation of NIK to become NPWP can be done online, here's how!
       69           January 31, 2023         Come on, find out how to improve the performance of the BNI Hi-Movers Team with collaboration
       70           February 01, 2023        The Second Booster Vaccine is Available to the General Public
       71           February 01, 2023        Focus on Developing Digital Business, BNIDirect and BNI Mobile Banking Users Grow Rapidly
       72           February 01, 2023        After 50,000 Years, Comet ZTF Crosses Earth Again! Here's How to See It
       73           February 02, 2023        Alert! New Fraud Mode, Clicking on the Link Leads to Account Hacking
       74           February 02, 2023        Data Culture The Series: Data Leads
       75           February 03, 2023        Increasing the Use of Mobile Banking, BNI Gives Out Prizes for 21 Cars and 212 Motorbikes
       76           February 03, 2023        Can't go through brokers, make a SIM using facial scanning technology!
       77           February 04, 2023        Every hour an Indonesian woman dies from cervical cancer, here's how to prevent it!
       78           February 04, 2023        No need to bother going to Dukcapil, here's how to check your family card online
       79           February 05, 2023        Find out about Frugal Travel which is predicted to be a holiday trend this year, come on!
       80           February 06, 2023        Knowledge Supplement: Set Yourself Up for Financial Freedom
       81           February 07, 2023        Improving Community AD/ART, BNI 46Cyclist Holds 3rd National Conference
                                             Knowledge Supplement: Socialization of Coordinating Ministerial Decree No. 1 and No. 2 of 2023 regarding
       82           February 07, 2023
                                             People's Business Credit (KUR)
       83           February 07, 2023        Don't let your wallet drain on small expenses, here are tips to stop the Latte Factor habit!
       84           February 07, 2023        BNI The Royale Krakatau Music Fest 2023 Successfully Entertains Cilegon Music Lovers
       85           February 07, 2023        Are you curious about the Instagram post you liked for the first time? Here's How to Check!
       86           February 07, 2023        Holding National Circuit, BNI Supports Search for Young Badminton Seeds in 12 Cities
       87           February 08, 2023        Come on, get to know decision making styles and their characteristics!
                                             Appreciating Outstanding Athletes at Indonesia Masters 2023, BNI and PBSI Ready to Escort Chico Cs to
       88           February 09, 2023
                                             Badminton Asia Mixed Team in Dubai
       89           February 09, 2023        HPN 2023, BNI Commits to Supporting Improvement of Journalist Competency
       90           February 10, 2023        Curious about OpenAI's ChatGPT? Come on, see how
       91           February 10, 2023        Warm-up Steps You Can Try Before Playing Badminton
       92           February 10, 2023        BNI and PT Krakatau Sarana Properti Collaborate in Digitalizing the Industrial Area Ecosystem
       93           February 11, 2023        Want a Successful Career? Master This Social Skill
       94           February 11, 2023        KIRIS or KYURIS? What is the Correct Way to Read?
       95           February 11, 2023        5 Longest Bridges in the World
       96           February 12, 2023        Want to know about romantic tourism in Indonesia? This is the recommendation
       97           February 13, 2023        SYMPHONY AWARDS 2023
       98           February 13, 2023        2023 National Circuit
       99           February 13, 2023        Recommendations for films that are suitable to watch for Valentine's Day
       100          February 14, 2023        Choose Chocolate or Flowers? Let's take a peek at your personality
       101          February 14, 2023        e-KTP will be replaced with a Digital KTP, here's how to make it and the differences
                                             BNI Business Meeting 2023, Indonesia Has an Important Role as Chair of ASEAN 2023, BNI Can Take Advantage of
       102          February 14, 2023
                                             Business Opportunities




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          Practices             Governance                  Responsibility               Commitment                  Statements




 No.       Date                                                                        Headline
                                  Fraud Awareness Series: It Will Happen to Me: Efforts to Develop Risk-Culture and Peer Review to Prevent Internal
 103       February 15, 2023
                                  Fraud
 104       February 15, 2023      BNI Encourages 7 Transformation Strategies for 2023
 105       February 15, 2023      Ethics of Sending Whatsapp Messages that BNI Hi-Movers Must Pay Attention to
 106       February 15, 2023      Personality Type Based on Favorite Color, Which Color Do You Like BNI Hi-Movers?
 107       February 16, 2023      Banks Asked to Oversee Economy & Downstream Program, What does Mr Royke say?
 108       February 16, 2023      BNI Releases Special TapCash Card NCT 127 '2 Baddies' Design
 109       February 16, 2023      What is Sitting Wind? Come on, get to know the causes and symptoms!
 110       February 17, 2023      BNI Japan Airlines Travel Fair is Coming!
 111       February 18, 2023      Recommendations for Anti-Lost Maps Applications on the Streets, Important Supplies for Travelers
 112       February 19, 2023      Control Blood Sugar for a Healthier and Happier Life, Come on!
 113       February 20, 2023      The Importance of Self Awareness for Mental Health
 114       February 20, 2023      2,000 Mangrove Seedlings for Bali
 115       February 21, 2023      Get to know the types of waste and how to process it
 116       February 21, 2023      Appreciation to Customers and Partners, BNI Holds Golf Tournament
 117       February 22, 2023      Get to know the causes, symptoms and ways to treat diabetes in children
 118       February 22, 2023      Strengthening the Socialization of Narcotics Abuse, BNI Collaborates with BNN RI
 119       February 23, 2023      Want to get free tickets to Raisa Live in Concert?
 120       February 23, 2023      Oppo Creativepreneur Corner 2023 Powered by BNI
 121       February 24, 2023      Congratulations to BNI Hi-Movers who participated in the BUMN Batch II Volunteer Program
 122       February 24, 2023      BNI and the Ministry of PUPR Synergize to Build Smart Village Residences in the Capital City of the Archipelago
 123       February 24, 2023      Commemorating National Waste Awareness Day, BNI Provides Assistance with Pos Pandai Equipment
 124       February 24, 2023      Inter-Unit Challenge: BNI Hi-Movers Cares About Waste
 125       February 24, 2023      Congratulations to BNI Hi-Movers Winner of Raisa Concert Tickets
 126       February 25, 2023      BNI Won Three Awards at the 2023 JCB Award Event
 127       February 26, 2023      Encouraging Creative Industries, BNI Supports Raisa Live in Concert Sponsorship
 128       February 26, 2023      Attracting Millennial Customers, BNI Sponsors Aurora Concert
 129       February 27, 2023      Discipline Execution “Why Execution Matters?: Employee Engagement
 130       February 27, 2023      Content on Social Media, You Have to Be Wise!
 131       February 27, 2023      "National Economic & Business Outlook 2023 Webinar: Maintaining Economic Momentum Amid Uncertainty
 132       February 28, 2023      Come on, come to INACRAFT 2023
 133       February 28, 2023      BNI – INACRAFT 2023 Promo
 134       March 1, 2023          BNI CERIA
 135       March 1, 2023          BNI President Director Won The Best CEO with Distinction 2022 Award
                                  OJK and Bank Responsibilities in Consumer Protection to Increase Employee Anti-Fraud Awareness
 136       March 1, 2023
                                  Understanding
 137       March 1, 2023          Supporting MSMEs to Go Global, BNI Supports Inacraft 2023
 138       March 1, 2023          Bond and Forex transactions can now be done via BNI Bonds and FX Mobile
 139       March 2, 2023          Appreciation of 2022 Performance Achievements
 140       March 2, 2023          BNI Financial Smart 2023
 141       March 2, 2023          Smart and Safe Investment Webinar with EMASKITA
 142       March 3, 2023          BNI CorpU TV Knowledge Supplement: Socialization of the Use of Digital KTP
 143       March 3, 2023          Inacraft 2023 Event, BNI Event to Support MSMEs to Enter the International Market
                                  Multiverse Collaboration, Refreshment Segment Small Business and Program to Embrace Standard Credit
 144       March 3, 2023
                                  Managers throughout Indonesia
 145       March 4, 2023          UPZ BNI Distributes Education Fund Assistance Through the BUMN Prosperous Village Program
 146       March 5, 2023          Productive Auto! Easy Tips to Get Used to Waking Up Early
                                  BNI Zakat Collection Unit Provides Education Fund Assistance for Students in West Java - UPZ BNI Distributes
 147       March 6, 2023
                                  Education Fund Assistance Through the BUMN Prosperous Village Program
                                  BNI CorpU TV Knowledge Supplement: Discussion of Changes to the 16 Digit NPWP Format (Based on PMK 112 of
 148       March 6, 2023
                                  2022)
 149       March 6, 2023          Commemoration of the 24th SP BNI Anniversary, Jump Higher with Collaboration
 150       March 7, 2023          Africa is Called the Continent of the Future for New Economic Growth, BNI Takes the Opportunity
 151       March 7, 2023          Digital Transformation, BNI Invites Andalas University Students to Become Agen46




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      Performance                      Report                         Profile                 Analysis on Company Performance                  Functions




        No.         Date                                                                          Headline
        152         March 7, 2023         Winner of CC Racing 2023 January 2023 Period
        153         March 9, 2023         BNI is Optimistic that Credit Will Continue to Grow Highly in 2023
        154         March 9, 2023         BNI Emerald Market Outlook
        155         March 8, 2023         Hartadiana Abadi - BNI Roadshow
        156         March 9, 2023         Not just running, there's a lot of fun at the IKA UNS Color Run
        157         March 9, 2023         Supporting Dukcapil Innovation, BNI Hi-Movers Register for Digital KTP Activation
        158         March 9, 2023         BNI CorpU TV Supplement: The importance of good archive management for BNI
        159         March 9, 2023         Expanding Digital Channels, BNI Inaugurates Banking Café at UGM
        160         March 10, 2023        CC Racing Program 2023 (Credit Card Race So Amazing)
        161         March 10, 2023        Digital Transformation, BNI Invites Andalas University Students to Become Agen46
        162         March 10, 2023        Working on the African Market, BNI Optimizes International Banking Services
        163         March 10, 2023        Support the Government's Efforts to Achieve Zero Carbon 2060, Here is BNI's strategy
        164         March 11, 2023        Supporting the Electric Vehicle Ecosystem, BNI Prepares a Special Financing Program
        165         March 11, 2023        Holding Market Outlook, Here is BNI's Guide for Investors
        166         March 12, 2023        BNI Expo with RANS East Java Economic Acceleration
        167         March 12, 2023        Entrepreneurship Before 30's, President Director of BNI: Here is the Potential!
        168         March 12, 2023        Working Beyond Boundaries, MSMEs Fostered by BNI Appear Charming at Dhawafest 2023
        169         March 13, 2023        Knowledge Supplement: Perpu No. 2 of 2022 (Job Creation)
        170         March 13, 2023        BNIDirect Continues to Encourage Institutional Transaction Performance
        171         March 13, 2023        BNI Participates in Indonesian Harvest of 1 Million Hectares
        172         March 14, 2023        Exciting Series of BNI National Circuit, Central Java
        173         March 14, 2023        Celebrate the 266th Anniversary of Adeging Pura Mangkunegaran
        174         March 14, 2023        RACE Talk Series : "Single Integrated Monitoring Tool (SIMON)"
        175         March 14, 2023        BNI Hi-Movers, Come Vote at the BNI GMS for Fiscal Year 2022
        176         March 14, 2023        Congratulations on competing with the Indonesian National Team at All England 2023
        177         March 15, 2023        Not Just Music, BNI Sigernation Festival 2023 Presents the Wealth of Sumatra Island
        178         March 15, 2023        Distributing Dividends of IDR 7.3 Trillion, BNI is Optimistic that Performance Will Become More Positive in 2023
        179         March 16, 2023        Handing over of BNI GaPakeNanti Lucky Draw Prizes at BNI Probolinggo
        180         March 16, 2023        ULBI Bandung Students Now Make Financial Transactions Easier Through BNI Virtual Accounts
        181         March 17, 2023        Boosting Transformation, BNI is Optimistic that Performance Will Continue to Soar
        182         March 17, 2023        ASEAN is the key to the global economy, Indonesia and Vietnam have an important role
        183         March 18, 2023        Affirmation by the Indonesian Ministry of Health to remove masks in public places
        184         March 19, 2023        Board of Commissioners and Directors of PT Bank Negara Indonesia (Persero) Tbk
        185         March 19, 2023        BNI Liquidity Ratio Reaches 219%, Safe Against Shocks
        186         March 19, 2023        Indonesia Ensures One Champion Title at All England 2023
        187         March 19, 2023        Welcoming Nyepi Day, Saka New Year 1945, BNI Distributes Basic Food Packages and Temple Construction
        188         March 20, 2023        BNI Participates in Celebrating the 266th Adeging Pura Mangkunegaran
        189         March 20, 2023        BNI's Support for Indonesian Badminton Athletes Yields Results: Fajar & Rian Winners at All England 2023
        190         March 21, 2023        Get to know the Bill of Lading, an important document for transactions sending goods via sea transportation
        191         March 21, 2023        Preparing for Ramadhan and Eid, BNI Provides IDR 45.9 Trillion
        192         March 22, 2023        Nyepi 2023 Rules: Cellular Data, TV and Radio Broadcasts Turned Off and Tarawih at Home
        193         March 22, 2023        Erick Thohir interprets Mangkunegaran's anniversary to welcome the 2023 ASEAN Summit
        194         March 22, 2023        Happy Nyepi Day, Saka New Year 1945
        195         March 23, 2023        Prosperous Family by Financial Planning BNI Hi-Movers
        196         March 23, 2023        Tips for Creating Fresh Breath During Fasting
        197         March 23, 2023        Marhaban Ya Ramadhan, Happy Fasting 1444 H
        198         March 24, 2023        Cool! Quality Journalism Products, BNI Won Three Awards
        199         March 24, 2023        The Right Way to Manage Finances During Ramadan, Anti-wasteful!
        200         March 24, 2023        Welcoming Ramadhan, BNI Distributes 77,000 Basic Food Packages
        201         March 24, 2023        Difference Between People Person & People Pleaser, Which BNI Hi-Movers?
        202         March 25, 2023        Break the fast, snack first or eat straight away?
        203         March 25, 2023        #This is the time to jump higher and achieve Tri Hita Karana




922   From Local to Global
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          Practices          Governance                  Responsibility                Commitment                 Statements




 No.       Date                                                                     Headline
 204       March 25, 2023      Come on, follow this method so you don't oversleep Sahur
 205       March 27, 2023      BNI and Ministry of PUPR Collaborate to Create Multifunctional Cards for Workers at IKN
 206       March 27, 2023      BNI Overseas Branch Office Credit Distribution Grows Positively in February 2023
 207       March 27, 2023      Trade Series Vol. 2: Exporters and Importers Must Understand Letters of Credit Before Making Transactions
 208       March 27, 2023      Senayan City The Gracious Ramadan
 209       March 28, 2023      BNI CorpU TV Knowledge Supplement: Socialization & Utilization of the PaDi MSME Platform
 210       March 28, 2023      Benefits of ASEAN Chairmanship Momentum 2023, BNI is Most Prospective
                               BNI CorpU TV Knowledge Supplement: Digital Trend & Skill Series #1: What Will Happen in 2023 & What Can We
 211       March 29, 2023
                               Do to Jump?
 212       March 29, 2023      February 2023, the number of BNI Mobile Banking users increased by 25% YoY
 213       March 29, 2023      This is the time to jump higher and carve goodness, Safari Ramadhan W5
 214       March 30, 2023      Come on, take a peek at how to prepare retirement funds
 215       April 02, 2023      Tips and Tricks for Traveling While Fasting
 216       April 02, 2023      DPR members are optimistic that BNI Go Global will not just be a slogan
 217       April 02, 2023      Senayan City The Gracious Ramadan
                               Discussion of the New Tax Regulations 2023 (PP No. 50 of 2022): Procedures for Exercising Tax Rights & Fulfilling
 218       April 03, 2023
                               Tax Obligations
 219       April 03, 2023      Recommendations for Islamic Religious Tourism in Indonesia
 220       April 03, 2023      Trade Series Vol. 3 : Documentary Credit, Payment Instruments that Exporters and Importers Must Understand
 221       April 04, 2023      BNI Won Bronze Medal at the 2022 Asia Sustainability Reporting Awards
 222       April 04, 2023      BNI Xpora is considered a good breakthrough for the 2023 ASEAN Chair
 223       April 04, 2023      BNI CorpU TV Knowledge Supplement: Health Education BNI Live
 224       April 04, 2023      Women's Empowerment, Blessings of Processed Shallots
 225       April 05, 2023      Indonesia Won One of the 2023 Spain Masters Titles
 226       April 05, 2023      BNI Corporate Secretary Won "The 1st Rank" Award in Corporate Secretary Champion 2023 from SWA Media
                               BNI CorpU TV Knowledge Supplement: Exploring the Secrets of the Winners of the OJK Financial Inclusion
 227       April 05, 2023
                               Competition (KOINKU)
 228       April 05, 2023      5 things that are considered taboo when fasting during Ramadan
 229       April 06, 2023      BNI Ramadhan Safari Regional Office 06
 230       April 06, 2023      BNI Asset Management Won Award at the 2023 Best Mutual Fund Awards
 231       April 06, 2023      BNI Won OMNI Brands of the Year Marketeers Award 2023
 232       April 06, 2023      Choose the Capital Logo #NusantaraKita
 233       April 08, 2023      5 Benefits of Dates
 234       April 09, 2023      Ramadhan Safari 2023 BNI Regional Office 01
 235       April 09, 2023      The Virtue of Giving Alms in the Month of Ramadan
 236       April 10, 2023      BNI CorpU TV Knowledge Supplement: "Secrets and Wisdom of Work"
 237       April 10, 2023      Things that must be prepared before going home, don't miss anything!
 238       April 10, 2023      Ngabuburit Tradition in Indonesia, What Are You Doing?
 239       April 10, 2023      BNI Ramadhan Safari 2023 Regional Office 09
 240       April 10, 2023      Challenge 2023, this is the key strategy from the President Director of BNI
 241       April 10, 2023      BNI Invites Diaspora to Serve in Building the Country
 242       April 10, 2023      Trade Series Vol. 4: DOCDEX, Rules that International Trade Business Players Need to Understand
 243       April 11, 2023      Ramadan Blessings: Sharing Happiness, Celebrate the Night of the Coming of the Al-Qur'an
 244       April 11, 2023      Herbal Spice Business, From School Practice to Penetrating the Export Market
 245       April 11, 2023      Be Careful of Wrong Transfers! Make sure before making a transaction with QRIS!
 246       April 12, 2023      Ramadhan Safari 2023 BNI Regional Office 17
 247       April 12, 2023      Strengthening Collaboration, BNI and UGM Sign CFEST and KTM Co-Brand Cooperation
 248       April 13, 2023      Ramadhan Safari 2023 BNI Regional Office 02
 249       April 13, 2023      Winner of CC Racing 2023 for the February 2023 period
 250       April 13, 2023      BNI CorpU TV Knowledge Supplement: Maintaining Personal Integrity by Increasing Faith and Devotion
 251       April 13, 2023      BNI Won Best Digital Brand Award 2023
 252       April 14, 2023      BNI Won TOP Innovation Choice Awards 2023 from INFOBRANDS.ID and TRANS N CO




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Page 337
          2023                       Management                      Company                      Management Discussion and               Business Support
      Performance                      Report                         Profile                   Analysis on Company Performance              Functions




        No.         Date                                                                         Headline
        253         April 14, 2023        BNI CorpU TV Knowledge Supplement: Maintaining Personal Integrity by Increasing Faith and Devotion
        254         April 14, 2023        Ensure Customers are Comfortable on Eid Holidays, BNI Operates 86 Outlets and 48 O-Branch
        255         April 14, 2023        Ready to meet the need for international banking services, BNI introduces KCP MDS KBUMN as a thematic outlet
        256         April 14, 2023        Ramadan Blessings: Sharing Happiness, Celebrate the Night of the Coming of the Al-Qur'an
        257         April 14, 2023        Ramadan Safari 2023 BNI Regional Office 18
        258         April 15, 2023        #It'sTimeToTolerance
        259         April 17, 2023        BNI Launches E-Magazine and Homecoming Map, Homecoming Travel Becomes Easy and Enjoyable with BNI
        260         April 17, 2023        Moving the Economy Forward, BNI Focuses. Go Global, Go Digital, Go Green
                                          BNI CorpU TV Knowledge Supplement: Socialization of BPJS TK Registration for KUR Debtors as Implementation
        261         April 17, 2023
                                          of Premendo No. 1 of 2023
        262         April 17, 2023        BNI Java Jazz Festival 2023
        263         April 17, 2023        Keep well! Covid-19 in Indonesia is on the rise again
        264         April 17, 2023        Supporting BUMN Goes To Campus, BNI Invites Students to Contribute Through BUMN
        265         April 17, 2023        Experience BNI Digital Solutions at Hannover Messe 2023
        266         April 18, 2023        BNI Supports National Food Security Through Millennial Smart Farming
        267         April 19, 2023        Transformation Encourages BNI's Performance to Grow Positively and with Quality in the First Quarter of 2023
        268         April 19, 2023        BNI Participates in Celebrating Homecoming with BUMN 2023, Homecoming is Anticipated in the Heart
        269         April 20, 2023        Controlling 21% of Industry, DPLK BNI Collaborates with Semen Padang
        270         April 20, 2023        Ramadan Safari 2023 BNI Regional Office 08
        271         April 21, 2023        BNI Homecoming Post Facilitates Rest for Homecomers
        272         April 21, 2023        Fun activities so you don't lose your style during traffic jams going home
        273         April 21, 2023        Things You Will Miss When Ramadan Ends
        274         April 21, 2023        Happy Eid Al-Fitr 1444 H, Jump Higher Carve Goodness
        275         April 21, 2023        Happy Eid Al-Fitr 1444H, Sorry to be born and inner heart
        276         April 21, 2023        BUMN Homecoming Post at Juanda Airport
        277         April 22, 2023        Things that were Sunnah for the Prophet during Eid al-Fitr
        278         April 22, 2023        Eid traditions that only exist in Indonesia!
        279         April 23, 2023        2nd day of Eid, this is the most sought after food!
        280         April 23, 2023        Where to go for Eid holidays? This is a Favorite Destination in Indonesia
        281         April 23, 2023        Ramadan Safari 2023 BNI Region 11
        282         April 24, 2023        Reasons not to overeat during Eid
        283         April 24, 2023        What is the Difference Between OTP and PIN?
        284         April 24, 2023        Tips for cleaning the house without stress when household members return home
        285         April 24, 2023        Exciting Activities to Do When You're Not Homecoming
        286         April 24, 2023        BNI Ramadan Safari 2023 Region 16
        287         April 24, 2023        Recommendations for free tourist attractions in Jakarta, for those who don't go home
        288         April 24, 2023        Preparation for Facing Eid Backflow
        289         April 24, 2023        The Importance of Maintaining Data Security During Long Holidays
        290         April 25, 2023        Tips for getting your brain re focused after the holiday break
        291         April 25, 2023        Momentum of Ramadan and Eid, BNI Tapcash is Getting Better
        292         April 25, 2023        5 Rest Areas You Must Visit During the Backflow of Homecoming
        293         April 26, 2023        How to Relieve Fatigue After Going Home, Get Your Body Fit Again!
        294         April 26, 2023        The Unique and Exciting Takbiran Tradition in Various Regions of Indonesia
        295         April 26, 2023        HalalBiHalal Wisdom
        296         April 26, 2023        Encouraging KUR, BNI Helps Micro Business Actors
        297         April 26, 2023        New Fraud Mode, Sending Links Via WhatsApp Messages
        298         April 26, 2023        Anti-Drag End of Month Tips!
        299         April 27, 2023        BNI Won TOP Innovation Choice Awards 2023 from INFOBRANDS.ID and TRANS N CO
        300         April 27, 2023        Global Mindset Webinar Series 1: The Role of Financial Services Players in Bringing Indonesia to the Global Stage
        301         April 27, 2023        Carving Kindness, BNI Holds Assistance Program in Probolinggo
        302         April 27, 2023        Encouraging Industrialization, BNI's Enterprise Segment Gets a Positive Catalyst




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          Practices          Governance                  Responsibility                Commitment                   Statements




 No.       Date                                                                     Headline
 303       April 28, 2023      Find out what Hustle Culture is, Come on, BNI Hi-Movers!
                               Global Mindset Knowledge Supplement Webinar Series #1: The Role of Financial Services Players in Bringing
 304       April 28, 2023
                               Indonesia to the Global Stage
 305       April 28, 2023      Get to know Passive Income and How to Get It
 306       April 28, 2023      Improve Customer Experience, BNI Mobile Banking Transactions and Volume Grow Positively
 307       April 29, 2023      How to protect yourself from extreme weather, here are the tips!
 308       April 29, 2023      BNI Facilitates Indonesian Coffee Entrepreneurs to Appear at the London Coffee Festival
 309       April 29, 2023      The Holidays Aren't Over Yet! Fun Vacation Ideas with Family
 310       April 30, 2023      Eid Al-Fitr 2023, BNI's Daily Remittance Activity Increases Rapidly
 311       April 30, 2023      How to Manage Finances for Those of You Who Are Still Single
 312       April 30, 2023      Position to Get the Best View in the Cinema Based on Science
 313       May 1, 2023         Come on, take a look at the following tips if you want to increase your savings
 314       May 2, 2023         History of the BNI England Pare Village, an Edutourism Destination that You Must Visit
 315       May 2, 2023         Optimizing the KCLN Network, BNI is Optimistic that International Business will Grow Positively
                               Discussion of the New Tax Regulations in 2023 (PP No. 55 of 2022): Adjustments to Regulations in the Income Tax
 316       May 2, 2023
                               Sector
 317       May 2, 2023         Set a Record! BUMN Dividend Reaches Rp. 80.2 Trillion
 318       May 3, 2023         Digital Trend & Skill Series #2: Innovators Playbook: How to Create Great Products, Services and Experiences
 319       May 3, 2023         Launching of the 2023 BNI Action Program
 320       May 3, 2023         Bank Indonesia and Bank of Korea Agree on Cooperation in Using Each Country's Local Currency
 321       May 4, 2023         Recognize 7 Symptoms of the Latest Arcturus Variant of COVID-19
 322       May 4, 2023         Handicraft Pioneers Export Path Through BNI Xpora
 323       May 4, 2023         Happy World Press Freedom Day
 324       May 4, 2023         TJSL BNI Provides Social and Environmental Impact
 325       May 4, 2023         Safe and Comfortable with BNI Contact Center
 326       May 4, 2023         Bank Secret and Position
 327       May 5, 2023         Through BNI API, business people can more easily manage their finances
 328       May 5, 2023         The Importance of Self-Actualization and How to Apply It in the Workplace
 329       May 5, 2023         Bank Indonesia and the Central Bank of Laos Strengthen Cooperation in the Area of Central Banking
 330       May 5, 2023         Maintaining Attitude or Improving Skills? Which is More Important in the World of Work?
 331       May 6, 2023         Important! Here are 7 ways to check if WhatsApp has been tapped
 332       May 6, 2023         Recognize 5 Red Flags in Your Finances
 333       May 6, 2023         8 Pillars of a Balanced Life, Which Have You Checked?
 334       May 7, 2023         The beauty of the UNESCO Ciletuh Pelabuhan Ratu Global Geopark
 335       May 7, 2023         Do you like crazy shopping? Here are wise tips for managing digital wallets
 336       May 7, 2023         Important ! 7 Examples of the Social Impact of Global Warming that BNI Hi-Movers Must Know
 337       May 7, 2023         Unique Traditions in Indonesia carried out to Preserve Nature
 338       May 7, 2023         BNI Hi-Movers, do you prefer to sleep with the lights off or on?
 339       May 8, 2023         The Importance of Preparing Investments for the Future
 340       May 8, 2023         BNI CorpU TV Knowledge Supplement: Maintaining Spine Health that is Effective and Easy to Do
 341       May 8, 2023         BNI Records LCS Transaction Growth of 44.2%
 342       May 9, 2023         Proud! Athlete from West Java Rashif Amila Yaqin Contributes First Gold at the 2023 Sea Games
 343       May 9, 2023         Go Global BNI, Chocolate Business from Bali Goes Global
 344       May 9, 2023         Come on, support Indonesian athletes who are fighting in the 2023 Sea Games
 345       May 10, 2023        Ready to Win the 2023 Sudirman Cup, BNI and PBSI Release the Indonesian Team
 346       May 10, 2023        Come on, immediately vote for the IKN Nusantara logo of your choice
 347       May 10, 2023        BNI Won Best Customer Experience Predicate
 348       May 11, 2023        Easy! Here's how to check BI Checking (SLIK FSA) yourself online
 349       May 11, 2023        BNI Fostered Partners Attract Erick Thohir at the 2023 ASEAN Summit
 350       May 11, 2023        Supporting the Capital Market Ecosystem, BNI Holds a Capital Market Workshop
 351       May 11, 2023        Want your lungs to be healthier and stronger? Find out the types of vitamins here!
 352       May 12, 2023        Supporting the BNI Sirnas B Bali Event, BNI Gives Discounts and Prizes




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          2023                     Management                     Company                     Management Discussion and               Business Support
      Performance                    Report                        Profile                  Analysis on Company Performance              Functions




        No.         Date                                                                     Headline
        353         May 12, 2023        April 2023, BNI Mobile Banking Transactions Record a Significant Increase
        354         May 13, 2023        Self Healing Tips Without Spending Money
        355         May 13, 2023        National Super Priority Tourist Destination to Host the 2023 ASEAN Summit
        356         May 14, 2023        Good luck, bring home the Sudirman Cup!
        357         May 14, 2023        See the underwater beauty of Sabang Island
        358         May 14, 2023        5 Recommendations for Fun Films to Accompany Your Weekend, BNI Hi-Movers
        359         May 15, 2023        BNI Griya Maintains Positive Growth
        360         May 15, 2023        Black Pearls from Labuan Bajo Hypnotize the 2023 ASEAN SUMMIT Summit
        361         May 15, 2023        Keep the Earth Healthy, Come on, Do These Sustainable Activities!
        362         May 15, 2023        Winner of the 2023 K-Store Challenge Program Period 1
                                        Optimizing the Momentum of Passenger Traffic Growth, Garuda Indonesia Online Travel Fair (GOTF) is Held Again
        363         May 16, 2023
                                        Presenting Ticket Discounts of Up to 80%
        364         May 16, 2023        RACE Talk Series: Prime Customers
        365         May 16, 2023        Information regarding the Prohibition of BBNI Share Transactions during the Share Buyback Period ("buyback")
        366         May 17, 2023        Developing the BNI Xpora Market, BNI Explores Business in Australia
        367         May 17, 2023        BNI-TBIG Synergy, BNI's Commitment to Support Telecommunication Infrastructure
        368         May 17, 2023        BNI Corporate University Proactive Commitment to Success of the SPPUR Program
        369         May 18, 2023        What is a Financial Influencer? Take a peek at the explanation here, come on!
                                        Optimizing the Momentum of Passenger Traffic Growth, Garuda Indonesia Online Travel Fair (GOTF) is Held Again
        370         May 18, 2023
                                        Presenting Ticket Discounts of Up to 80%
        371         May 18, 2023        2023 SEA Games Final Medal Results: Indonesia Exceeds Target!
        372         May 19, 2023        2023 BUMN Joint Recruitment
        373         May 19, 2023        Dangers of AI in the Future, What are the Potential Dangers?
        374         May 19, 2023        Dedollarization, how will it affect the Indonesian economy?
        375         May 19, 2023        User Satisfaction Survey (USS) Wave 1
        376         May 20, 2023        Proud! 2022 Edition of Rupiah Money Won International Award
        377         May 20, 2023        The First Special Domestic Tourism Exhibition in Indonesia
        378         May 20, 2023        Ikigai, the Japanese Life Philosophy that BNI Hi-Movers Need to Emulate
        379         May 21, 2023        BNI's Endek Woven Clothing Business, Worn by First Ladies around the World
        380         May 21, 2023        5 Tourist Destinations in Indonesia to See Whale Sharks, Dare to Visit?
        381         May 21, 2023        The First Special Domestic Tourism Exhibition in Indonesia
        382         May 21, 2023        BNI Java Jazz Ready to Be Held in June, Fariz RM and Vina Panduwinata Provide Refreshment at JJOTM in Sarinah
        383         May 21, 2023        What is color analysis and how does it impact appearance?
        384         May 22, 2023        BNI's Endek Woven Clothing Business, Worn by First Ladies around the World
        385         May 22, 2023        Singing Challenge For Java Jazz 2023
        386         May 22, 2023        Service Excellence Drives BNIDirect Transaction and User Growth
        387         May 23, 2023        Get to know @dinegeri.orang, the Largest Indonesian Diaspora Community Made by BNI
        388         May 23, 2023        Tips for Securing Personal Data
        389         May 23, 2023        Promotion for purchasing BNI Java Jazz Festival 2023 tickets with BNI Mobile Banking
        390         May 24, 2023        Do not panic! Here's how to track a lost cellphone via WA and Google
        391         May 24, 2023        Full of Attractive Rewards, BNI AKSI 2023 Officially Launched
        392         May 25, 2023        Beware of Disinformation, It Can Cause Brain Hacking!
        393         May 25, 2023        BNI Hands Over Outdoor Activity Equipment Assistance to IMPALA Brawijaya University
        394         May 25, 2023        BEE Awards (BNI Excellence Employee Award)
        395         May 26, 2023        PPI Dunia Collaborates with BNI to Hold Alumni Connect
        396         May 26, 2023        Officially Launched, Hibank Focuses on the MSME Segment
        397         May 26, 2023        BNI UI Half Marathon 2023, Greener and More Sterile
                                        Opening PPI World Alumni Connect, the Vice President asks the younger generation to encourage the spirit of
        398         May 27, 2023
                                        building the country
        399         May 27, 2023        National Conference XII SP BNI Appoints AIfri Hamonangan as General Chairperson for the 2023-2026 Period
        400         May 27, 2023        BNI Excellence Award (BEE) 2023
        401         May 28, 2023        How Often Should We Wash Drinking Water Bottles?
        402         May 28, 2023        Embracing World Students, BNI Appreciated by KBUMN
        403         May 29, 2023        Beware of Social Engineering Modes that are Starting to Spread to Cyberspace!



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          Practices          Governance                  Responsibility                Commitment                    Statements




 No.       Date                                                                      Headline
 404       May 28, 2023        Exceeding Last Year's Achievements, Gregoria Won Runner Up in the 2023 Malaysia Masters
 405       May 30, 2023        Project Management: Boost Your Achievement with an Agile Mindset
 406       May 31, 2023        Government Launches New Logo for Archipelago Capital
 407       May 31, 2023        Ceremony to Commemorate the Birth of Pancasila in 2023
 408       June 2, 2023        BNI Java Jazz Festival 2023 is Back, Experience an Unforgettable Digital Experience
 409       June 2, 2023        BNI Sends 15 Local F&B MSMEs to Seoul Food & Hotel (SFH) 2023
 410       June 2, 2023        5 Million Salary, Who Says You Can't Invest?
 411       June 2, 2023        Mario Biondi, Stephen Sanchez, and Max admit they can't wait to perform at BNI Java Jazz 2023
 412       June 3, 2023        BNI Java Jazz Festival 2023, Don't Miss the Attractive Promo
 413       June 3, 2023        BNI Java Jazz Festival 2023 Becomes Momentum to Increase Tapcash Digital Transactions
 414       June 3, 2023        BNI Java Jazz Festival 2023 is an opportunity for BNI to attract millennials to have BNI credit cards
 415       June 3, 2023        BNI Java Jazz Festival 2023 #Day 1
 416       June 4, 2023        BNI Java Jazz Festival 2023 #Day2
 417       June 4, 2023        BNI Group Prepares a Complete Variety of Product Choices for the 2023 Java Jazz Fetival
 418       June 4, 2023        BNI Java Jazz Festival 2023 Dorong Bangkitnya Ekonomi Kreatif Indonesia
                               BNI Java Jazz Festival 2023 Encourages the Rise of Indonesia's Creative Economy BNI Java Jazz Festival 2023
 419       June 6, 2023
                               #Day 3
 420       June 6, 2023        BNI Supplement BNI CorpU TV: Gadget Addiction in Children: Impact on Health and How to Overcome It
 421       June 6, 2023        BNI EMIRATES Travel Fair 2023
 422       June 7, 2023        Viral on social media, what is ADHD? Listen here
 423       June 7, 2023        IKN's new logo is here, Here is BNI's next strategy
 424       June 7, 2023        BNI Sekuritas Officially Certified Anti-Bribery Management System
 425       June 8, 2023        BNI Supports IKN Promotion in Singapore
 426       June 8, 2023        Want to avoid missing out on information so you don't get FOMO?
 427       June 8, 2023        Top! Indonesia is still ahead in the 2023 ASEAN Para Games
 428       June 8, 2023        BNI CorpU Tv Knowledge Supplement: Launching Panda New Professional Style BNI Work Clothes
 429       June 8, 2023        Through BNI Remittance, sending money from Japan becomes easier
 430       June 8, 2023        BNI Collaborates with the Bina Nusantara Foundation through the Financial Ecosystem Program
 431       June 8, 2023        BNI Gives Out Dozens of Cars to Loyal BNI Customers
 432       June 9, 2023        Realizing a Sustainable Future, Bukalapak and BNI Plant 1,000 Multipurpose Tree Seedlings
 433       June 9, 2023        High Customer Investment Interest, BNI Wealth Management Grows Positively
 434       June 9, 2023        Alert! Gadget Addiction in Children Can Affect Health and Mental Health
 435       June 10, 2023       Strengthening the Campus Financial Ecosystem Program, BNI Synergizes with UNJ
 436       June 11, 2023       BNI Gives away Mitsubishi Triton, Hyundai Creta, and Land Rover Devender Rover Devender
 437       June 11, 2023       BNI Ranked in the World's Best Companies by Forbes
 438       June 12, 2023       4 Ways to Form Good Habits According to the Book 'Atomic Habit'
 439       June 12, 2023       Unique! Hunt for Traditional Culinary at Papringan Market Using Bamboo Chips
 440       June 12, 2023       Winner of CC Racing 2023 April 2023 Period
 441       June 13, 2023       Beware of fraudulent methods under the guise of letters increasing transaction fees in the name of BNI
 442       June 13, 2023       Hoaxes and Cyber Threats are Rampant, Here's How to Overcome Them
 443       June 14, 2023       BNI Friends Program Won B Universe CSR Award 2023
 444       June 15, 2023       Alert! Can Suck Up Accounts, Here Are Android Applications Infiltrated by Malware
 445       June 16, 2023       Must Know! Second Booster Vaccine Required for New Airplane Boarding Conditions 2023
 446       June 17, 2023       The Importance of Visual Content in Digital Marketing
 447       June 17, 2023       BNI Tokyo Supports the Presence of Indonesia's First Halal Vending Machine
 448       June 17, 2023       BNI Supports Ginting in the 2023 Indonesia Open Final
 449       June 19, 2023       Come on, understand the meaning of individual income tax (PPh).
 450       June 19, 2023       Ginting Runner-Up Indonesia Open 2023
                               BNI CorpU TV Knowledge Supplement: Financial Planning "Invest Wisely, Gain More" - Smart Investment Tricks for
 451       June 19, 2023
                               Workers
 452       June 19, 2023       Financial Planning: Invest Wisely, Gain More! - Smart Investment Tricks for Workers
 453       June 19, 2023       BNI Movie Day 2023, really fun to watch with the merchant
 454       June 19, 2023       BNI Empathy Dropbox
 455       June 20, 2023       Challenge #77SpiritToReinventYourself



                                                                                           Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   927
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      Performance                     Report                         Profile                  Analysis on Company Performance                Functions




        No.         Date                                                                       Headline
        456         June 21, 2023        Beware of Rabies! Be aware of the symptoms and how to treat them
        457         June 21, 2023        Synergy between UPZ BNI and BUMN's Prosperous Village Program, Helping Underprivileged Children in Bandung
        458         June 21, 2023        BNI 77th Anniversary Program #77SpiritToReinventYourself
        459         June 21, 2023        Support BNI Garuda Squad & Solo City Government to Hold Watch Together
        460         June 21, 2023        Show your concern for others. Let's join #BNIEmpathyDropBox
        461         June 22, 2023        BNI and DJKN Hold the 2023 BNI Goes to Bandung Auction Event Program
        462         June 22, 2023        Effective Tips for Building an Online Business to Harvest Profits
        463         June 22, 2023        BNI Mobile Banking Name & Tagline Competition. Get LinkAja Balance!
        464         June 22, 2023        What is the Function of Social Media?
        465         June 22, 2023        Providing Excellent Service, BNI Won 11 Awards
                                         BNU Collaborates with Dibimbing.ID to Hold Business Intelligence Bootcamp Training Batch 1: Mastering Data
        466         June 22, 2023
                                         Strategy for Business Excellence
        467         June 22, 2023        BNI Corpu TV Knowledge Supplement: Refreshment Counterfeit Foreign Paper Gang (UKA) "Bank Notes in 2023"
        468         June 23, 2023        77th Anniversary, BNI Gets Stronger, Tougher, More Trusted
        469         June 23, 2023        BNI CorpU TV Knowledge Supplement: Selling Skills & Public Communication For AMA
        470         June 23, 2023        Alert! Fraud is rampant via WhatsApp, overcome it with the following steps
        471         June 23, 2023        Supporting Government Programs, BNI is Committed to Continuing to Play an Active Role in Building the Country
        472         June 23, 2023        "Supporting Future Talent & Future Job Hi Movers, BNU Presents UI/UX Design Bootcamp Training"
        473         June 24, 2023        Protect from Fraudsters, WhatsApp Releases Call Mute Feature from Unknown Numbers
        474         June 24, 2023        Young People Want to Be Successful? Digital Literacy is the Key
        475         June 24, 2023        Again, the Millennial Generation Becomes Victims of Fraud using the Like and Subscribe mode of action
        476         June 25, 2023        Oversharing on Social Media, What are the Impacts?
        477         June 25, 2023        Chico, Ana and Tiwi perform brilliantly at the 2023 Taipei Open
        478         June 26, 2023        Want to penetrate the Japanese market, here are tips for MSME players
        479         June 26, 2023        BNI National Circuit (Sirnas) 2023 in Banjarbaru - South Kalimantan
        480         June 26, 2023        Eid al-Adha, BNI Implements Limited Operational Services
        481         June 26, 2023        Celebrate BNI's 77th Anniversary with Exciting Promos to Enjoy
        482         June 26, 2023        BNI CorpU TV Knowledge Supplement: Characteristics of the Authenticity of Rupiah Currency for Emission Year 2022
        483         June 26, 2023        Holiday with Eid al-Adha 1444 H, BNI continues to serve KUR and BWU transactions
        484         June 27, 2023        BNI CorpU TV Knowledge Supplement: BNI Xpora Series Webinar: If you want to export, it's not a hassle.
        485         June 27, 2023        As part of the Indonesian Migrant Worker Data System, BNI helps provide complete financial solutions
        486         June 27, 2023        Implementation of New Ways of Working (NWOW)
        487         June 28, 2023        5 Types of Plastic Waste that are Dangerous to Health and the Environment
        488         June 28, 2023        Hassle-free, MSMEs can get business permits via online registration
        489         June 28, 2023        Digi Micro Protection, Long Holidays Are Even More Comfortable with Travel Insurance
        490         June 28, 2023        Interesting! 5 Differences between Eid al-Adha Traditions in Indonesia and Saudi Arabia
        491         June 29, 2023        Is it permissible to cut your hair and nails before Eid al-Adha?
        492         June 29, 2023        Guaranteed not to go stale quickly! This is How to Store Sacrificial Meat
        493         June 29, 2023        Follow this method, so you don't worry about cholesterol when consuming meat
        494         June 29, 2023        Long Eid al-Adha Holiday 1444 H, BNI Mobile Banking Maintains Excellent Service
        495         June 30, 2023        Eid al-Adha 1444 H, BNI Shares 730 Sacrificial Animals
        496         June 30, 2023        BNI Mommy and Me 2023
        497         June 30, 2023        BNI Ready to Collaborate with Indonesia Incorporated Hong Kong
        498         July 1, 2023         BNI Soccer BNI 77th Anniversary
        499         July 1, 2023         Twibbon Commemorating Akhlak's 3rd Birthday!
        500         July 1, 2023         Erick Tohir Kagun Sarinah is persistent in marketing Indonesian products in Hong Kong
                                         Series of 77th Anniversary, BNI Releases Tapcash Special Designs for SUPER JUNIOR, Red Velvet, and NCT
        501         July 1, 2023
                                         DREAM
        502         July 2, 2023         Establishing Indonesia Incorporated in Hong Kong, Erick Strengthens BUMN in the Global Market
        503         July 2, 2023         Increasing MSME Penetration in the Global Market, BNI is Involved in KIF 2023
        504         July 2, 2023         BNI Soccer Celebrates BNI's 77th Anniversary Series
        505         July 3, 2023         Implementing the New Way of Working, BNI is Ready to Jump Higher
        506         July 3, 2023         BNI CorpU TV Knowledge Supplement, BTS (Talking About Lively) BNI 77th Anniversary
        507         July 3, 2023         BNI CorpU TV Knowledge Supplement: Fighting the Challenges of Acute Respiratory Silurian Infertility (ARI)



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          Practices          Governance                 Responsibility                Commitment                    Statements




 No.       Date                                                                     Headline
 508       July 4, 2023        Migrant Workers Value BNI Services Extraordinarily
 509       July 5, 2023        BNI's 77th Anniversary Celebration "Global Reach, Indonesian Pride"
 510       July 5, 2023        BNI Presents 7 Exciting Promos on its 77th Anniversary
 511       July 5, 2023        BNI Footsteps 2023
 512       July 5, 2023        BNI Hi-Movers Report Card
 513       July 5, 2023        BNI's 77th Anniversary, Even More Exciting with Instagram Stickers
 514       July 5, 2023        Transforming BNI into Global Reach Indonesian Pride
 515       July 5, 2023        Special Promo on Samsung EPP with BNI Credit Card
 516       July 5, 2023        BNI's 77th Anniversary Realizes Global Reach Indonesian Pride
 517       July 5, 2023        77th Anniversary, BNI Becomes One of the Epicenters of National Economic Growth
 518       July 6, 2023        Celebrating Eid al-Adha 1444 H, BNI Region 18 Malang Shares 7 Sacrificial Animals
                               BNI Supports the Government to Increase the Number of Entrepreneurs Through the Pre-Employment KUR
 519       July 6, 2023
                               Graduation Program
 520       July 6, 2023        Celebrating 77th Anniversary, BNI Holds Golf, Cycling and Climbing 7 Mountains
 521       July 6, 2023        BNI Hi-Movers Share Sacrificial Animals on Eid al-Adha
 522       July 7, 2023        BNI and BPJS Employment Collaborate to Expand Social Security
 523       July 7, 2023        Celebrating 77 years with #BNIAroundTheWorld
 524       July 8, 2023        Support the Growth of the Property Industry—BNI and REI Bali Hold BNI-REI Bali Expo 2023
 525       July 9, 2023        Be careful! New Fraud Mode Wrong Account Transfer
 526       July 9, 2023        Get to know Threads, a new application made by Meta that is similar to Twitter
 527       July 10, 2023       BNI Regional Office 05 Hands over Hyundai Creta to Customer Winner of BNI Lucky Draw #GaPakeNanti
                               Celebrating its 77th Anniversary, BNI Regional Semarang is Ready to Transform to Realize Global Reach Indonesian
 528       July 10, 2023
                               Pride
 529       July 10, 2023       Don't just click yes! Currently, there are many fraudulent methods using PDF files
 530       July 10, 2023       Celebrating its 77th Anniversary, BNI Holds Golf, Cycling and Climbing 7 Mountains
 531       July 10, 2023       Economic Trends 2023: This is the View of the President Commissioner of BNI
 532       July 11, 2023       Optimizing 2023 Improvement Trends, BNI Strengthens Quality and Coverage
 533       July 11, 2023       BNI Provides Assistance to Flood Victims in Lumajang
 534       July 12, 2023       Erick Thohir Inaugurates Mosque in Mandalika, Result of Himbara Collaboration
 535       July 12, 2023       Series of 77th Anniversary, BNI Plants 77 Thousand Trees
 536       July 12, 2023       BNI Appreciates Athletes at the 2023 Badminton Asia Junior Championship
 537       July 12, 2023       BNI Banjarbaru National Circuit 2023
 538       July 12, 2023       BNI Mobile Banking Successfully Maintains Growth Momentum in the Digital Era
 539       July 12, 2023       Carrying out the mission to become a global bank, BNI serves the Diaspora in 26 countries
 540       July 12, 2023       77th Anniversary, BNI Collaborates with DJKN East Java to Auction 77 Assets
 541       July 12, 2023       Economic Trends 2023: This is the View of the President Commissioner of BNI
                               BNI CorpU TV Knowledge Supplement: Creating Effective Risk Control to Build Prudent and Sustainable Credit
 542       July 13, 2023
                               Provision
 543       July 13, 2023       Updated Information on the Prohibition of BBNI Share Transactions During the Share Buyback Period
 544       July 13, 2023       Now BNI EDC Machines & BNI E-Commerce Services Can Accept American Express Cards
 545       July 13, 2023       Come on, BUMN People Always Apply Moral Values in Your Family
 546       July 13, 2023       BNI Xpora Won the 2023 Marketeers SME Enhancement of the Year Award
 547       July 14, 2023       Ojol drivers and parking attendants can register for BPJS Employment at BNI Agen46
 548       July 14, 2023       ORI023: A Valuable Choice, To Be Happy Together
 549       July 15, 2023       BNI Badminton Asia Junior Championship 2023
 550       July 15, 2023       Creating Leading Talent, BNI Won HR Asia Award
 551       July 15, 2023       Series of 77th Anniversary, BNI Holds Friendly Golf Tournament
 552       July 16, 2023       BUMN Fest 2023, Increase the Spirit of Collaboration and Achievement Between BUMN
 553       July 17, 2023       Must Know! 6 Ways to Improve Company Cybersecurity
 554       July 18, 2023       5,750 Runners Take Part in BNI-UI Half Marathon 2023
 555       July 18, 2023       BUMN FEST 2023
                               BNI and Dasa Karya Indonesia Collaborate on Money Transfer Services, Facilitating Transactions for Remote Area
 556       July 18, 2023
                               Communities
 557       July 18, 2023       Mutiara Ayu Puspitasari Won Badminton Asia Junior Championship 2023




                                                                                          Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   929
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        No.         Date                                                                      Headline
        558         July 19, 2023         Catching DHE Domestically, BNI Prepares Optimization System and Program
        559         July 19, 2023         Happy Morning Tee, BNI Friendly Golf Tournament
        560         July 20, 2023         Series of 77th Anniversary, BNI Initiates Empathy Drop Box Program in 18 Regions
        561         July 21, 2023         Are You Ready for Loudest Vol.2
        562         July 21, 2023         Handover of BNI Empathy Box
        563         July 21, 2023         Do's and Don'ts BNI Loudfest Vol.2
        564         July 21, 2023         ACC CREATIVITY COMPETITION 2023
        565         July 21, 2023         Series of BNI's 77th Anniversary, 46Cyclist Community Holds BNI Bike Challenge 460K
        566         July 22, 2023         BNI Loudest Do's and Don'ts Vol.2
        567         July 22, 2023         BUMN Fest 2023 Update!
        568         July 22, 2023         BNI Won the 2023 Cloudera APAC Data Impact Award in the Industry Transformation Category
        569         July 22, 2023         BNI Loudfest Participant Guide Vol.2
        570         July 22, 2023         If you're familiar, you can definitely answer!
        571         July 23, 2023         A Day in BNI Loud Fest Vol 2
        572         July 24, 2023         BNI Loud Fest 2023, Form of Appreciation for BNI Hi-Movers
        573         July 24, 2023         Celebrating the 77th Anniversary, BNI Collaborates with 117 Culinary MSMEs to Celebrate BNI Loud Fest 2023
        574         July 24, 2023         Encouraging Labuan Bajo Tourism, KAWAN BNI Strengthens Tourism Village Destinations
        575         July 25, 2023         83 Million Jobs Predicted to Disappear in 2027, Erick Thohir Reminds Young People to Have Values
        576         July 25, 2023         BNI LoudFest Vol.2
        577         July 25, 2023         President Jokowi: Happy 77th Birthday to BNI
        578         July 25, 2023         BNI Maintains Long-Term Quality Growth Momentum
        579         July 25, 2023         BNI Holds Bike Challenge 460K Purwokerto - Jakarta, 'Bring Your Passion, Jump Higher'
        580         July 26, 2023         Encouraging Labuan Bajo Tourism, KAWAN BNI Strengthens Tourism Village Destinations
        581         July 26, 2023         Beware of online fraud via WhatsApp, here are the steps you must take
        582         July 26, 2023         The MSME Bazaar for Indonesia is Back!
        583         July 26, 2023         BE CAREFUL! DO NOT BELIEVE THIS LETTER!
        584         July 27, 2023         Reaching 14.9 Million Users, BNI Mobile Banking is Increasingly Trusted
        585         July 28, 2023         BNI's International Banking Performance is Still One of the Main Sources of Business
        586         July 28, 2023         Supporting MSMEs to Go Global, BNI Supports MSME Bazaar for Indonesia
        587         July 29, 2023         BNI Agen46 has reached more than 173 thousand in the first semester of 2023
        588         July 30, 2023         Boosting MSMEs in Indonesia, Hibank Receives Award as Indonesia Best Bank Award 2023
                                          BNI CorpU TV Knowledge Supplement: Indonesian Diaspora and BNI Messages in Supporting MSMEs Go Export
        589         July 31, 2023
                                          & Go Global
        590         July 31, 2023         4 Tips for Traveling While Protecting Nature, Don't Just Focus on the Environment
        591         July 31, 2023         Busy Activities Make It Difficult to Manage Your Time? Use the ABC Method!

        592         August 1, 2023        Thick Talk Knowledge Supplement BNI CorpU Tv Series "Getting to Know Cervical Cancer and its Treatment"

        593         August 1, 2023        Optimizing Diaspora Ecosystem, BNI Appreciated
        594         August 2, 2023        Updated Information Regarding BBNI Share Buying and Selling Transactions by Employees
        595         August 2, 2023        BNI Contact Center Achieves World High Performance
        596         August 2, 2023        Digital Banking Performance Increasingly Solid, BNIDirect Users Reach 138,000 Users
                                          Thick Talk Knowledge Supplement BNI CorpU TV : Digital Trend & Skill Series #3: The Magnetic Future Leader:
        597         August 3, 2023
                                          Essential Actions of Leaders People Love to Follow
        598         August 3, 2023        Watch Live Streaming Money Talk Power Lunch with Mr. Royce Tumilaar
        599         August 3, 2023        HR Transformation is the Key to the Success of BNI Go Global
        600         August 3, 2023        Appreciation of BNI Agen46, BNI Holds Prize Draw Program
        601         August 3, 2023        BNI Media Clash 2023
        602         August 4, 2023        BNI and Bluebird Apply Digital Transformation to Support the Cashless Era
        603         August 5, 2023        Effective Tips to Maximize Sales in e-Commerce
                                          BNI and Boom Motorist Collaborate to Launch BNI Boom Motorist Shop Card, Supporting MSMEs and Digital
        604         August 5, 2023
                                          Transactions
        605         August 6, 2023        Breaking World Records, BNI Supports the World's Largest Angklung Performance
        606         August 7, 2023        BNI Celebrates the 78th Anniversary of the Republic of Indonesia, Supports the Activities of the Palace of Dresses
        607         August 7, 2023        Spectaxcular 2023, DJP Collaborates with BNI to Hold Tax Campaign
        608         August 7, 2023        BNI Shares for Tarakan Fire Victims


930   From Local to Global
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Capital & Risk Management    Good Corporate           Social & Environmental              ESG                         Financial
          Practices           Governance                  Responsibility               Commitment                    Statements




 No.       Date                                                                      Headline
 609       August 8, 2023       Digital Trend & Skill Series #4 : "Achieving Business Agility with The Scaled Agile Framework"
 610       August 8, 2023       Pay customs duties practically without hassle with BNIDirect Customs Fitter
                                Supporting Indonesian Golfers to the International Level BNI Again Sponsors the 2023 Ciputra Golfpreneur
 611       August 8, 2023
                                Tournament
 612       August 8, 2023       BNI 77th Anniversary Bestee Golf, Exciting Gathering Event for BNI Retirees Through Friendly Golf
 613       August 9, 2023       BNI Distributes KUR to Warteg Entrepreneurs so They Can Move Up in Class
 614       August 10, 2023      Developing MSME Economic Recovery Through the BNI MSME Festival
 615       August 10, 2023      Siloam and BNI Launch BNI x Siloam Hospital Credit Card Co-Branding Product
 616       August 10, 2023      BNI and South Sulawesi Provincial Government Cooperate to Export Mainstay Products to China
 617       August 10, 2023      BNI - Japan Air Lines Travel Fair 2023
 618       August 10, 2023      BNI Ready to Implement New Minimum Capital Regulations
 619       August 11, 2023      Coherent Collaboration (Effective Collaboration through Synchronization of the Heart Brain and Emotions)
 620       August 11, 2023      Xpora Continues to Encourage North Sumatra MSMEs to Export Abroad
 621       August 11, 2023      Synergy between BUMN, BNI and Pelindo and Pelni Enlivens BUMN Goes to Campus in Makassar
 622       August 12, 2023      Encouraging Sportaiment, BNI Supports Media Clash 3.0
 623       August 12, 2023      Xpora Continues to Encourage North Sumatra MSMEs to Export Abroad
 624       August 14, 2023      Strengthening the Diaspora Ecosystem, BNI Supports the Congress of Indonesian Diaspora 2023
 625       August 14, 2023      BNIDirect Video Competition
 626       August 14, 2023      Celebrating 77 Years of Age, BNI Successfully Becomes the Best Financial Institution and Goes Global
 627       August 15, 2023      ThickTalk : RACE Talk Series: New Way of Working (NWOW) Regional Organizations
 628       August 15, 2023      Its Your Time To Refer Emerald
 629       August 15, 2023      Supporting the Government, BNI Holds Stunting Prevention and Alleviation Program for Toddlers
 630       August 16, 2023      Increasing Financial Inclusion for People with Disabilities, BNI Strengthens Socialization
 631       August 16, 2023      BNI National Circuit 2023 Serang City, Banten
 632       August 16, 2023      BNI Multifinance Successfully Opens Financing Increase 6.6 Times
 633       August 17, 2023      Come on, use Twibbon and celebrate RI's 78th anniversary
 634       August 17, 2023      5 Fun Traditional Games That Are Always Available on August 17th
 635       August 18, 2023      Implementing NWOW, BNI has a new way of working that is increasingly agile and effective
                                Celebrating the 78th Anniversary of Indonesian Independence, BNI Continues to Progress for an Advanced
 636       August 18, 2023
                                Indonesia
 637       August 19, 2023      Strengthening Go Global Performance, BNI Xpora brings 15 MSMEs to Hong Kong Food Expo 2023
 638       August 19, 2023      BNI Life Appreciates 76 Paskibraka, Provides Life Insurance Guarantee
 639       August 21, 2023      Actively Socializing Student Savings, BNI Won 3 OJK Awards
 640       August 21, 2023      Implementing GCG, BNI Strengthens Information Openness
                                Xpora Series 2023 Webinar: Let's Get to Know the Inaexport Application and Packaging Strategy for MSME
 641       August 21, 2023
                                Products to Upgrade & Go Export
 642       August 22, 2023      Jakarta is the most polluted city in the world. What's the cause?
 643       August 22, 2023      BNI Bazar Fest Vol.2 2023
 644       August 23, 2023      BNI AM Participates in GN Circle BPJAMSOSTEK
 645       August 23, 2023      Protecting Migrant Workers, BNI Gets Tasks From BUMN Minister Erick Thohir
 646       August 24, 2023      BNI Bazar Festival is Held Again, Here are the Interesting Promos
 647       August 24, 2023      Exploring the Country VIII, 46 Bikers Club Touring 1,835 Km to the Archipelago Capital
 648       August 24, 2023      RACE Talk Series: New Way of Working (NWOW) - Technology & Operations Sector
                                Strengthening Commitment to Employment Opportunities for Persons with Disabilities, BNI Supports the
 649       August 25, 2023
                                Disability Equality Workshop Program
 650       August 25, 2023      Cool! Snacks in Vietnam Can Now Use QRIS
 651       August 26, 2023      Adding Capital, BNI Multifinance Strengthens Performance in the Consumer Market
 652       August 26, 2023      Encourage Literacy and Insurance Inclusion, this is the BNI Life Accurate Program
 653       August 27, 2023      BNI-Ciputra Golfpreneur Tournament 2023 Encourages Indonesian Golfers to Leap Higher to the World Stage
 654       August 27, 2023      Encourage Literacy and Insurance Inclusion, this is the BNI Life Accurate Program
 655       August 27, 2023      Deputy Minister Tiko Visits Jabodetabek LRT, Ensures Integration and Ease of Access
 656       August 27, 2023      BNI Loan Diaspora Helps Lucky Indonesia Restaurant Expand Market in Hong Kong
 657       August 28, 2023      Supporting Jabodetabek LRT Operations, BNI Ensures Payment Infrastructure is Ready
 658       August 28, 2023      The 2023 Real Work Festival was Successfully Held, Encouraging the Performance of Dozens of MSMEs




                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   931
Page 345
          2023                        Management                      Company                    Management Discussion and                 Business Support
      Performance                       Report                         Profile                 Analysis on Company Performance                Functions




        No.         Date                                                                        Headline
        659         August 28, 2023        BNI Provides Assistance for Independent Teacher Certification and Financial Literacy Training Programs
        660         August 28, 2023        ASEAN Indo Pacific Forum (AIPF)
        661         August 29, 2023        Zero Waste Industry, BNI Supports Wastra Producer MSMEs
        662         August 30, 2023        Delivery of the Master of Economics and Business Program at Trisakti University
        663         August 30, 2023        ASEAN-INDO-PACIFIC-FORUM (AIPF), Implementation of the ASEAN outlook on the Indo Pacific
        664         August 30, 2023        BNI Encourages Innovation and Collaboration Programs in Facing Air Pollution Challenges
        665         August 30, 2023        BNI AM Participates in GN Circle BPJAMSOSTEK
        666         August 31, 2023        Becoming An Entrepreneur, Here's the Advice from the President Director of BNI for Millennials and Gen Z
        667         August 31, 2023        Strengthening Value Chain Business, BNI Establishes Synergy with PLN Icon Plus
        668         August 31, 2023        Maintain data security at your Internet Service Provider (ISP) to prevent data leaks
        669         September 01, 2023     Squawk Box Program "BUMN Performance Report 2023"
        670         September 01, 2023     Leading in Regional Product Exports, BNI Xpora Receives Award
        671         September 01, 2023     Srikandi BUMN: Financial Performance, Growth Projections and Women's Leadership at BNI
        672         September 01, 2023     BNI Hi-Movers' participation in the Batch IV BUMN Volunteer Program
        673         September 01, 2023     BNI CorpU TV Knowledge Supplement "Financially Capable Diaspora, Prosperous Diaspora"
        674         September 01, 2023     Catch DHE Domestically, this is a Banking Solution from BNI
        675         September 02, 2023     Beware of New Fraud Modes
        676         September 02, 2023     Having a Target of IDR 62.9 Trillion Green Portfolio, BNI Ready to Showcasing at AIPF
        677         September 02, 2023     Celebrating National Customer Day, BNI Intensifies Digital Services
        678         September 03, 2023     Supporting AIPF, BNI Encourages Inclusive Digital Transformation
        679         September 03, 2023     Be careful, here is the danger of posting personal documents on social media
        680         September 03, 2023     Leading in Green Infrastructure, BNI Showcasing at AIPF
        681         September 03, 2023     Creative MSME Enabler Go Global, Here is BNI's Flagship Development Scheme at the AIPF Event
        682         September 04, 2023     Happy National Customer Day
        683         September 04, 2023     BNI Internal Communication Survey 2023
        684         September 04, 2023     ASEAN - INDO - PACIFIC - FORUM (AIPF), Implementation of the ASEAN Outlook on-the Indo Pacific
        685         September 05, 2023     Providing Financial Education for the Diaspora in Japan, BNI was appreciated by the OJK and the Embassy
        686         September 05, 2023     Happy Customer Day 2023
        687         September 05, 2023     ASEAN Summit Day 1, Here is BNI's Vision
        688         September 06, 2023     Showcasing at AIPF 2023, BNI Demonstrates Digital Transformation Achievements
        689         September 06, 2023     Successfully Taking Advantage of AIPF 2023 Momentum, BNI Locks Two MoUs
        690         September 07, 2023     BUMN Deputy Minister Rosan Appreciates BNI Mobile Banking at AIPF 2023
        691         September 07, 2023     Commitment to Implementing Sustainable Business, Hibank Won Top GRC Award 2023
        692         September 07, 2023     AIPF 2023: BNI Views ASEAN as a Source of Growth
        693         September 07, 2023     AIPF 2023 MSME Business Matching, BNI Xpora Collaborates with Seoul Trade Attaché
        694         September 07, 2023     BNI Exhibits hibank at AIPF 2023, this is an Opportunity for the Indonesian MSME Segment
                                           BNI CorpU TV Knowledge Supplement, Anti Fraud Awareness "Preventing Fraud in Banking by Creating a System
        695         September 07, 2023
                                           that Supports an Anti Fraud Culture"
        696         September 08, 2023     Strengthening Digital Financial Inclusion, Hibank Holds Cyber Security Literacy in Lampung
        697         September 08, 2023     BNI Collaborates with BPD Lampung to Issue Indonesian Credit Card for Government Segment
        698         September 08, 2023     Encouraging Digital Transformation, ASEAN-BAC 2023 Launches 8 Heritage Projects
        699         September 09, 2023     Making Dutch Diaspora Transactions Easier, BNI Praised by Ambassador
        700         September 10, 2023     Go Global Campaign, BNI Supports Ghea Resort and Cover Me Not in New York
        701         September 10, 2023     Encouraging the Potential of Indonesian Culture to Go Global, BNI Supports Batik in Algiers 2023
        702         September 11, 2023     Diaspora Develops Business in Amsterdam, BNI Ready to Support
        703         September 12, 2023     BUMN Heroine Goes To UI Campus
        704         September 12, 2023     Kriyanusa: Starting an Export Business is hassle-free and safe for MSMEs
        705         September 13, 2023     Beware of Fraud! Increase in Transaction Rates on behalf of BNI
        706         September 13, 2023     Special Talkshow Kriyanusa 2023: Starting a Hassle-Free and Safe Export Business for MSMEs
        707         September 13, 2023     BNI Again Supports BNI Indonesia Masters 2023, the Biggest Golf Tournament in Indonesia
        708         September 14, 2023     BNI - Batik Air Online Travel Fair 2023
        709         September 14, 2023     BNI and UI Launch Campus Financial Ecosystem Technology Platform
        710         September 14, 2023     Strengthening Support for Women's MSMEs, BNI Presents Pertiwi Indonesia at Kriyanusa 2023




932   From Local to Global
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Capital & Risk Management       Good Corporate           Social & Environmental              ESG                         Financial
          Practices              Governance                  Responsibility               Commitment                    Statements




 No.       Date                                                                         Headline
 711       September 15, 2023      BNI Holds Srikandi BUMN Goes to Campus, Invites UI Students to Be Ready to Transform into Global Talent
 712       September 15, 2023      BNI Assists MSMEs Upgrade, Starting a Hassle-Free Export Business
 713       September 15, 2023      Appreciating 12 Outstanding Students of STIKES Purworejo Regency Government, BNI Gives Scholarships
 714       September 15, 2023      Can You Get Calls From Overseas Area Code Numbers? Don't pick up, it's a scam!
 715       September 16, 2023      Continuing Griya's Growth, BNI Increases Housing Options with Jabodetabek LRT Access
 716       September 16, 2023      Gelegar Auction Goes to Surabaya, BNI and DJKN East Java Auction 77 Assets
 717       September 17, 2023      It's getting easier, Diaspora in Amsterdam can open a BNI account via BNI Mobile Banking
 718       September 17, 2023      Do's and Don'ts for Travelers to Avoid Damaging Nature
 719       September 17, 2023      Jakarta Marathon 2023 is held again, BNI and Hibank are the main sponsors
 720       September 18, 2023      Make it easier for Diasporas, open a BNI account via BNI Mobile Banking
 721       September 18, 2023      Indonesia is the overall champion of the Hong Kong Open 2023
 722       September 18, 2023      Promotion of Local Products Go Global, BNI Brings MSMEs to the CAEXPO 2023 Exhibition in China
 723       September 19, 2023      Growth Trend Continues, BNI Optimistic of Expansive Credit
 724       September 19, 2023      BNI EGMS Approves Stock Split Ratio 1:2
 725       September 20, 2023      BNI Won "The Best Overall Big Caps" at the 14th IICD Corporate Governance Award 2023
 726       September 21, 2023      Targeting Japanese Premium Dining Lovers, BNI and JCB Launch the BNI JCB Ultimate Card
                                   Xpora Series 2023 Webinar: Let's Find Out Export Procedures & Conditions and How International Courier and
 727       September 21, 2023
                                   Forwarding Services for MSMEs Go Export
 728       September 21, 2023      Make Life Easier and Practical, These are the Benefits of AI in Everyday Life
 729       September 21, 2023      Targeting Japanese Premium Dining Lovers, BNI and JCB Launch the BNI JCB Ultimate Card
 730       September 21, 2023      BNI ATM Makes it Easier to Withdraw Cash for Migrant Workers in Hong Kong
 731       September 22, 2023      Increasing Financial Inclusion in Hong Kong, BNI Acquires 18 thousand Accounts
 732       September 22, 2023      Implementing a Green Economy, BNI Empowers Environmentally Friendly MSMEs
 733       September 23, 2023      Remaining Positive, BNI Forex Transactions Grow 13%
 734       September 23, 2023      Meeting the Diaspora in Hong Kong, BNI, Dukcapil and BPJS Employment Commit to Providing the Right Solution
 735       September 23, 2023      BNI Supports the Socialization of NIT and IKD Dukcapil to the Diaspora in Hong Kong
 736       September 23, 2023      BNI Won the Most Transformative Digital Banking Communication Strategy Award at the 2023 Detikcom Awards
 737       September 24, 2023      Developing Go Global Digital Ambassadors, BNI Embraces PPI Hong Kong
 738       September 24, 2023      Dukcapil Appreciates BNI for Providing Convenience for Diaspora in Hong Kong
 739       September 24, 2023      Become a Diaspora Liaison and PMI Get Job Protection, Bpjamsostek Appreciates BN
                                   BNI, Dukcapil, and Bpjamsostek Make It Easier for Hong Kong Diaspora and Migrant Workers to Have Accounts
 740       September 24, 2023
                                   and Employment Protection
                                   Strengthening the Socialization of Financial Services in Hong Kong, BNI Has the Potential to Work with 168
 741       September 25, 2023
                                   Thousand Diaspora
 742       September 25, 2023      Stock Split Makes Shares More Liquid, BNI Targets Young Investors
                                   “Launching of the Employee Home Ownership Collaboration Program with Ciputra Group through the Employee
 743       September 26, 2023
                                   Loan 2.0 Mechanism
 744       September 26, 2023      BNI Assisted Ministry of Education and Culture Distribute More than IDR 1.8 T of PIP Funds
 745       September 27, 2023      Socialization of opening savings using IKD/NIT and BPJS TK payments via BNI Mobile Banking abroad
 746       September 27, 2023      Launching Integration and New Appearance of ATM Link, Minister Erick Asks BNI to Integrate Diaspora
 747       September 27, 2023      Study Visit CRDB Bank Tanzania, BNI Invites Waste Bank Savings for Sustainable Banking
 748       September 27, 2023      Tips for choosing a business location to make more money
 749       September 28, 2023      BNI and BI Central Java educate Eclat Textile International workers on the use of QRIS
 750       September 28, 2023      Expanding Agen46, BNI Collaborates with Kinarya Selaras Solusi
                                   Reducing Pollution in Jakarta, Erick Plants 100 Thousand Trees Through the Mutual Cooperation Program to Give
 751       September 28, 2023
                                   Trees
                                   Supporting the Development of the Sanur Special Economic Zone, BNI Signs Credit Agreement for Hotel
 752       September 28, 2023
                                   Revitalization
 753       September 29, 2023      Indonesia Incorporated Website Launched
 754       September 30, 2023      So get hurry investors, BBNI shares set an all-time record
 755       September 30, 2023      Pancasila Unifying the Nation Towards an Advanced Indonesia
 756       October 01, 2023        BNI CorpU TV Supplement, Period 02 October to 06 October 2023
 757       October 01, 2023        BNI CorpU TV Knowledge Supplement: Launching BNI Smarter Wholesale Corner
 758       October 02, 2023        Proactive Commitment in the Carbon Exchange, BNI Purchases 40,000 Carbon Units
                                   #GotongRoyongBoyongPohon
 759       October 02, 2023
                                   BNI Hi-Movers, come on, get a prize by using Twibbon #GotongRoyongBoyongPohon


                                                                                                Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   933
Page 347
          2023                         Management                       Company                    Management Discussion and                Business Support
      Performance                        Report                          Profile                 Analysis on Company Performance               Functions




        No.         Date                                                                          Headline
        760         October 03, 2023        BNI CorpU TV Knowledge Supplement: Coronary Heart Disease "Prevention and Treatment"
        761         October 03, 2023        BNI Batik Air Travel Fair
        762         October 03, 2023        BNI BI-FAST transactions grow 900%
        763         October 03, 2023        BNI Fully Supports the Batik Palace Performance to Commemorate National Batik Day
        764         October 03, 2023        BNI Encourages Financial Literacy in Children and Adolescents
        765         October 03, 2023        BNI Supports Student Level Basketball Tournament Through Purworejo Basketball League 2023
                                            BNI CorpU TV Knowledge Supplement: BNI ESG (Environmental, Social, and Governance) and the BUMI Program
        766         October 04, 2023
                                            as a Form of BNI Support for Achieving a Green Economy
        767         October 04, 2023        BBNI Stock Split Process Records Highest Record of All Time, This is the Opinion of Observers
        768         October 04, 2023        Inacraft On October 2023, BNI Invites MSMEs to Go Global
        769         October 04, 2023        BNI X Inacraft on October 2023
        770         October 04, 2023        Indonesia Incorporated Website Launched
        771         October 05, 2023        BNI is optimistic that Indonesia's economic fundamentals are still solid
                                            BNI CorpU TV Knowledge Supplement: Digital Transformation Mindset Series "Maximizing Work Productivity With
        772         October 05, 2023
                                            ChatGPT"
        773         October 05, 2023        Proactive Commitment in the Carbon Exchange, BNI Purchases 40,000 Carbon Units
        774         October 06, 2023        Webinar "BNI Promotes MSMEs to Go Global"
        775         October 06, 2023        Inacraft On October 2023, These Are Two MSMEs Fostered by BNI Xpora Visited by the President
        776         October 06, 2023        BNI CorpU TV Knowledge Supplement: Race Talk Series: Elevate Bank Performance Through PMS 3D
        777         October 06, 2023        New BBNI Prices After Stock Split Starting from IDR 5,200
        778         October 07, 2023        BUMN Houses BNI Presents Sustainable MSMEs at Inacraft On October 2023
        779         October 08, 2023        Encourage MSMEs to Export, These are BNI Xpora's Tips
        780         October 08, 2023        New Price for BBNI Shares, BNI Gets Positive Review
        781         October 09, 2023        Ministry of BUMN Appreciates BNI Xpora for Helping MSMEs Export
        782         October 09, 2023        Receiving a Global Bank Mandate from Minister Erick Thohir, Here is BNI's Strategy to Encourage MSME Exports
        783         October 10, 2023        BNI Supplement Knowledge BNI CorpU Tv, Customer Protection to Elevate Customer Experience
        784         October 10, 2023        Carrying out the Go Global Mission, BNI's Foreign Exchange from Exports Increases 66%
        785         October 11, 2023        Strengthening Consumer Protection Aspects, OJK Appreciates BNI
                                            BNI CorpU TV Knowledge Supplement: International Desk Series Charting 50 Years of Indonesia - South Korea
        786         October 11, 2023
                                            Diplomatic Relations "Strategy to Seize Future Prospects"
        787         October 11, 2023        BNI Showcases Digital Banking Transformation and Innovation at Experience Indonesia London 2023
        788         October 12, 2023        BNI Celebrates the 2023 Mandalika MotoGP with Ticket Discount Offers
        789         October 13, 2023        BNI is Committed to Supporting Equality for People with Disabilities
        790         October 13, 2023        Immediately have a BNI Batik Air Co-Brand Debit Card
        791         October 13, 2023        BNI and Batik Air Hold First Travel Fair, Offer Various Ticket Promos
        792         October 13, 2023        Maintaining Mental Health, BNI Supports BUMN 1,000 People Tell Their Stories
        793         October 14, 2023        Financial Literacy is the Key to Free from Online Loan
        794         October 14, 2023        Stop Bullying! These Are the Things That Must Be Done
        795         October 14, 2023        Strengthening the Food Security Industry, BNI Becomes Lead Arranger for Pusri Investment of IDR 9.32 trillion
        796         October 14, 2023        First State-Owned Bank IPO, BNI Assets Reach More Than IDR 1,000 trillion
        797         October 15, 2023        15% discount on purchasing official 2023 Mandalika MotoGP merchandise using a BNI card
        798         October 16, 2023        Carrying out the Go Global Mandate, BNI Strengthens 3 Strategic Values
        799         October 16, 2023        BNI and UKI Collaborate on Higher Education Financial Ecosystem Program.
        800         October 16, 2023        Realization of Collection & Distribution for the Period January to August 2023
        801         October 17, 2023        BNI CorpU TV Knowledge Supplement: Webinar Xpora Series 2023 "Story of Inspiration for MSMEs with BNI Xpora"
        802         October 17, 2023        BNI Xpora Becomes a Bridge for Indonesian MSMEs with Exporters from the Netherlands
        803         October 17, 2023        BNI Investor Daily Summit 2023 "Sustainable Growth, Global Challenges"
        804         October 17, 2023        Power Lunch Money Talks: Building Digitalization of Financial Services for Workers at IKN
        805         October 18, 2023        BNI CorpU TV Knowledge Supplement "Symptoms, Diagnosis and Therapy in Stroke Cases"
        806         October 18, 2023        Collaboration between BNI and Ciputra Group BNI Employee Housing Program
        807         October 18, 2023        Purchasing Whoosh Fast Train Tickets can be done at BNI Mobile Banking
        808         October 18, 2023        Appreciation of Sales Performance of BNI and JCB Hold Event Trip to Japan
                                            BNI CorpU TV Knowledge Supplement: Padjadjaran University Public Lecture "Transformation of Digital Services
        809         October 18, 2023
                                            in the World of Banking"




934   From Local to Global
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Capital & Risk Management      Good Corporate           Social & Environmental               ESG                         Financial
          Practices             Governance                  Responsibility                Commitment                    Statements




 No.       Date                                                                         Headline
 810       October 19, 2023       Staff Get Discount Bancassurance Program
 811       October 19, 2023       Supporting the Digitalization of MSMEs, BNI Builds Synergy with Amartha
 812       October 20, 2023       BNI Investor Daily Summit 2023
 813       October 20, 2023       Support Market Digitalization Through Agen46, BNI Collaborates with Asparindo
 814       October 20, 2023       BNI Consistently Provides Support for the Indonesian Diaspora
 815       October 21, 2023       BNI President Director Won Best Performance CEO 2023
 816       October 21, 2023       Through BNI Xpora, hundreds of MSME products enter the Dutch market
 817       October 22, 2023       Digital Traces Can Be Traced, Here's the Ethics of Commenting on Social Media
 818       October 22, 2023       Hibank Jakarta Marathon 2023, BNI Pushes Hibank to the Global Stage
 819       October 23, 2023       BNI CorpU Tv Knowledge Supplement: Prosperity in Old Age, It's Not a Question of Let It Be Later, But How It Will Be"
 820       October 24, 2023       Watch the BNI Investor Summit, the Largest Economic and Investment Forum in Indonesia
 821       October 24, 2023       Sustaining Indonesian Growth Amidst Global Tensions
 822       October 24, 2023       BNI Investor Daily Summit 2023, this is President Jokowi's message
 823       October 24, 2023       Digital Economy: New Sources of Growth
 824       October 25, 2023       BNI Investor Daily Summit 2023, BNI President Director Optimistic that Indonesia's Economy is Getting Stronger
 825       October 25, 2023       The Most Beautiful Investment Conference, BNI Investor Daily Summit 2023 Encourages a Sustainable Economy
 826       October 25, 2023       BNI Investor Daily Summit 2023, BNI President Director Calls Indonesian Banking Resilient
 827       October 26, 2023       BNI Investor Daily Summit 2023, BNI Strengthens Digital Economic Development
 828       October 26, 2023       BNI Investor Daily Summit 2023, BNI Reveals Strategy to Succeed MSMEs on the Global Stage
 829       October 26, 2023       BNI Investor Daily Summit 2023, Jokowi Visits BNI's MSME Fostered Booth
                                  BNI Investor Daily Summit 2023, Government Encourages Strengthening the Digital Economy and Creating Young
 830       October 27, 2023
                                  Entrepreneurs
                                  BNI Investor Daily Summit 2023, Total BNI Green Bond Emission Reduction Reaches 230 Thousand Tons of CO2 per
 831       October 27, 2023
                                  Year
 832       October 27, 2023       4 Years of Leadership of the Minister of BUMN, Here is BNI's Corporate Action
 833       October 28, 2023       BNI Investor Daily Summit 2023
 834       October 28, 2023       Strengthening Business in Eastern Indonesia, BNI Collaborates with Bank Sulselbar
 835       October 28, 2023       Improving Community Welfare, BNI Strengthens Tourism Village Development
 836       October 30, 2023       BNI and BEI Launch Capital Market Literacy and Inclusion for 10,000 Banking Industry Employees
 837       October 30, 2023       BNI Xpora Makes Seaweed Exports Easy
 838       October 30, 2023       BNI Indonesian Master 2023
 839       October 31, 2023       BNI Won Award as a Bank Driving Inclusive Finance for People with Disabilities
                                  Accelerating Credit and Profit Growth, While Prioritizing Prudential Aspects in Risk and Liquidity Management
 840       October 31, 2023
                                  Amidst Macroeconomic and Geopolitical Dynamics
 841       November 01, 2023      Indonesia Won 2 trophies at French Open 2023
                                  "Money Talks Power Lunch": BNI President Director Explains Strategy for Maintaining Performance in the Midst of
 842       November 02, 2023
                                  Global Uncertainty
 843       November 02, 2023      Cybercrime is Increasingly Varied, Here Are Easy Tips to Increase Digital Literacy!
 844       November 02, 2023      BNI Foreign Office Credit Grows 10.8%
 845       November 03, 2023      Touch Transaction Volume IDR 5,017 trillion, BNI Strengthens BNIDirec
 846       November 03, 2023      Increasing MSME Business Capacity, BNI Collaborates with ITPC Osaka and the Indonesian Embassy in Tokyo
 847       November 03, 2023      Optimal Revenue Performance, BNI Believes Shares Continue to be Appreciated
 848       November 04, 2023      BNI Records Increase in Mobile Banking Users of Up to 20.9%
 849       November 04, 2023      Entering the Political Year, BNI is Optimistic that the Investment and Business Climate Will Remain Conducive
 850       November 05, 2023      BNI Siap Ambil Bagian Dalam Rangka Sukseskan Pembangunan IKN
                                  BNI is Ready to Take Part in the Success of IKN Development
 851       November 05, 2023
                                  Economic Growth Momentum Continues, BNI Optimistic Credit Meets Target
 852       November 05, 2023      BNI CorpU TV Knowledge Supplement: Global Mindset Series #4 "How Does the World See Indonesia"
 853       November 06, 2023      BNI Appreciates Sean Gelael Achieves Runner Up Achievement in Bahrain
 854       November 06, 2023      Supporting ESG and Renewable Energy, BNI Holds Sharing Session for BNI Hi-Movers
 855       November 06, 2023      Up to 30% Discount Promo for U-17 World Cup Tickets with BNI VISA Credit Card
 856       November 07, 2023      BNI CorpU TV Knowledge Supplement: Healthy Talk Series "Hide Healthy with Balanced Nutrition"
 857       November 08, 2023      Final Foreign Transaction Program 2023
 858       November 09, 2023      CEO Networking 2023, BNI Supports Sustainable Investment in Indonesia
                                  Through BNI, the Minister of State-Owned Enterprises Believes that Diaspora and Migrant Workers Will No Longer
 859       November 09, 2023
                                  Be Underestimated

                                                                                               Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   935
Page 349
          2023                          Management                     Company                     Management Discussion and               Business Support
      Performance                         Report                        Profile                  Analysis on Company Performance              Functions




        No.         Date                                                                          Headline
                                             Webinar on the Role of Services in Mitigating Operational Risk and Maintaining Company Reputation and
        860         November 09, 2023
                                             Graduation Frontliner Academy Season 1
        861         November 09, 2023        Observers Value BNI's Performance as Very Good in the Midst of Global Economic Challenges
        862         November 10, 2023        Collaboration for the Earth, BNI & WWF Indonesia launches the new face of the BNI-WWF Credit Card
        863         November 10, 2023        Digital Banking Pioneer, BNI Strengthens API Services
        864         November 10, 2023        BNI Collaborates with UNHAS Expansion of Campus Financial Ecosystem Program collaboration
        865         November 10, 2023        BNI Again Won Gold Rank Award at ASRRAT 2023
        866         November 11, 2023        Home VAT Incentive, BNI Griya Optimistic of Performance Improvement
        867         November 13, 2023        A Card For A Change, A Hope For Nature
        868         November 13, 2023        Heroic Spirit, hibank is here to support MSMEs #everydayhiro
                                             BNI CorPU TV Knowledge Supplement: Facing Challenges "Practical Tips for Managing Stress in Career and
        869         November 13, 2023
                                             Personal Life"
        870         November 14, 2023        Enlivening FIFA World Cup U-17, BNI Gives Ticket Purchase Promo Up to 30%
        871         November 14, 2023        Legitimate! Indonesia Becomes Permanent Member of FATF
        872         November 15, 2023        Maintaining Sustainable Performance, BNI Won Two The Finance Awards
        873         November 15, 2023        Bringing the Spirit of Going Global, BNI Indonesian Masters is Ready to be Held
        874         November 15, 2023        Order ST011 Now at BNI Mobile Banking
        875         November 15, 2023        Maintaining Sustainable Performance, BNI Won Two The Finance Awards
        876         November 16, 2023        Maintaining Sustainable Performance, BNI Won Two The Finance Awards
        877         November 17, 2023        Tri Pakarta is Increasingly Competitive in the Insurance Industry
        878         November 17, 2023        BNI Indonesia Masters Runs Tightly, Gaganjeet Bhullar Leads Position
        879         November 18, 2023        Effective Tips for Dealing with Negative Content for Young People Nowadays
        880         November 18, 2023        BNI Indonesian Masters 2023, Kevin Akbar Passes the Cut Off
        881         November 18, 2023        BNI Hi-Movers' Neutrality in the 2024 Election on Social Media
        882         November 18, 2023        Scrambled Match Pro Am BNI Indonesian Master 2023
        883         November 19, 2023        Third Round of BNI Indonesian Masters, Puig Soars and Jonathan Secures Position
        884         November 20, 2023        BNI-Ministry of Health Provides Equipment Assistance for doctorSHARE Floating Hospital
        885         November 20, 2023        Successfully Developing Digital Banking Services, BNI API Portal Won 2023 DevPortal Awards
        886         November 21, 2023        Gaganjeet Bhullar Won BNI Indonesia Masters 2023
        887         November 22, 2023        Supporting BUMN Transformation, BNI Increases Credit to BUMN
        888         November 23, 2023        BNI CorpU TV Knowledge Supplement: BERANI (Boosting Merchant Performance)
        889         November 23, 2023        BNI Subsidiary Companies Grow Positively Along with the Transformation Program
        890         November 24, 2023        Realization of Collection & Distribution for the Period January to September 2023
        891         November 24, 2023        Share Your Experience WIth Wholesale Corner
        892         November 24, 2023        BNI and Ringkas Collaborate to Make It Easier for People to Get a House
        893         November 25, 2023        BNI Promotes the Equator Coffee Trail Program
        894         November 25, 2023        BNI Hi-Movers, who likes to take a nap when the weekend arrives?
        895         November 25, 2023        MSMEs are vulnerable to being caught in illegal loans, here are tips to avoid it
        896         November 25, 2023        Encouraging MSMEs to Go Global, BNI Strengthens the Xpora Program
        897         November 26, 2023        Targeting the South Korean and Japanese markets, BNI and BI develop Xpora
        898         November 26, 2023        BNI Participates in the 2023 Public Expose Live Event
        899         November 26, 2023        Strengthening Indonesia-Australia Relations, BNI Supports Indonesia by the Harbor
        900         November 26, 2023        Preventing Blindness, BNI Holds Cataract Surgery in Eastern Indonesia
        901         November 28, 2023        Solid Fundamentals, BNI Targets More Optimal Profitability Levels
        902         November 28, 2023        BNI Won the 2022 Annual Report Award in the BUMN Finance Category
        903         November 29, 2023        Dividends are part of BNI's appreciation for shareholders
        904         November 29, 2023        MSMEs must be adaptive and continue to compete in the digital era, this is a strategy that can be implemented!
        905         November 29, 2023        Beware of Money Mule, a method of account fraud by giving gifts first
        906         November 29, 2023        Commemorating the 11th Anniversary, BNI 46Cyclist Holds Gowes and Fun Bike
        907         November 29, 2023        BNI Supports Trisakti Technopreneurship Towards a Green Campus
        908         November 29, 2023        Supporting Worklife Balance, BNI Holds Basketball Competition for Head Office Employees
        909         November 30, 2023        LPS #InIndonesia Travel Fair 2023
        910         December 01, 2023        Appearing with a New Face, BNI Emerald is Ready to Become the Best in the Wealth Management Industry
        911         December 01, 2023        BNI Finance Records Increase in New Financing of IDR 1.8 Trillion



936   From Local to Global
Page 350
Capital & Risk Management      Good Corporate           Social & Environmental               ESG                          Financial
          Practices             Governance                  Responsibility                Commitment                     Statements




 No.       Date                                                                         Headline
 912       December 01, 2023      Boosting North Sulawesi's Economy and Tourism, BNI Supports IWWF Asia Wakefest Minahasa 2023
 913       December 01, 2023      BNI x IMBEX 2023
 914       December 03, 2023      BNI Encourages Movement of Indonesian Tourists at LPS #DiIndonesiaAja Travel Fair 2023
                                  Optimalkan Momentum Akhir Tahun, BNI Dorong Pengembangan Segmen UMKM
 915       December 03, 2023
                                  Optimizing End of Year Momentum, BNI Encourages Development of the MSME Segment
 916       December 04, 2023      Successful in Financial Aspect and Social Impact, BNI Received the Best CEO ofThe Most Sustainable Bank Award
 917       December 05, 2023      PROJECT MANAGEMENT - Agile Way to Prepare New Year's Resolution Mindset
 918       December 06, 2023      Create Social Value, 3 Things You Must Have to Become a Sociopreneur
 919       December 06, 2023      BNI Spreads Attractive End of Year Promos, Holidays Become More Economical
 920       December 07, 2023      Successfully Facing the Crisis, BNI Won 5 Awards
 921       December 07, 2023      No need to panic, here are the things you need to know about pneumonia and how to prevent it
 922       December 08, 2023      Appreciating Customers, BNI and Hypermart Collaborate Through the BNI Shopping Race Program
 923       December 08, 2023      End of Year December Promo (PDKT)
 924       December 08, 2023      LIVE! Update your BNI Mobile Banking Application to the Latest Version 5.11
 925       December 09, 2023      Happy World Anti-Corruption
 926       December 09, 2023      BNI Prepares Cash Funds of IDR 22.02 Trillion to Meet Christmas and New Year Service Needs
 927       December 10, 2023      So that life doesn't get boring, don't be fooled by fake ones
 928       December 11, 2023      Special Promo on Samsung EPP with BNI Credit Card
 929       December 12, 2023      BNI Supports OJK to Strengthen Financial Literacy
 930       December 13, 2023      BNI and XL Axiata Launch BNI – XL PRIORITAS Credit Card Co-Branding Product
 931       December 13, 2023      BNI Won 3 Awards from Bank Indonesia
 932       December 14, 2023      Christmas Worship and Celebration 2023: Joy To The World
 933       December 14, 2023      BNI Reputation Management, Navigating Social Media and Digital Presence
 934       December 15, 2023      Innovative in Campus Services, BNI Won 2 Kemendikbudristek Awards
 935       December 15, 2023      Senayan City Whimsical Festival event
 936       December 15, 2023      Digital Era Transformation and Its Influence on Banking Customers
 937       December 16, 2023      BNI Won ESG-Driven GCG Commitment & Wholesale Digital Channel Award
 938       December 16, 2023      BNI Finance Again Receives IDR 400 Billion Fund Injection from BNI Bank
 939       December 16, 2023      Easy and Practical, Order & Pay for WHOOSH Fast Train Tickets at LifeStyle BNI Mobile Banking
 940       December 18, 2023      Growing 20%, BNI Improves End of Year BNIDirect Performance
 941       December 18, 2023      BNI Let's Go Kaliber – Dec 2023
                                  BNI CorpU Tv Knowledge Supplement: Maintenance of Risk Management Certification (SMR) Qualification Level 4
 942       December 18, 2023
                                  (Equivalent to Level 1)
 943       December 18, 2023      BNI Shares Christmas 2023 to Help the Welfare of People in Need
                                  3D Performance Management System (PMS): Performance Calculations Are Now More Inline Bank Wide, Anti
 944       December 18, 2023
                                  Double-Counting
 945       December 19, 2023      BNI Agen46 Reaches 175 Thousand, DPK Reaches IDR 2.98 Trillion
 946       December 19, 2023      Bringing Go Global Services and Digital Banking Cafe BNI Receives Appreciation from Erick Thohir
 947       December 20, 2023      Celebrate Christmas, BNI Conveys the Spirit of Joy to the World
 948       December 20, 2023      Achieving Informative Predicate, BNI Receives 2023 Public Information Openness Award
 949       December 21, 2023      End of year staycation, Here is the BNI promo
 950       December 22, 2023      Shopping for anything becomes easier with 0% installments on a BNI credit card
 951       December 23, 2023      Transforming BNI into a Game Changer in Digitalization and Transaction Services
 952       December 23, 2023      BNI Offers Woosh Ticket Purchase Promo Starting from IDR 200 Thousand
 953       December 23, 2023      BNI Optimistic of Resilient Performance in 2024
 954       December 23, 2023      Effective tricks for anti-traffic jams during long weekends
 955       December 24, 2023      BNI Offers Woosh Ticket Purchase Promo Starting from IDR 200 Thousand
 956       December 24, 2023      Encouraging Economic Recovery, BNI Continues to Serve KUR and BWU during the 2023 Christmas Holidays
 957       December 24, 2023      Spread the Joy of Christmas by Sharing
 958       December 25, 2023      Merry Christmas and New Year 2024
 959       December 25, 2023      Make Precious Moments More Special with Memorable Gifts for Christmas and New Year
 960       December 25, 2023      The meaning behind the colors red and green in every Christmas decoration
 961       December 26, 2023      In the spirit of Christmas and New Year, this is the BNI Digital Transaction Channel




                                                                                                Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   937
Page 351
          2023                      Management                         Company                     Management Discussion and                      Business Support
      Performance                     Report                            Profile                  Analysis on Company Performance                     Functions




      BNI E-MAIL, WHATSAPP & SMS GREETINGS

      Internal communication tools in the form of WhatsApp, e-mail and BNI SMS Greetings, consist of:
      1. Corporate information that is bank wide and high level conveyed by the Board of Directors to all employees (Newsletter);
      2. Bank wide and more technical corporate information conveyed by the Corporate Secretary Division to all employees
          (Corporate Info);
      3. Information related to HC and of a technical nature that must be conveyed immediately by the HCS dan HCE Division
          to all employees (HR Message);
      4. Other information that is bank wide but not related to marketing, products or services.

      Throughout 2023, the number of BNI Greeting e-mails will be 442 (four hundred and forty two) times. The list of BNI
      Greet email topics includes the following:

        No.                                                                       Subject E-mail
          1     BNI Greets - BNI Shares Rise 36.67% Throughout 2022, Ready to Make Achievements in 2023
          2     BNI Greets - Supports Economic Recovery, BNIDirect Transactions Grow Positively
          3     BNI Greets - Encouraging Ecosystem Digitalization, BNI Won 2 International DevPortal Awards 2022
          4     BNI Greets - Supporting Indonesian Sports, BNI Launches Jakarta Volleyball Team BNI46
          5     BNI Greets - Challenge "BNI Hi-Movers Wrapped 2022"!!! Headlines
          6     BNI Greets - Save on Monthly Shopping with BNI Rewards Points
          7     BNI Greets - BUMN's Service to Gunungsitoli, BNI Enlivens MSME Bazaar and Cheap Market for the People
          8     BNI Greets - Transforming into a Digital Bank, Bank Mayora GMS Introduces New Management
          9     BNI Greets - Encouraging MSME Ecosystem to Go Global, BNI Relies on KUR Allocation of IDR 36.5 Trillion
          10    BNI Greets - BNI's role in promoting national sports is appreciated by the Minister of Youth and Sports
          11    BNI Greets - K-Store Challenge Program 2023
          12    BNI Greets - Targeting Millennial Executives, BNI Emerald holds the Next Gen Community 2023 event
          13    BNI Greets - Indonesia Metaverse Show 2023
          14    BNI Greets - Exciting January BNI Multifinance Promo (New Spirit)
          15    BNI Says Greetings - BNI & LOTTE Mart Launch New Design and Features of Contactless BNI LOTTE Card
          16    BNI Says Greetings - BNI Good Luck #GaPakeNanti
          17    BNI Says Greetings - BNI Recorded Highest Profit in History, Transformation and Innovation Are Key
          18    BNI Says Greetings - Successful Transformation, BNI Achieves Satisfactory Service Predicate
          19    BNI Greets - Indonesian Badminton National Team Struggling in the 2023 Daihatsu Indonesia Masters Final
          20    BNI Welcomes - Optimism for the Year of the Rabbit, BNI Socializes 3 Product Champions to Customer
          21    BNI Greets - Expanding Regional Digitalization, BNI and Cilegon City Government Collaborate on Banking Services and Smart City Program
          22    BNI Greets - Indonesia Successfully Won 2 Champion Titles at the 2023 Indonesia Masters
          23    BNI Greets - Focus on Developing Digital Business, BNIDirect and BNI Mobile Banking Users Grow Rapidly
          24    BNI Greets - Knowledge Supplement: Data Culture The Series: Data Leads
          25    BNI Greets - Special Promo for Pre Order Samsung Galaxy S23 Series 5G with BNI Credit Card
          26    BNI Greets - Increase the Use of Mobile Banking, BNI Gives Out Prizes for 21 Cars and 212 Motorbikes
          27    BNI Greets - Special Promo for Pre Order Samsung Galaxy S23 Series 5G with BNI Credit Card
          28    BNI Greets - Knowledge Supplement: Set Yourself Up for Financial Freedom
          29    BNI Greets - Knowledge Supplement: Socialization of Coordinating Ministerial Decree No. 1 and No. 2 of 2023 regarding People's Business Credit (KUR
                BNI Greets - Appreciating Athletes with Achievements at the 2023 Indonesia Masters, BNI and PBSI Ready to Escort Chico Cs to the
          30
                Badminton Asia Mixed Team in Dubai
          31    BNI Says Greetings - National Press Day 2023, BNI Commits to Supporting Increasing Competency of Journalists
          32    BNI Greets - AWARD SYMPHONY
          33    BNI Greets - Fraud Awareness Series: It Will Happen to Me: Efforts to Develop Risk-Culture and Peer Review to Prevent Internal Fraud
          34    BNI Greets - BNI Encourages 7 Transformation Strategies for 2023
          35    BNI Says Greetings - BNI Releases Special TapCash Card NCT 127 '2 Baddies' Design
                BNI Greets - BNI Business Meeting 2023, Indonesia Has an Important Role as Chair of ASEAN 2023, BNI Can Take Advantage of Business
          36
                Opportunities
          37    BNI Greets - BNI Japan Airlines Travel Fair
          38    BNI Greets - 2,000 Mangrove Seedlings for Bali
          39    BNI Greets - Strengthening Socialization of Narcotics Abuse, BNI Collaborates with BNN RI
          40    BNI Greets - Get to Know the Causes, Symptoms and How to Treat Diabetes in Children


938   From Local to Global
Page 352
Capital & Risk Management        Good Corporate            Social & Environmental             ESG                          Financial
          Practices               Governance                   Responsibility              Commitment                     Statements




 No.                                                                      Subject E-mail
   41     BNI Greets - Want to Get Free Raisa Live In Concert Tickets?
   42     BNI Greets - Inter-Unit Challenge: BNI Hi-Movers Cares About Waste
   43     BNI Greets - Oppo Creativepreneur Corner 2023 Powered by BNI
   44     BNI Greets - BNI and Ministry of PUPR Synergize to Build Smart Village Residential in the Capital City of the Archipelago
   45     BNI Greets - Encouraging Creative Industries, BNI Supports Raisa Live in Concert Sponsorship
   46     BNI Greets - Discipline Execution “Why Execution Matters?: Employee Engagement
   47     BNI Greets - BNI – INACRAFT 2023 Promo
   48     BNI Greets - BNI CERIA, Time to Change Car Now
   49     BNI Greets - FSA and Bank Responsibilities in Consumer Protection to Increase Employee Anti-Fraud Awareness Understanding
   50     BNI Greets - Appreciation of 2022 Performance Achievements
   51     BNI Greets - Happy Pay Day BNI Hi-Movers!
   52     BNI Says Greetings - Come to INACRAFT 2023
   53     BNI Greets - Smart and Safe Investment Webinar with EMASKITA
   54     BNI Greets - BNI President Director Won The Best CEO with Distinction 2022 Award
   55     BNI Greets - Encouraging MSMEs to Go Global, BNI Supports Inacraft 2023
   56     BNI Greets - Socialization of the Use of Digital Population Identity
   57     BNI Greets - Discussion of Changes to the 16 Digit NPWP Format (Based on PMK 112 of 2022)
   58     BNI Greets - BNI Emerald Market Outlook "Optimizing Financial Opportunities As Epicentrum of Growth"
   59     BNI Greets - Winners of CC Racing 2023 January 2023 Period
   60     BNI Greets - Hartadiana Abadi - BNI Roadshow
   61     BNI Greets - Africa is Called the Continent of the Future for New Economic Growth, BNI Takes the Opportunity
   62     BNI Greets - BNI CorpU TV Knowledge Supplement: The Importance of Good Records Management for BNI
   63     BNI Greets - Smart and Safe Investment Webinar with EMASKITA
   64     BNI Greets - CC Racing 2023 (Credit Card Race So Amazing)
   65     BNI Greets - Expanding Digital Channel, BNI Inaugurates Banking Café at UGM
   66     BNI Greets - Supporting the Electric Vehicle Ecosystem, BNI Prepares a Special Financing Program
   67     BNI Greets - BNI Expo with RANS East Java Economic Acceleration
   68     BNI Greets - Knowledge Supplement to Perpu No. 2 of 2022 (Job Creation)
   69     BNI Greets - BNI Hi-Movers, Come Vote at the BNI GMS for Fiscal Year 2022
   70     BNI Greets - BNIDirect Continues to Encourage Institutional Transaction Performance
   71     BNI Greets - Hartadiana Abadi - BNI Roadshow
   72     BNI Greets - Distributes IDR 7.3 Trillion Dividends, BNI Optimistic Performance Will Be More Positive in 2023
   73     BNI Greets - Socialization of the BPJS Kindergarten Membership Registration Cooperation Program through BNI Agen46
   74     BNI Greets - Ban on Buyback Transactions 2023
   75     BNI Says Greetings - Boosting Transformation, BNI Optimistic that Performance Will Continue to Soar
   76     BNI Greets - Indonesia Ensures One Champion Title at All England 2023
          BNI Greets - BNI CorpU TV Knowledge Supplement: Discussion of the New Tax Regulations for 2023 “PP No. 44 of 2022”: Implementation of
   77
          VAT & PPnBM
   78     BNI Says Greetings - BNI's Support for Indonesian Badminton Athletes Yields Results: Fajar & Rian Winners at All England 2023
   79     BNI Greets - Welcoming the Nyepi Day of Saka New Year 1945, BNI Distributes Basic Food Packages and Temple Construction
   80     BNI Greets - Quality Journalism Products, BNI Won Three Awards
   81     BNI Greets - Discussion of the New Tax Regulations for 2023 “PP No. 49 of 2022”: Exempt and/or Not Collected VAT & PPnBM
   82     BNI Greets - Senayan City The Gracious Ramadan
   83     BNI Greets - Socialization & Utilization of the PaDi MSME Platform
   84     BNI Greets - Welcoming Ramadhan, BNI Distributes 77,000 Basic Food Packages
   85     BNI Greets - BNI and Ministry of PUPR Collaborate to Create Multifunctional Cards for Workers at IKN
   86     BNI Greets - Digital Trend & Skill Series #1 : What Will Happen in 2023 & What Can We Do to Jump?
   87     BNI Says Greetings - Benefits of the 2023 ASEAN Chairmanship Momentum, BNI is the Most Prospective
   88     BNI Greets - BNI Overseas Branch Office Credit Distribution Grows Positively February 2023
   89     BNI Greets - The Wisdom of Fasting in Forming Characters with Integrity
   90     BNI Greets - Community of Practice (COP) and Community of Interest (COI) features in the Smarter Application
   91     BNI Greets - Discussion of the New Tax Regulations 2023 (PP No. 50 of 2022): Procedures for Exercising Tax Rights & Fulfilling Tax Obligations




                                                                                                Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   939
Page 353
          2023                      Management                       Company                     Management Discussion and                  Business Support
      Performance                     Report                          Profile                  Analysis on Company Performance                 Functions




        No.                                                                     Subject E-mail
          92    BNI Greets - BNI, DJKN, and Ministry of ATR/BPN Collaborate to Hold Auction of Collateral Assets Owned by BNI
          93    BNI Greets - Knowledge Supplement BNI CorpU TV: Health Education BNI Live X BCV: Beware of Strokes at a Young Age
                BNI Greets - BNI CorpU TV Knowledge Supplement: Exploring the Secrets of the Winners of the OJK Financial Inclusion Competition
          94
                (KOINKU)
          95    BNI Greets - Notification of Changes to the BNI DPLK System in 2023
          96    BNI Greets - BNI CorpU TV Knowledge Supplement: "Working Secrets and Wisdom"
          97    BNI Greets - BNI Fortune Program #GaPakeNanti
          98    BNI Greets - BERKAH RAMADAN: "Share Happiness, Celebrate the Night of the Coming of the Al-Quran "
          99    BNI Greets - BNI CERIA, Time to Change Car Now
         100    BNI Greets - Winners of CC Racing 2023 for the February 2023 Period
         101    BNI Greets - BNI CorpU TV Knowledge Supplement: Maintaining Personal Integrity by Increasing Faith and Piety
         102    BNI Greets - Strengthening Collaboration, BNI and UGM Sign CFEST and KTM Co-Brand Cooperation
         103    BNI Greets - THR Sale on Samsung EPP with BNI Credit Card
         104    BNI Greets - BNI CorpU TV Knowledge Supplement: Maintaining Personal Integrity by Increasing Faith and Piety
         105    BNI Greets - BNI Won Best Digital Brand Award 2023
         106    BNI Says Greetings - BNI Invites Diaspora to Serve in Building the Country
                BNI Greets - BNI CorpU TV Knowledge Supplement: Socialization of BPJS TK Registration for KUR Debtors as Implementation of
         107
                Coordinating Ministerial Decree No.1 of 2023
         108    BNI Says Greetings - BNI Launches E-Magazine and Homecoming Map, Homecoming Travel Becomes Easy and Enjoyable with BNI
         109    BNI Greets - BNI Supports National Food Security Through Millennial Smart Farming
         110    BNI Greets - BNI Homecoming Post Facilitates Rest for Homecomers
         111    BNI Says Greetings - Happy Eid Al-Fitr 1444 H, Jump Higher Carve Out Kindness
         112    BNI Greets - Ensure Customers are Comfortable on Eid Holidays, BNI Operates 86 Outlets and 48 O-Branch
         113    BNI Greets - Blood Donation - Dharma Santi BUMN 2023
         114    BNI Greets - Get Emerald Staff
         115    BNI Says Greetings - GET READY FOR BNI JAVA JAZZ FESTIVAL 2023!
         116    BNI Greets - Controls 21% of Industry, DPLK BNI Collaborates with Semen Padang
         117    BNI Greets - Momentum of Ramadan and Eid, BNI Tapcash is Getting Better
         118    BNI Greets - Discussion of New Tax Regulations 2023 (PP No. 55 of 2022): Adjustments to Regulations in the Income Tax Sector
         119    BNI Greets - Eid Al-Fitr 2023, BNI's Daily Remittance Activity Increases Rapidly
         120    BNI Greets - Optimizing the KCLN Network, BNI is Optimistic that International Business will Grow Positively
         121    BNI Greets - Digital Trend & Skill Series #2: Innovators Playbook: How to Create Great Products, Services and Experiences
         122    BNI Greets - BNI Facilitates Indonesian Coffee Entrepreneurs to Appear at the London Coffee Festival
         123    BNI Greets - Launching the 2023 BNI Action Program
         124    BNI Greets - SER BNI Provides Social and Environmental Impact
         125    BNI Greets - BNI CorpU TV Knowledge Supplement: Maintaining Spine Health that is Effective and Easy to Do
         126    BNI Greets - BNI Records LCS Transaction Growth of 44.2%
         127    BNI Greets - Spurring BNIDirect Growth, BNI Optimizes KCLN Network
         128    BNI Greets - Come on, immediately vote for the IKN Nusantara logo of your choice
         129    BNI Says Greetings - Go Global BNI, Chocolate Business from Bali Goes Global
         130    BNI Greets - Ready to Win the 2023 Sudirman Cup, BNI and PBSI Release the Indonesian Team
         131    BNI Greets - Supporting the Capital Market Ecosystem, BNI Holds a Capital Market Workshop
         132    BNI Greets - BNI's Foster Partners Attract Erick Thohir at the 2023 ASEAN Summit
         133    BNI Greets - BNI Won Best Customer Experience Predicate
         134    BNI Greets - Winners of K-Store Challenge 2023 Period 1
         135    BNI Greets - RACE Talk Series: Prime Customers
         136    BNI Greets - Information regarding the Prohibition of BBNI Share Transactions during the Share Buyback Period ("buyback")
         137    BNI Greets - BNI-TBIG Synergy, BNI's Commitment to Support Telecommunication Infrastructure
         138    BNI Greets - AKHLAK Series: Managing Energy (For Happiness & Optimistic)
                BNI Greets - Optimizing the Momentum of Passenger Traffic Growth, Garuda Indonesia Online Travel Fair (GOTF) is Held Again Presenting
         139
                Ticket Discounts of Up to 80%
         140    BNI Greets - Singing Challenge For Java Jazz 2023
         141    BNI Greets - BNI Java Jazz Ready to Be Held in June, Fariz RM and Vina Panduwinata Provide Refreshment at JJOTM in Sarinah
         142    BNI Greets - User Satisfaction Survey (USS) Wave -1



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          Practices               Governance                   Responsibility               Commitment                    Statements




 No.                                                                      Subject E-mail
  143     BNI Greets - Get to know @dinegeri.orang, the Largest Indonesian Diaspora Community Made by BNI
  144     BNI Greets - BNI Java Jazz Festival 2023 Ticket Purchase Promo with BNI Mobile Banking
  145     BNI Greets - BEE Awards (BNI Excellence Employee Award)
  146     BNI Greets - Full of Attractive Rewards, BNI AKSI 2023 Officially Launched
  147     BNI Greets - PPI Dunia Collaborates with BNI to Hold Alumni Connect
  148     BNI Greets - Officially Launched, Hibank Focuses on the MSME Segment
  149     BNI Greets - BNI UI Half Marathon 2023, Greener and More Sterile
  150     BNI Greets - National Conference XII SP BNI Appoints AIfri Hamonangan as General Chairperson for the 2023-2026 Period
  151     BNI Greets - Opens PPI World Alumni Connect, Vice President Asks Young Generation to Encourage Spirit of Building the Country
  152     BNI Greets - Embracing World Students, BNI Appreciated by KBUMN
  153     BNI Greets - Launch of the Archipelago Capital Logo
  154     BNI Greets - Project Management: Boost Your Achievement with Agile Mindset
  155     BNI Greets - Ceremony to Commemorate the Birth of Pancasila in 2023
  156     BNI Greets - Government Launches New Logo for Archipelago Capital
  157     BNI Greets - Mario Biondi, Stephen Sanchez, and Max Admit They Can't Wait to Perform at BNI Java Jazz 2023
  158     BNI Greets - BNI Java Jazz Festival 2023 Becomes Momentum to Increase Tapcash Digital Transaction
  159     BNI Greets - BNI Java Jazz Festival 2023, Don't Miss the Attractive Promo
  160     BNI Greets - Knowledge Supplement BNI CorpU TV: Gadget Addiction in Children: Impact on Health and How to Overcome It
  161     BNI Greets - New IKN Logo Present, Here is BNI's Next Strategy
  162     BNI Greets - BNI EMIRATES TRAVEL FAIR 2023
  163     BNI Says Greetings - Launching Work Clothing Guide: New Professional Style BNI
  164     BNI Greets - BNI Java Jazz Festival 2023 is an opportunity for BNI to attract millennials to have BNI credit cards
  165     BNI Greets - Pay for College Cashback up to IDR 300 Thousand
  166     BNI Greets - BNI Supports IKN Promotion in Singapore
  167     BNI Says Greetings - BNI Good Luck #GaPakeNanti - The Finale
  168     BNI Greets - Strengthening the Campus Financial Ecosystem Program, BNI Synergizes with UNJ
  169     BNI Greets - Winners of CC Racing 2023 April 2023 Period
  170     BNI Greets - BNI Gives away Mitsubishi Triton, Hyundai Creta, and Land Rover Defender Rover Defender
  171     BNI Greets - BNI is Ranked in the World's Best Companies by Forbes
  172     BNI Greets - 75% cashback for paying bills or buying electricity tokens using a BNI credit card
  173     BNI Greets - Information Update regarding the Prohibition of BBNI Share Transactions During the Share Buyback Period ("buyback")
  174     BNI Greets - BNI Friends Program Won B Universe CSR Award 2023
  175     BNI Greets - Beware of Fraudulent Modes Under the Guise of Letters to Increase Transaction Fees in the Name of BNI
  176     BNI Greets - BNI Empathy Dropbox
  177     BNI Greets - Financial Planning: Invest Wisely, Gain More! - Smart Investment Tricks for Workers
  178     BNI Greets - Challenge #77SpiritToReinventYourself
  179     BNI Greets - Knowledge Supplement BNI CorpU TV Refreshment Counterfeit Foreign Banknotes "Banknotes in 2023"
  180     BNI Greets - BNI Mobile Banking Name & Tagline Competition. Get LinkAja Balance!
  181     BNI Greets - Providing Excellent Service, BNI Won 11 Awards
  182     BNI Greets - BNI CorpU TV Knowledge Supplement: Selling Skills & Public Communication For AMA
  183     BNI Greets - Why We Do NWOW and What is the Purpose
  184     BNI Greets - Supporting Government Programs, BNI is Committed to Continuing to Play an Active Role in Building the Country
  185     BNI Says Greetings - BNI 77th Anniversary Twibbon
  186     BNI Greets - Eid Al-Adha, BNI Implements Limited Operational Services
  187     BNI Greets - BNI CorpU TV Knowledge Supplement: Characteristics of the Authenticity of Rupiah Currency for Emission Year 2022
  188     BNI Greets - BNI CorpU Tv Knowledge Supplement: BNI Xpora Series Webinar: If you want to export, it's not a hassle!
  189     BNI Greets - The Role of Leaders in NWOW
  190     BNI Says Greetings - Want to Penetrate the Japanese Market, Here are Tips for MSME Players
  191     BNI Greets - Digi Micro Protection, Long Holidays are Even More Comfortable with Travel Insurance
  192     BNI Greets - Long Eid al-Adha Holiday 1444 H, BNI Mobile Banking Maintains Excellent Service
  193     BNI Says Greetings - BNI x Mommy and Me 2023
  194     BNI Greets - 3rd AKHLAK Commemoration Twibbon
  195     BNI Says Greetings - BNI Soccer 77th Anniversary of BNI



                                                                                                 Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   941
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          2023                      Management                       Company                    Management Discussion and               Business Support
      Performance                     Report                          Profile                 Analysis on Company Performance              Functions




        No.                                                                     Subject E-mail
         196    BNI Greets - Holiday with Eid al-Adha 1444 H, BNI Still Serves KUR and BWU Transactions
         197    BNI Greets - BNI Ready to Collaborate with Indonesia Incorporated Hong Kong
         198    BNI Greets - Increasing MSME Penetration in the Global Market, BNI Involved in KIF 2023
         199    BNI Greets - Erick Thohir is Amazed by Sarinah's Persistence in Marketing Indonesian Products in Hong Kong
         200    BNI Greets - Increasing MSME Penetration in the Global Market, BNI Involved in KIF 2023
         201    BNI Greets - Erick Thohir is Amazed by Sarinah's Persistence in Marketing Indonesian Products in Hong Kong
         202    BNI Greets - Implementation of New Ways of Working (NWOW)
         203    BNI Greets - Implementing New Way of Working, BNI Ready to Jump Higher
         204    BNI Greets - New Year, New Opportunities, New Spirit: BNI 77 Global Reach, Indonesian P
         205    BNI Greets - Establishes Indonesia Incorporated in Hong Kong, Erick Strengthens BUMN in the Global Market
         206    BNI Greets - Series of 77th Anniversary, BNI Releases TapCash Special Designs for SUPER JUNIOR, Red Velvet and NCT DREAM
         207    BNI Greets - Fighting the Challenge of Acute Respiratory Infections (ARI) "Prevention and Treatment"
         208    BNI Says Greetings - 7 Exciting Promotions on BNI's 77th Anniversary
         209    BNI Says Greetings - BNI's 77th Anniversary Celebration "Global Reach, Indonesian Pride"
         210    BNI Greets - Special Promo on Samsung EPP with BNI Credit Card
         211    BNI Says Greetings - BNI Footsteps 2023
         212    BNI Greets - Transforming BNI into Global Reach Indonesian Pride
         213    BNI Greets - BNI Hi-Movers Report Activation
         214    BNI Greets - 77th Anniversary, BNI Becomes One of the Epicenters of National Economic Growth
         215    BNI Greets - BNI's 77th Anniversary, Even More Exciting with Instagram Stickers
         216    BNI Greets - BNI's 77th Anniversary, Even More Exciting with Instagram Stickers (copy)
         217    BNI Greets - 1 Month Cashback on Perisai Plus Premium by Registering with BNI Mobile Banking
         218    BNI Greets - Migrant Workers Value BNI Services Extraordinarily
         219    BNI Greets - Celebrating 77 years with #BNIAroundTheWorld
         220    BNI Greets - Celebrating 77 years with #BNIAroundTheWorld
         221    BNI Greets - BEWARE! Fraudulent Mode Under the guise of Letter of Increase in Transaction Fees in the Name of BNI
         222    BNI Says - Be Careful! New Fraud Mode Wrong Account Transfer
         223    BNI Greets - Celebrating 77th Anniversary, BNI Holds Golf, Cycling and Climbing 7 Mountains
         224    BNI Says Greetings - Don't Randomly Click Yes! Currently, there are many modes of fraud using PDF files
         225    BNI Greets - BNI Provides Assistance to Flood Victims in Lumajang
         226    BNI Greets - Erick Thohir Inaugurates Mosque in Mandalika, Result of Himbara Collaboration
         227    BNI Greets - Optimizing 2023 Improvement Trends, BNI Strengthens Quality and Coverage
         228    BNI Greets - Information Update on Prohibition of BBNI Share Transactions during the Share Buyback Period ("Buyback")
         229    BNI Greets - BNI CorpU TV Knowledge Supplement: Creating Effective Risk Control to Build Prudent and Sustainable Credit Provision
         230    BNI Greets - Series of 77th Anniversary, BNI Plants 77 Thousand Trees
         231    BNI Says Greetings - Now BNI EDC Machines & BNI E-Commerce Services Can Accept American Express Cards
         232    BNI Says Greetings - Create Leading Talent, BNI Won HR Asia Award
         233    BNI Greets - ORI023: A Valuable Choice, To Be Happy Together
         234    BNI Greets - ORI023: A Valuable Choice, To Be Happy Together
         235    BNI Greets - 77th Anniversary, BNI Holds Friendly Golf Tournament
         236    BNI Says Greetings - Carrying out the Mission to Become a Global Bank, BNI Serves Diaspora in 26 Countries
         237    BNI Greets - BNI Xpora Won Marketeers SME Enhancement of The Year Award 2023
         238    BNI Greets - 5,750 Runners Take Part in BNI-UI Half Marathon 2023
         239    BNI Greets - ACC CREATIVITY COMPETITION 2023
         240    BNI Greets - Exchange 177 POINTS+ at the BNI Loudfest Vol. 2 at Gelora Bung Karno
         241    BNI Greets - Are You Ready for BNI LoudFest Vol.2
         242    BNI Greets - BNI 77th Anniversary Activation: If you're familiar, you can definitely answer!
         243    BNI Greets - BNI Maintains Long-Term Quality Growth Momentum
         244    BNI Greets - Beware of HOAX Increase in Transaction Fees of IDR 150 Thousand per Month
         245    BNI Greets - BNI Loud Fest 2023, A Form of Appreciation for BNI Hi-Movers
         246    BNI Greets - Celebrating 77th Anniversary, BNI Collaborates with 117 Culinary MSMEs to Celebrate BNI Loud Fest 2023
         247    BNI Greets - MSME Bazaar for Indonesia is Back!




942   From Local to Global
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          Practices               Governance                     Responsibility              Commitment                   Statements




 No.                                                                        Subject E-mail
  248     BNI Greets - Reaches 14.9 Million Users, BNI Mobile Banking is Increasingly Trusted
  249     BNI Greets - Beware of Online Fraud via WhatsApp in the name of BNI
          BNI Greets - BNI CorpU TV Knowledge Supplement: The Role of the Indonesian Diaspora and BNI in Supporting MSMEs Go Export & Go
  250
          Global
  251     BNI Greets - Thick Talk Knowledge Supplement BNI CorpU TV Series "Getting to Know Cervical Cancer and its Treatment"
  252     BNI Greets - BNI Won Cloudera APAC Data Impact Award 2023 in Industry Transformation Category
  253     BNI Says Greetings - Information Update Regarding Buying and Selling Transactions of BBNI Shares by Employees
          BNI Greets - Thick Talk Knowledge Supplement BNI CorpU TV : Digital Trend & Skill Series #3: The Magnetic Future Leader: Essential Actions
  254
          of Leaders People Love to Follow
  255     BNI Greets - Boosting MSMEs in Indonesia, Hibank Receives Award as Indonesia Best Bank Awards 2023
  256     BNI Greets - Digital Banking Performance Increasingly Solid, BNIDirect Users Reach 138,000 User
  257     BNI Greets - BNI Agen46 Has Reached More Than 173 Thousand in Semester I 2023
  258     BNI Says Greetings - HR Transformation is the Key to the Success of BNI Go Global
  259     BNI Greets - Digital Trend & Skill Series #4 : "Achieving Business Agility with The Scaled Agile Framework"
  260     BNI Greets - BNI-Japan Airlines Travel Fair 2023
  261     BNI Says Greetings - Breaking World Records, BNI Supports the Biggest Angklung Performance in the World
  262     BNI Says Greetings - BNI Celebrates RI's 78th Anniversary, Supports Palace of Clothing Activities
  263     BNI Greets - Supports Indonesian Golfers to International Level BNI Again Sponsors Ciputra Golfpreneur Tournament 2023
  264     BNI Greets - Spectaxcular 2023, DJP Collaborates with BNI to Hold Tax Campaign
  265     BNI Says Greetings - Siloam and BNI Launch BNI x Siloam Hospitals Credit Card Co-Branding Product
  266     BNI Greets - BNIDirect Video Competition
  267     BNI Greets - BNI and South Sulawesi Provincial Government Cooperate to Export Mainstay Products to China
  268     BNI Greets - Strengthening the Diaspora Ecosystem, BNI Supports Congress of Indonesian Diaspora 2023
  269     BNI Greets - ThickTalk : RACE Talk Series: New Way of Working (NWOW) - Regional Organizations
  270     BNI Greets - Get Emerald Staff Referral Program
  271     BNI Says Greetings - Come on, use Twibbon and celebrate the Republic of Indonesia's 78th Anniversary
  272     BNI Says Greetings - Happy Republic of Indonesia, Keep Moving Forward for an Advanced Indonesia!
  273     BNI Greets - Increasing Financial Inclusion for People with Disabilities, BNI Strengthens Socialization
  274     BNI Greets - Stretching MSME Economic Recovery Through the BNI UMKM Festival
  275     BNI Greets - Strengthening Go Global Performance, BNI Xpora brings 15 MSMEs to Hong Kong Food Expo 2023
  276     BNI Greets - BNI Life Appreciates 76 Paskibraka, Provides Life Insurance Guarantee
  277     BNI Greets - Xpora Series 2023 Webinar: Let's Get to Know the Inaexport Application and MSME Product Packaging Strategy to Upgrade & Go Export
  278     BNI Greets - Actively Socializes Student Savings, BNI Won 3 OJK Awards
  279     BNI Says Greetings - BNI Bazar Fest Vol.2 2023
  280     BNI Greets - RACE Talk Series: New Way of Working (NWOW) - Technology & Operations Sector
  281     BNI Greets - BNIDirect Video Competition
  282     BNI Greets - BNI Bazaar Festival is Held Again, Here are the Interesting Promos
  283     BNI Says Greetings - Protect Migrant Workers, BNI Gets Task from BUMN Minister Erick Thohir
  284     BNI Greets - Adding Capital, BNI Multifinance Strengthens Performance in the Consumer Market
  285     BNI Greets - Supporting Jabodebek LRT Operations, BNI Ensures Payment Infrastructure is Ready
  286     BNI Greets - Deputy Minister Tiko Visits Jabodebek LRT, Ensures Integration and Ease of Access
          BNI Greets - Strengthening Commitment to Employment Opportunities for Persons with Disabilities, BNI Supports Disability Equality
  287
          Workshop Program
  288     BNI Greets - BNI-Ciputra Golfpreneur Tournament 2023 Encourages Indonesian Golfers to Jump Higher to the World Stage
  289     BNI Says Greetings - Encouraging Insurance Literacy and Inclusion, Here is BNI Life's Effective Program
  290     BNI Greets - BNI Loan Diaspora Assists Lucky Indonesia Restaurant Expand Market in Hong Kong
  291     BNI Greets - BNI Presents Assistance for Independent Teacher Certification and Financial Literacy Training Programs
  292     BNI Greets - Karya Real Festival 2023 Successfully Held, Encouraging the Performance of Dozens of MSMEs
          BNI Greets - Delivery of Collaboration between BNI & the Master of Economics Program, Faculty of Economics and Business, Trisakti
  293
          University
  294     BNI Greets - Srikandi BUMN: Financial Performance, Growth Projections and Women's Leadership at BNI
  295     BNI Greets - BUMN Performance Report 2023
  296     BNI Greets - Strengthening Value Chain Business, BNI Establishes Synergy with PLN Icon Plus
  297     BNI Says Greetings - Becoming An Entrepreneur, Here's the Advice from the President Director of BNI for Millennials and Gen Z




                                                                                                 Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   943
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          2023                      Management                       Company                     Management Discussion and                   Business Support
      Performance                     Report                          Profile                  Analysis on Company Performance                  Functions




        No.                                                                     Subject E-mail
         298    BNI Greets - BNI CorpU TV Knowledge Supplement "Financially Capable Diaspora, Prosperous Diaspora"
         299    BNI Greets - BNI AM Participates in GN BPJAMSOSTEK Circle
         300    BNI Greets - Zero Waste Industry, BNI Supports MSMEs, Wastera Producers
         301    BNI Greets - Asean Indo Pacific Forum (AIPF)
         302    BNI Greets - Leading in Regional Product Exports, BNI Xpora Receives Award
         303    BNI Greets - Capture DHE Domestically, This is a Banking Solution from BNI
         304    BNI Greets - ASEAN-Indo-Pacific Forum (AIPF): Implementation of the ASEAN Outlook on the Indo-Pacific.
         305    BNI Greets - Having a Target of IDR 62.9 Trillion Green Portfolio, BNI Ready to Showcase at AIPF
         306    BNI Greets - Leading in Green Infrastructure, BNI Showcasing at AIPF
         307    BNI Greets - Supporting AIPF, BNI Encourages Inclusive Digital Transformation
         308    BNI Greets - ASEAN Summit Day 1, Here is BNI's Vision
                BNI Greets - BNI CorpU TV Knowledge Supplement : Anti Fraud Awareness "Preventing Fraud in Banking by Creating a System that Supports an
         309
                Anti Fraud Culture"
         310    BNI Greets - Creative MSME Enabler Go Global, Here is BNI's Flagship Development Scheme at the AIPF Event
         311    BNI Greets - ASEAN Summit Day 1, Here is BNI's Vision
         312    BNI Greets - Celebrating National Customer Day, BNI Intensifies Digital Services
         313    BNI Greets - Successfully Taking Advantage of AIPF 2023 Momentum, BNI Locks Two MoUs
         314    BNI Greets - BNI CorpU TV Knowledge Supplement: Musculoskeletal Injury in Office Workers
         315    BNI Greets - Showcasing at AIPF 2023, BNI Demonstrates Digital Transformation Achievements
         316    BNI Greets - Invest Once, Return Many Times!
         317    BNI Greets - BUMN Deputy Minister Rosan Appreciates BNI Mobile Banking at AIPF 2023
         318    BNI Greets - AIPF 2023 MSME Business Matching, BNI Xpora Collaborates with Seoul Trade Attaché
         319    BNI Greets - BNI Exhibits hibank at AIPF 2023, This is an Opportunity for the Indonesian MSME Segment
         320    BNI Greets - AIPF 2023: BNI Views ASEAN as a Source of Growth
         321    BNI Greets - 2023 BNI Internal Communication Survey
         322    BNI Greets - Heroine BUMN Goes to UI Campus: "Prepare Yourself to be Global Talent and Bring Indonesia to the World"
         323    BNI Greets - Go Global Campaign, BNI Supports Ghea Resort and Cover Me Not in New York
         324    BNI Says Greetings - Making Dutch Diaspora Transactions Easy, BNI Praised by Ambassador
         325    BNI Greets - Kriyanusa: Starting a hassle-free and safe export business for MSMEs
         326    BNI Greets - Delivery of Collaboration between BNI & the Master of Economics Program, Faculty of Economics and Business, Trisakti University
         327    BNI Greets - Encouraging the Potential of Indonesian Culture to Go Global, BNI Supports Batik in Algiers 2023
         328    BNI Greets - BNI Collaborates with BPD Lampung to Issue Indonesian Credit Card for Government Segment
         329    BNI Greets - Beware of Fraud! Increase in Transaction Rates on behalf of BNI
         330    BNI Greets - BNI-Batik Air Online Travel Air 2023
         331    BNI Greets - BNI Won 6 Alpha Southeast Asia Awards
         332    BNI Greets - BNI and UI Launch Campus Financial Ecosystem Technology Platform
         333    BNI Says Greetings - BNI Again Supports BNI Indonesian Masters 2023, the Biggest Golf Tournament in Indonesia
         334    BNI Greets - 2023 BNI Internal Communication Survey
         335    BNI Greets - Strengthening Support for Women's MSMEs, BNI Presents Pertiwi Indonesia at Kriyanusa 2023
         336    BNI Greets - BNI Holds Srikandi BUMN Goes to Campus, Invites UI Students to Be Ready to Transform into Global Talent
         337    BNI Greets - 2023 BNI Internal Communication Survey
         338    BNI Greets - 2023 BNI Internal Communication Survey
         339    BNI Says Greetings - BNI Helps MSMEs Upgrade, Starting a Hassle-Free Export Business
         340    BNI Greets - Promoting Local Products Go Global, BNI Brings MSMEs to the 2023 CAEXPO Exhibition in China
         341    BNI Greets - Make it easier for Diaspora, open a BNI account via BNI Mobile Banking
         342    BNI Greets - BNI EGMS Approves Stock Split Ratio 1:2
                BNI Greets - Xpora Series 2023 Webinar: Let's Find Out Export Procedures & Conditions and How International Courier and Forwarding
         343
                Services for MSMEs Go Export
         344    BNI Greets - 2023 BNI Internal Communication Survey
         345    BNI Greets - Growth Trend Continues, BNI Optimistic of Expansive Credit
         346    BNI Greets - Targeting Japanese Premium Dining Lovers, BNI and JCB Launch BNI JCB Ultimate Card
         347    BNI Greets - BNI Won "The Best Overall Big Caps" at the 14th IICD Corporate Governance Award 2023
         348    BNI Says Greetings - BNI ATM Makes it Easier to Withdraw Cash for Migrant Workers in Hong Kong
         349    BNI Greets - Increasing Financial Inclusion in Hong Kong, BNI Acquires 18 Thousand Accounts


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          Practices               Governance                   Responsibility                Commitment                  Statements




 No.                                                                      Subject E-mail
  350     BNI Says Greetings - Transformation Encourages BNI to Win Detikcom Awards
  351     BNI Greets - BNI Supports Socialization of NIT and IKD Dukcapil to Diaspora in Hong Kong
  352     BNI Greets - "Launching Employee Home Ownership Collaboration Program with Ciputra Group Through Employee Loan Mechanism 2.0"
  353     BNI Greets - Dukcapil Appreciates BNI Providing Convenience for Diaspora in Hong Kong
  354     BNI Greets - Meeting the Diaspora in Hong Kong, BNI, Dukcapil and BPJS Employment Commit to Providing the Right Solution
  355     BNI Greets - Supporting the Development of the Sanur SEZ, BNI Signs Credit Agreement for Hotel Revitalization
  356     BNI Greets - Launching Integration and New Appearance of ATM Link, Minister Erick Asks BNI to Integrate Diaspora
  357     BNI Greets - Reducing Pollution in Jakarta, Erick Plants 100 Thousand Trees Through the Mutual Cooperation Program to Bring Trees
  358     BNI Greets - Pancasila Unifying the Nation Towards an Advanced Indonesia
  359     BNI Greets - BNI CorpU TV Knowledge Supplement: Launching BNI Smarter Wholesale Corner
  360     BNI Greets - BNI Helps Ministry of Education and Culture Distribute More than IDR 1.8 T of PIP Funds
  361     BNI Greets - Bank Muamalat and BNI Collaborate on BNI TapCash Balance Top-up Services
  362     BNI Greets - User Satisfaction Survey (USS) Wave-2 2023
  363     BNI Greets - BNI CorpU TV Knowledge Supplement: Coronary Heart Disease
  364     BNI Greets - BNI Batik Air Travel Fair
  365     BNI Says Greetings - So Investors Hurry, BBNI Shares Set All-Time Record
          BNI Greets - BNI CorpU TV Knowledge Supplement: BNI's ESG (Environmental, Social, and Governance) and BUMI Program as a Form of
  366
          BNI's Support for Achieving a Green Economy
  367     BNI Greets - BNI x INACRAFT 2023
  368     BNI Greets - BNI Fully Supports the Batik Palace Performance to Commemorate National Batik Day
  369     BNI Says Greetings - BBNI Stock Split Process Records Highest Record of All Time According to Observers
  370     BNI Greets - Webinar "BNI Encourages MSMEs to Go Global"
  371     BNI Greets - Inacraft On October 2023, BNI Invites MSMEs to Go Global
  372     BNI Greets - Knowledge Supplement BNI CorpU TV : Race Talk Series : Elevate Bank Performance Through PMS 3D
  373     BNI Greets - Proactive Commitment in the Carbon Exchange, BNI Purchases 40,000 Carbon Units
  374     BNI Greetings - Information regarding BNI Stock Split
  375     BNI Greets - BNI CorpU TV Knowledge Supplement "Customer Protection to Elevate Customer Experience"
  376     BNI Greets – BNI BUMN Houses Presents Sustainable MSMEs at Inacraft On October 2023
          BNI Greets - Knowledge Supplement BNI CorpU TV : Charting 50 Years of Indonesia-South Korea Diplomatic Relations: Strategy to Seize
  377
          Future Prospects
  378     BNI Greets - 75% Cashback Pay & Buy Electricity Tokens in Mobile Banking with BNI Credit Card
  379     BNI Greets - BNI Batik Travel Fair
  380     BNI Greets - BNI Showcases Digital Banking Transformation and Innovation at Experience Indonesia London 2023
  381     BNI Says Greetings - Carrying out Go Global Mission, Foreign Exchange from BNI Exports Increases 66%
  382     BNI Greets - Have a BNI Batik Air Co-Brand Debit Card
  383     BNI Says Greetings - Unite to Build the Nation with ORI024!
  384     BNI Greets - User Satisfaction Survey (USS) Wave-2 2023
  385     BNI Greets - BNI Employee Housing Program: Quality Collaboration with Ciputra Developer
  386     BNI Greets - BNI Investor Daily Summit 2023 "Sustainable Growth, Global Challenges"
  387     BNI Greets - Power Lunch Money Talks: Building Digitalization of Financial Services for Workers at IKN
  388     BNI Greets - BNI CorpU TV Knowledge Supplement: Symptoms, Diagnosis and Therapy in Stroke Cases
          BNI Greets - BNI CorpU TV Knowledge Supplement: Padjadjaran University Public Lecture: "Transformation of Digital Services in the World
  389
          of Banking"
  390     BNI Greets - BNI Investor Daily Summit 2023
  391     BNI Greets - Supporting MSMEs, BNI Builds Synergy with Amartha
  392     BNI Says Greetings - Prosperity in Old Age, It's Not a Question of Let It Be Later, But How It Will Be
  393     BNI Greets - Watch the BNI Investor Daily Summit 2023, the Largest Economic and Investment Forum in Indonesia
  394     BNI Says Greetings - Through BNI Xpora, Hundreds of MSME Products Enter the Dutch Market
  395     BNI Greets - BNI Investor Daily Summit 2023, this is President Jokowi's message
  396     BNI Greets - BNI Investor Daily Summit 2023, BNI President Director is Optimistic that Indonesia's Economy is Getting Stronger
  397     BNI Greets - BNI Investor Daily Summit 2023, BNI Strengthens Digital Economic Development
  398     BNI Greets - BNI Investor Daily Summit 2023, BNI President Director Calls Indonesian Banking Resilient
  399     BNI Greets - Staff Get Discount Bancassurance Program




                                                                                                 Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   945
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          2023                      Management                       Company                       Management Discussion and              Business Support
      Performance                     Report                          Profile                    Analysis on Company Performance             Functions




        No.                                                                     Subject E-mail
         400    BNI Greets - The Most Beautiful Investment Conference, BNI Investor Daily Summit 2023 Encourages a Sustainable Economy
                BNI Greets - BNI Investor Daily Summit 2023, Government Encourages Strengthening the Digital Economy and Creating Young
         401
                Entrepreneurs
         402    BNI Greets - BNI Investor Daily Summit 2023, Total BNI Green Bond Emission Reduction Reaches 230 Thousand Tons of CO2 per Year
         403    BNI Greets - Strengthening Business in the Eastern Indonesia Region, BNI Collaborates with Bank Sulselbar
         404    BNI Greets - BNI and BEI Launch Capital Market Literacy and Inclusion for 10,000 Banking Industry Employees
                BNI Greets - Accelerating Credit and Profit Growth, While Continuing to Prioritize Prudential Aspects in Risk and Liquidity Management in the
         405
                Midst of Macroeconomic and Geopolitical Dynamics
         406    BNI Greets - "Money Talks Power Lunch": BNI President Director Explains Strategy to Maintain Performance Amidst Global Uncertainty
         407    BNI Greets - Improving Community Welfare, BNI Strengthens Tourism Village Development
         408    BNI Greets - BNI Overseas Office Credit Grows 10.8%
         409    BNI Greets - 4 Years of Leadership of the Minister of BUMN, Here is BNI's Corporate Action
         410    BNI Greets - Knowledge Supplement BNI CorpU TV : Global Mindset Series #4 : How Does the World See Indonesia
         411    BNI Greets - Knowledge Supplement BNI CorpU TV: Healthy Talk Series Healthy Living with Balanced Nutrition
         412    BNI Greets - 2023 U-17 World Cup Ticket Promo
         413    BNI Greets - 2023 End of Year Foreign Transaction Program
                BNI Greets - Webinar on the Role of Services in Mitigating Operational Risk and Maintaining Company Reputation and Graduation Frontliner
         414
                Academy Season 1
         415    BNI Greets - Collaboration for the Earth, BNI & WWF Indonesia launches the new face of the BNI-WWF Credit Card
         416    BNI Greets - Digital Banking Pioneer, BNI Strengthens API Services
         417    BNI Says Greetings - BNI Collaborates with UNHAS Expansion of Campus Financial Ecosystem Program collaboration
         418    BNI Greets - A Card For A Change, A Hope For Nature
         419    BNI Greets - BNI CorpU TV Knowledge Supplement: Facing Challenges "Practical Tips for Managing Stress in Career and Personal Life"
         420    BNI Greets - Enliven FIFA World Cup U-17, BNI Gives Ticket Purchase Promo Up to 30%
         421    BNI Greets - Bringing the Spirit of Going Global, BNI Indonesian Masters Ready to Be Held
         422    BNI Says Greetings - Order ST011 Now on BNI Mobile Banking
         423    BNI Greets - BNI Indonesia Masters is Tight, Gaganjeet Bhullar Leads Position
         424    BNI Greets - BNI Indonesian Masters 2023, Kevin Akbar Passes the Cut Off
         425    BNI Greets - Third Round of BNI Indonesian Masters, Puig Soars and Jonathan Secures Position
         426    BNI Greets - BNI-Ministry of Health Provides Equipment Assistance for doctorSHARE Floating Hospital
         427    BNI Greets - Tri Pakarta is Increasingly Competitive in the Insurance Industry
         428    BNI Says Greetings - Let's Go Kaliber - Dec 2023
         429    BNI Greets - BERANI (Boosting Merchant Business Performance)
         430    BNI Greets - Successfully Developing Digital Banking Services, BNI API Portal Won DevPortal Awards 2023
         431    BNI Greets - BNI Participates in the 2023 Public Expose Live Event
         432    BNI Greets - BNI Supports Trisakti Technopreneurship Towards a Green Campus
         433    BNI Greets - LPS #DiIndonesia Travel Fair 2023
         434    BNI Greets - BNI x IMBEX 2023
         435    BNI Greets - BNI Encourages Movement of Indonesian Tourists at LPS #DiIndonesiaAja Travel Fair 2023
         436    BNI Greets - Share Your Experience WIth Wholesale Corner
         437    BNI Greets - PROJECT MANAGEMENT - Agile Way to Prepare New Year's Resolution Mindset
         438    BNI Says Greetings - BNI Spreads Attractive End of Year Promos, Holidays Become More Economical
         439    BNI Greets - Success in Financial Aspect and Social Impact, BNI Received the Best CEO of The Most Sustainable Bank Award
         440    BNI Greets - End of Year December Promo (PDKT)
         441    BNI Says Greetings - Successfully Facing Crisis, BNI Won 5 Awards
         442    BNI Greets - Optimizing End of Year Momentum, BNI Encourages Development of the MSME Segment


      In addition, the number of BNI Greeting SMS in 2023 will be 62 (sixty-two) times. The following is a list of BNI Greeting




946   From Local to Global
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          Practices           Governance                  Responsibility               Commitment                    Statements




SMS topics in 2023:

 No.     Date                                                                      Narrative
                             BNI Hi-Movers, Record! Reaching IDR 18.31 Trillion, BNI Recorded Highest Profit in History, Read more at tinyurl.com/
 1       January 26, 2023
                             LabaBNI
                             BNI Hi-Movers, let's get busy & watch AFGAN @GelegarRejeki BNI #GaPakeNanti at TP 3 Surabaya/BNI YouTube
 2       January 27, 2023
                             tomorrow at 19.00 WIB! bit.ly/gelegar-rejeki-sby
                             BNI Hi-Movers, Come on, Support the Indonesian Badminton National Team in Continuing the Struggle at the 2023
 3       January 28, 2023
                             Indonesia Masters, more details at tinyurl.com/indonesiamster
                             BNI Hi Movers! Pre-Order Samsung Galaxy S23 Series 5G! Discount up to IDR 1 million +0% up to 24 months with
 4       February 03, 2023
                             BNI KK until 23Feb23. Collaborating merchants click bit.ly/bnigalaxys23 .T&K.1500046
                             BNI Hi-Movers, how do banks monitor the economy & downstream programs? Come on, spill this afternoon at 12.15
 5       February 16, 2023
                             at cnbcindonesia.com/tv
                             BNI Japan Airlines Travel Fair! To Japan starting from IDR 8.1 million, 0% up to 12 months, & other benefits. Kota
 6       February 23, 2023
                             Kasablanka 24-26 Feb 2023 T&C bit.ly/bnijaltravelfair
 7       February 25, 2023   BNI Hi-Movers, want free tickets to see Raisa's concert? Check here tinyurl.com/youraisa
                             BNI Hi-Movers! Get Cashback of up to 7.7 million + 0% installments up to 12 months with BNI Credit Card at
 8       March 01, 2023
                             INACRAFT at JCC 1-5Mar 23 bit.ly/bniinacraft2023. T&C.1500046
                             Happy Payday BNI Hi-Movers! Enjoy DISCOUNTS up to 50% at selected merchants + 0% installments up to 24 months
 9       March 02, 2023
                             with BNI Credit Card (until 31 March 23). T&C bit.ly/gajianbni2023
                             BNI Hi-Movers, come invest in SR108 & get a bonus of up to IDR 10 million, offer period until March 29 2023 at BNI
 10      March 10, 2023
                             Mobile & Internet Banking. Info: bit.ly/yukinvestSR018
                             BNI Hi Movers, congratulations to the winners of CC Racing 2023 for the January 2023 period. Winner info click the
 11      March 10, 2023
                             link https://bit.ly/Pemenang_CCRACING2023
                             BNI Hi-Movers, Get vouchers up to 1.5 million with BNI Card, TapCash with QRIS BNI Mobile Banking in Senayan City
 12      March 31, 2023
                             The Gracious Ramadan until 7Mei23 bit.ly/bnisencyramadan
                             BNI Hi-Movers, Congratulations to the winners of CC Racing 2023 for the February 2023 period. Winner info click the
 13      April 11, 2023
                             link https://bit.ly/Pemenang_CCRACING2023
                             BNI Hi-Movers, Ensure Customers are Comfortable on Eid Holidays, BNI Operates 86 Outlets and 48 O-Branch, see
 14      April 16, 2023
                             more details at https://tinyurl.com/opsterbatas
                             BNI Hi-Movers, Ready to Fulfill International Banking Services, BNI Introduces KCP MDS KBUMN as a Thematic
 15      April 17, 2023
                             Outlet, see more details at tinyurl.com/KCMedanSatria
                             BNI Hi-Movers, BNI Launches E-Magazine and Homecoming Map, homecoming travel becomes easy & fun with BNI,
 16      April 18, 2023
                             more details at tinyurl.com/emagazine-petamudik
                             BNI Hi-Movers, Transformation Drives Performance, BNI Grows Positively and in Quality in the First Quarter of 2023,
 17      April 19, 2023
                             see more at https://tinyurl.com/PubexBNI23
                             BNI Hi-Movers, Optimizes KCLN Network, BNI Optimistic about International Business Growing Positively, more
 18      May 02, 2023
                             details at tinyurl.com/kclnbni
                             BNI Hi-Movers, Spurring Growth of BNI Direct, BNI Optimizes KCLN Network, see more details at tinyurl.com/
 19      May 10, 2023
                             BNIdirect
                             BNI Hi-Movers, BNI's Fostered Partner Steals Erick Thohir's Attention at the 2023 ASEAN Summit, more at tinyurl.com/
 20      May 15, 2023
                             ktt-Asean
 21      May 15, 2023        BNI HI-Movers, BNI Griya Maintain Positive Growth, Read more at tinyurl.com/GriyaBNI
                             BNI Hi-Movers, Optimizing Passenger Traffic Growth Momentum, Garuda Indonesia Online Travel Fair (GOTF) is Back,
 22      May 20, 2023
                             more details at tinyurl.com/GOTF2023
                             BNI Hi-Movers, want to get an E-Wallet balance of 500 thousand? Come on, cover a song from your Favorite BNI JJF
 23      May 22, 2023
                             2023 Line Up, click tinyurl.com/coverLaguJjf
                             BNI Hi-Movers, let's participate in the User Satisfaction Survey (USS) Wave-1 to improve the quality of Division/Unit
 24      May 22, 2023
                             services, see Survey Link in BNI email
                             BNI Hi-Movers, CASHBACK 500RB buy BNI Java Jazz Festival 2023 tickets via BNI Mobile Banking! For further
 25      May 24, 2023
                             information, click: bit.ly/PromotiketJJF2023
                             BNI Hi-Movers, come invest in ST010 & get a bonus of up to IDR 10 million, offer period until June 7 2023 at BNI
 26      May 25, 2023
                             Mobile & Internet Banking. Info: bit.ly/BNI-ST010
                             BNI Hi-Movers, let's celebrate the BNI Excellence Employee Award 2023 event and support the Finalists at tinyurl.
 27      May 26, 2023
                             com/BEEAward-2023
                             BNI Hi-Movers, let's celebrate the BNI Excellence Employee Award 2023 event and support the Finalists at tinyurl.
 28      May 26, 2023
                             com/BEEAward-2023
 29      May 31, 2023        BNI Hi-Movers, Government Launches New Logo for Archipelago Capital, see more details at tinyurl.com/LogoIKN
                             BNI Hi-Movers, Happy Pancasila Birthday! Join the ceremony tomorrow at 07.50 WIB at tinyurl.com/
 30      May 31, 2023
                             Peringatanlahirpancasila
                             BNI Hi-Movers, let's have fun together at the BNI Java Jazz Festival 2023 while hunting for fun promotions. More
 31      June 03, 2023
                             details at https://tinyurl.com/promoBNIJJf
                             BNI Hi-Movers, BNI-Emirates Travel Fair 9-11Jun23 @Main Atrium, Senayan City! Cashback up to IDR 5Mio, 0%
 32      June 06, 2023
                             Installment, get xtra cashback bit.ly/BNIEMIRATESTF23




                                                                                            Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   947
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          2023                      Management                      Company                     Management Discussion and                   Business Support
      Performance                     Report                         Profile                  Analysis on Company Performance                  Functions




        No.    Date                                                                         Narrative
                                      BNI Hi-Movers, updated with the latest information about BNI. Come on, follow tinyurl.com/followIGQP & download
        33     June 07, 2023
                                      e-Sinergi46 at tinyurl.com/eSin46AS & tinyurl.com/eSin46PS
                                      BNI Hi-Movers, commemorate #3yearsAKHLAK, let's enliven #AKHLAKCultureFestivalBUMN2023 by posting a
        34     July 01, 2023
                                      twibbon on your social media profile picture. Click: tinyurl.com/twibonAKHLAK
                                      BNI Hi-Movers, come & watch the excitement of the BNI 77th Anniversary BNI Soccer match starting at 13.30 at the
        35     July 01, 2023
                                      PTIK Stadium. More at tinyurl.com/BNISoccer
                                      BNI Hi-Movers, curious about what's going on at BNI's 77th Anniversary? Come on, find out the info this afternoon at
        36     July 03, 2023
                                      14.00 WIB at tinyurl.com/HUTBNI77
                                      BNI Hi-Movers, Implementation of the New Way of Working in all head office, regional & branch divisions has been
        37     July 03, 2023
                                      implemented. Info https://tinyurl.com/ImplementasiNwow
                                      BNI Hi-Movers, watch the 77th Anniversary Celebration of BNI Global Reach, Indonesia Pride tomorrow 5 July 2023 at
        38     July 04, 2023
                                      09.00 WIB at tinyurl.com/SyukuranHUT
                                      BNI Hi-Movers, let's install the #BNITwiBORN BNI 77th Anniversary twibbon at twb.nz/twibbonhutke77bni & use the
        39     July 04, 2023
                                      BNI HUT sticker at sticker.ly/s/X6U02I
                                      BNI Hi-Movers, apply for Credit Card Bill Protection Now via BNI Mobile Banking. Get CASHBACK 1 Month Premium,
        40     July 06, 2023
                                      5 to 7Jul23. T&K bit.ly/perlindungan-cc-hutbni77
                                      BNI Hi-Movers, watch the Live Performance Acc Creativity Competition today at 07.30 WIB & vote for your choice, in
        41     July 22, 2023
                                      full at https://tinyurl.com/artcreativity
                                      BNI Hi-Movers, let's enliven the peak of the 77th BNI Anniversary event at BNI Loudfest Vol.2 today at 16.00 WIB, for
        42     July 23, 2023
                                      details click https://tinyurl.com/panduanBNIloudfest
                                      BNI Hi Movers! Enjoy the BNI Cathay Pacific Travel Week promo, cashback up to IDR 2 million & 0% up to 12 months
        43     July 25, 2023
                                      at Cathay Pacific with BNI KK until 30Jul23. Order: bit.ly/CXBNITW
                                      BNI Hi-Movers, Beware of fraud regarding increased transaction fees, here are the steps you must take, in full at
        44     July 26, 2023
                                      tinyurl.com/Hatihatijangancepat
                                      BNI Hi-Movers, BNI Maintains Long-Term Quality Growth Momentum, see more details at tinyurl.com/
        45     July 26, 2023
                                      BNIjagaperbangun
                                      BNI Hi-Movers, come watch BNI Hi-Movers win the championship at the closing ceremony of BUMN Fest 2023 today
        46     August 01, 2023
                                      at 14.00 at www.youtube.com/watch?v=QWuPeS4pAL4
                                      BNI Hi-Movers, come watch the Live Streaming Money Talks Power Lunch with Mr. Royke Tumilaar this afternoon at
        47     August 03, 2023
                                      12.30 WIB at https://www.cnbcindonesia.com/tv
                                      BNI Hi-Movers! Shopping in Kota Kasablanka with a BNI Card can get vouchers up to 350 thousand, you know!
        48     August 08, 2023
                                      Promo valid until 27Aug23. Complete information: bit.ly/bnishoppingfestival
                                      BNI Hi Movers, BNI-Japan Airlines Travel Fair 2023 is back, Cashback up to 3 million, JCB Cashback up to 1 million,
        49     August 10, 2023
                                      Installments 0%. T&Cs. Info: bit.ly/BNIJALTF23. 1500046
                                      BNI Hi-Movers, let's celebrate the 78th Anniversary of the Republic of Indonesia & post your coolest photos using
        50     August 17, 2023
                                      twibbon #BNIDirgahayuRI2023 at the link https://twb.nz/bnitwibbonhutke78ri
                                      BNI Hi-Movers! Come exchange 77 BNI Rewards Points for 1 Starbucks cup at the BNI Grha Lobby & BNI
        51     August 23, 2023
                                      Pejompongan Tower on 23-24 Aug 2023 at 10.00 WIB.Info bit.ly/BRP77Sbux
                                      BNI Hi-Movers, want to win millions of rupiah in prizes? Show your creative videos in the BNIDirect Video
        52     August 24, 2023
                                      Competition, in full https://tinyurl.com/BNIDirectCompetition
                                      BNI Hi-Movers! Come exchange 77 BNI Rewards Points for 1 cup of Starbucks at Lobby Plaza BNI & BNI Jakarta Kota
        53     August 28, 2023
                                      on 28-29 Aug 2023 at 10.00 WIB.Info bit.ly/BRP77Sbux
                                      BNI Hi-Movers, watch the Live Streaming Squawk Box Program with Mr. Royke Tumilaar this morning at 09.35 WIB at
        54     September 01, 2023
                                      https://www.cnbcindonesia.com/tv
                                      BNI Hi-Movers, come on, celebrate National Customer Day by posting your coolest photos using the
        55     September 04, 2023
                                      #BNIHarpelnas2023 twibbon at https://tinyurl.com/harpelnas23
                                      BNI Hi-Movers, enjoy the BNI-Batik Air Online Travel Fair 2023! Cashback up to IDR 1 million & 0% installments on the
        56     September 14, 2023
                                      Batik Air web/apps with BNI Credit Card 11-17Sep23. bit.ly/BBOTF23
                                      BNI Hi-Movers, let's be part of improving communication at BNI & win a prize of IDR 250 thousand for the lucky ones.
        57     September 18, 2023
                                      Fill out the survey at https://s.id/SurveiMediaInternalBNI-2023
                                      BNI Hi-Movers, let's support improving the quality of Division/Unit services by participating in the User Statisfaction
        58     September 29, 2023
                                      Survey (USS) Wave-2, Survey Link see BNI email
                                      BNI Hi-Movers, let's use the twibbon #GotongRoyongBoyongPohon & upload it on your social media at https://tinyurl.
        59     October 01, 2023
                                      com/bnigotongroyong & get @250 thousand for the selected winner!
                                      BNI Hi-Movers, INACRAFT on October 2023, Cashback up to 1.5 million + 0% up to 6 months + Extra cashback up to
        60     October 04, 2023
                                      300 thousand with BNI 4 to 8 Oct 2023 at JCC. bit.ly/INACRAFTOCT23,Info 500046
                                      BNI Hi-Movers! BNI-Batik Air Travel Fair 23! 13-15Oct23 in Kota Kasablanka, Buy1Get1, Cashback & 0% Installments.
        61     October 08, 2023
                                      Apply for a BNI Batik Air Card: bit.ly/BBTF23. T&C
                                      BNI Hi-Movers! BNI-Batik Air Travel Fair 23! 13-15Oct23 in Kota Kasablanka, Buy1Get1, Cashback & 0% Installments.
        62     October 11, 2023
                                      Apply for a BNI Batik Air Card: bit.ly/BBTF23. T&C




948   From Local to Global
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Capital & Risk Management      Good Corporate              Social & Environmental       ESG                      Financial
          Practices             Governance                     Responsibility        Commitment                 Statements




Throughout 2023, the number of BNI Greeting WhatsApp were 23 (twenty three) times. The list of BNI Greet Whatsapp
topics includes the following:
 No.      Date                                                                          Headline
 1        January 25, 2023                      BNI Net Profit IDR 18.31T
 2        February 23, 2023                     Raisa Live In Concert
 3        March 3, 2023                         Happy Pay Day
 4        March 4, 2023                         Happy Pay Day
 5        March 14, 2023                        IKN Logo Competition
 6        March 22, 2023                        E-Imsakiyah Ramadhan 2023
 7        April 5, 2023                         E-Imsakiyah Ramadhan 2023
 8        April 11, 2023                        Blessings in the Month of Ramadan
 9        April 12, 2023                        BUMN Ministry Birthday Twibbon.
 10       April 21 2023                         Eid Al-Fitr 2023
 11       May 10, 2023                          IKN logo
 12       May 26, 2023                          BEE Empoloyee Awards
 13       June 01, 2023                         Kesaktian Pancasila
 14       June 10, 2023                         Download Esinergi 46 dan Quickpose
 15       June 18, 2023                         BNI Empathy Dropbox
 16       June 19, 2023                         Fraud in the name of BNI
 17       July 3, 2023                          NWOW Implementation
 18       July 3, 2023                          BNI 77th Anniversary
 19       July 5, 2023                          BNI 77th Anniversary Promo
 20       July 15, 2023                         Beware of Phishing Scams
 21       September 05, 2023                    ASEAN INDO PACIFIK FORUM
 22       September 06, 2023                    State Owned Enterprise Leader
 23       September 12, 2023                    Internal Media Survey



DISCLOSURE OF PUBLIC INFORMATION

BNI is active in improving public information disclosure services through a team of Information and Documentation
Management Officers (PPID) to customers and the public by optimizing various communication channels while always
prioritizing transparency and accountability in conveying information disclosure to the public as a step in implementing
Good Corporate Governance (GCG).

BNI consistently provides easy access by building digital information service needs such as building awareness on
websites, developing SOPs, financial literacy, empowering Agen46 to disseminate information, integrating service
features, and updating services offline.

With all these achievements, BNI received the title "Informative" in the Public Information Disclosure Award (2023).




                                                                                        Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   949
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          2023                        Management                     Company                       Management Discussion and                     Business Support
      Performance                       Report                        Profile                    Analysis on Company Performance                    Functions




      Implementation Of Anti-Money
      Laundering (Aml) Programs, Prevention
      Of Terrorism Financing (Ptf)
      And Prevention Of Funding For The
      Proliferation Of Weapons Of Mass Destruction

      ORGANIZATIONAL STRUCTURE IN IMPLEMENTING APU PPT AND PPPSPM PROGRAM

      To support the implementation of the APU PPT and PPPSPM program, the Compliance Division has been designated
      as a Special Work Unit (UKK) that responsible to increase APU PPT and PPPSPM Programs and Implementation in BNI.
      Compliance Division reports and directly liable to the Director of Human Capital and Compliance as the Director in
      charge of the compliance function at BNI. Regional Compliance Officers (RCO) in all Regional offices also implements
      the APU and PPT programs. The RCO have the function of supervising the implementation of APU PPT and PPPSPM
      Programs in all Branch Offices of each region, and ensuring that branch operational activities are in accordance with the
      implementation of APU PPT and PPPSPM program. BNI as the holding entity has been supervising the APU PPT and
      PTF Programs in its Subsidiaries continuously through the application of the 5 APU PPT and PPPSPM pillars. The APU
      PPT and PPPSPM organizational structure in 2023 can be seen below:


                                                                                 Compliance Division



                                                                         Overseas Branches
                                                                                                          Anti Money
                         Compliance                Compliance              & Subsidiaries                                          GCG & Compliance
                                                                                                     Laundering & Counter
                    Assurance & Advisory      Assurance & Advisory      Compliance Advisory                                          Management
                                                                                                      Terrorism Financing
                        1 Department              2 Department             & Supervision                                             Department
                                                                                                    (AML CTF) Department
                                                                            Department

                                                                               Overseas
                        Compliance                 Compliance                  Branches                    AML CTF                       GCG &
                                                                             & Subsidiaries
                        Assurance &                Assurance &                                           Development &                 Compliance
                                                                           Compliance Advisory
                         Advisory 1                 Advisory 2               & Supervision
                                                                                                          Supervision                  Management




                                                                                                            AML CTF                      Regional
                                                                                                           Transaction                  Compliance
                                                                                                            Analysis                      Officer




      IMPLEMENTATION OF AML AND CFT PROGRAMS

      BNI has implemented APU PPT and PPPSPM as an effort to                          2. Active Supervision of the Board of Directors and the Board
      prevent and minimize the use of banks as a means of money                          of Commissioners The active supervision of the Board
      laundering and financing the proliferation of weapons of                           of Directors and the Board of Commissioners is very
      mass destruction. The APU PPT and PPPSPM programs                                  necessary to create effective APU and PPT Programs
      implemented by BNI are through:                                                    since the role of the Board of Directors and the Board
                                                                                         of Commissioners will affect the achievement level of
      1. Bank Risk assessment ofTPPU andTCFT using a regular                             the APU and PPT Programs Implementation Goal. The
         risk-based approach (RBA) that is periodically reviewed;                        active supervision also applies to BNI wide network across
                                                                                         all branches and subsidiaries under the same Financial
                                                                                         Conglomerate. The forms of active supervision by the
                                                                                         Board of Directors and Board of Commissioners includes:




950   From Local to Global
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          Practices          Governance             Responsibility                Commitment                  Statements




   a. The approval by The Board of Directors on the                      4. Effective internal control in and the APU PPT and
       designation of the Compliance Division as a Special                  PPPSPM implementation, carried out by:
       Work Unit (UKK) that responsible for implementing                    a. Having adequate APU and PPT policies and
       the APU PPT and PPPSPM Programs;                                         procedures as well as internal monitoring;
   b. The approval by Board of Directors and the Board                      b. b) Having clear authorities and responsibilities for
       of Commissioners for the APU PPT & PPPSPM;                               work units related to the APU PPT and PPPSPM
   c. Evaluate the Policies and Procedures for                                  programs, either through the first line of defense
       implementing the APU PPT and PPPSPM programs;                            (risk taking units), second line of defense and third
   d. Periodic reports (monthly, quarterly and semi-annually)                   line ofdefense; and
       regarding reporting obligations and implementation                   c. Conducting inspections by the Internal Audit to
       of the APU PPT and PPPSPM Programs to the Board                          ensure the APU PPT and PPPSPM Programs are
       of Directors and Board of Commissioners;                                 effectively implemented.
   e. Board of Directors approval of the Plan and                           d. Follow up on all internal and external audit results
       Realization Report on Updating Customer Data;                            related to the implementation of APU PPT and
   f. Meeting of the Board of Directors and Board of                            PPPSPM in accordance with the specified time; And
       Commissioners to discuss the implementation of                       e. Improving the quality of customer data and reporting
       the APU PPT and PPPSPM Programs.                                         analysis to regulators in accordance with regulations
3. There are Policies & Procedures prepared by the                       5. Information Management System
   Compliance Division and periodically reviewed/updated/                   BNI has been developing information system
   improved in accordance with applicable regulations.                      technology continuously to optimize APU PPT and
   To strengthen the implementation of the APU PPT                          PPPSPM transaction monitoring program, including:
   and PPPSPM programs, procedures for each banking                         a. Improving the systems and supporting applications
   product and activity are also regulated in procedures for                    for Anti Money Laundering Detection System,
   implementing APU PPT and PPPSPM, in order to identify                        Filtering & Screening Terrorist (DTTOT List), PEP
   and assess the risk of money laundering crimes and/or                        Screening Detection and Customer Due Diligence
   terrorist financing crimes for each product and activity.                    (CDD) Risk Scoring, as a batch or real time, in the
   To ensure that the implementation of the APU PPT and                         BNI AML System. The BNI AML System is used
   PPPSPM programs is running as it should, supervision                         to support a better Know Your Customer (KYC)
   is carried out by the Compliance Division. Policies and                      Principle, particularly in detecting/monitoring
   procedures for implementing the APU PPT and PPPSPM                           customer transactions that have suspicious patterns
   programs include, among other things, regulating:                            on behavior and transaction for money laundering,
   a. Active supervision of the Board of Directors and                          and the financing of terrorism, and the financing of
       Board of Commissioners;                                                  the proliferation of weapons of mass destruction.
   b. Customer Due Diligence Procedures (CDD) and/or                        b. Developing and improving the Suspect Account to
       Enhanced Due Diligence (EDD) against Prospective                         Verify (SAV) system.
       Customers/Beneficial Owners (BO) and Walk in                         c. Developing a Walk in Customer application system.
       Customers (WIC), including ensuring the Potential                    d. Developing a Politically Exposed Person (PEP) data
       Customers/Customers/Beneficial Owner (BO)                                utilization PPATK application.
       and Walk in Customers (WIC) is out of the list of                    e. Developing a KYC on Board application to filter and
       suspected terrorists and terrorist organizations                         screen prospective customers against the Terrorist
       (DTTOT) and/or the list of weapons proliferation of                      Data/Terrorist List (DTTOT), the List of Proliferation
       mass destruction (DPPSPM); and other watchlist                           of Weapons of Mass Destruction (PPSPM), PEP List,
       lists (OFAC List, UN List);                                              OFAC List, UN List and Fraudulent List.
   c. The Implementation of the APU PPT and PPPSPM                          f. Developing a internal application system to support
       Programs based on a Risk-Based Approach;                                 the reporting obligations in accordance with the
   d. Procedures for Customer Profile and Transactions                          PPATK goAML reporting format and requirements.
       Monitoring;                                                          g. Developing the goAML interface system to support
   e. The implementation of Fund Transfer Procedures;                           the reporting obligations that have been adjusted
   f. Administrating Customer Documents and                                     to the GoAML provisions.
       Transactions;                                                        h. Developing PPATK’s SuspectedTerrorism Financing
   g. The Implementation of APU PPT and PPPSPM                                  Information System (SIPENDAR);
       Programs across Branches and Subsidiaries                            i. Developing Filtering & Screening Terrorist (DTTOT
       Networks under the same Financial Conglomerate;                          List), PEP Screening Detection for digital account
   h. Internal control; and                                                     opening.
   i. Human Capital and Training.




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      Performance                Report                    Profile            Analysis on Company Performance          Functions




      6. Human Capital and Training                                        a. Discussion Forum for the Board of Directors
         BNI conducts training, socialization and reminder of                  and Board of Commissioners regarding the
         the implementation of APU PPT and PPPSPM Programs                     implementation of the integrated APU PPT and
         to officials and/or for all employees continuously. The               PPPSPM Program;
         training methods are as follows:                                  b. Monitoring the implementation of the APU PPT
         a. Training, both in person or virtually, including:                  and PPPSPM Programs for Subsidiaries and
             • Electronic/Online base training, that is training               Foreign Offices through regular periodic reports
                through APU PPT and PPPSPM e-Learning on                       and providing feedback on the reports submitted;
                BNI Smarter, with a minimum passing grade,                 c. Implementation of supervision in the form of One
                equipped with Pre Test and Post Test for all                   on One meetings to discuss the implementation of
                participants, Learning Videos, Webinars and                    the AML-CFT and PPPSPM Programs for Subsidiaries
                Podcasts.                                                      and Foreign Offices on a quarterly basis; and
             • Face-to-face training, that is training provided            d. Review of the Foreign Office's APU PPTand PPPSPM
                to Prospective New Employees (ODP), certain                    program policies and procedures in accordance
                divisions/units (including operational, IT, Custody,           with applicable regulations.
                overseas business, Cross Border Correspondent          10. Taking an active role in programs and activities under
                Banking).                                                  the APU PPT and PPPSPM regime organized by the
         b. Supervision and Socialization of the APU and PPT               regulator/government, including:
             Program at sampled Branch (based on the results               a. Preparing the National Risk Assessment (NRA) of
             of the Branch Risk Rating assessment), related Units              Money Laundering and Terrorist Financing Risk
             and Divisions.                                                    Assessment and Sectoral Risk Assessment (SRA);
         c. Implementation of APU PPT and PPPSPM                           b. Implementing the Financial Integrity Rating for
             refreshment programs for the Board of                             Money Laundering and Terrorist Financing (FIR on
             Commissioners and Directors of BNI as well as                     ML/TF) for Banks;
             Subsidiary Companies.                                         c. Supporting the draft of FSA Regulation concerning
         d. Increasing employee awareness and competency                       the Implementation of the APU and PPT Programs
             by delivering reminder letters regarding typologies,              in the financial services sector;
             the latest modes and lessons learned related to               d. Play an active role in surveys and assessments
             APU PPT to all Branch Offices, Regions, Divisions,                of PPATK performance effectiveness indices
             Units and Units.                                                  Effectiveness Performance Index Survey and
      7. Implementing programs to improve the quality                          Evaluation in the effort to prevent and eradicate
         of customer data by applying the Completeness,                        TPPU and TPPT;
         Consistency and Composite methods to strengthen                   e. Bank resource person/piloting for APOLO, Go AML
         the Single Source of Truth (SSOT) aspect through                      reporting;
         customer data quality improvement programs, a.l.                  f. Appointed as Team Tactical Hub – INTRACNET for
         improving data governance policies, implementing                      the National Public Private Partnership (PPP) project,
         the Data Quality Index (DQI) and implementing Master                  which directly contributes to the preparation of
         Data Management towards creating a Single View of                     Operational Alert on Fraud with the Business Email
         Customer;                                                             Compromise (BEC) Narcotics Crime and Investment
      8. Establish and foster active cooperation and coordination              Fraud;
         with regulators and Law Enforcement Officials,                    g. Appointed as Co Lead for the Green Financial Crime
         especially in fulfilling requests for customer data and/              (GFC) project;
         or information as well as providing information in                h. Participating in 2 Decades of AML and CFT
         efforts to prevent and eradicate the crime of money                   Movement activities in Indonesia, including: tree
         laundering, preventing the financing of terrorism and                 planting event in the Anyer area, Talkshow and
         preventing the financing of the proliferation of weapons              Publication of the “AML and PTF” edition ofTapcash.
         of destruction. Bulk;                                             i. Participate in the activities of the National Movement
      9. Implementation of the APU PPT and PPPSPM Programs                     for 21 (twenty one) Years of the APU PPT Regime
         in Subsidiary Companies and Foreign Offices. As a                     in Indonesia, publishing the " AML-CFT" and PPATK
         form of responsibility for Banks that have office                     Mengajar editions of Tapcash;
         networks both at home and abroad as well as within                j. Participation in the Collaborative Analysis Team
         the framework of the BNI Financial Conglomeration,                    (CAT) related to the 2024 General Election and
         to ensure that the implementation of APU PPT and                      Regional Head Election; And
         PPPSPM is effective, the Compliance Division also                 k. Implementation of research/in-depth study activities
         supervises the implementation of the APU PPT and                      related to the 2024 General Election by PPATK.
         PPPSPM Programs through:




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          Practices          Governance             Responsibility                Commitment                  Statements




                                                                                   Protection Of
                                                                                Creditors’ Rights
BNI has implemented an honest and transparent information                BNI always ensures the fulfillment of rights and maintains
disclosure system with equal treatment for all creditors                 creditors’ trust in the Bank. BNI guarantees that the
without any discrimination to protect creditors’ rights. This            creditor’s rights are carried out properly, as outlined in the
is in line with one of the ASEAN Corporate Governance                    agreement agreed by both parties. As part of the creditor
Scorecard Governance principles.                                         rights, the Bank carries out its obligations as agreed in a
                                                                         timely manner and strives to avoid delays or negligence
Through information disclosure, all creditors and business               that could potentially cause losses to both parties.
partners can obtain relevant information based on to their
needs so that all parties can make objective decisions based
on fair, reasonable and accurate considerations.




                                                                  Anti-Gratification
                                                               & Anti-Bribery Policy
BNI always prioritizes Good Corporate Governance and the                 5. Mapping the vulnerable points of receiving and giving
Code of Conduct, including implementing the Gratification                   gratification.
Control and Anti-Bribery Management System (SMAP).                       6. Monitoring and evaluating the implementation of
As an initial stage in establishing the Gratification Control               gratification control at BNI.
Unit (UPG), an Anti- Gratification Commitment was signed                 7. Carrying out advisory and socialization functions within
between the BNI President Director and the Chair of the                     BNI.
Corruption Eradication Commission (KPK) on October 17,                   8. Coordinating with related units at BNI in order to carry
2016. Since that date, BNI has implemented Gratification                    out their duties and responsibilities as a gratification
control in its operational activities, including reporting                  control unit in BNI.
Acceptance/Rejection of Gratification that is reported to BNI            9. Storing gratification goods and/or gratification gifts
UPG through the Online Gratification application (GOL).                     and forwarding them to the Corruption Eradication
                                                                            Commission or delivering them back to the complainant
The UPG assigned to the Compliance Division is responsible                  in accordance with the decisions issued by the KPK
for:                                                                        and/or UPG.
1. Preparing a rules, technical instructions and other
     similar requirements to support the implementation                  In order to improve control over gratification and anti-
     of gratification control;                                           bribery, BNI appointed the Compliance Division as manager
2. Receiving, analyzing, and administering reports of                    of the Anti-Bribery Management System (SMAP). After
     acceptance and rejection of gratification. If necessary,            going through several stages of ISO 37001: 2016 certification
     the UPG may request information from the recipient                  regarding SMAP, on August 11, 2020 BNI obtained ISO
     of the gratuity regarding the completeness of the                   37001: 2016 certification for the Procurement of Goods
     gratification report.                                               and Services, since February 9, 2022 the scope has been
3. Continuing the report on receipt of gratification to the              expanded to the Corporate Credit Segment and in 2023,
     Corruption Eradication Commission in accordance with                the scope of ISO 37001:2016 certification will be expanded
     applicable regulations.                                             to Pension Fund Activities. Obtaining this certification
4. Delivering the results of the gratification report                    demonstrates that the gratification, bribery (anti-bribery)
     management and proposed gratification control policies              and whistleblowing system control systems at BNI are well
     to the management/directors.                                        managed in accordance with international standards and
                                                                         practices set by ISO.



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      Performance                     Report                                    Profile                     Analysis on Company Performance                    Functions




      Furthermore, since December 2018, all BNI employees can report gratification through the Compliance Information
      Management System (CIMS) portal, which is integrated with the KPK Gratification Online (GOL) application, in an effort
      to digitize paperless gratification reporting at BNI.

                            Online report via the Compliance
                            Information Management System
                           (CIMS) portal within a maximum of                                                            Classification & Verification    KPK
                                    10 working days                                   Analysis &                           by KPK CLARIFY TIME          Decree
                                                                                      Verification



                                                                 UPG

                                                         Gratification Control Unit
           BNI Hi-Movers




                                                                                                                                   Owned by the State            Owned by BNI or
                                                                                                                                                                  Reporting Party

      SOCIALIZATION OF ANTI-GRATIFICATION POLICY, GRATIFICATION REPORTING & ANTI-BRIBERY


      BNI carries out socialization and education regarding                                              Anti-Corruption Day (HAKORDIA) to internal and external
      Gratification & Anti-Bribery through webinars, the BNI                                             parties through video and digital banners at the BNI Office
      website, print media, and internal media including BNI                                             and BNI website.
      Forum, BNI Digi-HC, BNI Menyapa e-mail, Instagram                                              8. Socialization of the Corruption Prevention Guide (CEK) of
      Quickpose, and Instagram BNI46. The activities carried                                             the KPK to all BNI subsidiary companies with the resource
      out by UPG BNI during the 2023 period are as follows:                                              person, the Director of Anti-Corruption for Business
      1. Declaration of Gratification and Anti-Bribery at DigiHC                                         Entities (AKBU) of the KPK, Mr. Aminudin, on May 23 2023.
         BNI as a commitment of all BNI employees regarding                                          9. Socialization of anti-corruption activities and violation
         compliance with gratification control.                                                          reporting media at BNI through the Whistleblowing
      2. Reporting of acceptance and rejection of gratuities in 2023                                     System (WBS) on video and posters displayed at the 2023
         to all BNI employees as a form of transparency broadcast                                        HAKORDIA Commemoration at Istora Senayan Jakarta.
         through the BNI Forum.                                                                          BNI received appreciation as the Participant with the Best
      3. Implementation of gratuity reporting appreciation in June                                       Booth at the 2023 HAKORDIA implementation.
         2023 in the form of an Award Charter given to 62 (sixty                                     10. Appeal to the Board of Directors, Board of Commissioners,
         two) active gratification reporters during 2022 with a total                                    and all Divisions/Units/Units not to give/receive gratuities
         of 295 reports.                                                                                 related to religious holidays (Imlek, Eid al-Fitr and
      4. Socialization by the Gratification Control Unit includes:                                       Christmas) and New Year which are also broadcast via
         a. Socialization of Gratification Control and SMAP                                              the BNI Forum which can be accessed by all employees
              to Outsourced Personnel (TAD), Bina BNI Officer                                            as well as to BNI stakeholders through posters, the BNI
              Development Program (ODP), Secretary of Directors,                                         website and national mass media.
              Personal Assistant to Directors and Protocol.                                          11. An appeal for prohibiting the use of official facilities for
         b. Sharing Session on Gratification Control and SMAP                                            personal gain to all organizations, this is in line with the
              Implementation with all Subsidiary Companies as the                                        KPK circular to avoid potential conflicts of interest in the
              BNI Financial Conglomerate.                                                                implementation of company operational activities.
         c. Sharing Session on Gratification Control and SMAP                                        12. An appeal to prohibit receiving and giving gratifications
              Implementation as a follow-up to the benchmarking                                          related to BNI's 2023 anniversary celebrations to all
              invitation of PT Pegadaian on July 7 2023 and PT                                           Divisions/Units/Units which was also broadcast through
              Telkom Indonesia (Persero) Tbk on June 14 2023.                                            the BNI Forum as a reminder of the implementation of
      5. Reminder of reading the Integrity Pact at the time of                                           gratification control and SMAP at BNI.
         signing the Credit Agreement as an effort to inform                                         13. Acceptance of Anti-Corruption Instructor (PAKSI)
         and commit BNI regarding Gratification Control from                                             competency certificates from LSP KPK to 16 (sixteen)
         stakeholders, in this case debtors.                                                             BNI employees as one of the driving forces of the Anti-
      6. Submission of a Compliance Reminder (CORE) with the                                             Corruption program at BNI.
         theme "Gratification Reporting" which was broadcast at                                      14. Mandatory E-Learning on Gratification Control and
         the BNI Forum in January 2023.                                                                  SMAP at BNI SMARTER in video form which has been
      7. Socialization of SMAP and Commemoration of World                                                accessed and completed by 25.356 BNI employees.
                                                                                                     15. Implementation of SMAP Recertification with audit
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    results containing no major or minor findings, thus               GRATIFICATION REPORT 2023
    showing BNI's commitment and consistency regarding
    the implementation of SMAP.                                       The acceptance/rejection of gratification report is
                                                                      submitted by the reporter (BNI employee) to UPG BNI
GRATIFICATION CONTROL MONITORING                                      in the Compliance Division, and then forwarded to KPK
& EVALUATION BY KPK                                                   through the Online Gratification (GOL) application. Reports
                                                                      of acceptance/rejection of gratification submitted by the
BNI’s Gratification Control Unit (UPG) reports the                    Reporting Party have been forwarded to the KPK within an
Gratification Control Program results to the Corruption               average reporting period of no later than 2.26 working days
Eradication Commission (KPK) on a quarterly basis, then               from the deadline of 30 working days. In 2023 gratification
the KPK conducts an assessment of gratification control               reports to UPG an increase/decrease in the amount of
based on 6 predetermined criteria                                     gratification reporting to UPG has increased by 8% from
1. Internal Dissemination;                                            295 reporting in 2022 to 320 reporting in 2023.
2. External Dissemination;
3. Identification of Risks/Points Prone to Gratification;
4. Risk Mitigation;
5. Innovation; and
6. Handling Gratification Reporting.

In 2023, BNI UPG received the maximumTotal Gratification
Control Program Implementation Score (PPG), namely
100 and received a Certificate of Appreciation from the
Corruption Eradication Committee as the UPG with the
highest score in the BUMN/BUMD/Subsidiary category
based on the Monitoring and Evaluation Results of the
2022 Gratification Control Program cfm. Certificate of
Appreciation No. PPG/23-03/APRESIASIMONEV/8 March
3, 2023.




                                                                                  Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   955
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      Performance                  Report             Profile         Analysis on Company Performance          Functions




      Disclosure Of Information On Board Of
      Commissioners and Board Of Directors
      Share Ownership and Its Application

      Based on OJK Regulation No. 11/POJK.04/2017 concerning Reports
      of Ownership or Any Changes in Ownership of Public Company
      Shares, Members of the Board of Directors or members of the
      Board of Commissioners must report to OJK any ownership and any
      change in ownership of Public Company shares, either directly or
      indirectly. The said report must be submitted no later than 10 (ten)
      days after the occurrence of ownership or change.




      Information concerning reports on share ownership of members of the Board of Directors and members of the Board
      of Commissioners in 2023 can be seen as follows:

                                              Share Ownership   Share Ownership
        Name                 Position         December 31,      December 31,              Transaction
                                              2022              2023)                                   Number Of Shares
                                                                                          Description

        Board of Commissioners
                             President
        Agus Dermawan
                             Commissioner/
        Wintarto                              0                 0                    -                  -
                             Independent
        Martowardojo3)
                             Commissioner
                             Vice President
                             Commissioner/
        Pradjoto4)                            0                 0                    -                  -
                             Independent
                             Commissioner
        Pahala Nugraha       Vice President
                                              0                 0                    -                  -
        Mansury5)            Commissioner




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          Practices           Governance           Responsibility                Commitment                      Statements




In addition to the OJK reporting requirements, members                  Guidelines and Work Procedures for the PT Bank Negara
of the Board of Directors and members of the Board of                   Indonesia (Persero) Tbk. Board of Commissioners, and the
Commissioners are also required to submit information                   Board of Directors Decree No. KP/228DIR/R dated June 29,
to the Public Company regarding ownership and any                       2018 concerning Improvement to the Board of Directors’
changes in their ownership of Public Company shares.                    Work Guidelines and Rules.
This information should be submitted no later than 3 (three)
working days after the occurrence of ownership or any                   During 2023, there was changes in ownership of the
change in ownership of Public Company shares. Within the                Company's shares owned by members of the Board of
Company, members of the Board of Directors and members                  Directors and Non-Independent members of the Board
of the Board of Commissioners convey this information                   of Commissioners that had been submitted to OJK in
to the Corporate Secretary no later than 3 (three) working              accordance with the provisions of OJK Regulation No. 11/
days after the ownership occurs.                                        POJK.04/2017 concerning Reports of Ownership, or Any
                                                                        Changes in Ownership of Public Company Shares.
The policy regarding the obligations of members of
the Board of Directors and members of the Board of
Commissioners to submit information regarding ownership
and any changes in share ownership of the Company’s
shares is regulated in the Board of Commissioners Decree
No. KEP/049/DK/2017 dated October 26, 2017 concerning




          Change Of Share Ownership
                                                                                           Date Of                Date Of          Share
                                                                        Transaction
                  Transaction Purpose                Price                               Reporting To           Reporting To     Ownership
                                                                           Date
                                                                                        The Company                OJK            Status



 -                                               -                 -                   -                    -                   -




 -                                               -                 -                   -                    -                   -



 -                                               -                 -                   -                    -                   -




                                                                                      Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   957
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      Performance                   Report                          Profile             Analysis on Company Performance            Functions




                                                         Share Ownership      Share Ownership
        Name                   Position                  December 31,         December 31,                    Transaction
                                                         2022                 2023)                                         Number Of Shares
                                                                                                              Description

                               Independent
        Sigit Widyawan6)                                 0                    0                        -                    -
                               Commissioner


                                                         340,063              809,086
        Askolani               Commissioner                                                            Transfer             128,960 shares
                                                         shares/0.0018235%    shares/0.0021693%



                                                                              43,484
        Fadlansyah Lubis       Commissioner              0                                             Transfer             43,484shares
                                                                              shares/0.0001166%


                               Independent
        Asmawi Syam                                      0                    0                        -                    -
                               Commissioner
                               Independent
        Iman Sugema                                      0                    0                        -                    -
                               Commissioner


                                                         252,817 shares/
        Susyanto               Commissioner                                   634,594                  Pengalihan           128,960 shares
                                                         0.0013557%


                               Independent
        Septian Hario Seto                               0                    0                        -                    -
                               Commissioner
                               Independent
        Erwin Rijanto Slamet                             0                    0                        -                    -
                               Commissioner


                                                                              42,400 shares/
                                                         0                                             Investment           22.200 shares
                                                                              0.001137%

        Robertus Billitea7)    Commissioner

                                                         0                                             Investment           22.200 shares


        Board Of Directors

                                                         399,539              1,115,346
        Royke Tumilaar         President Director                                                      Transfer             316,628 shares
                                                         shares/0.00214%      shares/0.0029904%



                                                                                                       Transfer             248.642 shares

                                                         641,532              905.706
        Adi Sulistyowati       Vice President Director
                                                         shares/0.00344%      lembar/0,0024283%

                                                                                                       Sale                 662,000 shares



        Novita Widya                                     399,607              948,044
                               Finance Director                                                        Transfer             268,830 shares
        Anggraini                                        shares/0.00182%      shares/0.0025419%




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          Practices               Governance                      Responsibility                  Commitment                    Statements




          Change Of Share Ownership
                                                                                                          Date Of                Date Of          Share
                                                                                       Transaction
                  Transaction Purpose                               Price                               Reporting To           Reporting To     Ownership
                                                                                          Date
                                                                                                       The Company                OJK            Status

 -                                                              -                 -                    -                   -                   -

 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                                IDR9,037.19,-     August 14, 2023      August 14, 2023     August 22, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                                IDR9,037.19,-     August 14, 2023      August 14, 2023     August 22, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks

 -                                                              -                 -                    -                   -                   -


 -                                                              -                 -                    -                   -                   -

 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                                IDR9,037.19,-     August 14, 2023      August 14, 2023     August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks

 -                                                              -                 -                    -                   -                   -


 -                                                              -                 -                    -                   -                   -

 In order to comply with the provisions of Article 2 of the
 Financial Services Authority Number 11/OJK.04/2017
                                                                IDR8,850,-        May 22, 2023         May 22, 2023        May 31, 2023        Direct
 concerning Ownership Reports or Any Changes in
 Ownership of Public Company Shares
 In order to comply with the provisions of Article 2 of the
 Financial Services Authority Number 11/OJK.04/2017
                                                                IDR8,900,-        July 27, 2023        July 27, 2023       August 07, 2023     Direct
 concerning Ownership Reports or Any Changes in
 Ownership of Public Company Shares


 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                                IDR9,037,19,-     August 18, 2023      August 14, 2023     August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                                IDR9.037,19,-     August 14, 2023      August 14, 2023     August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks
 In order to comply with the provisions of Article 2 of the
 Financial Services Authority Number 11/OJK.04/2017                               December 21,         December 21,        December 28,
                                                                IDR5,200,-                                                                     Direct
 concerning Ownership Reports or Any Changes in                                   2023                 2023                2023
 Ownership of Public Company Shares
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                                IDR9,037,19,-     August 14, 2023      August 14, 2023     August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks




                                                                                                     Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   959
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                                                                Share Ownership             Share Ownership
        Name                        Position                    December 31,                December 31,                      Transaction
                                                                2022                        2023)                                                    Number Of Shares
                                                                                                                              Description

                                    Digital and Integrated
                                                                565,602                     1,442,034
        Corina Leyla Karnalies      Transaction Banking                                                                  Transfer                    268,830 shares
                                                                shares/0.00303%             shares/0.0038663%
                                    Director


                                    Enterprise and
                                                                655,558                     1,579,946
        Sis Apik Wijayanto          Commercial Banking                                                                   Transfer                    268,830 sheets
                                                                shares/0.00352%             shares/0.0042361%
                                    Director


                                    Risk Management             305,607                     880,044
        David Pirzada                                                                                                    Transfer                    268,830 shares
                                    Director                    shares/0.00164%             shares/0.0023595%


                                    Wholesale and
        Silvano Winston                                         339.607                     948,044
                                    International Banking                                                                Transfer                    268,830 shares
        Rumantir                                                shares/0.00182%             shares/0.0025419%
                                    Director


                                    Network and Services        645.413                     1,559,656
        Ronny Venir                                                                                                      Transfer                    268,830 shares
                                    Director                    shares/0.00346%             shares/0.0041817%



                                    Institutional Banking       339.607                     948,044
        Muhammad Iqbal                                                                                                   Transfer                    268,830 shares
                                    Director                    shares/0.00182%             shares/0.0025419%



        Putrama Wahju               Retail Banking              798.265                     1,686,386
                                                                                                                         Transfer                    268,830 shares
        Setyawan                    Director                    shares/0.00428%             shares/0.0045215%



                                    Human Capital and           129.076                     348,008
        Mucharom                                                                                                         Transfer                    89,856 shares
                                    Compliance Director         shares/0.00069%             shares/0.0009331%



                                    Technology and                                          89,856
        Toto Prasetio                                           0                                                        Transfer                    89,856 shares
                                    Operations Director                                     shares/0.0002409%

        1.   Changes in the number of shares owned by each member of the Board of Directors and Board of Commissioners at the end of 2023 will also be influenced by the BNI
             stock split which was effective on October 6, 2023, causing the number of shares before October 6, 2023 to double. with a stock split ratio of 1:2.
        2.   Ceased serving as Independent Commissioner from September 19, 2023.
        3.   Received a transfer from his original assignment as Vice President Commissioner/Independent Commissioner to become President Commissioner/Independent
             Commissioner since September 19, 2023 and as of December 31, 2023 he was still in the OJK fit and proper test process.
        4.   Served as Vice President Commissioner since 19 September 2023 and as of December 31, 2023 is still in the OJK fit and proper test process.
        5.   His position ended and he was reappointed based on the decision of the Annual GMS on March 15, 2023 as Commissioner for the second period starting March 15, 2023.
        6.   Serving as Commissioner since March 15, 2023 and effective based on OJK approval from September 8, 2023.




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          Practices            Governance                   Responsibility                Commitment                   Statements




          Change Of Share Ownership
                                                                                                    Date Of             Date Of             Share
                                                                                 Transaction
                  Transaction Purpose                         Price                               Reporting To        Reporting To        Ownership
                                                                                    Date
                                                                                                 The Company             OJK               Status
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                          IDR9,037,19,-     August 14, 2023     August 14, 2023      August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                          IDR9,037,19,-     August 14, 2023     August 14, 2023      August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                          IDR9,037,19,-     August 14, 2023     August 14, 2023      August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                          IDR9,037,19,-     August 14, 2023     August 14, 2023      August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                          IDR9,037.19,-     August 14, 2023     August 14, 2023      August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                          IDR9,037.19,-     August 14, 2023     August 14, 2023      August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                          IDR9,037.19,-     August 14, 2023     August 14, 2023      August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                          IDR9,037.19,-     August 14, 2023     August 14, 2023      August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks
 In the context of implementing Financial Services
 Authority Regulation Number 45/POJK.03/2015
                                                          IDR9,037.19,-     August 14, 2023     August 14, 2023      August 18, 2023     Direct
 concerning Implementation of Governance in Providing
 Remuneration for Commercial Banks




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      Board Of Commissioners And Board
      Of Directors Share Ownership In
      Banks Or Other Companies
      BNI always discloses the members of the Board of Commissioners and Board of Directors share ownership in other
      banks, non-bank financial institutions, and other companies domiciled at home and abroad. This is realized to maintain
      the independence of each member of the Board of Commissioners and Board of Directors. At the end of December 31,
      2023, the entire Board of Commissioners and Board of Directors did not own shares in other banks, non-bank financial
      institutions and other companies domiciled inside or outside the country.

                                                            Share Ownership as at December 31, 2023
                                                                                                                   Non-bank financial
        Name/Position                                         BNI1)                        Other Banks                                            Other Companies
                                                                                                                      institutions
        Dewan Komisaris
        Agus Dermawan Wintarto
                                                                                   0               -                            -                             -
        Martowardojo2)
        Pradjoto3)                                                                 0               -                            -                             -
        Pahala Nugraha Mansury4)                                                   0
        Sigit Widyawan5)                                                           0               -                            -                             -
        Askolani                                      809,086 shares/0.0021693%
        Fadlansyah Lubis                                43,484 shares/0.0001166%                   -                            -                             -
        Asmawi Syam                                                                0               -                            -                             -
        Iman Sugema                                                                0               -                            -                             -
                                                                            634,594

        Susyanto                                               shares/0.0017014%                   -                            -                             -



        Septian Hario Seto                                                         0               -                            -                             -
        Erwin Rijanto Slamet                                                       0               -                            -                             -
        Robertus Billitea5)                              42,400 shares/0.001137%                   -                            -                             -
        Direksi
        Royke Tumilaar                              1,115,346 shares/0.0029904%                    -                            -                             -
        Adi Sulistyowati                               905,706 shares/0.002428%                    -                            -                             -
        Novita Widya Anggraini                        948,044 shares/0.0025419%                    -                            -                             -
        Corina Leyla Karnalies                      1,442,034 shares/0.0038663%                    -                            -                             -
        Sis Apik Wijayanto                          1,579,946 shares/0.0042361%                    -                            -                             -
        David Pirzada                                 880,044 shares/0.0023595%                    -                            -                             -
        Silvano Winston Rumantir                      948,044 shares/0.0025419%                    -                            -                             -
        Ronny Venir                                 1,559,656 shares/0.0041817%                    -                            -                             -
        Muhammad Iqbal                                948,044 shares/0.0025419%                    -                            -                             -
        Putrama Wahju Setyawan                      1,686,386 shares/0.0045215%                    -                            -                             -
        Mucharom                                      348,008 shares/0.0009331%                    -                            -                             -
        Toto Prasetio                                  89,856 shares/0.0002409%                    -                            -                             -
        Information:
        1. The Company has carried out a stock split, the listing of shares is effective as of October 6, 2023.
        2. Ceased serving as President Commissioner/Independent Commissioner from 19 September 2023
        3. Received a transfer from his original assignment as Vice President Commissioner/Independent Commissioner to become President Commissioner/Independent
             Commissioner since 19 September 2023 and as of 31 December 2023 he was still in the FSA fit and proper test process.
        4. Served as Vice President Commissioner since 19 September 2023 and as of 31 December 2023 was still in the FSA fit and proper test process.
        5. Term of office ended and was reappointed based on the decision of the Annual GMS on March 15 2023 as Commissioner for the second period starting March 15 2023
             Served as Commissioner since 15 March 2023 and effective based on FSA approval from 08 September 2023




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                                          Violation Reporting
                              System (Whistleblowing System)

To increase the effectiveness of Good Corporate Governance                                        WHISTLEBLOWING SYSTEM MANAGEMENT
(GCG) implementation, especially in the application of the
transparency, accountability and independence principles,                                         The person responsible for WBS at BNI is the President
BNI is committed to running the company professionally                                            Director assisted by the Director of Human Capital &
based on company behavior that is in accordance with                                              Compliance. In this case, the President Director appoints
the code of ethics and work culture, in order to realize                                          the Head of Internal Audit Unit as WBS Manager who is
good corporate governance.To realize this, BNI provides an                                        responsible for managing the WBS and reports to the
independent and confidential means of reporting violations                                        President Director.
and has a whistleblower protection mechanism, namely
the Whistleblowing System (WBS).                                                                  SUBMISSION OF VIOLATION REPORTS

WHISTLEBLOWING SYSTEM PURPOSE                                                                     The reporter is given an alternative way of conveying his/
                                                                                                  her identity when reporting violations committed by BNI
The implementation of BNI's Whistleblowing System (WBS)                                           personnel via the WBS, namely:
with the name "WBS to CEO" is one of the early detection                                          1. Reporters who are willing to reveal their identity to the
mechanisms for violations at BNI that can cause financial                                            recipient of the report to the WBS ConsultantTeam and
losses, including things that can damage BNI's image.                                                BNI WBS officers (Full Disclosure).
WBS management is carried out in collaboration with                                               2. Reporters who are willing to reveal their identity only
an independent consultant, namely Deloitte. Thus, WBS                                                to the WBS Consultant Team. In this case, the WBS
is a commitment to creating a clean work environment                                                 Consultant Team will not forward the identity of the
and integrity in the form of active participation by BNI                                             reporter to BNI (Partial Anonymity).
personnel with external parties to report violations that                                         3. Reporting parties who are not willing to reveal
occur within BNI.                                                                                    their identity to the WBS and BNI Consultant Team
                                                                                                     (Anonymous).
Since March 2 2021, BNI has collaborated with the                                                 Reporting violations via WBS can be carried out by:
Corruption Eradication Commission of the Republic of
Indonesia (KPK) regarding handling complaints in efforts
to eradicate criminal acts of corruption, the implementation
of which is regularly reported to the KPK.




                                                                                                                                                        Letter:
                Website:                             Email:                          SMS/Whatsapp:                    Telephone:
                                                                                                                                                  BNI Transparan PO
  https://bni-transparan.tipoffs.info    bni-transparan@tipoffs.com.sg                081-1970-1946                  021-57853377
                                                                                                                                                 BOX 2646/JKP 10026




BNI can impose sanctions on Internal Reporting Persons/BNI personnel if it is proven that the report submitted is slanderous
and is proven to have other purposes that deviate from the aims and objectives of the WBS Policy. The referred sanctions
refer to the applicable provision at BNI.




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      REPORT SUBMISSION MECHANISM

                                        WBS CONSULTANT                               INTERNAL AUDIT             INVESTIGATION TEAM         SANCTION COMMITTEE




                                         Deloitte                                     WBS Manager
                                                                                                                     VIOLATIONS
       WHISTLEBLOWER                                                                      3a                        Investigator
                                                                                                                    (IAD/SORX/
                         1                                                       2                      3b              AFR)           4

                     Supporting                                               Web                       WBS                          Proven
                       Data                                                  Room                      Report                        Report
                                                                                                                     STAFF
                                                                                                                  Human Capital
                                                                                                                    Division                        Decision
                                                                                                                                                    Sanctions
                         5                                                       5                       5                             5          Administrative
                                         Whistleblower Service
                                         (Deloitte SafeSpace Report
                                         workplace fraud and                                                        COMPLAINTS
                                         misconduct)                                                               BENEFICIARIES
                                                                                                                       CXC/
                                                                                                                   Management
                                                                                                                       Unit


      1. The reporter submits the WBS report via telephone, email, letter, website, or SMS/Whatsapp to the Deloitte WBS
         Consultant.
         a. Deloitte screens WBS reports. WBS reports that do not comply with 4W1H (What, Who, Where, When, How) will
             be requested for supporting data from the Reporter.
         b. The reporter provides supporting data to Deloitte.
      2. Deloitte submits the WBS report to the WBS Manager, namely Internal Audit.
      3. Internal Audit analyzes the WBS report (3a) and conducts a direct investigation, and/or forwards it to the Senior
         Operational Risk Executive (SORX)/Anti-Fraud Unit (AFR) or related Division/Unit/Unit) according to the type of
         report, (3b), namely
         a. Related violations are forwarded to the Investigator unit
         b. Employees cases are forwarded to the Human Capital Division
         c. Customer complaints are forwarded to the Customer Experience Center Division/Management Unit
      4. Results of follow-up WBS reports that are proven to violate provisions will be given administrative sanctions in
         accordance with applicable regulations.
      5. Each unit/division that follows up on the WBS report, submits the results of the follow-up to Internal Audit and then
         be submitted to Deloitte to be informed to the Reporter.

      PROTECTION FOR WHISTLEBLOWERS

      The first protection for whistleblowers is the confidentiality of their identity and reports submitted by the whistleblower.
      The form of protection for whistleblowers is adjusted to the form of threats/actions received. BNI Providing protection
      with due observance of the principle of confidentiality and related applicable provisions.

      COMPLAINT HANDLING

      The handling of reporting complaints through WBS, namely:
      1. The WBS Consultant Team will send an email to the appointed BNI WBS Manager and/or Officer regarding the new
         complaint report. Regarding any new complaint reports entered into Conduct Watch;
      2. The time period to provide a response regarding the follow-up of the complaint report is as follows:
         a. First response: no later than 14 (fourteen) working days after the complaint report is entered into Conduct Watch;
         b. Subsequent responses: at the end of each month following the first response.
      3. In order to maintain independence, if there is a report of misconduct that mentions the name of or involves one of
         the WBS officers, the officer will not be able to access Conduct Watch.




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TYPES OF REPORTABLE VIOLATIONS

Reports submitted through the WBS are reports of violations related to the following:
1. Fraud
   Fraud is dishonest or deceptive acts including, fraud, extortion, forgery, concealment or destruction of documents/
   reports or using fake documents, committed by a person/group of people that causes potential loss or real loss to
   the company;
2. Violation regulations/laws
   Violation acts subject to sanctions according to applicable internal and external legal provisions.
3. Conflict of Interest
   A situation where members of the Board of Directors, members of the Board of Commissioners, committee members,
   permanent/non-permanent/outsourcing employees (BNI Personnel) due to their position, or authority at BNI have
   personal interests that can objectively influence the duties mandated by BNI, resulting in a conflict between personal
   and/or group and/or family interests and the economic interests of BNI.
4. Bribery/gratification/extortion (extortion)
   Receiving something in any form, and regardless of the amount/value, from other parties related to their position/
   authority/responsibility at BNI.
5. Violation of the Code of Ethics/Unethical Conduct
   Acts or actions taken by BNI Personnel that cannot be justified ethically, such as violations of the BNI Code of Conduct.



RESULTS OF HANDLING COMPLAINTS

NUMBER OF COMPLAINTS ENTERED AND PROCESSED IN THE FISCAL YEAR

There were 235 reports of alleged violations received via the WBS channel.


                                                                             3,40%                                                  0,43%



                                                      16,17%


                                                                                                                                            36,81%
 83,33%
                                                                                                 Complaint
                              Report                                                              Channel
                              Status
                                                                    44,68%


                                                                                                                                        21,28%




                                                                                     Email                                Whatsapp

                                Completed                                            Website                              PO Box/Letter

                                In Process                                           SMS                                  Telephone


1. The reporter chose the email complaint channel (44.68%) as the highest means of receiving complaints, followed by
   the website (26.81%) and WhatsApp (21.28%).
2. From total 83.83% of complaints (197 reports) received during 2023, 48 reports were proven and 149 reports were
   not proven.

FOLLOW UP ON COMPLAINTS IN 2023

Every WBS report that after investigation is proven to violate the provisions, will be given sanctions according to BNI
regulations. During 2023, BNI has given sanctions to 14 employees, including termination of employment for 4 employees
who were proven to have committed violations.



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      Performance                 Report                     Profile            Analysis on Company Performance         Functions




      Anti Corruption
      Policy

      ANTI CORRUPTION POLICY                                             PROGRAMS AND PROCEDURES
                                                                         FOR OVERCOMING CORRUPTION
      To enforce its anti-corruption policies, BNI ensures that          PRACTICES, FRAUD, BRIBERY,
      all company activities are carried out in compliance with          GRATIFICATION AND/OR RETURN
      applicable laws and regulations and applies Good Corporate
      Governance practices. BNI has stipulated sanctions to create       1. BNI has established a Gratification Control Unit (UPG)
      a deterrent effect, including Termination of Employment               and manages the Anti-Bribery Management System
      (PHK) for violations committed by employees related to                (SMAP) as the driving force for the anti-corruption
      corruption, gratification and bribery. These violations can           programs at BNI. Activities and programs related
      be reported to Law Enforcement Officials (APGAKUM)                    to gratification and bribery are detailed in the Anti-
      in accordance with applicable legal provisions. This is               Gratification and Anti-Bribery Policy Chapter.
      also expected to maintain the trust of all shareholders,           2. Determination of severe sanctions (PHK) for actions
      stakeholders and the wider community.                                 that fall into the category of bribery and fraud.
                                                                         3. Anti-fraud awareness to all employees of BNI and
      As part of its anti-corruption commitment, every year the             its subsidiaries, through webinars, socialization and
      Board of Commissioners, Board of Directors and all BNI                campaigns through BNI’s official social media or related
      employees sign an Integrity Pact.The Integrity pact includes          divisions.
      a commitment to create a corruption-free work environment          4. Appreciation to employees who contribute to fraud
      that is free from corruption. Administrative sanctions will           prevention efforts.
      be imposed on the breach of the anti-corruption program
      at BNI. Filling in the Integrity Pact is also carried out by all   ANTI-CORRUPTION TRAINING/
      stakeholders collaborating with BNI, including information         SOCIALIZATION TO EMPLOYEES
      on violation reporting channels through the Whistleblowing
      System (WBS).                                                      BNI always involves its employees in training.The training/
                                                                         certification that was attended was Anti-Corruption
      Furthermore, BNI has outlined anti-corruption policies             Counselor (PAKSI) training, SMAP ISO 37001:2016
      in various guidelines, including the Code of Conduct,              certification, webinars, E-Learning, Daily Exercise Employee
      Gratification Control Guidelines, Anti-Bribery Management          Program (DEEP46) as well as outreach related to gratification
      Systems (SMAP) Guidelines, Anti-Bribery Policies,                  control and anti-bribery to prevent the corruption in BNI
      Guidelines for Anti-Fraud Strategies and Whistleblowing            during 2023.
      Systems.These guidelines have been properly implemented
      and their effectiveness is evaluated annually.




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                                                                                                        Internal
                                                                                                      Deviations

Internal Fraud is a deviation/fraud committed by the Management, permanent and nonpermanent employees (honorary and
outsourcing) related to the Bank’s work processes and operational activities that affect the financial condition of the Bank.

Information on the number of internal fraud cases in 2023 can be seen in the table as follows:
                                                                                  Number of Cases Performed by
                                                         Members of the
                                                        Board of Directors                                             Non-Permanent
 Internal Fraud in 1 Year                                 and Members                Permanent Employee                 Employees and
                                                         of the Board of                                              Outsourced Workers
                                                         Commissioners
                                                         2023              2022       2023             2022             2023          2022
 Total Fraud                                                0               0        11 Fraud        14 Fraud                0       7 Fraud
 It has been resolved                                       0               0           9                10                  0          2
 On Bank Internal Settlement Process                        0               0           2                4                   0          5
 No solution has been attempted yet                         0               0           0                0                   0          0
 Has been followed up through the legal process             0               0           3                2                   0          1
 Information:
 Loss > 100 Million




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      Provision of Funds For
      Related Parties and Large Exposure

      Regarding the Legal Lending Limit (LLL), lending to Related         3. Ex-post reviews are carried out by the Compliance Work
      Parties and also policies that govern credit limits per                Unit and the Internal Audit;
      industry sector, together with monitoring and settlement.           4. Provision of funds to related parties need approval from
      BNI periodically conducts Credit Procedure Committee                   the Board of Commissioners;
      and Credit Policy Committee meetings as well as Board               5. Provision of large funds needs approval from the
      of Directors Meetings to discuss matters related to credit             management and for certain amounts must be consulted
      policies, procedures and operational activities.                       with the Board of Commissioners;
                                                                          6. IAD conducts assessment of credit centers based on risk
      To ensure that the provision of funds to related parties               assessment to ensure the adequacy of risk management
      and large exposures is in accordance with the principle of             and internal control, including in the credit granting
      prudence, BNI has an internal control system as follows:               process.

      1. Established policies and procedures in the process of            In applying the provision of funds by the Bank to related
         granting loans;                                                  parties or for large exposures:
      2. Conducting an ex-ante review on the loan granting                1. Management pays attention to the provision of large
         process through a Credit Compliance Review conducted                 credit amounts, through the provision of funds to
         by the Compliance Work Unit with the following criteria:             debtors through the Internal Rating System (corporate,
         a. Providing new and additional funds with the                       enterprise, commercial, and small business), Loan
             authority of the Medium Credit Committee, Regions                Portfolio Management, Loan Exposure Limits (per
             (excluding small segments), Divisions and Head                   segment, per economic sector and per regional), LLL
             Office; or                                                       (for internal BNI through Internal House Limit), and
         b. Restructuring with the authority of the Medium                    Country Exposure Limit;
             Credit Committee, Regions (excluding small                   2. Total capital and Capital Adequacy Ratio (CAR) are
             segments), Divisions and Head Office; or                         always reported to Management and all units in order to
         c. Reviewing provision of funds, where at least 1 (one)              have guidelines in carrying out bank business activities,
             member of the Credit Committee is on the Board                   especially those concerning the provision of funds.
             of Directors;
         d. Modifications include, but are not limited to                 Submission of reports to OJK by BNI has been carried out
             changes in structure, release of collateral, changes         in accordance with applicable regulations. The amount of
             to requirements where at least 1 (one) member of             funds available to related parties and large customers can
             the Credit Committee is on the Board of Directors;           be seen in the table below:
         e. Proposals for provision of funds that must be
             consulted with the Board of Commissioners
             or provision of funds for parties related to the
             Bank must obtain approval from the Board of
             Commissioners.

                                                                                            Total
        Funds Available
                                                                   Debtor                                   Nominal (IDR-million)
        To Related Parties                                          319                                             1.837.129
        To Individual Debtors Group                                  20                                            213.772.386




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                                                                           Providing Loans To
                                                                              Related Parties

Based on the Republic of Indonesia FSA Regulation No.                            • Biological/step/adoptive parents;
32/POJK.03/2018 dated December 27, 2018 concerning the                           • Step/adoptive Siblings;
Maximum Limit for Loans and Provision of Large Funds                             • Biological/step/adopted children;
for Commercial Banks, as amended by POJK No. 38/                                 • Biological/step/adoptive grandparents;
POJK.03/2019 dated December 19, 2019, Article 5 states,                          • Biological/step/adopted grandchildren;
that the entire portfolio of Provision of Funds to Related                       • Siblings/step/adoptive from parents;
Parties with Banks is set at a maximum of 10% (ten percent)                      • Husband or wife;
of the Bank’s Capital. The definition of Provision of Funds                      • Parents in law;
is the investment of Bank funds in the form of, loans,                           • Husband or wife of biological/step/adopted
securities, placements, claims for securities purchased                             children.
with agreements to resell (reverse repo) and others.                      f. Members of the Board of Directors and/or Board of
                                                                             Commissioners, in the Companies referred to in letter
BNI’s policy concerning the provision of loans to related                    a, b and/or c;
parties at is stated in the Company’s Guidelines No. IN/409/              g. Companies whose members of the Board of Directors
PGV/005 dated August 16, 2019, which stipulates that the                     and/or Board of Commissioners are members of the
Bank is prohibited from providing Provision of Funds                         Bank’s Board of Commissioners;
(hereinafter referred to as “Lending”) to Related Parties                 h. Companies/entities with 50% (fifty percent) or more of
without the Board of Commissioners’ approval.                                the members of the Board of Directors and/ or Board of
                                                                             Commissioners, are Directors and/or Commissioners
Related Parties as regulated in POJK No. 32/ POJK.03/2018                    in the Companies referred to in letter a, b and/or c;
dated December 27, 2018, as amended by POJK No. 38/                       i. Companies/entities where:
POJK.03/2019, dated December 19, 2019, includes:                             1. Members of the Board of Directors, Board of
a. Individuals or companies controlling the Bank;                                Commissioners, and/or Executive Officers of the
b. Legal entities in the event that the Bank is the controller;                  Bank as referred to in letter d. act as controllers; and
c. Companies in the case relate to individuals or                            2. Members of the Board of Directors and/or Board of
   Companies as referred to in letter a as a controller;                         Commissioners in the parties as referred to in letter
d. Members of the Board of Directors, Board of                                   a, b and/or c act as controllers;
   Commissioners, and Executive Officers of the Bank; An                  j. Collective investment contracts where the Bank and
   Executive Officer is an official directly responsible to the              or the parties referred to in letters a. to i. own 10% (ten
   Board of Directors or has a significant influence on the                  percent) or more shares in the Investment Manager of
   Bank’s policies and/or operations, including the Division                 the collective investment contract;
   Heads, Regional Office Heads, Branch Office Heads,                     k. Companies that have financial relationships with the
   Functional Office Heads whose position is at least equal                  Bank and/or parties as referred to in letter a. up to the
   to the Branch Office Heads, Risk Management work                          letter i; Financial relationships include:
   unit Heads, Compliance work unit Heads, and Internal                      1. There is financial assistance from the Bank and/or
   Audit work unit Heads and/or other equivalent officials;                      Related Parties or financial assistance to the Bank
e. Parties who have familial relationships horizontally                          and/or other Related Parties with requirements
   and vertically:                                                               that cause parties providing financial assistance
   1. From an individual who is controlling the Bank as                          to be able to determine (controlling influence) the
       referred to in letter a; and                                              strategic policies of Companies receiving financial
   2. From members of the Board of Directors and/or                              assistance;
       members of the Board of Commissioners at the                          2. There is a significant business chain linkage in the
       Bank as referred to in letter d. Familial relationships                   business operations of the Bank or Related Parties
       horizontally or vertically, include:                                      with other Companies so there is dependence
                                                                                 between one party and another which can result in:
                                                                                 • One party being unable to easily transfer business
                                                                                    transactions to another party; and




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             • The inability to easily transfer business transactions causes the cash flow of one of the parties to experience
                significant disruptions making it difficult to meet obligations; and/or
         3. There is a transfer of loan risk through a guarantee where the guarantee party will take over part or all of the
             financial risk from the guaranteed party.
      l. The borrower is an individual or a non-bank company with financial relationships through the provision of guarantees
         to parties as referred to in letters a to k;
      m. The borrower has financial relationships through guarantees provided by the parties as referred to in letters a to k;
      n. Other Banks have financial relationships through providing guarantees to parties as referred to in letters a to letter
         k in the event that there is a counter guarantee from the Bank and/or parties as referred to in letters a to letter k to
         the other Bank; and
      o. Other companies where there is an interest in the form of share ownership of 10% (ten percent) or more individually
         or jointly, from the parties as referred to in letter e.

      Provision of Loans to debtors who are not Related Parties that are channeled and/or used for the benefit of the Related
      Party are classified as Providing Loans to Related Parties.




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                                   Provision of Funds For Social
                                          and Political Activities

BNI has a policy that prohibits BNI employees from becoming members and/or donors of political parties. In 2022,
there was no funding for political activities. The budget spent on social activities through the Social and Environmental
Responsibility Program throughout 2023 was Rp135,958 billion.




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      Procurement of Goods
      and/or Services

      THE BANK’S PROCUREMENT OF                                               While the ethics in implementing the Procurement of Goods
      GOODS AND/OR SERVICES BASIC                                             and/or Services at BNI are as follows:
      PRINCIPLES ARE AS FOLLOWS:                                              1. Carrying out tasks in an orderly manner, with a sense
                                                                                 of responsibility to achieve the Procurement of Goods
      BNI’s procurement of goods and/or services basic principles                and/or Services goals, smoothness, and accuracy of
      are as follows:                                                            objectives;
      1. Efficient: goods and/or services procurement must be                 2. Working professionally, independently, and maintaining
          endeavored to obtain optimal and best results in the                   information confidentiality which by its nature must be
          shortest amount of time by spending minimum funds                      kept confidential to prevent irregularities in the Goods
          and capability in a reasonable manner and not solely                   and/or Services Procurement;
          aimed at getting the lowest price.                                  3. Not influencing each other, either directly or indirectly,
      2. Effective: goods and/or services procurement must be                    resulting in unfair business competition;
          in accordance with the predetermined requirements                   4. Accepting and being responsible for all decisions made
          and provides the maximum benefit in accordance with                    in accordance with the written agreement of the parties
          the targets set.                                                       concerned;
      3. Competitive: goods and/or services procurement must                  5. Avoiding and preventing conflicts of interest with related
          be open to all Goods and/or Services Providers that                    parties, either directly or indirectly, which may result
          meet the qualifications, and is performed through fair                 in unfair business competition in the Goods and/or
          competition between equal Providers of goods and/or                    Services Procurement;
          services that meet certain conditions/criteria based on             6. Avoiding and preventing wastage and leakage of state/
          clear and transparent rules and procedures.                            company finances;
      4. Transparent: goods and/or services procurement                       7. Avoiding and preventing abuse of authority and/or
          provisions and information regarding, including                        collusion; and/or
          procurement administrative technical requirements,                  8. Not accepting, not offering, and not promising the
          evaluation procedures, evaluation results, determination               giving or receiving of gifts, rewards, commissions,
          of prospective suppliers of goods and/ or services, are                rebates, and anything from or to anyone who is known
          open to all qualified goods and/or services providers.                 or reasonably suspected to be related to the Goods and/
      5. Just and Fair: all prospective Goods and/or Service                     or Services Procurement.
          Providers who meet the requirements must receive
          an equal treatment.                                                 METHODS OF PROCUREMENT OF
      6. Open: goods and/or services procurement can be                       GOODS AND/OR SERVICES
          pursued by all prospective goods and/or services
          providers that meet the requirements.                               The procurement of goods and/or services at BNI is carried
      7. Accountable: must achieve the target and can be                      out through theTender, LimitedTender, Direct Appointment,
          accounted for so as to stay away from potential misuse              Direct Procurement and Self-Management methods. The
          and irregularities.                                                 criteria for the procurement method are as follows:




                                           1. Procurement of goods and/or services is announced widely and openly at least 2 Business Days for each
                                              supplier of goods and/or services.
                                           2. If necessary, the following can be done:
                                              a. Written notification to the association of providers of goods/services/principals;
                                              b. Sending Tender invitations to partners who potentially meet the requirements.
       Tender                              3. Followed by at least 3 (three) vendors who register and fulfill the requirements in the tender
                                              announcement.
                                           4. The price negotiation process is carried out using the e-auction module unless it is not possible to do
                                              so.
                                           5. For certain needs, more than 1 (one) vendor of goods and/or services may be appointed.




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                                     1. Procurement of goods/services offered to several parties is limited to a value determined by the
                                        Company.
 Limited Tender                      2. If needed, it is possible to invite potential participants by way of announcements.
                                     3. At least 2 (two) candidates who meet the requirements.
                                     1. Goods and services needed for BNI’s main performance and cannot be delayed (business critical
                                         assets).
                                     2. There is only one Provider who can carry out work according to user requirements, or in accordance
                                         with the provisions of prevailing laws and regulations.
                                     3. Goods and services that are knowledge intensive in which to use and maintain these products requires
                                         continuity of knowledge from the Provider.
                                     4. If the Procurement using a Tender or Limited Tender method has been carried out 2 (two) times and does
                                         not find a Provider, or there is no party meeting the criteria, or no parties participating in the Tender.
                                     5. Goods and services owned by holders of Intellectual Property Rights (IPR) or who have warranties from
                                         Original Equipment Manufacturers
                                     6. Emergency management for security, community safety, and company strategic assets.
 Direct Appointment                  7. Procurement of goods and/or services that constitute a purchase or re- procurement (repeat order).
                                     8. Emergency management due to local and national natural disasters (force majeure).
                                     9. Additional or continuing work that cannot be avoided in the context of completing the procurement of
                                         goods and/or services.
                                     10. Providers of goods and/or services are BUMN, BUMN Subsidiaries or BUMN Affiliated Companies as
                                         long as the goods and/or services referred to are products or services from BUMN, BUMN Subsidiaries,
                                         BUMN Affiliated Companies and/or small and micro businesses and as long as they are of quality,
                                         prices, and purpose, and can be justified.
                                     11. Consultants not planned in advance to deal with certain problems where the work must be carried out
                                         immediately and cannot be delayed.
                                     12. Procurement of goods and or services with a defined value determined by the Company.
                                     1.   By way of Direct Procurement of the Provider or direct seller.
                                     2.   Can be done without a Work Order (SPK) or Contract.
                                     3.   Direct Procurement of goods and/or services with a certain value can be carried out
                                     4.   Procurement Method if it fulfills one of the following conditions:
                                          a. Items are specially designed/created/made by a certain party or have artistic value/art work,
                                              including sculptures, paintings, handicrafts; or
 Direct Procurement                       b. Subscription goods (subscription/membership) based on the result sof studies that can be
                                              accounted for, including gardner, forrester; or
                                          c. Procurement is carried out based on widely published public tariffs, including electricity, telephone/
                                              communication, clean water, fuel oil, gas fuel; or
                                          d. Procurements carried out in accordance with established business practices, including: hotel fees,
                                              transportation tickets.
                                     1. Renovation work of buildings/offices, repairs/maintenance of equipment/ furniture.
                                     2. Self-Management is implemented for work that is incidental and/or simple and easy to supervise/
                                        monitor. If the work is carried out by contract or daily workers, it must be by individuals.
                                     3. Procurement by means of Self-Management must obtain prior approval from the Head of the
                                        implementing unit.
                                     4. Type of Self-Management:
 Self-Management                        a. All activities carried out by BNI employees; or
                                        b. Some work can be done through piece rate, daily/weekly; or
                                        c. Some work can be assisted by individual experts (consultants).
                                     5. To meet the need for materials, tools and/or experts that are not available at BNI, the procurement
                                        process continues to refer to the procurement method in accordance with the provisions stipulated in
                                        the direct appointment procurement method, limited tender, tender and direct procurement..
                                     6. Self-management procurement is carried out with a certain value.




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      GENERAL PROCUREMENT OF GOODS & SERVICES

                                 PROCUREMENT                                                                                            AUTHORITY
        PROVISION                                             PROCUREMENT STRATEGY                  SEPARATION OF FUNCTION
                                CENTRALIZATION                                                                                        DECISION LEVEL
                              In principle, the
                              procurement of goods
                              and services adheres to a
                                                                                                   Separation of functions between
                              centralized procurement                                                                                 The authority
                                                                                                   procurement processing units by:
                              system that considers                                                                                   to decide on
                                                              1. Improving the quality of          1. Units requiring procurement
        Procurement           efficiency, effectiveness                                                                               procurement is
                                                                 management                        2. Vendor Management Units
        of Goods and          and security. However, in                                                                               made tiered with
                                                              2. Sharpening specifications            selecting partners and
        Services refers       some cases, procurement                                                                                 consideration of risk
                                                              3. Packaging based on work/type         recommending a list of
        to external and       decentralization can                                                                                    level and level of
                                                                 of goods                             partners
        internal provisions   be carried out with                                                                                     procurement value
                                                              4. Selective acquisition of          3. Units preparing their own
        (Company              consideration to optimizing                                                                             through a decision-
                                                                 vendors                              approximate prices
        Guidelines)           the functions and                                                                                       making mechanism
                                                              5. Enhancing E-Procurement           4. Units preparing the contracts
                              authorities in all units and                                                                            in the procurement
                                                                                                   5. Units making payments
                              providing opportunities for                                                                             committee
                                                                                                   6. Units supervising
                              local partners to participate
                              in Goods and/or Services
                              procurement.



      PROCUREMENT THROUGH ELECTRONIC PROCUREMENT (E-PROC) APPLICATION

      One of the efforts to support BNI's strategy to transform into digital banking in order to face business competition, increase
      stakeholder satisfaction and GCG principles, BNI uses the Electronic Procurement (e-Proc) application to digitize the
      goods and services procurement process in the form of Procurement Management, Vendor Management and Contract
      modules Management.

      With modules in the e-Procurement application accessible via https://e-proc.bni.co.id, both participants, committees and
      administrators of the procurement process are connected digitally in an end-to-end starting from partner registration,
      starting with partner registration, procurement process, Compliance test, contracts and payments. By using the e-Proc
      application, it is hoped that the procurement process will become more efficient, effective, competitive, transparent, fair
      and reasonable, open, accountable, with maintained governance.

      Since 2018, the e-Procurement application has been available at the Head Office and beyond so that all procurement
      processes carried out by the Head Office and Regional Offices can be integrated and monitored properly through dashboard
      monitoring. E-Procurement will be rolled out in stages to all BNI Regional Offices starting in 2023.




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PROCUREMENT PROCESS THROUGH ELECTRONIC PROCUREMENT (E-PROC) APPLICATION




                                                                                                                       ISSUANCE OF
                 PARTNER                        PROCUREMENT                           E-AUCTION                                                    COMPLIANCE
                                                                                                                        CONTRACT

            • Registration                      • Requirements                     • Assessment methods
            • Filling out                       • Proposed                           and HPS                       • Preparation of
              registration form                   procurement plan                 • Implementation of               draft contracts/
              Registration and                  • Announcement                       auction                         agreements
              verification checklist            • Registration                                                     • Submission of draft
            • OTS                               • DRTU Selection                                                     to vendor                          Compliance
            • Interviews                        • Aanwijzing                                                       • Final delivery of
            • Suggestions                       • Technical Evaluation                                               contract to vendor
            • Issuance of TDR                   • Clarification of                       Delivery                  • Contract
            • Reports and data                    Financial Structure                   Monitoring                   maintenance
              requests                          • HPS
            • Update and renewal                • Financial Evaluation
            • Vendor performance                • Clarification (option)
                                                • Compliance checklist
                                                • Nominator's
                                                                                                                       Payment voucher                  Compliance
                                                  proposal
                                                • Rebuttal period
                                                • Letter of
                                                  appointment/ SPK




                                                                       MONITORING
                  VENDOR                                                                                           CONTRACT                      PAYMENT
                MANAGEMENT                                             PROCUREMENT                                MANAGEMENT                   MANAGEMENT
                                                                       MANAGEMENT




CERTIFICATION RELATED TO GOODS AND/OR SERVICES MANAGEMENT

ISO 37001:2016 ANTI-BRIBERY MANAGEMENT SYSTEM

                                                                                               To implement the Anti-Bribery Management System, PT
                                                                                               Bank Negara Indonesia (Persero), Tbk (BNI) obtained SNI
                                                                                               ISO 37001:2016 Certification (Anti-Bribery Management
                                                                                               System) within the scope of Procurement of Goods and
                                                                                               Services obtained on August 11 2020. The certificate has
                                                                                               been renewed as of January 1 2024 and is valid for the
                                                                                               next 3 (three) years with scope in the Goods & Services
                                                                                               Procurement Process, Credit Segment Corporations, and
                                                                                               Pension Funds.

                                                                                               BNI in carrying out all of its activities, carries out its duties
                                                                                               and work properly, correctly and responsibly and applies
                                                                                               AKHLAK as the main BUMN value, Prinsip 46, BNI Code of
                                                                                               Ethics, and complies with internal company regulations,
                                                                                               laws and regulations and prevailing laws and regulations
                                                                                               as well as the Good Corporate Governance principles and
                                                                                               is committed to:
                                                                                               1. Carrying out Honest Willing and Sincere Behavior as
                                                                                                   well as being disciplined, consistent and responsible
                                                                                                   and implementing laws and regulations and internal
                                                                                                   regulations related to the Anti-Bribery Management
                                                                                                   System in every action and decision making;




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      2. Being firm against all forms of bribery to realize good corporate governance and being free from all forms of corruption,
         collusion and nepotism (KKN);
      3. Playing an active role in ensuring the implementation of the Anti-Bribery Management System, including reporting
         suspected anti-bribery policy violations in accordance with the applicable mechanism at BNI;
      4. Willing to accept sanctions set by the Company if proven to have violated the anti-bribery policy.

      To support this commitment, the Company has established the anti-bribery compliance function as an independent function,
      to develop, oversee the implementation and encourage continuous improvement of the Anti-Bribery Management System,
      as well as to take firm action in accordance with its authority for violations of the Anti-Bribery Management System.

      This Anti-Bribery management system policy is communicated and socialized to BNI and other stakeholders to ensure
      Good Corporate Governance, free from Corruption, Collusion and Nepotism (KKN), and periodic reviews carried out in
      accordance with the Company’s commitments.

      In 2023, a recertification audit was carried out on the goods and/or services procurement process carried out at BNI and
      succeeded in maintaining the Anti-Bribery Management System Certification.

      ISO 9001:2015 QUALITY MANAGEMENT SYSTEM IN HPS PARTS (SELF ESTIMATED PRICE)

                                                                      In order to improve the quality of Self Estimated Price
                                                                      management according to international standards, BNI has
                                                                      received ISO 9001:2015 certification in the field of Quality
                                                                      Management Systems in the field of Self Estimated Price
                                                                      management. The certification in question shows that BNI
                                                                      is committed to being a service provider that customers can
                                                                      rely on by providing reasonable prices, on time, complying
                                                                      with applicable rules and regulations and striving to make
                                                                      continuous improvements to improve service quality in
                                                                      accordance with internationally accepted standards and
                                                                      practices.

                                                                      In 2023, BNI has successfully maintained the third year
                                                                      Surveillance Audit of ISO 9001:2015 Quality Management
                                                                      System certification in the field of Vendor Management.

      ISO 9001:2015 QUALITY MANAGEMENT SYSTEM IN THE VENDOR MANAGEMENT SECTION


                                                                      In order to improve the quality of Self Estimated Price
                                                                      management according to international standards, BNI has
                                                                      received ISO 9001:2015 certification in the field of Quality
                                                                      Management Systems in the field of Self Estimated Price
                                                                      management.The certification in question shows that BNI is
                                                                      committed to being a service provider that customers can
                                                                      rely on by providing reasonable prices, on time, complying
                                                                      with applicable rules and regulations and striving to make
                                                                      continuous improvements to improve service quality in
                                                                      accordance with internationally accepted standards and
                                                                      practices.

                                                                      In 2023, BNI has successfully maintained the third year
                                                                      Surveillance Audit of ISO 9001:2015 Quality Management
                                                                      System certification in the field of Vendor Management.




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                                                                                                  Bank’s
                                                                                           Strategic Plan

BNI CORPORATE PLAN 2021-2025                                              5. Continuing theTransformation of Human Capital, Culture
                                                                             and Operations to be more agile and lean in supporting
BNI has developed strategic directions for 2025 in response                  the business.
to external conditions that have changed quite dynamically                6. Strengthening international business networks to support
over recent years due to the COVID-19 Pandemic, and the                      global market penetration.
fundamental changes in the banking industry landscape.                    7. Optimizing BNI Group synergies in strengthening the
BNI’s strategic direction in 2025 has been determined                        position of Subsidiaries.
as follows “Integrated Digital-Based Financial Solution
Provider with International Excellence”.                                  BNI CORPORATE TRANSFORMATION

This strategic direction is a unique value proposition that               BNI has carried out business process improvements and
will be developed by BNI to focus on 3 (three) areas, namely              innovations in the Enhancing The Basics phase through the
integrated, digital and international financial solutions.These           BNI Corporate Transformation Program since 2021. The BNI
three areas are a concern for developing into leading values              CorporateTransformation program was carried in response to
for BNI to compete with competitors in the banking industry.              the challenges and changes in the banking industry, to accelerate
                                                                          continuous improvement in financial performance, as well as
In achieving this strategic direction, BNI has developed                  BNI’s efforts to achieve the strategic direction by 2025 through
strategic initiatives in 5 (five) business pillars, Corporate             the development of strategic initiatives (transformation).
Banking, Institutional Banking, International Banking,
Commercial & SME Banking, and Consumer Banking,                           After BNI strengthened its business foundation in 2021-2022,
supported by the development of 7 (seven) enablers as                     BNI is currently entering into the Best in Class Capability
business foundations, Digital, IT, Operations, Network &                  phase (2023 – 2024). Armed with the BNI RACE values, Risk
Services, Risk Management, Finance, & Human Capital.The                   Culture, Agile, Collaboration, and Execution Oriented, to
strategic initiatives began with the Enhancing The Basics                 encourage a spirit of transformation, the BNI Corporate
phase that focused on improving the business foundation                   Transformation program has produced transformation
so that BNI could grow in a sustainable manner, and was                   initiatives that have so far been implemented at all levels of
developed during the 2021-2022 period. Furthermore,                       the organization both at the Head Office, Regional Offices,
in 2023 BNI entered into the best in class capability                     until Branch Offices.The strategic transformation initiatives
phase which focuses on implementing improvements                          focused on 5 (five) business focuses, namely:
to new ways of working, digitizing business processes                     1. In line with the transformation carried out by BNI,
and implementing several strategic initiatives in the BNI                      a number of subsidiaries are also carrying out
Corporate Transformation program                                               transformations, one of which is PT BNI Multifinance
                                                                               ("BNI Finance"). BNI Finance resegmented the
BNI STRATEGIC POLICY 2023                                                      business that had previously been run, namely the
                                                                               commercial segment, to focus on the consumer
Based on the Vision, Mission, Company Policy Direction and                     segment specifically through providing motor vehicle
BNI Corporate Plan 2021-2025, BNI has set the company's                        financing.
aspirations, namely "To become one of the most profitable
financial institutions in Indonesia".The BNI strategic policies               In order to support BNI Finance's transformation plan,
for 2023 that have been determined are as follows:                            in 2023, BNI has paid additional capital to BNI Finance
1. Develop transaction & ecosystem solutions to meet                          amounting to IDR 800,000,000,000 (eight hundred billion
    customer needs.                                                           rupiah) which will be used for company expansion
2. Develop technology infrastructure and digital innovation                   including but not limited to business, infrastructure IT,
    through driven data based on analytics, customer                          branch operations and HR.
    experience and expanding partnerships.
3. Focus on increasing sustainable CASA and FBI.                              In addition, in 2023, re-branding had been carried out on
4. Increase the business expansion in the corporate top tier                  one of the Subsidiary which was effectively acquired by
    as well as priority sectors, value chains and cross selling               BNI last year, namely PT Bank Mayora ("Bank Mayora").
    by prioritizing risk culture.                                             This re-branding implementation is intended to be in line
                                                                              with the implementation of the acquisition of Bank Mayora
                                                                              which will be transformed into a Digital Bank with a focus
                                                                              on the main MSME segment.
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           The name change was carried out from Bank Mayora to           4. Continuous digitalization of business processes to
           PT Bank Hibank Indonesia ("hibank"), the main aim was to         support business growth
           increase awareness among the general public that Hibank          The impact of the COVID-19 pandemic on economic
           is part of the BNI Group and to give a new minimalist and        conditions has resulted in a decline in credit quality.
           simple nuance and an impression that shows that Hibank           To overcome this challenge, the BNI Corporate
           is a fresh digital bank , easy to access and focuses on          Transformation Program began by developing end-to-
           customers, especially the MSME segment.                          end Credit Process and Loan at Risk (LaR) Management
                                                                            initiatives to improve credit quality, discipline the credit
           The choice of the name Hibank represents an identity             process and increase awareness of risk culture. After
           that is in line with the vision and mission promoted and         developing the end-to-end credit process, the BNI
           describes the character of a gracious digital bank, simple,      Corporate Transformation Program then focused on
           friendly and reliable for MSMEs. By changing the company         business process digitalization initiatives to support
           name and logo to Hibank as a digital bank that becomes           business growth through providing the CONNECT
           an orchestrator for MSMEs in Indonesia by providing easy         tool which is used by all Relationship Managers (RM)
           access to banking in one destination.                            in the Corporate, Enterprise, Commercial and Retail
                                                                            Productive; and branch transformation as a customer
      2. Selection of top tier customers in the Commercial &                touch point to improve customer digital experience (new
         Retail Productive segment                                          outlet format, Biometric, SPRINT, DigiCS, ATM & CRM).
         In 2022, BNI will focus on increasing cross selling by
         providing banking solutions for top tier corporate              5. Increasing productivity through new, more flexible
         and institutional customers. With the increase in the              ways of working and leaner organizational adjustments
         portfolio and business volume of top tier customers
         in this segment, in 2023 BNI will also select top tier             In order to strengthen and sharpen the organizational
         customers in the commercial & retail productive                    side and to support an increasingly rapid business
         segment. Through this initiative, BNI can manage                   development process, BNI increases employee
         selected top tier customers more optimally and the                 productivity by adopting a more agile way of working
         quality of the resulting business will also be better.             through the New Way of Working (NWOW) initiative,
                                                                            adapting a leaner organization, improving performance
      3. Increasing transactions through optimizing customer                management (channel , product, & segment) in
         value chain businesses                                             increasing performance awareness, as well as carrying
         In maintaining business continuity amidst increasingly             out enhancements to develop leadership capabilities
         fierce competition, BNI focuses on value chain-based               across all lines.
         solutions. Starting with determining top tier customers
         from the Corporate to Retail Productive segments, BNI
         collaborates between units to manage customers by
         offering cross-selling business solutions. Not only
         limited to offering business solutions owned by banks,
         but also by optimizing Subsidiary Company products
         & services.




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                                                                                                 Reporting
                                                                                              Transparency

To fulfill the principle of information disclosure that is important to the public as a consideration for making investment
decisions, then the Company submits and reports its disclosure of material information or facts to FSA, and announces
the disclosure of material information or facts to the public.

Regarding the delivery of information to the public through the Company's website, the Integrated Electronic Reporting
Facility for Issuers and Public Companies IDX and FSA, as well as the mass media.



                                     Report               Submission of Reports
           Report                                                                                                Reference
                                 Submission Date     FSA    IDX     Website   Massa
 Monthly Securities Holder                                                               Indonesian Stock Exchange Regulation No. I-E regarding
                                 January 09, 2023     v      v
 Registration Report                                                                     the Obligation to Submit Information
                                                                                         FSA Regulation no. 37/POJK.03/2019 concerning
                                                                                         Transparency and Publication of Bank Reports, Republic of
 Submission of Annual                                                                    Indonesia Financial Services Authority Regulation No. 14/
                                 January 24, 2023     v      v           v
 Financial Reports                                                                       POJK.04/2022 concerning Submission of Periodic Financial
                                                                                         Reports of Issuers or Public Companies, as well as other
                                                                                         related regulations
                                                                                         FSA Regulation no. 31/POJK.04/2015 concerning Disclosure
                                                                                         of Information or Material Facts by Issuers or Public
 Material Information or                                                                 Companies,
 Facts Report: Performance
 Presentation by Listed          January 24, 2023     v      v           v      v
                                                                                         Regulation no. I-E Attachment to Decision of the Directors
 Companies to Certain
 Parties (Analyst Meeting)                                                               of PT Bursa Efek Indonesia No. Kep-00015/BEI/01-2021
                                                                                         dated 29 January 2021 concerning Obligations to Submit
                                                                                         Information, and Other Related Regulations
                                                                                         FSA Regulation no. 37/POJK.03/2019 concerning
                                                                                         Transparency and Publication of Bank Reports, Republic of
 Submission of Proof of
                                                                                         Indonesia Financial Services Authority Regulation No. 14/
 Advertisement of Annual         January 24, 2023     v      v           v
                                                                                         POJK.04/2022 Concerning Submission of Periodic Financial
 Financial Report Information
                                                                                         Reports for Issuers or Public Companies, as well as Other
                                                                                         Related Regulations
                                                                                         FSA Regulation no. 31/POJK.04/2015 concerning Disclosure
                                                                                         of Information or Material Facts by Issuers or Public
 Information Report or                                                                   Companies and other relevant Financial Services Authority
 Material Facts Issuance
                                                                                         Regulations including but not limited to FSA Regulation no.
 of PT BNI Capital Ventura       January 31, 2023     v      v           v
                                                                                         37/POJK.03/2019 concerningTransparency and Publication
 or BNI Ventures Business
 License from FSA                                                                        of Bank Reports, FSA Regulation no. 42/POJK.04/2020
                                                                                         concerning AffiliateTransactions and Conflict of Interest
                                                                                         Transactions
 Notification of Plans for the                                                           FSA Regulation no. 15/POJK.04/2020 concerning Plans and
 Annual General Meeting of       February 06, 2023    v      v                           Organizing General Meetings of Shareholders of Public
 Shareholders                                                                            Companies
 Material Information or                                                                 FSA Regulation no. 30/POJK.04/2017 concerning Share
 Facts Report on Share                                                                   Buybacks issued by Public Companies and FSA Regulation
                                 February 06, 2023    v      v
 Buyback Plan issued by a                                                                no. 37/POJK.03/2019 concerningTransparency and Publication
 Public Company                                                                          of Bank Reports
                                                                                         Peraturan Bursa Efek Indonesia No. I-E tentang Kewajiban
 Monthly Securities Holder                                                               Penyampaian Informasi Indonesian Stock Exchange
                                 February 06, 2023    v      v
 Registration Report                                                                     Regulation No. I-E regarding the Obligation to Submit
                                                                                         Information
 Submission of                                                                           FSA Regulation no. 15/POJK.04/2020 concerning Planning and
 Advertisement Proof for         February 06, 2023    v      V                           Implementation of Public Company GMS and refers to the
 GMS Notification                                                                        provisions of the Company's Articles of Association




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                                           Report                  Submission of Reports
                    Report                                                                                                  Reference
                                       Submission Date        FSA    IDX       Website   Massa
                                                                                                   FSA Regulation no. 15/POJK.04/2020 concerning Plans and
       Notification of Planned Annual General     February 06,
                                                                       v       v                   Organizing General Meetings of Shareholders of Public
       Meeting of Shareholders (CORRECTION)       2023
                                                                                                   Companies
                                                                                                   FSA Regulation no. 15/POJK.04/2020 concerning Plans and
       Invitation to the Annual General Meeting   February 21,
                                                                       v       v    v              Organizing General Meetings of Shareholders of Public
       of Shareholders                            2023
                                                                                                   Companies
                                                                                                   FSA Regulation no. 29/POJK.04/2016 concerning Annual
                                                  February 21,                                     Reports of Issuers or Public Companies Jo. FSA Regulation
       Submission of Annual Report                                     v       v    v
                                                  2023                                             no. 37/POJK.03/2019 concerningTransparency and Publication
                                                                                                   of Bank Reports.
                                                                                                   FSA Regulation no. 51/POJK.03/2017 concerning the
                                                  February 21,
       Submission of Sustainability Reports                            v       v    v              Implementation of Sustainable Finance for Financial Services
                                                  2023
                                                                                                   Institutions, Issuers and Public Companies
                                                                                                   FSA Regulation no. 15/POJK.04/2020 concerning Planning and
       Submission of Advertisement Proof for      February 21,
                                                                       v       v                   Implementation of Public Company GMS and refers to the
       GMS Invitation                             2023
                                                                                                   provisions of the Company's Articles of Association
       Monthly Securities Holder Registration                                                      Indonesian Stock Exchange Regulation No. I-E regarding the
                                                  March 09, 2023       v       v
       Report                                                                                      Obligation to Submit Information
       Material Information or Fact Reports                                                        FSA Regulation no. 30/POJK.04/2017 concerning Share Buybacks
       Additional Information on Disclosure                                                        issued by Public Companies and FSA Regulation no. 37/
                                                  March 10, 2023       v       v    v      v
       of Information on Share Buyback Plans                                                       POJK.03/2019 concerningTransparency and Publication of Bank
       issued by Public Companies                                                                  Reports, and Other Related Regulations
                                                                                                   Article 5 FSA Regulation no. 49/POJK.04/2020 concerning
       Annual Ranking Results Report              March 13, 2023       v       v
                                                                                                   Rating of Debt Securities and/or Sukuk
                                                                                                   FSA Regulation no. 15/POJK.04/2020 concerning Planning and
       Summary of Minutes of the Annual
                                                  March 16, 2023       v       v                   Implementation of Public Company GMS and refers to the
       General Meeting of Shareholders
                                                                                                   provisions of the Company's Articles of Association

                                                                                                   FSA Regulation no. 15/POJK.04/2020 concerning Planning and
       Summary of Minutes of the Annual
                                                  March 16, 2023       v       v                   Implementation of Public Company GMS and refers to the
       General Meeting of Shareholders
                                                                                                   provisions of the Company's Articles of Association

       Disclosure of Information related to                                                        FSA Regulation no. 15/POJK.04/2020 concerning Planning
                                                  March 16, 2023       v       v    v      v
       Corporate Actions – Cash Dividends                                                          and Implementation of Public Company GMS
                                                                                                   FSA Regulation no. 15/POJK.04/2020 concerning Plans and
       Submission of Advertisement Proof of
                                                  March 17, 2023       v       v                   Implementation of Public Company GMS and refers to the
       GMS Results
                                                                                                   provisions Company Articles of Association
                                                                                                   In order to comply with Article 2 paragraph (3) letter e FSA
       Appointment/Change of Public
                                                                                                   Regulation no. 7/OJK.04/2018 concerning Submission
       Accounting Firm and/or Public              March 21, 2023       v       v
                                                                                                   of ReportsThrough the Electronic Reporting System for
       Accountant
                                                                                                   Issuers or Public Companies
                                                                                                   Peraturan Bursa Efek Indonesia No. I-E tentang Kewajiban
       Monthly Securities Holder Registration                                                      Penyampaian Informasi Indonesian Stock Exchange
                                                  April 06, 2023       v       v
       Report                                                                                      Regulation No. I-E regarding the Obligation to Submit
                                                                                                   Information
       Penyampaian Laporan Keuangan Interim
                                                                                                   Complies with Republic of Indonesia FSA Regulation
       yang Tidak Diaudit
                                                  April 18, 2023       v       v                   No. 14/POJK.04/2022 concerning Submission of Periodic
       Submission of Unaudited Interim
                                                                                                   Financial Reports of Issuers or Public Companies
       Financial Reports
                                                                                                   In order to comply with FSA Regulation no. 31/
                                                                                                   POJK.04/2015 concerning Disclosure of Information
       Information Report or Material Facts
                                                                                                   or Material Facts by Issuers or Public Companies and
       Report Information or Material Facts The
                                                  April 18, 2023       v       v    v      v       Regulation no. I-E Attachment to Decision of the Directors
       Company held a Performance Analyst
                                                                                                   of PT Bursa Efek Indonesia No. Kep-00015/BEI/01-2021
       Meeting March 2023 (Unaudited)
                                                                                                   dated 29 January 2021 concerning Obligations to Submit
                                                                                                   Information
                                                                                                   Republic of Indonesia FSA Regulation No. 14/POJK.04/2022
       Submission of Advertisement Proof of
                                                  April 18, 2023       v       v                   concerning Submission of Periodic Financial Reports for
       Interim Financial Report Information
                                                                                                   Issuers or Public Companies




980   From Local to Global
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Capital & Risk Management        Good Corporate             Social & Environmental                ESG                        Financial
          Practices               Governance                    Responsibility                 Commitment                   Statements




                                     Report                    Submission of Reports
           Report                                                                                                          Reference
                                 Submission Date       FSA         IDX     Website       Massa
 Monthly Securities Holder Registration                                                             Indonesian Stock Exchange Regulation No. I-E regarding
                                            May 08, 2023            v        v
 Report                                                                                             the Obligation to Submit Information
                                                                                                    FSA Regulation no. 42/POJK.04/2020 concerning Affiliate
 Affiliate Transactions                     June 05, 2023           v        v
                                                                                                    Transactions and Conflict of InterestTransactions
 Material Information or Fact Report
 Repayment of Scriptless Deposit
                                                                                                    FSA Regulation no. 31/POJK,04/2015 concerning Disclosure
 Certificates: BNI Rupiah Negotiable
                                            June 08, 2023           v        v                      of Information or Material Facts by Issuers or Public
 Certificate of Deposit (NCD) 2022
                                                                                                    Companies and Other Related Regulations
 Series A and BNI US Dollar Negotiable
 Certificate of Deposit (NCD) 2022
 Monthly Securities Holder Registration                                                             Indonesian Stock Exchange Regulation No. I-E regarding
                                            July 10, 2023           v        v
 Report                                                                                             the Obligation to Submit Information
                                                                                                    Decree of the Board of Directors of the Indonesian Stock
 Information Report or Material Facts                                                               Exchange
 Conveying Fund Readiness for                                                                       (BEI) No. KEP-00015/BEI/01-2021 dated 29 January 2021 No.
                                            July 20, 2023           v        v
 Repayment of Debt Securities of PT                                                                 IV.2.11 BEI Regulation No. I-F concerning the Obligation to
 Bank Negara Indonesia (Persero) Tbk                                                                Submit Reports for Listed Companies that Issue Debt and/
                                                                                                    orTribe Securities
                                                                                                    Complies with Republic of Indonesia FSA Regulation No.
 Submission of Unaudited Interim
                                            July 25, 2023           v        v                      14/POJK.0412022 concerning Submission of Periodic
 Financial Reports
                                                                                                    Financial Reports of Erniten or Public Companies
                                                                                                    In order to comply with FSA Regulation no. 31/
 Material Information or Fact Report                                                                POJK.04/2015 concerning Disclosure of Information
 Information Report or Material Fact                                                                or Material Facts by Issuers or Public Companies and
 Presentation of Performance by the         July 25, 2023           v        v       v     v        Regulation no. I—E Attachment to Decision of the Directors
 Listed Company to Certain Parties                                                                  of PT Bursa Efek Indonesia No. Kep-00015/BEI/01-2021
 (Analyst Meeting)                                                                                  dated 29 January 2021 concerning Obligations to Submit
                                                                                                    Information
                                                                                                    Republic of Indonesia FSA Regulation No. 14/POJK.04/2022
 Submission of Proof of Advertisement of
                                            July 25, 2023           v        v                      Regarding the Submission of Periodic Financial Reports for
 Interim Financial Report Information
                                                                                                    Issuers or Public Companies
 Monthly Securities Holder Registration                                                             Indonesian Stock Exchange Regulation No. I-E regarding
                                            August 08, 2023         v        v
 Report                                                                                             the Obligation to Submit Information
 Information Report or Material Facts
                                                                                                    FSA Regulation no. 311P0JK.04/2015 concerning Disclosure
 Repayment/Payment of the 20th
                                            August 10, 2023         v        v       v              of Information or Material Facts by Issuers or Public
 (twenty)th Principal and Interest on BNI
                                                                                                    Companies and Other Related Regulations
 Subordinated MTN I 2018

 Notification of Plans for Extraordinary                                                            FSA Regulation no. 15/POJK.04/2020 concerning Planning
                                            August 11, 2023         v        v
 General Meeting of Shareholders                                                                    and Implementation of Public Company GMS

 Submission of Advertisement Proof for                                                              FSA Regulation no. 15/POJK.04/2020 concerning Planning
                                            August 11, 2023         v        v
 GMS Notification                                                                                   and Implementation of Public Company GMS
 Disclosure of Information related to                                                               FSA Regulation no. 15/POJK.0412022 concerning Stock
                                            August 11, 2023         v        v       v
 Corporate Actions – Stock Split                                                                    Splits and Stock Mergers by Public Companies,
                                                                                                    OJK Regulation no. 11/POJK,04/2017 concerning
 Ownership Report or Any Changes in
                                            August 18, 2023         v        v                      Ownership Reports or Any Changes in Ownership of Public
 Ownership of Public Company Shares
                                                                                                    Company Shares
                                                                                                    OJK Regulation no. 11/POJK,04/2017 concerning
 Ownership Report or Any Changes in
                                            August 18, 2023         v        v                      Ownership Reports or Any Changes in Ownership of Public
 Ownership of Public Company Shares
                                                                                                    Company Shares




                                                                                                  Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk     981
Page 395
          2023                      Management                       Company                 Management Discussion and                    Business Support
      Performance                     Report                          Profile              Analysis on Company Performance                   Functions




                                           Report                    Submission of Reports
                    Report                                                                                                   Reference
                                       Submission Date        FSA      IDX      Website   Massa
                                                                                                    OJK Regulation no. 11/POJK,04/2017 concerning
       Ownership Report or Any Changes in
                                                   August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership of Public Company Shares
                                                                                                    Company Shares
                                                                                                    OJK Regulation no. 11/POJK,04/2017 concerning
       Ownership Report or Any Changes in
                                                   August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership of Public Company Shares
                                                                                                    Company Shares
                                                                                                    OJK Regulation no. 11/POJK,04/2017 concerning
       Ownership Report or Any Changes in
                                                   August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership of Public Company Shares
                                                                                                    Company Shares
                                                                                                    OJK Regulation no. 11/POJK,04/2017 concerning
       Ownership Report or Any Changes in
                                                   August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership of Public Company Shares
                                                                                                    Company Shares
                                                                                                    OJK Regulation no. 11/POJK,04/2017 concerning
       Ownership Report or Any Changes in
                                                   August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership of Public Company Shares
                                                                                                    Company Shares
                                                                                                    OJK Regulation no. 11/POJK,04/2017 concerning
       Ownership Report or Any Changes in
                                                   August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership of Public Company Shares
                                                                                                    Company Shares
                                                                                                    OJK Regulation no. 11/POJK,04/2017 concerning
       Ownership Report or Any Changes in
                                                   August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership of Public Company Shares
                                                                                                    Company Shares
       Laporan Kepemilikan atau Setiap
       Perubahan Kepemilikan Saham                                                                  OJK Regulation no. 11/POJK,04/2017 concerning
       Perusahaan Terbuka                          August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership Report or Any Changes in                                                           Company Shares
       Ownership of Public Company Shares
       Laporan Kepemilikan atau Setiap
       Perubahan Kepemilikan Saham                                                                  OJK Regulation no. 11/POJK,04/2017 concerning
       Perusahaan Terbuka                          August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership Report or Any Changes in                                                           Company Shares
       Ownership of Public Company Shares
       Laporan Kepemilikan atau Setiap
       Perubahan Kepemilikan Saham                                                                  OJK Regulation no. 11/POJK,04/2017 concerning
       Perusahaan Terbuka                          August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership Report or Any Changes in                                                           Company Shares
       Ownership of Public Company Shares
                                                                                                    FSA Regulation no. 11/POJK,04/2017 concerning
       Ownership Report or Any Changes in
                                                   August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership of Public Company Shares
                                                                                                    Company Shares
                                                                                                    FSA Regulation no. 11/POJK,04/2017 concerning
       Ownership Report or Any Changes in
                                                   August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership of Public Company Shares
                                                                                                    Company Shares
                                                                                                    FSA Regulation no. 11/POJK,04/2017 concerning
       Ownership Report or Any Changes in
                                                   August 18, 2023      v       v                   Ownership Reports or Any Changes in Ownership of Public
       Ownership of Public Company Shares
                                                                                                    Company Shares
                                                                                                    FSA Regulation no. 31/POJK/04/2015 concerning Disclosure
       Information Reports or Material Facts                                                        of Information or Material Facts by Issuers or Public
       Submission of Reports/Information                                                            Companies and Other relevant Financial Services Authority
       related to the Implementation of Capital                                                     Regulations including but not limited to Regulations
                                                   August 23 2023       v       v    v      v
       Increases by the Company to PT BNI                                                           FSA No. 42/POJK.04/2020 concerning AffiliateTransactions
       Multifinance which is an Affiliated Party                                                    and Conflict of InterestTransactions and FSA Regulation
       of the Company                                                                               no. 37/POJK.03/2019 concerningTransparency and
                                                                                                    Publication of Bank Reports
                                                                                                    Financial Services Authority Regulation no. 15/
       Invitation to the Extraordinary General
                                                   August 28, 2023      v       v    v              POJK.04/2020 concerning Planning and Implementation of
       Meeting of Shareholders
                                                                                                    Public Company GMS
                                                                                                    Peraturan OJK No. 15/POJK.04/2020 tentang Rencana
                                                                                                    dan Penyelenggaraan RUPS PerusahaanTerbuka serta
       Submission of Advertisement Proof for                                                        mengacu pada ketentuan Anggaran Dasar Perseroan
                                                   August 28, 2023      v       v
       GMS Invitation                                                                               FSA Regulation no. 15/POJK.04/2020 concerning Planning
                                                                                                    and Implementation of Public Company GMS and refers to
                                                                                                    the provisions of the Company's Articles of Association
       Monthly Securities Holder Registration      September 06,                                    Indonesian Stock Exchange Regulation No. I-E regarding
                                                                        v       v
       Report                                      2023                                             the Obligation to Submit Information
       Information Report or Material Facts                                                         FSA Regulation no. 31/POJK.04/2015 concerning Disclosure
       Repayment of Scriptless Deposit             September 06,                                    of Information or Material Facts by Issuers or Public
                                                                        v       v
       Certificates: Negotiable Certificate of     2023                                             Companies and regulations
       Deposit (NCD) Rupiah Year 2022 Series B                                                      other related



982   From Local to Global
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Capital & Risk Management         Good Corporate           Social & Environmental                ESG                         Financial
          Practices                Governance                  Responsibility                 Commitment                    Statements




                                      Report                  Submission of Reports
           Report                                                                                                          Reference
                                  Submission Date          FSA    IDX     Website       Massa
                                             September 07,                                         Following up on the Indonesian Stock Exchange PT Letter
 Explanation of Mass Media Reporting                               v        v
                                             2023                                                  No. S-07555/BEI.PP3/09-2023 dated 6 September 2023
 Summary of Minutes of the                                                                         FSA Regulation no. 15/POJK.04/2020 concerning Planning
                                             September 20,
 Extraordinary General Meeting of                                  v        v                      and Implementation of Public Company GMS and refers to
                                             2023
 Shareholders                                                                                      the provisions of the Company's Articles of Association
                                                                                                   FSA Regulation no. 15/POJK.04/2020 concerning Planning
 Submission of Advertisement Proof for       September 20,
                                                                   v        v                      and Implementation of Public Company GMS and refers to
 GMS Results                                 2023
                                                                                                   the provisions of the Company's Articles of Association
                                                                                                   Article 24 paragraph (1) OJK Regulation no. 15/
 Disclosure of Information related to        September 29,
                                                                   v        v       v              POJK.04/2022 concerning Stock Splits and Stock Mergers
 Corporate Actions – Stock Split             2023
                                                                                                   by Public Companies
 Disclosure of Information related                                                                 Article 24 paragraph (1) OJK Regulation no. 15/
                                             October 02,
 to Corporate Actions – Stock Split                                v        v       v              POJK.04/2022 concerning Stock Splits and Stock Mergers
                                             2023
 (CORRECTION)                                                                                      by Public Companies
 Monthly Securities Holder Registration                                                            Indonesian Stock Exchange Regulation No. I-E regarding
                                             October 10, 2023      v        v
 Report                                                                                            the Obligation to Submit Information
                                                                                                   Republic of Indonesia FSA Regulation No. 14/POJK.04/2022
 Submission of Unaudited Interim             October 31,                                           concerning Submission of Periodic Financial Reports
                                                                   v        v
 Financial Reports                           2023                                                  of Issuers or Public Companies, as well as other related
                                                                                                   regulations
 Information Report or Material Facts                                                              Regulation Number I-E Attachment to Decision of the
 Other Material Information or Facts: The    October 31,                                           Directors of PT Bursa Efek Indonesia No. Kep-00015/BEI/01-
                                                                   v        v       v     v
 Company held a Performance Analyst          2023                                                  2021 dated 29 January 2021 concerning Obligations to
 Meeting September 2023 (Unaudited)                                                                Submit Information, and Other Related Regulations
                                                                                                   Republic of Indonesia FSA Regulation No. 14/POJK.04/2022
 Submission of Advertisement Proof for       October 31,                                           concerning Submission of Periodic Financial Reports
                                                                   v        v
 Interim Financial Report Information        2023                                                  of Issuers or Public Companies, as well as other related
                                                                                                   regulations
 Monthly Securities Holder Registration      November 09,                                          Indonesian Stock Exchange Regulation No. I-E regarding
                                                                   v        v
 Report                                      2023                                                  the Obligation to Submit Information
 Plan for Organizing Public Expose -         November 13,                                          Indonesian Securities No. I-E regarding the Obligation to
                                                                   v        v       v     v
 Annually                                    2023                                                  Submit Information
 Submission of Public Expose Material -      November 22,                                          Indonesian Securities No. I-E regarding the Obligation to
                                                                   v        v       v     v
 Annually                                    2023                                                  Submit Information
                                             November 30,                                          Indonesian Securities No. I-E regarding the Obligation to
 Public Expose Results Report - Annually                           v        v       v     v
                                             2023                                                  Submit Information
 Monthly Securities Holder Registration      December 08,                                          Indonesian Stock Exchange Regulation No. I-E regarding
                                                                   v        v
 Report                                      2023                                                  the Obligation to Submit Information
                                                                                                   Republic of Indonesia FSA Regulation No. 31/POJK.04/2015
                                                                                                   concerning Disclosure of Information or Material Facts by
                                                                                                   Issuers or Public Companies and Other relevant Financial
 Information Report or Material Facts                                                              Services Authority Regulations including but not limited
 Repayment of Scriptless Deposit             December 11,                                          to FSA Regulations of the Republic of Indonesia No. 41/
                                                                   v        v
 Certificates: Negotiable Certificate of     2023                                                  POJK.04/2020 concerning AffiliateTransactions and
 Deposit (NCD) Rupiah 2022 Series C                                                                Conflict of InterestTransactions and FSA Regulations of
                                                                                                   the Republic of Indonesia No. 37/POJK.03/2019 concerning
                                                                                                   Transparency and Publication of Bank Reports and other
                                                                                                   related regulations
                                                                                                   Republic of Indonesia FSA Regulation No. 31/POJK.04/2015
                                                                                                   concerning Disclosure of Information or Material Facts by
                                                                                                   Issuers or Public Companies and Other relevant Financial
 Information Report or Material Facts on                                                           Services Authority Regulations including but not limited
 the Implementation of Capital Increases
                                             December 14,                                          to FSA Regulations of the Republic of Indonesia No. 41/
 by the Company to PT BNI Multifinance                             v        v       v
                                             2023                                                  POJK.04/2020 concerning AffiliateTransactions and
 which is an Affiliated Party of the
 Company                                                                                           Conflict of InterestTransactions and FSA Regulations of
                                                                                                   the Republic of Indonesia No. 37/POJK.03/2019 concerning
                                                                                                   Transparency and Publication of Bank Reports and other
                                                                                                   related regulations
                                                                                                   Article 2 Republic of Indonesia FSA Regulation No. 11/
 Ownership Report or Any Changes in          December 28,
                                                                   v        v                      OJK.04/2017 concerning Ownership Reports or Any
 Ownership of Public Company Shares          2023
                                                                                                   Changes in Ownership of Public Company Shares




                                                                                                 Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk    983
Page 397
          2023                 Management                  Company               Management Discussion and             Business Support
      Performance                Report                     Profile            Analysis on Company Performance            Functions




      Conflict Of Interest Policy
      (Including Insider Trading)

      To avoid conflicts of interest, all members of the Company           c. All BNI people are required to make annual
      are required to:                                                         statements related to conflicts of interest and will
      1. Prioritize the interests of the Company, through:                     try to avoid all forms of possible conflict of interest
          a. An obligation to serve all of the Company’s                       when carrying out their duties.
              stakeholders as well as possible according to their       4. Creating a culture of anti conflict of interest
              respective duties and responsibilities;                      a. The company is required to submit an annual
          b. To carry out these duties and responsibilities, it                statement to the public about the prohibition for
              must be based on applicable regulations and                      BNI people to receive prizes or gifts from customers,
              policies without prioritizing personal interests or              partners, vendors and other parties;
              the interests of affiliated parties, including those         b. To build awareness and a culture of anti-conflicts
              coming from religions, professions, political parties,           of interest, it is necessary to continue to socialize
              ethnicity, and must avoid matters that may cause                 matters related to conflicts of interest, so that all BNI
              a conflict of interest;                                          people can avoid conflicts of interest and proactively
          c. Prohibited from including elements of personal                    report the situation/condition that indicates conflicts
              interest when making decisions or actions that may               of interest in their work environment through
              affect the quality of the decisions/actions;                     Internal Complaints Means.
          d. Prohibited from giving special treatment to certain        5. Enforcing the policy of conflict of interest that each
              parties by ignoring the applicable procedures or             BNI person who is proven to have violated the conflict
              provisions;                                                  of interest provisions will be subject to sanctions in
          e. Prohibited from seeking or receiving improper                 accordance with the provisions in force in the company.
              benefits so as to affect the performance of their
              duties;                                                   BNI has also implemented policies on conflicts of interest
          f. In the event of a conflict of interest, BNI people         and a policy on securities transactions for insider trading.
              are required to prioritize the company’s economic         This is stated in the Guidelines for Companies Contracting
              interests and avoid companies that may arise or the       Transactions that are prohibited and not prohibited for
              possibility of reduced company profits.                   people in No. IN/500/KMP/001 dated September 23, 2019,
      2. Creating transparency when handling Conflicts of               and Guidelines for Conflict of Interests as outlined in the
          Interest:                                                     Guidelines for Online Corporate (EPP) No. IN/13/ KPN/002
          a. Handling conflict of interest requires transparency        dated January 3, 2023.
              from BNI people so that the conflict of interests that
              occur can be controlled and handled adequately;           The Bank has asserted the prohibition of use of insider
          b. BNI people who face a potential conflict of interest       information (insider trading) in personal transactions by
              must express the existence of personal interests          employees and management (in this case members of
              and/or affiliated relationships that have the potential   the Board of Directors and the Board of Commissioners).
              to cause conflicts of interest.                           With this policy, the Company does not use information
      3. Encouraging individual responsibilities and role models        for the personal interests of employees and management
          a. All BNI people must be able to maintain their              (insiders) during 2023.
              credibility and integrity in order to be an example
              for other BNI people;
          b. All BNI people must be able to separate personal
              affairs from company affairs so that they can
              avoid conflicts of interest that can harm or reduce
              company profits;




984   From Local to Global
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Capital & Risk Management      Good Corporate           Social & Environmental       ESG                      Financial
          Practices             Governance                  Responsibility        Commitment                 Statements




                                                                                 Shares And Bonds
                                                                                          Buyback

Throughout 2022, the Composite Stock Price Index ("IHSG") moved quite fluctuating, influenced by geopolitical conditions,
commodity prices and the monetary policy of world central banks in making rate adjustments. However, as the Company's
financial performance continues to improve, the Company's share price at the end of 2022 was recorded at IDR9,225 or
an increase of 36.7% YoY.

At the beginning of 2023, the JCI fluctuated, influenced, among other things, by sentiment from the Fed which was still
hinting at more interest rate increases, the ongoing geopolitical impact, as well as the normalization of pandemic policies
in China which caused foreign outflow to the Chinese market after 3 years of lockdown. Fluctuations in the market and
selling pressure are expected to continue until Semester I 2023. For this reason, Buyback is intended to help offset selling
pressure in the market when the JCI was fluctuating. The Company's share price as of February 3, 2023 was recorded
at IDR 9,300 (+0.8% YtD), with a Price to Book Value ("PBV") of 1.27x. This PBV value was still below the 10 year average
of 1.42x. On March 15, 2023, the Company received approval from the Annual GMS to carry out a Buyback of Company
Shares ("Buyback") with reference to Financial Services Authority Regulation No. 30/POJK.04/2017 concerning Buyback
of Shares Issued by Public Companies. The number of shares to be repurchased by the Company was estimated to be
IDR905,000,000,000 (nine hundred and five billion Rupiah) or 10% of the total paid-up capital.

In accordance with Article 8 of FSA Regulation No. 30/POJK.04/2017 concerning the Buyback of Shares issued by Public
Companies, the Buyback of Shares (buyback) is carried out and must be completed no later than 18 (eighteen) months
after the date of the GMS which approves the Buyback of Shares (buyback), so that in the event The Company can carry
out a Share Buyback for 18 (eighteen) months from the date of the decision of the 2022 Annual GMS which will be held
on March 15, 2023 or at the latest it must be completed on September 15, 2024.



                                                               Buyback Timeline
 No.    Activity                                                                                  Date
        Announcement of information on share buyback plans and Announcement of the Annual GMS
 1.                                                                                               February 6, 2023
        for the 2022 Fiscal Year
 2.     Date of Approval of Annual GMS for Fiscal Year 2022                                       March 15, 2023
 3.     Buyback Period                                                                            March 16 – September 15, 2024



As of December 31, 2023, the Company has carried out a buyback of IDR179,959,897,500 (one hundred seventy-nine billion
nine hundred fifty-nine million eight hundred ninety-seven thousand five hundred rupiah) or the equivalent of 20,257,300
(twenty million two hundred fifty seven thousand three hundred) shares.




                                                                                     Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   985
Page 399
          2023                Management                Company             Management Discussion and          Business Support
      Performance               Report                   Profile          Analysis on Company Performance         Functions




      Management Of State
      Officials’ Assets Reports (LHKPN)

      LHKPN POLICY                                                  LHKPN MANAGEMENT

      BNI has a policy concerning the implementation of the         The LHKPN reporting manager consists of the LHKPN
      State Officials Asset Report (LHKPN) based on:                Management Coordinator, Application Admin, and LHKPN
      1. Law Number 28 of 1999 concerning State Officials who       Work Unit Admin with the following details:
         are Clean and Free from Corruption, Collusion and          1. The LHKPN Management Coordinator is the unit that
         Nepotism;                                                     oversees the Human Capital Services function with the
      2. Law Number 30 of 2002 concerning the Corruption               following scope of duties:
         Eradication Commission. Law Number 10 of 2015                 a. Coordinating with KPK in monitoring, filling out,
         concerning Stipulation of Government Regulation in                and submitting LHKPN as well as socializing LHKPN
         Lieu of Law Number 1 of 2015 concerning Amendments                obligations;
         to Law No. 30 of 2002 concerning the Corruption               b. Coordinating with the Ministry of SOEs and KPK
         Eradication Commission jo. Republic of Indonesia Law              regarding the management and administration of
         No. 19 of 2019 concerning the Second Amendment                    the Mandatory LHKPN Application.
         to Law No. 30 of 2002 concerning the Corruption            2. LHKPN Application Admin is an official who oversees
         Eradication Commission;                                       the Human Capital Services function in the field of
      3. KPK Regulation No. 07 of 2016, as amended by KPK              industrial relations with the following scope of duties:
         Regulation No. 2 of 2020 concerning Procedures for            a. Submit data regarding changes in positions of
         Registration, Announcement and Examination of State               State Administrators to the Corruption Eradication
         Officials’ Assets;                                                Commission;
      4. Minister of Republic of Indonesia SOEs Circular No.           b. Coordinate with the KPK in managing LHKPN..
         SE-12/MBU/10/2021 concerning Obligations to Submit         3. LHKPN Work Unit Admin is an official who monitors
         State Officials’ Asset Reports (LHKPN) for Officials in       and coordinates with the LHKPN Application Admin.
         State-Owned Enterprises.                                      There are 3 Admin Work Units at BNI, namely:
                                                                       a. Corporate Secretary Division;
      These policies regulate the Position of BNI State Officials      b. Subsidiaries Management Division;
      to report their assets, delivery procedures, LHKPN               c. International Banking & Financial Institutions
      management and administrator work units, to the sanctions            Division.
      that can be imposed on employees who do not carry out
      their reporting obligations.                                  2023 LHKPN REPORT

      MANDATORY LHKPN REPORT                                        As of the end of the 2023, out of 122 persons required
                                                                    to report, 122 or 100% fulfilled their LHKPN reporting
      Based on the LHKPN Policy, LHKPN                              obligations.
      Mandatory Reporting applies to Structural
      Officials within the Bank, namely:
      1. The Board of Commissioners;
      2. The Board of Directors;
      3. Senior Executive Vice President (SEVP);
      4. Division/Unit Head or equivalent;
      5. Regional Head;
      6. General Manger (GM) Head of Overseas Branch; And
      7. Board of Commissioners/Directors of Consolidated
          Subsidiaries/Affiliated Companies.




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                               Transparency Of Financial and
                                   Non-Financial Conditions

Based on Financial Services Authority Regulation (FSAR) Number 14/POJK.04/2022 concerning Submission of Periodic
Financial Reports for Issuers or Public Company, article 20 chapter Media and Broadcasting, it is stated that listed
issuers or Public Company are required to publish Periodic Financial Reports only through the Stock Exchange website
(paragraph 1) and through the issuer's or public company's website (paragraph 3). Prior to the issuance of the POJK
on August 22 2022, the Bank strives to fulfill its financial and non-financial transparency and publication obligations in
accordance with applicable regulations. The delivery and publication of information is carried out both through print
and on the Bank's website as follows:
1. Monthly Financial Reports to regulators, which are also published through the FSA reporting system and the BNI
    website;
2. Quarterly Financial Reports to regulators, which are also published through the FSA reporting system and the BNI
    website;
3. Annual Financial Report to the regulator, which is also published through the FSA reporting system, the BNI website,
    and the issuer or public company reporting system;
4. BNI Annual Report submitted to regulators, rating agencies, banking development institutions, research institutions/
    institutions and published via the BNI website;
5. Periodic and incidental reports in order to comply with regulations in the Capital Market sector, published on the
    Company's website and the Indonesian Stock Exchange, and reported to the FSA, Indonesian Stock Exchange, Ministry
    of BUMN, and related regulators;
6. Corporate Governance Information, which includes the Annual Corporate Governance Report, Vision, Mission,
    Company Values, Code of Ethics, Composition and Profile of the Board of Commissioners and Directors, as well as
    internal provisions related to governance starting from the Articles of Association to the Corporate Charter which
    are also published via the BNI website;
7. Information on Company Products and Services including its office network is published through the Annual Report
    and BNI website, so that customers, investors and the wider public can easily access information on BNI products
    and services;
8. Information on Procedures for Submitting Complaints, BNI Safe Tips for Customers to maintain data confidentiality
    when using banking services, which are published on the BNI website for the implementation of consumer protection
    provisions;
9. Other information aimed at supporting information disclosure, financial education and services to the community.




                                                                           Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   987
Page 401
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      Performance                Report                     Profile            Analysis on Company Performance            Functions




      Transparency Of Customer Complaints
      Procedures And Customer
      Dispute Settlement
      EASE OF SERVICE ACCESS
                                                                        The Customer Experience Center is determined to
      CUSTOMER EXPERIENCE CENTER AS BNI TOUCH                           consistently improve the quality of service to BNI customers.
      POINTI                                                            This effort is reflected in standardizing the quality of service
                                                                        processes by obtaining ISO 9001:2015 since 2016 and
      In line with one of BNI's missions, namely providing              continuing to renew certification (resertification) every
      excellent service and digital solutions to all customers as the   3 years.
      main choice of business partner, the Customer Experience
      Center, as one of BNI's touch points, continues to strive to      Always supporting BNI Go Global, the Customer Experience
      provide the best service for BNI customers.                       Center also hasTrade & Remittance and Wholesale Services
                                                                        which provide support for the BNI Xpora program and BNI
      The availability of call services 24/7 via BNI Call 1500046       Direct customers. With this service, both domestic and
      (domestic) or +62-21-30500046 (overseas) makes it easy            foreign customers (individuals and corporations) will be
      for customers to interact with BNI anytime and anywhere.          assisted in carrying out import-export transactions. BNI also
      With a focus on services that are easier, faster and more         has BNI Emerald Call Service 1500098 to serve BNI priority
      economical for customers, the Customer Experience Center          customers and Merchant Care Service 1500146 to serve BNI
      is shifting call services to digital services by providing        and Agen46 merchant customers. To provide convenience
      official BNI social media services on Facebook, Instagram,        and comfort for customers in obtaining information and
      and X (Twitter), as well as services, Live Chat services on       submitting requests and complaints, all of the above
      the BNI website, Ask BNI on BNI Mobile Banking, WhatsApp          services can be accessed 24 hours a day.
      Business and the BNI Call Virtual Assistant application
      which can be downloaded via Playstore and Appstore.
      Apart from that, customers can send complaints to BNI
      via email bnicall@bni.co.id.




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          Practices                 Governance                         Responsibility                                Commitment                           Statements




                                                                                  1500046
                                                                                 (without area code)

                                                                                   TELEPHONE
                                                                   Access from Domestic (all regions of Indonesia)
                                                                             PSTN Phone (Fixed Phone)

                                                                       Local Cell Phone Credit (Mobile Phone)

                                                                According to cellular service provider rates (provider)
                                                                        Access from Abroad +62-21-30500046




                                                                                                                                                  Digital Platform
                                                                                                                                            Chat With Us di www.bni.co.id
                       Social Media Platform                                                                                                Tanya BNI di BNI Mobile Banking
                       IG @bni46                                                                                                               BNI Call Virtual Assistant
                       @BNI &                                                                                                                  BNI WhatsApp Business
                                                                                                                                                   +62 811-5881-946
                       @BNICustomerCare
                                                                                                                                               Email : bnicall@bni.co.id
                       Facebook BNI



                      Merchant Care & Agen46
                             1500146
                                                                                   TELEPHONE

                                                                                                                                              BNI Emerald Call
                         Wholesale Service;                                                                                                       1500098
                            021 - 29946046
                       +62 811-8611-946 (WAB)




BNI CUSTOMER SERVICE AND COMPLAINT RESOLUTION PROCEDURES

As one of BNI's front line in providing services to customers, CXC is committed to providing the best service, including
resolving every customer complaint for banking, credit card, merchant, trade & remittance and wholesale services. BNI
customers are given easy access to complaint services with various media options, both verbal and written.

Instagram, and X (Twitter), as well as services, Live Chat




                                                                                        Verbal




                                       Customers Contact BNI Call                                                Customers Visit the Nearest BNI Branch
                                                :Domestic
                                    Overseas: +62-21-30500046 1500046




                                     Nasabah Mengunjungi                                                                  Customers visit the nearest BNI branch
                                    Website : www.bni.co.id
                                    Pada menu Chat With Us



                                                                                     Written


                                    Customers Send Email:
                                                                                                                               Customers use applications
                                 bnicall@bni.co.id X: @BNI, @
                                                                                                                     that can be downloaded via AppStore/PlayStore:
                                 BNICustomerCare Facebook:
                                                                                                                                 BNI Call Virtual Assistant
                                        BNI IG: @bni46




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      BNI provides solutions for resolving customer complaints submitted verbally within a maximum of 5 (five) working
      days, while resolving written complaints takes a maximum of 20 (twenty) working days. If supporting documents are
      required for a customer complaint submitted verbally, BNI will ask the customer to submit the complaint in writing. In
      this regard, customers can complete documents regarding complaints submitted within 20 (twenty) working days and
      can be extended within 20 (twenty) working days.

      Under certain conditions, the resolution of written complaints can be extended within the next 20 (twenty) working days
      in accordance with POJK No. 1/POJK.07/2013 which has been updated through POJK No. 6/POJK.07/2022 concerning
      Consumer and Public Protection in the Financial Services Sector and POJK No. 18/POJK.07/2018 concerning Consumer
      Complaint Services in the Financial Services Sector. Information on the extension of time for resolving complaints is
      notified in writing to customers via telephone, e-mail, letter or WhatsApp.

      Starting December 22, 2023, BNI implemented the written complaint resolution for a maximum of 10 (ten) working days
      and can be extended within a period of 10 (ten) working days in accordance with POJK No. 22 of 2023. This regulation
      also states that customers can complete documents regarding complaints submitted within 10 (ten) working days and
      can be extended within 10 (ten) working days.

      Complaint Submission and Resolution Flow




              1                Submit a Complaint                                            CUSTOMERS



                      PETUGAS
                        BNI




                                                                                                                                   If necessary, the Bank
                                                    Provide a Complaint       Following up            Convey the Results of                                           Convey the Results of
          2       Register a Complaint     3        Registration Number   4   on complaint        5   Complaint Resolution    6   will provide notification of   7    Complaint Resolution
                                                                                                                                       extension of time




      If the customer feels that the resolution solution provided by BNI does not meet expectations, then the customer can
      continue the complaint resolution process through an Alternative Dispute Resolution Institution in accordance with
      POJK Number 6/POJK.07/2022 concerning Consumer and Community Protection in the Financial Services Sector, it is
      regulated that in terms of complaint services If an agreement is not reached by the PUJK, the consumer can resolve the
      dispute outside of court or through court. Dispute resolution in the financial services sector outside of court is carried
      out through the Alternative Financial Services Sector Dispute Resolution Institution (LAPS SJK).




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                                                                           Bad Corporate
                                                                     Governance Practices

The Company understands that bad corporate governance practices can disrupt the implementation of Good Corporate
Governance (GCG). Therefore, throughout 2023, BNI is determined not to carry out actions and policies related to the
practices shown in the following table:

 Information                                                                                                                             Practice
 There is a report as a company that pollutes the environment                                                                                Nil
 Important cases currently being faced by the Bank, its subsidiaries, members of the Board of Directors and/or members of the
                                                                                                                                             Nil
 Board of Commissioners who are currently serving are not disclosed in the Annual Report
 Non-compliance in fulfilling tax obligations                                                                                                Nil
 The inconsistency of the presentation of the Annual Report and Financial Statements with the applicable regulations and Financial
                                                                                                                                             Nil
 Accounting Standards
 Cases related to labor and employees                                                                                                        Nil
 There is no disclosure of operating segments in listed companies                                                                            Nil
 There is a discrepancy between the hardcopy Annual Report and the softcopy Annual Report                                                    Nil




                                                                                             Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   991
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      Integrated Governance
      Implementation
      As an effort to ensure transparency in the implementation of                   SELF-ASSESSMENT REPORT ON
      Integrated Governance in the BNI Financial Conglomerate,                       IMPLEMENTATION OF INTEGRATED
      as well as as a follow-up to the provisions contained in                       GOVERNANCE DURING 2023
      Financial Services Authority Regulation No. 18/POJK.03/2014
      dated November 18, 2014 concerning the Implementation                          Financial Services Authority Regulation No.18/POJK.03/2014
      of Integrated Governance for Financial Conglomerates                           dated November 18, 2014 concerning the Implementation
      and Financial Services Authority Circular Letter No. 15/                       of Integrated Governance for Financial Conglomerates
      SEOJK.03/2015 dated May 25, 2015 concerning the                                and Financial Services Authority Circular Letter No. 15/
      Implementation of Integrated Governance for Financial                          SEOJK.03/2015 dated May 25, 2015 concerning the
      Conglomerates, the implementation of Integrated Governance                     Implementation of Integrated Governance for Financial
      for the BNI Financial Conglomerate in 2023 consists of:                        Conglomerates, among other things, requires Financial
      1. Self-Assessment Report on the Implementation of Integrated                  Conglomerates to prepare Integrated Governance Self
           Governance during 2023;                                                   Assessment reports periodically (June and December) to
      2. BNI Financial Conglomerate Structure;                                       the Financial Services Authority and submitted no later
      3. Share ownership structure in the BNI Financial Conglomerate                 than the 15th of the second month after the end of the
           until December 2023;                                                      reporting month in question (August 15 and February 15).
      4. BNI Financial Conglomerate Management Structure;
      5. Basic Principles of Integrated Governance of the BNI Financial              Self Assessment of the implementation of Integrated
           Conglomerate;                                                             Governance principles in the BNI Financial Conglomerate
      6. Intra-Group Transaction Policy in the BNI Financial                         is carried out on 3 (three) aspects of Governance, namely
           Conglomerate.                                                             Structure, Process and Results (Outcome) Self Assessment,
                                                                                     at least must be realized and focused on 7 (seven) factors
      The following is the implementation of BNI's Good                              for assessing the implementation of Governance Integrated
      Corporate Governance as the Main Entity in the BNI                             Management consisting of:
      Financial Conglomerate.

      Assessment Factors

        No.                                                                Assessment Factors
        1.      Implementation of Duties and Responsibilities of Main Entity Board of Directors
        2.      Implementation of Duties and Responsibilities of Main Entity Board of Commissioners
        3.      Duties and Responsibilities of the Integrated Governance Committee
        4.      Duties and Responsibilities of Integrated Compliance Work Unit
        5.      Duties and Responsibilities of Integrated Internal Audit Work Unit
        6.      Implementation of Integrated Risk Management
        7.      Preparation and Implementation of Integrated Governance Guidelines


      In 2023 period, BNI has prepared its own assessment regarding the implementation of Integrated Governance of the
      BNI Financial Conglomerate as follows:

                                     Results of Self-Assessment of Integrated Governance Implementation
        June 2023                                December 2023                                                  Rating Definition
                          2                                         2                     The Financial Conglomerate is considered to have implemented
                                                                                          Integrated Governance which is generally good. This is
                                                                                          reflected in adequate fulfillment of the implementation of
                                                                                          Integrated Governance principles. If there are weaknesses in the
                                                                                          implementation of Integrated Governance, in general they can be
                                                                                          resolved using normal actions by the Main Entity and/or Financial
                                                                                          Services Institution.




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Based on the results of the Self Assessment of 7 (seven)                     c. During 2023, the TKT Committee has held 9 (nine)
Integrated Governance Implementation Assessment factors                          TKT Committee Meetings to provide input regarding
for 2023, we can conclude as follows:                                            the implementation of Governance in the BNI
1. Board of Directors of Main Entity                                             Financial Conglomerate.
    a. All BNI Board of Directors have met the qualifications             4. Integrated Compliance Work Unit
        stipulated by applicable legislation. The number of                  a. The Compliance Division as an Integrated
        Directors is 12 (twelve) people and all of them have                     Compliance Work Unit (SKKT) is independent in
        fulfilled the requirements for integrity, competence                     accordance with applicable regulations;
        and financial reputation as required by the Financial                b. SKKT has carried out monitoring and evaluation
        Services Authority (FSA);                                                through LJK Compliance Reports, meetings between
    b. All members of the Board of Directors have adequate                       SKKT and each Subsidiary which is an LJK in the
        and relevant competencies for their position to carry                    BNI Financial Conglomerate which are held quarterly
        out their duties and responsibilities and are able to                    through one on one meetings and monitoring LJK
        implement their competencies in carrying out their                       business conduct every month.
        duties and responsibilities;                                         c. SKKT has submitted the results of monitoring,
    c. In the Integrated Governance process, the duties                          evaluation and suggestions for improving the
        and responsibilities of the BNI Board of Directors                       implementation of the compliance function in each
        related to the Integrated Governance process have                        LJK periodically, namely quarterly, to the Director
        been carried out and followed up in accordance with                      in charge of the Compliance function and semi-
        the direction of the BNI Board of Commissioners;                         annually to the President Director and the Board
    d. The BNI Board of Directors has followed up on input                       of Commissioners.
        from the BNI Board of Commissioners regarding the                 5. Integrated Internal Audit Work Unit
        evaluation of the Integrated Governance Guidelines,                  a. The Internal Audit Unit as the Integrated Internal
        as well as ensuring that audit findings from both                        Audit Work Unit (SKAIT) is independent in
        internal and external sources have been followed                         accordance with applicable regulations;
        up properly.                                                         b. SKAIT monitors the implementation of internal
2. Board of Commissioners of Main Entity                                         audits including:
    a. In the Integrated Governance structure, the entire BNI                    i) Implementation of integrated audits for
        Board of Commissioners has met the qualifications                             each LJK with audit mechanisms carried
        stipulated by applicable legislation. The Board of                            out individually, joint audits and SKAI LJK
        Commissioners consists of 11 (eleven) people, 7                               submitting implementation reports and the
        (seven) of whom are Independent Commissioners. 9                              main points of audit results to SAI have been
        (Nine) Commissioners have obtained fit and proper                             carried out by SKAI LJK.
        test approval from the Financial Services Authority                      ii) Evaluation of the implementation of the internal
        (FSA) and 2 (two) Commissioners are awaiting FSA                              audit function in each LJK.
        approval.                                                                iii) Coordination with the LJK Internal Audit
    b. In the Integrated Governance process, the BNI Board                            Work Unit (SKAI) LJK on a quarterly basis,
        of Commissioners has carried out its duties and                               with material discussing the Audit Work Plan,
        responsibilities, including: holding regular meetings;                        Principal Audit Results, and Follow-up to the
        supervising the implementation of the duties and                              Internal and External Audit Results of each LJK.
        responsibilities of the Main Entity Board of Directors               c. SKAIT acts objectively in carrying out its duties
        as well as supervising the implementation of TKT;                        and responsibilities, and submits reports on the
        and provide input and direction as well as evaluation                    implementation of its duties and responsibilities to
        of audit findings, both internal and external, for                       the President Director and Board of Commissioners
        follow-up by the Board of Directors; as well as                          of the Main Entity with a copy to the Director in charge
        providing input to the BNI Board of Directors in order                   of the Compliance Function of the Main Entity.
        to improve the Integrated Governance Guidelines;                  6. Implementation of Integrated Risk Management
    c. Minutes of Main Entity Board of Commissioners                         a. Enterprise Risk Management Division as an
        Meetings as well as recommendations from                                 independent Integrated Risk Management Work Unit
        the supervision of the Main Entity Board of                              (SKMRT) in accordance with applicable regulations;
        Commissioners related to the implementation of                       b. SKMRT has established and updated policies and
        the duties and responsibilities of the BNI Board of                      determined risk limits that apply to all LJKs;
        Directors have been well documented.                                 c. The implementation of Integrated Risk Management
3. Integrated Governance Committee                                               has accommodated 4 (four) pillars of Risk
    a. The Integrated Governance Committee has been                              Management implementation in accordance with
        formed in accordance with applicable regulations;                        Financial Services Authority Regulations.
    b. TheTKT Committee has evaluated the implementation
        of TKT, at least through assessing the adequacy of
        internal control, implementation of integrated risk
        management and compliance functions;
                                                                                       Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   993
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      7. Integrated Governance Guidelines
         a. The BNI Financial Conglomerate Integrated Governance Guidelines have been prepared, reviewed and implemented
             in accordance with Financial Services Authority Regulation No. 18/POJK/POJK.03/2014 as regulated in the respective
             letters of the Board of Directors and The respective Board of Commissioners No. DIR/1106 dated 15 December
             2023 and No. DK/193 dated December 28, 2023;
         b. The Integrated Governance Guidelines for the BNI Financial Conglomerate have been communicated to all LJKs
             in the BNI Financial Conglomerate and will continue to be evaluated in accordance with applicable regulations.

      BNI FINANCIAL CONGLOMERATE STRUCTURE

      Through Directors' Letter No. DIR/401 dated 02 June 2022 BNI Financial Conglomerate has reported changes to the
      structure of the BNI Financial Conglomerate to be as follows:




                       Financing                                Securities                               a
                                                                                                  Life Insurance                          Bank




                      1983 | 99,99%                           1995 | 75,00%                       1996 | 60,00%                       1993 | 63,92%




                                      Investment Manager                        Securities




                                           2011 | 99,90%                      2011 | 100,00%

      The BNI Financial Conglomerate has fulfilled the administrative requirements and has been recorded in the supervisory
      administration of the Financial Services Authority based on FSA Letter No. S-88/PB.31/2022 dated June 9 2022 with
      the joining of PT Bank Hibank Indonesia (hibank) to become a member of the BNI Financial Conglomerate, becoming
      a member of the BNI Financial Conglomerate, apart from that the BNI Financial Conglomerate also has an Integrated
      Governance Committee (TKT) as following


       Position                                            Name

       Chairman                                            Pradjoto (BNI)*

                                                           Askolani (BNI)
                                                           Susyanto (BNI)
                                                           Robertus Bilitea (BNI)
                                                           Parikesit Suprapto (BNI Life)
       Member                                              Siti Haniatunnisa (BNI Life/Dewan Pengawas Syariah/Sharia Supervisory Board)
                                                           Riswinandi (BNI Sekuritas)
                                                           Eko Priyo Pratomo (BNI Asset Management)
                                                           Rufina Tinawati Marianto (hibank)
                                                           Nurani Raswindriati (Independent Party)
       Description:
       *) Waiting for the results of the fit and proper test from FSA




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SHARE OWNERSHIP STRUCTURE IN THE BNI FINANCIAL CONGLOMERATE

PT Bank Negara Indonesia (Persero) Tbk as the Main Entity of the BNI Financial Conglomerate.




                                    Republic of Indonesia                                            Public
                                            60%                                                       40%

Share Ownership Structure of Financial Services Institutions within the BNI Financial Conglomerate, namely:

PT BNI Life Insurance




         PT Bank Negara Indonesia              Yayasan Danar Dana                    Yayasan Kesejahteraan
                                                                                                                        Sumitomo Life Insurance
               (Persero) Tbk                    Swadharma (YDD)                          Pegawai BNI
                                                                                                                        Company 39,999993%
                    60%                            0,000003%                             0,000003%


PT BNI Multifinance




                                        PT Bank Negara Indonesia                          Koperasi Karyawan
                                              (Persero) Tbk                               PT BNI Multifinance
                                                 99,998%                                        0,002%




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      PT BNI Sekuritas




                                      PT Bank Negara Indonesia       SBI Financial Services
                                            (Persero) Tbk                    Co.Ltd
                                                75%                           25%




      PT BNI Asset Management




                                                                      Koperasi Karyawan
                                          PT Bank Sekuritas
                                                                       PT BNI Sekuritas
                                               99,90%
                                                                            0,10%




      PT Bank Hibank Indonesia




                                      PT Bank Negara Indonesia       PT Mayora Inti Utama
                                            (Persero) Tbk                  3 6,08%
                                               63,92%




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Capital & Risk Management         Good Corporate              Social & Environmental                ESG                          Financial
          Practices                Governance                     Responsibility                 Commitment                     Statements




BNI Securities Pte, Ltd




                                                                        PT BNI Sekuritas
                                                                         (Persero) Tbk
                                                                             100%



BNI FINANCIAL CONGLOMERATE MANAGEMENT STRUCTURE

BOARD OF COMMISSIONERS’ STRUCTURE
 Name                                                                                                                Position
 Agus Dermawan Wintarto Martowardojo*)                                             President Commissioner / Independent Commissioner
 Pradjoto**)                                                                       President Commissioner / Independent Commissioner
 Pahala Nugraha Mansury***)                                                        Vice President Commissioner / Independent Commissioner
 Sigit Widyawan                                                                    Independent Commissioner
 Askolani                                                                          Commissioner
 Asmawi Syam                                                                       Independent Commissioner
 Susyanto                                                                          Commissioner
 Iman Sugema                                                                       Independent Commissioner
 Septian Hario Seto                                                                Independent Commissioner
 Erwin Rijanto Slamet                                                              Independent Commissioner
 Fadlansyah Lubis                                                                  Commissioner
 Robertus Billitea                                                                 Commissioner
 *) Ceased serving as President Commissioner/Independent Commissioner of BNI as of September 19 2023
 **) Transfer of assignment from Vice President Commissioner/Independent Commissioner to President Commissioner/Independent Commissioner as of September 19 2023
 and was currently still awaiting FSA approval for the fit and proper test
 ***) Served as Vice President Commissioner since September 19 2023 and currently still awaiting FSA approval for the fit and proper test


BOARD OF DIRECTORS’ STRUCTURE
 Name                                                                                                                Position
 Royke Tumilaar                                                                                                  President Director
 Adi Sulistyowati                                                                                             Vice President Director
 Novita Widya Anggraini                                                                                           Finance Director
 Corina Leyla Karnalies                                                                        Digital and Integrated Transaction Banking Director
 Sis Apik Wijayanto                                                                                 Enterprise & Commercial Banking Director
 David Pirzada                                                                                              Risk Management Director
 Silvano Winston Rumantir                                                                         Wholesale and International Banking Director
 Ronny Venir                                                                                               Network & Services Director
 Muhammad Iqbal                                                                                            Institutional Banking Director
 Putratama Wahju Setyawan                                                                                     Retail Banking Director
 Mucharom                                                                                             Human Capital & Compliance Director
 Toto Prasetio                                                                                          Technology & Operations Director




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      PT BNI LIFE INSURANCE

      BOARD OF COMMISSIONERS’ STRUCTURE
        Name                                                                                                        Position
        Parikesit Suprapto                                                                    President Commissioner/Independent Commissioner
        Alwi Abdurrahman Shihab                                                                            Independent Commissioner
        Henry Cratein Suryanaga                                                                            Independent Commissioner
        Muneo Sasagawa                                                                                            Commissioner
        Sri Indira                                                                                                Commissioner



      BOARD OF DIRECTORS STRUCTURE
        Name                                                                                                        Position
        Shadiq Akasya*                                                                                          President Director
        Eben Eser Nainggolan                                                                            Acting President Director/Director
        Neny Asriany                                                                                                 Director
        Masaaki Fuse                                                                                                 Director
        Motohari Nijima                                                                                              Director
        *) Ceased serving as President Director of PT BNI Life Insurance as of June 5, 2023



      SHARIA SUPERVISORY BOARD’ STRUCTURE
        Name                                                                                                        Position
        Agus Haryadi                                                                                                Chairman
        Utang Ranuwijaya                                                                                             Member
        Siti Haniatunnisa                                                                                            Member



      PT BNI MULTIFINANCE

      BOARD OF COMMISSIONERS’ STRUCTURE
        Name                                                                                                        Position
        Suhartono                                                                             President Commissioner/Independent Commissioner
        Agung Turanto Sutarno                                                                                     Commissioner
        Hari Satriyono                                                                                            Commissioner



      BOARD OF DIRECTORS’ STRUCTURE
        Name                                                                                                        Position
        Yenanto Siem                                                                                            President Director
        Albertus Henditrianto                                                                                        Director
        Legendariah                                                                                                  Director



      PT BNI SEKURITAS

      BOARD OF COMMISSIONERS’ STRUCTURE
        Name                                                                                                        Jabatan
        Riswinandi                                                                            President Commissioner/Independent Commissioner
        Yoshihiro Ishiwata                                                                                       Commissioner
        I Made Sukajaya                                                                                          Commissioner



      BOARD OF DIRECTORS’ STRUCTURE
        Nama                                                                                                        Jabatan
        Agung Prabowo                                                                                           President Director
        Nieko Kusuma                                                                                                 Director
        Vera Ongyono                                                                                                 Director




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 Nama                                                                                                                    Jabatan
 Yoga Mulia                                                                                                               Director
 Teddy Wishadi*)                                                                                                          Director
 *) Still waiting for the Fit & Proper Test by FSA




PT BNI ASSET MANAGEMENT

BOARD OF COMMISSIONERS’ STRUCTURE
 Name                                                                                                                     Position
 Eko Priyo Pratomo                                                                                 President Commissioner/Independent Commissioner
 Efrizal                                                                                                               Commissioner



BOARD OF DIRECTORS’ STRUCTURE
 Name                                                                                                                     Position
 Putut Endro Andanawarih*)                                                                                            President Director
 Putut Endro Andanawarih*)                                                                                                Director
 Donny Susantio Adjie                                                                                        Director (Acting President Director)
 Ade Yusriansyah                                                                                                          Director
 *Ceased serving as President Director and was reappointed as Director of the Company as of July 3 2023.



PT BANK HIBANK INDONESIA

BOARD OF COMMISSIONERS’ STRUCTURE
 Name                                                                                                                     Position
 Hussein Paolo Kartadjoemena                                                                                       President Commissioner
 Rufina Tinawati Marianto                                                                                       Independent Commissioner
 Joys Djajanto                                                                                                  Independent Commissioner



BOARD OF DIRECTORS’ STRUCTURE
 Name                                                                                                                     Position
 Ricky Budiono                                                                                                       President Director
 Tjahojo Bengawan                                                                                                         Director
 Tiolina Indira Aryani Tumanggor Siahaan                                                                                  Director
 Prihadiyanto                                                                                                             Director
 Andi M. Andries                                                                                                          Director




BNI SECURITIES PTE. LTD
 Name                                                                                                                     Position
 Chew Wen Yu, Edwin                                                                                                  Executive Director
 Ujuan Marihot H.P                                                                                                 Non Executive Director



BASIC PRINCIPLES OF INTEGRATED GOVERNANCE OF THE BNI FINANCIAL CONGLOMERATE

In order to support the business and operations of the BNI Financial Conglomerate, basic principles of Integrated
Governance are needed which refer to the GCG Roadmap published by the Financial Services Authority and the ASEAN
Corporate Governance Scorecard which is a reference for the implementation of GCG.

In accordance with this, the basic principles of Integrated Governance of the BNI Financial Conglomerate are as follows:
1. Implementation of Integrated Governance of the BNI Financial Conglomerate aims to create superior performance and add
    economic value for shareholders and other stakeholders, as well as ensuring that the operations of the BNI Financial Conglomerate
    comply with applicable laws and regulations, business ethics and Governance principles. Manage a Good Company;
2. Referring to the applicable statutory provisions, Financial Services Institutions (LJK) members of the Financial Conglomerate
    (KK) are separate legal entities from BNI and therefore have their own duties and responsibilities in managing the company;
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       3. KK Member of LJK is a legal entity in accordance with            main entity in implementing intra-group transaction Risk
          applicable statutory provisions, where in its management         Management in the BNI Financial Conglomerate, including:
          BNI is the Controlling Shareholder in the BNI financial          1. Have an adequate intra-group transaction risk
          Conglomerate;                                                       management process for the Financial Conglomerate
       4. Integrated Governance principles apply to KK Member                 as a whole;
          LJKs as long as they are not regulated differently according     2. Monitor intra-group transactions within the Financial
          to applicable laws and regulations. Articles of Association         Conglomerate and prepare regular reports;
          of KK Member LJKs that are not yet in compliance must            3. Encourage public disclosure regarding intra-group
          be adjusted while taking into account the provisions that           transactions;
          apply to KK Member LJKs.                                         4. Consider the impact of intra-group transactions on
                                                                              the performance of LJK members of the Financial
       INTRA-GROUP TRANSACTION POLICY IN                                      Conglomerate directly and on the BNI Financial
       THE BNI FINANCIAL CONGLOMERATE                                         Conglomerate as a whole.
       UNDERSTANDING INTRA-GROUP
       TRANSACTION RISK                                                    TYPES OFTRANSACTIONSTHAT MIGHT POSE INTRA-
                                                                           GROUP TRANSACTION RISKS
       UNDERSTANDING INTRA-GROUPTRANSACTION RISK                           Types of transactions that might pose risk to intra-group
       Ownership and/or control relationships in various financial         transaction in the BNI Financial Conglomerate include the
       services sectors will affect the business continuity of Financial   following, but are not limited to:
       Services Institutions (LJK) due to risk exposures that arise        1. Cross ownership between LJKs in Financial
       either directly or indirectly from the business activities of           Conglomerates;
       entities that are members of a Financial Conglomerate.              2. Centralization of short-term liquidity management in
       Therefore, the Financial Services Authority (FSA) has issued            Financial Conglomerates;
       a number of regulations regarding the implementation of             3. Guarantees, loans and commitments given or obtained
       integrated Risk Management in conglomerates in the financial            by an LJK from other LJKs in the Financial Conglomerate;
       services industry, one of which is the obligation of Financial      4. Exposure to controlling shareholders, including loan
       Conglomerates to manage intra-group transaction risks.                  and off-balance sheet exposure such as guarantees and
                                                                               commitments;
       Intra-group transaction risk is the risk that arises as a result    5. Purchase or sale of assets from one LJK to another LJK
       of an entity's dependence, either directly or indirectly, on            in a Financial Conglomerate;
       other entities within a Financial Conglomerate in order to          6. Risk transfer through reinsurance; And
       fulfill written and unwritten agreement obligations which are       7. Transactions to divert third party risk exposure between
       followed by the transfer of funds and/or are not followed by            FSIs in the Financial Conglomerate.
       the transfer of funds.
                                                                           ADEQUACY OF RISK IDENTIFICATION, MEASUREMENT,
       PURPOSE OF INTRA-GROUP TRANSACTION RISK                             MONITORING AND CONTROL PROCESSES AND
       MANAGEMENT                                                          INTRA-GROUP TRANSACTION RISK MANAGEMENT
       The implementation of intra-group transaction risk                  INFORMATION SYSTEMS
       management in the BNI Financial Conglomerate aims to:               Implementing intra-group transaction risk management,
       1. Regulate and supervise the risks of intra-group transactions     BNI as the Main Entity carries out the process of identifying,
          of the Financial Conglomerate based on the principle of          measuring, monitoring and controlling risks for all material risk
          prudence;                                                        factors in an integrated manner, and supported by an adequate
                                                                           intra-group transaction risk management information system.
       2. Ensure that the integrated risk management process can
          minimize the possibility of negative impacts resulting from      1. Identify Intra-Group Transaction Risks
          the dependence of an LJK either directly or indirectly on           Identification of intra-group transaction risks is carried out
          other LJKs within a Financial Conglomerate, as well as              by analyzing the types of products and/or transactions
          negative impacts on the business conditions of the BNI              between LJKs in the BNI Financial Conglomerate which
          Financial Conglomerate as a whole.                                  could give rise to intra-group transaction risks in the BNI
                                                                              Financial Conglomerate.
       INTRA-GROUP TRANSACTION RISK MANAGEMENT
       PRINCIPLES                                                          2. Measurement of Intra-Group Transaction Risk
       There are several things that need to be done by BNI as the            The aim of measuring intra-group transaction risk is
                                                                              to obtain a ranking of the level of risk of the Financial
                                                                              Conglomerate's intra-group transactions.Things that need
                                                                              to be done by BNI as the main entity in measuring intra-
                                                                              group transaction risk is to develop a methodology for




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    measuring intra-group transaction risk and evaluate the suitability of assumptions, data sources and procedures used to
    measure intra-group transaction risk.

3. Intra-Group Transaction Risk Monitoring
   Intra-group transaction risk monitoring is carried out by evaluating the exposure to Intra-group Transaction Risk which is
   material or which has an impact on the capital condition of the Financial Conglomerate; as well as improving the reporting
   process and coverage, among other things, if there are material changes in business activities, products, transactions
   and risk factors.

    To assess material intra-group financial relationships between LJKs in the BNI Financial Conglomerate, it is measured
    based on the value of BNI's financial transactions with LJK members of the BNI Financial Conglomerate, as well as between
    fellow LJKs in the BNI Financial Conglomerate.

4. Intra-Group Transaction Risk Control
   order to implement risk control, BNI as the Main Entity ensures that the BNI Financial Conglomerate has control methods
   for intra-group transaction risks that could endanger the continuity of the Financial Conglomerate's business.

    Intra-group transaction risk control in the BNI Financial Conglomerate is carried out by paying attention to:
    a. Composition of inherent risk parameters of intra-group transactions in the integrated risk profile assessment;
    b. Fulfillment of the arm's length principle (transaction fairness) regarding intra-group transactions;
    c. Availability and completeness of intra-group transaction documentation; And
    d. Fulfillment of applicable legal/regulatory provisions for each intra-group transaction.

5. The intra-group transaction risk management information system includes:
   a. Intra-group transaction risk profile report which is part of the integrated risk profile report;
   b. Intra-group transaction report, containing:
      i) Recapitulation of transactions with related parties;
      ii) Important agreements with related parties.

BNI as the Main Entity prepares and submits intra-group transaction risk profile reports as part of the integrated risk profile
report and intra-group transaction reports to the Financial Services Authority on a semi-annual basis for June and December
reporting positions.

As of December 31, 2023, all intra-group transactions have been carried out fairly (meeting the arm's length principle).




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       Corporate Governance Aspects
       And Principles Implementation
       In Accordance With Financial
       Services Authority Regulations

       BNI always strives to implement the principles of Good Corporate Governance in every aspect of its business by referring to
       applicable laws and regulations as regulated in POJK No. 21/POJK.04/2015 concerning Implementation of Public Company
       Governance Guidelines and SEOJK No. 32/SEOJK.04/2015 concerning Public Company Governance Guidelines, there are
       5 (five) aspects, 8 (eight) principles and 25 (twenty five) recommendations for implementing aspects and principles of
       good corporate governance. Recommendations for implementing aspects and principles of good corporate governance
       in the Governance Guidelines are standards for implementing aspects and principles of good corporate governance that
       must be implemented by the Bank to implement governance principles. BNI implements these aspects, principles and
       recommendations based on the “comply or explain” approach in 2023 as follows:

                                                                               Statement of Financial Services             Explanation of Implementation
          No.        Principle                    Recommendation
                                                                                Authority Recommendations                              at BNI
            I        Aspect 1: Public Company Relationship with Shareholders in Ensuring Shareholder Rights
                                                                                                                           Voting procedures in making decisions
                                                                                                                           on a Company's GMS agenda are
                                                                                                                           carried out by voting both openly
                                                                                                                           and closed in accordance with
                                                                                                                           the 2022 Annual GMS and 2023
                                                                               Each share with voting rights issued        Extraordinary GMS rules, namely
                                                                               has one voting right (one share one         by the Shareholders or their Proxies
                                                                               vote). Shareholders can use their           raising their hands and handing over
                                                                               voting rights when making decisions,        their voting cards to the officers.
                                                                               especially when making decisions            and for shareholders or their proxies
                                                                               by collecting votes. However, the           who do not raise their hands, they
                                                                               decision-making mechanism by means          are deemed to have agreed to the
                                                                               of voting, both openly and privately,       proposal submitted in connection with
                                               Public Company have             has not been regulated in detail.           the Meeting Agenda being discussed.
                                               technical methods or            Public Company are recommended              Apart from that, voting was also carried
                     Principle 1               procedures for collecting       to have voting procedures in making         out using electronic voting provided
                     Increasing the Value of   votes (voting) both openly      decisions on a GMS agenda. The              by eASY.KSEI. Procedures and
                     Holding GMS               and privately that prioritize   voting procedures must maintain             procedures for calculating the quorum,
                                               independence, and               the independence or freedom of              questions and answers and meeting
                                               shareholder interests.          Shareholders. For example, voting           decision-making mechanisms have
                                                                               is done openly by raising hands in          been outlined in the GMS Rules and
                                                                               accordance with the choice instructions     Regulations which refer to Financial
                                                                               offered by the chairman of the GMS.         Services Authority Regulation No. 15/
                                                                               Meanwhile, closed voting is carried out     POJK.04/2020 concerning Planning
                                                                               on decisions that require confidentiality   and Organizing General Meetings of
                                                                               or at the request of Shareholders,          Shareholders of Public Company as
                                                                               by using voting cards or by using           well as Financial Services Authority
                                                                               electronic voting.                          Regulation no. 16/POJK.04/2020
                                                                                                                           concerning Implementation of
                                                                                                                           Electronic General Meetings of
                                                                                                                           Shareholders of Public Company.

                                                                                                                           Description: Comply




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                                                                  Statement of Financial Services           Explanation of Implementation
  No.      Principle                  Recommendation
                                                                   Authority Recommendations                            at BNI
                                                                                                           The Company has submitted a
                                                                                                           Publication of the Summary of Minutes
                                                                                                           of the 2022 BNI Annual GMS to the FSA
                                                                 The presence of all members of the
                                                                                                           via Letter Number CSE/7/1681 dated
                                                                 Board of Directors and members
                                                                                                           March 16 2023.
                                                                 of the Board of Commissioners of
                                   All members of the Board of   Public Company aims to ensure
                                                                                                           In accordance with the publication of
                                   Directors and members of      that each member of the Board of
                                                                                                           the Summary of Minutes of the 2022
                                   the Board of Commissioners    Directors and members of the Board of
                                                                                                           Annual GMS, all members of the Board
                                   of Public Company are         Commissioners can pay attention to,
                                                                                                           of Commissioners and Directors were
                                   present at the Annual GMS.    explain and answer directly problems
                                                                                                           present at the 2022 Annual GMS and
                                                                 that occur or questions raised by
                                                                                                           were able to interact well in responding
                                                                 Shareholders regarding the agenda at
                                                                                                           to and answering questions from
                                                                 the GMS.
                                                                                                           shareholders.

                                                                                                           Description: Comply
                                                                                                           The Company has submitted a
                                                                                                           Publication of the Summary of Minutes
                                                                                                           of the 2022 BNI Annual GMS to the FSA
                                                                 Public Company are required to            via Letter Number CSE/7/1681 dated
                                                                 prepare a summary of the minutes          March 16 2023.
                                                                 of the GMS in Indonesian and a
                                                                 foreign language (at least in English),   In addition, the Company has
                                                                 and announce it 2 (two) working           submitted a Publication of the
                                                                 days after the GMS is held to the         Summary of Minutes of the 2023
                                                                 public, one of which is via the Public    BNI Extraordinary GMS to FSA via
                                                                 Company Website. The availability of      Letter Number CSE/7/6030 dated 20
                                   A summary of the GMS          a summary of the GMS minutes on           September 2023.
                                   minutes is available on the   the Public Company Website provides
                                   Public Company Website for    an opportunity for Shareholders who       Publication of the Summary of Minutes
                                   at least 1 (one) year.        are not present to obtain important       of the 2022 Annual GMS and 2023
                                                                 information in holding the GMS easily     Extraordinary GMS is also delivered
                                                                 and quickly. Therefore, the provisions    through:
                                                                 regarding the minimum period for          • Indonesian Central Securities
                                                                 the availability of a summary of              Depository ("KSEI") website (www.
                                                                 the GMS minutes on the Website                ksei.co.id);
                                                                 are intended to provide sufficient        • Indonesian Stock Exchange website
                                                                 time for Shareholders to obtain this          (www.idx.co.id);
                                                                 information.                              • The Company's website is www.
                                                                                                               bni.co.id.

                                                                                                           Description: Comply
                                                                                                           The communication policy with
                                                                                                           Shareholders or investors is contained
                                                                 The existence of communication
                                                                                                           in the Investor Relations company
                                                                 between Public Company and
                                                                                                           guideline No. IN/41/KMP/001 dated 26
                                                                 Shareholders or investors is intended
                                                                                                           January 2015 which includes policies
                                                                 to ensure that Shareholders or
                                                                                                           on investor relations activities such
                                                                 investors gain a clearer understanding
                                                                                                           as analyst meetings, preparation of
                                                                 of information that has been published
                                                                                                           annual reports, investor meetings,
                                                                 to the public, such as periodic
                                                                                                           public exposes and roadshows.
                                                                 reports, information disclosure,
                                                                 business conditions or prospects
                                                                                                           The Company has held analyst
                                                                 and performance, as well as the
                                                                                                           meetings, annual reports and public
           Principle 2                                           Implementation of Public Company
                                                                                                           exposes and has published them on
           Improving the Quality                                 Governance. Apart from that,
                                   Public Company have a                                                   the PT Bursa Efek Indonesia website,
           of Public Company                                     Shareholders or investors can also
                                   communication policy with                                               the Company's website.
           Communication with                                    submit input and opinions to the
                                   shareholders or investors
           Shareholders or                                       management of the Public Company.
                                                                                                           This policy includes strategies,
           Investors.                                            The communication policy with
                                                                                                           programs and timing for implementing
                                                                 Shareholders or investors shows
                                                                                                           communications, as well as guidelines
                                                                 the Public Company's commitment
                                                                                                           that support Shareholders or investors
                                                                 to implementing communication
                                                                                                           to participate in communications. The
                                                                 with Shareholders or investors.
                                                                                                           existence of a communication policy
                                                                 This policy may include strategies,
                                                                                                           with Shareholders or investors shows
                                                                 programs and timing for implementing
                                                                                                           that the Company as a Public Company
                                                                 communications, as well as guidelines
                                                                                                           is committed to implementing
                                                                 that support Shareholders or
                                                                                                           communication with Shareholders or
                                                                 investors in participating in such
                                                                                                           investors.
                                                                 communications.
                                                                                                           Description: Comply




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                                                                           Statement of Financial Services                      Explanation of Implementation
          No.        Principle                  Recommendation
                                                                            Authority Recommendations                                       at BNI
                                                                           Disclosure of communication policies
                                                                           is a form of transparency regarding
                                                                                                                               Disclosure of communication policies
                                                                           the Public Company's commitment to
                                             The Public Company                                                                and communication agendas with
                                                                           providing equality to all Shareholders or
                                             discloses the Public                                                              Shareholders or investors have been
                                                                           investors regarding the implementation
                                             Company's communication                                                           uploaded to the Investor Relations
                                                                           of communications. Disclosure of this
                                             policy with shareholders or                                                       website.
                                                                           information also aims to increase the
                                             investors on the Website
                                                                           participation and role of Shareholders or
                                                                                                                               Description: Comply
                                                                           investors in implementing Public Company
                                                                           communication programs
           II        Aspect 2: Functions and Roles of the Board of Commissioners
                                                                           The number of members of the Board of
                                                                           Commissioners can influence the effectiveness
                                                                           of the implementation of the duties of the
                                                                           Board of Commissioners. Determining the
                                                                           number of members of a Public Company's
                                                                           Board of Commissioners must refer to                The number of members of the
                                                                           the provisions of applicable laws and               Board of Commissioners at BNI
                                                                           regulations, which is at least consisting of        as of December 31 2023 is 11
                     Principle 3                                           2 (two) people based on the provisions of           (eleven) people taking into account
                                             Determining the number
                     Strengthening                                         the Financial Services Authority regulations        the diversity of composition, this
                                             of members of the Board
                     the Membership                                        regarding the Board of Directors and Board of       number is deemed sufficient and in
                                             of Commissioners by
                     and Composition                                       Commissioners of Issuers or Public Company.         accordance with BNI's conditions and
                                             considering the conditions
                     of the Board of                                       Apart from that, it is also necessary to consider   adjusted to the provisions of Financial
                                             of the Public Company.
                     Commissioners                                         the conditions of Public Company, which             Services Authority Regulation No. 33/
                                                                           include, among other things, characteristics,       POJK.04/2014.
                                                                           capacity and size, as well as achieving goals
                                                                           and meeting different business needs among          Description: Comply
                                                                           Public Company. However, the number of
                                                                           members of the Board of Commissioners
                                                                           that is too large has the potential to disrupt
                                                                           the effectiveness of the implementation of the
                                                                           Board of Commissioners' functions.
                                                                           The composition of the Board of
                                                                           Commissioners is a combination of
                                                                           characteristics both in terms of the organs of      The current composition of the Board
                                                                           the Board of Commissioners and individual           of Commissioners meets the elements
                                                                           members of the Board of Commissioners,              of diversity, namely a combination of
                                             Determining the               in accordance with the needs of the Public          independence, expertise/education,
                                             composition of members of     Company.These characteristics can be                work experience, age, taking into
                                             the Board of Commissioners    reflected in determining the skills, knowledge      account the needs and complexity
                                             takes into account            and experience required in carrying out             of BNI. This has been explained in
                                             the diversity of skills,      supervisory duties and providing advice             the Sub-Chapter on Diversity in
                                             knowledge and experience      by the Board of Commissioners of a Public           the Composition of the Board of
                                             required.                     Company. A composition that takes into              Commissioners in this Governance
                                                                           account the needs of Public Company is a            Report.
                                                                           positive thing, especially regarding decision
                                                                           making in the context of implementing the           Description: Comply
                                                                           supervisory function which is carried out by
                                                                           considering various broader aspects.
                                                                           The Board of Commissioners' self-
                                                                                                                               The Self Assessment policy is to assess the
                                                                           assessment policy is a guideline used as
                                                                                                                               performance of the Board of Commissioners
                                                                           a form of accountability for the collegial
                                                                                                                               based on the achievement of the realization
                                                                           performance assessment of the Board
                                                                                                                               of the Board of Commissioners' work
                                                                           of Commissioners. Self Assessment or
                                                                                                                               program in accordance with the Board of
                                                                           self-assessment is carried out by each
                                                                                                                               Commissioners'Work Plan and Budget
                                                                           member to assess the implementation
                                                                                                                               (RKA) and through a GCG Self Assessment
                                                                           of the performance of the Board of
                                                                                                                               which includes indicators of the duties and
                                                                           Commissioners in a collegial manner, and
                                                                                                                               responsibilities of the Board of Commissioners.
                                                                           not to assess the individual performance
                                                                                                                               The Self Assessment policy to assess the
                                                                           of each member of the Board of
                                                                                                                               performance of the Board of Commissioners
                     Principle 4                                           Commissioners. With this Self Assessment,
                                                                                                                               based on the achievement of the realization
                     Improving the Quality   The Board of                  it is hoped that each member of the Board
                                                                                                                               of the Board of Commissioners' work
                     of Implementation       Commissioners has a self-     of Commissioners can contribute to
                                                                                                                               program in accordance with the Board of
                     of Duties and           assessment policy to assess   improving the performance of the Board
                                                                                                                               Commissioners'Work Plan and Budget (RKA)
                     Responsibilities        the performance of the        of Commissioners on an ongoing basis.
                                                                                                                               is described through advisory indicators
                     of the Board of         Board of Commissioners.       This policy may include the assessment
                                                                                                                               on performance, strengthening executive
                     Commissioners                                         activities carried out along with their
                                                                                                                               functions and monitoring compliance.
                                                                           aims and objectives, the timing of their
                                                                                                                               Meanwhile, the assessments contained in the
                                                                           implementation on a regular basis, and the
                                                                                                                               GCG Self Assessment are divided into 3 (three)
                                                                           benchmarks or assessment criteria used
                                                                                                                               benchmarks, namely Governance Process and
                                                                           in accordance with the recommendations
                                                                                                                               Governance Outcome. Governance structure
                                                                           provided by the nomination and
                                                                                                                               consists of 14 (fourteen) indicators, governance
                                                                           remuneration function of the Public
                                                                                                                               process consists of 17 (seventeen) indicators
                                                                           Company, where the existence of this
                                                                                                                               while governance outcomes consist of 6 (six)
                                                                           function is required in the Regulations.
                                                                                                                               indicators.
                                                                           Financial Services Authority regarding the
                                                                           Nomination and Remuneration Committee
                                                                                                                               Description: Comply
                                                                           of Issuers or Public Company.


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                                                                      Statement of Financial Services                 Explanation of Implementation
  No.      Principle                    Recommendation
                                                                       Authority Recommendations                                  at BNI
                                                                     Disclosure of the Self Assessment policy
                                                                     on the performance of the Board of              Disclosure of the Self Assessment
                                                                     Commissioners is carried out not only to        policy on the performance of the
                                                                     fulfill the transparency aspect as a form       Board of Commissioners. The self-
                                     The self-assessment             of accountability for the implementation        assessment policy contained in the
                                     policy for assessing the        of their duties, but also, to provide           RKA is conveyed through the Public
                                     performance of the Board of     confidence, especially to Shareholders or       Company's Annual Report, while the
                                     Commissioners is disclosed      investors regarding the efforts that need       results of the GCG Self Assessment on
                                     in the Public Company's         to be made to improve the performance           the duties and responsibilities of the
                                     Annual Report.                  of the Board of Commissioners. With this        Board of Commissioners are submitted
                                                                     disclosure, Shareholders or investors           to the regulator.
                                                                     know the check and balance mechanism
                                                                     for the performance of the Board of             Description: Comply
                                                                     Commissioners.
                                                                     The policy of resigning members of
                                                                     the Board of Commissioners who are
                                                                                                                     The resignation policy of the Board
                                                                     involved in financial crimes is a policy
                                                                                                                     of Commissioners is contained in the
                                                                     that can increase stakeholders' trust in
                                                                                                                     Articles of Association, namely Article
                                                                     Public Company, so that the company's
                                                                                                                     14 paragraph 16 c and f which states
                                                                     integrity will be maintained. This policy
                                                                                                                     that the dismissal of members of the
                                                                     is needed to help the legal process run
                                                                                                                     Board of Commissioners, among other
                                                                     smoothly and so that the legal process
                                                                                                                     things, if they are involved in actions
                                                                     does not interfere with the running of
                                                                                                                     that are detrimental to the Company
                                                                     business activities. Apart from that,
                                                                                                                     and/or the State, Article 14 paragraph 18
                                     The Board of                    from a morality perspective, this policy
                                                                                                                     which states that the decision to dismiss
                                     Commissioners has a policy      builds an ethical culture within the Public
                                                                                                                     is for this reason taken after the person
                                     regarding the resignation       Company environment. These policies
                                                                                                                     concerned is given the opportunity to
                                     of members of the Board of      can be included in the Guidelines or
                                                                                                                     defend themselves at the GMS, as well
                                     Commissioners if they are       Code of Ethics that apply to the Board
                                                                                                                     as Article 14 paragraph 26 f which states
                                     involved in financial crimes.   of Commissioners. Furthermore, what
                                                                                                                     that the position of a member of the
                                                                     is meant by being involved in a financial
                                                                                                                     Board of Commissioners automatically
                                                                     crime is the existence of a convicted
                                                                                                                     ends if they no longer fulfill the
                                                                     member of the Board of Commissioners
                                                                                                                     requirements as a member of the Board
                                                                     from the competent authority. Financial
                                                                                                                     of Commissioners based on these
                                                                     crimes include manipulation and various
                                                                                                                     Articles of Association and statutory
                                                                     forms of embezzlement in financial
                                                                                                                     regulations.
                                                                     services activities as well as criminal acts
                                                                     of money laundering as intended in Law
                                                                                                                     Description: Comply
                                                                     no. 8 of 2010 concerning Prevention and
                                                                     Eradication of Money Laundering.
                                                                     Based on the provisions of the Financial
                                                                     Services Authority Regulation concerning
                                                                                                                     One of the organs of the Board of
                                                                     Nomination and Remuneration
                                                                                                                     Commissioners is the Nomination and
                                                                     Committees for Issuers or Public Company,
                                                                                                                     Remuneration Committee which carries
                                     The Board of                    the committee carrying out the nomination
                                                                                                                     out nomination functions, including
                                     Commissioners or the            function has the task of formulating
                                                                                                                     assisting the Board of Commissioners
                                     Committee that carry            the policies and criteria required in the
                                                                                                                     in assessing the performance of
                                     out the Nomination and          nomination process for prospective
                                                                                                                     members of the Board of Directors
                                     Remuneration function           members of the Board of Directors. One
                                                                                                                     and/or members of the Board of
                                     prepares a succession policy    policy that can support the nomination
                                                                                                                     Commissioners based on benchmarks
                                     in the Nomination process       process as intended is the succession
                                                                                                                     that have been prepared as evaluation
                                     for members of the Board of     policy for members of the Board of
                                                                                                                     material, guided by BUMN regulation
                                     Directors.                      Directors.The policy regarding succession
                                                                                                                     No. Per-3/MBU/03/2023 2023.
                                                                     aims to maintain the continuity of the
                                                                     leadership regeneration or cadre process
                                                                                                                     Description: Comply
                                                                     at BNI in order to maintain business
                                                                     continuity and BNI's long-term goals.
   III     Aspect 3: Functions and Roles of the Board of Directors
                                                                     As a company organ with authority to
                                                                     manage BNI, determining the number
                                                                     of Directors greatly influences the
                                                                     performance of a Public Company.Thus, the
                                                                     determination of the number of members
                                                                     of the Board of Directors must be carried
                                                                     out through careful consideration and must      The number and capacity of members
                                                                     refer to the provisions of the applicable       of the Board of Directors are based
                                     Determining the number of       Laws and Regulations, which based on the        on the provisions of Financial
           Principle 5
                                     members of the Board of         Financial Services Authority Regulations        Services Authority Regulation No.
           Strengthening the
                                     Directors by considering the    concerning the Board of Directors and           33/POJK.04/2014. The number of
           Membership and
                                     condition of BNI Open and       Board of Commissioners of Issuers or Public     members of the Board of Directors
           Composition of the
                                     effectiveness in decision       Company consists of at least 2 (two) people.    as of December 31 2022 is 12 (twelve)
           Board of Directors.
                                     making.                         In addition, determining the number of          people.
                                                                     Board of Directors must be based on the
                                                                     need to achieve the goals and objectives        Description: Comply
                                                                     of the Public Company and adjusted to the
                                                                     conditions of the Public Company, including
                                                                     the characteristics, capacity and size of the
                                                                     Public Company as well as how effective
                                                                     the Board of Directors' decision making is
                                                                     achieved.

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                                                                             Statement of Financial Services             Explanation of Implementation
          No.        Principle                  Recommendation
                                                                              Authority Recommendations                              at BNI
                                                                             As with the Board of Commissioners,
                                                                             diversity in the composition of
                                                                             members of the Board of Directors is a
                                                                             combination of desirable characteristics
                                                                             both in terms of the Board of Directors     The current composition of BNI's
                                                                             and individual members of the Board         Board of Directors meets the elements
                                                                             of Directors, in accordance with the        of diversity, namely a combination of
                                             Determining the                 needs of the Public Company. This           independence, expertise/education,
                                             composition of members of       combination is determined by taking         work experience, age and gender by
                                             the Board of Directors takes    into account the appropriate skills,        taking into account BNI's needs and
                                             into account the diversity      knowledge and experience in the             complexity. This has been explained
                                             of skills, knowledge and        division of duties and functions of the     in the Sub-Chapter on Diversity
                                             experience required             Board of Directors in achieving the         of Directors' Composition in this
                                                                             goals of the Public Company. Thus,          Governance Report.
                                                                             consideration of the combination of
                                                                             characteristics referred to will have       Description: Comply
                                                                             an impact on the accuracy of the
                                                                             process of nominating and appointing
                                                                             individual members of the Board of
                                                                             Directors or collegial Directors.
                                                                                                                         The Finance Director, Novita Widya
                                                                                                                         Anggraini, has an educational
                                                                                                                         background in accounting economics
                                             Members of the Board of
                                                                             Members of the Board of Directors who       and throughout 2023 will increase her
                                             Directors who are in charge
                                                                             are in charge of accounting or finance      competency in this field. For further
                                             of accounting or finance
                                                                             have expertise and/or knowledge in          information, see the Company Profile
                                             have expertise and/or
                                                                             accounting.                                 Chapter, Directors Profile Sub-chapter,
                                             knowledge in accounting.
                                                                                                                         Page 94

                                                                                                                         Description: Comply
                                                                             As with the Board of Commissioners,
                                                                             the Board of Directors' Self Assessment
                                                                             policy is a guideline used as a form
                                                                             of accountability for the collegial
                                                                             assessment of the Directors'                The Board of Directors' performance
                                                                             performance. Self-assessment or             assessment policy is contained in
                                                                             self-assessment is carried out by each      the BOD's Guiding Principle Key
                                                                             member of the Board of Directors            Performance Indicator (KPI). The
                                                                             to assess the implementation of the         performance measurement of the
                                                                             performance of the Board of Directors       Board of Directors consists of several
                                                                             in a collegial manner, and not to assess    KPIs which are measured collegially
                                                                             the individual performance of each          among all Directors and are both
                                                                             member of the Board of Directors.           quantitative and qualitative in nature.
                     Principle 6                                             With this Self Assessment, it is hoped      This policy includes assessment
                                             The Board of Directors has
                     Improving the Quality                                   that each member of the Board of            activities carried out on several
                                             a self-assessment policy to
                     of Implementation of                                    Directors can contribute to improving the   factors, namely market capitalization,
                                             assess the performance of
                     Directors' Duties and                                   performance of the Board of Directors       profit, market share and leadership.
                                             the Board of Directors.
                     Responsibilities.                                       on an ongoing basis. This policy may        The Remuneration and Nomination
                                                                             include assessment activities carried out   Committee has evaluated and prepared
                                                                             along with their aims and objectives,       and provided recommendations to the
                                                                             the timing of their implementation on       Board of Commissioners regarding the
                                                                             a regular basis, and the benchmarks or      nomination and remuneration system/
                                                                             assessment criteria used in accordance      policy for Board of Commissioners,
                                                                             with the recommendations provided           Board of Directors, executive officers
                                                                             by the nomination and remuneration          and employees as a whole.
                                                                             function of the Public Company, where
                                                                             the establishment of this function          Description: Comply
                                                                             has been required in the Regulations.
                                                                             Financial Services Authority regarding
                                                                             the Nomination and Remuneration
                                                                             Committee of Issuers or Public Company.
                                                                             Disclosure of the Self Assessment
                                                                             policy on the performance of the
                                                                             Board of Directors is carried out not
                                                                                                                         Every year, the Board of Directors'
                                                                             only to fulfill the transparency aspect
                                             The self-assessment                                                         Performance Assessment is disclosed
                                                                             as a form of accountability for the
                                             policy for assessing the                                                    in the Annual Report which can be
                                                                             implementation of their duties, but
                                             performance of the Board of                                                 accessed by Shareholders/investors
                                                                             also to provide important information
                                             Directors is disclosed in the                                               and other stakeholders via the BNI
                                                                             regarding improvement efforts in the
                                             Public Company's annual                                                     website so that this information is
                                                                             management of Public Company.
                                             report. The Self-Assessment                                                 very useful in providing confidence
                                                                             This information is very useful in
                                             policy for assessing the                                                    to Shareholders or investors that
                                                                             providing confidence to Shareholders
                                             performance of the Board of                                                 there is certainty that the company's
                                                                             or investors that there is certainty that
                                             Directors is disclosed in the                                               management will continue to be
                                                                             company management will continue
                                             Public Company's annual                                                     carried out in a better direction.
                                                                             to be carried out in a better direction.
                                             report.
                                                                             With this disclosure, Shareholders or
                                                                                                                         Description: Comply
                                                                             investors know the check and balance
                                                                             mechanism for the performance of the
                                                                             Board of Directors.



1006   From Local to Global
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          Practices               Governance                  Responsibility               Commitment                   Statements




                                                                      Statement of Financial Services            Explanation of Implementation
  No.      Principle                    Recommendation
                                                                       Authority Recommendations                             at BNI
                                                                                                                The Company will act actively if a
                                                                                                                financial crime occurs, as stated in
                                                                                                                the Articles of Association, namely
                                                                                                                Article 11 paragraph 13 paragraph 23 in
                                                                                                                conjunction with Article 11 paragraph
                                                                                                                14 d which states that members of the
                                                                      The policy of resigning members of the    Board of Directors can be dismissed at
                                                                      Board of Directors who are involved       any time for reasons, among others,
                                                                      in financial crimes is a policy that      if they are involved in actions that are
                                                                      can increase stakeholders' trust in       detrimental to the Company and/or
                                                                      Public Company, so that the integrity     State, Article 11 paragraph 15 states that
                                                                      of the company will be maintained.        the decision to dismiss for this reason
                                                                      This policy is needed to help the legal   is taken after the person concerned
                                                                      process run smoothly and so that the      has been given the opportunity to
                                                                      legal process does not interfere with     defend himself at the GMS, and Article
                                                                      the running of business activities.       11 paragraph 24 f which states that the
                                                                      Apart from that, from a morality          position of a member of the Board of
                                     The Board of Directors           perspective, this policy will build       Directors automatically ends if they
                                     has a policy regarding the       an ethical culture within the Public      no longer fulfill the requirements as a
                                     resignation of members           Company environment. These policies       member of the Board of Directors based
                                     of the Board of Directors if     can be included in the Guidelines or      on these Articles of Association and
                                     they are involved in financial   Code of Ethics that apply to the Board    statutory regulations. Apart from that,
                                     crimes.                          of Directors. Furthermore, what is        the Articles of Association also state
                                                                      meant by being involved in a financial    that members of the Board of Directors
                                                                      crime is that a member of the Board of    can be temporarily dismissed by the
                                                                      Directors has a convicted status from     Board of Commissioners by stating the
                                                                      the authorized party. Financial crimes    reasons if the person concerned acts
                                                                      include manipulation and various          contrary to the Articles of Association
                                                                      forms of embezzlement in financial        or there are indications of causing
                                                                      services activities as well as criminal   losses to the Company or neglecting
                                                                      acts of money laundering as intended      their obligations or there are urgent
                                                                      in Law Number 8 of 2010 concerning        reasons for the Company. The Company
                                                                      Prevention and Eradication of Money       has a BNI Anti-Money Laundering and
                                                                      Laundering Crimes.                        Countering Financing of Terrorism (AML
                                                                                                                & CFT) Policy Statement in the context of
                                                                                                                enforcing Law no. 8 of 2010 concerning
                                                                                                                Prevention and Eradication of Money
                                                                                                                Laundering.

                                                                                                                Description: Comply
   IV      Aspect 4: Stakeholder Participation
                                                                      A person who has insider information
                                                                      is prohibited from carrying out
                                                                      securities transactions using inside
                                                                      information as intended in the Law
                                                                                                                BNI has a policy regarding insider
           Principle 7                                                on Capital Markets. Public Company
                                                                                                                information to prevent insider trading.
           Improving Corporate       Public Company have              can minimize the occurrence of insider
                                                                                                                This policy is outlined in the Company
           Governance Aspects        policies to prevent insider      trading through prevention policies,
                                                                                                                Guidelines (e-PP).
           through Stakeholder       trading                          for example by strictly separating
           Participation.                                             confidential data and/or information
                                                                                                                Description: Comply
                                                                      from public ones, as well as dividing
                                                                      duties and responsibilities for
                                                                      managing the information in question
                                                                      proportionally and efficiently.
                                                                                                                In order to comply with FSA
                                                                                                                regulations no. 39/POJK.03/2019
                                                                                                                concerning Implementation of Anti-
                                                                                                                Fraud Strategies for Commercial
                                                                                                                Banks SEBI No. 13/28/DPNP dated
                                                                      Anti-corruption policies are useful for
                                                                                                                9 December 2011 concerning the
                                                                      ensuring that Public Company business
                                                                                                                Implementation of an Anti-Fraud
                                                                      activities are carried out legally,
                                                                                                                Strategy to grow the Anti-Fraud
                                                                      prudently and in accordance with the
                                                                                                                Committee to foster anti-Fraud culture
                                                                      principles of good governance. This
                                                                                                                and awareness at all levels of the
                                                                      policy can be part of a code of ethics,
                                                                                                                organization. The no Fraud for our bank
                                                                      or in its own form. This policy may
                                     Public Company have anti-                                                  Policy and Principles are implemented
                                                                      include, among other things, programs
                                     corruption and anti-fraud                                                  through the Implementation of an
                                                                      and procedures carried out to
                                     policies.                                                                  Anti-Fraud Strategy. To measure the
                                                                      overcome corrupt practices, kickbacks,
                                                                                                                realization of a culture of compliance,
                                                                      fraud, bribery and/or gratification
                                                                                                                the Compliance Division has developed
                                                                      in Public Company. The scope of
                                                                                                                a tool called Compliance Index (CIX).
                                                                      the policy must describe the Public
                                                                                                                Meanwhile, anti-corruption policies
                                                                      Company's prevention of all corrupt
                                                                                                                have been regulated in the code of
                                                                      practices whether giving or receiving
                                                                                                                ethics, Gratification Guidelines and
                                                                      from other parties.
                                                                                                                BNI Whistleblowing System that can
                                                                                                                be accessed by all employees and
                                                                                                                stakeholders via the BNI website.

                                                                                                                Description: Comply



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                                                                        Statement of Financial Services              Explanation of Implementation
          No.        Principle            Recommendation
                                                                         Authority Recommendations                               at BNI
                                                                        Policies regarding supplier or vendor
                                                                        selection are useful for ensuring that       The Company has a policy for selecting
                                                                        Public Company obtain the required           and improving the capabilities
                                                                        goods or services at competitive prices      of suppliers or vendors which is
                                                                        and good quality. Meanwhile, the             outlined in the form of Company
                                                                        policy of increasing supplier or vendor      Guidelines (e-PP) for Procurement
                                                                        capabilities is useful for ensuring that     No. IN/156/PGV/017. The policy also
                                                                        the supply chain runs efficiently and        regulates Procurement Procedures
                                                                        effectively. The ability of suppliers or     including the methods and process
                                       Public Company have              vendors to supply/fulfill the goods or       flow. The implementation of this
                                       policies regarding the           services needed by the company will          policy is always implemented in the
                                       selection and improvement        affect the quality of the company's          process of Procurement of Goods
                                       of supplier or vendor            output. Implementation of these              and/or Services and is guided by all
                                       capabilities.                    policies can guarantee continuity of         employees. Providers of goods and/
                                                                        supply, both in terms of quantity and        or services required by BNI must
                                                                        quality required by Public Company.          be registered in the manual system
                                                                        The scope of this policy includes            or in the e-Procurement application
                                                                        criteria for selecting suppliers or          system. Notification of winners for
                                                                        vendors, transparent procurement             procurement of goods and/or services
                                                                        mechanisms, efforts to increase the          is also carried out transparently.
                                                                        capabilities of suppliers or vendors,
                                                                        and fulfillment of rights related to         Description: Comply
                                                                        suppliers or vendors.
                                                                                                                     Policies regarding creditor rights
                                                                                                                     have been stated in the agreement
                                                                                                                     in the event that BNI enters into
                                                                                                                     a loan agreement with creditors.
                                                                        Policies regarding the fulfillment of        In the agreement, the rights and
                                                                        creditors' rights are used as guidelines     obligations of the parties are stated,
                                                                        in making loans to creditors. The aim        related to creditor rights, for example
                                                                        of the policy in question is to ensure       providing transparent, accurate and
                                       Public Company have
                                                                        the fulfillment of rights and maintain       timely information both at the time of
                                       policies regarding fulfilling
                                                                        creditors' trust in Public Company.          request and use of a loan, maintaining
                                       creditor rights.
                                                                        This policy includes considerations in       appropriate financial ratios (Current
                                                                        entering into agreements, as well as         Ratio, DeR, Debt to Service Ratio). with
                                                                        follow-up actions in fulfilling the Public   the ratio agreed with creditors, submit
                                                                        Company's obligations to creditors.          annual audited financial reports within
                                                                                                                     the time period agreed with creditors,
                                                                                                                     and so on.

                                                                                                                     Description: Comply
                                                                        A well-drafted whistleblowing
                                                                        system policy will provide certainty
                                                                        of protection for witnesses or
                                                                        whistleblowers regarding indications         Management of the Whistleblowing
                                                                        of violations committed by employees         System (WBS) at BNI under the name
                                                                        or management of a Public Company.           "WBS to CEO". WBS is a commitment
                                                                        Implementation of these system               to creating a clean work environment
                                                                        policies will have an impact on              with integrity in the form of active
                                       Public Company have a            the formation of a good corporate            participation by BNI Hi-Movers to
                                       whistleblowing system            governance culture. The whistleblowing       report violations that occur within BNI.
                                       policy.                          system policy includes, among                You can report violations via WBS
                                                                        other things, the types of violations        carried out by telephone, email, letter
                                                                        that can be reported through the             or website.
                                                                        whistleblowing system, how to make
                                                                        complaints, protection and guarantee         Description: Comply
                                                                        of confidentiality of the reporter,
                                                                        handling of complaints, parties who
                                                                        manage complaints, and the results of
                                                                        handling and follow-up on complaints.




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          Practices              Governance                   Responsibility                Commitment                   Statements




                                                                      Statement of Financial Services            Explanation of Implementation
  No.      Principle                    Recommendation
                                                                       Authority Recommendations                             at BNI
                                                                                                                 In order to comply with article 23 of
                                                                                                                 FSA Regulation No 45/POJK.03/2015
                                                                                                                 concerning the Implementation of
                                                                      Long-term incentives are incentives
                                                                                                                 Governance in Providing Remuneration
                                                                      that are based on long-term
                                                                                                                 for Commercial Banks, for the 2022
                                                                      performance achievements. Long-
                                                                                                                 Performance which is paid in 2023,
                                                                      term incentive plans are based on
                                                                                                                 10% (ten percent) of the total Tantiem,
                                                                      the premise that the company's
                                                                                                                 will be paid as Variable remuneration
                                                                      long-term performance is reflected
                                                                                                                 is deferred for 3 years to the Board of
                                                                      by the growth in the value of shares
                                                                                                                 Directors and Board of Commissioners,
                                                                      or other long-term company targets.
                                                                                                                 as an implementation of Long Term
                                                                      Long-term incentives are useful in
                                                                                                                 Incentives.
                                                                      maintaining loyalty and providing
                                                                      motivation to Directors and employees
                                                                                                                 Tantiem in the form of deferred
                                                                      to improve their performance or
                                                                                                                 variable remuneration to non-
                                                                      productivity which will have an impact
                                                                                                                 independent members of the Board of
                                                                      on improving company performance
                                                                                                                 Directors and Board of Commissioners
                                                                      in the long term. The existence of a
                                     Public Company have a                                                       is given in the form of Company
                                                                      long-term incentive policy is a real
                                     policy of providing long-                                                   shares, while to members of the
                                                                      commitment of the Public Company
                                     term incentives to Board of                                                 Independent Board of Commissioners
                                                                      to encourage the implementation of
                                     Directors and employees                                                     it is given in the form of cash kept in
                                                                      providing long-term incentives to the
                                                                                                                 the form of deposits.
                                                                      Board of Directors and Employees with
                                                                                                                 The Company can postpone the
                                                                      terms, procedures and forms that are
                                                                                                                 payment of deferred Variable
                                                                      adapted to the long-term goals of the
                                                                                                                 Remuneration (Malus) or withdraw
                                                                      Public Company. The policy in question
                                                                                                                 Variable Remuneration that has been
                                                                      may include, among other things:
                                                                                                                 paid (clawback) to parties who are
                                                                      the aims and objectives of providing
                                                                                                                 Material Risk Takers under certain
                                                                      long-term incentives, conditions and
                                                                                                                 conditions.
                                                                      procedures for providing incentives,
                                                                      as well as conditions and risks that
                                                                                                                 This deferred Variable Remuneration
                                                                      Public Company must pay attention to
                                                                                                                 payment policy is BNI's commitment
                                                                      when providing incentives. The policy
                                                                                                                 which is adjusted to the Company's
                                                                      may also be included in the Public
                                                                                                                 long-term goals and statutory
                                                                      Company's existing remuneration
                                                                                                                 provisions.
                                                                      policy.

                                                                                                                 Description: Comply
   V       Aspect 5: Information Disclosure
                                                                      The use of information technology can
                                                                      be useful as a medium for information
                                                                                                                 Apart from the website, BNI also
                                                                      disclosure. The information disclosure
                                                                                                                 utilizes other information technology
                                                                      carried out is not only information
                                                                                                                 such as BNI Greeting email, X,
                                                                      disclosure that has been regulated
                                                                                                                 Instagram, and TikTok (@BNI46) as
                                                                      in statutory regulations, but also
                                                                                                                 a means of communication and a
                                     Public Company make              other information related to Public
           Principle 8                                                                                           medium for information disclosure.
                                     wider use of information         Company which is felt to be useful for
           Improving the                                                                                         Information disclosure carried out is
                                     technology apart from            Shareholders or investors to know.
           Implementation of                                                                                     not only disclosure of information
                                     Websites as a medium for         By utilizing information technology
           Information Disclosure.                                                                               regulated in statutory regulations but
                                     information disclosure           more widely apart from websites, it
                                                                                                                 also other information related to Public
                                                                      is hoped that companies can increase
                                                                                                                 Company which is felt to be useful for
                                                                      the effectiveness of disseminating
                                                                                                                 Shareholders/investors to know.
                                                                      company information. However, the
                                                                      use of information technology still
                                                                                                                 Description: Comply
                                                                      takes into account the company's
                                                                      benefits and costs.
                                                                      Legislation in the Capital Market sector
                                                                      which regulates the submission of
                                                                      annual reports of Public Company has
                                                                      regulated the obligation to disclose
                                                                      information regarding Shareholders
                                     The Annual Report of a           who own 5% (five percent) or more
                                     Public Company discloses         of the shares of a Public Company          The final beneficial owner of Public
                                     the ultimate beneficial          as well as the obligation to disclose      Company share ownership of at least
                                     owner in Public Company          information regarding the main             5% (five percent) has been disclosed in
                                     share ownership of at least      and controlling Shareholders of            the Annual Report Sub-chapter List of
                                     5% (five percent), in addition   Public Company either directly or          Shareholders and Sub-chapter Share
                                     to disclosure of the ultimate    indirectly up to the last beneficial       Ownership of Directors and Board of
                                     beneficial owner in Public       owner in ownership of the shares.          Commissioners.
                                     Company share ownership          In these Governance Guidelines it is
                                     through the main and             recommended to disclose the ultimate       Description: Comply
                                     controlling shareholders.        beneficial owner of Public Company
                                                                      share ownership of at least 5% (five
                                                                      percent), in addition to disclosing the
                                                                      ultimate beneficial owner of share
                                                                      ownership by the main and controlling
                                                                      Shareholders




                                                                                                Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1009
Page 423
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       Implementation Of Indonesian Corporate
       Governance General Guidelines (PUGKI)
       The Company applies the principles and recommendations of PUGKI 2021 based on an "comply/explain" approach with
       implementation details as follows:

        Principle                                             Recommendation                                                                     Implementation
        Principle 1:       1.1.   Roles and          1.1.1     To achieve sustainable value creation, the Board of
        Roles and                 Responsibilities             Directors carried out the leadership role and strives to
        Responsibilities          of the Board of              achieve the following governance results:
                                  Directors                    a. competitive and focused on long-term                     Comply
        of the Board
                                                                   performance;                                            In carrying out its duties and functions, the Board of Directors
        of Directors
                                                                                                                           focuses on long-term performance, upholds business ethics, is
        and Board of                                           b. ethical and responsible in running business;
                                                                                                                           responsible for the environment and society, and consistently
        Commissioners                                          c. contribute positively to society and the
                                                                                                                           makes improvements for sustainable growth.
                                                                   environment;
                                                               d. as well as ability to survive and grow
                                                                   (corporate resilience)
                                                     1.1.2.    The Board of Directors must ensure that the                 Comply
                                                               corporation's mission, vision, goals, objectives,           The Board of Directors focuses on developing technology
                                                               strategies and annual and medium-term plans are             infrastructure and digital innovation. This is done to support
                                                               consistent with long-term goals, by effectively utilizing   the achievement of the Company's vision, mission, goals,
                                                               innovation and technology.                                  objectives, strategies and short and long term plans.
                                                     1.1.3     . The Board of Directors ensures that the                   Comply
                                                               corporation implements appropriate and                      The Board of Directors implements risk management and
                                                               effective risk management and internal control              internal control systems effectively, proactively, forward
                                                               systems that are in line with the corporate vision,         looking, and in line with applicable laws and regulations and
                                                               mission, goals, objectives and strategies and               standards. This aims to support sustainable performance
                                                               comply with applicable laws and regulations and             achievement and growth and increase the Company's
                                                               standards.                                                  competitiveness.
                                                     1.1.4.                                                                Comply
                                                               The Board of Directors ensures the integrity of the
                                                                                                                           The Board of Directors ensures the integrity of the corporate
                                                               corporation's accounting and financial reporting
                                                                                                                           accounting and financial reporting system and timely and accurate
                                                               systems and the timely and accurate disclosure of
                                                                                                                           disclosure of all material information regarding the corporation.
                                                               all material information regarding the corporation.
                                                                                                                           This is part of the Company's risk management implementation.
                                                     1.1.5                                                                 Comply
                                                               The Board of Directors ensures that
                                                                                                                           The Board of Directors implements sustainability principles and
                                                               sustainability reporting has been prepared
                                                                                                                           ensures that sustainability reports are prepared in accordance
                                                               appropriately.
                                                                                                                           with applicable laws and regulations and standards.
                                                     1.1.6.                                                                Comply
                                                                                                                           The Board of Directors has developed and consistently updated
                                                               The Board of Directors establish a framework
                                                                                                                           the corporate Information Technology (“IT”) governance
                                                               for corporate information technology (IT)
                                                                                                                           framework to align with the Company's business needs and
                                                               governance that is aligned with corporate
                                                                                                                           priorities. The implementation of technological governance is
                                                               business needs and priorities, encourages
                                                                                                                           carried out through aligning the Company's IT Strategic Plan
                                                               business opportunities and performance,
                                                                                                                           with the Company's business strategy, optimizing resources,
                                                               strengthens risk management, and supports
                                                                                                                           utilizing IT, measuring performance, and implementing effective
                                                               corporate goals and strategies.
                                                                                                                           risk management while still complying with applicable laws and
                                                                                                                           regulations.
                                                     1.1.7.    For corporate that carry out business activities
                                                               based on Sharia principles, the Board of Directors
                                                                                                                           In 2023, the Company did not carry out business activities based
                                                               needs to ensure the authority and availability of
                                                                                                                           on sharia principles.
                                                               adequate supporting equipment so that the Sharia
                                                               Supervisory Board can carry out its role effectively.
                                                     1.1.8.    The Board of Directors' Charter is periodically             Comply
                                                               reviewed.The Charter includes, among other things,          The Board of Directors' Charter as stated in the Board of
                                                               the division of roles of individual Directors which can     Directors' Guidelines and Work Rules is reviewed periodically.
                                                               be regulated in the Board of Directors' Charter or by       This guideline regulates the division of duties and authority of
                                                               Board of Directors' Decree.                                 each member of the Board of Directors.
                                                     1.1.9.    The Board of Directors has a policy regarding the
                                                                                                                           Will Be Complied
                                                               resignation of members of the Board of Directors
                                                                                                                           The Company will update the Board of Directors' Charter/
                                                               if they are involved in financial crimes and are
                                                                                                                           Guidelines and Directors' Work Rules which contain this policy.
                                                               proven to have made a mistake.
                           1.2.   Performance        1.2.1.                                                                Applied
                                                               The Board of Commissioners conducts annual
                                  Assessment –                                                                             The Board of Commissioners , taking into account the KNR
                                                               formal evaluations objectively and independently
                                  Directors and                                                                            (Nomination and Remuneration Committee), evaluates the
                                                               to determine the effectiveness of the Board of
                                  Members                                                                                  effectiveness of the Board of Directors and each individual
                                                               Directors and each individual director.
                                                                                                                           Director.
                                                     1.2.2.    The Board of Commissioners, with the
                                                               consideration of the Nomination and                         Applied
                                                               Remuneration Committee, is responsible for                  The Board of Commissioners, taking into account the KNR,
                                                               determining performance evaluation criteria                 determines evaluation criteria and assesses the performance
                                                               and assessing the performance of the President              of the President Director and other members of the Board of
                                                               Director and other members of the Board of                  Directors based on directions from Shareholders (KBUMN)
                                                               Directors.




1010   From Local to Global
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Capital & Risk Management          Good Corporate             Social & Environmental                   ESG                             Financial
          Practices                 Governance                    Responsibility                    Commitment                        Statements




 Principle                                              Recommendation                                                                   Implementation
                    1.3.    Roles and          1.3.1.    The Board of Commissioners reviews the
                            Responsibilities             corporate strategy at least annually and approves
                                                                                                                 Applied
                            of the Board of              the mission, vision and corporate strategy
                                                                                                                 The Board of Commissioners has reviewed the corporate strategy
                            Commissioners                formulated by the Board of Directors. The Board
                                                                                                                 at least annually by providing approval for the Bank Business Plan
                                                         of Commissioners also reviews, provides advice
                                                                                                                 (RBB) and Company Budget Work Plan (RKAP) documents, as well
                                                         and approves business plans and long-term
                                                                                                                 as RBB and RKAP Revisions.The Board of Commissioners has also
                                                         financial plans and short-term financial plans of the
                                                                                                                 provided advice and monitored the Board of Directors regarding
                                                         corporation. The Board of Commissioners provides
                                                                                                                 implementation management through Board of Commissioners
                                                         advice and monitors the Board of Directors
                                                                                                                 Meetings inviting the Board of Directors every quarter to review the
                                                         regarding implementation management. The
                                                                                                                 Company's performance.The Board of Commissioners also prepares
                                                         Board of Directors and Board of Commissioners
                                                                                                                 an RBB Monitoring Report which is submitted to the competent
                                                         are involved in very important decisions for the
                                                                                                                 authority every semester.
                                                         corporation, regulated in the corporation's articles
                                                         of association.
                                               1.3.2.    The types of decisions that require approval from       Applied,
                                                         the Board of Commissioners must be disclosed            Based on BNI's Articles of Association, it is stipulated that the Board
                                                         in the annual report                                    of Commissioners has obligations, one of which is to provide written
                                                                                                                 approval for legal actions carried out by the Board of Directors as
                                                                                                                 required in BNI's Articles of Association, taking into account the laws
                                                                                                                 and regulations and provisions in the Capital Market sector, namely
                                                                                                                 as follows:
                                                                                                                 a. Releasing/transferring and/or pledging Company assets with criteria
                                                                                                                      and value exceeding a certain amount determined by the Board of
                                                                                                                      Commissioners, except for assets recorded as inventory, taking into
                                                                                                                      account provisions in the capital market and banking sector;
                                                                                                                 b. Cooperating with business entities or other parties, in the form
                                                                                                                      of Operational Cooperation (KSO), Business Cooperation (KSU),
                                                                                                                      License Cooperation, Build, Operate andTransfer (BOT), Build,
                                                                                                                      Transfer (Build,Transfer). and Operate/BTO), Build, Operate
                                                                                                                      and Own/BOO, and other agreements of the same nature
                                                                                                                      whose term or value exceeds that determined by the Board of
                                                                                                                      Commissioners;
                                                                                                                 c. Determine and change the Company's logo;
                                                                                                                 d. Establish an organizational structure 1 (one) level below the Board
                                                                                                                      of Directors;
                                                                                                                 e. Make capital investments, release capital investments, including
                                                                                                                      changes to the capital structure with a certain amount determined
                                                                                                                      by the Board of Commissioners in other companies, subsidiaries
                                                                                                                      and joint venture companies that are not in the context of saving
                                                                                                                      receivables by taking into account provisions in the Capital Market
                                                                                                                      sector;
                                                                                                                 f. Establish a subsidiary and/or joint venture company with a certain
                                                                                                                      value determined by the Board of Commissioners by taking into
                                                                                                                      account provisions in the Capital Market sector;
                                                                                                                 g. Proposing representatives of the Company to become
                                                                                                                      candidates for members of the Board of Directors and Board
                                                                                                                      of Commissioners in subsidiaries that make significant
                                                                                                                      contributions to the Company and/or have strategic value as
                                                                                                                      determined by the Board of Commissioners;
                                                                                                                 h. Carry out mergers, consolidations, takeovers, separations and
                                                                                                                    dissolution of subsidiaries and joint ventures with certain values
                                                                                                                    determined by the Board of Commissioners taking into account
                                                                                                                    provisions in the Capital Market sector;
                                                                                                                 i. Carry out actions which are included in material transactions as
                                                                                                                    determined by statutory regulations in the capital markets sector
                                                                                                                    with a certain value determined by the Board of Commissioners,
                                                                                                                    unless such actions are included in material transactions which are
                                                                                                                    excluded by the applicable Legislative Regulations in the Capital
                                                                                                                    Markets sector;
                                                                                                                 j. Actions that have not been specified in the RKAP;
                                                                                                                 k. Actions to transfer include selling, relinquishing the right to collect
                                                                                                                    and/or no longer collecting:
                                                                                                                    i. Bad principal receivables that have been written off in the
                                                                                                                        context of credit settlement, either in part or in whole; And
                                                                                                                    ii. The difference between the value of bad debts that have
                                                                                                                        been written off and the value of the transfer including sales
                                                                                                                        or the value of the disposal of rights; carried out based on the
                                                                                                                        policy of the Board of Directors which has been approved by
                                                                                                                        the Board of Commissioners and within the amount of the
                                                                                                                        ceiling (limit) for write-offs that has been determined by the
                                                                                                                        GMS which will remain in effect until a new ceiling (limit) is
                                                                                                                        determined by the GMS.

                                                                                                                 Approval of the Board of Commissioners regarding poin a, b, e, f,
                                                                                                                 g, and h above with certain limitations and/or criteria, determined
                                                                                                                 in accordance with the limitations and/or criteria that have received
                                                                                                                 approval from the Series A Dwiwarna Shareholders. Determination of
                                                                                                                 limits and/or criteria by the Board of Commissioners for the matters
                                                                                                                 referred to poin a, b, e, f, g, and h above have also been determined
                                                                                                                 by the Board of Commissioners in accordance with certain limits
                                                                                                                 and/or criteria that have received approval from Dwiwarna Series
                                                                                                                 A Shareholders above, and stated in the Decree of the Board of
                                                                                                                 Commissioners.


                                                                                                         Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk                          1011
Page 425
           2023               Management                         Company                        Management Discussion and                         Business Support
       Performance              Report                            Profile                     Analysis on Company Performance                        Functions




         Principle                                   Recommendation                                                                  Implementation
                                           1.3.3.     By taking into account the recommendations of
                                                      the Nomination and Remuneration Committee, the
                                                      Board of Commissioners proposes to, and is decided
                                                      by, the GMS the appointment and/or dismissal of
                                                      members of the Board of Directors and members
                                                      of the Board of Commissioners. In proposing the          Applied,
                                                      above, the Board of Commissioners pays attention to      Prior to the implementation of the GMS, an agenda for the
                                                      diversity, non-discriminatory elements and provides      Nomination and Remuneration Committee meeting was carried
                                                      equal opportunities without distinction between          out.
                                                      ethnicity, religion, race, group and gender.The Board
                                                      of Commissioners ensures that the nomination and
                                                      election process for members of the Board of Directors
                                                      and members of the Board of Commissioners is formal
                                                      and transparent.
                                           1.3.4.     The Board of Commissioners or the Committee
                                                      that carries out the nomination function prepares
                                                                                                               Applied,
                                                      a succession policy in the nomination process for
                                                                                                               The Board of Commissioners, through the Nomination
                                                      members of the Board of Directors. Every year, the
                                                                                                               and Remuneration Committee, is scheduled to discuss the
                                                      Board of Commissioners reviews reports on the
                                                                                                               development and succession of the Board of Directors
                                                      implementation of development and succession
                                                      plans submitted by the President Director.
                                           1.3.5.     Board of Commissioners
                                                      a. submit to the GMS, which may be preceded
                                                          by a proposal from the Committee carrying
                                                          out the remuneration function, the amount
                                                          of remuneration for members of the Board             Applied,
                                                          of Directors and members of the Board                The Nomination and Remuneration Committee conducts
                                                          of Commissioners that is in line with                discussions and proposals for remuneration. The Nomination
                                                          sustainable corporate development and the            and Remuneration Committee conducts studies and reviews of
                                                          long-term interests of the corporation and           Remuneration
                                                          shareholders;
                                                      b. periodically review the remuneration system
                                                          for the Board of Directors and Board of
                                                          Commissioners.
                                           1.3.6.                                                              Applied,
                                                                                                               The Board of Commissioners, also with the support of the
                                                                                                               Integrated Governance Committee as one of the organs of
                                                      The Board of Commissioners supervised the                the Board of Commissioners, has carried out its supervisory
                                                      effectiveness of corporate governance policies           function regarding through discussions with the Board of
                                                      and their implementation and proposes changes            Directors regarding the implementation of the Company's
                                                      if necessary.                                            Corporate Governance, as well as supervision of the Governance
                                                                                                               of Subsidiaries which are members of the BNI Financial
                                                                                                               Conglomerate in accordance with the concept Integrated
                                                                                                               Governance which is mandatory according to OJK Regulations.
                                           1.3.7.     The Board of Commissioners supervises and                Applied,
                                                      directs the corporation to implement appropriate         The Board of Commissioners has carried out monitoring and
                                                      and effective risk management and internal               supervision, including providing suggestions and advice to the
                                                      control systems that are in line with corporate          Board of Directors, through a series of meetings between the
                                                      goals, objectives and strategies and comply              Board of Commissioners and the Board of Directors, to discuss
                                                      with applicable laws and regulations, codes of           the implementation of Risk Management in the Company, and
                                                      conduct and standards.                                   the implementation of the Internal Control System.
                                           1.3.8.                                                              Applied,
                                                                                                               The Board of Commissioners has discussed with the Board of
                                                      The Board of Commissioners supervises and
                                                                                                               Directors regarding the Determination of an External KAP for
                                                      directs the achievement of the integrity of the
                                                                                                               the Audit of BNI's Annual Financial Report and Other Reports for
                                                      corporate accounting and financial reporting
                                                                                                               the Fiscal Year, as well as discussions on the Company's Annual
                                                      system, as well as the independence of the
                                                                                                               Audit and Consultation Plan in order to achieve the integrity of the
                                                      internal and external audit functions.
                                                                                                               corporate accounting and financial reporting system, as well as the
                                                                                                               independence of the internal and external audit functions.
                                           1.3.9.                                                              Applied,
                                                      The Board of Commissioners supervises,                   The Board of Commissioners has monitored and reviewed the
                                                      reviews and approves the Corporation's annual            annual report prepared by the Company, including making sure to
                                                      reports and sustainability reports and ensures           include information regarding the Board of Commissioners that
                                                      their integrity, as well as oversees the corporate       must be included in the Annual Report, so that disclosure of the
                                                      disclosure and communication process.                    Company's governance from the Annual Report is ensured to have
                                                                                                               been carried out.
                                           1.3.10.                                                             Applied,
                                                                                                               The Board of Commissioners has guidelines and work rules
                                                                                                               for the Board of Commissioners and Rules for Meetings of
                                                                                                               the Board of Commissioners and Meetings of the Board of
                                                      The Board of Commissioners Charter is                    Commissioners with the Board of Directors, which serve
                                                      periodically reviewed.                                   as guidelines in carrying out its duties and functions. Each
                                                                                                               Committee of the Board of Commissioners, as a form of Organ
                                                                                                               of the Board of Commissioners, specifically also has guidelines
                                                                                                               stated in the Committee Charter, which are updated periodically
                                                                                                               and approved by the Board of Commissioners.




1012   From Local to Global
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Capital & Risk Management           Good Corporate             Social & Environmental                  ESG                            Financial
          Practices                  Governance                    Responsibility                   Commitment                       Statements




 Principle                                               Recommendation                                                                 Implementation
                                               1.3.11.                                                           Applied
                                                                                                                 The Board of Commissioners has guidelines and work rules for the
                                                                                                                 Board of Commissioners which regulate the dismissal of the Board
                                                                                                                 of Commissioners. In accordance with the Articles of Association,
                                                          The Board of Commissioners has a policy
                                                                                                                 the Rules and Regulations stipulate that members of the Board
                                                          regarding the resignation of members of the
                                                                                                                 of Commissioners can be dismissed at any time based on a GMS
                                                          Board of Commissioners if they are involved in
                                                                                                                 decision, among other things, if they violate the provisions of the
                                                          financial crimes and are proven to have made a
                                                                                                                 Articles of Association and/or statutory regulations; involved in
                                                          mistake.
                                                                                                                 actions that are detrimental to the Company and/or the state; carry
                                                                                                                 out actions that violate the ethics and/or propriety that should
                                                                                                                 be respected as a member of the Board of Commissioners; or
                                                                                                                 declared guilty by a court decision that has permanent legal force.
                                               1.3.12.                                                           Applied,
                                                                                                                 All Independent Commissioners have no financial,
                                                                                                                 management, share ownership and/or family relationships
                                                          Independent commissioners are highly expected          with members of the Board of Directors, other members of the
                                                          to be able to contribute to honest, objective,         Board of Commissioners and/or controlling shareholders, or
                                                          active and constructive discussions at Board of        relationships with the Bank that could affect their ability to act
                                                          Commissioners meetings.                                independently. This independence shows the objectivity of the
                                                                                                                 Independent Commissioner in carrying out his duties, to play
                                                                                                                 an active, objective and constructive role in carrying out his
                                                                                                                 functions.
                                               1.3.13.    President Commissioner acts as coordinator
                                                                                                                 Applied,
                                                          of the Board of Commissioners and ensures
                                                                                                                 The President Commissioner has carried out his functions
                                                          its effectiveness. The Chief Commissioner
                                                                                                                 optimally, both in his role as coordinator of the Board of
                                                          encourages a culture of openness and
                                                                                                                 Commissioners in ensuring the effectiveness of the duties and
                                                          constructive dialogue that allows a variety of
                                                                                                                 responsibilities of the Board of Commissioners, including in
                                                          views to be expressed, including coordinating
                                                                                                                 carrying out his duties as Chair of the Integrated Governance
                                                          the setting of appropriate board meeting
                                                                                                                 Committee and the Nomination and Remuneration Committee,
                                                          agendas and ensuring sufficient time is available
                                                                                                                 in accordance with his duties and functions. The President
                                                          to discuss all agenda items. Apart from that,
                                                                                                                 Commissioner's active role is demonstrated in leading the
                                                          there must also be an opportunity for the Board
                                                                                                                 Board of Commissioners Meetings according to the agendas
                                                          of Commissioners to meet with the Board of
                                                                                                                 that must be discussed, and making collegial decisions.
                                                          Directors and senior management.
                    1.4.    Committee          1.4.1.     The Corporation has committees under the               Applied,
                            Formation                     Board of Commissioners consisting of at least:         The Board of Commissioners has formed committees under
                                                          Audit Committee, Nomination and Remuneration           the Board of Commissioners consisting of the Nomination and
                                                          Committee, and Risk Management Monitoring              Remuneration Committee, Integrated Governance Committee,
                                                          Committee.                                             Risk Monitoring Committee and Audit Committee.
                                               1.4.2.     The Board of Commissioners ensures
                                                                                                                 Applied,
                                                          that all members of the Audit Committee
                                                                                                                 The Board of Commissioners has ensured that all members of the
                                                          are independent and that the majority of
                                                                                                                 Audit Committee are independent parties, including Independent
                                                          other committees formed by the Board of
                                                                                                                 Commissioners and Independent Parties (Non-Commissioners)
                                                          Commissioners are independent, and that all
                                                                                                                 whose competencies and capabilities are in accordance with the
                                                          committee members are competent, committed
                                                                                                                 needs of the Audit Committee's duties, and ensure that the duties are
                                                          and have sufficient authority to carry out their
                                                                                                                 carried out effectively and independently.
                                                          roles effectively and independently.
                                               1.4.3.     To ensure that monitoring of the implementation
                                                                                                                 Applied,
                                                          of the Audit Committee's duties is objective and
                                                                                                                 The Board of Commissioners has confirmed that the Company's
                                                          independent, President Commissioner may not
                                                                                                                 President Commissioner does not hold the position of Chair of
                                                          be chairman of the Audit Committee, except
                                                                                                                 the Audit Committee, and has also confirmed that the Chair of
                                                          in extraordinary circumstances which must be
                                                                                                                 the Audit Committee is held by an Independent Commissioner.
                                                          explained in the annual report.
                    1.5.    Performance        1.5.1.                                                            Applied,
                            Assessment                                                                           The Performance Assessment of the Board of Commissioners
                            - Board of                                                                           has been carried out collegially and reported to Shareholders at
                            Commissioners                                                                        the Annual General Meeting of Shareholders (GMS) through the
                                                          The Board of Commissioners conducts an annual
                            and Members                                                                          presentation of the Board of Commissioners' performance as
                                                          formal evaluation objectively to determine the
                                                                                                                 contained in the Board of Commissioners' Supervision Report.
                                                          effectiveness of the Board, its committees and
                                                                                                                 The Board of Commissioners also periodically evaluates the
                                                          each individual commissioner.
                                                                                                                 committees under its authority, including the Audit Committee,
                                                                                                                 Risk Monitoring Committee, Nomination and Remuneration
                                                                                                                 Committee, Risk Monitoring Committee and Integrated
                                                                                                                 Governance Committee.
                    1.6.    Conflict of        1.6.1.     Members of the Board of Directors who hold
                            Interest                      concurrent positions outside the corporation
                                                          must obtain approval from the Board of
                                                          Commissioners. A Commissioner notifies
                                                          the Board of Commissioners and the chair of
                                                                                                                 There are no Directors who have concurrent positions.
                                                          the committee performing the nominating
                                                          function, before accepting a new appointment
                                                          as director or commissioner of a publicly traded
                                                          corporation, other directorship or other position
                                                          with a significant time commitment.
                                               1.6.2.     The Board of Commissioners monitors and manages
                                                          potential conflicts of interest of management,
                                                                                                                 Applied,
                                                          members of the Board of Directors, Board of
                                                                                                                 The Board of Commissioners objectively continues to carry out its
                                                          Commissioners and shareholders, including misuse
                                                                                                                 supervisory function over the Company's performance through
                                                          of corporate assets and misuse in related party
                                                                                                                 meetings of the Board of Commissioners and Directors which,
                                                          transactions. Commissioners who have a conflict of
                                                                                                                 among other things, discuss the Company's performance, which
                                                          interest do not participate in monitoring and making
                                                                                                                 of course ensures achievement of targets and is in line with the
                                                          decisions regarding potential conflicts of interest
                                                                                                                 direction and objectives of the Company.
                                                          involving the Commissioner or affiliates of the
                                                          Commissioner concerned.


                                                                                                         Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk                     1013
Page 427
           2023                     Management                          Company                            Management Discussion and                         Business Support
       Performance                    Report                             Profile                         Analysis on Company Performance                        Functions




         Principle                                         Recommendation                                                                       Implementation
                         1.7    Increasing the    1.7.1.    The Board of Commissioners ensures that
                                                                                                                         Applied,
                                Competency                  members of the Board of Directors and Board
                                                                                                                         Before carrying out their duties and functions as Commissioners
                                of Members                  of Commissioners understand their roles and
                                                                                                                         / Directors, the Board of Commissioners and Directors have
                                of the Board                responsibilities, corporate characteristics and
                                                                                                                         participated in a series of induction activities to ensure
                                of Directors                operations, relevant laws and regulations and
                                                                                                                         understanding of their respective duties and responsibilities
                                and Board of                standards as well as other applicable obligations.
                                                                                                                         in accordance with regulations. Periodically, the Board of
                                Commissioners               The Board of Directors through the corporate
                                                                                                                         Commissioners and Directors also participate in competency
                                                            secretary supports all members of the Board
                                                                                                                         development activities that support the implementation of their
                                                            of Directors and Board of Commissioners in
                                                                                                                         duties and responsibilities in updating and refreshing their skills
                                                            updating and refreshing their skills and knowledge
                                                                                                                         and knowledge needed to carry out their respective roles.
                                                            necessary to carry out their roles on the Board.
         Principle 2:    2.1.   Composition       2.1.1.    In determining prospective director candidates, the
         Composition            of the Board of             Board of Commissioners through the Nomination
         and                    Directors                   and Remuneration Committee does not only rely on
                                                                                                                         Applied,
         Remuneration                                       recommendations from the Board of Commissioners,
                                                                                                                         Candidates for director nominee have the results of assessments
         of the Board                                       management or majority shareholders.The Board
                                                                                                                         from independent parties
         of Directors                                       of Commissioners through the Nomination and
                                                                                                                         TB
         and Board of                                       Remuneration Committee can use independent
         Commissioners                                      sources to determine candidates who meet the
                                                            requirements.
                                                  2.1.2     . The Board of Commissioners ensures that the
                                                            criteria for selecting members of the Board of
                                                                                                                         Applied,
                                                            Directors include at least the knowledge, abilities
                                                                                                                         Through KNR, Board of Commissioners screen the candidates
                                                            and skills required to appropriately fulfill the role
                                                                                                                         according to the criteria
                                                            of the Board of Directors and pay attention to the
                                                            fulfillment of the diversity of the Board of Directors.
                                                  2.1.3.    Corporate policies regarding diversity among the             The corporate policy regarding diversity on the Board of
                                                            Board of Directors and Board of Commissioners are            Commissioners has been disclosed in the Company's Annual
                                                            disclosed in the Annual Report.                              Report.
                                                  2.1.4.    The Board of Commissioners ensures that the
                                                            policies and procedures for the selection and
                                                            nomination of Commissioners are clear and
                                                                                                                         Applied,
                                                            transparent so as to produce the desired Board
                                                                                                                         Transparent and uses independent consultants
                                                            composition. The Board of Commissioners uses
                                                            independent sources to determine qualified
                                                            candidates.
                                                  2.1.5.    The Board of Commissioners/Committee which
                                                            carries out the nomination function determines
                                                            nomination procedures and criteria that are
                                                                                                                         Applied,
                                                            consistent with the Board of Commissioners' skills
                                                                                                                         Determination of nomination procedures and criteria consistent
                                                            matrix which has been approved by the Board of
                                                                                                                         with the Board of Commissioners' expertise matrix
                                                            Commissioners and ensures that the candidate
                                                            profile meets the requirements set out in the skills
                                                            matrix and nomination criteria.
                                                  2.1.6.                                                                 Applied,
                                                                                                                         The diversity in the composition of BNI's Board of Commissioners
                                                                                                                         implemented is in line with the mandate of the Financial
                                                                                                                         Services Authority as stated in the Financial Services Authority's
                                                                                                                         recommendation that provisions regarding diversity in the
                                                                                                                         composition of the Board of Commissioners and Directors have
                                                                                                                         been included in the Attachment to Financial Services Authority
                                                            The composition of the Board of Commissioners                Circular Letter No. 32/SEOJK.04/2015 dated 27 November 2015
                                                            must be formed in such a way that its members as a           concerning Public Company Governance Guidelines, which
                                                            group reflect the diversity in terms of abilities, skills,   regulates the composition of the Board of Commissioners as a
                                                            knowledge, experience, age, cultural background and          combination of characteristics both in terms of the organs of the
                                                            gender required to appropriately fulfill the role of the     Board of Commissioners and individual members of the Board of
                                                            Board of Commissioners.                                      Commissioners, in accordance with the needs of the Public Company.
                                                                                                                         These characteristics can be reflected in determining the skills,
                                                                                                                         knowledge and experience required in carrying out supervisory duties
                                                                                                                         and providing advice by the Board of Commissioners of a Public
                                                                                                                         Company. A composition that takes into account the needs of Public
                                                                                                                         Companies is a positive thing, especially regarding decision making in
                                                                                                                         the context of implementing the supervisory function which is carried
                                                                                                                         out by considering various broader aspects.
                                                  2.1.7.    To enable the Board of Commissioners to
                                                            provide independent advice and supervision to
                                                                                                                         Applied,
                                                            the Board of Directors and for roles where there
                                                                                                                         The Board of Commissioners has a number of Independent
                                                            is a potential conflict of interest, the Board of
                                                                                                                         Commissioners that is in accordance with applicable laws
                                                            Commissioners consists of a sufficient number
                                                                                                                         and regulations, including ensuring that the terms of office
                                                            of Independent Commissioners, with limited
                                                                                                                         of Independent Commissioners are also limited, with terms
                                                            terms of office and disclosure of the term of
                                                                                                                         of office that have been published in the Company's Annual
                                                            membership of the Board of Commissioners
                                                                                                                         Report.
                                                            and their independence. from a corporate
                                                            perspective.
                                                  2.1.8.    To facilitate the effective functioning of the Board
                                                            of Directors and Board of Commissioners and to
                                                            increase investor and stakeholder confidence, the
                                                                                                                         Applied,
                                                            Nomination and Remuneration Committee ensures
                                                                                                                         Through the General Meeting of Shareholders (GMS) process
                                                            that there is a formal, strict and transparent
                                                                                                                         TB
                                                            process for the appointment and appointment of
                                                            members of the Board of Directors and Board of
                                                            Commissioners




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Capital & Risk Management          Good Corporate              Social & Environmental                     ESG                             Financial
          Practices                 Governance                     Responsibility                      Commitment                        Statements




 Principle                                              Recommendation                                                                      Implementation
                    2.2.    Remuneration       2.2.1.    The remuneration policy for members of the Board of
                            of Directors                 Directors consists of a remuneration structure that is
                            and Board of                 oriented towards sustainable corporate development and
                            Commissioners                encourages the achievement of long-term goals. Directors'
                                                         remuneration must be proposed, possibly through the
                                                         Nomination and Remuneration Committee, by the Board
                                                         of Commissioners to be decided by the GMS.The amount
                                                         of remuneration proposed to the GMS is determined
                                                         by considering the role of each member of the Board         Comply
                                                         of Directors and the economic situation and corporate       As disclosed in this Annual Report, the remuneration structure of
                                                         performance.                                                the Board of Directors and Board of Commissioners is prepared
                                                                                                                     by taking into account the principle of prudent risk taking, to
                                               2.2.2.    The remuneration policy for members of the Board of         encourage the maintenance of the Company's business continuity.
                                                         Commissioners consists of a remuneration structure          As an implementation, in 2023 there will be a suspension of
                                                         that is oriented towards sustainable corporate              variable components of the remuneration of the Board of Directors
                                                         development and encourages the achievement                  and Board of Commissioners, for a certain period of time.
                                                         of long-term goals.The amount of remuneration               In accordance with the Nomination and Remuneration Committee
                                                         proposed by the Board of Commissioners to the GMS           Charter published on the Company's website, the functions of
                                                         is determined by considering the role of each member        the Nomination and Remuneration Committee include preparing
                                                         of the Board of Commissioners and the economic              and providing recommendations to the Board of Commissioners
                                                         situation and corporate performance. Apart from that,       regarding the structure, policies and amount of remuneration.
                                                         consideration must also be given to his position as         As stated in this Annual Report, at the Company's Annual GMS
                                                         President Commissioner and chairman as well as his          held on March 15 2023 there was an agenda item discussing
                                                         membership in committees.                                   the determination of remuneration (salary/honorarium, facilities
                                                                                                                     and allowances) for 2023 as well as bonuses for the 2022
                                               2.2.3.    To ensure that remuneration packages are                    Financial Year for the Company's Board of Directors and Board of
                                                         determined based on the achievements,                       Commissioners.
                                                         qualifications and competencies of directors and
                                                         commissioners by taking into account corporate
                                                         operational performance, individual performance
                                                         and market conditions, the Nomination and
                                                         Remuneration Committee ensures that there are
                                                         fair and transparent procedures for determining
                                                         remuneration policies for members of the Board of
                                                         Directors and Board of Commissioners.
 Principle 3:       3.1.    Nature of          3.1.1.    There are open discussions between the Board of
 Working                    Employment                   Directors and the Board of Commissioners as well
 Relationship               Relationships                as between members of the Board of Directors and
 between                                                 members of the Board of Commissioners. However,             Comply
 the Board of                                            it is still important to maintain the confidentiality       The Company's Directors and Board of Commissioners
 Directors and                                           of information to prevent leaks of confidential             synergistically work together in formulating the corporate
 the Board of                                            information.                                                vision, mission and strategy through forums of Board of
 Commissioners                                                                                                       Commissioners and Board of Directors meetings, Board of
                                               3.1.2.    In accordance with their respective duties and              Directors and Board of Commissioners meetings, Board of
                                                         roles, the Board of Directors collaborates with             Commissioners meetings inviting relevant Directors, as well as
                                                         the Board of Commissioners in formulating                   other forums and meetings.
                                                         the corporate mission, vision and strategy and              Mr. Okki Rushartomo as Corporate Secretary has a
                                                         regularly discusses their implementation.                   strategic role in supporting the effectiveness of the working
                                                                                                                     relationship between the Board of Directors and the Board
                                               3.1.3.    The Corporate Secretary has an important role               of Commissioners, as well as actively encouraging the
                                                         in supporting the effectiveness of the working              implementation of good corporate governance practices,
                                                         relationship between the Board of Directors and             including communication with shareholders and other
                                                         the Board of Commissioners, encouraging the                 stakeholders.
                                                         implementation of good corporate governance
                                                         practices, including effective communication with
                                                         shareholders and other stakeholders.
                    3.2.    Access to          3.2.1.    The Board of Directors is responsible for ensuring
                                                                                                                     Comply
                            Information on               that the Board of Commissioners has access to
                                                                                                                     To ensure that the supervisory function of the Board of
                            the Board of                 accurate, relevant and timely information.The Board
                                                                                                                     Commissioners can run effectively, the Board of Directors ensures
                            Commissioners                of Commissioners itself ensures that it obtains
                                                                                                                     that the Board of Commissioners has access to information that is
                                                         adequate information.The Board of Directors
                                                                                                                     accurate, relevant and timely.The Company's Articles of Association
                                                         provides information to the Board of Commissioners
                                                                                                                     and internal policies ensure the availability of information for the
                                                         regularly, without delay and comprehensively on
                                                                                                                     Board of Commissioners, including the authority of the Board of
                                                         all issues relevant to the corporation.The Board of
                                                                                                                     Commissioners to at any time request the Board of Directors to
                                                         Commissioners may at any time ask the Board of
                                                                                                                     provide additional information.
                                                         Directors to provide additional information.
                    3.3.    Responsibility     3.3.1.
                            of the Board
                                                         The impact of ownership structure on corporations.
                            of Directors
                                                         The Board of Directors and Board of Commissioners           Comply
                            and Board of
                                                         consider their responsibilities in the context of the       The Company's Board of Directors and Board of Commissioners
                            Commissioners
                                                         share ownership structure and relationships between         carry out their duties and responsibilities objectively and
                            for the Impact
                                                         corporate shareholders that may have an impact on           independently.
                            of Ownership
                                                         the management and operations of the corporation.
                            Structure on the
                            Corporation




                                                                                                             Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk                    1015
Page 429
           2023                         Management                           Company                           Management Discussion and                            Business Support
       Performance                        Report                              Profile                        Analysis on Company Performance                           Functions




         Principle                                              Recommendation                                                                         Implementation
         Principle 4:        4.1.   Code of Ethics     4.1.1.    This statement is outlined in the Code of Business
         Ethical and                and Conduct                  Conduct and Ethics which must clearly express the
         Responsible                                             corporation's expectations that each member of the
         Behavior                                                Board of Directors and Board of Commissioners as well
                                                                 as employees will:
                                                                 • Acting in the best interests of the corporation;
                                                                 • Act honestly and with high standards of integrity;
                                                                 • Be independent and act based on complete
                                                                     information, in good faith, with due diligence and
                                                                     care;                                                      Comply
                                                                 • Comply with the laws and regulations that apply to           The Company has a Code of Ethics document which is an internal
                                                                     the corporation and its operations;                        company guideline containing a system of values, business
                                                                 • Avoid actions that violate laws and regulations              ethics, work ethics, commitment, and enforcement of company
                                                                     or unethical actions based on corporate ethical            regulations for every Company employee in carrying out business
                                                                     guidelines;                                                and other activities, as well as in interacting with stakeholders.
                                                                 • Not be involved or participate in any activity that will
                                                                     create a conflict of interest with the best interests of   The Board of Directors has established policies and practices for
                                                                     the corporation or that will have a negative impact        anti-money laundering and terrorism financing, anti-bribery, anti-
                                                                                                                                corruption, anti-fraud, involvement in politics as outlined in the
                                                                     on the corporation's reputation;
                                                                                                                                Company's Anti-Money Laundering and Prevention of Terrorism
                                                                 • Do not take advantage of property or information
                                                                                                                                Financing (APU-PPT) Guidelines, which have been outlined in
                                                                     owned by the corporation, ownership of other               the Company's Guidelines Online (e-PP) No. IN/12/KPN/002
                                                                     assets or its customers for personal gain or which         dated January, 3 2023, Anti-Fraud Strategy Company Guidelines,
                                                                     causes losses to the corporation and its customers;        which have been outlined in Online Company Guidelines (e-PP)
                                                                 • Not taking advantage of his position or the                  No. IN/0/SAF/002 dated July, 18 2023; Anti-Bribery Management
                                                                     opportunities resulting from his position for              System Company Guidelines, which have been outlined in Online
                                                                     personal gain;                                             Company Guidelines (e-PP) No. IN/004/CMP/004 dated November
                                                                 • Avoid the act of requesting or receiving from a              15, 2023; and Company Guidelines for Gratification Control, which
                                                                     third party payments, gratuities or other benefits         have been outlined in Online Company Guidelines (e-PP) No.
                                                                     for oneself or for another person which creates a          IN/726/KPN/002 dated September, 24 2021;
                                                                     conflict of interest/provides benefits to a third party
                                                                     in violation of statutory regulations;
                                                                 • Respect differences of opinion and the rights of
                                                                     every member of the Board of Directors, Board of
                                                                     Commissioners and employees.
                                                                 • Ensure complete, fair, accurate, timely and
                                                                     understandable disclosure in reports and
                                                                     documents submitted by the corporation to
                                                                     regulators and in other public communications.
                                                       4.1.2     The Board of Directors establishes policies and
                                                                 anti-money laundering and terrorism financing
                                                                 terrorism, anti-bribery, anti-corruption, anti-fraud,
                                                                 political involvement with (antifraud), involvement
                                                                 in politics by referring to national or international
                                                                 standards on anti-money laundering, anti-bribery,
                                                                 anti-corruption, anti-fraud or other relevant
                                                                 standards. other relevant standards.
                             4.2.   Organizational     4.2.1.
                                    Values and                                                                                  Comply
                                    Culture                                                                                     The Company determines and enforces "AKHLAK" which
                                                                                                                                consists of Trustworthy, Competent, Harmonious, Loyal, Adaptive,
                                                                                                                                Collaborative as the main values that must be implemented by all
                                                                                                                                Company personnel in carrying out/carrying out their daily tasks.
                                                                                                                                The implementation of AKHLAK in the Company is supported
                                                                                                                                and accelerated by the transformation of work culture which
                                                                 Corporations articulate, grow and express
                                                                                                                                aims to align BNI's values. The Core Values AKHLAK (Trustworthy,
                                                                 corporate culture and values
                                                                                                                                Competent, Harmonious, Loyal, Adaptive and Collaborative) are
                                                                                                                                implemented simultaneously with strengthening PRINCIPLE 46 as
                                                                                                                                BNI's Belief. The process of internalizing the AKHLAK core values
                                                                                                                                has been carried out for three years and will continue to be carried
                                                                                                                                out through various activities and methods which are constantly
                                                                                                                                evaluated so that the implementation of these values can run
                                                                                                                                optimally.


                             4.3    Communication      4.3.1.    The corporate code of conduct and ethics                       Comply
                                    and Code                     are communicated effectively to the Board                      The Board of Directors consistently internalizes Corporate
                                    of Ethics                    of Directors, Board of Commissioners and all                   Culture to shape the attitude and character of every person in
                                    Enforcement,                 employees, integrated into corporate strategy                  the Company. Internalization is integrated into the Company's
                                    Values, and                  and operations including the risk management                   strategy and operations, including the risk management system
                                    Culture                      system and remuneration structure, and                         and remuneration structure which is prepared based on prudent
                                                                 enforced.                                                      risk taking.
         Principle 5:        5.1.   Internal Control   5.1.1.    The Board of Directors carries out regular reviews
                                                                                                                                Comply
         Risk                       and Compliance               of the accuracy of the design and operational
                                                                                                                                The Board of Directors implements, reviews and updates the
         Management,                                             effectiveness of the governance system, risk
                                                                                                                                Company's governance, risk management, internal control and
         Internal Control,                                       management, internal control and corporate
                                                                                                                                Company compliance, and reports them in this Annual Report as
         and Compliance                                          compliance and reports the implementation and
                                                                                                                                a form of reporting to shareholders and stakeholders, which will
                                                                 results of the review to shareholders through the
                                                                                                                                then be reported at the GMS.
                                                                 Corporation's annual report.




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Capital & Risk Management          Good Corporate              Social & Environmental                  ESG                             Financial
          Practices                 Governance                     Responsibility                   Commitment                        Statements




 Principle                                               Recommendation                                                                   Implementation
                    5.2.    Risk                5.2.1.    Strategy and risk are one unit, disclosed
                            Management                    transparently, included in the implementation
                                                          of the duties and responsibilities of the Board of
                                                          Directors and Board of Commissioners, as well
                                                          as in discussions at meetings of the Board of
                                                          Commissioners and Board of Directors.
                                                5.2.2.    The Risk Management Monitoring Committee              Applied,
                                                          assists the implementation of the duties of           The Risk Monitoring Committee as one of the Organs of the Board
                                                          the Board of Commissioners by creating                of Commissioners has assisted the implementation of the Board
                                                          a transparent, focused and independent                of Commissioners' duties by creating a transparent, focused and
                                                          mechanism for supervising corporate risk              independent mechanism for supervising corporate risk management,
                                                          management.                                           guided by the Risk Monitoring Committee Charter.
                    5.3.    Integration of      5.3.1.    The Board of Directors has built an integrated
                            Governance, Risk              governance, risk management and compliance            Comply
                            Management and                (GRC) system, by handling various uncertainties       The Board of Directors has built an integrated governance, risk management
                            Compliance                    in an integrated manner and with high integrity, to   and compliance (GRC) system, by handling various uncertainties in an
                                                          ensure that the corporation can achieve its goals.    integrated manner and with high integrity, to ensure that the corporation
                                                5.3.2.    The Board of Directors ensures that the               can achieve its goals.The Board of Directors ensures that the department in
                                                          department in charge of the compliance function       charge of the compliance function does not concurrently carry out functions
                                                          does not concurrently carry out functions that        that have the potential to cause a conflict of interest.
                                                          have the potential to cause a conflict of interest.
                    5.4.    Internal Audit      5.4.1.    The Board of Commissioners, through the Audit
                                                          Committee, monitors and ensures that the internal     Applied,
                                                          audit function helps the corporation to achieve       The Board of Commissioners, through the Audit Committee, has
                                                          its goals by bringing an objective and disciplined    monitored that the Company's internal audit function has been
                                                          approach to evaluating and improving the              implemented according to needs, with strategic and measurable
                                                          effectiveness of risk management, internal control    objectives and goals.
                                                          and corporate governance.
 Principle 6:       6.1.    Disclosure Policy   6.1.1.    The corporation has disclosure and transparency
 Disclosure and                                           policies and procedures that ensure disclosure        Comply
 Transparency                                             of material information and safeguard sensitive       The corporation has disclosure policies and procedures that ensure
                                                          information and corporate secrets.                    the disclosure of material information, corporate secrets, and ensure
                                                                                                                the rights of shareholders to obtain material information about the
                                                6.1.2.    Shareholders' rights to obtain regularly and in       Company regularly and in a timely manner, which is carried out by
                                                          a timely manner regarding relevant material           the Corporate Secretary Division as stated in Company Guidelines
                                                          information about the corporation must be             No. IN/511/REN/001 dated June 27, 2023.
                                                          fulfilled
                    6.2.    Financial and       6.2.1.    The Corporation discloses systems and
                            Sustainability                procedures to ensure that interim financial
                            Reports                       reports that have not been audited or reviewed
                                                          by an external auditor are materially accurate,       Comply
                                                          complete, and provide investors with appropriate      The Company has an internal policy, including through the function of
                                                          information to make informed investment               the Audit Committee, to review financial information that the Company
                                                          decisions.                                            will release to the public and/or authorities, including financial reports,
                                                                                                                projections and other reports related to financial information.
                                                6.2.2.    The Audit Committee ensures the quality of
                                                          financial report audits carried out by external       The duties and responsibilities of the Audit Committee include evaluating
                                                          auditors. These activities include recommending       the implementation of audit services for annual historical financial
                                                          the appointment, reappointment and, if                information by Public Accountants and/or Public Accounting Firms.
                                                          necessary, dismissal and remuneration of
                                                          external auditors.                                    The Sustainability Report as published on the Company's website has
                                                6.2.3.    Sustainability reports must be prepared and           been prepared with accurate data disclosure, and prepared according
                                                          disclosed accurately and prepared in accordance       to the framework set out in statutory regulations and best practices both
                                                          with national or international sustainability         domestic and international.
                                                          reporting frameworks.
                                                                                                                This Annual Report integrates historical performance into context and
                                                6.2.4.    Corporations publish integrated annual reports        describes the Company's risks, opportunities and prospects in the
                                                          that put historical performance into context and      future, so that it is hoped that it can help shareholders and stakeholders
                                                          describe the corporation's risks, opportunities       understand the Company's strategic objectives and its progress in
                                                          and future prospects, thereby helping                 creating sustainable value.
                                                          shareholders and stakeholders understand
                                                          the corporation's strategic objectives and its
                                                          progress in creating sustainable value
                    6.3.    Information         6.3.1.    Information dissemination channels should
                            Dissemination                 provide equal, timely and relatively inexpensive
                                                          access to relevant information for users.
                                                                                                                To ensure that information is available to shareholders and
                                                6.3.2.    The Corporation ensures that an annual                all stakeholders in an equitable, timely, relatively inexpensive
                                                          statement regarding the implementation of the         and relevant manner, the Company provides various access to
                                                          General Guidelines for Indonesian Corporate           information, namely:
                                                          Governance, including an explanation of the           - GMS
                                                          implementation of each Recommendation and             - Print media
                                                          Guide is available on the website for a minimum       - Electronic Media
                                                          period of five years.                                 - Social Media (X, Facebook, Youtube, Instagram, and Tiktok)
                                                                                                                - Website (Company, IDX, and KSEI).
                                                6.3.3.    For corporations registered on the capital market
                                                          in jurisdictions other than the home jurisdiction,    This Annual Report contains an annual statement regarding
                                                          the applicable corporate governance laws              the implementation of the General Guidelines for Indonesian
                                                          and regulations must be clearly disclosed. In         Corporate Governance.
                                                          the case of cross listing, cross listing criteria
                                                          and procedures, criteria and procedures for
                                                          recognizing listing requirements for the main
                                                          listing must be transparent and documented.




                                                                                                         Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk                          1017
Page 431
           2023                     Management                          Company                        Management Discussion and                        Business Support
       Performance                    Report                             Profile                     Analysis on Company Performance                       Functions




         Principle                                           Recommendation                                                                Implementation
         Principle 7:    7.1.   Shareholder         7.1.1     The corporation has a communications policy
         Protection of          Rights                        that facilitates and encourages shareholder or
         Shareholder                                          investor participation
         Rights                                                                                                      Comply
                                                    7.1.2.    The corporation, which is the parent entity,
                                                                                                                     The Company has a communication policy that facilitates and
                                                              ensures that its corporate governance policies
                                                                                                                     encourages shareholder or investor participation as stated in
                                                              apply to subsidiaries and entities under common
                                                                                                                     Company Guidelines No. IN/794/KMP/001 dated December 23,
                                                              control in which the corporation's investment is
                                                                                                                     2014, Company Guidelines for Investor Relations Activities No.
                                                              significant.
                                                                                                                     IN/41/KMP/001 dated 26 January 2015, and Company Guidelines
                                                    7.1.3.    Corporations have rules and procedures                 No. IN/511/REN/001 dated June 27, 2023.
                                                              governing acquisitions, takeovers and
                                                              extraordinary transactions such as mergers             The company is the parent entity that ensures corporate
                                                              and sales of substantial corporate assets to           governance policies apply to the BNI financial conglomerate.
                                                              ensure transactions occur transparently and
                                                              under fair conditions and protect the rights of all
                                                              shareholders according to their class.
                         7.2.   Fair Treatment of   7.2.1.    Corporations have rules and procedures that
                                Shareholders                  ensure a). all shareholders of the same series
                                                              in one class of shares must be treated equally,
                                                              b). disclosure of such rules and procedures            Comply
                                                              as well as disclosure of capital structures and        All shareholders of the Company, both minority and majority,
                                                              arrangements that allow certain shareholders           both domestic and non-domestic, are treated equally.
                                                              to obtain influence or control that is                 Information that is relevant to shareholders is published to the
                                                              disproportionate to their share ownership.             public through media that is easily accessible to shareholders
                                                                                                                     (the Company's website, IDX and KSEI) in Indonesian and
                                                    7.2.3.    Corporations have rules and procedures that
                                                                                                                     English.
                                                              ensure related party transactions are approved
                                                                                                                     In this Annual Report it is also stated that the Company ensures
                                                              and implemented in a manner that ensures that
                                                                                                                     that related party transactions are carried out in accordance with
                                                              conflicts of interest are managed appropriately,
                                                                                                                     applicable laws and regulations and that conflicts of interest are
                                                              and protects the interests of the corporation and
                                                                                                                     managed appropriately to protect the interests of the Company
                                                              shareholders.
                                                                                                                     and shareholders.
                                                    7.2.3.    Corporations have and disclose policies to             The Company has a policy to prevent insider trading through
                                                              prevent insider trading. Corporations have clear       Company Guidelines for Prohibited and Not Prohibited
                                                              rules regarding any trading in corporate shares        Securities Transactions for Insiders No. IN/500/KMP/001 dated
                                                              carried out by directors, commissioners and            September 23, 2019.
                                                              insiders to ensure that anyone cannot profit
                                                              directly or indirectly from information that is not/
                                                              not yet available on the market.
                         7.3.   General Meeting     7.3.1.    The corporation invitation for a GMS with
                                of Shareholders               the GMS agenda and materials as complete               Comply
                                                              and as early as possible (no later than 28 days        The Company invitation for a GMS as early as possible by paying
                                                              before the GMS) to provide sufficient time and         attention to statutory regulations, as well as providing space and
                                                              materials for shareholders to properly study the       responses to shareholders who require additional information
                                                              meeting agenda. Meeting invitations and all GMS        regarding the implementation and agenda of the GMS.
                                                              information are disclosed via electronic means         Invitations to the GMS are expressed via electronic means, namely
                                                              such as through the corporate website                  the Company's website, IDX and KSEI.
                                                                                                                     At each GMS, the Company publishes Meeting Rules and Regulations
                                                    7.3.2.    The corporation has and discloses rules and            which accommodate information regarding facilities for shareholders
                                                              procedures that facilitate shareholders in             to participate and vote effectively at the GMS.
                                                              participating and voting effectively at the GMS.       At the GMS with the agenda of changing the composition
                                                              7.3.3. Shareholders participate effectively in         of the Company's Management, Shareholders are given the
                                                              determining the appointment of members of the          opportunity to ask questions and/or responses, as well as
                                                              Board of Directors and Board of Commissioners.         express their votes.
                                                    7.3.4.    The corporation ensures transparency and               In the GMS with the agenda for determining the Public Accounting
                                                              accountability of external auditors at the GMS.        Firm (KAP) and/or Public Accountant (AP), the Company provides an
                                                                                                                     explanation regarding the KAP and/or AP proposed at the Meeting.
                                                    7.3.5.    Submission of voting results and a complete            The Company publishes the voting results and a complete summary
                                                              summary of the minutes of the GMS will be              of the GMS minutes is announced to the public on the following
                                                              announced to the public on the following               working day.
                                                              working day.
         Principle 8:    8.1.   Key Stakeholder     8.1.1.    The Corporation, through the Corporate
                                                                                                                     Applied
         Other                  Engagement                    Secretary, carries out regular, transparent and
                                                                                                                     The Company, through the Corporate Secretary, carries out
         Stakeholders           (Stakeholder                  effective communication with key stakeholders
                                                                                                                     regular, transparent and effective communication with key
                                Engagement)                   and involves them to understand their hopes
                                                                                                                     stakeholders and involves them to understand their hopes and
                                                              and complaints as well as the impact of the
                                                                                                                     complaints as well as the impact of the corporation on them.
                                                              corporation on them.
                         8.2.   Integration of      8.2.1.    The Board of Commissioners together with the           Comply
                                Sustainability in             Board of Directors are responsible, accountable and    The Board of Commissioners together with the Board of
                                Business Models               transparent for sustainability governance, including   Directors are responsible, accountable and transparent for
                                                              determining corporate sustainability strategies,       sustainability governance, including determining corporate
                                                              priorities and targets. The Board of Directors and     sustainability strategies, priorities and targets. The Board of
                                                              Board of Commissioners include sustainability          Directors and Board of Commissioners include sustainability
                                                              considerations when carrying out their roles,          considerations when carrying out their roles, including,
                                                              including, among others, in the development and        among others, in the development and implementation of
                                                              implementation of corporate strategy, business         corporate strategy, business plans, main action plans and risk
                                                              plans, main action plans and risk management.          management.
                         8.3.   Protection of       8.3.1.    The Board of Directors ensures and discloses that      Comply
                                Stakeholders                  corporate operations reflect the application of        The Board of Directors ensures and discloses that the Company's
                                                              high standards of ethics, social and environmental     operations reflect the implementation of high standards of
                                                              responsibility throughout the corporation and          ethics, social and environmental responsibility throughout the
                                                              ensure that appropriate policies and procedures        corporation and ensure that appropriate policies and procedures
                                                              are implemented to respect and comply with             are implemented to respect and comply with the rights of
                                                              stakeholder rights.                                    stakeholders.
                                                    8.3.2.    The Board of Directors encourages employees            The Board of Directors consistently communicates the Company's
                                                              to work for the long-term interests of the             Vision which is oriented towards sustainable performance to
                                                              corporation and prioritizes sustainability.            employees.

1018   From Local to Global
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Capital & Risk Management       Good Corporate             Social & Environmental              ESG                        Financial
          Practices              Governance                    Responsibility               Commitment                   Statements




                               Implementation Of The Asean
                            Corporate Governance Scorecard

As explained in the Governance Assessment section through an independent party assessment based on the parameters
of the ASEAN Corporate Governance Scorecard, BNI received the title "Leadership in Corporate Governance" with a score
of 108.39, which is an increase compared to the previous year which got a score of 106.02. This assessment is carried out
based on BNI's open information which can be accessed by all stakeholders regarding the parameters of the ASEAN
Corporate Governance Scorecard. The availability of information based on the ASEAN Corporate Governance Scorecard
parameters can be described as follows:

ASEAN Corporate Governance

LEVEL 1

RIGHTS AND EQUITABLE TREATMENT OF SHAREHOLDERS
  No       Parameter                                                   Guiding Reference                         Implementation Description
  A.1      Basic Shareholder Rights
           Does the company pay (interim and final/
           annual) dividends in an equitable and
                                                                                                          Yes
           timely manner; that is, all shareholders are     G20/OECD Principles of Corporate
                                                                                                          In accordance with the implementation of
           treated equally and paid within 30 days after    Governance (2023):
                                                                                                          Annual GMS held
  A.1.1    being (i) declared for interim dividends and     II.A. Basic shareholder rights should
                                                                                                          on March 15, 2023 as per the Minutes
           (ii) approved by shareholders at general         include the right to:
                                                                                                          Summary GMS published on the Company's
           meetings for final dividends? In case the        6) share in the profits of the corporation.
                                                                                                          website
           company has offered Scrip dividend, did the
           company paid the dividend within 60 days.
           Right to participate effectively in and vote in general shareholder meetings and should be informed of the rules, including
  A.2
           voting procedures, that govern general shareholder meetings.
           Do shareholders have the opportunity,                                                          Yes
           evidenced by an agenda item, to approve                                                        As stated in the Invitation to the Annual GMS
           remuneration (fees, allowances, benefit-in-                                                    and implementation of the Annual GMS held
  A.2.1
           kind and other emoluments) or any increases                                                    on March 15, 2023 as well as the Minutes
                                                            G20/OECD Principles of Corporate
           in remuneration for the non-executive                                                          Summary of GMS published on the Company's
                                                            Governance (2023):
           directors/commissioners?                                                                       website.
                                                            II.C.5. Effective shareholder participation
                                                            in key corporate governance decisions,        Yes
                                                            such as the nomination and election of        In accordance with the implementation of
           Does the company provide non-controlling
                                                            board members, should be facilitated.         the Annual GMS held on March 15, 2023 and
  A.2.2    shareholders a right to nominate candidates
                                                            Shareholders should be able to make           contained in the Minutes Summary of GMS
           for board of directors/commissioners?
                                                            their views known, including through          published on March 16, 2023 on the Company's
                                                            votes at shareholder meetings, on the         website.
                                                            remuneration of board members and/or
                                                                                                          Yes
                                                            key executives, as applicable. The equity
                                                                                                          In accordance with the implementation of
                                                            component of compensation schemes
                                                                                                          the Annual GMS and Extraordinary GMS
                                                            for board members and employees
                                                                                                          which were held on March 15, 2023 and
           Does the company allow shareholders to           should be subject to shareholder
  A.2.3                                                                                                   September 19, 2023, and contained in the
           elect directors/commissioners individually?      approval.
                                                                                                          Minutes Summary of the Annual GMS and
                                                                                                          Extraordinary GMS published on March
                                                                                                          16, 2023 and September 20, 2023 on the
                                                                                                          Company's website.




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           2023                         Management                     Company                     Management Discussion and                Business Support
       Performance                        Report                        Profile                  Analysis on Company Performance               Functions




          No         Parameter                                                Guiding Reference                         Implementation Description
                                                                    G20/OECD Principles of Corporate
                                                                    Governance (2023):
                                                                    II.C. Shareholders should have the
                                                                    opportunity to participate effectively and
                                                                    vote in general shareholder meetings,
                                                                    and should be informed of the rules,
                                                                    including voting procedures, that govern
                                                                    general shareholder meetings.

                                                                    ICGN (2021) PRINCIPLE 10:
                                                                                                                  Yes
                                                                    10.4 Meeting procedures
                     Does the company disclose the voting                                                         As stated in the GMS rules and regulations
          A.2.4                                                     Companies should publish meeting
                     procedures used before the start of meeting?                                                 published on the Company's website 21 days
                                                                    procedures (either in person, by proxy
                                                                                                                  before the GMS held.
                                                                    or by virtual electronic means) alongside
                                                                    the publication of the AGM Notice.
                                                                    This should include information on the
                                                                    meeting format, registration, access,
                                                                    participant identification, shareholding
                                                                    verification, voting options and the
                                                                    approach to asking/ answering questions.
                                                                    All matters on the ballot should be voted
                                                                    by poll and voting by a ‘show of hands’
                                                                    should not be permitted.
                                                                    G20/OECD Principles of Corporate              Yes
                     Do the minutes of the most recent AGM
                                                                    Governance (2023):                            In accordance with the implementation of
                     record that the shareholders were given
                                                                    II.C.4. Shareholders should have the          the Annual GMS held on March 15, 2023 and
          A.2.5      the opportunity to ask questions and the
                                                                    opportunity to ask questions to the           contained in the Minutes Summary of GMS
                     questions raised by shareholders and
                                                                    board, including on the annual external       published on March 16, 2023 on the Company's
                     answers given recorded?
                                                                    audit, to place items on the agenda           website
                                                                    of general meetings, and to propose
                                                                    resolutions, subject to reasonable
                                                                    limitations.


                                                                    ICGN (2021) PRINCIPLE 10:
                                                                    10.10 Vote disclosure
                                                                    The board should ensure that equal
                                                                    effect is given to votes whether cast
                                                                    in person or in absentia and all votes
                                                                    should be properly counted and
                                                                    recorded via ballot. The outcome of
                                                                                                                  Yes
                                                                    the vote, the vote instruction (reported
                     Does the company disclose the voting                                                         In accordance with the implementation of
                                                                    separately for, against or abstain) and
                     results including approving, dissenting, and                                                 the Annual GMS held on March 15, 2023 and
          A.2.6                                                     voting levels for each resolution should
                     abstaining votes for all resolutions/each                                                    contained in the Minutes Summary of GMS
                                                                    be published promptly after the meeting
                     agenda item for the most recent AGM?                                                         published on March 16, 2023 on the Company's
                                                                    on the company website. If a board-
                                                                                                                  website.
                                                                    endorsed resolution has been opposed
                                                                    by a significant proportion of votes (e.g.,
                                                                    20% or more), the company should
                                                                    explain subsequently what actions were
                                                                    taken to understand and respond to the
                                                                    concerns that led shareholders to vote
                                                                    against the board’s recommendation.
                                                                    At the following AGM, the board should
                                                                    report how the views from shareholders
                                                                    were considered to address the concern
                                                                    and any actions taken.
                                                                                                                  Yes
                                                                                                                  In accordance with the implementation of
                     Does the company disclose the list of board    G20/OECD Principles of Corporate              the Annual GMS held on March 15, 2023 and
          A.2.7      members who attended the most recent           Governance (2023):                            contained in the Minutes Summary of GMS
                     AGM?                                           II.C.4. Shareholders should have the          published on March 16, 2023 on the Company's
                                                                    opportunity to ask questions to the           website.
                                                                    board, including on the annual external
                                                                    audit, to place items on the agenda           Yes
                                                                    of general meetings, and to propose           In accordance with the implementation of
                     Does the company disclose that all board
                                                                    resolutions, subject to reasonable            the Annual GMS held on March 15, 2023 and
          A.2.8      members and the CEO (if he is not a board
                                                                    limitations.                                  contained in the Minutes Summary of GMS
                     member) attended the most recent AGM?
                                                                                                                  published on March 16, 2023 on the Company's
                                                                                                                  website.
                                                                    G20/OECD Principles of Corporate
                                                                    Governance (2023):                            Yes
                                                                    II.C.6. Shareholders should be able to        As stated in the GMS rules and regulations
          A.2.9      Does the company allow voting in absentia?
                                                                    vote in person or in absentia, and equal      published on the Company's website 21 days
                                                                    effect should be given to votes whether       before the GMS held.
                                                                    cast in person or in absentia.




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Capital & Risk Management        Good Corporate              Social & Environmental              ESG                         Financial
          Practices               Governance                     Responsibility               Commitment                    Statements




  No       Parameter                                                     Guiding Reference                         Implementation Description
                                                                                                            Yes
                                                                                                            As stated in the GMS rules and regulations
                                                                                                            published on the Company's website 21 days
           Did the company vote by poll (as opposed to        ICGN (2021) PRINCIPLE 10:                     before the GMS and in accordance with the
 A.2.10    by show of hands) for all resolutions at the       10.9 Vote execution                           implementation in the Annual GMS held on
           most recent AGM?                                   The board should clearly publicise a date     March 15, 2023 and contained in the Minutes
                                                              by which shareholders should cast their       Summary of GMS published on March 16, 2023
                                                              voting instructions. The practice of share    on the Company's website.
                                                              blocking or requirements for lengthy
                                                              shareholdings should be discontinued.         Yes
                                                              Companies should ensure accuracy of            As stated in the GMS rules and regulations
           Does the company disclose that it has              tracking and reconciling any advance          published on the Company's website 21 days
           appointed an independent party (scrutineers/       votes received pre-AGM with any live          before the GMS and in accordance with the
 A.2.11
           inspectors) to count and/or validate the votes     votes cast during the AGM itself.             implementation in the Annual GMS held on
           at the AGM?                                                                                      March 15, 2023 and contained in the Minutes
                                                                                                            Summary of GMS published on March 16, 2023
                                                                                                            on the Company's website.
                                                                                                            Yes
                                                                                                            In accordance with the implementation of the
           Does the company make publicly available by                                                      Annual GMS and Extraordinary GMS held on
           the next working day the result of the votes                                                     March 15, 2023 and September 19, 2023, and
 A.2.12
           taken during the most recent AGM/EGM for                                                         contained in the Minutes Summary of the
           all resolutions?                                                                                 Annual GMS and Extraordinary GMS published
                                                                                                            on 16 March 2023 and 20 September 2023 on
                                                              G20/OECD Principles of Corporate
                                                                                                            the Company's website.
                                                              Governance (2023):
                                                              II.C.1. Shareholders should be furnished      Yes
                                                              with sufficient and timely information        As stated in the Announcement of the Annual
                                                              concerning the date, format, location         GMS and Extraordinary GMS on February
           Does the company provide at least 21 days          and agenda of general meetings, as well       6, 2023 and August 11, 2023 as well as the
 A.2.13
           notice for all AGMs and EGMs?                      as fully detailed and timely information      Publication of the Invitation to the Annual
                                                              regarding the issues to be decided at the     GMS and Extraordinary GMS on February 21,
                                                              meeting.                                      2023 and August 28, 2023 on the Company's
                                                                                                            website.
           Does the company provide the rationale
                                                                                                            Yes
           and explanation for each agenda item which
                                                                                                            As stated in the Invitation to the Annual GMS
 A.2.14    require shareholders’ approval in the notice
                                                                                                            and Extraordinary GMS on February 21, 2023
           of AGM/circulars and/or the accompanying
                                                                                                            and 28 August 2023 on the Company's website.
           statement?
                                                              G20/OECD Principles of Corporate
                                                              Governance (2023):
           Does the company give the opportunity for          II.C.4. Shareholders should have the
                                                                                                            Yes
           shareholders to place item/s on the agenda         opportunity to ask questions to the
                                                                                                            As stated in the Announcement of the Annual
 A.2.15    of general meetings and/or to request              board, including on the annual external
                                                                                                            GMS on August 11, 2023 on the Company's
           for general meetings subject to a certain          audit, to place items on the agenda
                                                                                                            website.
           percentage?                                        of general meetings, and to propose
                                                              resolutions, subject to reasonable
                                                              limitations.
  A.3      Markets for corporate control should be allowed to function in an efficient and transparent manner.
                                                              G20/OECD Principles of Corporate
                                                              Governance (2023):
                                                              II.H.1. The rules and procedures governing
                                                              the acquisition of corporate control in
           In cases of mergers, acquisitions and/or           capital markets, extraordinary transactions
           takeovers requiring shareholders' approval,        such as mergers, and sales of substantial     In the 2023 fiscal year, there were no mergers,
  A.3.1    does the board of directors/commissioners of       portions of corporate assets, should be       acquisitions and/or takeovers that require
           the company appoint an independent party to        clearly articulated and disclosed so that     shareholder approval
           evaluate the fairness of the transaction price?    investors understand their rights and
                                                              recourse. Transactions should occur
                                                              at transparent prices and under fair
                                                              conditions that protect the rights of all
                                                              shareholders according to their class.




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          No         Parameter                                                  Guiding Reference                         Implementation Description
          A.4        The exercise of ownership rights by all shareholders, including institutional investors, should be facilitated.
                                                                      G20/OECD Principles of Corporate
                                                                      Governance (2023):
                                                                      II.D. Shareholders, including institutional
                                                                      shareholders, should be allowed to
                                                                      consult with each other on issues
                                                                      concerning their basic shareholder rights
                                                                      as defined in the Principles, subject to
                                                                      exceptions to prevent abuse.

                                                                      ICGN (2021) PRINCIPLE 1:                      Yes
                                                                      1.4 Dialogue                                  In accordance with the implementation of the
                                                                      The board, particularly the chair, lead       Annual GMS and Extraordinary GMS held on
                     Does the company disclose its practices to
                                                                      (or senior) independent director and          March 15 2023 and September 19, 2023, and
          A.4.1      encourage shareholders to engage with the
                                                                      committee chairs, should constructively       contained in the Minutes Summary of the
                     company beyond general meetings?
                                                                      engage with shareholders and relevant         Annual GMS and Extraordinary GMS published
                                                                      stakeholders (particularly the workforce)     on March 16 2023 and September 20, 2023 on
                                                                      for meaningful dialogue. This infers two-     the Company's website.
                                                                      way communication between companies
                                                                      and shareholders/ stakeholders and not
                                                                      a unilateral presentation from just one
                                                                      party. Such dialogue should encompass
                                                                      all matters of material relevance to
                                                                      a company’s governance, strategy,
                                                                      innovation, risk management and
                                                                      performance as well as environmental
                                                                      and social policies and practices.
          A.5        Shares and voting rights
                                                                      G20/OECD Principles of Corporate
                                                                      Governance (2023):
                                                                      II.E. All shareholders of the same series
                                                                      of a class should be treated equally.
                                                                      All investors should be able to obtain
                                                                      information about the rights attached to
                                                                      all series and classes of shares before
                                                                      they purchase. Any changes in economic
                                                                      or voting rights should be subject to
                                                                      approval by those classes of shares
                                                                      which are negatively affected.

                                                                      ICGN (2021) PRINCIPLE 9:
                                                                      9.1. Share classes
                                                                      Ordinary or common shares should
                     Where the company has more than one class        feature one vote for each share.
                     of shares, does the company publicise the        Divergence from a ‘one-share, one-            Yes
          A.5.1      voting rights attached to each class of shares   vote’ standard which gives certain            As stated in the Company's Articles of
                     (e.g. through the company website / reports/     shareholders power or control                 Association
                     the stock exchange/ the regulator's website)?    disproportionate to their economic
                                                                      interests should be avoided or in the
                                                                      event of the existence of such classes,
                                                                      they should be disclosed and explained
                                                                      and sunset mechanisms should be put
                                                                      into place. Dual class share structures
                                                                      should be discouraged, and where
                                                                      they are in place kept under review
                                                                      and should be accompanied by
                                                                      commensurate extra protections for
                                                                      minority shareholders, particularly in the
                                                                      event of a takeover bid. The board should
                                                                      disclose sufficient information about the
                                                                      material attributes of all of the company’s
                                                                      classes and series of shares on a timely
                                                                      basis.




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Capital & Risk Management       Good Corporate            Social & Environmental              ESG                        Financial
          Practices              Governance                   Responsibility               Commitment                   Statements




  No       Parameter                                                  Guiding Reference                          Implementation Description
  A.6      Notice
           Does     of of
                 each  AGMthe resolutions tabled at the    II.C. Shareholders should have the               Yes
           most recent annual general meeting deal with    opportunity to participate effectively and       As stated in the Minutes Summary of the
  A.6.1
           only one item, i.e., there is no bundling of    vote in general shareholder meetings, and        Annual GMS published on March 16, 2023
           several items into the same resolution?         should be informed of the rules, including       on the Company's website
                                                           voting procedures, that govern general
                                                                                                            Yes
                                                           shareholder meetings.
                                                                                                            As published in the Invitation to the Annual
                                                           II.C.1. Shareholders should be furnished
                                                                                                            GMS on the Company's website: https://
           Are the company's notice of the most recent     with sufficient and timely information
                                                                                                            www.bni.co.id/portals/1/bni/usaha/docs/
           AGM/circulars fully translated into English     concerning the date, format, location and
  A.6.2                                                                                                     Invitation-RUPS-Annual- Tahun- Buku-2023-
           and published on the same date as the local-    agenda of general meetings, as well as fully
                                                                                                            EN.pdf
           language version?                               detailed and timely information regarding
                                                                                                            IDX: file:///C:/Users/59768/
                                                           the issues to be decided at the meeting.
                                                                                                            Downloads/20230221_BBNI_ Summons%20
                                                           II.C.2. Processes, format and procedures for
                                                                                                            RUPS_31258105_ lamp3.pdf
                                                           general shareholder meetings should allow
           Does the notice of AGM/circulars have the       for equitable treatment of all shareholders.
           following details:                              Company procedures should not make it
                                                           unduly difficult or expensive to cast votes.
                                                           II.C.5. Effective shareholder participation in   No
                                                           key corporate governance decisions, such         Company Explanation:
                                                           as the nomination and election of board          Article 38 paragraph (7) BUMN Ministerial
                                                           members, should be facilitated.                  Regulation No. PER-3/MBU/03/2023
                                                           II.C.6. Shareholders should be able to vote      concerning Organs and Human Resources
                                                           in person or in absentia, and equal effect       of State-Owned Enterprises regulates that
                                                           should be given to votes whether cast in         for public BUMNs, the curriculum vitae
           Are the profiles of directors/commissioners
                                                           person or in absentia.                           of prospective members of the Board of
           ( at least age, academic qualification, date
                                                                                                            Commissioners/Directors of BUMNs who
  A.6.3    of first appointment, experience, and
                                                           ICGN (2021) PRINCIPLE 3:                         will be proposed for appointment at the
           directorships in other listed companies) in
                                                           Composition and appointment                      GMS, must be available and announced
           seeking election/re-election included?
                                                           The Board should comprise a sufficient           at the time of the GMS prior to making
                                                           mix of directors with relevant knowledge,        a decision regarding the appointment.
                                                           independence, competence, industry               concerned as a member of the Board of
                                                           experience and diversity of perspectives to      Commissioners/Directors.
                                                           generate effective challenge, discussion and     Considering that the Company is a publicly
                                                           objective decision-making in alignment with      state-owned company, the Company is
                                                           the company’s purpose, long-term strategy        subject to these provisions.
           Are the auditors seeking appointment/re-        and relevant stakeholders.
  A.6.4                                                                                                     No
           appointment clearly identified?
                                                           3.7 Director election process
                                                           Directors should be elected to the board
                                                           preferably on an annual basis, or stand for
                                                           election once every three years, and be
                                                           accountable to shareholders by approval
                                                           of a majority of shares voted in favour on
                                                           each resolution. Boards should disclose the
                                                           process for director election / re-election
                                                           along with information about board
                                                           candidates which includes:
                                                           • board member identities and rationale
                                                               for appointment;
                                                           • core competencies, qualifications, and
                                                               professional background;
                                                           • recent and current board and                   Yes
                                                               management mandates at other                 As in the publication of the Power of
           Were the proxy documents made easily                companies, as well as significant roles      Attorney for the Annual GMS and EGMS on
  A.6.5                                                        on non-profit/charitable organisations;
           available?                                                                                       the Company's website: https://www.bni.
                                                           • factors affecting independence,                co.id/id-id/perseroan/ tata-kelola/rups
                                                               including relationship/s with controlling
                                                               shareholders;
                                                           • length of tenure;
                                                           • any shareholdings in the company.

                                                           9.2 Major decisions
                                                           The board should ensure that shareholders
                                                           have the right to vote on major decisions
                                                           which may change the nature of the
                                                           company in which they have invested.
                                                           Such rights should be clearly described in
                                                           the company’s governing documents and
                                                           include:
                                                           a) appoint or remove a director, with or
                                                           without cause, by a majority of votes cast;




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Page 437
           2023                         Management                       Company                        Management Discussion and                     Business Support
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          No         Parameter                                                   Guiding Reference                              Implementation Description
          A.7        Insider trading and abusive self-dealing should be prohibited.
                                                                      G20/OECD Principles of Corporate
                                                                      Governance (2023):
                                                                      III.E. Insider trading and market
                                                                      manipulation should be prohibited and
                                                                                                                          Yes
                                                                      the applicable rules enforced.
                                                                                                                          The Company has these provisions contained
                                                                                                                          in the provisions of the Company Guidelines
                     Are the directors / commissioners required       ICGN (2021) PRINCIPLE 4:
                                                                                                                          for Prohibited and Not Prohibited Transactions
          A.7.1      to report their dealings in company shares       4.4 Employee share dealing
                                                                                                                          for Insiders reported in the 2023 Fiscal Year
                     within 3 business days?                          The board should develop clear rules
                                                                                                                          Annual Report regarding Governance Principles
                                                                      regarding any trading by directors
                                                                                                                          to Improve Aspects of Corporate Governance
                                                                      and employees in the company’s own
                                                                                                                          through Stakeholder Participation
                                                                      securities. Individuals should not benefit
                                                                      directly or indirectly from knowledge
                                                                      which is not generally available to the
                                                                      market
          A.8        Related party transactions by directors and key executives.
                     Does the company have a policy requiring         G20/OECD Principles of Corporate
                                                                                                                          Yes
                     a committee of independent directors/            Governance (2023):
                                                                                                                          As stated in the Board of Directors'
          A.8.1      commissioners to review material RPTs            II.F. Related party transactions should be
                                                                                                                          Work Guidelines and Rules and Board of
                     to determine whether they are in the best        approved and conducted in a manner that
                                                                                                                          Commissioners' Work Guidelines and Rules
                     interests of the company and shareholders?       ensures proper management of conflicts
                                                                      of interest and protects the interests of the
                     Does the company have a policy requiring
                                                                      company and its shareholders.                       Yes
                     board members (directors/commissioners)
                                                                      II.F.1. Conflicts of interest inherent in related   As stated in the Board of Directors'
          A.8.2      to abstain from participating in the board
                                                                      party transactions should be addressed.             Work Guidelines and Rules and Board of
                     discussion on a particular agenda when they
                                                                      II.F.2. Members of the board and key                Commissioners' Work Guidelines and Rules
                     are conflicted?
                                                                      executives should be required to disclose
                                                                      to the board whether they, directly,
                                                                      indirectly or on behalf of third parties, have
                                                                      a material interest in any transaction or
                                                                      matter directly affecting the corporation.

                                                                      ICGN (2021) PRINCIPLE 9:
                                                                      9.3 Conflicts of interest
                                                                      The board should ensure that policies and
                                                                      procedures on conflicts of interest are
                                                                      established, understood and implemented
                                                                      by directors, management, workers and
                                                                      other relevant parties, including members
                                                                      of related business groups. If a director has
                                                                      an interest in a matter under consideration
                                                                      by the board, then the director should
                                                                      promptly declare such an interest and be
                                                                      precluded from voting on the subject or
                                                                      exerting influence. The use of relationship
                                                                      agreements with controlling shareholders
                                                                      are encouraged to ensure that real or
                     Does the company have policies on loans
                                                                      potential conflicts of interest are avoided         Yes
                     to directors and commissioners either
                                                                      or mitigated and should confirm that                As stated in the Board of Directors'
          A.8.3      forbidding this practice or ensuring that they
                                                                      transactions involving conflicted parties           Work Guidelines and Rules and Board of
                     are being conducted at arm's length basis
                                                                      will be based on customary market terms.            Commissioners' Work Guidelines and Rules.
                     and at market rates?
                                                                      9.4 Related party transactions
                                                                      The board should develop, adopt and
                                                                      disclose a related party transactions
                                                                      (RPT) Policy and have a robust process
                                                                      for approving, reviewing and monitoring
                                                                      RPTs and any inherent conflicts of interest.
                                                                      This includes establishing a committee of
                                                                      independent directors, either as a separate
                                                                      committee, or an existing committee
                                                                      comprised of independent directors,
                                                                      for example the audit committee. The
                                                                      committee should review significant
                                                                      related party transactions to determine
                                                                      whether they are in the best interests
                                                                      of the company and, if so, to determine
                                                                      what terms are fair and reasonable. The
                                                                      conclusion of committee deliberations
                                                                      on significant related party transactions
                                                                      should be disclosed in the company’s
                                                                      annual report to shareholders




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Capital & Risk Management       Good Corporate           Social & Environmental              ESG                         Financial
          Practices              Governance                  Responsibility               Commitment                    Statements




  No       Parameter                                                 Guiding Reference                         Implementation Description
  A.9      Protecting minority shareholders from abusive actions
                                                          G20/OECD Principles of Corporate
                                                          Governance (2023):
                                                          II.E. All shareholders of the same series
                                                          of a class should be treated equally.
                                                          All investors should be able to obtain
                                                          information about the rights attached to
                                                          all series and classes of shares before
                                                          they purchase. Any changes in economic
                                                          or voting rights should be subject to
                                                          approval by those classes of shares
                                                          which are negatively affected.
                                                          II.F. Related party transactions should be
                                                          approved and conducted in a manner
                                                          that ensures proper management
                                                          of conflicts of interest and protects
                                                          the interests of the company and its
                                                          shareholders.
                                                          II.G. Minority shareholders should be
                                                          protected from abusive actions by, or in
                                                          the interest of, controlling shareholders
                                                          acting either directly or indirectly,
                                                          and should have effective means of
                                                          redress. Abusive self-dealing should be
                                                          prohibited.

                                                          ICGN (2021) PRINCIPLE 9:
                                                          9.3 Conflicts of interest
                                                          The board should ensure that policies
                                                          and procedures on conflicts of interest
                                                          are established, understood and
                                                          implemented by directors, management,
                                                          workers and other relevant parties,
           Does the company disclose that RPTs are        including members of related business
                                                                                                         Yes
  A.9.1    conducted in such a way to ensure that they    groups. If a director has an interest
                                                                                                         As stated in this Annual Report
           are fair and at arms' length?                  in a matter under consideration by
                                                          the board, then the director should
                                                          promptly declare such an interest
                                                          and be precluded from voting on the
                                                          subject or exerting influence. The use of
                                                          relationship agreements with controlling
                                                          shareholders are encouraged to ensure
                                                          that real or potential conflicts of interest
                                                          are avoided or mitigated and should
                                                          confirm that transactions involving
                                                          conflicted parties will be based on
                                                          customary market terms.
                                                          9.4 Related party transactions
                                                          The board should develop, adopt and
                                                          disclose a related party transactions
                                                          (RPT) Policy and have a robust process
                                                          for approving, reviewing and monitoring
                                                          RPTs and any inherent conflicts of
                                                          interest. This includes establishing a
                                                          committee of independent directors,
                                                          either as a separate committee, or
                                                          an existing committee comprised of
                                                          independent directors, for example
                                                          the audit committee. The committee
                                                          should review significant related party
                                                          transactions to determine whether they
                                                          are in the best interests of the company
                                                          and, if so, to determine what terms are
                                                          fair and reasonable. The conclusion of
                                                          committee deliberations on significant
                                                          related party transactions should be
                                                          disclosed in the company’s annual report
                                                          to shareholders.




                                                                                               Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1025
Page 439
           2023                         Management                       Company                     Management Discussion and                   Business Support
       Performance                        Report                          Profile                  Analysis on Company Performance                  Functions




          No         Parameter                                                  Guiding Reference                           Implementation Description
                                                                       G20/OECD Principles of Corporate
                                                                       Governance (2023):
                                                                       II.G. Minority shareholders should be
                                                                       protected from abusive actions by, or in
                                                                       the interest of, controlling shareholders
                                                                       acting either directly or indirectly,
                                                                       and should have effective means of
                                                                       redress. Abusive self-dealing should be
                                                                       prohibited.

                                                                       ICGN (2021) PRINCIPLE 9:
                                                                       9.5 Shareholder approval of RPTs
                                                                       Shareholders should have the right
                                                                       to approve significant RPTs above an
                                                                       appropriate materiality threshold, and
                                                                       this should be based on the approval of a
                                                                       majority of disinterested shareholders.

                                                                       9.7 Equality and redress
                                                                       The board should ensure that
                     In case of related party transactions requiring
                                                                       shareholders of the same series
          A.9.2      shareholders' approval, is the decision made                                                    Yes
                                                                       or class are treated equally and
                     by disinterested shareholders?
                                                                       afforded protection against misuse
                                                                       or misappropriation of the capital
                                                                       they provide due to conduct by the
                                                                       company’s board, its management
                                                                       or controlling shareholder, including
                                                                       market manipulation, false or misleading
                                                                       information, material omissions and
                                                                       insider trading. Minority shareholders
                                                                       should be protected from abusive
                                                                       actions by, or in the interest of,
                                                                       controlling shareholders acting either
                                                                       directly or indirectly, and should have
                                                                       effective means of redress. Proper
                                                                       remedies and procedural rules should
                                                                       be put in place to make the protection
                                                                       effective and affordable. Where national
                                                                       legal remedies are not afforded the
                                                                       board is encouraged to ensure that
                                                                       sufficient shareholder protections are
                                                                       provided in the company’s bylaws.


       C. SUSITAINABILITY AND RESILIENCE
         No          Parameter                                             Reference Guide                                 Implementation Description
                     Sustainability-related disclosures must be consistent, comparable and reliable, and include material retrospective and
         C.1
                     forward-looking information that investors consider important in making investment or voting decisions.
                     Material Sustainability-related information should be specified
                                                            Corporate Governance (2023):
                                                            VI.A.1. Sustainability-related information could
                                                            be considered material if it can reasonably be
                                                            expected to influence an investor’s assessment
                                                            of a company’s value, investment or voting
                                                            decisions.

                                                            ICGN (2021) PRINCIPLE 7:
                                                            7.7 Materiality and sustainability
                                                            Sustainability disclosures should focus
                                                            on materially relevant factors, with many
                     Does the company identify/report                                                              Yes
                                                            environmental and social factors being sector
         C.1.1       ESG topics that are material to the                                                           As stated in the 2023 Annual Report for the ESG
                                                            specific, linked to the company’s management
                     organization’s strategy?                                                                      Commitment section
                                                            of its natural and human capital. Where possible,
                                                            sustainability related reporting should also seek
                                                            to address “double materiality”, for reporting on
                                                            the company’s external impacts on society and
                                                            the environment, as well as internal impacts
                                                            on the company’s own financial performance.
                                                            Moreover, boards should build an awareness
                                                            of “dynamic materiality”, recognising that
                                                            materiality evolves over time alongside factors
                                                            including emerging technology, product
                                                            innovation and regulatory developments.




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Capital & Risk Management        Good Corporate            Social & Environmental               ESG                         Financial
          Practices               Governance                   Responsibility                Commitment                    Statements




 No        Parameter                                             Reference Guide                                Implementation Description
                                                  G20/OECD Principles of Corporate Governance
                                                  (2023):
                                                  VI.A. Investors are increasingly considering
                                                  disclosures about how companies assess,
                                                  identify and manage material climate change
                                                  and other sustainability risks and opportunities,
                                                  including for human capital management.

                                                  ICGN (2021) PRINCIPLE 7:
                                                  7.5 Climate change
                                                  The board should assess the impact of climate
                                                  change on the company business model and how           Yes
           Does the company identify climate
 C.1.2                                            it will be adapted to meet the needs of a net zero     As stated in the 2023 Annual Report for the ESG
           change as an issue?
                                                  economy as part of a long-term strategy. This          Commitment section.
                                                  includes setting and disclosing targets to reduce
                                                  carbon emissions and a period for achievement.
                                                  Where climate change risks, whether physical
                                                  or transitional, are identified as material and
                                                  relevant, reporting should include discussion
                                                  of the diligence process, strategy, metrics,
                                                  targets and initiatives used to manage the risks.
                                                  Disclosure around these actions would help
                                                  investors understand the resilience of companies
                                                  facing climate change risks and to assess
                                                  progress towards achieving net zero targets.
                                                  G20/OECD Principles of Corporate Governance
                                                  (2023):
                                                  VI.A.3. Corporate disclosure frameworks,
                                                  including financial reporting standards and
                                                  regulatory filing requirements (e.g. public
           Does the company adopt an              offering prospectuses), should have the same
           internationally recognized             goal of providing information that a reasonable
           reporting framework or standard        investor would consider important in making            Yes
 C.1.3     for sustainability (i.e. GRI,          an investment and voting decision. It follows          As stated in Annual Report for Financial Year
           Integrated Reporting, SASB,            that information understood as material in a           2023.
           IFRS Sustainability Disclosure         sustainability-related report should also be
           Standards)?                            considered and assessed in the preparation and
                                                  presentation of the financial statements. The
                                                  same level of rigour applied to the measurement
                                                  and reporting of financial information should be
                                                  applied to the measurement and reporting of
                                                  sustainability-related information.
           If a company publicly sets a sustainability-related goal or target, the disclosure framework should provide that reliable metrics are regularly
           disclosed in an easily accessible form
                                                  G20/OECD Principles of Corporate Governance
                                                  (2023):
                                                  VI.A.4. If a company publicly sets a sustainability-
                                                                                                         Yes
           Does the company disclose              related goal or target, the disclosure framework
 C.1.4                                                                                                   As stated in the Annual Report and
           quantitative sustainability target?    should ensure that verifiable metrics are
                                                                                                         Sustainability Report for the 2023 Financial Year.
                                                  disclosed to allow investors to assess the
                                                  credibility and progress toward meeting the
                                                  announced goal or target.




                                                                                                  Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1027
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         No          Parameter                                             Reference Guide                                Implementation Description
                                                            G20/OECD Principles of Corporate Governance
                                                            (2023):
                                                            VI.A.4. If a company publicly sets a sustainability-
                                                            related goal or target, the disclosure framework
                                                            should ensure that verifiable metrics are
                                                            disclosed to allow investors to assess the
                                                            credibility and progress toward meeting the
                                                            announced goal or target.

                                                            ICGN (2021) PRINCIPLE 7:
                     Does the company disclose              7.4 Sustainability reports
                                                                                                                   Yes
                     sustainability-related performance     The board should provide sustainability
         C.1.5                                                                                                     As stated in the Annual Report and
                     progress in relation to its            reporting to reflect the complexities inherent in
                                                                                                                   Sustainability Report for the 2023 Financial Year.
                     previously set targets?                a contemporary business by blending financial,
                                                            human and natural capital considerations in
                                                            the context of a company’s current and future
                                                            strategic direction.
                                                            Such disclosures should:
                                                            b. put historical performance into context, and
                                                            portray the risks, opportunities and prospects for
                                                            the company in the future;
                                                            d. explain key performance indicators to measure
                                                            progress towards achieving sustainability related
                                                            targets;
                                                            G20/OECD Principles of Corporate Governance
                                                            (2023):
                                                            VI.A.3. Disclosure of sustainability matters,
                                                            financial reporting and other information should
                                                            be connected.

                                                            Corporate disclosure frameworks, including
                                                            financial reporting standards and regulatory filing
                                                            requirements (e.g. public offering prospectuses),
                     Does the company confirm that its
                                                            should have the same goal of providing                 Yes
                     Sustainability Report / Reporting is
         C.1.6                                              information that a reasonable investor would           As stated in the 2023 Fiscal Year Sustainability
                     reviewed and /or approved by the
                                                            consider important in making an investment             Report
                     Board or Board Committee?
                                                            and voting decision. It follows that information
                                                            understood as material in a sustainability-related
                                                            report should also be considered and assessed
                                                            in the preparation and presentation of the
                                                            financial statements. The same level of rigour
                                                            applied to the measurement and reporting of
                                                            financial information should be applied to the
                                                            measurement and reporting of sustainability-
                                                            related information.
                     Corporate governance frameworks should allow for dialogue between a company, its shareholders and stakeholders to
         C.2
                     exchange views on sustainability matters
                                                            G20/OECD Principles of Corporate Governance
                                                            (2023): VI.A.1:
                                                            The determination of which information is
                                                            material may vary over time, and according
                                                            to the local context, company-specific
                                                            circumstances, and jurisdictional requirements.
                                                            The assessment of material information may
                     Does the company engage
                                                            also consider sustainability matters that are
                     internal stakeholders to exchange
                                                            critical to a company’s workforce and other key        Yes
                     views and gather feedback on
         C.2.1                                              stakeholders.                                          As stated in the Annual Report and
                     sustainability matters that are
                                                                                                                   Sustainability Report for the 2023 Fiscal Year.
                     material to the business of the
                                                            G20/OECD Principles of Corporate Governance
                     company?
                                                            (2023): VI.B:
                                                            Corporate governance frameworks should
                                                            allow for dialogue between a company, its
                                                            shareholders and stakeholders to exchange
                                                            views on sustainability matters as relevant for the
                                                            company’s business strategy and its assessment
                                                            of what matters ought to be considered material.




1028   From Local to Global
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Capital & Risk Management       Good Corporate            Social & Environmental               ESG                        Financial
          Practices              Governance                   Responsibility                Commitment                   Statements




 No        Parameter                                             Reference Guide                               Implementation Description
                                                 G20/OECD Principles of Corporate Governance
                                                 (2023): VI.A.1:
                                                 Sustainability-related information could be
                                                 considered material if it can reasonably be
                                                 expected to influence
                                                 an investor’s assessment of a company’s value,
                                                 investment or voting decisions.

                                                 The determination of which information is
                                                 material may vary over time, and according
           Does the company engage
                                                 to the local context, company-specific
           external stakeholders to exchange
                                                 circumstances, and jurisdictional requirements.       Yes
           views and gather feedback on
 C.2.2                                           The assessment of material information may            As stated in the Annual Report and
           sustainability matters that are
                                                 also consider sustainability matters that are         Sustainability Report for the 2023 Fiscal Year.
           material to the business of the
                                                 critical to a company’s workforce and other key
           company?
                                                 stakeholders.

                                                 G20/OECD Principles of Corporate Governance
                                                 (2023): VI.B:
                                                 Corporate governance frameworks should
                                                 allow for dialogue between a company, its
                                                 shareholders and stakeholders to exchange
                                                 views on sustainability matters as relevant for the
                                                 company’s business strategy and its assessment
                                                 of what matters ought to be considered material.
           The corporate governance framework should ensure that boards adequately consider material sustainability risks and
 C.3
           opportunities when fulfilling their key functions in reviewing, monitoring and guiding governance practices, disclosure,
           strategy, risk management and internal control systems, including with respect to climate-related physical and transition risks
 Boards should assess whether the company’s capital structure is compatible with its strategic goals and its associated risk appetite to ensure it is
 resilient to different scenarios
                                                 G20/OECD Principles of Corporate Governance
                                                 (2023): VI.C.2:
                                                 Boards should assess whether the company’s
                                                 capital structure is compatible with its strategic
                                                 goals and its associated risk appetite to ensure it
                                                 is resilient to different scenarios.
           Does the company disclose that
           the board reviews on an annual
                                                 The management and board members are best             Yes
           basis that the company's capital
 C.3.1                                           placed to decide if the capital structure of a        As stated in the Annual Report for Fiscal Year
           and debt structure is compatible
                                                 company is compatible with the strategic goals        2023
           with its strategic goals and its
                                                 and its associated risk appetite, within existing
           associated risk appetite?
                                                 restrictions established by shareholders. In order
                                                 to ensure the company’s financial soundness,
                                                 the board should monitor the capital structure
                                                 and capital sufficiency with due consideration
                                                 to different scenarios, including those with low
                                                 probability but high impact.
           The corporate governance framework should recognise the rights of stakeholders established by law or through mutual
 C.4       agreements and encourage active co- operation between corporations and stakeholders in creating wealth, jobs, and the
           sustainability of financially sound enterprises.
 Does the company disclose a policy and practices that address :
                                                                                                       Yes
           The existence and scope of the                                                              As outlined in the 2023 Fiscal Year Annual Report
 C.4.1     company's efforts to address          G20/OECD Principles of Corporate Governance           in the Social Responsibility section
           customers' welfare?                   (2023): VI.D.1:                                       –Corporate Social Responsibility is Related to
                                                 The rights of stakeholders are to a large extent      Responsibility to Consumers.
                                                 established by law (e.g. labour, business,
                                                 commercial, environmental, and insolvency laws)       Yes
                                                 or by contractual relations that companies must       As published in the Procurement Auction
           Supplier/contractor selection
 C.4.2                                           respect. In some                                      section on the Company's website
           procedures?
                                                                                                       http://bni.co.id/id-id/beranda/berita/
                                                                                                       lelangpengadaan




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         No          Parameter                                             Reference Guide                               Implementation Description
                     The company's efforts to                                                                     Yes
                     ensure that its value chain is                                                               As stated in the Annual Report for the 2023
         C.4.3       environmentally friendly or                                                                  Fiscal Year in the Social Responsibility section
                     is consistent with promoting                                                                 and in the Sustainability Report for the 2023
                     sustainable development?                                                                     Fiscal Year.
                                                                                                                  Yes
                                                            jurisdictions, it is mandatory for companies
                     The company's efforts to interact                                                            As stated in the Annual Report for the 2023
                                                            to carry out human rights and environmental
         C.4.4       with the communities in which they                                                           Fiscal Year in the Social Responsibility section
                                                            due diligence. Nevertheless, even in areas
                     operate?                                                                                     and in the Sustainability Report for the 2023
                                                            where stakeholder interests are not legislated
                                                                                                                  Fiscal Year.
                                                            or established by contract, many companies
                                                            make additional commitments to stakeholders,          Yes
                     The company's anti-corruption          given that concern over corporate reputation          As stated in the Annual Report for Fiscal Year
         C.4.5
                     programmes and procedures?             and corporate performance often requires the          2023 in the Corporate Social Responsibility
                                                            recognition of broader interests. This may in         section related to Fair Operations.
                                                            some jurisdictions be achieved by companies
                                                                                                                  Yes
                                                            using the OECD Guidelines for Multinational
                                                                                                                  As stated in several sections in the Annual
                                                            Enterprises for risk-based due diligence to
                                                                                                                  Report for the 2023 Financial Year, including
                     How creditors' rights are              identify, prevent and mitigate actual and potential
         C.4.6                                                                                                    the section on Implementation of Aspects of
                     safeguarded?                           adverse impacts of their businesses, and account
                                                                                                                  Corporate Governance Principles in accordance
                                                            for how these impacts are addressed.
                                                                                                                  with the provisions of the Financial Services
                                                                                                                  Authority.
                     Does the company have a separate
                     report/section that discusses its                                                            Yes
         C.4.7
                     efforts on environment/economy                                                               As stated in the Annual Report for Fiscal Year 2023.
                     and social issues?
         C.5
         Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for
         violation of their rights.
                     Does the company provide
                                                            G20/OECD Principles of Corporate Governance
                     contact details via the company's                                                            Yes
                                                            (2023): VI.D.2:
                     website or Annual Report which                                                               The Company published the Sustainability
                                                            The legal framework and process should be
                     stakeholders (e.g. customers,                                                                Report for the 2023 Fiscal Year and can be
         C.5.1                                              transparent and not impede the ability of
                     suppliers, general public etc.) can                                                          accessed via the Company's website:
                                                            stakeholders to communicate and to obtain
                     use to voice their concerns and/or                                                           https://bni.co.id/id-id/kerja/investor/
                                                            redress for the violation of rights at a reasonable
                     complaints for possible violation of                                                         reportpresentasi
                                                            cost and without excessive delay.
                     their rights?




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          Practices               Governance                   Responsibility               Commitment                  Statements




 No        Parameter                                              Reference Guide                             Implementation Description
 C.6       Mechanisms for employee participation should be permitted to develop.
           Does the company explicitly             G20/OECD Principles of Corporate Governance
                                                                                                       Yes
           disclose the policies and practices     (2023): VI.D.3:
 C.6.1                                                                                                 As stated in the Annual
           on health, safety and welfare for its   The degree to which employees participate in
                                                                                                       Report for Fiscal Year 2023
           employees?                              corporate governance depends on national laws
                                                   and practices, and may vary from company to
           Does the company explicitly
                                                   company as well. In the context of corporate        Yes
           disclose the policies and practices
 C.6.2                                             governance, mechanisms for participation may        As stated in the Annual
           on training and development
                                                   benefit companies directly as well as indirectly    Report for Fiscal Year 2023
           programmes for its employees?
                                                   through the readiness by employees to invest
                                                   in firm specific skills. Examples of mechanisms
                                                   for employee participation include employee
                                                   representation on boards and governance
                                                   processes such as works councils that consider
                                                   employee viewpoints in certain key decisions.
                                                   International conventions and national norms
                                                   also recognise the rights of employees to
           Does the company have a                 information, consultation and negotiation. With
           reward/compensation policy that         respect to performance enhancing mechanisms,        Yes
 C.6.3     accounts for the performance of         employee stock ownership plans or other profit      As stated in the Annual
           the company beyond short-term           sharing mechanisms can be found in many             Report for Fiscal Year 2023
           financial measures?                     jurisdictions. Pension commitments are also
                                                   often an element of the relationship between the
                                                   company and its past and present employees.
                                                   Where such commitments involve establishing
                                                   an independent fund, its trustees should be
                                                   independent of the company’s management
                                                   and manage the fund in the interest of all
                                                   beneficiaries.
           Stakeholders including individual employee and their representative bodies, should be able to freely communicate their
 C.7
           concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this.
           Does the company have a whistle         G20/OECD Principles of Corporate Governance
           blowing policy which includes           (2023): VI.D.5.
                                                                                                       Yes
           procedures for complaints by            Unethical and illegal practices by corporate
                                                                                                       The Company announces the Company's
           employees and other stakeholders        officers may not only violate the rights of
 C.7.1                                                                                                 contact details in the Annual Report for Fiscal
           concerning alleged illegal and          stakeholders but also be detrimental to the
                                                                                                       Year 2023 and the Company's website: https://
           unethical behaviour and provide         company in terms of reputational effects. It is
                                                                                                       bni.co.id/id-id/kontak/kontakbni/produkikami
           contact details via the company's       therefore important for companies to establish
           website or annual report?               a confidential whistleblowing policy with
                                                   procedures and safe-harbours for complaints
                                                   by workers, either personally or through their
                                                   representative bodies, and others outside the
           Does the company have a policy          company, concerning illegal and unethical
           or procedures to protect an             behaviour. The board should be encouraged           Yes
 C.7.2     employee/person who reveals             to protect these individuals and representative     As stated in the Annual Report for Fiscal Year
           alleged illegal/unethical behaviour     bodies and to give them confidential direct         2023.
           from retaliation?                       access to someone independent on the board,
                                                   often a member of an audit or an ethics
                                                   committee.




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       DISCLOSURE AND TRANSPARENCY
          No         Parameter                                                      Availability                           Implementation Description
          D.1        Transparent ownership structure                                    Guiding Reference
                                                                 G20/OECD Principles of Corporate Governance         Yes
                     Does the information on shareholdings
                                                                 (2023):                                             As stated in the 2023 Financial Year
          D.1.1      reveal the identity of beneficial owners,
                                                                 IV.A. Disclosure should include, but not be         Annual Report in the Main and Controlling
                     holding 5% shareholding or more?
                                                                 limited to, material information on:                Shareholder Information section.
                                                                                                                     Yes
                     Does the company disclose the direct        IV.4. Major share ownership, including
                                                                                                                     As stated in the 2023 Financial Year
          D.1.2      and indirect (deemed) shareholdings of      beneficial owners, and voting rights.
                                                                                                                     Annual Report in the Main and Controlling
                     major and/or substantial shareholders?      One of the basic rights of investors is to be
                                                                                                                     Shareholder Information section.
                                                                 informed about the ownership structure of
                                                                 the company and their rights vis-a-vis the          Yes
                     Does the company disclose the direct        rights of other owners. The right to such           As stated in the 2023 Financial Year
          D.1.3      and indirect (deemed) shareholdings of      information should also extend to information       Annual Report in the Main and Controlling
                     directors (commissioners)?                  about the structure of a group of companies         Shareholder Information section.
                                                                 and intra-group relations. Such disclosures
                                                                 should make the objectives, nature and              Yes
                     Does the company disclose the direct
                                                                 structure of the group transparent. Disclosure      As stated in the 2023 Fiscal Year Annual Report
          D.1.4      and indirect (deemed) shareholdings of
                                                                 of ownership data should be provided                in the Main and Controlling Shareholder
                     senior management?
                                                                 once certain thresholds of ownership are            Information section.
                                                                 passed. In equity markets characterised by
                                                                 dispersed ownership structures where small
                                                                 shareholdings may assure significant influence
                                                                 over a company, these thresholds could be set
                                                                 lower. Such disclosure might include data on
                                                                 major shareholders and others that, directly
                                                                 or indirectly, may significantly influence or
                                                                 control the company through, for example,
                                                                 special voting rights, shareholder agreements,
                                                                 the ownership of controlling or large blocks of
                                                                 shares, the use of holding company structures
                                                                 involving layering of companies or significant
                                                                 cross-shareholding relationships and cross
                                                                 guarantees. It is also required or considered
                                                                 good practice in some jurisdictions to disclose
                                                                 shareholdings of directors, including non-
                                                                 executives, and it is good practice that such
                     Does the company disclose details of the    disclosure is made on an ongoing basis.
                                                                                                                     Yes
                     parent/holding company, subsidiaries,
                                                                 For enforcement purposes in particular, and         As stated in the Annual Report for Fiscal Year
          D.1.5      associates, joint ventures and special
                                                                 to identify potential conflicts of interest,        2023 in the Name and Address of Subsidiaries,
                     purpose enterprises/ vehicles (SPEs)/
                                                                 related party transactions and insider trading,     Associated Entities section.
                     (SPVs)?
                                                                 information about record ownership needs to
                                                                 be complemented with current information
                                                                 about beneficial ownership. An increasing
                                                                 number of jurisdictions use a centralised
                                                                 national registry while others may require
                                                                 a company-level registry to facilitate access
                                                                 to up-to-date and accurate information on
                                                                 beneficial ownership. In cases where such
                                                                 registries are not available, information about
                                                                 the beneficial owners should be obtainable at
                                                                 least by regulatory and enforcement agencies
                                                                 and/or through the judicial process. In addition,
                                                                 guidance issued by the Financial Action Task
                                                                 Force and the IMF that advocates a multi-
                                                                 pronged approach to ensure availability of
                                                                 information on beneficial ownership can be
                                                                 useful in this regard.




1032   From Local to Global
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Performa
Capital & Risk Management       Laporan
                                Good Corporate               Social &Profil
                                                                      Environmental           Analisa
                                                                                                 ESG dan Pembahasan           Financial        Fungsi
  2023 Practices               Manajemen
                                  Governance                     Perusahaan
                                                                 Responsibility              Manajemen
                                                                                             Commitmentatas Kinerja Bank     Statements    Penunjang Bisnis




  No       Parameter                                                       Availability                             Implementation Description
 D.2       Quality of Annual Report
           Does the company's annual report disclose the following items:
                                                          G20/OECD Principles of Corporate                   Yes
                                                          Governance (2023):                                 As stated in the Annual Report of 2023 Fiscal
  D.2.1    Corporate objectives
                                                          IV.A.    Disclosure should include, but not        Year in the Vision, Mission, and Corporate
                                                          be limited to, material information on:            Culture section.
                                                                                                             Yes
                                                          IV.A.1. The financial and operating results
                                                                                                             As stated in several sections in the Annual
                                                          of the company.
  D.2.2    Financial performance indicators                                                                  Report of 2023 Fiscal Year, including the
                                                          IV.A.2. Company objectives and
                                                                                                             Financial Highlights and Management Report
                                                          sustainability-related information.
                                                                                                             sections
                                                          IV.A.5. Information about the composition
                                                          of the board and its members, including their      Yes
                                                          qualifications, the selection process, other       As stated in several sections in the Annual
  D.2.3    Non-financial performance indicators           company directorships and whether they are         Report of 2023 Fiscal Year, including the
                                                          regarded as independent by the board.              Operational Highlights and Management
                                                          IV.A.6. Remuneration of members of the             Report sections.
                                                          board and key executives.
                                                          IV.A.7. Foreseeable risk factors.                  Yes
  D.2.4    Dividend policy                                IV.A.10. Debt contracts, including the risk of     As stated in the Annual Report of 2023 Fiscal
                                                          non-compliance with covenants.                     Year in the Dividend Policy section.

                                                          ICGN (2021) PRINCIPLE 2:
           Biographical details (at least age,            Leadership and independence
           academic qualifications, date of first                                                            Yes
           appointment, relevant experience,              ICGN (2021) PRINCIPLE 3:                           As stated in the Annual Report of 2023 Fiscal
  D.2.5
           and any other directorships of                 Composition and appointment                        Year in the Board of Directors' Profile and
           listed companies) of all directors/                                                               Board of Commissioners' Profile sections.
           commissioners                                  ICGN (2021) PRINCIPLE 5:
                                                          Remuneration
           Corporate Governance Confirmation Statement
                                                          G20/OECD Principles of Corporate Governance
                                                                                                             Yes
           Does the Annual Report contain a               (2023):
                                                                                                             As stated in the Annual Report of 2023 Fiscal Year
           statement confirming the company's full        IV.A. Disclosure should include, but not limited
                                                                                                             in the Management Report and Implementation
           compliance with the code of corporate          to, material information on:
  D.2.6                                                                                                      of Corporate Governance Aspects and Principles
           governance and where there is non-             IV.A.9. Governance structures and policies,
                                                                                                             sections in accordance with Financial Services
           compliance, identify and explain reasons       including the extent of compliance with national
                                                                                                             Authority Regulations, as well as Bad Corporate
           for each such issue?                           corporate governance codes or policies and the
                                                                                                             Governance Practices.
                                                          process by which they are implemented
 D.3       Remuneration of Members of the Board and Key Executives
                                                          ICGN (2021) PRINCIPLE 5:
                                                          5.9. Non-executive director remuneration
                                                          The board, or shareholders as required by
                                                          law in some jurisdictions, should determine
                                                          levels of pay for non- executive directors
                                                          and the non-executive chair and ensure
                                                                                                             Yes
           Is there disclosure of the fee structure for   that it is structured in a way which ensures
  D.3.1                                                                                                      As stated in the Annual Report for Fiscal Year
           non-executive directors/commissioners?         independence, objectivity and alignment with
                                                                                                             2023
                                                          the long- term interests of the company and
                                                          all its shareholders. Remuneration paid to
                                                          non-executive directors should be publicly
                                                          disclosed. Performance-based pay or share
                                                          options should not be granted to non-
                                                          executive directors and non- executive chairs.




                                                                                                   Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk    1033
Page 447
           2023
           Permodalan & Praktik       Management
                                          Tata Kelola             Tanggung
                                                                      Company
                                                                           Jawab Sosial           Management
                                                                                                     Komitmen Discussion and       Laporan     Business Support
       Performance
            Manajemen Risiko            Report
                                          Perusahaan                 danProfile
                                                                         Lingkungan             AnalysisESG
                                                                                                         on Company Performance   Keuangan        Functions




           No      Parameter                                                    Availability                            Implementation Description
                                                               G20/OECD Principles of Corporate
                                                               Governance (2023):
                                                               IV.A. Disclosure should include, but not be
                                                               limited to, material information on:
                                                               IV.A.6 Remuneration of members of the board
                   Does the company publicly disclose [i.e.
                                                               and key executives
                   annual report or other publicly disclosed
                                                               Disclosure on an individual basis (including
          D.3.2    documents] details of remuneration                                                             No
                                                               termination and retirement provisions) is
                   of each non-executive director/
                                                               increasingly regarded as good practice and
                   commissioner?
                                                               is now required or recommended in most
                                                               jurisdictions. Some of these jurisdictions call
                                                               for remuneration of a certain number of the
                                                               highest paid executives to be disclosed, while
                                                               in others it is confined to specified positions.
                                                               V.D. The board should fulfil certain key
                                                               functions, including:

                                                               V.D.5 Aligning key executive and board
                                                               remuneration with the longer term interests
                                                               of the company and its shareholders.
                                                               It is regarded as good practice for boards to
                                                               develop and disclose a remuneration policy
                                                               statement covering board members and
                                                               key executives, as well as to disclose their
                                                               remuneration levels set pursuant to this
                                                               policy. Such policy statements may specify,
                                                               especially with respect to executives, the
                                                               relationship between remuneration and
                   Does the company disclose its               performance with ex-ante criteria linked
                   remuneration (fees, allowances, benefit-    to performance, and include measurable
                   in-kind and other emoluments) policy/       standards that emphasise the long-                 Yes
          D.3.3    practices (i.e. the use of short term and   term interests of the company and the              As stated in the Annual Report for Fiscal Year
                   long term incentives and performance        shareholders over short-term considerations.       2023.
                   measures) for its executive directors and   Such measurable standards among others
                   CEO?                                        may relate to total shareholder return and
                                                               appropriate sustainability goals and metrics.
                                                               Policy statements generally tend to set
                                                               conditions for payments to board members
                                                               for extra-board activities, such as consulting.
                                                               They also often specify terms to be observed
                                                               by board members and key executives about
                                                               holding and trading the stock of the company,
                                                               and the procedures to be followed in granting
                                                               and re-pricing options. In some jurisdictions,
                                                               policy statements also provide guidance on
                                                               the payments to be made when hiring and/or
                                                               terminating the contract of an executive. The
                                                               board may also monitor the implementation
                                                               of the policy statement on remuneration.
                                                               G20/OECD Principles of Corporate
                                                               Governance (2023):
                                                               IV.A.6.
                   Does the company publicly disclose [i.e.
                                                               Disclosure on an individual basis (including
                   annual report or other publicly disclosed
                                                               termination and retirement provisions) is
                   documents] the details of remuneration
          D.3.4                                                increasingly regarded as good practice and         No
                   of each of the executive directors and
                                                               is now required or recommended in most
                   CEO [if he/she is not a member of the
                                                               jurisdictions. Some of these jurisdictions call
                   Board]?
                                                               for remuneration of a certain number of the
                                                               highest paid executives to be disclosed, while
                                                               in others it is confined to specified positions.




1034   From Local to Global                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1034
Page 448
Capital & Risk Management        Good Corporate          Social & Environmental             ESG                           Financial
          Practices               Governance                 Responsibility              Commitment                      Statements




  No       Parameter                                                   Availability                              Implementation Description

 D.4       Disclosure of related party transactions (RPT)

                                                      G20/OECD Principles of Corporate                    Yes
                                                      Governance (2023):                                  As stated in the 2023 Fiscal Year Annual Report
           Does the company disclose its policy       IV.A. Disclosure should include, but not            in the Transactions with Related Parties and
  D.4.1    covering the review and approval of        limited to, material information on:                Prohibitions, Limitations and/or Significant
           material RPTs?                             IV.A.7. Related party transactions.                 Obstacles section for Transferring Funds
                                                                                                          between Banks and Other Entities in One
                                                      ICGN (2021) PRINCIPLE 9:                            Business Group.
                                                      9.4 Related party transactions
                                                      The board should develop, adopt and
                                                      disclose a related party transactions
                                                      (RPT) Policy and have a robust process
                                                      for approving, reviewing and monitoring
                                                      RPTs and any inherent conflicts of interest.
                                                      This includes establishing a committee of           Yes
                                                      independent directors, either as a separate         As stated in the 2023 Fiscal Year Annual Report
           Does the company disclose the name,        committee, or an existing committee                 in the Transactions with Related Parties and
  D.4.2    relationship, nature and value for each    comprised of independent directors, for             Prohibitions, Limitations and/or Significant
           material RPTs?                             example the audit committee. The committee          Obstacles section for Transferring Funds
                                                      should review significant related party             between Banks and Other Entities in One
                                                      transactions to determine whether they are          Business Group.
                                                      in the best interests of the company and,
                                                      if so, to determine what terms are fair and
                                                      reasonable. The conclusion of committee
                                                      deliberations on significant related party
                                                      transactions should be disclosed in the
                                                      company's annual report to shareholders.

 D.5       Directors and commissioners dealings in shares of the company

                                                      G20/OECD Principles of Corporate
                                                      Governance (2023):
                                                      IV.A. Disclosure should include, but not be
                                                      limited to, material information on:
                                                      IV.A.4. Major share ownership, including
                                                      beneficial owners, and voting rights.

                                                      ICGN (2021) PRINCIPLE 4:
                                                      4.4 Employee share dealing
                                                      The Board should develop clear rules
                                                      regarding any trading by directors and
                                                      employees in the company's own securities.
                                                      Individuals should not benefit directly or
           G20/OECD Principles of Corporate           indirectly from knowledge which is not              As stated in the 2023 Fiscal Year Annual Report
           Governance (2023):                         generally available to the market.                  in the Ownership Report/Changes in Share
  D.5.1
           V.D. The board should fulfil certain key                                                       Ownership Report section for the Board of
           functions, including:                      ICGN (2021) PRINCIPLE 5:                            Commissioners and Directors.
                                                      5.5 Share ownership
                                                      The board should disclose the company
                                                      policy concerning ownership of shares of the
                                                      company by the CEO, non-executive directors
                                                      and executives. This should include the
                                                      company policy as to how share ownership
                                                      requirements are to be achieved and for how
                                                      long they are to be retained. While CEO and
                                                      executive share ownership is encouraged,
                                                      the use of derivatives or other structures
                                                      that enable the hedging of an individual's
                                                      exposure to the company's shares should be
                                                      prohibited.




                                                                                                 Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1035
Page 449
           2023                        Management                       Company                     Management Discussion and                   Business Support
       Performance                       Report                          Profile                  Analysis on Company Performance                  Functions




          No         Parameter                                                     Availability                          Implementation Description
         D.6         External auditor and Auditor Report
                     Where the same audit firm is engaged for both audit and non-audit services
                                                                G20/OECD Principles of Corporate
                                                                Governance (2023):
                                                                IV.C.     An annual external audit should be
                                                                conducted by an independent, competent
                                                                and qualified auditor in accordance with
                                                                internationally recognised auditing, ethical
                                                                and independence standards in order to
                                                                provide reasonable assurance to the board
                                                                and shareholders on whether the financial
                                                                statements are prepared, in all material
                                                                aspects, in accordance with an applicable
                                                                financial reporting framework.

                                                                G20/OECD Principles of Corporate
                                                                Governance (2023):
                                                                IV.D. External auditors should be accountable      As stated in the 2023 Financial Year Annual
                     Are the audit and non-audit fees
          D.6.1                                                 to the shareholders and owe a duty to the          Report in the Independent External Auditor
                     disclosed?
                                                                company to exercise due professional care in       section.
                                                                the conduct of the audit in the public interest.

                                                                ICGN (2021) PRINCIPLE 8:
                                                                8.3 Audit Committee
                                                                The terms of reference for the committee
                                                                should be publicly disclosed and include:
                                                                f) Recommending the appointment,
                                                                reappointment and, if necessary, the removal
                                                                of the external auditor, as well as approving
                                                                audit fees. Any non-audit fees should
                                                                normally be less than the audit fee and, if not,
                                                                there should be a clear explanation as to why
                                                                it was necessary for the auditor to provide
                                                                these services and how the independence
                                                                and objectivity of the audit was assured.
                                                                ICGN (2021) PRINCIPLE 8:
                                                                8.3 Audit Committee
                                                                The terms of reference for the committee
                                                                should be publicly disclosed and include:
                                                                f) Recommending the appointment,
                                                                reappointment and, if necessary, the removal
                     Does the non-audit fee exceed the audit
          D.6.2                                                 of the external auditor, as well as approving      No
                     fees?
                                                                audit fees. Any non-audit fees should
                                                                normally be less than the audit fee and, if not,
                                                                there should be a clear explanation as to why
                                                                it was necessary for the auditor to provide
                                                                these services and how the independence
                                                                and objectivity of the audit was assured.


       RESPONSIBILITIES OF THE BOARD
         No          Parameter                                                     Guide                                    Implementation Description
                     Board Duties and
          E.1
                     Responsibilities
         Clearly defined board responsibilities and corporate governance policy
                                                                                                                        Yes
                                                                                                                        The Board of Directors and Board
                                                                                                                        of Commissioners' Work Guidelines
                                                        G20/OECD Principles of Corporate Governance (2023):             and Regulations are published on the
                                                        IV.       Disclosure and transparency                           Company's website. http://bni.co.id/id-id/
                     Does the company disclose its      IV.A.     Disclosure should include, but not be limited to,     corporate/tatakelola/pedomandantatatertib
         E.1.1       corporate governance policy /      material information on:                                        As also stated in the 2023 Fiscal
                     board charter?                     9. Governance structures and policies, including the extent     Year Annual Report in the section on
                                                        of compliance with national corporate governance codes or       Implementation of the Principles of
                                                        policies and the process by which they are implemented.         Good Corporate Governance, Board of
                                                                                                                        Commissioners’ Work Guidelines and
                                                                                                                        Regulations and Board of Directors Work
                                                                                                                        Guidelines and Regulations




1036   From Local to Global
Page 450
Capital & Risk Management        Good Corporate           Social & Environmental               ESG                        Financial
          Practices               Governance                  Responsibility                Commitment                   Statements




 No        Parameter                                                     Guide                                     Implementation Description
                                              G20/OECD Principles of Corporate Governance (2023):              Yes, Published in the Company's Articles
                                              V. The responsibilities of the board                             of Association. http://bni.co.id/Portals/1/
                                              V.D. The board should fulfil certain key functions, including:   BNI/Company/TaKelola/Docs/
           Are the types of decisions
                                              1. Reviewing and guiding corporate strategy, major plans         GCG/072018_resize_ AD%20BNI%20
           requiring board of directors/
 E.1.2                                            of action, annual budgets and business plans; setting        2018%20(and%20
           commissioners' approval
                                                  performance objectives; monitoring implementation            AHU).pdf As also stated in the Annual
           disclosed ?
                                                  and corporate performance; and overseeing major              Report for Fiscal Year 2023 in the Board of
                                                  capital expenditures, acquisitions and divestitures.         Commissioners' Decisions and Board of
                                              2. Reviewing and assessing risk management policies and          Directors' Decisions 2023/2023 section
                                                  procedures.
                                              3. Monitoring the effectiveness of the company’s
                                                  governance practices and making changes as needed.
                                              4. Selecting, overseeing and monitoring the performance
                                                  of key executives, and, when necessary, replacing them
                                                  and overseeing succession planning.
                                              5. Aligning key executive and board remuneration with            Yes, Published on Board of Directors
                                                  the longer term interests of the company and its             and Board of Commissioners’ Work
                                                  shareholders.                                                Guidelines and Regulations and the
                                              6. Ensuring a formal and transparent board nomination            Company's Articles of Association. http://
           Are the roles and
                                                  and election process.                                        bni.co.id/id-id/ company/tatakelola/
           responsibilities of the board of
 E.1.3                                        7. Monitoring and managing potential conflicts of interest       Ponseldantatatertib
           directors/commissioners clearly
                                                  of management, board members and shareholders,               As also stated in the 2023 Fiscal
           stated ?
                                                  including misuse of corporate assets and abuse in            Year Annual Report in the Duties
                                                  related party transactions.                                  and Responsibilities of the Board
                                              8. Ensuring the integrity of the corporation’s accounting        of Commissioners and Duties and
                                                  and reporting systems for disclosure, including the          Responsibilities of the Board of Directors.
                                                  independent audit, and that appropriate systems of
                                                  control are in place, in compliance with the law and
                                                  relevant standards.
                                              9. Overseeing the process of disclosure and
                                                  communications.
 Corporate Vision/Mission
                                                                                                               Yes
           Does the company have an           G20/OECD Principles of Corporate Governance (2023):              As stated in the 2023 Fiscal Year Annual
 E.1.4     updated vision and mission         V. The responsibilities of the board                             Report in Section of Vision, Mission and
           statement?                         V.D. The board should fulfil certain key functions, including:   Company Culture
                                              1. Reviewing and guiding corporate strategy, major plans
           Does the board of directors play   of action, annual budgets and business plans; setting            Yes
           a leading role in the process      performance objectives; monitoring implementation and            As stated in the 2023 Financial Year Annual
 E.1.5     of developing and reviewing        corporate performance; and overseeing major capital              Report in the Management Report and
           the company's strategy at least    expenditures, acquisitions and divestitures.                     Business Prospects section.
           annually?
                                              ICGN (2021) PRINCIPLE 1:
                                              Board role and responsibilities
                                              1.1 Responsibilities
                                              The board is accountable to shareholders and relevant
                                              stakeholders for preserving and enhancing sustainable
                                              value over the long-term in alignment with a company’s
           Does the board of directors
                                              purpose and long-term strategy.                                  Yes
           have a process to review,
                                                                                                               As stated in the 2023 Fiscal Year Annual
 E.1.6     monitor and oversee the
                                              G20/OECD Principles of Corporate Governance (2023): V:           Report in the Management Report and
           implementation of the corporate
                                              The responsibilities of the board                                Business Development Strategy section.
           strategy?
                                              V.D. The board should fulfil certain key functions, including:
                                              1. Reviewing and guiding corporate strategy, major plans
                                              of action, annual budgets and business plans; setting
                                              performance objectives; monitoring implementation and
                                              corporate performance; and overseeing major capital
                                              expenditures, acquisitions and divestitures.




                                                                                                 Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1037
Page 451
           2023                         Management                      Company                     Management Discussion and                  Business Support
       Performance                        Report                         Profile                  Analysis on Company Performance                 Functions




         No          Parameter                                                     Guide                                    Implementation Description
          E.2        Board structure                    Guiding Reference
         Code of Ethics or Conduct
                                                        G20/OECD Principles of Corporate Governance (2023): V:         Yes
                                                        The responsibilities of the board                              Yes, it is regulated in the Work Guidelines
                                                                                                                       and Regulations for the Board of Directors
                                                                                                                       and Board of Commissioners which are
                     Are the details of the code of     V.C. The board should apply high ethical standards.
         E.2.1                                                                                                         published on the Company's website
                     ethics or conduct disclosed?       The board has a key role in setting the ethical tone           http://bni.co.id/id-id/ company/tatakelola/
                                                        of a company, not only through its own actions, but            produkdantatatertib As also stated in the
                                                        also in appointing and overseeing key executives and           Annual Report for Financial Year 2023 in
                                                        consequently the management in general. High ethical           the Code of Ethics section Company.
                                                        standards are in the long-term interests of the company as
                     Are all directors/commissioners,   a means to make it credible and trustworthy, not only in       Yes
                     senior management and              day-to-day operations, but also with respect to longer term    As stated in the Annual Report
         E.2.2
                     employees required to comply       commitments. To make the objectives of the board clear         2023 Books section Compliance with the
                     with the code/s?                   and operational, many companies have found it useful           Code of Ethics
                                                        to develop company codes of conduct based on, among
                                                        others, professional standards and sometimes broader
                                                        codes of behaviour, and to communicate them throughout
                                                        the organisation. This may include a commitment by
                                                        the company (including its subsidiaries) to comply with
                                                        the OECD Guidelines for Multinational Enterprises and
                                                        associated due diligence standards. Similarly, jurisdictions
                                                        are increasingly demanding that boards oversee the
                                                        lobbying, finance and tax planning strategies, thus
                                                        providing authorities with timely and targeted information
                     Does the company have a            and discouraging practices, for example the pursuit of         Yes
                     process to implement and           aggressive tax planning schemes, that do not contribute        As stated in the 2023 Fiscal Year Annual
         E.2.3                                          to the long-term interests of the company and its
                     monitor compliance with the                                                                       Report section on Efforts to Implement
                     code/s of ethics or conduct?       shareholders, and can cause legal and reputational risks.      and Enforce the Code of Ethics

                                                        Company-wide codes serve as a standard for conduct by
                                                        both the board and key executives, setting the framework
                                                        for the exercise of judgement in dealing with varying
                                                        and often conflicting constituencies. At a minimum, the
                                                        code of ethics should set clear limits on the pursuit of
                                                        private interests, including dealings in the shares of the
                                                        company. An overall framework for ethical conduct goes
                                                        beyond compliance with the law, which should always be a
                                                        fundamental requirement
         Board Structure & Composition
                                                                                                                       Yes
                     Do independent directors/          G20/OECD Principles of Corporate Governance (2023):
                                                                                                                       As published in the 2023 Annual Report
                     commissioners make up at least     V: The responsibilities of the board
         E.2.4                                                                                                         and
                     50% of the board of directors/     V.E. The board should be able to exercise objective
                                                                                                                       Company website https://bni.co.id/
                     commissioners?                     independent judgement on corporate affairs.
                                                                                                                       id/company/aboutbni/commissioner




1038   From Local to Global
Page 452
Capital & Risk Management       Good Corporate           Social & Environmental              ESG                        Financial
          Practices              Governance                  Responsibility               Commitment                   Statements




 No        Parameter                                                    Guide                                     Implementation Description
                                             G20/OECD Principles of Corporate Governance (2023): V:
                                             The responsibilities of the board
                                             V.E. The board should be able to exercise objective
                                             independent judgement on corporate affairs.
                                              While national approaches to defining independence
                                             vary, a range of criteria are used, such as the absence
                                             of relationships with the company, its group and its
                                             management, the external auditor of the company and
                                             substantial shareholders, as well as the absence of
                                             remuneration, directly or indirectly, from the company or
                                             its group other than directorship fees. The board may also
           Does the company have a term
                                             be required to make an affirmative finding that a director is
           limit of nine years or less or
                                             independent of the company because they have no material        Yes
           2 terms of five years1 each
                                             relationship with the company or that the director has no       It has been regulated in the Work
           for its independent directors/
                                             relationship which would interfere with the exercise of         Guidelines and Regulations for the Board
           commissioners?
                                             independent judgement in carrying out the responsibilities      of Directors/Board of Commissioners
 E.2.5
                                             of a director. Many jurisdictions also set a maximum tenure     in the Tenure of Directors/Board of
           1 The five years term must be
                                             for directors to be considered independent.)                    Commissioners section http://bni.co.id/
           required by legislation which
                                                                                                             id-id/ company/tatakelola/ guidelines and
           pre-existed the introduction
                                             ICGN (2021) PRINCIPLE 3:                                        rules
           of the ASEAN Corporate
                                             Composition and appointment
           Governance Scorecard in 2011
                                             3.4 Tenure
                                             Independent non-executive directors should serve for an
                                             appropriate length of time to ensure they contribute an
                                             impartial perspective to board discussion and decision-
                                             making. Term limits, where they exist, and the identity
                                             of directors who have exceeded such limits (and thus
                                             no longer deemed independent) should be disclosed.
                                             Director tenure should be reviewed by the Nomination
                                             Committee annually and director re-election contingent on
                                             a satisfactory evaluation of his or her contribution to the
                                             board.
                                             G20/OECD Principles of Corporate Governance (2023): V:          Yes
           Has the company set a limit       The responsibilities of the board                               It has been regulated in the Work
           of five board seats that an       V.E. The board should be able to exercise objective             Guidelines and Regulations for the Board
           individual independent/           independent judgement on corporate affairs.                     of Directors/Board of Commissioners
 E.2.6
           non-executive director/           V.E.3 Board members should be able to commit themselves         in the Tenure of Directors/Board of
           commissioner may hold             effectively to their responsibilities.                          Commissioners section http://bni.co.id/
           simultaneously?                   Service on too many boards or committees can interfere          id-id/ company/tatakelola/ guidelines and
                                             with the performance of board members. Some                     rules
                                             jurisdictions have limited the number of board positions
                                             that can be held. Specific limitations may be less important
                                             than ensuring that members of the board enjoy legitimacy
                                             and confidence in the eyes of shareholders. Disclosure
           Does the company have any         about other board and committee memberships and
           executive directors who serve     chair responsibilities to shareholders is therefore a key
 E.2.7     on more than two boards of        instrument to improve board and committee nominations.          No
           listed companies outside of the   Achieving legitimacy would also be facilitated by the
           group?                            publication of attendance records for individual board
                                             members (e.g. whether they have missed a significant
                                             number of meetings) and any other work undertaken on
                                             behalf of the board and the associated remuneration.




                                                                                              Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1039
Page 453
           2023                        Management                       Company                      Management Discussion and                    Business Support
       Performance                       Report                          Profile                   Analysis on Company Performance                   Functions




         No          Parameter                                                     Guide                                     Implementation Description
         Nominating Committee
                                                      G20/OECD Principles of Corporate Governance (2023):                Yes
                                                      II: The rights and equitable treatment of shareholders and key     The Company has a Nomination and
                     Does the company have a
                                                      ownership functions                                                Remuneration Committee http://bni.
                     Nominating Committee?
                                                      II.C.5 Effective shareholder participation in key corporate        co.id/id-id/ company/tatakelola/ board of
                                                      governance decisions, such as the nomination and election of       commissioners committee
                                                      board members, should be facilitated. Shareholders should
                     Is the Nominating Committee                                                                         Yes
                                                      be able to make their views known, including through votes
                     comprised of a majority                                                                             As stated in the 2023 Fiscal Year
         E.2.9                                        at shareholder meetings, on the remuneration of board
                     of independent directors/                                                                           Annual Report in the Nomination and
                                                      members and/or key executives, as applicable. The equity
                     commissioners?                                                                                      Remuneration Committee section.
                                                      component of compensation schemes for board members
                                                      and employees should be subject to shareholder approval.
         E.2.8
                                                      With respect to nomination of candidates, boards in many
                                                      companies have established nomination committees to
                                                      ensure proper compliance and transparency with established
                                                      nomination procedures and to facilitate and co-ordinate
                                                      the search for a balanced, diverse and qualified board. It is
                                                      regarded as good practice for independent board members
                                                                                                                         Yes
                                                      to have a key role on this committee. To further improve the
                                                                                                                         As per the Annual Report 2023 Fiscal
                                                      selection process, the Principles also call for full and timely
                                                                                                                         Year, Chairman of the Nomination and
                                                      disclosure of the experience and background of candidates
                                                                                                                         Remuneration Committee served by
                                                      for the board and the nomination process, which will allow
                                                                                                                         Agus Dermawan Wintarto Martowardojo,
                                                      an informed assessment of the abilities and suitability of each
                     Is the chairman of the                                                                              President Commissioner/Independent
                                                      candidate. It is required or considered good practice in some
                     Nominating Committee                                                                                Commissioner.
         E.2.10                                       jurisdictions to also disclose information about any other
                     an independent director/                                                                            Then at the 2023 Extraordinary
                                                      board positions or committee memberships that nominees
                     commissioner?                                                                                       GMS held on September 19 2023,
                                                      hold, and in some jurisdictions also positions that they are
                                                                                                                         the GMS transferred Mr Pradjoto as
                                                      nominated for.
                                                                                                                         President Commissioner/Independent
                                                                                                                         Commissioner and become the
                                                      G20/OECD Principles of Corporate Governance (2023): V: The
                                                                                                                         Nomination and Remuneration
                                                      responsibilities of the board
                                                                                                                         Committee.
                                                      V.E.1 Boards should consider assigning a sufficient number
                                                      of independent board members capable of exercising
                                                      independent judgement to tasks where there is a potential
                                                      for conflicts of interest. Examples of such key responsibilities
                                                      are ensuring the integrity of financial and other corporate
                                                      reporting, the review of related party transactions, and
                                                      nomination and remuneration of board members and key
                                                      executives.
                     Does the company disclose the    G20/OECD Principles of Corporate Governance (2023): V:             Yes
                     terms of reference/ governance   The responsibilities of the board                                  As published on the Company's website.
         E.2.11
                     structure/charter of the         V.E The board should be able to exercise objective                 https://bni.co.id/id-id/ company/tatakelola/
                     Nominating Committee?            independent judgement on corporate affairs.                        board of commissioners committee
                                                      V.E.2. Boards should consider setting up specialised
                                                      committees to support the full board in performing
                                                      its functions, in particular the audit committee – or
                                                      equivalent body – for overseeing disclosure, internal
                                                      controls and audit-related matters. Other committees,
                                                      such as remuneration, nomination or risk management,
                                                      may provide support to the board depending upon the
                                                      company’s size, structure, complexity and risk profile. Their
                                                      mandate, composition and working procedures should be
                                                      well defined and disclosed by the board which retains full         Yes
                     Is the meeting attendance of     responsibility for the decisions taken.                            Annual Report for Fiscal Year 2023,
                     the Nominating Committee                                                                            section of Nomination and Remuneration
         E.2.12      disclosed and if so, did the     Where justified in terms of the size, structure, sector            Committee Meeting Agenda, as well
                     Nominating Committee meet at     or level of development of the company as well as the              as Frequency and Attendance Level of
                     least twice during the year?     board’s needs and the profile of its members, the use of           Nomination and Remuneration Committee
                                                      committees may improve the work of the board and allow             Meetings.
                                                      for a deeper focus on specific areas. In order to evaluate the
                                                      merits of board committees, it is important that the market
                                                      receives a full and clear picture of their mandate, scope,
                                                      working procedures and composition. Such information
                                                      is particularly important in the many jurisdictions where
                                                      boards are required to establish independent audit
                                                      committees with powers to oversee the relationship with
                                                      the external auditor.




1040   From Local to Global
Page 454
Capital & Risk Management      Good Corporate          Social & Environmental              ESG                         Financial
          Practices             Governance                 Responsibility               Commitment                    Statements




 No        Parameter                                                  Guide                                     Implementation Description
 Remuneration Committee / Compensation Committee
                                           G20/OECD Principles of Corporate Governance (2023): V:           Yes
                                           The responsibilities of the board                                The Company has a Nomination and
           Does the company have a
 E.2.13                                    V.D. The board should fulfil certain key functions, including:   Remuneration Committee http://bni.
           Remuneration Committee?
                                           V.D.5 Aligning key executive and board remuneration              co.id/id-id/ company/tatakelola/ board of
                                           with the longer term interests of the company and its            commissioners committee
                                           shareholders.
                                                                                                            Yes
                                           It is regarded as good practice for boards to develop and
           Is the Remuneration                                                                              As stated in the 2023 Fiscal Year Annual
                                           disclose a remuneration policy statement covering board
           Committee comprised entirely                                                                     Report in the Nomination Committee
                                           members and key executives, as well as to disclose their
           of non-executive directors/                                                                      section
 E.2.14                                    remuneration levels set pursuant to this policy. Such
           commissioners with a majority                                                                    and Remuneration and information on the
                                           policy statements may specify, especially with respect to
           of independent directors/                                                                        Company's website. http://bni.co.id/id-id/
                                           executives, the relationship between remuneration and
           commissioners ?                                                                                  company/governance/board of
                                           performance with ex ante criteria linked to performance,
                                                                                                            commissioners committee
                                           and include measurable standards that emphasise the
                                           long-term interests of the company and the shareholders
                                           over short-term considerations. Such measurable standards
                                           among others may relate to total shareholder return
                                           and appropriate sustainability goals and metrics. Policy
                                           statements generally tend to set conditions for payments
                                           to board members for extra-board activities, such as
                                           consulting. They also often specify terms to be observed
                                           by board members and key executives about holding and
                                                                                                            Yes
                                           trading the stock of the company, and the procedures to
                                                                                                            As per the Annual Report for Fiscal Year
                                           be followed in granting and re-pricing options. In some
                                                                                                            2023 , Chairman of the Nomination and
                                           jurisdictions, policy statements also provide guidance on
                                                                                                            Remuneration Committee served by
                                           the payments to be made when hiring and/or terminating
                                                                                                            Agus Dermawan Wintarto Martowardojo,
                                           the contract of an executive. The board may also
           Is the chairman of the                                                                           President Commissioner/Independent
                                           monitor the implementation of the policy statement on
           Remuneration Committee                                                                           Commissioner.
 E.2.15                                    remuneration.
           an independent director/                                                                         Then at the 2023 Extraordinary
           commissioner?                                                                                    GMS held on September 19 2023,
                                           Many jurisdictions recommend or require that
                                                                                                            the GMS transferred Mr Pradjoto as
                                           remuneration policy and contracts for board members
                                                                                                            President Commissioner/Independent
                                           and key executives be handled by a special committee
                                                                                                            Commissioner and become Chair of
                                           of the board comprising either wholly or a majority of
                                                                                                            the Nomination and Remuneration
                                           independent directors and excluding executives that serve
                                                                                                            Committee.
                                           on each other’s remuneration committees, which could
                                           lead to conflicts of interest. The introduction of malus
                                           and claw-back provisions is considered good practice.
                                           They grant the company the right to withhold and recover
                                           compensation from executives in cases of managerial fraud
                                           and other circumstances, for example when the company is
                                           required to restate its financial statements due to material
                                           noncompliance with financial reporting requirements.




                                                                                             Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1041
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           2023                         Management                       Company                      Management Discussion and                    Business Support
       Performance                        Report                          Profile                   Analysis on Company Performance                   Functions




         No          Parameter                                                      Guide                                     Implementation Description
                     Does the company disclose the     G20/OECD Principles of Corporate Governance (2023):                Yes
                     terms of reference/ governance    V. The responsibilities of the board                               As published on the Company's website.
         E.2.16
                     structure/ charter of the         V.E. The board should be able to exercise objective                https://bni.co.id/id-id/ company/tatakelola/
                     Remuneration Committee?           independent judgement on corporate affairs.                        committeedewankomisaris
                                                       V.E.2. Boards should consider setting up specialised
                                                       committees to support the full board in performing
                                                       its functions, in particular the audit committee – or
                                                       equivalent body – for overseeing disclosure, internal
                                                       controls and audit-related matters. Other committees,
                                                       such as remuneration, nomination or risk management,
                                                       may provide support to the board depending upon the
                                                       company’s size, structure, complexity and risk profile. Their
                                                       mandate, composition and working procedures should be
                                                       well defined and disclosed by the board which retains full         Yes, as stated in Annual Report for Fiscal
                     Is the meeting attendance of      responsibility for the decisions taken.                            Year 2023, section of Nomination and
                     the Remuneration Committee
                                                                                                                          Remuneration Committee Meeting
         E.2.17      disclosed and, if so, did the     Where justified in terms of the size and structure of the          Agenda, as well as Frequency and
                     Remuneration Committee meet       company and its board, as well as the company’s sector             Attendance Level of Nomination and
                     at least twice during the year?   or level of development, the use of committees may                 Remuneration Committee Meetings.
                                                       improve the work of the board. In order to evaluate the
                                                       merits of board committees it is important that the market
                                                       receives a full and clear picture of their purpose, duties and
                                                       composition. Such information is particularly important
                                                       in the many jurisdictions where boards are required to
                                                       establish independent audit committees with powers
                                                       to oversee the relationship with the external auditor.
                                                       Audit committees should also be able to oversee the
                                                       effectiveness and integrity of the internal control system.
         Audit Committee
                                                       G20/OECD Principles of Corporate Governance (2023): V:
                                                       The responsibilities of the board
                                                       V.E. The board should be able to exercise objective
                                                       independent judgement on corporate affairs.
                                                       V.E.1 Boards should consider assigning a sufficient                Yes
                     Does the company have an          number of independent board members capable of                     The Company has an Audit Committee
         E.2.18
                     Audit Committee?                  exercising independent judgement to tasks where there              http://bni.co.id/id-id/ company/tatakelola/
                                                       is a potential for conflicts of interest. Examples of such         committeedewankomisaris
                                                       key responsibilities are ensuring the integrity of financial
                                                       and other corporate reporting, the review of related party
                                                       transactions, and nomination and remuneration of board
                                                       members and key executives.
                                                       G20/OECD Principles of Corporate Governance (2023): V: The
                     Is the Audit Committee            responsibilities of the board                                      Yes
                     comprised entirely of             V.E. The board should be able to exercise objective                As stated in the 2023 Fiscal Year Annual
                     non-executive directors/          independent judgement on corporate affairs.                        Report in the Audit Committee section and
         E.2.19
                     commissioners with a majority     V.E.1 Boards should consider assigning a sufficient number         information on the Company's website.
                     of independent directors/         of independent board members capable of exercising                 http://bni.co.id/id-id/ company/tatakelola/
                     commissioners?                    independent judgement to tasks where there is a potential          committeedewankomisaris
                                                       for conflicts of interest. Examples of such key responsibilities
                                                       are ensuring the integrity of financial and other corporate        Yes
                                                       reporting, the review of related party transactions, and           As stated in the 2023 Annual Report
                     Is the chairman of the Audit
                                                       nomination and remuneration of board members and key               for the Audit Committee section and
         E.2.20      Committee an independent
                                                       executives.                                                        on the Company's website. https://bni.
                     director/commissioner?
                                                                                                                          co.id/id-id/ company/tatakelola/ board of
                                                       ICGN (2021) PRINCIPLE 8:                                           commissioners committee
                                                       Internal and external audit
                                                       8.3. Audit committee
                                                       The board should establish an audit committee comprised
                                                       entirely of independent non-executive directors. At least          Yes
                     Does the company disclose the
                                                       one member of the audit committee should have recent and           As published in
                     terms of reference/governance
         E.2.21                                        relevant financial expertise and all audit committee members       Company website. https://bni.co.id/
                     structure/charter of the Audit
                                                       should be financially literate, including a basic understanding    id-id/ company/tatakelola/ board of
                     Committee?
                                                       of accounting. Audit committees should also have a clear           commissioners committee
                                                       understanding of how sustainability factors can impact the
                                                       company’s financial statements.




1042   From Local to Global
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Capital & Risk Management        Good Corporate          Social & Environmental             ESG                        Financial
          Practices               Governance                 Responsibility              Commitment                   Statements




 No        Parameter                                                    Guide                                    Implementation Description

           Does at least one of the
                                                                                                            Yes
           independent directors/             ICGN (2021) PRINCIPLE 8:
                                                                                                            As stated in the Annual Report for Fiscal
           commissioners of the               Internal and external audit
 E.2.22                                                                                                     Year 2023 in
           committee have accounting          8.3. Audit committee
                                                                                                            Audit Committee Structure, Membership
           expertise (accounting              The board should establish an audit committee comprised
                                                                                                            and Expertise section.
           qualification or experience)?      entirely of independent non-executive directors. At least
                                              one member of the audit committee should have recent
                                              and relevant financial expertise and all audit committee
                                              members should be financially literate, including a basic     Yes, as stated in Annual Report for the
           Is the meeting attendance of the
                                              understanding of accounting. Audit committees should also     2023 Fiscal Year section of the Nomination
           Audit Committee disclosed and,
                                              have a clear understanding of how sustainability factors      and Remuneration Committee Meeting
 E.2.23    if so, did the Audit Committee
                                              can impact the company’s financial statements.                Agenda, as well as the Frequency and
           meet at least four times during
                                                                                                            Attendance Level of Audit Committee
           the year?
                                                                                                            Meetings.

                                              ICGN (2021) PRINCIPLE 8:
                                              Internal and external audit
                                              8.3 Audit committee
                                              The board should establish an audit committee comprised
                                              entirely of independent non-executive directors. At least
                                              one member of the audit committee should have recent
                                              and relevant financial expertise and all audit committee
                                              members should be financially literate, including a basic
           Does the Audit Committee
                                              understanding of accounting. Audit committees should also
           have primary responsibility
                                              have a clear understanding of how sustainability factors
 E.2.24    for recommendation on the                                                                        No
                                              can impact the company’s financial statements. The terms
           appointment, and removal of
                                              of reference for the committee should be publicly disclosed
           the external auditor?
                                              and include:
                                              (f) recommending the appointment, reappointment and,
                                              if necessary, the removal of the external auditor, as well
                                              as the approving audit fees. Any non-audit fees should
                                              normally be less than the audit fee and, if not, there
                                              should be a clear explanation as to why it was necessary
                                              for the auditor to provide these services and how the
                                              independence and objectivity of the audit was assured;
   E.3     Board Processes
 Board meetings and attendance
                                              Scheduling board meetings before or at the beginning
                                              of the year would allow directors to plan ahead to attend
                                              such meetings, thereby helping to maximise participation,     Yes
           Are the board of directors
                                              especially as non-executive directors often have other        As stated in the 2023 Fiscal Year Annual
 E.3.1     meeting scheduled before the
                                              commitments. Additional ad hoc meetings can always be         Report in the Board of Directors' Meetings
           start of financial year?
                                              scheduled if and when necessary. It is common practice        section
                                              for boards in developed markets to schedule meetings in
                                              this way.
                                              G20/OECD Principles of Corporate Governance (2023):
                                              V. The responsibilities of the board
                                              V.E.3 Board members should be able to commit themselves
                                              effectively to their responsibilities.
                                              "Achieving legitimacy would also be facilitated by the
                                              publication of attendance records for individual board
                                              members (e.g. whether they have missed a significant
           Does the board of directors/                                                                     Yes
                                              number of meetings) and any other work undertaken on
 E.3.2     commissioners meet at least six                                                                  As stated in the Annual Report for Fiscal
                                              behalf of the board and the associated remuneration."
           times during the year?                                                                           Year 2023
                                              ICGN (2021) PRINCIPLE 1:
                                              Board role and responsibilities
                                              1.5 Commitment
                                              The board should meet regularly to discharge its duties and
                                              directors should commit adequate time to board meeting
                                              preparation and attendance.




                                                                                              Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1043
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           2023                        Management                       Company                     Management Discussion and                  Business Support
       Performance                       Report                          Profile                  Analysis on Company Performance                 Functions




         No          Parameter                                                     Guide                                    Implementation Description
                                                        G20/OECD Principles of Corporate Governance (2023): V:
                                                        The responsibilities of the board
                                                        V.E. The board should be able to exercise objective
                     Has each of the directors/         independent judgement on corporate affairs.                    Yes
                     commissioners attended at least    V.E.3 Board members should be able to commit themselves        As stated in the 2023 Fiscal Year Annual
         E.3.3                                          effectively to their responsibilities.
                     75% of all the board meetings                                                                     Report in the Board of Commissioners and
                     held during the year?              Service on too many boards or committees can interfere         Board of Directors Meetings section.
                                                        with the performance of board members. Some
                                                        jurisdictions have limited the number of board positions
                                                        that can be held. Specific limitations may be less important
                                                        than ensuring that members of the board enjoy legitimacy
                                                        and confidence in the eyes of shareholders. Disclosure
                                                        about other board and committee memberships and
                                                        chair responsibilities to shareholders is therefore a key      No
                     Does the company require a         instrument to improve board and committee nominations.         As regulated in the Company's Articles
         E.3.4       minimum quorum of at least 2/3     Achieving legitimacy would also be facilitated by the          of Association https://bni.co.id/id-id/
                     for board decisions?               publication of attendance records for individual board         company/tatakelola/ bni's articles of
                                                        members (e.g. whether they have missed a significant           association
                                                        number of meetings) and any other work undertaken on
                                                        behalfof the board and the associated remuneration.
                                                        G20/OECD Principles of Corporate Governance (2023):
                                                        V. The responsibilities of the board
                                                        V.E. The board should be able to exercise objective
                                                        independent judgement on corporate affairs.
                                                        "... Independent board members can contribute
                                                        significantly to the decision making of the board. They
                                                        can bring an objective view to the evaluation of the
                                                        performance of the board and management. In addition,
                                                        they can play an important role in areas where the interests
                                                        of management, the company and its shareholders may
                                                        diverge such as executive remuneration, succession
                     Did the non-executive directors/                                                                  Yes
                                                        planning, changes of corporate control, take-over defences,
                     commissioners of the company                                                                      As stated in the Annual Report
                                                        large acquisitions and the audit function. In order for them
         E.3.5       meet separately at least once                                                                     for 2023 Fiscal Year in the Board of
                                                        to play this key role, it is desirable that boards declare
                     during the year without any                                                                       Commissioners and Board of Directors
                                                        who they consider to be independent and the criterion for
                     executives present?                                                                               Meetings section.
                                                        this judgement. Some jurisdictions also require separate
                                                        meetings of independent directors on a periodic basis."

                                                        ICGN (2021) PRINCIPLE 2:
                                                        Leadership and independence
                                                        2.7. Independent meetings
                                                        The chair should regularly hold meetings with the non-
                                                        executive directors without executive directors present.
                                                        In addition, the non-executive directors (led by the LID)
                                                        should meet at least annually, without the chair present, to
                                                        appraise the chair’s performance or as appropriate.




1044   From Local to Global
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Capital & Risk Management        Good Corporate            Social & Environmental              ESG                        Financial
          Practices               Governance                   Responsibility               Commitment                   Statements




 No        Parameter                                                      Guide                                    Implementation Description
 Access to information
                                               G20/OECD Principles of Corporate Governance (2023):
                                               V. The responsibilities of the board
                                               V.F. In order to fulfil their responsibilities, board members
                                               should have access to accurate, relevant and timely
                                               information.
                                               Board members require relevant information on a timely
                                               basis in order to support their decision-making. Non-
                                               executive board members do not typically have the same
                                               access to information as key managers within the company.
                                               The contributions of non-executive board members to the
                                               company can be enhanced by providing access to certain
                                               key managers within the company such as, for example,
                                               the company secretary, the internal auditor, and the head
           Are board papers for board
                                               of risk management or chief risk officer, and recourse
           of directors/commissioners                                                                          Yes
                                               to independent external advice at the expense of the
 E.3.6     meetings provided to the board                                                                      As stated in Annual Report for Fiscal Year
                                               company.
           at least five business days in                                                                      2023
           advance of the board meeting?
                                               In order to fulfil their responsibilities, board members
                                               should have access to and ensure that they obtain accurate,
                                               relevant and timely information. In cases when a publicly
                                               traded company is a part of a group, the regulatory
                                               framework should also ensure board members’ access
                                               to key information about the activities of its subsidiaries
                                               to manage group-wide risks and implement group-wide
                                               objectives. At the same time, the regulatory framework
                                               should maintain safeguards to ensure that insiders will not
                                               use such information for their personal gain or of others.
                                               Where companies rely on complex risk management
                                               models, board members should be made aware of the
                                               possible shortcomings of such models.
                                               G20/OECD Principles of Corporate Governance (2023): V:
                                               The responsibilities of the board
                                               V.F. In order to fulfil their responsibilities, board members
                                               should have access to accurate, relevant and timely
           Does the company secretary          information.                                                    Yes
           play a significant role in          Board members require relevant information on a timely
 E.3.7                                                                                                         As stated in Annual Report for Fiscal Year
           supporting the board in             basis in order to support their decision-making. Non-           2023 on Corporate Secretary section.
           discharging its responsibilities?   executive board members do not typically have the same
                                               access to information as key managers within the company.
                                               The contributions of non-executive board members to the
                                               company can be enhanced by providing access to certain
                                               key managers within the company such as, for example,
                                               the company secretary, the internal auditor, and the head
                                               of risk management or chief risk officer, and recourse
                                               to independent external advice at the expense of the
                                               company.

           Is the company secretary            ICGN (2021) PRINCIPLE 1:                                        Yes
           trained in legal, accountancy or    Board role and responsibilities                                 As stated in
 E.3.8     company secretarial practices       1.8. Advice                                                     Annual Report for Fiscal Year 2023 on
           and has kept abreast on             The board should have adequate resources to fulfil its          Corporate Secretary section.
           relevant developments?              responsibilities efficiently and effectively under relevant
                                               law and regulation. The board should have access to
                                               advice from a company secretary (or general counsel) and/
                                               or independent advice as appropriate at the company’s
                                               expense.




                                                                                                Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1045
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           2023                        Management                      Company                    Management Discussion and                    Business Support
       Performance                       Report                         Profile                 Analysis on Company Performance                   Functions




         No          Parameter                                                    Guide                                    Implementation Description
         Board Appointments and Re-Election
                                                      G20/OECD Principles of Corporate Governance (2023):
                                                      II. The rights and equitable treatment of shareholders and
                                                      key ownership functions
                                                      II.C.5 Effective shareholder participation in key corporate
                                                      governance decisions, such as the nomination and
                                                      election of board members, should be facilitated.
                                                      Shareholders should be able to make their views known,
                                                      including through votes at shareholder meetings, on the
                                                      remuneration of board members and/or key executives,
                                                      as applicable. The equity component of compensation
                                                      schemes for board members and employees should be
                                                      subject to shareholder approval.
                     Does the company disclose the    Electing the members of the board is a basic shareholder         Yes
         E.3.9       criteria used in selecting new   right. For the election process to be effective, shareholders    As stated in Annual Report for Fiscal Year
                     directors/commissioners?         should be able to participate in the nomination of board         2023.
                                                      members and vote on individual nominees or on different
                                                      lists of them. To this end, shareholders have access in a
                                                      number of countries to the company’s voting materials
                                                      which are made available to shareholders, subject to
                                                      conditions to prevent abuse. With respect to nomination of
                                                      candidates, boards in many companies have established
                                                      nomination committees to ensure proper compliance and
                                                      transparency with established nomination procedures
                                                      and to facilitate and co-ordinate the search for a balanced,
                                                      diverse and qualified board. It is regarded as good practice
                                                      for independent board members to have a key role on
                                                      this committee. To further improve the selection process,
                                                      the Principles also call for full and timely disclosure of
                                                      the experience and background of candidates for the
                                                      board and the nomination process, which will allow an
                                                      informed assessment of the abilities and suitability of each
                                                      candidate. It is required or considered good practice in
                                                      some jurisdictions to also disclose information about any
                                                      other board positions that nominees hold, and in some
                                                      jurisdictions also positions that they are nominated for.

                                                      G20/OECD Principles of Corporate Governance (2023): V:
                                                      The responsibilities of the board
                                                      V.D. The board should fulfil certain key functions, including:
                                                      V.D.6 Ensuring a formal and transparent board nomination
                                                      and election process.
                                                      The Principles promote an active role for shareholders
                                                      in the nomination and election of board members. The
                                                      board, with the support of a nomination committee if
                     Did the company describe the     established, has an essential role to play in ensuring that      Yes
         E.3.10      process followed in appointing   the nomination and election processes are respected. First,      As stated in Annual Report for Fiscal Year
                     new directors/commissioners?     while actual procedures for nomination may differ among          2023.
                                                      countries, the board has the responsibility to make sure
                                                      that established procedures are transparent and respected.
                                                      Second, the board has a key role in defining the general
                                                      or individual profile of board members that the company
                                                      may need at any given time, considering the appropriate
                                                      knowledge, competencies and expertise to complement the
                                                      existing skills of the board. Third, the board or nomination
                                                      committee has the responsibility to identify potential
                                                      candidates to meet desired profiles and propose them to
                                                      shareholders, and/or consider those candidates advanced
                                                      by shareholders. The board’s engagement and dialogue
                                                      with shareholders is considered good practice in this
                                                      process, provided that the board ensures transparency,
                                                      equal treatment and that inside and business sensitive
                                                      information is not disclosed. It is considered good practice
                                                      to conduct open search processes extending to a broad
                                                      range of backgrounds to respond to diversity objectives
                                                      and the evolving nature of risks.




1046   From Local to Global
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Capital & Risk Management       Good Corporate            Social & Environmental               ESG                        Financial
          Practices              Governance                   Responsibility                Commitment                   Statements




 No        Parameter                                                     Guide                                      Implementation Description
           Are all directors/commissioners
           subject to re-election every
           3 years; or 5 years for listed
                                              ICGS (2021) PRINCIPLE 3:
           companies in countries whose
                                              Composition and appointment
           legislation prescribes a term of                                                                    Yes
                                              3.7 Director election process
           5 years2 each?                                                                                      As stated in the Company's Articles of
 E.3.11                                       Directors should be elected to the board preferably on an
                                                                                                               Association and Annual Report for Fiscal
                                              annual basis, or stand for election once every three years,
           2 The five years term must be                                                                       Year 2023.
                                              and be accountable to shareholders by approval of a
           required by legislation which
                                              majority of shares voted in favour on each resolution.
           pre-existed the introduction
           of the ASEAN Corporate
           Governance Scorecard in 2011
 Remuneration Matters
                                              G20/OECD Principles of Corporate Governance (2023): V:
                                              The responsibilities of the board
                                              V.D. The board should fulfil certain key functions, including:
                                              V.D.5. Aligning key executive and board remuneration
                                              with the longer term interests of the company and its
                                              shareholders.
           Do the shareholders or the
                                              ICGN (2021) PRINCIPLE 5:                                         Yes
           Board of Directors approve the
                                              Remuneration                                                     As stated in the 2023 Annual Report on the
 E.3.12    remuneration of the executive
                                              Remuneration should be designed to equitably and                 section of Remuneration for the Board of
           directors and/or the senior
                                              effectively align the interests of the CEO, executive officers   Directors and Board of Commissioners.
           executives?
                                              and workforce with a company’s strategy and purpose to
                                              help ensure long-term sustainable value preservation and
                                              creation. Aggregate remuneration should be appropriately
                                              balanced with the payment of dividends to shareholders
                                              and retention of capital for future investment and the
                                              level of quantum should be defendable relative to social
                                              considerations relating to income inequality.
                                              G20/OECD Principles of Corporate Governance (2023):
                                              V. The responsibilities of the board
                                              V.D. The board should fulfil certain key functions, including:
                                              V.D.5 Aligning key executive and board remuneration
                                              with the longer term interests of the company and its
                                              shareholders.
                                              Many jurisdictions recommend or require that
                                              remuneration policy and contracts for board members
                                              and key executives be handled by a special committee
                                              of the board comprising either wholly or a majority of
           Does the company have
                                              independent directors and excluding executives that serve
           measurable standards to
                                              on each other’s remuneration committees, which could
           align the performance-based
                                              lead to conflicts of interest. The introduction of malus
           remuneration of the executive
                                              and claw-back provisions is considered good practice.
 E.3.13    directors and senior executives                                                                     No
                                              They grant the company the right to withhold and recover
           with long-term interests of
                                              compensation from executives in cases of managerial fraud
           the company, such as claw
                                              and other circumstances, for example when the company is
           back provision and deferred
                                              required to restate its financial statements due to material
           bonuses?
                                              noncompliance with financial reporting requirements.

                                              ICGN (2021) PRINCIPLE 5:
                                              Remuneration
                                              5.4 Malus and clawback
                                              Companies should include provisions in their incentive
                                              plans that enable the company to withhold the payment of
                                              any sum (‘malus’), or recover sums paid (‘clawback’), in the
                                              event of serious misconduct or a material misstatement in
                                              the company’s financial statements.




                                                                                                 Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1047
Page 461
           2023                          Management                       Company                     Management Discussion and                   Business Support
       Performance                         Report                          Profile                  Analysis on Company Performance                  Functions




         No          Parameter                                                       Guide                                    Implementation Description
         Internal Audit
                                                         G20/OECD Principles of Corporate Governance (2023):
                                                         V. The responsibilities of the board
                                                         V.D. The board should fulfil certain key functions, including:
                                                         V.D.8. Ensuring the integrity of the corporation’s accounting
                                                         and reporting systems for disclosure, including the
                                                         independent audit, and that appropriate systems of control
                                                         are in place, in compliance with the law and relevant
                                                         standards.

                                                         The board should demonstrate a leadership role to
                                                         ensure that an effective means of risk oversight is in
                                                         place. Ensuring the integrity of the essential reporting and
                                                         monitoring systems will require that the board sets and          Yes
                     Does the company have a
         E.3.14                                          enforces clear lines of responsibility and accountability        As stated in the 2023 Annual Report for the
                     separate internal audit function?
                                                         throughout the organisation. The board will also need            Internal Audit Unit section.
                                                         to ensure that there is appropriate oversight by senior
                                                         management.

                                                         Normally, this includes the establishment of an internal
                                                         audit function. This function can play a critical role in
                                                         providing ongoing support to the audit committee of
                                                         the board or an equivalent body of its comprehensive
                                                         oversight of the internal controls and operations of the
                                                         company. The role and functions of internal audit vary
                                                         across jurisdictions, but they can include assessment and
                                                         evaluation of governance, risk management, and internal
                                                         control processes.
                                                         Companies often disclose that they have an internal audit
                                                         but, in practice, it is not uncommon for it to exist more in
                                                         form than in substance. For example, the in-house internal
                     Is the head of internal audit       audit may be assigned to someone with other operational
                                                                                                                          Yes
                     identified or, if outsourced, is    responsibilities. As internal audit is unregulated, unlike
         E.3.15                                                                                                           As stated in the 2023 Annual Report for the
                     the name of the external firm       external audit, there are firms providing outsourced internal
                                                                                                                          Internal Audit Unit section.
                     disclosed?                          audit services which are not properly qualified to do so.
                                                         Making the identity of the head of internal audit or the
                                                         external service provider public would provide some level
                                                         of safeguard that the internal audit is substantive.
                                                         G20/OECD Principles of Corporate Governance (2023): V:
                                                         The responsibilities of the board
                                                         V.D. The board should fulfil certain key functions, including:
                                                         V.D.8. Ensuring the integrity of the corporation’s accounting
                                                         and reporting systems for disclosure, including the
                     Does the appointment and            independent audit, and that appropriate systems of control
                                                                                                                          Yes
                     removal of the internal auditor     are in place, in compliance with the law and relevant
         E.3.16                                                                                                           As stated in the 2023 Annual Report for the
                     require the approval of the         standards.
                                                                                                                          Internal Audit Unit section.
                     Audit Committee?
                                                         It is considered good practice for the internal auditors to
                                                         report to an independent audit committee of the board or
                                                         an equivalent body which is also responsible for managing
                                                         the relationship with the external auditor, thereby allowing
                                                         a co-ordinated response by the board.




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 No        Parameter                                                     Guide                                     Implementation Description
 Risk Oversight
                                              G20/OECD Principles of Corporate Governance (2023): V:
                                              The responsibilities of the board
                                              V.D. The board should fulfil certain key functions, including:
                                              V.D.2. Reviewing and assessing risk management policies
                                              and procedures.
                                              V.D.8. Ensuring the integrity of the corporation’s accounting
           Does the company establish         and reporting systems for disclosure, including the
           a sound internal control           independent audit, and that appropriate systems of control
                                                                                                               Yes
           procedures/risk management         are in place, in compliance with the law and relevant
 E.3.17                                                                                                        As stated in the 2023 Financial Year Annual
           framework and periodically         standards.
                                                                                                               Report in the Risk Management section.
           review the effectiveness of that
           framework?                         ICGN (2021) PRINCIPLE 6:
                                              Risk oversight
                                              The board should proactively oversee the assessment
                                              and disclosure of the company’s key risks and approve
                                              the approach to risk management and internal controls
                                              regularly with any significant business change and satisfy
                                              itself that the approach is functioning effectively.
           Does the Annual Report/
           Annual CG Report disclose          ICGN (2021) PRINCIPLE 6:
           that the board of directors/       Risk oversight
           commissioners has conducted        The board should proactively oversee the assessment              Yes
 E.3.18    a review of the company's          and disclosure of the company’s key risks and approve            As stated in the 2023 Fiscal Year Annual
           material controls (including       the approach to risk management and internal controls            Report in the Risk Management section.
           operational, financial and         regularly with any significant business change and satisfy
           compliance controls) and risk      itself that the approach is functioning effectively.
           management systems?
                                              G20/OECD Principles of Corporate Governance (2023): IV:
                                              Disclosure and Transparency
                                              IV.A Disclosure should include, but not be limited to,
                                              material information on:
                                              IV.A.8 Foreseeable risk factors
                                              Users of financial information and market participants
                                              need information on reasonably foreseeable material risks
                                              that may include: risks that are specific to the industry or
                                              the geographical areas in which the company operates;
           Does the company disclose the
                                              dependence on commodities and value chains; financial
           key risks to which the company
                                              market risks including interest rate or currency risk; risks     Yes
           is materially exposed to (i.e.
 E.3.19                                       related to derivatives and off-balance sheet transactions;       As stated in the 2023 Financial Year Annual
           financial, operational including
                                              business conduct risks; digital security risks; and              Report in the Risk Management section.
           IT, environmental, social,
                                              sustainability risks, notably climate-related risks.
           economic)?
                                              The Principles envision the disclosure of sufficient and
                                              comprehensive information to fully inform investors and
                                              other users of the material and foreseeable risks of the
                                              company. Disclosure of risk is most effective when it is
                                              tailored to the particular company and industry in question.
                                              Disclosure about the system for monitoring and managing
                                              risk is increasingly regarded as good practice, including the
                                              nature and effectiveness of related due diligence processes.
                                              G20/OECD Principles of Corporate Governance (2023):
                                              V. The responsibilities of the board
                                              V.D. The board should fulfil certain key functions, including:
                                              V.D.8 Ensuring the integrity of the corporation’s accounting
                                              and reporting systems for disclosure, including the
                                              independent audit, and that appropriate systems of control
                                              are in place, in compliance with the law and relevant
                                              standards.
           Does the Annual Report/
                                              It is considered good practice for the internal auditors to
           Annual CG Report contain a
                                              report to an independent audit committee of the board or
           statement from the board of
                                              an equivalent body which is also responsible for managing        Yes
           directors/commissioners or
 E.3.20                                       the relationship with the external auditor, thereby allowing     As stated in the Annual Report for Fiscal
           Audit Committee commenting
                                              a co-ordinated response by the board. Both internal and          Year 2023
           on the adequacy of the
                                              external audit functions should be clearly articulated so
           company's internal controls/risk
                                              that the board can maximise the quality of assurance it
           management systems?
                                              receives. It should also be regarded as good practice for the
                                              audit committee, or equivalent body, to review and report
                                              to the board the most critical policies which are the basis
                                              for financial and other corporate reports. However, the
                                              board should retain final responsibility for oversight of the
                                              company’s risk management system and for ensuring the
                                              integrity of the reporting systems. Some jurisdictions have
                                              provided for the chair of the board to report on the internal
                                              control process.




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         No          Parameter                                                   Guide                                    Implementation Description
          E.4        People on the Board
         Board Chairman
                                                      G20/OECD Principles of Corporate Governance (2023):
                                                      V. The responsibilities of the board
                                                      V.E. The board should be able to exercise objective
                                                      independent judgement on corporate affairs.
                                                      In jurisdictions with single tier board systems, the            Yes
                                                      objectivity of the board and its independence from              As stated in
                     Do different persons assume      management may be strengthened by the separation                Annual Report for Fiscal Year 2023 section:
         E.4.1                                        of the role of chief executive and Cchair. Separation of
                     the roles of chairman and CEO?                                                                   Distribution of Supervisory Roles and
                                                      the two posts is generally regarded as good practice, as        Responsibilities for Each Member of the
                                                      it can help to achieve an appropriate balance of power,         Board of Commissioners.
                                                      increase accountability and improve the board’s capacity
                                                      for decision making independent of management. The
                                                      designation of a lead director who is independent of
                                                      management is also regarded as a good practice alternative
                                                      in some jurisdictions if that role is defined with sufficient
                                                      authority to lead the board in cases where management
                                                      has clear conflicts. Such mechanisms can also help to
                                                      ensure high quality governance of the company and
                                                      the effective functioning of the board. The chair or lead
                                                      independent director may, in some jurisdictions, be
                                                      supported by a company secretary.

                                                      ICGN (2021) PRINCIPLE 2:
                                                      Leadership and independence
                                                      2.1 Independent leadership
                                                      There should be a clear division of responsibilities
                                                      between the role of the chair of the board and the CEO          Yes, as stated in Annual Report for
                     Is the chairman an independent
         E.4.2                                        to avoid unfettered powers of decision-making in any            Fiscal Year 2023 in the Independent
                     director/commissioner?
                                                      one individual. This is particularly relevant in controlled     Commissioner section.
                                                      companies when either the chair or CEO are significant
                                                      shareholders. The Board should be chaired by an
                                                      independent director who should be independent on the
                                                      date of appointment. Should the role of the chair and
                                                      CEO be combined, the board should explain the reasons
                                                      why this is in the best interests of the company in the
                                                      annual report and keep the structure under review. The
                                                      responsibilities of the chair, CEO, lead independent director
                                                      and committee chairs should be clearly described and
                                                      publicly disclosed.




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 No        Parameter                                                     Guide                                     Implementation Description
                                              ICGN (2021) PRINCIPLE 2:
                                              Leadership and independence
                                              2.5 CEO succession to Chair
                                              The practice of a company’s retiring CEO remaining on the
                                              board as a director should be discouraged, regardless of
                                              any cooling off period, or in the event this practice does
           Is any of the directors a former   take place, the retiring CEO should not serve on board
 E.4.3     CEO of the company in the past     committees that require independent representation. If,         No
           2 years?                           exceptionally, the board decides that a retiring CEO should
                                              succeed to become chair, the board should consult with
                                              shareholders in advance setting out a convincing rationale
                                              and provide detailed explanation in the annual report.
                                              Unless there are extraordinary circumstances, there should
                                              be a break in service between the roles (e.g., a period of
                                              two years)
                                              ICGN (2021) PRINCIPLE 2:
                                              Leadership and independence
                                              2.3 Role of the Chair
                                              The chair should lead the board and ensure its effectiveness
                                                                                                              Yes
                                              while inspiring a shared commitment among directors
           Are the roles and                                                                                  As stated in Annual Report for Fiscal Year
                                              to the company’s purpose and long-term strategy. This
 E.4.4     responsibilities of the chairman                                                                   2023 section: Distribution of Supervisory
                                              includes encouraging a culture of openness to allow a
           disclosed?                                                                                         Roles and Responsibilities for Each
                                              range of views to be expressed and adequate time for
                                                                                                              Member of the Board of Commissioners.
                                              discussion of all agenda items. The chair should set the
                                              meeting agenda, ensuring that board members have
                                              sufficient and timely information to constructively challenge
                                              and debate managerial proposal.
 Lead Independent Director
                                              ICGN (2021) PRINCIPLE 2:
                                              Leadership and independence
                                              2.4 Lead independent director
                                              The Board should appoint a Lead Independent Director
                                              (LID) even when the chair is independent. The LID provides
           If the Chairman is not
                                              shareholders, relevant stakeholders and directors with
           independent, has the Board
                                              a valuable channel of communication to discuss matters
 E.4.5     appointed a Lead/Senior                                                                            No
                                              that may involve a conflict of interest for the board chair
           Independent Director and has
                                              which may include significant shareholders if there is
           his/her role been defined?
                                              a connection between them. The LID should not have
                                              directorship tenure in the company that raises questions
                                              as to the LID’s independence as set out in Guidance 2.6.h.
                                              In a two-tier board the LID role could be assumed by a vice
                                              chair.
 Skills and Competencies
                                              ICGN (2021) PRINCIPLE 3:
                                              Composition and appointment
           Does at least one non-executive
                                              The Board should comprise a sufficient mix of directors         Yes
           director/commissioner have
                                              with relevant knowledge, independence, competence,              As stated in Annual Report for Fiscal Year
 E.4.6     prior working experience in the
                                              industry experience and diversity of perspectives to            2023, Board of Commissioners Profile
           major sector that the company
                                              generate effective challenge, discussion and objective          section
           is operating in?
                                              decision-making in alignment with the company’s purpose,
                                              long-term strategy and relevant stakeholders.




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       LEVEL 2

       BONUS ITEMS
                                                                                                                                    Implementation
         No          Parameter                                                 Availability
                                                                                                                                      Description

         (B)A.       Rights of shareholders

                     Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting
         (B)A.1
                     procedures, that govern general shareholders meeting.
                                                G20/OECD Principles of Corporate Governance (2023):
                     Does the company           II.C.6. The objective of facilitating shareholder participation suggests
                     practice real time         that jurisdictions and/or companies promote the enlarged use of
                                                                                                                              Yes
                     secure electronic          information technology in voting, including secure electronic voting in
         (B)A.1.1                                                                                                             As stated in the Annual Report
                     voting in absentia at      all listed companies. The principles recommend that voting by proxy
                                                                                                                              for Fiscal Year 2023.
                     general meetings of        be generally accepted. Indeed, it is important to the promotion and
                     shareholders?              protection of shareholders rights that investors can place reliance upon
                                                directed proxy voting
         (B)B.
                     Equitable treatment of shareholders

         (B)B.1
                     Notice of AGM

                                                G20/OECD Principles of Corporate Governance (2023):
                                                II.C.1. Shareholders should be furnished with sufficient and timely
                     Does the company           information concerning the date, location and agenda of general
                     release its notice of      meetings, as well as full and timely information regarding the issues to
                     AGM (with detailed         be decided at the meeting.
                     agendas and                II.C.5 Effective shareholder participation in key corporate governance
         (B)B.1.1    explanatory circulars),    decisions, such as the nomination and election of board members               No
                     as announced to the
                     Exchange, at least 28      ICGN (2021) PRINCIPLE 10:
                     days before the date of    10.3 Meeting Notice
                     the meeting?               The board should ensure that the meeting agenda is posted on the
                                                company’s website at least one month prior to the meeting taking
                                                place.

         (B)C.       Sustainability and Resilience
         (B)C.1
                                                G20/OECD Principles of Corporate Governance (2023):
                                                VI.A.4. If a company publicly sets a sustainability-related goal or target,
                                                the disclosure framework should ensure that verifiable metrics are
                                                disclosed to allow investors to assess the credibility and progress
                                                toward meeting the announced goal or target.

                                                ICGN (2021) PRINCIPLE 7:
                                                7.5 Climate change
                                                The board should assess the impact of climate change on the company
                                                business model and how it will be adapted to meet the needs of a net
                                                zero economy as part of a long-term strategy. This includes setting
                     Does the company
                                                and disclosing targets to reduce carbon emissions and a period
                     disclose how it                                                                                          Yes
                                                for achievement. Where climate change risks, whether physical or
         (B).C.1.1   manages climate-                                                                                         As stated in the Annual Report
                                                transitional, are identified as material and relevant, reporting should
                     related risks and                                                                                        for Fiscal Year 2023.
                                                include discussion of the diligence process, strategy, metrics, targets
                     opportunities?
                                                and initiatives used to manage the risks.

                                                TCFD, Metrics and Targets
                                                a. Disclose the metrics used by the organisation to assess climate-
                                                related risks and opportunities in line with strategy and risk
                                                management process
                                                b. Disclose Scope 1, Scope 2, and if appropriate, Scope 3 GHG
                                                emissions and related risks
                                                c. Describe the targets used by the organisation to manage climate-
                                                related risks and opportunities and performance against targets
                                                TCFD, Metrik dan Target




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                                                                                                                            Implementation
 No             Parameter                                                Availability
                                                                                                                              Description
                                           G20/OECD Principles of Corporate Governance (2023)
                                           VI.A.5. Phasing in of requirements should be considered for
                                           annual assurance attestations by an independent, competent and
                                           qualified assurance service provider in accordance with high quality
                                           international assurance standards in order to provide an external and
                                           objective assessment of a company’s sustainability-related disclosure.

                                           ICGN (2021) PRINCIPLE 7:
                                           7.4 Sustainability reports
                                           The board should provide sustainability reporting to reflect the
                                           complexities inherent in a contemporary business by blending
                                           financial, human and natural capital considerations in the context of
                 Does the company
                                           a company’s current and future strategic direction. Such disclosures
                 disclose that its
                                           should: f. be strengthened where possible by audit or independent          Yes
                 Sustainability Report
 (B).C.1.2                                 assurance that is carried out annually having regard to established        As stated in the 2023 Fiscal Year
                 / Sustainability
                                           disclosure standards.                                                      Sustainability Report
                 Reporting is externally
                 assured?
                                           GRI 2-5 External assurance
                                           The organization shall: describe its policy and practice for seeking
                                           external assurance, including whether and how the highest governance
                                           body and senior executives are involved; If the organization’s
                                           sustainability reporting has been externally assured:
                                           i. provide a link or reference to the external assurance report(s) or
                                           assurance statement(s);
                                           ii. describe what has been assured and on what basis, including the
                                           assurance standards used, the level of assurance obtained, and any
                                           limitations of the assurance process;
                                           iii. describe the relationship between the organization and the
                                           assurance provider.
                                           G20/OECD Principles of Corporate Governance (2023)
                                           VI.B. Corporate governance frameworks should allow for dialogue
                                           between a company, its shareholders and stakeholders to exchange
                                           views on sustainability matters as relevant for the company’s business
                 Does the company
                                           strategy and its assessment of what matters ought to be considered
                 disclose the
                                           material.
                 engagement channel
                                                                                                                      Yes
                 with stakeholder
 (B).C.1.3                                 GRI 2-29 Approach to stakeholder engagement                                As stated in the 2023 Fiscal Year
                 groups and how the
                                           The organization shall describe its approach to engaging with              Sustainability Report.
                 company responds
                                           stakeholders, including:
                 to stakeholders’ ESG
                                           1. the categories of stakeholders it engages with, and how they are
                 concerns?
                                               identified;
                                           2. the purpose of the stakeholder engagement;
                                           3. ihow the organization seeks to ensure meaningful engagement
                                               with stakeholders




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                                                                                                                                  Implementation
         No          Parameter                                                 Availability
                                                                                                                                    Description
                                                G20/OECD Principles of Corporate Governance (2023):
                                                VI.C. The corporate governance framework should ensure that boards
                                                adequately consider material sustainability risks and opportunities
                                                when fulfilling their key functions in reviewing, monitoring and guiding
                                                governance practices, disclosure, strategy, risk management and
                                                internal control systems, including with respect to climate-related
                                                physical and transition risks.

                     Does the company           When fulfilling their key functions, boards are increasingly ensuring
                     have a unit / division     that material sustainability matters are also considered. For instance,
                                                                                                                            Yes
                     / committee who is         boards may assess if and how sustainability matters affect companies’
         (B).C.1.4                                                                                                          As stated in the Annual Report
                     specifically responsible   risk profiles. Such assessments may also relate to key executive
                                                                                                                            for Fiscal Year 2023.
                     to manage the              remuneration and nomination (e.g. whether targets integrated into
                     sustainability matters?    executives’ compensation plans would be quantifiable, linked to
                                                financially material risks and incentivise a long-term view) or whether a
                                                board committee on sustainability would be useful.

                                                ICGN (2021) PRINCIPLE 1:
                                                1.1 Responsibilities
                                                e. accountability for the governance of sustainability ensuring the
                                                integration of human capital (particularly the workforce) and natural
                                                capital management in strategy, innovation and risk;
                                                G20/OECD Principles of Corporate Governance (2023)
                                                VI.C. The corporate governance framework should ensure that boards
                                                adequately consider material sustainability risks and opportunities
                                                when fulfilling their key functions in reviewing, monitoring and guiding
                                                governance practices, disclosure, strategy, risk management and
                                                internal control systems, including with respect to climate-related
                     Does the company           physical and transition risks.
                     disclose board
                     of directors/
                                                ICGN (2021) PRINCIPLE 1:                                                    Yes
                     commissioners'
         (B).C.1.5                              1.1 Responsibilities                                                        As stated in the Annual Report
                     oversight of
                                                f. overseeing the company’s risk assessment and management                  for Fiscal Year 2023.
                     sustainability-
                     related risks and          (including relevant systemic risks such as climate change, ecological
                     opportunities?             degradation, social inequality and digital transformation) that affect
                                                sustainable value creation and preservation and reviewing policies
                                                annually, or with any significant business change;

                                                TCFD, Governance.
                                                a. Describe the board’s oversight of climate-related risks and
                                                opportunities.




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                                                                                                                              Implementation
 No             Parameter                                                 Availability
                                                                                                                                Description
                                            G20/OECD Principles of Corporate Governance (2023):
                                            VI.C. When fulfilling their key functions, boards are increasingly
                                            ensuring that material sustainability matters are also considered.
                                            For instance, boards may assess if and how sustainability matters
                                            affect companies’ risk profiles. Such assessments may also relate to
                                            key executive remuneration and nomination (e.g. whether targets
                                            integrated into executives’ compensation plans would be quantifiable,
                                            linked to financially material risks and incentivise a long-term view) or
                Does the company
                                            how sustainability is approached by the board and its committees
                disclose the linkage
                between executive
                                            ICGN (2021) PRINCIPLE 5:
                directors and senior                                                                                    Yes
                                            5.3 Performance measures
   (B).C.1.6    management                                                                                              As stated in the Annual Report
                                            In addition to financial performance metrics, quantifiable indicators
                remuneration                                                                                            for Fiscal Year 2023.
                                            that are material to the company’s sustainable value creation and
                and sustainability
                                            preservation, such as human capital and natural capital should be
                performance for the
                                            considered. Metrics guiding performance grants should be based on
                previous year?
                                            audited financial data, and, where possible, assured sustainability
                                            indicators.

                                            GRI 2-19 Remuneration Policies
                                            The organization shall describe how the remuneration policies for
                                            members of the highest governance body and senior executives relate
                                            to their objectives and performance in relation to the management of
                                            the organization’s impacts on the economy, environment, and people.
                                            ICGN (2021) PRINCIPLE 4:
                                            Corporate culture
                Is the company’s
                                            4.2 Whistleblowing
                Whistle Blowing                                                                                         Yes
                                            The board should ensure that the company has in place an
   (B).C.1.7    System managed by                                                                                       As stated in the Annual Report
                                            independent, confidential mechanism whereby a worker, supplier,
                independent parties /                                                                                   for Fiscal Year 2023.
                                            shareholder, or relevant stakeholder can (without fear of retribution)
                institutions?
                                            raise issues of particular concern with regard to potential or suspected
                                            breaches of a company’s code of ethics or local law.
 (B)D.          Disclosure and transparency
                Quality of Annual
 (B)D.1
                Report
                                            G20/OECD Principles of Corporate Governance (2023):
                Are the audited annual
                                            IV.A.
                financial report /                                                                                      Yes
                                            IV.A.1. The financial and operating results of the company. Audited
   (B)D.1.1     statement released                                                                                      As stated in the Annual Report
                                            financial statements showing the financial performance and the
                within 60 days from the                                                                                 for Fiscal Year 2023.
                                            financial situation of the company (most typically including the balance
                financial year end?
                                            sheet, the profit and loss statement, the cash flow statement)
                                            In this section, independent directors / commissioners, who have served for more than nine
                Responsibilities of         years or two terms of five years each (whichever is higher) in the same capacity, from their
 (B)E.
                the Board                   date of first appointment, will not be considered independent even if they are deemed to be
                                            as such in their respective jurisdictions.
 (B)E.1         Board Competencies and Diversity
                                                                                                                        Yes
                Does the company have
                                                                                                                        As stated in the Annual
                at least one female
   (B)E.1.1                                                                                                             Report for Fiscal Year 2023,
                independent director/
                                            G20/OECD Principles of Corporate Governance (2023):                         the Company has 3 Women
                commissioner?
                                            V.E.                                                                        Directors.
                Does the company have       V.E.4. Jurisdictions and companies should also consider additional
                a policy and disclose       and complementary measures to strengthen the female talent pipeline
                measurable objectives       throughout the company and reinforce other policy measures aimed at         Yes
   (B)E.1.2     for implementing its        enhancing board and management diversity.                                   As stated in the Annual Report
                board diversity and                                                                                     for Fiscal Year 2023
                report on progress in
                achieving its objectives?




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                                                                                                                                  Implementation
         No           Parameter                                                Availability
                                                                                                                                    Description
         (B)E.2       Board Structure
                                                 ICGN (2021) PRINCIPLE 2:
                                                 2.2 Independence levels
                     Is the Nominating           The board should comprise a majority of independent non-executive
                     Committee                   directors as a general standard. This should be regarded as best
          (B)E.2.1   comprise entirely of        practice not only for companies with widely-held share ownership,          No
                     independent directors/      but also for companies with concentrated share ownership and
                     commissioners?              Subsidiaries. At a minimum, controlled companies should seek to link
                                                 board independence levels to the economic stake held by minority
                                                 shareholders.
                                                 G20/OECD Principles of Corporate Governance (2023)
                                                 V.D.6. Ensuring a formal and transparent board nomination and
                                                 election process. The board, with the support of a nomination
                                                 committee if established, has an essential role to play in ensuring
                     Does the Nominating         that the nomination and election processes are respected. First, while
                     Committee undertake         actual procedures for nomination differ among jurisdictions, the board
                     the process of              has the responsibility to make sure that established procedures are        Yes
          (B)E.2.2   identifying the quality     transparent and respected. Second, the board has a key role in defining    As stated in the Annual Report
                     of directors aligned with   the collective or individual profile of board members that the company     for Fiscal Year 2023
                     the company's strategic     may need at any given time, considering the appropriate knowledge,
                     directions?                 competencies and expertise to complement the existing skills of the
                                                 board. Third, the board or nomination committee has the responsibility
                                                 to identify potential candidates to meet desired profiles and propose
                                                 them to shareholders, and/or consider those candidates advanced by
                                                 shareholders.
         (B)E.3      Board Appointments and Re-Election
                     Does the company use
                     professional search
                     firms or other external
                     sources of candidates       G20/OECD Principles of Corporate Governance (2023):
                     (such as director           V.D.6. The board or nomination committee has the responsibility to
          (B)E.3.1   databases set up by         identify potential candidates to meet desired profiles and propose         No
                     director or shareholder     them to shareholders, and/or consider those candidates advanced by
                     bodies) when searching      shareholders.
                     for candidates to the
                     board of directors/
                     commissioners?
         (B)E.4      Board Structure & Composition
                     Do independent non-         G20/OECD Principles of Corporate Governance (2023):
                     executive directors/        V.E.1. Boards should consider assigning a sufficient number of
                     commissioners make          independent board members capable of exercising independent
                                                                                                                            Yes
                     up more than 50% of         judgement to tasks where there is a potential for conflicts of interest.
          (B)E.4.1                                                                                                          As stated in the Annual Report
                     the board of directors/     Examples of such key responsibilities are ensuring the integrity of
                                                                                                                            for Fiscal Year 2023
                     commissioners for           financial and other corporate reporting, the review of related party
                     a company with              transactions, and nomination and remuneration of board members and
                     independent chairman?       key executives




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                                                                                                                                   Implementation
 No                  Parameter                                                Availability
                                                                                                                                     Description
 (B)E.5              Risk Oversight
                                                G20/OECD Principles of Corporate Governance (2023):
                                                V.D.2. When fulfilling these key functions, the board should ensure
                                                that material sustainability matters are considered. With a view to
                     Does the company
                                                increasing resilience, boards should also ensure that they have
                     disclose that its Board
                                                adequate processes in place within their risk management frameworks
                     identified key risk in
                                                to deal with significant external company relevant risks, such as health
                     relation to information
                                                crises, supply chain disruptions and geopolitical tensions. These
                     technology including
                                                frameworks should work ex ante (as companies should foster their             Yes
                     disruption, cyber
   (B)E.5.1                                     resilience in the event of a crisis) and ex post (as companies should be     As stated in the Annual Report
                     security, and disaster
                                                able to set up crisis management processes at the onset of a sudden          for Fiscal Year 2023
                     recovery, to ensure that
                                                negative event). Of notable importance is the management of digital
                     such risks are managed
                                                security risks, which are dynamic and can change rapidly. Risks may
                     and integrated into the
                                                relate, among other matters, to data security and privacy, the handling
                     overall risk management
                                                of cloud solutions, authentication methods, and security safeguards
                     framework?
                                                for remote personnel working on external networks. As with other
                                                risks, these risks should be integrated more broadly within the overall
                                                cyclical company risk management framework.
 (B)E.6              Board Performance/Commisioners
                                                ICGN (2021) PRINCIPLE 6:
                                                6.5 Risk Committee
                                                While ultimate responsibility for a company’s risk management
                     Does the company have      approach rests with the full board, having a risk committee can be an        Yes
   (B)E.6.1          a separate board level     effective mechanism to bring the transparency, focus and independent         As stated in the Annual Report
                     Risk Committee?            judgement needed to oversee the company’s approach to risk                   for Fiscal Year 2023
                                                management and internal controls. A risk committee, and the board
                                                more generally, should be informed through the company’s enterprise-
                                                wide internal control and risk management system.


LEVEL 2

PENALTY
                                                                                                                                                 Implementation
 No.                         Parameter                                                       Availability
                                                                                                                                                   Description
 (P)A.                       Rights of shareholders
 (P)A.1                      Basic shareholder rights
                             Did the company fail or
                             neglect to offer equal       G20/OECD P
          (P)A.1.1           treatment for share          rinciples of Corporate Governance (2023):                                            No
                             repurchases to all           II.A.
                             shareholders?
                             Shareholders, including institutional shareholders, should be allowed to consult with each other on issues concerning their basic
 (P)A.2
                             shareholder rights as defined in the Principles, subject to exceptions to prevent abuse.
                             Is there evidence of
                             barriers that prevent        G20/OECD Principles of Corporate Governance (2023):
                             shareholders from            II.D. Shareholders, including institutional shareholders, should be allowed to
 (P)A.2.1                                                                                                                                      No
                             communicating or             consult with each other on issues concerning their basic shareholder rights as
                             consulting with other        defined in the Principles, subject to exceptions to prevent abuse
                             shareholders?
                             Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting
 (P)A.3
                             procedures, that govern general shareholders meeting.
                             Did the company include
                             any additional and
 (P)A.3.1                    unannounced agenda           G20/OECD Principles of Corporate Governance (2023): II.C.2                           No
                             item into the notice of
                             AGM/EGM?
                             Did the company include
                             any additional and
 (P)A.3.2                    unannounced agenda           G20/OECD Principles of Corporate Governance (2023): II.C.                            No
                             item into the notice of
                             AGM/EGM?




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                                                                                                                                              Implementation
         No.              Parameter                                                      Availability
                                                                                                                                                Description
                          Capital structures and arrangements that enable certain shareholders to obtain a degree of control disproportionate to their equity
         (P)A.4
                          ownership should be disclosed.
                          Did the company fail to disclose the existence of:
         (P)A.4.1         Shareholders agreement?                                                                                           No
                                                       G20/OECD Principles of Corporate Governance (2023):
         (P)A.4.2         Voting cap?                                                                                                       No
                                                       II.D.
         (P)A.4.3         Multiple voting rights?                                                                                           No
                          A.5 Capital structures and arrangements that enable certain shareholders to obtain a degree of control disproportionate to their
         (P)A.5
                          equity ownership should be disclosed.
                                                       G20/OECD Principles of Corporate Governance (2023):
                                                       IV.A.3. Some capital structures such as pyramid structures, cross-shareholdings
                                                       and shares with limited or multiple voting rights allow shareholders to exercise
                                                       a degree of control over the corporation disproportionate to their equity
                                                       ownership in the company.

                                                       Company groups are often complex structures that involve several layers
                                                       of subsidiaries, including across different sectors and jurisdictions. These
                          Is a pyramid ownership
                                                       structures may limit the ability of non-controlling shareholders of the parent
                          structure and/ or cross
         (P)A.5.1                                      and Subsidiaries to influence corporate policies and understand the risks
                          holding structure
                                                       involved, and may allow controlling shareholders to extract private benefits
                          apparent?
                                                       from group companies

                                                       Given the potential of these mechanisms to redistribute the influence of
                                                       shareholders on company policy, and also its relevance for the enforcement of
                                                       takeover regulation, the disclosure of such capital structures, group structures
                                                       and their control arrangements should be required. Disclosure about such
                                                       schemes also allows shareholders, debtholders and potential investors to make
                                                       better informed decisions.
         (P)B.           Equitable treatment of shareholders
         (P)B.1          Insider trading dan transaksi pribadi yang merugikan tidak diperbolehkan
                                                       G20/OECD Principles of Corporate Governance (2023):
                                                       III.E. Institutional investors, stock markets, and other intermediaries
                         Has there been any            III.E.3. Insider trading and market manipulation should be prohibited and the
                         conviction of insider         applicable rules enforced.
                         trading involving
         (P)B.1.1        directors/commissioners,      ICGN (2021) PRINCIPLE 4:                                                             No
                         management and                4.4 Employee share dealing
                         employees in the past three   The board should develop clear rules regarding any trading by directors and
                         years?                        employees in the company’s own securities. Individuals should not benefit
                                                       directly or indirectly from knowledge which is not generally available to the
                                                       market.




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                                                                                                                                             Implementation
 No.                    Parameter                                                        Availability
                                                                                                                                               Description
 (P)B.2                Protecting minority shareholders from abusive action
                                                       G20/OECD Principles of Corporate Governance (2023):
                                                       III. Institutional investors, stock markets, and other intermediaries
                                                       III.E. Insider trading and market manipulation should be prohibited and the
                                                       applicable rules enforced.

                                                       ICGN (2021) PRINCIPLE 9:
                                                       9.3 Conflicts of interest
                       Has there been any cases        The board should ensure that policies and procedures on conflicts of interest
                       of non compliance with the      are established, understood and implemented by directors, management,
                       laws, rules and regulations     workers and other relevant parties, including members of related business
 (P)B.2.1                                                                                                                                   No
                       pertaining to material          groups. If a director has an interest in a matter under consideration by the
                       related party transactions in   board, then the director should promptly declare such an interest and be
                       the past three years?           precluded from voting on the subject or exerting influence

                                                       9.4 Related party transactions
                                                       The board should develop, adopt and disclose a related party transactions (RPT)
                                                       Policy and have a robust process for approving, reviewing and monitoring RPTs
                                                       and any inherent conflicts of interest. This includes establishing a committee of
                                                       independent directors, either as a separate committee, or an existing committee
                                                       comprised of independent directors, for example the audit committee.
                       Were there any RPTs
                       that can be classified as
                                                       G20/OECD Principles of Corporate Governance (2023):
                       financial assistance (i.e
                                                       II.G. Minority shareholders should be protected from abusive actions by, or in the interest of, controlling
 (P)B.2.2              not conducted at arms
                                                       shareholders acting either directly or indirectly, and should have effective means of redress. Abusive
                       length) to entities other
                                                       selfdealing should be prohibited.
                       than wholly-owned
                       Subsidiaries?
 (P)C.                 Role of stakeholders
 (P)C.1                The rights of stakeholders that are established by law or through mutual agreements are to be respected.
                                                       G20/OECD Principles of Corporate Governance (2023):
                                                       IV.D. The rights of stakeholders that are established by law or through mutual
                       Have there been any             agreements are to be respected.
                       violations of any laws
                       pertaining to labour/           (8) Companies are also well advised to establish and ensure the effectiveness of
 (P)C.1.1              employment/ consumer/           internal controls, ethics, and compliance programmes or measures to comply           No
                       insolvency/ commercial/         with applicable laws, regulations and standards, including statutes criminalising
                       competition or                  the bribery of foreign public officials, as required under the OECD Anti-Bribery
                       environmental issues?           Convention, and other forms of bribery and corruption. Moreover, compliance
                                                       must also relate to other laws and regulations such as those covering securities,
                                                       taxation, competition, and work and safety conditions.
                       Where stakeholders participate in the corporate governance process, they should have access to relevant, sufficient and reliable
 (P)C.2                information on a timely and regular basis.


                       Has the company faced any
                       sanctions by regulators         G20/OECD Principles of Corporate Governance (2023):
                       for failure to make             IV.D.4. Where stakeholders participate in the corporate governance process,
 (P)C.2.1                                                                                                                                   No
                       announcements within the        they should have access to relevant, sufficient and reliable information on a
                       requisite time period for       timely and regular basis.
                       matearial events?




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                                                                                                                                                 Implementation
         No.              Parameter                                                       Availability
                                                                                                                                                   Description
                                                        G20/OECD Principles of Corporate Governance (2023):
                                                        VI.C. Boards should ensure that companies’ lobbying activities are coherent
                                                        with their sustainability-related goals and targets.

                         Is there any evidence that     Boards should effectively oversee the lobbying activities management
         (P).C.2.2       the company is engaging in     conducts and finances on behalf of the company, in order to ensure that                No
                         greenwashing activities?       management gives due regard to the long-term strategy for sustainability
                                                        adopted by the board. For instance, lobbying against any carbon pricing
                                                        policy may be expected to increase a company’s short-term profits but not be
                                                        in line with the company’s goal to make an orderly transition to a low carbon
                                                        economy.
         (P)D.           Disclosure and transparency
                         Sanctions from regulator on                                                                                           Implementation
         (P)D.1                                         Guiding Reference
                         financial reports                                                                                                     Description
                         Did the company receive        G20/OECD Principles of Corporate Governance (2023):
         (P)D.1.1        a "qualified opinion" in its   IV: Disclosure and Transparency                                                        No
                         external audit report?         IV.B. Information should be prepared and disclosed in accordance with
                                                        internationally recognised accounting and disclosure standards.
                         Did the company receive
                                                        IV.C. An annual external audit should be conducted by an independent,
         (P)D.1.2        an "adverse opinion" in its                                                                                           No
                                                        competent and qualified auditor in accordance with internationally recognised
                         external audit report?
                                                        auditing, ethical and independence standards in order to provide reasonable
                         Did the company receive a      assurance to the board and shareholders on whether the financial statements
         (P)D.1.3        "disclaimer opinion" in its    are prepared, in all material respects, in accordance with an applicable financial     No
                         external audit report?         reporting framework.

                                                        ICGN (2021) PRINCIPLE 8:
                         Has the company in the past    8.2 External audit
                         year revised its financial     The board should establish formal procedures to ensure an effective and
         (P)D.1.4        statements for reasons         independent external audit of the company’s financial statements to provide            No
                         other than changes in          assurance to shareholders and relevant stakeholders around a company’s
                         accounting policies?           financial position, performance and prospects. The external auditor’s direct
                                                        reporting relationship and accountability should be to the independent audit
                                                        committee.
         (P)E.
                         Responsibilities of the Board

         (P)E.1          Compliance with listing rules, regulations and applicable laws

                                                        G20/OECD Principles of Corporate Governance (2023):
                                                        VI.D.8. Ensuring the integrity of the corporation’s accounting and reporting
                                                        systems for disclosure, including the independent external audit, and that
                                                        appropriate control systems are in place, in compliance with the law and
                                                        relevant standards.
                         Is there any evidence
                         that the company has not       Companies are also well advised to establish and ensure the effectiveness of
         (P)E.1.1        complied with any listing      internal controls, ethics, and compliance programmes or measures to comply
                                                                                                                                               No
                         rules and regulations apart    with applicable laws, regulations and standards, including statutes criminalising
                         from disclosure rules over     the bribery of foreign public officials, as required under the OECD Anti-Bribery
                         the past year?                 Convention, and other forms of bribery and corruption. Moreover, compliance
                                                        must also relate to other laws and regulations such as those covering securities,
                                                        taxation, competition, and work and safety conditions. Other laws that may
                                                        be applicable include those relating to human rights, the environment, fraud
                                                        and money laundering. Such compliance programmes will also underpin the
                                                        company’s code of ethics.
                         Have there been any
                                                        UK CODE (JULY 2018)
                         instances where non-
                                                        Provision 8. Where directors have concerns about the operation of the board or
                         executive directors/
         (P)E.1.2                                       the management of the company that cannot be resolved, their concerns should
                         commissioner have                                                                                                     No
                                                        be recorded in the board minutes. On resignation, a non-executive director
                         resigned and raised any
                                                        should provide a written statement to the chair, for circulation to the board, if
                         issues of governance-
                                                        they have any such concerns.
                         related concerns?




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                                                                                                                                               Implementation
 No.                    Parameter                                                         Availability
                                                                                                                                                 Description
 (P)E.2                Board structure
                       Does the Company have
                       any independent directors/
                       commissioners who have
                       served for more than nine
                                                      ICGN (2021) PRINCIPLE 3:
                       years or two terms of five
                                                      3.4 Tenure
                       years each (which ever
                                                      Independent non-executive directors should serve for an appropriate length of
                       is higher) in the same
                                                      time to ensure they contribute an impartial perspective to board discussion and
 (P)E.2.1              capacity?
                                                      decision-making. Term limits, where they exist, and the identity of directors who        No
                                                      have exceeded such limits (and thus no longer deemed independent) should be
                       The five years term must
                                                      disclosed. Director tenure should be reviewed by the Nomination Committee
                       be required by legislation
                                                      annually and director reelection contingent on a satisfactory evaluation of his or
                       which pre-existed before
                                                      her contribution to the board.
                       the introduction of
                       the ASEAN Corporate
                       Governance Scorecard in
                       2011
                       Did the company fail
                                                      ICGN (2021) PRINCIPLE 2:
                       to correctly identify the
                                                      2.6 Independence criteria
 (P)E.2.2              description of all their
                                                      The board should identify in the annual report the names of the directors                No
                       directors as independent,
                                                      considered by the board to be independent and who are able to exercise
                       non-executive, and
                                                      independent judgment free from any external influence.
                       executive?
                       Does the company               G20/OECD Principles of Corporate Governance (2023):
                       have any independent           V.E.3. Board members should be able to commit themseLves effectively to
                       directors/nonexecutive/        their responsibilities. Service on too many boards or committees can interfere
 (P)E.2.3              commissioners who serve        with the performance of board members. Some jurisdictions have limited                   No
                       on a total of more than five   the number of board positions that can be held. Specific limitations may be
                       boards of publicly-listed      less important than ensuring that members of the board enjoy legitimacy and
                       companies?                     confidence in the eyes of shareholders
 (P)E.3                External Audit
                                                      G20/OECD Principles of Corporate Governance (2023)
                                                      IV.C. An annual external audit should be conducted by an independent, competent
                                                      and qualified auditor in accordance with internationally recognised auditing,
                                                      ethical and independence standards in order to provide reasonable assurance to
                                                      the board and shareholders on whether the financial statements are prepared,
                                                      in all material respects, in accordance with an applicable financial reporting
                                                      framework.

                                                      Provision of non-audit services by the external auditor to a company can
                                                      impair their independence and might involve them auditing their own work
                       Is any of the directors or
                                                      or present other threats to independence. To deal with such potential threats,
                       senior management a
                                                      some jurisdictions require the disclosure of payments to external auditors for
                       former employee or partner
 (P)E.3.1                                             nonaudit services. Examples of other provisions designed to promote external             No
                       of the current external
                                                      auditor independence include a ban or severe limitation on the nature of non-
                       auditor (in the past 2
                                                      audit work which can be undertaken by an auditor for their audit client; periodic
                       years)?
                                                      communications to the audit committee discussing the nature, timing and fees of
                                                      the non-audit work (including the approval of such work) as well as relationships
                                                      that may threaten auditor independence; mandatory rotation of auditors (either
                                                      partners or in some cases the audit company); a fixed tenure for auditors; joint
                                                      audits; a temporary ban on the employment of an exauditor by the audited
                                                      company; and prohibiting auditors or their dependents from having a financial
                                                      stake or management role in the companies they audit. Some jurisdictions take
                                                      a more direct regulatory approach and limit the percentage of non-audit income
                                                      that the auditor can receive from a particular client or limit the total percentage of
                                                      auditor income that can come from one client.




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                                                                                                                                                   Implementation
         No.               Parameter                                                      Availability
                                                                                                                                                     Description
         (P)E.4          Board structure and composition
                                                      G20/OECD Principles of Corporate Governance (2023):
                                                      V.E. The board should be able to exercise objective independent judgement on
                                                      corporate affairs. In jurisdictions with single tier board systems, the objectivity of
                                                      the board and its independence from management may be strengthened by the
                                                      separation of the role of chief executive and chair. Separation of the two posts
                                                      is regarded as good practice, as it can help to achieve an appropriate balance of
                                                      power, increase accountability and improve the board’s capacity for decision-
                                                      making independent of management. The designation of a lead director who is
                                                      independent of management is also regarded as a good practice alternative in
                                                      some jurisdictions if that role is defined with sufficient authority to lead the board
                        Has the chairman been the
                                                      in cases where management has clear conflicts
         (P)E.4.1       company CEO in the last                                                                                                  No
                        three years?
                                                      ICGN (2021) PRINCIPLE 2:
                                                      2.5 CEO succession to Chair
                                                      The practice of a company’s retiring CEO remaining on the board as a director
                                                      should be discouraged, regardless of any cooling off period, or in the event this
                                                      practice does take place, the retiring CEO should not serve on board committees
                                                      that require independent representation. If, exceptionally, the board decides that
                                                      a retiring CEO should succeed to become chair, the board should consult with
                                                      shareholders in advance setting out a convincing rationale and provide detailed
                                                      explanation in the annual report. Unless there are extraordinary circumstances,
                                                      there should be a break in service between the roles (e.g., a period of two years).
                                                      UK CODE (JULY 2018)
                                                      Provision 34. Levels of remuneration for the chair and all non-executive directors
                                                      should reflect the time commitment and responsibilities of the role. Remuneration
                                                      for all non-executive directors should not include share options or other
                                                      performance-related elements.

                                                      ASX CODE (FEB 2019)
                                                      Box 8.2: Suggested guidelines for Non-executive director remuneration

                                                      Composition: non-executive directors should be remunerated by way of cash fees,
                                                      superannuation contributions and non-cash benefits in lieu of fees (such as salary
                                                      sacrifice into superannuation or equity).
                        Do non-executive directors/
                                                      Fixed remuneration: levels of fixed remuneration for non-executive directors               Yes, Board of
                        commissioners receive
         (P)E.4.2                                     should reflect the time commitment and responsibilities of the role.                       Directors receive
                        options, performance shares
                                                                                                                                                 share options
                        or bonuses?
                                                      Performance-based remuneration: nonexecutive directors should not receive
                                                      performance-based remuneration as it may lead to bias in their decision-making
                                                      and compromise their objectivity

                                                      Equity-based remuneration: it is generally acceptable for non-executive directors
                                                      to receive securities as part of their remuneration to align their interests with the
                                                      interests of other security holders.80 However, nonexecutive directors generally
                                                      should not receive options with performance hurdles attached or performance
                                                      rights as part of their remuneration as it may lead to bias in their decision-making
                                                      and compromise their objectivity

                                                      Termination payments: non-executive directors should not be provided with
                                                      retirement benefits other than superannuation.




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                                                                          APPENDIX
                                                                                                                                      Implementation
 No        Parameter                                                       Ketersediaan
                                                                                                                                        Description
           Do shareholders have the right to participate in:
                                        G20/OECD (2015) Principle II
                                                                                                                                 Yes
                                        (B) Shareholders should be sufficiently informed about, and have the right to
           Amendments to the                                                                                                     As stated in Article 28 of
 A.2.1                                  approve or participate in, decisions concerning fundamental corporate changes
           company's constitution?                                                                                               the Company's Articles of
                                        such as: (1) amendments to the statutes, or articles of incorporation or similar
                                                                                                                                 Association.
                                        governing documents of the company.
                                                                                                                                 Yes
                                                                                                                                 As stated in Article 4
           The authorisation of         G20/OECD (2015) Principle II (B):
 A.2.2                                                                                                                           paragraph (5) of the
           additional shares?           (2) the authorisation of additional shares.
                                                                                                                                 Company's Articles of
                                                                                                                                 Association, Yes, as stated.
           The transfer of all or                                                                                                Yes
                                        G20/OECD (2015) Principle II (B):
           substantially all assets,                                                                                             As stated in Article 12
                                        (3) extraordinary transactions, including the transfer of all or substantially all
 A.2.3     which in effect results                                                                                               paragraph (7) of the
                                        assets, that in effect result in the sale of the company
           in the sale of the                                                                                                    Company's Articles of
                                        G20/OECD (2015) Prinsip II
           company?                                                                                                              Association.
                                        OECD Principle II
                                        E. All shareholders of the same series of a class should be treated equally. Capital
                                        structures and arrangements that enable certain shareholders to obtain a degree
                                        of influence or control disproportionate to their equity ownership should be
                                        disclosed. 1. Within any series of a class, all shares should carry the same rights.
                                                                                                                                 Yes
                                        All investors should be able to obtain information about the rights attached to all
                                                                                                                                 As stated in the rules
                                        series and classes of shares before they purchase. Any changes in economic or
                                                                                                                                 of the Annual GMS and
           Does the company's           voting rights should be subject to approval by those classes of shares which are
                                                                                                                                 Extraordinary GMS and
           ordinary or common           negatively affected.
 B.1.1                                                                                                                           Annual Report for Fiscal
           shares have one vote for
                                                                                                                                 Year 2023 in the General
           one share?                   ICGN Principle 9.1 Share classes
                                                                                                                                 Meeting of Shareholders and
                                        Sufficient information about the material attributes of all of the company’s classes
                                                                                                                                 have been published on the
                                        and series of shares should be disclosed on a timely basis. Ordinary or common
                                                                                                                                 Company's website.
                                        shares should feature one vote for each share. Divergence from a ‘one-share, one-
                                        vote’ standard which gives certain shareholders power disproportionate to their
                                        economic interests should be disclosed and explained. Dual class share structures
                                        should be kept under review and should be accompanied by commensurate extra
                                        protections for minority shareholders, particularly in the event of a takeover bid.
                                        OECD Principle III
           Does the company have
                                        E. Insider trading and market manipulation should be prohibited and the
           policies and/or rules
                                        applicable rules enforced.
           prohibiting directors/
                                                                                                                                 Yes
           commissioners and
 B.3.1                                  ICGN Principle 4. Corporate Culture                                                      As stated in the Annual
           employees to benefit
                                        4.5 Employee share dealing                                                               Report for Fiscal Year 2023
           from knowledge which
                                        There should be clear rules regarding any trading by directors and employees in
           is not generally available
                                        the company’s own securities. Individuals should not benefit directly or indirectly
           to the market?
                                        from knowledge which is not generally available to the market.




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                                                                                APPENDIX
                                                                                                                                              Implementation
         No          Parameter                                                     Ketersediaan
                                                                                                                                                Description
                                               OECD Principle II
                                               F. Related-party transactions should be approved and conducted in a manner that
                                               ensures proper management of conflict of interest and protects the interest of the
                                               company and its shareholders.
                                               1. Conflicts of interest inherent in related-party transactions should be addressed.
                                               2. Members of the board and key executives should be required to disclose to the
                     Does the company
                                               board whether they, directly, indirectly or on behalf of third parties, have a material
                     have a policy
                                               interest in any transaction or matter directly affecting the corporation.
                     requiring directors /
                                                                                                                                         Yes
                     commissioners to
         B.4.1                                 ICGN Principle                                                                            As stated in the Annual
                     disclose their interest
                                               9.3 Conflicts of interest                                                                 Report for Fiscal Year 2023.
                     in transactions and
                                               Policies and procedures on conflicts of interest should be established, understood
                     any other conflicts of
                                               and implemented by directors, management, employees and other relevant
                     interest?
                                               parties. If a director has an interest in a matter under consideration by the board,
                                               then the director should promptly declare such an interest and be precluded from
                                               voting on the subject or exerting influence.
                                               9.4 Related party transactions The process for reviewing and monitoring related
                                               party transactions should be disclosed. For significant transactions, a committee of
                                               independent directors should be established to vet and approve the transaction.
                                               G20/OECD PRINCIPLE VI: Responsibilities of the Board
                                               (E) The board should be able to exercise objective independent judgement on
                                               corporate affairs. 3. Board members should be able to commit themselves
                                               effectively to their responsibilities. Service on too many boards can interfere with
                     Attendance details
                                               the performance of board members. Some countries have limited the number of
                     of each director/
                                               board positions that can be held. Specific limitations may be less important than         Yes
                     commissioner in all
         D.2.6                                 ensuring that members of the board enjoy legitimacy and confidence in the eyes            As stated in the Annual
                     directors/commissoners
                                               of shareholders. Disclosure about other board memberships to shareholders is              Report for Fiscal Year 2023.
                     meetings held during
                                               therefore a key instrument to improve board nominations. Achieving legitimacy
                     the year
                                               would also be facilitated by the publication of attendance records for individual
                                               board members (e.g. whether they have missed a significant number of meetings)
                                               and any other work undertaken on behalf of the board and the associated
                                               remuneration.




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                          Implementation Of Corporate
                       Governance Principles For Banks
                      According To Basel Committee On
                        Banking Supervision Standards
The standard implementation of corporate governance principles for banks issued by the Basel Committee on Banking
Supervision includes 12 principles. The implementation at BNI was as follows:
     Principle         Explanation                                                      Implementation at BNI
                       The Board of
                       Commissioners
                       responsibilities
                                                    The Board of Commissioners has duties, responsibilities and authorities as stipulated in the Work
                       include: approval
 Principle 1 Board                                  Guidelines and Rules of the Board of Commissioners of PT Bank Negara Indonesia (Persero) Tbk,
                       and supervision of
 of Commissioners                                   which was ratified through the PT Bank Negara Indonesia (Persero) Tbk Board of Commissioners
                       the implementation
 Responsibilities                                   Decree of No.KEP/049/DK/2017 dated October 26, 2017 concerning Guidelines and Working Rules for
                       of business strategy,
                                                    the PT Bank Negara Indonesia Tbk Board of Commissioners
                       structure and
                       governance mechanisms
                       and corporate culture
                       Members of the Board
                       of Commissioners be
                       qualified in accordance
                       with their duties
                       and responsibilities,
                                                    Each member of the BNI Board of Commissioners is qualified according to their duties and
                       both individually and
 Principle 2 Board                                  responsibilities, both individually and collegially as stipulated in the Company’s Articles of
                       collegially. The Board
 of Commissioners                                   Association, which states that the requirements for members of the Board of Commissioners must
                       of Commissioners
 Qualifications and                                 comply with the provisions of the Law on Limited Liability Companies, laws and regulations in the
                       must understand its
 Composition                                        Capital Market sector, and other applicable laws and regulations related to the Company’s business
                       role in supervising and
                                                    activities
                       implementing corporate
                       governance, and being
                       able to carry out sound
                       and objective decision
                       making
                       The Board of
                                                    In the BNI Governance Structure, the duties and responsibilities of the Board of Commissioners
                       Commissioners must
                                                    is supported by Board of Commissioners’ Supporting Organs consisting of the Secretary to
 Principle 3 Board     establish appropriate
                                                    the Board of Commissioners, the Audit, Remuneration and Nomination Committee, the Risk
 of Commissioners      governance structures
                                                    Monitoring Committee, and the Integrated Governance Committee. Supporting Organs of the
 Structure and         and practices for
                                                    Board of Commissioners are appointed and responsible to the Board of Commissioners. The Board
 Mechanism             carrying out their duties,
                                                    of Commissioners regularly/periodically reviews and evaluates the effectiveness of the Board of
                       and periodically review
                                                    Commissioners supporting organs.
                       their effectiveness.
                       Under the direction and
                       supervision of the Board
                       of Commissioners,
                                                    Good corporate governance mechanisms at BNI have been running well and effectively and are
                       the Board of Directors
                                                    in accordance with laws and regulations and the best standards for implementing governance
                       manages the Bank’s
                                                    that apply nationally and globally, where the Board of Commissioners functions to supervise the
                       activities in accordance
 Principle 4 Board                                  management of the Company by the Board of Directors and the Board of Directors has the duty of
                       with the business
 of Directors                                       managing the company in accordance with the principles of good corporate governance. All policies
                       strategy, risk appetite,
                                                    underlying BNI’s operational activities must obtain approval from the Board of Commissioners. The
                       remuneration policies
                                                    governance mechanism effectiveness has had a positive impact on achieving targets and improving
                       and other policies that
                                                    the Bank’s performance
                       have been approved
                       by the Board of
                       Commissioners.




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             Principle     Explanation                                                                       Implementation at BNI
                           Within a business
                           group, the Board of
                           Commissioners of the
                           Parent Company has
                           overall responsibility
                           for the Business Group      As a Holding Company with 6 (six) subsidiary companies, BNI implements Integrated Governance,
                           and for ensuring the        Integrated Risk Management, and Integrated Minimum Capital Requirements. The BNI Board
                           establishment and           of Commissioners has also formed an Integrated Governance Committee that consists of
        Principle 5        implementation of clean     representatives from all member entities of the Financial Conglomerate.
        Business Group     governance practices
        Governance         related to the structure,   BNI as the Holding Company also issues Integrated Governance Guidelines, Integrated Risk
        Structure          business and risks of       Management Policies and frameworks, Integrated Compliance Guidelines and Internal Audit, and
                           business groups and         other related policies. These policies are applied to all member companies of the BNI Financial
                           entities. The Board of      Conglomerate as long as they do not conflict with regulations that govern each company more
                           Commissioners and           specifically.
                           Board of Directors
                           must understand the
                           organizational structure
                           of the Business Group
                           and the risks it faces.
                                                       BNI's risk management strategy is carried out in an integrated manner with business strategy. The
                                                       implementation of risk management is proactive and forward looking with the aim of maximizing
                                                       added value for shareholders, managing capital comprehensively, and ensuring profitability and
                                                       sustainable business growth.

                                                       BNI has a Risk Management Organ Structure which is presented as follows:


                                                                              Board of Commissioners
                                                                                                                                                           Audit Committee
                                                                                                                                                      Risk Monitoring Committee
                                                                                                                                                Nomination and Remuneration Committee

                                                         Board of Directors                                                                        Integrated Governance Committee
                                                                                President director


                                                                              Vice President director




                                                                                                                                                          Risk Management
                           The Bank must                                                              Director in Charge                                  Committee (Non-
                                                                                                     of Risk Management                                       Structural)
                           have a qualified risk                 Director
                                                                                                      and Integrated Risk
        Principle 6 Risk   management function,                                                      Management Function
        Management         that is independent, has                                                                                                        Integrated Risk
        Function           quality resources and                                                                                                            Management
                                                                                                                                                          Committee (Non-
                           has access to the Board                                                                                                           Structural)
                           of Commissioners.
                                                                                                     Risk Management Work
                                                                                                     Unit, also as Integrated
                                                                                                        Risk Management
                                                                                                            Work Unit


                                                                                                        Financial Services
                                                                                                       Institution, Member
                                                                                                         of BNI Financial
                                                                                                         Conglomeration



                                                       The Enterprise Risk Management (ERM) Division acts as a Risk Management Work Unit (SKMR) and
                                                       Integrated Risk Management Work Unit (SKMRT). Based on its organizational structure, the Enterprise
                                                       Risk Management Division is under and directly responsible to the Director of Risk Management who
                                                       oversees the Risk Management function and the Integrated Risk Management function.

                                                       In carrying out its functions, the Risk Management Work Unit can escalate problems that occur to the
                                                       Risk Management & Anti-Fraud Committee, Risk Management Sub-Committee (KRA-RMC) or the
                                                       Director in charge of the Risk Management function. Meanwhile, the Integrated Risk Management
                                                       Work Unit escalates problems to the Integrated Risk Management Committee or the Director in
                                                       charge of the Integrated Risk Management function.




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     Principle         Explanation                                                          Implementation at BNI
                                                     BNI implements a risk management process including a continuous process of identifying,
                                                     measuring, monitoring and controlling risks for all material risk factors supported by a Risk
                                                     Management Information System.

                                                     The risk identification process is carried out proactively to analyze the source, the level of possibility
                                                     of risk arising, and the impact experienced by the company. The things to pay attention to in the risk
                                                     identification process are:
                                                     1. Identification of all risks is carried out periodically;
                                                     2. Have a method or system to identify risks for all BNI products and business activities;
                                                     3. Specifically identify risks for new products and activities, before new products/activities are
                       Risks must be                     introduced or implemented.
                       identified, monitored         The risk measurement process is carried out to determine the magnitude of risk exposure as
                       and controlled for all        a reference in controlling risk and meeting Capital Adequacy. Risk measurement is carried out
                       Bank activities. The          quantitatively and/or qualitatively according to the measurement method determined by the
Principle 7            risk management               regulator or by using internal methods for methods that have not been specifically determined. Risk
Identification of      and internal control          measurement at BNI is also equipped with stress testing for credit risk, market risk and liquidity risk
Risk Monitoring        infrastructure quality        to anticipate extreme conditions.
Management             must be keep up with
                       changes in the Bank’s         The risk monitoring process is carried out to ensure that risks have been managed properly, including
                       risk profile, external risk   through monitoring the mitigation and risk limits that have been set. Risk monitoring is carried out
                       conditions and industry       both by the Operational Work Unit (Risk Taking Unit) as the risk owner and by the Risk Management
                       practices.                    Work Unit as the Risk Control Unit.

                                                     The risk control process carried out by BNI aims to manage risks that could disrupt the continuity of
                                                     the company's business. The risk control strategy carried out by BNI is reducing risk (risk mitigation),
                                                     accepting risk (risk acceptance), avoiding risk (risk avoidance), and transferring risk (risk transfer).

                                                     In addition, BNI has also developed a Risk Management Information System to support the
                                                     implementation of risk identification, measurement, monitoring and control processes, and ensure
                                                     the availability of accurate, complete, informative, timely and reliable information so that it can be
                                                     used in the decision-making process by Management to anticipate changes in the Bank's risk profile,
                                                     industry practices and external risk conditions.
                                                     In implementing risk management in the company, BNI considers the need for alignment between
                                                     strategy and business objectives with risk management strategy and risk appetite. The risk
                                                     management strategy consists of 4 (four) main components, namely:
                                                     1. The level of risk to be taken (risk appetite) and risk tolerance (risk tolerance);
                                                     2. Risk management principles and policies;
                                                     3. Risk governance;
                       Effective implementation
                                                     4. Type of risk exposure and market conditions.
                       of risk governance
                       requires accurate risk
                                                     The governance for determining risk management strategies consists of:
                       communication within
Principle 8 Risk                                     1. The risk management strategy is one of the bases (references) in determining the business
                       the Bank between
Communication                                           strategy outlined in the BNI Bank Business Plan (RBB) which is determined annually and
                       the organization, and
                                                        submitted to the Regulator;
                       through reporting to the
                                                     2. The risk management strategy is prepared and prepared by the Risk Management Work Unit,
                       Board of Commissioners
                                                        decided by the Board of Directors through the Risk Management & Anti-Fraud Committee
                       and Directors.
                                                        Meeting for Risk Management and approval is sought from the Board of Commissioners.

                                                     The risk management strategy is communicated by the Board of Directors to Divisions/Work Units
                                                     and reviewed periodically in line with changes in business strategy, taking into account economic
                                                     conditions, banking business, changes in regulations by regulators and their impact on the Bank's
                                                     financial performance.




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             Principle      Explanation                                                       Implementation at BNI
                            The Board of
                            Commissioners is
                            responsible for
                            overseeing management
                            related to the Bank’s
                            compliance risk. The
                            Board of Commissioners      The Board of Commissioners supervisory function on the Bank’s compliance risk is carried out by the
        Principle 9         must establish a            Risk Monitoring Committee, in relation to the application of the precautionary principle, to ensure
        Compliance          compliance function and     that all Bank activities and policies have been carried out in accordance with the applicable laws and
                            provide approval for        regulations. The Board of Commissioners regularly reviews and evaluates the compliance function
                            policies and processes
                            for identifying,
                            assessing, monitoring
                            and reporting, and
                            providing advice on
                            compliance risks.
                            The internal audit
                            function must report
                            independent assurance
                            activities to the Board
                            of Commissioners and        BNI already has an internal audit work unit, which is carried out by Internal Audit, with the main task
        Principle 10        must support the Board      of carrying out assurance and consulting to provide added value and improvement to the quality of
        Internal Auditing   of Commissioners and        control, risk management and corporate governance, independently and objectively, as described in
                            the Board of Directors in   this Annual Report in the about Internal Audit section.
                            encouraging an effective
                            governance process and
                            the long term health of
                            the Bank.
                            The Bank’s remuneration
                            structure must support      BNI has a Nomination and Remuneration Committee whose formation and functions are in
        Principle 11
                            the Application of          accordance with applicable laws and regulations, so that the remuneration policies support the
        Compensation
                            corporate governance        implementation of corporate governance and risk management.
                            and risk management.
                            The Bank’s governance
                            implementation must
                            be carried out in a
        Principle 12                                    BNI has a high commitment to applying the corporate governance principles, including the
                            transparent manner
        Disclosure and                                  transparency principle. BNI always prioritizes disclosure and transparency about the Company to
                            to Shareholders,
        Transparency                                    shareholders and other stakeholders in accordance with applicable rules and regulations.
                            Depositors, other
                            relevant Stakeholders
                            and Market Participants.




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Page 484
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1072
       Commitment and Policies
1087 Special Assignment
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       Social and Environmental
       Responsibility Commitment
       and Policies

       As a state-owned enterprises (SOEs) playing a role as a        components, guided by applicable laws and regulations,
       development agent, PT Bank Negara Indonesia (Persero)          namely:
       Tbk, or BNI, is committed to consistently contribute to        1. 2007 Law No. 40 concerning Limited Liability
       facilitating the economy and accelerating the achievement of      Companies;
       Sustainable Development Goals (SDGs), which have become        2. 2012 Government Regulation No. 47 concerning Social
       a worldwide concern and also the agenda of Indonesian             and Environmental Responsibility in Limited Liability
       Government, one of which is through the implementation            Companies;
       of Social and Environmental Responsibility (SER) programs      3. Minister of SOEs Regulation of the Republic of
       and activities.                                                   Indonesia No. PER-1/MBU/03/2023 dated March 03,
                                                                         2023 concerning Special Assignments and Social and
       State-owned Enterprise’s Social and Environmental                 Environmental Responsibility Programs for State-
       Responsibility Program, also known as SOEs SER                    Owned Enterprises.
       Program, is an activity that represent SOEs’ commitment        4. OJK Regulation No. 51/POJK.03/2017 dated July 18,
       and dedication to sustainable development by providing            2017 concerning the Implementation of Sustainable
       economic, social, environmental, legal, and governance            Finance for Financial Services Institutions, Issuers and
       benefits based on more integrated, directed, measurable,          Public Companies;
       and accountable are part of the company’s business             5. Bank Internal Guidelines.
       strategy, inline with Minister of SOEs Regulation No.
       PER-1/MBU/03/2023 concerning Special Assignments               Following relevant laws and regulations, BNI has establised
       also Social and Environmental Responsibility Programs          policies used as basis for implementing compliance with
       for SOEs.                                                      information disclosure on the impact of Bank’s business
                                                                      decision and activities on society and the environment
       BNI’s SER Program is created in accordance with the Bank’s     via transparent and ethical behaviour. BNI’s SER Program
       Mission and Environmental, Social, and Governance (ESG)        policies include:




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1. Corporate Guidelines No. IN/924/KMP/001 dated January              The BNI’s SER Program is carried out systematically and
    03, 2022 concerning the Social and Environmental                  in an integrated manner to ensure the implementation,
    Responsibility (SER) program;                                     achievement of success, and impact management in
2. Corporate Guidelines on Business Banking Credit                    accordance with Program priorities and/or objectives.
    BUKU I Corporate Segment for customer credit risk                 Thus, BNI manages SER Program through the following
    analysis that regulates the requirements for AMDAL                stages:
    or PROPER (Company Rating Assessment Program in                   1. Planning;
    Environmental Management) BPP No. IN/690/PGV/001                  2. Implementation;
    dated December 20, 2018;                                          3. Controlling; dan
3. Corporate Guidelines on Community Development                      4. Reporting.
    Management No. IN/341/KMP/001 dated July 17, 2017;
4. Corporate Guidelines on Environmentally Friendly
Lifestyle No. IN/418/KMP/001 dated September 12, 2017.



                                             BNI’ SER Program Management Stages




                 Planning               Implementation                    Controlling                     Reporting




BNI’s SER Program Objectives                                          BNI’s SER Main Pillars
According to the Minister of State-Owned Enterprises of the           BNI’s SER program is also carried out with reference to 4
Republic of Indonesia Regulation No. PER-1/MBU/03/2023                (four) main pillars:
dated March 03, 2023 concerning Special Assignments                   1. Social, to achieve fair and equal fulfilment of essential
and Social and Environmental Responsibility Programs for                  human rights in order to increase welfare for the entire
State-Owned Enterprises, BNI’s SER Program objectives are:                community;
1. Providing benefits for economic development, social                2. Environment, for sustainable management of natural
    development, environmental development as well as                     resources, and the environment as a support for all life;
    legal and corporate governance development;                       3. Economy, to achieve quality economic growth through
2. Contributing to the creation of added value for the                    sustained employment and business opportunities,
    Company with integrated, targeted, measurable, and                    innovation, inclusive industry, adequate infrastructure,
    accountable principles;                                               affordable clean energy, and supported by partnerships;
3. Fostering micro and small businesses to be more                        and
    resilient and independent, as well as the communities             4. Law and governance: to provide legal certainty and
    around the company.                                                   effective, transparent, accountable, and participatory
                                                                          government in order to ensure security stability and
BNI’s SER Program Principles                                              a law-based state.
BNI’s SER Program is carried out by applying the following
principles:                                                           The four main pillars cover 17 Sustainable Development
1. Integrated, namely based on risk analysis and business             Goals: (1) No Poverty; (2) Zero Hunger; (3) Good Health
    processes related to stakeholders;                                and Well-Being; (4) Quality Education; (5) Gender Equality;
2. Targeted, namely having clear direction to achieve                 (6) Clean Water and Sanitation; (7) Affordable and Clean
    corporate goals;                                                  Energy; (8) Decent Work and Economic Growth; (9) Industry,
3. Measurable, namely making contributions and                        Innovation and Infrastructure; (10) Reduced Inequalities;
    providing benefits that generate changes or added                 (11) Sustainable Cities and Communities; (12) Responsible
    value for stakeholders and the Company; and                       Consumption and Production; (13) Climate Action; (14) Life
4. Accountability, namely being accountable and thereby               Below Water; (15) Life on Land; (16) Peace, Justice and
    avoiding the potential for misuse and deviations.                 Strong Institutions; (17) Partnerships for the Goals.




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                                                            SOE SER Pillars




                                                                Economic
                                                                  Pillars




                                                Social                        Environmental
                                                Pillar                             Pillar




                                                                Law and
                                                               Governance
                                                                 Pillars




       SOCIAL AND ENVIRONMENTAL RESPONSIBILITY PROGRAM MAIN FOCUS,
       AND COMPANY SUPPORT FOR SUSTAINABLE DEVELOPMENT GOALS
       BNI has the main focus programs consists of 5 (five) BNI Sustainability Pillars as a form of BNI’s support for the
       Sustainable Development Goals. The five BNI Sustainability Pillars include, BNI for Indonesia, BNI for Customers, BNI
       for the Environment, BNI for the Community, and BNI for Employees.

                                                5 (Five) Pillars of BNI Sustainability




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SOCIAL AND ENVIRONMENTAL RESPONSIBILITY PROGRAM MANAGER

In order for all SER programs within BNI to be effectively implemented, the overall program execution is divided across
several divisions, each with responsibilities corresponding to program categories. BNI’s SER program management is
currently under the Corporate Secretary Division (CSE) and the Business Program Division (SBP), both reporting directly
to the President Director, as attached below.



                                     SER Program Management Organizational Structure



                                  President Director                               Director of Retail Bangking




    Non-PUMK Program         Corporate Secretary Division                           Business Program Division                  PUMK Program




                                    Corporate Social                              Business Program Incubation &
                                     Responsibility                                 Stakeholder Management
                                      Department                                           Department




                                    Corporate Social                             Business Program Incubation &
                                     Responsibility                                Stakeholder Management




SOCIAL AND ENVIRONMENTAL RESPONSIBILITY IMPLEMENTATION STRATEGY
AND PROGRAM BASED ON THE CONCEPT OF SUSTAINABLE FINANCE

In developing strategies and implementing its SER programs, BNI adheres to the concept of sustainable finance. BNI
seeks to exert a positive influence and contribute to the social well-being of communities and broader society connected
to BNI, through proper and long-lasting impact of SER programs implementation.

The strategies and programs for implementing SER programs are also designed to consistently value and consider
stakeholders’ expectations, comply with applicable laws, and align with internationally behavioural norms.




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       In addition, BNI also avoids SER program with sole              The BNI SER implementation program includes the
       objective of improving BNI’s image in the eyes of the           followings:
       public and the business environment. Understanding
       the SER program objectives being implemented and                1. Micro and Small Business Funding Program (PUMK))
       the expected positive impact is BNI’s main goal to                 a. Focusing on clustering disbursement by establishing
       achieve the ideal, objective, targeted and sustainable                 synergistic cooperation with SOEs/ROEs/Local
       SER implementation goals in line with the concept                      Governments to manage fostered partners or
       of sustainable finance to achieve the sustainable                      MSMEs;
       development goals.                                                 b. Collaborating with Community Empowerment
                                                                              Institutions (LPM) that foster MSMEs.
       The concept of sustainable finance as BNI’s foundation          2. Social and Environmental Responsibility Program (Non
       in developing strategies and programs for implementing             PUMK)
       BNI’s SER, reflects BNI’s commitment to complying with             a. Distributing SER funds in line with the provisions;
       OJK No. 51/POJK.03/2017 dated July 18, 2017 concerning             b. Cooperating with professional and competent
       the Implementation of Sustainable Finance for Financial                partners to organize community empowerment
       Services Institutions, Issuers and Public Companies.                   programs;
                                                                          c. Collaborating in community development to
       This POJK was issued to support FSA’s Sustainable                      improve the programs’ quality;
       Finance Roadmap, covering public health and welfare,               d. Increasing the fostered partners capacity and
       through to the financial industry and financial institutions.          capability by providing education, training,
       This will have an impact on BNI’s efforts to encourage                 apprenticeship, marketing and other forms of
       responsible behaviour in all parts of the organization.                assistance.
                                                                       The above SER activity program is divided into 3 (three)
       In this regard, BNI’s management including the Board            major programs, namely:
       of Commissioners and Board of Directors provide their           1. BNI Initiation Program
       support in planning and direct supervision related to              Activity based on BNI thematic initiatives related to the
       sustainable finance. Through the President Director, BNI           SDGs (Sustainability Development Goals) and BNI’s
       has instigated the implementation of sustainable finance           vision and mission. BNI Initiation can also be based on
       and the division of functions related to sustainable finance       developing national issues that have a broad impact
       through the President Director Decree No. KMP/4/2602               on society.
       dated June 21, 2019 concerning the Implementation of            2. Collaboration Program
       Sustainable Finance.                                               Program that is carried out in collaboration with various
                                                                          parties to create a wider and more sustainable program
       BNI has also established an ESG (Environmental,                    impact.
       Social & Governance) Sub-Committee under the Risk               3. National Support
       Management & Anti-Fraud Committee through the Board                Activity based on the initiative of the Government
       of Directors Decree No. KP/484/DIR/R dated October 26,             as the primary stakeholder, and other community
       2021. Furthermore, BNI has a special work unit, namely             stakeholders.
       the Environment Social Governance (ESG) Management
       Department, based on Board of Directors’ Decree No.             SOCIAL AND ENVIRONMENTAL
       KP/218/DIR/R dated 17 June 2022. The ESG Management             RESPONSIBILITY PROGRAM FINANCING
       Department is part of the Enterprise Risk Management            BUDGET AND REALIZATION IN 2023
       (ERM) Division. The ESG Subcommittee and the ESG                In determining the budget for implementing the TJSL
       Management Department of the ERM Division have the              program, the approach taken by BNI until 31 December
       same authority to report sustainability performance to          2023 refers to the Regulation of the Minister of State-
       management.                                                     Owned Enterprises of the Republic of Indonesia No. PER-
                                                                       6/MBU/09/2022 of 2022 concerning Amendments to the
       In addition, the substance of SER program implementation        Regulation of the Minister of State-Owned Enterprises
       as interpreted by BNI is to fulfil POJK 51 Sustainable          No.PER-05/MBU/04/2021 concerning the Social and
       Finance, which has led to BNI Sustainability Pillar to build    Environmental Responsibility Program of State-Owned
       harmonious and mutually beneficial relationships with the       Enterprises. As mandated in this regulation, BNI has set a
       environment, community and stakeholders, both locally,          budget for implementing the TJSL (Non-PUMK) program
       nationally and globally, as well as to provide a positive       as of December 31 2023. Until the end of 2023, the
       impact on the way of thinking and environmental life.           realization of the TJSL program was IDR135.958 billion.




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According to Letter of the Minister of SOE No. S-721/MBU/11/2022 dated November 10, 2022, there are direction regarding
the optimization of PUMK funds, namely the appoinment of PT. Bank Rakyat Indonesia Persero Tbk (BRI) as manager of
the PUMK Cooperation Program. On this basis, the Cooperation Agreement No. B.21/MBD/12/2022 and No. SBP/1/018
was signed on December 13, 2022 between BNI and BRI as manager of the PUMK Cooperation Programme for a term
of 5 (five) years from 2022 to 2027. In accordance with the direction of the Minister of BUMN, PUMK distribution will be
focused on BRI as the manager of the PUMK Cooperation Program.

Upon completion of the Cooperation Agreement, BRI will pay BNI the remaining cash amounts from the UMK Funding
Program and gradually deposit the PUMK refund monies.

The SER Program Budget, Realization and Absorption is based on 4 (four) main pillars, namely Social, Environmental,
Economic and Legal and Governance which the achievement of Program budget absorption was 99.83%. The realization
of the TJSL Program based on the Main Pillars and Sustainable Development Goals (TPB) is:

                            Realization of the SER Program Budget Based on 4 (four) Main Pillars and
                                Sustainable Development Goals (SDGs) as of December 31, 2023
                                                                                                                 Realization
 No       Sustainable Development Goals (SDGs)                                                                     (IDR)
                                                                                                                       (2)
 SOCIAL PILLAR
   1      SDG 1 (No Poverty)                                                                                                   830,166,352
   2      SDG 2 (No Hunger)                                                                                                  52,046,969,442
   3      SDG 3 (Good Health and Well-Being)                                                                                 22,197,452,699
   4      SDG 4 (Quality Education)                                                                                          22,680,290,922
   5      SDG 5 (Gender Equality)                                                                                                         -
          Sub Total                                                                                                          97,754,879,415
 ECONOMY PILLAR
   1      SDG 7 (Affordable & Clean Energy)                                                                                    658,939,000
   2      SDG 8 (Decent Work & Economic Growth)                                                                               1,709,777,338
   3      SDG 9 (Industry, Innovation & Infrastructure)                                                                       3,975,595,102
   4      SDG 10 (Reduced Inequalities)                                                                                        203,600,000
   5      SDG 17 (Partnership for the Goals)                                                                                              -
          Sub Total                                                                                                           6,547,911,440
 ENVIRONMENT PILLAR
   1      SDG 6 (Clean Water & Sanitation)                                                                                    1,271,249,370
   2      SDG 11 (Sustainable Cities & Communities)                                                                          16,115,822,479
   3      SDG 12 (Responsible Consumption and Production)                                                                                 -
   4      SDG 13 (Climate Action)                                                                                                         -
   5      SDG 14 (Life Below Water)                                                                                             43,473,009
   6      SDG 15 (Life on Land)                                                                                               5,233,706,584
          Sub Total                                                                                                          22,664,251,442
 LEGAL AND GOVERNANCE PILLAR
   1      SDG 16 (Peace, Justice & Strong Institutions)                                                                      2,806,206,000
          Sub Total                                                                                                           2,806,206,000
 Overall Total                                                                                                           129,773,248,297


SOCIAL AND ENVIRONMENTAL RESPONSIBILITY PROGRAM PERFORMANCE

BNI CONTRIBUTION TO SUSTAINABLE DEVELOPMENT GOALS
Sustainability is part of BNI’s commitment to realizing its vision and mission, and to creating a better future for all
stakeholders. Therefore, BNI consistently applies sustainable finance and increases its support for the achievement of
the Sustainable Development Goals (SDGs), one of which is through the implementation of SER activity programs.




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       BNI strives to support the initiatives to achieve the Sustainable Development Goals as part of the efforts to meet
       global scale sustainable development targets set out in the 17 Sustainable Development Goals (SDGs) goals. BNI, as a
       financing institution, is selective in channelling financing to industries that have mutual understanding on the principles
       of sustainable development in order to create a better future.

       The following shows BNI’s contribution or support for the Sustainable Development Goals (SDGs) that are appropriate
       and relevant to BNI’s activities and business fields.

                             Achievements of BNI’s TJSL Program Support for Sustainable Development Goals (TPB)

                     Sustainable Development Goals
         No                                                                                    BNI’s Achivement
                     (SDGs)

                                                             •   Emergency Response Assistance for Natural Disasters, including Floods,
           1         SDG 1 (No Poverty)
                                                                 Earthquakes and Volcanic Eruptions in North Sulawesi, Papua and NTB.
                                                             •   Food Security Assistance for Communities in need, including in NTT, South
           2         SDG 2 (No Hunger)
                                                                 Sulawesi and West Java.
                                                             •   Health Facilities Assistance including Ambulance Vehicles in North Kalimantan,
           3         SDG 3 (Good Health and Well-Being)
                                                                 West Kalimantan and Riau.
                                                             •   Educational Facilities Assistance including Training, Scholarships and Classrooms
           4         SDG 4 (Quality Education)
                                                                 in Maluku, Central Java and East Java
                                                                                                         -
           5         SDG 5 (Gender Equality)

                                                             •   Assistance in Providing Clean Water Hydraulic Pumps and Construction of Clean
           6         SDG 6 (Clean Water & Sanitation)
                                                                 Water Channels in West Sumatra.
           7         SDG 7 (Affordable & Clean Energy)       •   Assistance in Providing Solar Powered Public Street Lights in South Sulwesi.
                                                             •   Assistance for Agricultural Equipment and Business Facilities in North Sumatra,
           8         SDG 8 (Decent Work & Economic Growth)
                                                                 NTB and South Sulawesi.
                     SDG 9 (Industry, Innovation &
           9                                                                                             -
                     Infrastructure)
           10        SDG 10 (Reduced Inequalities)                                                       -
                                                             •   Assistance for Place of Worship Facilities throughout Indonesia.
                                                             •   BNI participated in providing assistance in the form of mini dump trucks carrying
                     SDG 11 (Sustainable Cities &                waste in Kab. Cirebon
           11
                     Communities)                            •   MSE Culinary Canteen Infrastructure Arrangement Program in the form of
                                                                 construction/revitalization of all selling places in the Grha BNI area, BNI Tower,
                                                                 Bakauheni Harbor City (BHC) area and Pejambon area
                     SDG 12 (Responsible Consumption and
           12                                                                                            -
                     Production)
           13        SDG 13 (Climate Action)                                                             -
           14        SDG 14 (Life Below Water)               •   Mangrove Forest Rehabilitation Assistance in Bali
                                                             •   Assistance for Integrated Waste Management Programs, Tree Nurseries, Tree
           15        SDG 15 (Life on Land)
                                                                 Planting and Hygiene Facilities in West Java, South Sulawesi and North Sumatra.
                     SDG 16 (Peace, Justice & Strong
           16                                                -
                     Institutions)
           17        SDG 17 (Partnerships for The Goals)     •   Halal Certification Program for 422 food MSMEs in DKI Jakarta




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                                                                SDG Priorities
                            2023 Achievements                                          Strategies to Support SDG Achievement
                                                               BNI for Indonesia
 •   Total MSME loans as of the end of 2023 was IDR113.2 trillion.        •    Running MSME Go Productive, Go Digital,
 •   KUR realization amounted to IDR17.82 trillion.                            and Go Global. programs.

 •   25,643 employees or 93.0% of the total employees have received       •    Includied sustainability topics in the
     sustainable finance awareness and/or competency development.              mandatory e-learning that all employees
 •   Determined an ESG Framework & Roadmap, and a Net Zero                     must attend once a year.
     Emission (NZE) target.                                               •    Distributed green bonds in accordance
 •   Carried out the initial phase of Climate Risk Stress Test (CRST)          with sector targets in the Green Bond
     Phase 1 in several sectors, such as coal, palm oil plantations,           Framework
     pulp & paper.                                                        •    Developed governance for SLL
 •   Total GHG emission reduction of 233,748.99 ton CO2 eq from                distribution.
     green bonds.                                                         •    Improved the scope and methodology for
 •   Realized Sustainability Linked Loan (SLL) distribution of IDR4.6          calculating financing emissions.
     trillion.

                                                              BNI for Customers
 •   Did not receive any complaints cases related to data leaks.          •    Instigated data security policies and
 •   2,723 ATM units are disability friendly.                                  improved the BNI applications and
 •   Increased the number of BNI Mobile Banking users by 19.4%.                systems security.
                                                                          •    Expanded the distribution of disability
                                                                               friendly ATMs in several cities/districts that
                                                                               have yet been reached.
                                                                          •    Provided Tips & Education for transaction
                                                                               security.

                                                           BNI for the Environment
 •   Energy intensity of 14.8 GJ/IDR.                                     •    Implemented energy efficiency in all BNI
 •   Emission intensity for scopes 1, 2, & 3 was 0.00000045579 tons            offices.
     CO2eq/IDR.                                                           •    Use solar panels for lighting emergency
                                                                               stairs at Plaza BNI.
                                                                          •    Determined operational NZE targets in
                                                                               2028.
                                                                          •    Strengthened BNI’s operational emissions
                                                                               data infrastructure.

 •   Planted 88,023 trees.                                                •    Expanded the coverage areas for tree
 •   2 orangutan conservation programs.                                        planting.
 •   Conservation program for 79 rhinos in Ujung Kulon National           •    Conserved orangutans and rhinos in the
     Park (TNUK)                                                               critically endangered status.

                                                           BNI for the Community
 •   Realized SER funds of IDR129.8 billion.
 •   8,201 Rumah BUMN fostered partners.                                  •    Collaborated with professional and
                                                                               competent partners to organize the
                                                                               programs community empowerment.
                                                                          •    Collaborated with communities
 •   778 scholarship recipients accumulated by the end of 2023.                (community development) to improve the
 •   Carried out infrastructure development for 99 schools or                  program quality.
     educational institutions as well as providing facilities and         •    Increased the capacity and capability of
     infrastructure in BNI areas.                                              fostered partners through education,
                                                                               training, apprenticeships, marketing and
                                                                               other forms of assistance.


                                                              BNI for Employees

                                                                          •    Provided equal opportunities for men and
                                                                               women to occupy the same positions.
 •   52.2% of the total employees are female.                             •    The performance assessment mechanism
 •   Women occupy 30.8% of the positions above manager.                        pays attention to achieving the key
                                                                               performance indicators (KPI) for all
                                                                               employees.




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       BNI’S SER PROGRAM IMPLEMENTATION

       CREATE SHARE VALUE PROGRAM (CSV)
       One of the implementation of SER programs carried out by BNI is applying the Creating Shared Value (CSV) approach as
       part of BNI’s strategy to increase its competitive value and support its business processes that simultaneously provide
       social and economic benefits for the communities and the environment.

       Creating Shared Value (CSV) is a concept introduced by Porter and Kramer in 2011. Shared values are policies and
       practices that improve a company’s competitiveness and communities condition where the company operates.
       CSV aims to identify, integrate, and expand the link between social and economic issues. According to Porter and
       Kramer’s paper Creating Shared Value as Business Strategy, CSV is a development of Corporate Social Responsibility
       (CSR), which does not only address social concerns in society but also creates economic value. Companies can
       create their economic value by creating social and environmental value. This can be accomplished in three ways:
       by reconceiving products and markets, redefining productivity in value chain, and enabling local cluster industries
       that support the company’s location.

       As of December 31, 2023, BNI implemented SER programs using the Creating Shared Value (CSV) approach, with details
       in the table below.

                                     CSV Program Commitment, Realization and Generated Benefit
                                                    as of December 31, 2023
         Program                                                                      Benefit Value for the Company
                                                                     1. The CSV program aligns with the company’s business strategy by
                                                                        cross-selling banking products.
         KAWAN Program (Local Tourism Area)                          2. Supporting SDGs - Decent Work and Economic Growth, or
                                                                        Economic Pillar
                                                                     3. Strengthening the local economy to attract future BNI clients.



       BNI KAWAN Program                                                to village attractions (products), impacting the appeal
       BNI strives to encourage Indonesian tourism ecosystems           and economic performance of the community in KAWAN
       and sustainable economy development, especially in               BNI location.
       Indonesian tourism destination. Through Local Tourism
       Area (KAWAN) program, BNI KAWAN focuses on three                 FLAGSHIP PROGRAM
       locations: Cunca Wulang Village (Labuan Bajo), Kuta Village      In line with its role as an SOE engaged in the financial
       (Lombok) and Marinsow Village (Likupang).                        sector, BNI’s SER program is aligned with its corporate
                                                                        objectives and implemented in a directed, structured and
       BNI also focuses on building infrastructure facilities and       sustainable manner. As well as improving BNI’s corporate
       developing Human Resources (HR). Human resource                  image and corporate business, BNI’s SER program is
       development is carried out for Village-Owned Enterprises         also aimed at having a positive impact on society and
       (BUMDes), Tourism Awareness Groups (Pokdarwis),                  the environment and is oriented towards Sustainable
       and other tourism-related entities. Human resource               Development Goals.
       development is held regularly to have a direct impact
       on the establishment of governance and management                BNI is committed to continuing its innovations and designing
       of tourism in the village, as the main foundation for            flagship programs that can have positive impact on society
       managing tourism villages. Furthermore, the assistance           and the environment. The following explains the flagship
       provided through BNI KAWAN program is expected to                programs carried out by BNI in 2023.
       increase the attraction of both local and international
       tourists, which will have direct impact on increasing the        BNI Undergraduate Scholarship Program
       number of tourists and forming a tourism ecosystem               To carry out the Social and Environmental Responsibility
       that carries the concept of interaction between nature,          Program for SOEs, BNI initiated a scholarship program.
       culture and local communities with good governance.              The target is to give equal opportunities for all levels
       This effort begins with community development (people)           of society to gain higher education at university level,




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in line with Sustainability Development Goal (SDGs)               BNI plays a role in the Conservation Program for protected
no. 4, Quality Education. This program is also a form of          Endangered Animals as stipulated in Law Number 5 of
appreciation for TAD (Outsourced Personnel) employees             1990 concerning Conservation of Biological Natural
who have worked and served BNI, such as waiters,                  Resources andTheir Ecosystems, as well as the Minister of
drivers, security guards and cleaning services.                   Environment and Forestry Regulation Number P.106 of 2018
                                                                  concerning the Second Amendment to the Amendment to
MSME Certification                                                the Minister of Environment and Forestry Regulation No.
BNI is committed to implementing a long-term                      P.20/MENLHK/SETJEN/KUM.1/6/2018 concerning Protected
program for developing MSMEs through the MSME                     Plant and Animal Types, including the Javan Rhinoceros
halal certification, with a target of 1,000 MSMEs. The            (Rhinoceros sondaicus) and the Kalimantan Orangutan
MSME halal certification covers Pre-Audit or Certification        (Pongo pygmaeus).
Preparation, Product Halal Inspection, and Halal
Certification Application.                                        Javan Rhinoceros Conservation
                                                                  The Javan Rhinoceros, scientifically named Rhinoceros
MSME Structuring Program                                          sondaicus, is a priority species for conservation efforts.
To support the Government’s community economic                    The Javan Rhinoceros is one of only two rhinoceros
empowerment program, especially for MSEs, BNI                     species whose habitat is exclusively found in Indonesia,
participates by implementing Social and Environmental             with current population limited to the southwest
Responsibility programs, especially in the BNI work areas,        peninsula of Java, within the Ujung Kulon National
by structuring MSE Culinary Canteens, and infrastructure          Park (TNUK) area. This single-horned rhinoceros is
in the form of construction/revitalization of all selling         also one of only five rhinoceros species remaining
places in the BNI Grha area, BNI Tower, Bakauheni                 worldwide, and it stands as one of the rarest large
Harbor City (BHC) area, and Pejambon Jl. Merdeka                  mammal species globally. According to the Red List
Timur area, where the aim of this program is to organize          Data Book by IUCN, the Javan Rhinoceros is classified
the location of MSE traders so they become better in              as Critically Endangered due to its narrow population
terms of infrastructure and beauty, in line with urban and        distribution, small population size, and the level of risk
sustainable development.                                          to its habitat and population.

Critical Land Rehabilitation Program                              BNI maintains consistency in preserving Indonesia’s
To support the Indonesian Government’s commitment                 biodiversity, particularly the Javan Rhinoceros, as done
to maintaining climate resilience, BNI through the BNI            in previous years. At the end of 2023, BNI continues its
Sharing Program carries out seeding, planting and                 support for Javan Rhinoceros conservation in collaboration
maintenance activities on land that has been rehabilitated        with the Ministry of Environment, Ujung Kulon National
using an agroforestry strategy by involving the role of the       Park Authority, and Integrated Forest Conservation
community to produce non-timber and wood products,                Alliance (ALeRT). This support includes the establishment
which will have an impact on improving environmental              of a Buffalo Livestock Management Field School (SLPTK)
quality and the economy of the surrounding community.             and continuation of Individual Javan Rhinoceros Genetic
Environmental impacts include improving land and air              Mapping. Both activities are crucial for the sustainability of
quality, as well as mitigating the prevention of disasters,       the Javan Rhinoceros in Ujung Kulon National Park (TNUK).
both landslides and floods, as well as supporting BNI’s Net       The purpose of creating the SLPTK is to ensure that buffalo
Zero Emission Program from an operational perspective.            do not enter the Javan Rhino area considering that rhinos
The economic impact is gained from the harvest of                 are a species that spend more time alone, and to ensure
vegetables and seasonal crops as well as in the long term         that the buffalo around theTNUK are healthy and eliminate
wood products. BNI is gradually distributing productive           the possibility of disease transmission to the Javan Rhino.
tree plants which are expected to have a positive impact          Meanwhile, genetic mapping is aimed at knowing the
on the economic, social and environmental aspects. This           genetics of each individual which is used to determine
program is a form of BNI’s effort to increase customer            the level of genetic health of the Javan Rhinoceros.
awareness of climate change.
                                                                  BNI’s Support for Javan Rhinoceros (Rhinoceros
Endangered Wildlife Conservation Program                          Sondaicus) conservation contributes to the achievement
Banking activities may not directly impact environmental          of Sustainable Development Goals (SDGs), particularly
conservation or biodiversity. However, BNI remains                Goal 15, which focuses on preserving life on land. This
committed to supporting the conservation of rare fauna            effort aligns with BNI’s fifth mission, which is to enhance
in Indonesia. Preserving biodiversity plays a significant         awareness and responsibility towards environment
role in supporting environmental ecosystems and reducing          and community. In 2023, there were 81 Javan Rhinos
emissions produced.                                               in Ujung Kulon National Park.




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       Conservation of Kalimantan Orangutans                                Food Security Program
       The richness of the tropical rainforest ecosystem on                 During the impact of El Nino in Indonesia, BNI is
       Kalimantan Island is very high compared to other                     increasingly committed to solving the problems of food
       ecosystems in the world, as it has extensive tropical                security and hunger that occur in society. El Nino is a climate
       rainforests with very diverse biodiversity. The Kalimantan           phenomenon characterized by periodic warming of sea
       orangutan (Pongo pygmaeus) is one of the most valuable               surface temperatures in the central and eastern tropical
       biodiversity treasures and needs to be protected,                    Pacific Ocean, which has an impact on Indonesia, leading
       considering that in 2016 the IUCN (International Union               to drought, lack of clean water, crop failure, forest and
       for Conservation of Nature and Natural Resources)                    land fires, etc.
       determined that the Kalimantan orangutan had CE (Critically
       Endangered) status on the Red List Data Book, where the              To implement food security, BNI distributes food
       status of the Bornean Orangutan (Pongo Pymgaeus) is one              packages through two special programs, namely the
       step closer to extinction.                                           food security program in the context of Religious
                                                                            Holidays (Jump Higher Carving Goodness Program,
       BNI has strengthened its commitment to preserve the                  Jump Higher Gapai Tri Hita Kirana Saka New Year 1945
       Kalimantan orangutan in Indonesia since 2016 and in                  Program, and Christmas Joy To The World Program)
       2023 together with the Ministry of Environment and                   and food security programs in the context of handling
       Forestry (KLHK), where BNI and the Borneo Orangutan                  the impact of El Nino in Indonesia. This program
       Survival Foundation (BOSF) work together to preserve the             involves regularly distributing food packages to the
       Kalimantan Orangutan (Pongo Pymgaeus) at the Orangutan               communities in all BNI work areas every year through
       Rehabilitation Center Samboja Lestari in Kutai Kartanegera           a series of religious holiday celebrations.
       Regency, East Kalimantan.
                                                                            In 2023, BNI distributed 476,287 food packages,
       BNI’s support for the Kalimantan orangutan rehabilitation            with the number of food packages distributed being
       program goes beyond an adoption program for financing                114,850 food packages divided into the distribution of
       the needs of two individual Kalimantan orangutans during             religious holiday programs, and 361,437 packages for
       their stay at rehabilitation centre, but also supports the           dealing with the impact of El Nino and other initiation
       rehabilitation of a critical land area spanning 4 (four) hectares.   assistance.
       This rehabilitation area is planted with endemic Kalimantan
       plants, comprising fruit plants (40%) and timber plants (60%)        Food packages are delivered through agencies or
       totaling 1,600 trees. BNI hopes this area will serve as a food       institutions that coordinate with the local government
       source for orangutans, function as a Forest School location          in collecting data on poor and deserving communities
       within the BOS Foundation’s rehabilitation program, or serve         to receive food package assistance. The impact of the
       as a sanctuary for orangutans that cannot be released back           food security program includes sharing happiness,
       into their natural habitat in the wild.This land rehabilitation      helping to ease the burden on the communities,
       program has the potential to absorb biomass of up to 117             especially underprivileged communities affected by El
       tons/hectare and carbon uptake can reach 58 tons of carbon/          Nino in Indonesia, and improving community welfare.
       hectare. BNI, through its BNI GoGreen Program, supports the
       Indonesian Government’s efforts to ensure that Kalimantan            All food package distribution activities carried out
       orangutans remain sustainable and protected in the wild.The          by BNI pay attention to the principle of caution in
       critical land rehabilitation and maintenance program over            distribution so as not to duplicate assistance for basic
       five years is expected to support BNI’s Net Zero Emission            food assistance provided by the Government.
       plan and achieve the Sustainable Development Goals (SDGs),
       especially Goal No. 15 to protect land ecosystems.This is in
       line with BNI’s 5th mission, namely increasing awareness
       and responsibility for the environment and society.




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                                             Cataract Surgery Health Program




PT Bank Negara Indonesia (Persero) Tbk (BNI) assists              SCTV Indosiar by holding the BNI Sharing Program for
in providing cataract surgery for residents in Eastern            cataract surgery at four locations in Eastern Indonesia
Indonesia. This social service activity is expected to            with a target of 450 eyes.
help the communities in preventing blindness. The first
operations began in Sumbawa Regency, West Nusa                    The BNI Sharing Program presents Cataract Operation
Tenggara, the second took place at Bhayangkara Hospital,          activities as a concrete manifestation of the Company’s
Jayapura City. And, the third took place on Buru Island,          commitment to improving the quality of public health
Maluku.                                                           and efforts to reduce the rate of blindness due to
                                                                  cataracts in Indonesia. BNI consistently strives to
Cataract Surgery Program                                          contribute to reducing the amount of blindness due to
Cataracts are the one of the main preventable causes              cataracts in Indonesia so that it can decrease over time.
of blindness worldwide. The estimated incidence of
cataracts is 0.1% per year among 1,000 people who                 Waste Management Program
are new cataract sufferers. Based on data from 2014               Waste management, especially household waste and
to 2016 collected by Perdami (Indonesian Association              industrial waste, is still a problem that needs attention.
of Ophthalmologists), and the Health Research and                 Based on this phenomenon, BNI participates by providing
Development Agency of the Ministry of Health through              assistance in the form of mini dump trucks carrying waste
the Rapid Assessment of Avoidable Blindness (RAAB)                in Kab. Cirebon – West Java.
document, it shows that the blindness rate in Indonesia
reached 3% with up to 81% caused by cataracts. In                 The distance between Final Disposal Sites (TPA) and
addition, in an effort to reduce the prevalence of                the absence of an adequate number of waste transport
visual impairment nationally, one of the Government’s             vehicles makes it increasingly difficult for people to
program efforts as stated in the document “Visual                 manage waste, so people still throw rubbish at Temporary
Impairment Control Program in Indonesia 2017 -                    Waste Disposal Sites (TPS) and this results in a lot of
2030 Roadmap” is to reduce the prevalence of visual               rubbish strewn all over the roads which creates problems,
impairment due to cataracts, while continuing to make             and has a negative impact on public health and the
efforts to overcome visual impairment by other causes.            surrounding environment.

To pay close attention to the data on cataract sufferers          BNI’s assistance has had an impact on +6,000 people
above, it is the responsibility of many parties to jointly        in the Cirebon district – West Java by participating in
prevent blindness due to cataracts together with the              increasing the role of the communities in the Clean and
Government. BNI is aware that cataracts are an eye                Healthy Living Behavior Program (PHBS).
disorder that can affect people’s performance. Even
though surgery can be done, not everyone has access               Provision of Clean Water and Sanitation Facilities
to good health facilities. Therefore, BNI collaborated            Clean water and sanitation are basic human needs. Due
with the Pundi Amal Peduli Kasih Foundation (YPP)                 to climate change, in 2023, several regions in Indonesia


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       faced a clean water crisis due to extreme drought. BNI        Places of Worship
       committed itself to supporting the provision of clean         To create a nation with character and to implement
       water and sanitation.                                         sustainable environmental development, BNI helps
                                                                     build and/or renovate infrastructure for religious
       In 2023, BNI helped provide water tank trucks with a          facilities across various religions throughout BNI’s
       maximum capacity of 4,000 liters in the Sikka District,       working areas. BNI provides assistance for places of
       East Nusa Tenggara. Water tank trucks were a major            worship facilities in the form of infrastructure and
       necessity for the communities due to water shortages.         supporting facilities, or the infrastructure for places
       To date, the community had relied on water from the           of worship facilities.
       Wair Puan spring, but as the water level was decreasing,
       coupled with the effects of a long drought, the spring was    In 2023, BNI has assisted 120 places of worship from
       unable to meet the communities’ water needs.                  different religions, spread throughout BNI’s working areas,
                                                                     including West Sumatra, Bengkulu, Java Island, Bali,
       With the help of water tank vehicles provided by BNI,         Maluku, and others. The real impact of this program is to
       it is hoped that they will provide benefits and fulfill the   create sustainable cities and communities, improve and
       communities’ water needs and be able to overcome the          repair religious facilities, and increase BNI’s awareness
       shortage or lack of supply of water received from the         and responsibility for its surrounding communities. The
       Wair Puan spring.                                             assistance provided for religious facilities contributes to
                                                                     providing comfort and security for the congregations in
       BNI also provided assistance in the form of clean             carrying out their worship activities.
       water and sanitation across West Sumatra, Bengkulu,
       D.I. Yogyakarta, West Java, Central Java, Bali, South         Education Facilities
       Sulawesi and North Kalimantan through assistance for          In 2023, BNI participated in efforts to create high-quality
       repairing water channels, building water storage tanks        education through assistance to 99 schools or educational
       and installations. pipes, etc.                                institutions in the BNI Working Areas, including building
                                                                     school buildings, building/renovating classrooms,
       Ambulance Health Facilities                                   training, providing Information and Communication
       In 2023, BNI distributes assistance in the form of 1 water    Technology (ICT) infrastructure, providing learning
       ambulance in Bulungan District, North Kalimantan. The         support infrastructure, and providing educational
       condition of health services in Bulungan District, North      teaching aids, etc.
       Kalimantan is inadequate due to the geographical
       conditions in the area such as small islands and rivers       The BNI assistance is spread throughout Indonesia,
       so that the mobilization of patients in emergency             including West Java, Central Java, East Java, Bali, Riau,
       situations is hampered in reaching more representative        North Sumatra and Maluku. It is hoped that the assistance
       health facilities.                                            provided can increase comfort for students and teaching
                                                                     staff in carrying out teaching and learning activities to
       The water ambulance assistance provided is intended           create superior students in the future.
       primarily for the Tanjung Buka Transmigration
       Settlement Central area SP 1 – 10 and Peso Subdistrict,       SME Certification
       Bulungan District, North Kaimantan as this area is            BNI continues to demonstrate its commitment to
       difficult to reach by land, so it requires the assistance     supporting the development of Micro, Small and Medium
       of a water ambulance.                                         Enterprises (MSMEs) in Indonesia. One of BNI’s real
                                                                     efforts to improve the quality of MSMEs is through the
       This assistance is intended primarily for underprivileged     BNI Sharing program by providing assistance with halal
       communities, the majority of which are middle to lower        certification training and onboarding training as well as
       class people whose livelihoods are in agriculture,            marketplace optimization.
       fishermen and transmigrants, and is free for receiving
       first aid in the water ambulance before getting more          This assistance program was provided to 422 food MSMEs,
       complete help at the nearest hospital.                        including customers, debtors and potential debtors. This
                                                                     halal certification assistance training and onboarding
       BNI also distributed 66 ambulance units across                training was held in December 2023, at DPP Hidayatullah,
       throughout Indonesia. BNI’s ambulance assistance              Jatinegara, East Jakarta.
       is in collaboration with agencies that have permits to
       operate in the social and health sectors so that they can     Halal certification not only provides a guarantee of product
       operate on target. Ambulance vehicles supported by            halalness, but also increases consumer confidence. With
       BNI are used free of charge, especially for poor people.      halal certification, MSMEs can reach a wider market and




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even go global, especially among consumers who pay                       b. Development program expenses in the form of grants
attention to the halal aspects of their products.                           with a maximum amount of 20% of the Partnership
                                                                            Program funds disbursed in the current year;
Online on boarding training assistance and marketplace                   c. Development Program expenses can only be given
optimization is also aimed at expanding the marketing                       to or for the benefit of fostered partners.
reach of MSMEs, so that sustainable economic growth
can be achieved.                                                     In accordance with the assignment from the Ministry of
                                                                     SOEs in Letter No. S-721/MBU/11/2022 dated November
In the later training, participants will receive several             10, 2022, regarding PUMK Program Collaboration
materials including training on halal certification (function,       by appointing BRI as manager of PUMK Program
objectives, procedures for obtaining halal certification),           Collaboration and the signing of Cooperation Agreement
assistance in preparing documents as certification                   (PKS) between BNI and BRI regarding the implementation
requirements and assistance in inputting data through                of PUMK Program Collaboration for 5 (five) years from
the application. In addition, there is also material on              2022 to 2027. In accordance with the Minister of SOEs
assistance with certification audits, providing certificates         directive, distribution is focused on BRI as the manager
and onboarding training (online) as well as marketplace              of the PUMK Cooperation Program.
optimization.
                                                                     Micro and Small Business Development Program
MICRO AND SMALL ENTERPRISES FUNDING AND                              BNI’s fostered partners are micro and small businesses
DEVELOPMENT PROGRAM                                                  actors who are technically not familiar with banking due
                                                                     to their limited access to receiving loans from banks.These
Micro and Small Business Funding Program                             micro and small businesses operate in various formal and
The PUMK program is an SER activity that is more                     non-formal economic sectors, but have a strategic role in
directed at improving the life quality of surrounding                real sector economy and micro and small business segment
communities by fostering micro and small businesses                  has been proven to be relatively more resilient to economic
formed with community. The PUMK program aims to                      crises. BNI’s fostered partners are expected to increase
provide easy access to capital for micro and small                   their business activities, business capital, entrepreneurial
businesses as well as provide guidance to improve                    spirit, access to banking, business administration, product
the capabilities of MSEs to make them more resilient                 quality and marketing outreach.
and independent.
                                                                     BNI consistently provides guidance to its fostered micro
The PUMK program refers to the Ministry of SOEs                      and small business partners, so they can improve the
Regulation No. PER-05/MBU/04/2021 dated April                        management of their business towards better governance
20, 2021 concerning the Social and Environmental                     and generate increased benefits. This is intended to
Responsibility Program for State-Owned Enterprises,                  empower BNI’s fostered partners who are micro and
and the Ministry of SOEs Amendment Regulation                        small business actors, to become the driver of economic
No. PER-6/MBU/09/2022 dated September 15, 2022.                      movement in their area.
The PUMK program at BNI has been carried out by
the Small Business and Program Division since 2017.                  Based on the Ministry of SOEs Regulation No. PER-05/
BNI channels the PUMK Program in the form of soft                    MBU/04/2021 dated April 20, 2021 concerning Social and
loans to fostered partners by currently only charging                Environmental Responsibility Program for SOEs, and
administrative services at 3% per year from the loan                 its amendment, Ministry of SOEs Regulation No. PER-6/
limit, and this is channelled in the form of:                        MBU/09/2022 dated September 15, 2022, Fostered Partner
1. Loans to finance working capital and or purchase                  development funds form part of the SER fund distribution
   of fixed assets in order to increase production and               program. Development expenses are directed at increasing
   sales;                                                            the capacity of fostered partners.
2. Special loans to finance the business activities of
   fostered partners in the form of additional and short-            Information on the Financial Statements of Micro
   term loans to fulfil orders from their customers;                 and Small Business Funding Program (PUMK)
3. Development Expenses:                                             Referring to Article 33 Paragraph 2 of the Republic of
   a. Expenses for education, training, apprenticeships,             Indonesia Minister of SOEs Regulation No. Per-1/MBU/03/2023
        marketing, promotion, and other activities related           concerning Special Assignments and Social and Environmental
        to increase the productivity of fostered partners            Responsibility Programs, the annual financial statements
        and for conducting the assessments/research                  of MSME Funding Program must be audited by a public
        related to the Small Business and Micro Business             accounting firm. BNI arranged an audit of the PUMK Program
        Funding Program (PUMK);                                      Financial Report for the fiscal year ending December 31, 2023,
                                                                     which was carried out by Public Accounting FirmTanudiredja,
                                                                     Wibisana, Rintis & Partners (Pricewaterhouse Coopers).



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       AWARDS FOR THE 2023 SOCIAL AND ENVIRONMENTAL RESPONSIBILITY PROGRAM

       The following awards were received by BNI in 2023 for its Social and Environmental Responsibility program

                                        Awards for the 2023 Social and Environmental Responsibility Program
                          Award Event                                                      Category                                            Awarded by
                                                               The Financial Sector Category through the
         B Universe CSR Award 2023                             Corporate Social Responsibility (CSR) initiative of              B Universe
                                                               the National Children’s Tourism Area (Kawan BNI).
                                                                                                                                National Center for Sustainability
         Asia Sustainability Reporting Awards 2022             Gold Rank
                                                                                                                                Reporting (NCSR)
         National Center for Sustainability Reporting          Tourism Development Category through the
                                                                                                                                Republika
         (NCSR)                                                KAWAN BNI Program



                                                                    BNI 2023 SER Program Gallery




                 Donation of 1,000 tree seedlings for orangutan conservation. It is                By distributing tree seedlings, it is hoped that the community
                 hoped that by conserving tree seedlings, orangutans can easily                    can participate in preserving nature.
                 find food sources for their livelihood.




                 Teacher certification is expected to increase the competence in                   BNI is strongly committed to supporting the Government
                 improving the quality of education.                                               programs for assisting and improving the quality of MSMEs so
                                                                                                   that they advance in class, while being able to become pioneers
                                                                                                   in implementing sustainable economic principles




       In synergy with other stakeholders, BNI is committed to preserving the Kalimantan       BNI continues its support for Javan Rhino conservation together with the Ministry
       orangutan (Pongo pymgaeus) at the Nyaru Menteng Orangutan Rehabilitation                of Environment and the Ujung Kulon National Park Center as well as the Integrated
       Center, Central Kalimantan                                                              Forest Sustainable Alliance (ALeRT) by creating a Buffalo Management Field
                                                                                               School (SLPTK) and continuing Genetic Mapping of the Javan Rhino Individuals.




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                                                                                             Special
                                                                                         Assignment
In accordance with the Republic of Indonesia Minister of SOEs directive in Regulation No. PER-1/MBU/03/2023 dated March
3, 2023, concerning Special Assignments and Social and Environmental Responsibility Program for SOEs, it is stipulated
that an SOE may receive Special Assignments from the Central Government to carry out functions for public benefit as
well as national research and innovation. Special Assignments are specific tasks assigned by the Central Government
to SOEs to perform functions for public benefit and national research and innovation. The special assignments for BNI
are as follows:

BANKING SERVICES (FINANCING, TRANSACTIONS, AND AGENCY) IN COFFEE
PLANTATION ECOSYSTEM IN COFFEE NUSANTARA PMO ECOSYSTEM




Indonesia is one of the largest coffee producing                  3. Grading to connect with international markets to
countries in the world, ranking fourth after Brazil,                 realize go global MSMEs, by assessing coffee
Vietnam and Colombia. Indonesia’s potential to become                specifications including aroma, flavour, aftertaste,
the largest coffee producing country is very open, but               acidity and other characteristics with the following
there are several challenges, including low productivity,            results:
low processing quality, no value added and low use of                a. Garut District: Final Score 84.25 (Excellent)
appropriate land.                                                    b. Rejang Lebong District: Final Score 81.5 (Excellent)
                                                                     c. Temanggung District: Final Score 84.13 (Excellent)
BNI Jejak Kopi Khatulistiwa (JKK) can answer this                    d. Jember District: Final Score 78.5 (Very Good)
challenge through the development of social forestry in
the form of community economic empowerment through                The BNI Jejak Kopi Khatulistiwa Coffee Trail operates in
the formation of a green economic financing ecosystem             5 locations, Garut District (West Java Province), Rejang
for coffee farmers and coffee farming stakeholders                Lebong District (Bengkulu Province), Temanggung
by forming a close loop financial ecosystem. To form              (Central Java Province), Jember District (East Java
a close loop financial ecosystem for coffee farming               Province) and Humbang Hasundutan District (North
stakeholders, BNI JKK includes 3 processes:                       Sumatra Province).
1. Digitalization of on farm, off farm and online market
    processes to create go digital MSMEs;                         BNI has joined the PMO Kopi Nusantara together with
2. On-farm and off-farm development so that                       SOEs and related stakeholders in the Indonesian coffee
    environmentally friendly processes occur to realize           commodity, as contained to letter DPS/X/1566/2023
    go ESG;                                                       dated May 23, 2023. This program is a development of
                                                                  the Social Forestry Program initiated by BNI since 2017.




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       This Jejak Kopi Khatulistiwa is considered to be in line with environmental aspects, appropriate use of forest land,
       financial inclusion, and with coffee products and their unique taste they can unlock the potential of Go Global
       MSMEs. Through the synergy of this program, increased coffee productivity will be realized that will have an
       impact on the welfare of stakeholders in the Indonesian coffee ecosystem.

       By the end of 2023, the total People’s Business Credit (KUR) distributed under the Jejak Kopi Khatulistiwa program
       amounted to IDR6.81 billion for 197 farmers. The KUR distributed for Jejak Kopi Khatulistiwa forms part of BNI’s Social
       Forestry KUR. As of December 31, 2023, the total distributed was IDR181 billion to 9,993 social forest farmers.

       PROVISION OF FINANCING TO MSMES THROUGH THE PROVISION
       OF FUNDS WITH LOW INTEREST RATES
       In order to provide support for MSMEs development, the Indonesian government collaborates with BNI to channel
       People’s Business Credit (KUR). For the fiscal year 2023, BNI has been allocated a target disbursement of KUR amounting
       to IDR36.5 trillion according to the Letter from Indonesian Coordinating Ministry for Economic Affairs No. B/KUR/326/
       D.I.M.EKON/12/2022 dated December 28, 2023.

       To optimize KUR National ceiling absorption and considering the achievement performance of BNI’s KUR disbursement,
       it has been decided to set the target for BNI’s KUR disbursement at IDR18 trillion, in accordance with the Letter from the
       Coordinating Ministry for Economic Affairs of the Republic of Indonesia No. B/PK.KUR/153/D.I.M.EKON/09/2023 dated
       September 25, 2023.

       KUR disbursement aims to assist small entrepreneurs with access to capital and business development. By the end of
       2023, BNI has provided KUR financing amounting to IDR17.82 trillion, achieving 98.99% of the Indonesian Government’s
       contribution target.

                                      Disbursement of KUR Based on Types of KUR as of December 31, 2023
                                                                       Maximum Credit                Target
         Type of KUR                          Number of Debtors                                                           Achievement
                                                                        (IDR Billion)             (IDR Billion)
         Supermicro                                           703                    5.46                         10.00                  54.6%
         Micro                                              51,234               2,193.34                    2,300.00                    95.4%
         Small                                              58,741              15,595.28                   15,650.00                    99.7%
         PMI                                                  983                   24.73                         40.00                  61.8%
         Total                                             111,661              17,818.81                   18,000.00                   99.0%


                                  Disbursement of KUR Based on Economic Sectors as of December 31, 2023
         Economic Sector                                                     Number of Debtors                Maximum Credit (IDR Billion)
         Processing Industry                                                                        3,787                               869.90
         Business Services                                                                          1,068                               280.84
         Social and Community Services                                                              6,693                             1,263.80
         Construction                                                                                 723                               213.87
         Transportation, Warehousing, & Communication                                                 625                               167.75
         Trade, Restaurants, & Hotels                                                              49,985                            11,077.18
         Agriculture, Hunting, & Agricultural Facilities                                           48,780                             3,945.46
         Total                                                                                    111,661                           17,818.80




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BANKING SUPPORT IN NIB REGISTRATION FOR MSME
AND BANKING SERVICE SUPPORT FOR MSME




The government encourages business permit registration through online single submission (OSS) in order to help MSME
proceed to the next level of business efficiency. To support this, BNI collaborates with the Investment Coordinating Board
(BKPM) to conduct socialization and guidance through webinars to expedite business permit registration. With more
MSME having a Business Identification Number (NIB), BNI hopes that micro businesses can develop more quickly and
move up to export class (go global). By the end of 2023, efforts to accelerate the issuance of NIBs for BNI small segment
debtors was carried out for 11,387 debtors, or 3% of the total 380,078 small segment debtors, so that the YoY growth of
MSMEs that already have NIBs has reached 465%.

TEAM FOR INCREASING THE USE OF DOMESTIC PRODUCTS

Indonesian President Joko Widodo (Jokowi) has issued Presidential Instruction No. 2 dated 2022 regarding Acceleration
of Increasing the Use of Domestic Products and Micro, Small, and Cooperative Business Products to support the success
of the National Movement Proud of Indonesian Products (Gernas BBI) in the Implementation of Government Procurement
of Goods/Services.

To implement this Presidential Instruction, the Team for Increasing Domestic Products Usage (Team P3DN) was formed,
aiming to optimize domestic products usage. BNI plays a role in assisting and mentoring MSMEs, including coordination,
supervision, monitoring, and evaluation of implementation the use of domestic products and/or MSME products,
including procurement through the MSME Digital Market (PaDi UMKM). Additionally, for MSME empowerment, BNI
provides various facilities such as:
1. Financing for MSMEs as working capital in producing domestic products;
2. Assisting & Mentoring MSMEs on the financing facilities obtained;
3. Education & Coaching as BNI Partners through PaDi UMKM;
4. CSR, which is the implementation of CSR for business capacity improvement;
5. Others, referring to other actions related to MSME empowerment

To support the #BelaPemadaan and #ProudofMakingIndonesia programs, BNI actively participates in the Ministry of SOEs
platform, called “PaDi UMKM”. By the end of 2023, 867 BNI-assisted MSMEs have been on-boarded onto the PaDi MSME
platform as sellers, with 140 MSMEs of them being BNI debtors. Realization of BNI purchasing-procurement transactions
on the PaDi UMKM platform amounted to IDR39.81 billion with a total transaction volume of 9,011.




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       SOCIAL ASSISTANCE DISTRIBUTION

                                          Commencement
                                                                                                                            Realization as of
         Legal Basis                          Year of    Government Assignment               Compensation
                                                                                                                           December 31, 2023
                                            Assignment
         • Presidential Regulation                       Family Hope Program (PKH)
                                                                                                                       Number of Recipients: 3.1 million
           No. 63 of 2017                         2016   of Ministry of Social Affairs
                                                                                                                       Nominal             : IDR8.59 T
         • Minister of Finance                           Republic of Indonesia
           Regulation No. 228/
           PMK.05/2016                                                                   Disbursement of
         • Cooperation Agreement                                                         allocated assistance
           No. INB1/006/PKS/2023                         Distribution of Rice            funds from the State
                                                         Assistance for the Poor         Budget (APBN) to the
           (Family Hope Program/                                                                                       Number of Recipients: 6 million
                                                  2017   Program (Sembako/BPNT)          recipients’ accounts.
           PKH)                                                                                                        Nominal             : IDR14.17 T
                                                         of Ministry of Social Affairs
         • Cooperation Agreement                         Republic of Indonesia
           No. INB1/007/PKS/2023
           (Social Basic Food
           Program)
         • Law No. 7 of 1992                             Distribution of Social
         • Minister of Finance                           Assistance Smart Indonesia
                                                  2015                                                                 Jumlah Penerima : 2.7 million
           Regulation No. 254/                           Program (PIP) of Ministry
                                                                                                                       Nominal         : IDR2.25 T
                                                         of Education and Culture
           PMK.05/2015
                                                         Republic of Indonesia
         • Minister of Finance
           Regulation No. 228/
           PMK.05/2016
         • Presidential Regulation No.
           63 of 2017
         • Financial Services Authority
           Circular Letter No. S-15/
           PP.1/2017 dated June 7, 2017                                                  Disbursement of
         • Minister of Education                                                         allocated assistance
           Regulation No. 10 of 2020                                                     funds from the State
         • Ministry of Education and                     Penyaluran Bantuan Sosial       Budget (APBN) to the
           Culture Regulation No. 14                     Kartu Indonesia Pintar-         recipients’ accounts.         Jumlah Penerima : 2.8 million
                                                  2019
           of 2022                                       Kuliah (KIP-K) Kemendikbud                                    Nominal         : IDR2.51 T
                                                         Ristek RI
         • Cooperation Agreement
           No. HLB-2/017/PKS/2022
           dated August 8, 2022
         • Addendum II to the
           Cooperation Agreement
           between the Ministry of
           Education and Culture and
           BNI No. 0449/J5/01.02/2023
           Number BNI: No.INB2/011/
           PKS/2023 Law No. 4 of 2023



       FLPP HOME OWNERSHIP LOAN (SUBSIDIZED MORTGAGE)
       BNI and the State Ministry of Public Housing have signed a Joint Agreement (MOU) No.02/SKB/DP/2010-DIR/071 and
       Operational Work Agreement (PKO) No.27/SM.6/HK.02.04/10/2010 DIR/ 072 dated 25 October 2010 concerning Distribution
       of Funds for Housing Financing Liquidity Facilities (FLPP). Through this cooperation agreement, BNI carries out the task
       of providing housing credit facilities for Low Income Communities (MBR) supported by Housing Financing Liquidity
       Facility (FLPP) funds from the Government, namely KPR BNI Griya FLPP.

       BNI Griya FLPP Home commitment to supporting government programs in the field of providing housing needs for low-
       income people (MBR). Until the end of 2023, BNI has realized the distribution of the BNI Griya FLPP KPR budget of IDR
       2,177,441,108,000.The strategies implemented to support the expansion of Griya FLPP Home until the end of 2023 include:
       1. BNI providing appreciation/rewards to subsidized developers;
       2. To encourage the absorption of BNI Griya FLPP, BNI collaborates with the Developer Association, subsidized developers,
           and conducts socialization in various regions involving external and internal stakeholders.




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                                                                         Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1091
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Page 506
       BNI 2023 Environment, Social, and Governance
1094
       (ESG) Performance Highlights
       BNI 2023 ESG Development Expectation Setting
1095
       Meeting (ESM)

1097 ESG Implementation Commitment


1099 BNI ESG Risk Management

       Persons Responsible for ESG Implementation
1102
       at BNI
       BNI's ESG Implementation Supervision and
1103
       Evaluation
       Implementation of Sustainable Finance In
1104
       Subsidiary Companies

1105 ESG Index: BNI Sustainability Practice Summary
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       BNI 2023 Environment, Social,
       and Governance (ESG)
       Performance Highlights
                                                                  RATING ESG

                               MSCI                                Sustainalytics                                 Sri Kehati




                                (A)                            (21.4 (Medium Risk))                    (Period: December 1, 2023 –
                                                                                                              May 31, 2024)

                       ESG Sectors Leaders
                           IDX Kehati




                             Period:
                 December 1, 2023 - May 31, 2024

                                                                     AWARDS
                                 The 14th IICD Corporate                                ESG Disclosure Transparency
                                 Governance Award 2023                                          Award 2023




                               The Best Overall in Category                             Management Predicate BB
                              Big Cap Public Listed Company

                                      CNBC Indonesian                                 Asia Sustainability Report Rating
                                        Awards 2023                                            (ASRRAT) 2023




                              Best Bank with ESG-Driven GCG                                        Gold Rank
                                      Commitment



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                       BNI 2023 ESG Development
                Expectation Setting Meeting (ESM)

ENVIRONMENTAL ASPECT
a. Financing:
   1. BNI's green financing (KUBL) distribution reached Rp67.89 trillion or 9.87% of total loans (bank only), a growth
      of 13.6% (YoY)
   2. Sustainability Linked Loans (SLL) distribution reached Rp4.6 trillion
   3. BNI distributed funds from green bonds for green projects that meet the requirements for funding and have
      obtained opinions from Environmental Experts as a second party (second party opinion/SPO) provided by
      Sustainalytics regarding the positive contribution of the project to the environment.


                                                               Allocation Portion

                                                  1,40%
                                                              11,34%
                              15,26%



                                                                                             Renewable Energy
                                                                                             Green Transportation
                     10,33%                                                                  Green Building
                                                                                             Waste to Energy & Waste Management
                                                                                             Others.




                                                                        61,77%



         The remaining 22.94% of the green bond distribution was allocated to other KUBLs in accordance with POJK
         60/2017. The positive impact on the environment from the use of green bond funds by debtors is shown below:




                                                   Total GHG emission
                                                         reduction
                                                   233,748.99 tCO2eq                                  Clean energy
                                                                                                        produced
                                                                                                    54,355.2 MWh



                                                                         Savings in energy
                                                                           consumption
                                                                          1,568,897 GJ




                               Waste management                                                                 Preservation of
                               150,410 ton/tahun                                                                  land areas
                                                                                                                 314,387 ha




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             Further information regarding projects funded by the BNI Green Bond and the reported impacts is presented in the
             2023 BNI Green Bond Report which is available on the BNI website on the Environment, Social and Governance
             page: https://www.bni.co. id/en-us/company/bni-esg.
          4. Establishing Operational NZE Roadmap for 2028 & Financing NZE for 2060
          5. Implementing the initial phase of Climate Risk Stress Test (CRST) Phase I
          6. Strengthening Risk Acceptance Criteria (RAC) for 18 Sectors with ESG Aspects
          7. Special Renewable Energy Sector Financing Unit that supports:
             i. Supporting energy transition financing by replacing PLTU projects to PLTG/GU.
             ii. Supporting financing for PLTGas, to reduce fuel use by increasing the use of gas as a cleaner energy source.
             iii. Supporting the development of NRE production and optimizing BBN (Biodiesel or biohydrocarbon) production,
                  including PLTSa as a by-product of waste management
             iv. Supporting financing for PLTS, PLTA, PLTGeothermal and other NRE as energy transition source programs.
       b. Operational:
          1. Developing Emission Data Management Infrastructure
          2. Calculating carbon emissions including Scope 1, Scope 2, and Scope 3 (Operations and Financing Emissions)
          3. Two BNI Head Office Buildings have received Green Building certification, namely Menara Pejompongan BNI with
             Gold Certification and BNI Plaza with Platinum Certification
          4. Installation of solar panels with a capacity of 2,200 watts for lighting at the emergency stairs of Plaza BNI, BSD.
          5. Reducing light usage through electrical efficiency at Grha BNI, Plaza BNI, Gedoeng BNI, and Menara BNI
          6. BNI becoming the first bank in Indonesia to use the Public Electric Vehicle Charging Station (SPKLU) Partnership
             Investor Own Investor Operate (IO2) cooperation scheme from PLN.

       SOCIAL ASPECT
       a. Human Capital (HC):
          1. Employee Engagement reached 96%
          2. Employee Satisfaction level reached 92%
          3. Preparation and approval of the Respectful Workplace Policy.
       b. Access to Finance:
          1. BNI had 185,697 BNI Agen46
          2. Let's Save with Waste Program
          3. MSME empowerment programs through the BNI MSME Environmentally Friendly (BUMI), the Khatulistiwa Coffee
              Trail (JKK), Millennial Smartfarming, Fisheries Cultivation Villages programs, etc.
       c. Privacy & Data Security
          1. BNI has a CISO Division whose duties include maintaining information and improving cyber security
          2. Implementing Data Loss Prevention (DLP) mechanisms
          3. Implementing Threat Hunting
          4. Adopting international security frameworks and standards such as ISO 27001 and the National Institute of
              Standards and Technology (NIST)
          5. BNI has a Digital Risk Framework adopted from the best practice framework
          6. In connection with RI Law No. 27 of 2022 concerning Personal Data Protection (PDP), BNI has instigated the related
              procedures, assessment and mitigation/prevention, management of infrastructure, applications and IT systems
              as well as security implementation.
          7. Implemented a masking process for sensitive data
          8. Implemented an Incident Handling Maturity Level Measurement (IHMLM), a tool for mapping the level of
              organizational readiness for handling and recovering cyber security incidents, including detecting and responding
              if there is an incident of personal data leakage due to system security gaps
          9. Conducted a Cyber Security Maturity (CSM) assessment, an instrument from BSSN to assess the level of cyber
              security maturity of an organization, including assessing the maturity of managing and protecting the confidentiality
              of personal data (data privacy).
          10. Implemented third party risk assessments including vendor security assessments in the Technology, Information
              and Cyber aspects.




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   11. BNI requires a Non-Disclosure Agreement (NDA) from third parties if there is collaboration in the use of customer
       data, and only sends customer data according to the customer's approval.
   12. BNI subsidiaries carry out reporting related to data management issues and discussion topics, including data
       privacy and security as a data harmonization process in Subsidiaries.
   13. Conducted regular security awareness to educate employees and customers on the importance of maintaining
       the confidentiality and security of personal data
d. Consumer Financial Protection
   1. Customer satisfaction score or Customer Satisfaction Survey (CSS) in 2023: 4.26
   2. Percentage of customer complaint resolution in 2023: 99.99%
   3. Providing training on consumer financial protection

GOVERNANCE ASPECT
1. BNI has an ESG Sub Committee under the Risk Management & Anti Fraud Committee.
2. BNI has a special work unit, the Environment, Social & Governance (ESG) Management Department under the
   Enterprise Risk Management (ERM) Division.
3. BNI ESG Policies:
   a. BNI ESG Framework and Roadmap
   b. Determination of the Net Zero Emission Roadmap
   c. Green Load Incentive Terms.
   d. Emission Data Technical Instructions
   e. Technical Instructions for Environmentally Friendly Business Activities (KUBL)
   f. Sustainability Linked Loan (SLL) SOP
4. The Board of Directors has KPIs for ESG performance, which are then handed down to Work Units (Green Loan and
   ESG Rating)




                                                            ESG Implementation
                                                                  Commitment


ELEVATING IMPACT, EMPOWERING SUSTAINABILITY
BNI supports the achievement of the Sustainable Development Goals (SDGs) very seriously as this has become a global
issue and a key focus of the Indonesian Government. BNI prioritizes the application of sustainability principles including
the environmental, social and governance (ESG) aspects in all areas of its business.

BNI believes that sustainability will have a positive impact on all stakeholders, which will leave a beneficial legacy for
future generations. As a business entity whose shares are mostly owned by the State, BNI continues to move forward to
become a leading transformation agent in implementing the environmental, social and governance principles.




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       BNI ESG FRAMEWORK & ESG ROADMAP


                                                                                                                               Social

                                                                                                                    •    Increase employee engagement
                           Environment
                                                                                              S                     •
                                                                                                                    •
                                                                                                                         Increase employee capabilities
                                                                                                                         Strengthen customer data and
                                                                                                                         financial protection
               •   Employee Engagement Survey (EES)/
                   Employee Engagement Rate 96%
               •   Achieving Operational NZE
                   (Net Zero Emission) in 2028                                              ESG                                             Governance
               •   Strengthening governance in
                   ESG loans                                                             Framework
               •   Increase employee                                                                                                    •    Increase diversity at Board of
                   awareness &amp; abilities                                 E                                  G                       •
                                                                                                                                             Directors level
                                                                                                                                             Strengthen the involvement of
               •   Sharpen ESG disclosures.
                                                                                                                                             Board of Directors in ESG




                   SHORT TERM FOCUS                                     MEDIUM TERM FOCUS                                               LONG TERM FOCUS
           •   Strengthen Infrastructure               •   Strengthening the Risk Acceptance Criteria (RAC) of debtors     •    Implementation of climate change risk
           •   Establish NZE and Carbon Budget         •   Strengthening climate change risk management infrastructure          management in bank operations
                                                       •   Strengthen Board involvement in ESG
                                                       •   Optimize data loss prevention




       ESG TARGET FOR BNI NET ZERO EMISSION (NZE)

       BNI is committed to achieving Operational Net Zero Emission (NZE) in 2028 and Financing NZE in 2060. The strategies
       used to achieve this target includes:
       1. Sustainable product development, such as:
          a. Launching of Sustainability Linked Loan to encourage debtors to implement ESG and have a transition map
               towards green.
          b. Providing green loan incentives to encourage green portfolio growth.
          c. Distributing green bonds for green projects is currently being carried out in 5 sectors, namely Renewable Energy,
               Environmentally Friendly Transportation, Environmentally Friendly Buildings, Waste to Energy Management and
               Waste Management, and Sustainable Use of Natural Resources and Land Use.
          d. Developing financing schemes to support and develop an environmentally oriented MSME ecosystem, such
               as the Khatulistiwa Coffee Trail - Social Forestry and the BNI Environmentally Friendly MSME (BUMI) program.
          e. Financing in the energy transition sector to encourage the transition to clean energy.
          f. Evaluating the possibility of issuing other sustainability-oriented bonds.
          g. Collaborating with strategic partners to issue sustainable products for individuals, such as environmentally friendly
               credit cards in collaboration with WWF, and issuing credit cards using recyclable raw materials in collaboration
               with AMEX.
          h. Optimizing the saving with waste program to increase student awareness in managing plastic waste.
       2. Energy efficiency
          c. Using electricity saving technology.
          d. Arranging and optimizing the use of air conditioners and lights in office buildings.
          e. Using renewable energy in Gedung Plaza BNI.
          f. Owning green building certified buildings: Gedung Plaza BNI and Menara BNI.
          g. Developing a waste management program to increase avoidable emissions.
          h. Optimizing online media for meetings.
       3. Nature-based solution program
          d. up to 2023, BNI has carried out a tree planting program covering an area of 229 ha. This program will continue to
               be developed as one of BNI's emission reduction programs.
          e. BNI coordinates with its Subsidiaries to align the implementation of the ESG Framework and Net Zero Roadmap
               in its Subsidiaries.




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          Practices                      Governance                        Responsibility                 Commitment                             Statements




                                                                                                             BNI ESG
                                                                                                     Risk Management

ESG-BASED PIPELINE MANAGEMENT

BNI adheres firmly to the policies of the Financial Services                                    BNI has instigated an ESG-oriented credit policy, as well
Authority (OJK) as the Central Bank in paying attention                                         as mapped the banking activities to start mitigating and
to the environmental and climate change risks. One                                              adapting to climate change.
form of this support is that BNI has already instigated
an industry risk appetite and risk acceptance that pays                                         This process is consistently carried out by the Corporate
attention to ESG issues. BNI pays attention to the                                              Banking Division 1, 2, 3 and 4, International Division,
issues of deforestation, flooding, deforestation, loss of                                       Enterprise Banking Division, Commercial Banking Division
biodiversity, environmental pollution and drought. Even                                         1 and 2, Institutional Banking Division 1 & 2, Syndication
though these do not have a direct impact on the Bank’s                                          & Structured Finance Division, Retail Productive Banking
business, the financial risk analysis covers financing to                                       Division, Small Business & Program Division, Corporate &
debtors with the same risk potential.                                                           Enterprise Credit Risk Division, as well as the Commercial
                                                                                                Credit Risk Division.
Therefore, BNI is very careful to not finance business
sectors that have a potential risk of damaging the                                              The BNI ESG risk management flow can be seen in the
environment or have the potential to increase global                                            following chart:
warming/climate change.




                                                       Pipeline Management Flowchart by considering ESG



                Pipeline Management Flow


                                    1                                  2                         3                             4                                5
                                                 Pre-Screening                 Risk                           Business
                Lead Generations                                                                                                             Pipeline
                                                (Solicit, Prospect &           Acceptance                     Acceptance
                (Market Insight)                                                                                                             Monitoring
                                                Pre Screening)                 Criteria (RAC)                 Committee

            Search for prospects            Pre-screening & character
            through:                        checks                                  RAC per Industrial
                                                                                    Sector included in      Example: Risk Acceptance Criteria (RAC)
            • Transaction Data
                                            Reduce unqualified leads                   "Appetite"
            • Referal
                                            from the start                                                    ASPECT            MINING                     PALM OIL
            •   Coldprospect                                                        Stricter RAC per
            •   Personal contacts           Pay attention to Climate                Industrial Sector                      •   Minimum                 •   RSPO/ISPO
                                                                                                            Environment,
                                            Risk per region:                           included in                             Proper BLUE                 certified
            •   Priority sector                                                                             Social &
                                                                                 "Limited/No Appetite"      Governance     •   No bad                  •   No social/
                industry associations       • Recognize the potential                                                          news about                  environmental
                                                for disaster                      RAC which takes into                         environmental               disturbances in
                                                                                                                               violations                  the last 5 years
                                            •    Priority for increasing         account Environmental,
                                                                                                                               locally &               •   Nature &
                                                 portfolios outside               Social & Governance                          internationally             local habitat
                                                 potential disaster                      aspects                                                           conservation
                                                 areas (geographical,
                                                 geological, hydrological
                                                 and demographic)
                                                 demografis)




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       ESG-BASED PIPELINE                                                    The 11 (eleven) industrial sectors in the middle segment
       MANAGEMENT MECHANISM                                                  include:
       1. In determining industrial sectors aimed at increasing the              1. Generic (sub sector that has not set/does not
          portfolio, BNI carries out reviews through discussions                     have a specific RAC);
          between business units, risk units and risk management.                2. Domestic Wholesale Trade;
          BNI uses Industry Risk Appetite (IRA) in determining                   3. Palm Oil Plantations;
          industrial sectors that have considered the Industry                   4. Processing Industry;
          Risk Rating (IRR), prospect factors for leading industrial             5. Chemical, Rubber and Plastic Industries;
          sectors/regional/regional advantages, and opinions on                  6. Provision of accommodation;
          business considerations and pipelines.                                 7. Rental Business Services;
                                                                                 8. Health Services and Social Activities;
            The initial screening process focuses on efforts to                  9. Construction;
            identify potential prospects in each region who meet                 10. Transportation;
            BNI's sustainability requirements, such as climate risk              11. Import Export Trade.
            and potential natural disasters.These steps also aim to
            ensure that the businesses are not involved in exposures         The 10 (ten) industrial sectors for the small segment
            prohibited by the Government, such as violations of              include:
            local community rights, forced labor, child exploitation,            1. Generic (sub sector that has not set/does not
            human rights, and other Government regulations.                          have a specific RAC);
                                                                                 2. Domestic Large Trade (wholesale);
            In addition, BNI is also oriented towards selecting                  3. Retail Trade;
            business actors in sectors that have implemented                     4. Processing Industry;
            sustainable finance principles or that have prioritized              5. Palm Oil Plantations;
            ESG factors in company operations, although this                     6. Chemical Industry;
            implementation process is still being improved                       7. Import Export Trade;
            gradually and continuously. Based on these factors,                  8. Public Transportation;
            BNI classifies the industrial sector into three categories,          9. Construction;
            namely Appetite, Limited Appetite, and No Appetite.                  10. Accommodation Provider.

       2. To support pipeline management, BNI has strengthened               The RAC for the industrial sector are prepared with
          its Risk Acceptance Criteria (RAC) to include 18                   an emphasis on implementing ESG based on the
          (eighteen) industrial sectors in the corporate segment,            characteristics of the industrial sector. In 2023, BNI
          11 (eleven) industrial sectors in the medium segment               strengthened RAC in 4 main sectors, Palm Oil Plantations
          and 10 (ten) industry sectors for the retail productive            (Upstream and Midstream), Mining (Mine Operators,
          segment, among other.                                              Smelter Refiners, Fabricators, Traders), Construction
                                                                             (Contractors andToll Road Contractors) and Electricity/
            The 18 (eighteen) industrial sectors in the corporate            Energy.
            segment include:                                              3. The BNI Compliance Division will conduct a Credit
               1. Recurring Real Estate;                                     Compliance Review (C2R) prior to loan approval to
               2. Non-Recurring Real Estate;                                 ensure that the loan process complies with all applicable
               3. Pharmaceutical Industry                                    regulations, including the ESG aspects set by BNI.
               4. Fast Moving Consumer Goods (FMCG);                      4. The credit committee will analyze the debtor/prospective
               5. Electricity;                                               debtor, including all risks and risk mitigation, before
               6. Metal and Metal Ore Trading (Trader);                      deciding to approve or reject the loan, including issues
               7. Base Metal Industry (Smelter Refiner);                     related to ESG. The Credit Committee is structured in
               8. Metal Ore Mining;                                          stages according to their authority to decide, up to the
               9. Chemical Industry;                                         level of the Board of Directors.
               10. Construction;                                          5. Pipeline Monitoring:
               11. Toll Road Building Construction;                          a. Periodically the Business Unit will conduct
               12. Telecommunications Contractors;                               monitoring using a watchlist system and assess
               13. Telecommunications and Data Center Operators;                 the debtor’s ratings. If a violation of the ESG aspect
               14. Cement Industry;                                              is found, BNI will verify it with related parties and
               15. Hospitals;                                                    may make adjustments to the debtor’s rating if it is
               16. Palm Oil Plantations (including Palm Oil Mills                proven that the debtor does not meet the specified
                   (PKS);                                                        ESG aspects;
               17. Palm Oil Processing Industry;                             b. The Internal Audit will regularly conduct audits of
               18. Metal Goods Industry (Fabricators).                           debtors whose operational activities can have a
                                                                                 negative impact on the environment.



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BNI continues to ensure that the loans disbursed are used to support businesses that are productive, responsible and do
not damage the environment. Routinely, the Business Unit monitors using a watchlist system and assesses the debtors’
ratings. The results of the watchlist system will be reported every three months to the Corporate & Enterprise Credit Risk
(CER) Division and the Commercial Credit Risk (CMR) Division. In addition, each responsible unit is also required to carry
out assessments of a sample of debtors as part of the monitoring process.

If violations of environmental, social and governance (ESG) aspects are detected, BNI will verify with relevant parties
and potentially downgrade if it is proven that the debtor does not comply with ESG regulations.

In 2023, the Bank mapped the fulfillment of ESG aspects in portfolios with a high impact on the environment to support
ESG implementation, including:
• 49 debtor companies have RSPO/ISPO certificates, while 9 other companies are in the process of obtaining RSPO/
    ISPO certificates.
• Debtors operating in the Cement Industry, have received the GREEN and BLUE Rating Assessment Program (PROPER)
    BLUE and GOLD;
• Debtors in the mining industry (Mine Operator) have partially received BLUE, GREEN and GOLD PROPER Rating
    Program;
• In this area, BNI continues to encourage debtors in the palm oil sector to obtain ISPO and RSPO certification, and
    fulfill their certification in accordance with each industrial sector.

IMPROVEMENTS IN ESG RISK MANAGEMENT
BNI adheres firmly to its role as an agent of change by applying the ESG principles. In 2023, BNI improved and refined
Risk Management in the ESG aspect, starting by strengthening policies related to ESG, developing tools & guidance
related to ESG aspects, and setting Net Zero Emission (NZE) targets for both operations and financing.
1. Strengthening Policy
    a. In line with BNI's commitment to applying ESG, in 2023 BNI collaborated with consultants to strengthen its ESG
       policies, which included preparing an ESG framework and re-sharpening policies related to the environment, social
       and governance as well as establishing BNI's short, medium and long-term roadmap towards Net Zero Emissions.
    b. Has set an operational NZE target by 2028 and a financing NZE target by 2060.
2. BNI strengthened tools and guidance related to ESG, including:
    a. Established an emissions data infrastructure to obtain operational emissions data from BNI regional and branch
       offices by the end of 2023 so that emissions developments can be monitored periodically.
    b. BNI identified the sectors with high emissions in the Corporate and Medium segment credit portfolio. For these
       high emission sectors, BNI regulates the portfolios through Loan Exposure Limits (LEL) in each of these industries.
    c. Strengthened the Risk Acceptance Criteria for 18 sectors in the corporate segment, 11 sectors in the medium
       segment and 10 sectors in the small segment by 2023.
3. In June 2023, the initial phase Climate Risk StressTest (CRST) for the Coal sector (including PLTU), Palm Oil Plantations
    and Pulp & Paper was carried out. CRST will be carried out again in 2024 to cover a minimum of 50% of the loan
    portfolio covering the sectors required by OJK.




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       Persons Responsible for ESG
       Implementation at BNI
       BNI has established the Environment, Social, and Governance (ESG) Sub Committee, as
       the body responsible for implementing ESG aspects. It was established based the Board
       of Directors Decree No. KP/745/DIR/R dated October 26, 2021. The ESG Sub-Committee
       is under a Board of Directors’ Committee, namely the Risk Management & Anti-Fraud
       Committee.

       The ESG Sub Committee membership composition is as follows:

        Chair                                                                        Vice President Director
        Vice Chair                                                                   Risk Management Director
                                                                                     Head of Enterprise Risk Management Division (also a permanent non-voting
        Secretary
                                                                                     member)
                                                                                     1.   Finance Director
                                                                                     2.   Wholesale & International Banking Director
                                                                                     3.   Institutional Banking Director
        Permanent Members at the Board of Directors and SEVP                         4.   Enterprise & Commercial Banking Director
        level (Voting Members)                                                       5.   Retail Banking Director
                                                                                     6.   Network & Services Director
                                                                                     7.   Technology & Operations Director
                                                                                     8.   SEVP Treasury
        Permanent Members at the Board of Directors level (Non-
                                                                                     Human Capital & Compliance Director*
        Voting Members)
                                                                                     1. Head of Corporate Secretary Division
                                                                                     2. Head of Policy Governance Division
                                                                                     3. Head of Investor Relations Division
                                                                                     4. Head of Corporate Planning Accounting Division
                                                                                     5. Head of International Banking Financial Institutional Division
                                                                                     6. Head of Subsidiaries Management Division
                                                                                     7. Head of Procurement Fixed Assets Division
                                                                                     8. Head of Treasury Division
                                                                                     9. Head of Compliance Division
                                                                                     10. Head of BNI University Division
                                                                                     11. Head of Human Capital Strategy Division
                                                                                     12. Head of Human Capital Services Division
                                                                                     13. Head of Corporate Banking Division 1
        Permanent Members at the Division/Unit Level (Non-                           14. Head of Corporate Banking Division 2
        Voting Members)                                                              15. Head of Corporate Banking Division 3
                                                                                     16. Head of Corporate Banking Division 4
                                                                                     17. Head of Syndication Structured Finance Division
                                                                                     18. Head of Enterprise Banking Division
                                                                                     19. Head of Commercial Banking Division 1
                                                                                     20. Head of Commercial Banking Division 2
                                                                                     21. Head of Operational Risk Management Division
                                                                                     22. Head of Corporate & Enterprise Credit Risk Division
                                                                                     23. Head of Corporate Enterprise Credit Risk Division
                                                                                     24. Head of Consumer Product Division
                                                                                     25. Head of Retail Productive Banking Division
                                                                                     26. Head of Business Program Division
                                                                                     27. Head of Card Business Division
                                                                                     28. Head of Agen46 Division
        Non-Voting Members                                                           Director/SEVP/Division Head related to the topic of discussion.

       Note:
       *) Specifically, the Director of Human Capital & Compliance has special duties and responsibilities as regulated in the Committee's Work Guidelines




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The ESG Sub Committee’s duties and responsibilities include:
1. Developing Enviromental, Social & Governance (ESG) management policies and strategies and their changes;
2. Identifying potential ESG risks that have an impact on both BNI and BNI stakeholders;
3. Monitoring the implementation of the sustainable finance strategy;
4. Monitoring, evaluating, and providing recommendations on BNI’s ESG assessment results;
5. Evaluating the implementation of the ESG strategy in all BNI business lines.

The sustainability aspects management is part of the responsibility of all work units, under the supervision of the Board
of Commissioners and Board of Directors. To ensure the application of sustainability governance, and to monitor the
application of Sustainable Finance, BNI has a special work unit, called the Environmental Social & Governance Management
(ESM) Department, a Department in the Enterprise Risk Management (ERM) Division.

The Environmental Social & Governance Management (ESM) Department main duties include:
1. Developing an ESG framework & roadmap as a guide for the Bank in implementing ESG principles
2. Developing, reviewing and monitoring the Net Zero Emission Bank roadmap
3. Developing a framework to manage and monitor climate change risks
4. Coordinating the application of ESG principles and climate change risks across all Bank business lines, including
   Subsidiaries
5. Acting as a liaison with external parties related to ESG implementation
6. Carrying out activities as coordinator of the Supporting Staff Group (SSG) of the ESG Sub-Committee
7. Monitoring and managing the realization of ESG implementation based on a bankwide roadmap
8. Coordinating the preparation and monitoring of the Sustainable Financial Action Plan (RAKB) and/or Corporate Plan
   related to ESG
9. Monitoring exposure and reporting to regulators/other external parties regarding ESG (Green portfolio, Green Bond
   and other ESG-oriented bonds, Indonesian Green Taxonomy (THI), Sustainability Report (sustainable governance,
   sustainable financing and carbon emissions data).




                                                          BNI’s ESG Implementation
                                                         Supervision and Evaluation

BNI’s ESG Monitoring and evaluation can be summarized as follows:


       Identify sectors with
                                One way to strengthen ESG aspects       Submission of proposals to
                                                                                                             Assessment of
    high emissions and impact
                                     in the loan process is by      strengthen ESG aspects in the loan
                                                                                                         ESG aspects in the loan
                                                                                                                                      Monitoring the assessment of     Continue
                                      strengthening RAC and          process to the Board of Directors                               ESG aspects in the loan process
        on the environment
                                   Debtor Rating assessments                based on authority
                                                                                                                process                                                & Improve



          Identification                   Mitigation                          Agreement                    Implementation                     Monitoring

         ERM, PGV,                       ERM, PGV,                      Director of Business               Business Units,            Director of Business and
       Business Units                  Business Units                    and Policy sector,                  Risk Units              Risk sector, Business Units,
          and Risk                        and Risk                           ERM, PGV                        and ERM                    Risk Units and ERM.




Senior management consisting of BNI's Board of Directors and Board of Commissioners play a role in supervising
the application of good governance principles by all work units to ensure responsible business practices, as well as to



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       encourage using the prudential principle when managing risks.The Bank continues to maintain the highest ethical behavior
       standards through accountable, accurate and transparent operations and reporting, as well as maintains compliance
       with prevailing laws and regulations.

       The governance structure, policies and operational processes implemented are directed at identifying and managing
       environmental, social and governance (ESG) risks throughout the BNI value chain.




       Implementation of Sustainable
       Finance In Subsidiary Companies

       The implementation of sustainable finance in subsidiaries has been carried out by preparing and submitting Sustainable
       Finance Action Plan (RAKB) documents to OJK:
       • PT BNI Multifinance;
       • PT BNI Sekuritas;
       • PT BNI Life Insurance;
       • PT Bank Hibank Indonesia.

       PT BNI Multifinance                                               PT BNI Life Insurance
       1. Developing financing for battery-powered electric              1. Implementing a sustainable finance training program;
          motorized vehicles;                                            2. Implementing social, environmental and literacy
       2. Developing the company's internal capacity for the                responsibility programs;
          introduction/socialization of RAKB;                            3. Implementing a productive credit life insurance
       3. Implementing social activities for the environment                marketing program for MSMEs;
          and society including blood donations, caring for the          4. Implementing efficiency programs to reduce
          environment, providing social assistance, minimizing the          plastic waste, paper use and electricity & water
          use of plastic containers and energy saving movements;            consumption;
       4. Preparing sustainable financial guidelines by                  5. Applying finetuning to the organization by reviewing
          considering the social and environmental aspects.                 business processes and increasing digitalization of
                                                                            sustainable financial activities.
       PT BNI Sekuritas
       1. Developing sustainable financial products and/or services      PT Bank Hibank Indonesia
          by conducting socialization and identification of business     1. Increasing the financing portfolio for debtors included
          products/financial services related to sustainable financial      in the sustainable business activity category;
          activities as well as environmental, social and governance     2. Increasing the sustainable mutual funds category
          to the business department at BNI Sekuritas;                      portfolio;
       2. Developing Internal capacity through training related to       3. Carrying out efficiencies for irreplaceable resources
          sustainable financial activities as well as environment,          such as the use of paper, electrical energy and water
          social and governance;                                            resources;
       3. Implementing sustainable financial activity policies as        4. Installing separate organic and non-organic waste bins
          well as environmental, social and governance in BNI               at the Head Office;
          Sekuritas business activities;                                 5. Implementing social, environmental and literacy
       4. Assessing & controlling environmental, social and                 responsibility programs for the community.
          governance risks related to BNI Sekuritas business
          activities;
       5. Adjusting the Corporate Social Responsibility program
          to the concept of sustainable financial activities;
       6. Implementing a Green Office at BNI Sekuritas.



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                                                ESG Index: BNI Sustainability
                                                          Practice Summary


ENVIRONMENTAL

                                                   Environmental

 COMPANY PRACTICE                                                                                                                   PAGE
 Environmental Impact Financing
 Scope of management systems to assess ESG risks in financing activities
 •   BNI has implemented a management system to assess ESG risk for all loan and investment banking operations.
                                                                                                                                Sustainability
 •   BNI has extended the integration of ESG risk in the underwriting process to other industrial sectors as one of the
                                                                                                                              Report page 97-99
     strategies for managing loan risk in 2023.
 Environmental loan policy
 •   BNI has participated in the development of sustainable agricultural ecosystems through the Millennial Smart                Sustainability
     Farming program.                                                                                                          Report page 69
 BNI has developed its Risk Acceptance Criteria (RAC) in 18 (eighteen) industry sectors for corporate segment, 11
 (eleven) industry sectors for medium segment and 10 (ten) industry sectors for small segment:

 The 18 (eighteen) industrial sectors in the corporate segment include:
 • Recurring Real Estate;
 • Non-Recurring Real Estate;
 • Pharmaceutical Industry
 • Fast Moving Consumer Goods (FMCG);
 • Electricity;
 • Metal and Metal Ore Trading (Trader);
 • Base Metal Industry (Smelter Refiner);
 • Metal Ore Mining;
 • Chemical Industry;
 • Construction;
 • Toll Road Building Construction;
 • Telecommunications Contractors;
 • Telecommunications and Data Center Operators;
 • Cement Industry;
 • Hospitals;
 • Palm Oil Plantations (including Palm Oil Mills (PKS));
 • Palm Oil Processing Industry;
 • Metal Goods Industry (Fabricators)
                                                                                                                                Sustainability
 The 11 (eleven) industrial sectors in the middle segment include:
                                                                                                                              Report page 35-38
 • Generic (sub sector that has not set/does not have a specific RAC);
 • Domestic Wholesale Trade;
 • Palm Oil Plantations;
 • Processing Industry;
 • Chemical, Rubber and Plastic Industries;
 • Provision of accommodation;
 • Rental Business Services;
 • Health Services and Social Activities;
 • Construction;
 • Transportation;
 • Import Export Trade.

 The 10 (ten) industrial sectors for the small segment include:
 • Generic (sub sector that has not set/does not have a specific RAC);
 • Domestic Large Trade (wholesale);
 • Retail Trade;
 • Processing Industry;
 • Palm Oil Plantations;
 • Chemical Industry;
 • Import Export Trade;
 • Public Transportation;
 • Construction;
 • Accommodation Provider.




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           2023                      Management                     Company                    Management Discussion and                Business Support
       Performance                     Report                        Profile                 Analysis on Company Performance               Functions




                                                             Environmental

         COMPANY PRACTICE                                                                                                                   PAGE
         BNI participates in the development of social forestry programs aimed at economic equity, improving the welfare of             Sustainability
         communities living around the forests and preventing illegal logging through sustainable forest empowerment.                  Report page 71
         BNI already has a loan policy to regulate the loan terms for industries related to agriculture; biodiversity; energy use;
         forestry; mining; oil and gas; transportation; and use of materials. The general loan policy is determined by the Credit       Sustainability
         Policy Committee and environmental and social risk analysis is carried out by the Risk Management & Anti-Fraud               Report page35-38
         Committee, with evaluations carried out by the Audit Committee.
         ESG Risk Management Integration
         To strengthen supervision in establishing the Environmental, Social & Governance (ESG) policies and management,
         BNI established an ESG sub-committee of the Risk Management & Anti-Fraud Committee, chaired by the Vice                        Sustainability
         President Director with the Risk Management Director as vice chairperson. The Bank’s Head of Enterprise Risk                  Report page 94
         Management Division is the secretary of the committee.
                                                                                                                                        Sustainability
         All BNI staff are trained on ESG risks and procedures, evidenced by the valid ESG training program provided.
                                                                                                                                       Report page 87
         ESG Risk Management Supervision
         •   Active supervision of the Board of Commissioners and Board of Directors in the application of risk management,
             including establishing a risk appetite and risk tolerance framework, risk control tools, as well as an integrated risk
             management framework and implementation.                                                                                  Annual Report
         •   To strengthen supervision in terms of policy determination and Environmental, Social & Governance (ESG)                     page 874
             management, BNI established an ESG sub-committee in the Risk Management & Anti-Fraud Committee, chaired
             by the Vice President Director and the Risk Management Director as vice chairman.
         Through the ESG Sub Committee under the Risk Management and Anti- Fraud Committee, the Board of Directors is
         actively involved in managing ESG risks including:
         • Developing Environmental, Social, & Governance (ESG) management policies and strategies and their changes;
                                                                                                                                        Sustainability
         • Identifying potential ESG risks that impact both BNI and BNI stakeholders;
                                                                                                                                       Report page 95
         • Monitoring the application of Sustainability Finance strategies;
         • Monitoring, evaluating and providing recommendations on the BNI ESG Assessment results;
         • Evaluating the application of the ESG strategy in all BNI business lines
         ESG Risk Management System
         BNI has developed a strong management system to assess ESG risk in financing activities, which is outlined in the
         form of:
         • Industry Risk Rating                                                                                                         Sustainability
         • Prospective Sector                                                                                                          Report page 34
         • Industry Risk Appetite
         • Risk Acceptance Criteria
         Environmental Financing Opportunities
         BNI is one of the recognized sustainability leaders and has received a number of ESG awards, and is entered in the            Sustainability
         IDX ESG Senior Leader and SRI Kehati index.                                                                                   Report page 3
         •   Gradually, BNI has taken an approach to identify and analyze climate- related risks, as well as take steps to reduce
                                                                                                                                        Sustainability
             emissions.
                                                                                                                                      Report page 31-32
         •   BNI has a significant investment in impact and target investments.
         BNI’s total financing portfolio in the Sustainable Business Activities (KKUB) category amounts to Rp181,1 trillion,
                                                                                                                                        Sustainability
         mainly in the form of financing to the MSME segment, sustainable natural resource management, energy efficiency
                                                                                                                                      Report page 26-27
         and renewable energy.


       SOCIAL
                                                                               Social

         COMPANY PRACTICE                                                                                                               PAGE
         Consumer Financial Protection
         Practice




1106   From Local to Global
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Capital & Risk Management      Good Corporate          Social & Environmental           ESG                        Financial
          Practices             Governance                 Responsibility            Commitment                   Statements




                                                                      Social

 COMPANY PRACTICE                                                                                                                PAGE
                                                                                                                       Annual Report page 950-
                                                                                                                            952 (AML-CTF)
                                                                                                                       Annual Report page 953
                                                                                                                       (Protection of Creditors'
                                                                                                                                 Rights)
 BNI strives to ensure fair operating practice policies are applied, and are in accordance with the Bank’s
                                                                                                                       Annual Report page 966
 policies and prevailing regulations. In its operational practices, BNI guarantees the following:
                                                                                                                        (Anti-Corruption Policy)
 a. Prevention of conflicts of interest
                                                                                                                       Annual Report page 953-
 b. Prohibition of giving, accepting gifts or souvenirs
                                                                                                                      955 (Anti-Gratification and
 c. Provisions for prohibition of abuse of office and accepting gratification
                                                                                                                          Anti-Bribery Policy)
 d. To realize good corporate governance, BNI has a Whistleblowing System (WBS).
                                                                                                                          Annual Report page
 e. Customer protection policies and provision of Information/Data/ Documents to external parties
                                                                                                                       963-965 (Whistleblowing
 f. Policy on fulfillment of creditor rights
                                                                                                                                System)
 g. Anti-corruption and anti-fraud policies
                                                                                                                       Annual Report page 984
                                                                                                                          (Conflict of Interest)
                                                                                                                         Sustainability Report
                                                                                                                       page 47 (Customer Data
                                                                                                                           Protection Policy)
 The Board of Directors is highly involved in product supervision through the Business Committee sub Product
 Committee, whose duties and responsibilities including:
 1. Determining the size and business development strategy through BNI products/activities;
 2. Conducting comprehensive testing and deciding on the “feasibility” of new products/activities, especially
    related to cross-sectoral/segmental alliances and strategic alliances with subsidiaries/other companies            Annual Report page 831
    outside BNI by inviting the relevant Sector Directors;
 3. Monitoring BNI products/activities and making decisions on the products/activities sustainability based on
    recommendations from the Supporting Staff Group/product owner;
 4. Acting as an arbitration institution in cross-sectoral issues related to the new products/activities.
 BNI carries out marketing communications transparently based on OJK regulations and in accordance with                  Sustainability Report
 company internal policies.                                                                                                    page 56
 BNI has an independent customer ombudsman & internal complaint review body with clear procedures and/                 Annual Report page 963
 or targets.
 BNI has an independent settlement system to provide protection for reporting parties and special training on          Annual Report page 963
 internal and external protection programs
                                                                                                                       Annual Report page 328-
 In the Debt Collection Policy, BNI has well-defined loan modification options including income-based
                                                                                                                                329
 considerations and customer access to escalation options.

 BNI runs BNICorpu TV on its youtube channel to educate the public regarding financial literacy and the latest
 trends in society by presenting speakers from internal BNI and from professional institutions. Education is           Annual Report page 390
 also carried out through social media and in collaboration with various government/private institutions.
                                                                                                                       Annual Report page 148
 The BNI Board of Commissioners’ level committees supervise the complaints.                                           Sustainability Report page
                                                                                                                                56-57
 Human Capital Development
 Practice
 •   BNI provides training and competency development on all aspects of the Company’s operations in a
     planned and sustainable manner and provides equal opportunities, including gender, to all levels of the
     organization. In 2023, BNI provided training and development programs organized by the Bank internally,
     and external parties, to 27.216 employees or 98,72%, with an average for each employee receiving training
                                                                                                                       Annual Report page 148
     of 8,6 times.
                                                                                                                      Sustainability Report page
 •   BNI has a program that covers all employees (including part time and suppliers/vendors)
                                                                                                                                86-87
 •   Since 2018, BNI has had a mandatory learning program for all employees through Sustainable Finance
     e-learning to increase awareness and capability regarding the practice of integrating Environmental,
     Social and Governance (ESG) criteria into financial services to realize sustainable development outcomes,
     including mitigation and adaptation to the adverse effects of climate change.




                                                                                          Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1107
Page 521
           2023                     Management                     Company                   Management Discussion and                Business Support
       Performance                    Report                        Profile                Analysis on Company Performance               Functions




                                                                              Social

         COMPANY PRACTICE                                                                                                             PAGE
         Strategy
         BNI has a Whistleblowing System (WBS) with the name “WBS to CEO”, as an early detection mechanism for
         any violations at BNI that can cause financial losses, including matters that can damage BNI’s image. WBS            Annual Report page 963
         management is carried out in collaboration with an external party, namely Deloitte
         BNI carries out employee satisfaction surveys along with employee engagement. In 2023, the level of                   Sustainability Report
         employee satisfaction/satisfaction will be 92%.                                                                             page 91
         Talent path development strategy
         The workforce planning strategy is directed at ensuring employee availability in functions is in line with BNI's
         strategy. Recruitment is carried out through various programs including the Officer Development Program,
         Assistant Development Program and Experience Hire. In 2023, BNI strengthened the talent acquisition
         mechanism by improving the General ODP policy and opening new ODP channels, including ODP Information
         Technology, ODP Data Scientist, ODP Digital and ODP Global Analyst Program.
                                                                                                                             Annual Report page 383-
                                                                                                                                      394
         In addition to the Bina internship program, BNI also has an internship program for students. Through the BNI
         Digital Talent Internship program, the Ministry of SOEs Certified Student Internship Program from FHCI, the
         Digital Talent Scholarship (DTS) 2020 Kominfo, Independent Campus Internship Program from the Ministry of
         Education, Culture, Research and Technology (Kemendikbudristek). BNI Digital Bootcamp Malang Internship
         Program, and Individual Internship Program.
         BNI’s Bina Apprenticeship Program is organized to provide job training and guidance to the inexperienced
         workforce by providing the knowledge, skills and abilities needed to be able to compete in the world of              Annual Report page 383-
         work. The number of Bina BNI internship participants in 2023 was 4,539 participants spread across all BNI                     394
         operational areas
         To provide learning solutions for its employees, BNI Corporate University provides learning facilities and           Annual Report page 383-
         infrastructure in-house and in partnership with other educational institutions.                                               394
         Programs & Initiatives
         BNI has a share ownership program for the Company’s employees and management after receiving
                                                                                                                             Annual Report page 906-
         approval from the shareholders at the fiscal year 2022 annual GMS held on March 15, 2023. The Company's
                                                                                                                                      908
         management share ownership program commenced on August 14, 2023.
         The remuneration strategy covers all employees, and is determined based on the principles of supply and
         demand, BNI's remuneration position compared to the market and takes into account the employees’ talent
                                                                                                                             Annual Report page 906-
         classification. The employee remuneration components consist of fixed remuneration that is differentiated
                                                                                                                                      908
         based on position and person value weighting. While, Variable remuneration is based on performance based
         on the Bank’s performance, unit performance, and individual employee performance.
         BNI provides training and competency development at all Company levels, which are carried out in a planned
         and sustainable manner by upholding the provision of equal opportunities, adapted to the training and
         development needs at each level.
                                                                                                                             Annual Report page 148-
                                                                                                                                      151
         The Education and Training Costs in 2023 amounted to IDR346,2 billion with the number of training
         participation decreasing from 27,676 (in 2022) to 27,216 (in 2023). please adjust the wording or make it 27,216
         participants.
         Access to Finance
         Products and Strategies
                                                                                                                             Sustainability Report page
         BNI is a direct provider or is directly involved in providing services in Micro services/Micro Insurance
                                                                                                                                       67-61
         Distribution and Reach
         To support customer convenience when conducting banking transactions, BNI offers a variety of e-Banking
                                                                                                                             Annual Report page 264-
         facilities that are constantly being refined through developments and innovations. The number of E-banking
                                                                                                                                      266
         users in 2023 reached … million.
                                                                                                                              Annual Report page 268-
         To expand its reach, BNI has more than 185 thousand BNI Agen46 who are BNI partners in providing banking
                                                                                                                                        269
         services to the public in the context of financial inclusion. Agen46 can facilitate many kinds of banking
                                                                                                                             Sustainability Report page
         services to assist in the distribution of Government programs, such as distribution of social assistance and
                                                                                                                                       67-61
         subsidies.
                                                                                                                                         72
                                                                                                                             Annual Report page 268-
         Advanced innovations in branchless alternative distribution channels targeting underserved demographics                      269
         through Digital and Agen46 services.                                                                                 Sustainability Report
                                                                                                                                    page 72
         Privacy & Data Security




1108   From Local to Global
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          Practices             Governance                 Responsibility             Commitment                   Statements




                                                                      Social

 COMPANY PRACTICE                                                                                                                PAGE
 Practice - Operations
 •   BNI guarantees that customers can update data, change, access and update data changes through BNICall
     and Customer Service.                                                                                            Sustainability Report page
 •   BNI has a data protection and information security policy that regulates all related business lines/                       45-46
     subsidiaries.                                                                                                      Sustainability Report
 •   BNI’s consumer data/information protection policies follow Bank Indonesia Regulation (PBI) No. 22/20/                    page 47
     PBI/2020 dated December 22, 2020 concerning Consumer Protection, and the Bank Indonesia Board of                 Sustainability Report page
     Governors Members Regulation No. 23/17/PADG/2021 dated September 9, 2021 concerning Procedures for                          366
     Implementing Bank Indonesia Consumer Protection.
 BNI launched innovations for credit card and other consumer loan applications through e-forms, including
 opening digital accounts through mobile banking to reduce the potential misuse of customer data, as data is           Annual Report page 327
 directly stored in the system without any physical forms.
 BNI has established a special organization (Information Security Division) combining several units with
                                                                                                                         Sustainability Report
 functions related to information security to maintain independence and focus more on evaluating, running,
                                                                                                                               page 49
 monitoring and improving cyber security.
 To ensure system reliability and information security, technology audits are conducted regularly by the
                                                                                                                         Sustainability Report
 Internal Audit. Assessments by external parties include the National Cyber and Crypto Agency (BSSN)
                                                                                                                               page 49
 through the Information Security Index (KAMI Index).
 The Technology Management Committee is a permanent committee at BNI authorized to provide
 recommendations to the Board of Directors on the formulation, determination of policies and strategies
 for BNI’s information technology development. This committee was established to assist the Board of                   Annual Report page 834
 Commissioners and the Board of Directors in supervising Information Technology (IT) activities, including
 those related to cyber security.
 Practices - Employees
 BNI provides IT Work Unit employees with training to develop their soft skills and hard skills. The hard skills
 training includes project management, IT architecture, programming, CI/CD, secure coding, cloud security,
 and others, carried out in-house or through Linkedin Learning, Google and AWS training, and other training             Sustainability Report
 media.                                                                                                                       page 49
                                                                                                                       Annual Report page 403
 For all employees, data security and/or privacy risks and procedures awareness is also carried out by
 increasing awareness through training and digital mindset development.




GOVERNANCE
                                                                  Governance

 COMPANY PRACTICE                                                                                                                     PAGE
 Governance
 Corporate Governance
 Salary Figures                                                                                                                  Annual Report
 • Executive Officer Payment Disclosure                                                                                            page 727
 Ownership Structure
                                                                                                                                 Annual Report
 • Controlling Shareholders
                                                                                                                                   page 615
 • Controlling Shareholders Requiring Attention
 One Share One Vote
                                                                                                                                 Annual Report
 • Multiple Equity Classes with Different Voting Rights
                                                                                                                                   page 619
 • Government Intervention Requiring Attention
 Board of Directors
 BOARD OF DIRECTORS’ INDEPENDENCE
                                                                                                                                 Annual Report
 • Executive Officers on the Board of Directors
                                                                                                                                  page 92-104
 • Transactions with Related Parties
 BOARD OF DIRECTORS’ EXPERTISE & DIVERSITY                                                                                       Annual Report
 • There are 30% female directors                                                                                                  page 737
 Salaries
 PAYMENT FIGURES                                                                                                                 Annual Report
 • Executive Officer Payment Disclosure                                                                                            page 727
 PAYMENT PERFORMANCE ALIGNMENT
 • CEO’s Equity Policy                                                                                                           Annual Report
 • Clawback & Malus                                                                                                              page 728-733
 • Payments Related to Sustainability




                                                                                          Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1109
Page 523
           2023                     Management                        Company              Management Discussion and           Business Support
       Performance                    Report                           Profile           Analysis on Company Performance          Functions




       GOVERNANCE
                                                                           Governance

         COMPANY PRACTICE                                                                                                           PAGE
         Share Ownership & Control
                                                                                                                               Annual Report
         DIRECTOR SELECTION
                                                                                                                               page 636-639
         • Annual Director Selection
                                                                                                                               Annual Report
         • Proxy Access
                                                                                                                               page 616-617
         ONE SHARE ONE VOTE                                                                                                    Annual Report
         • Multiple Equity Classes with Different Voting Rights                                                                  page 619
         SHAREHOLDERS’ RIGHTS                                                                                                  Annual Report
         • Right to Talk about Payment Policy                                                                                    page 615
         Accountancy
         ACCOUNTING RISK                                                                                                       Annual Report
         • Expenditure Recognition                                                                                             page 310-311
         Business Ethics
         Business Ethics Policies and Practices
                                                                                                                               Annual Report
         BNI has a Board of Directors or C-suite level committee or executive committee that oversees ethical issues.
                                                                                                                                 page 828
                                                                                                                               Annual Report
                                                                                                                               page 953-955
         BNI has a detailed formal policy on bribery and anti-corruption.
                                                                                                                               Annual Report
                                                                                                                                 page 966
                                                                                                                               Annual Report
         BNI audits all operations at least once every three years.
                                                                                                                                 page 871
         BNI has a formal anonymous reporting system with legal protection for whistleblowers through the Whistleblowing       Annual Report
         System (WBS) that is managed by an external party, Deloitte.                                                            page 963
                                                                                                                               Annual Report
         BNI has an ethical standard training program covering all employees (including part-time employees) and contractors
                                                                                                                                 page 904
                                                                                                                               Annual Report
         All BNI suppliers are required to have a mandatory anti-corruption policy and program for compliance verification.
                                                                                                                                 page 972
                                                                                                                               Annual Report
         BNI already has an Anti-Money Laundering Policy. The policy and implementation strategy is explained
                                                                                                                               page 950-952
         Tax Transparency
                                                                                                                               Annual Report
         The implementation of tax transparency refers to the Government regulations or policies.
                                                                                                                                 page 1111




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Capital & Risk Management   Good Corporate   Social & Environmental      ESG                      Financial
          Practices          Governance          Responsibility       Commitment                 Statements




                                                                         Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk   1111
Page 525

          
Page 526
1113   Financial Report

     Attachment of Republic of Indonesia Financial
     Services Authority Circular Letter No. 9/
1414 SEOJK.03/2020 Concerning Transparency and
     Publication of Conventional Commercial Bank
     Reports

     Cross-Reference No. 16/SEOJK.04/2021: Format
1418 and Completing the Annual Report of Issuers
     or Public Companies
Page 527
       Performa                 Laporan               Profil        Analisa dan Pembahasan           Fungsi
         2023                  Manajemen           Perusahaan      Manajemen atas Kinerja Bank   Penunjang Bisnis




                                      PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

                                      LAPORAN KEUANGAN KONSOLIDASIAN/
                                      CONSOLIDATED FINANCIAL STATEMENTS

                                      31 DESEMBER 2023 DAN 2022/
                                      31 DECEMBER 2023 AND 2022




1114   Menduniakan Bisnis Indonesia
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Permodalan & Praktik   Tata Kelola   Tanggung Jawab Sosial   Komitmen                    Laporan
 Manajemen Risiko      Perusahaan       dan Lingkungan         ESG                      Keuangan




                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1115
Page 529
       Performa                 Laporan       Profil     Analisa dan Pembahasan           Fungsi
         2023                  Manajemen   Perusahaan   Manajemen atas Kinerja Bank   Penunjang Bisnis




1116   Menduniakan Bisnis Indonesia
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Permodalan & Praktik   Tata Kelola   Tanggung Jawab Sosial   Komitmen                    Laporan
 Manajemen Risiko      Perusahaan       dan Lingkungan         ESG                      Keuangan




                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1117
Page 531
       Performa                 Laporan       Profil     Analisa dan Pembahasan           Fungsi
         2023                  Manajemen   Perusahaan   Manajemen atas Kinerja Bank   Penunjang Bisnis




1118   Menduniakan Bisnis Indonesia
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Permodalan & Praktik   Tata Kelola   Tanggung Jawab Sosial   Komitmen                    Laporan
 Manajemen Risiko      Perusahaan       dan Lingkungan         ESG                      Keuangan




                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1119
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       Performa                 Laporan       Profil     Analisa dan Pembahasan           Fungsi
         2023                  Manajemen   Perusahaan   Manajemen atas Kinerja Bank   Penunjang Bisnis




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Permodalan & Praktik   Tata Kelola   Tanggung Jawab Sosial   Komitmen                    Laporan
 Manajemen Risiko      Perusahaan       dan Lingkungan         ESG                      Keuangan




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       Performa                 Laporan       Profil     Analisa dan Pembahasan           Fungsi
         2023                  Manajemen   Perusahaan   Manajemen atas Kinerja Bank   Penunjang Bisnis




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Permodalan & Praktik   Tata Kelola   Tanggung Jawab Sosial   Komitmen                    Laporan
 Manajemen Risiko      Perusahaan       dan Lingkungan         ESG                      Keuangan




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       Performa                 Laporan       Profil     Analisa dan Pembahasan           Fungsi
         2023                  Manajemen   Perusahaan   Manajemen atas Kinerja Bank   Penunjang Bisnis




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Permodalan & Praktik                Tata Kelola                Tanggung Jawab Sosial               Komitmen                         Laporan
 Manajemen Risiko                   Perusahaan                    dan Lingkungan                     ESG                           Keuangan




                                              PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

  LAPORAN KEUANGAN KONSOLIDASIAN                                                              CONSOLIDATED FINANCIAL STATEMENTS
  31 DESEMBER 2023 DAN 2022                                                                            31 DECEMBER 2023 AND 2022
  DAN UNTUK TAHUN-TAHUN YANG BERAKHIR PADA                                                         AND FOR THE YEARS THEN ENDED
  31 DESEMBER 2023 DAN 2022                                                                             31 DECEMBER 2023 AND 2022



                             Daftar Isi                                   Halaman/                        Table of Contents
                                                                           Page


                                                                                                                           Consolidated Statements of
  Laporan Posisi Keuangan Konsolidasian ...................                 1-4        ..............................................Financial Position


  Laporan Laba Rugi dan Penghasilan Komprehensif                                        Consolidated Statements of Profit or Loss
      Lain Konsolidasian ..............................................     5-7        ....................and Other Comprehensive Income

  Laporan Perubahan          Ekuitas          Konsolidasian                 8-9                Consolidated Statements of Changes in
      …………… ...........................................................                ….…...………………………………………Equity

  Laporan Arus Kas Konsolidasian ...............................           10 - 12     ………..... Consolidated Statements of Cash Flows

  Catatan atas Laporan Keuangan Konsolidasian                             13 - 278           Notes to the Consolidated Financial
      ....... ………………………………………………                                                       ……………………….…………….…Statements


                                                                          Lampiran/
                                                                          Schedule

  Informasi Keuangan Tambahan ................................              1-5        ..…………..…Supplementary Financial Information



                                                             **************************




                                                                                                     Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1125
Page 539
       Performa                    Laporan                        Profil                Analisa dan Pembahasan                         Fungsi
         2023                     Manajemen                    Perusahaan              Manajemen atas Kinerja Bank                 Penunjang Bisnis




                                                PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

          LAPORAN POSISI KEUANGAN                                                                   CONSOLIDATED STATEMENTS OF
          KONSOLIDASIAN                                                                                         FINANCIAL POSITION
          31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
          (Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
          kecuali dinyatakan lain)                                                                             unless otherwise stated)

                                                    Catatan/
                                                     Notes           2023          2022

          ASET                                                                                                                          ASSETS

          Kas                                          4            11,207,201     13,448,092                                               Cash

          Giro pada Bank Indonesia                     5            65,256,432     82,921,989            Current accounts with Bank Indonesia

          Giro pada bank lain                        6,46b                                                   Current accounts with other banks
            - Pihak berelasi                                            52,254        113,602                             Related parties -
            - Pihak ketiga                                          34,970,515     15,808,274                                Third parties -

          Total giro pada bank lain                                 35,022,769     15,921,876           Total current accounts with other banks
          Dikurangi: Cadangan kerugian                                                                          Less: Allowance for impairment
            penurunan nilai                                                  (7)             (8)                                       losses

                                                                    35,022,762     15,921,868

          Penempatan pada bank lain dan              7,46c                                                           Placements with other banks
            Bank Indonesia                                                                                                 and Bank Indonesia
            - Pihak berelasi                                         1,210,621        705,107                                Related parties -
            - Pihak ketiga                                          42,583,643     50,864,235                                  Third parties -

          Total penempatan pada bank lain dan                                                                Total placements with other banks
            Bank Indonesia                                          43,794,264     51,569,342                            and Bank Indonesia
          Dikurangi: Cadangan kerugian                                                                         Less: Allowance for impairment
            penurunan nilai                                                 (98)            (26)                                      losses

                                                                    43,794,166     51,569,316

          Efek-efek                                  8,46d                                                                  Marketable securities
            - Pihak berelasi                                        11,427,357      7,795,611                                Related parties -
            - Pihak ketiga                                          25,980,323     21,007,140                                  Third parties -

          Total efek-efek                                           37,407,680     28,802,751                        Total marketable securities
          Dikurangi: Cadangan kerugian                                                                           Less: Allowance for impairment
            penurunan nilai                                            (242,941)       (246,668)                                       losses

                                                                    37,164,739     28,556,083

          Efek-efek yang dibeli                                                                                              Securities purchased
            dengan janji dijual kembali                14           13,951,344     16,631,271                        under agreements to resell

          Wesel ekspor dan tagihan lainnya            9,46f                                                            Bills and other receivables
           - Pihak berelasi                                         10,085,240     10,326,392                                 Related parties -
           - Pihak ketiga                                            9,192,255     10,575,737                                    Third parties -

          Total wesel ekspor dan tagihan lainnya                    19,277,495     20,902,129                   Total bills and other receivables
          Dikurangi: Cadangan kerugian                                                                          Less: Allowance for impairment
            penurunan nilai                                            (278,501)       (172,909)                                        losses

                                                                    18,998,994     20,729,220




          Catatan atas laporan keuangan konsolidasian terlampir                         The accompanying notes to the consolidated financial
          merupakan bagian yang tidak terpisahkan dari laporan                                       statements form an integral part of these
          keuangan konsolidasian secara keseluruhan.                                      consolidated financial statements taken as a whole.


                                                                  Halaman - 1 - Page




1126   Menduniakan Bisnis Indonesia
Page 540
Permodalan & Praktik              Tata Kelola              Tanggung Jawab Sosial             Komitmen                    Laporan
 Manajemen Risiko                 Perusahaan                  dan Lingkungan                   ESG                      Keuangan




                                           PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

LAPORAN POSISI KEUANGAN                                                                              CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                                                    FINANCIAL POSITION
31 DESEMBER 2023 DAN 2022                                                                               31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah,                                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                        unless otherwise stated)

                                                Catatan/
                                                 Notes             2023               2022

ASET (lanjutan)                                                                                                             ASSETS (continued)
Tagihan akseptasi                                10,46g                                                                  Acceptance receivables
  - Pihak berelasi                                                 3,158,955          4,665,596                             Related parties -
  - Pihak ketiga                                                  14,409,720         15,348,632                                Third parties -

Total tagihan akseptasi                                           17,568,675         20,014,228                    Total acceptance receivables
Dikurangi: Cadangan kerugian                                                                                     Less: Allowance for impairment
  penurunan nilai                                                    (477,481)        (1,102,385)                                      losses

                                                                  17,091,194         18,911,843

Tagihan derivatif                                11,46h                                                                    Derivative receivables
  - Pihak berelasi                                                    37,939              4,189                              Related parties -
  - Pihak ketiga                                                     957,738            681,048                                 Third parties -

Total tagihan derivatif                                               995,677           685,237                      Total derivative receivables

Pinjaman yang diberikan                          12,46i                                                                                    Loans
  - Pihak berelasi                                               126,359,320        104,726,161                              Related parties -
  - Pihak ketiga                                                 568,725,449        541,462,152                                Third parties -

Total pinjaman yang diberikan                                    695,084,769        646,188,313                                      Total loans
Dikurangi: Cadangan kerugian                                                                                     Less: Allowance for impairment
  penurunan nilai                                                (47,158,131)        (50,333,988)                                      losses

                                                                 647,926,638        595,854,325

Obligasi Pemerintah                             13,46e                                                                      Government Bonds
  setelah penyesuaian                                                                                               adjusted for amortization
  amortisasi diskonto dan premi                                  127,100,369        121,292,258                     of discount and premium
Dikurangi: Cadangan kerugian                                                                                     Less: Allowance for impairment
  penurunan nilai                                                       (1,504)           (1,391)                                      losses

                                                                 127,098,865        121,290,867

Pajak dibayar di muka                             29a                643,384            643,563                                     Prepaid taxes

Beban dibayar di muka                             15               2,743,330          3,243,620                                Prepaid expenses

Investasi pada entitas asosiasi                  16,46j           11,283,466         10,048,975                         Investment in associates

Penyertaan saham - bersih                        17,46j              563,700            608,797                          Equity investments - net

Aset lain-lain - bersih                           18              16,972,197         13,856,114                                Other assets - net

Aset tetap dan aset hak-guna                      19              44,687,850          41,755,458            Fixed assets and right-of-use assets
Dikurangi: Akumulasi penyusutan                                  (16,922,994)        (15,206,565)               Less: Accumulated depreciation

                                                                  27,764,856         26,548,893

Aset takberwujud                                  20                 744,423            752,311                                 Intangible assets

Aset pajak tangguhan - bersih                     29d              7,440,618          7,614,484                         Deferred tax assets - net

TOTAL ASET                                                     1,086,663,986       1,029,836,868                                TOTAL ASSETS




Catatan atas laporan keuangan konsolidasian terlampir                                    The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                                                  statements form an integral part of these
keuangan konsolidasian secara keseluruhan.                                                 consolidated financial statements taken as a whole.


                                                               Halaman - 2 - Page




                                                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1127
Page 541
       Performa                      Laporan                    Profil                  Analisa dan Pembahasan                  Fungsi
         2023                       Manajemen             Perusahaan           Manajemen atas Kinerja Bank                  Penunjang Bisnis
                                                PT BANK NEGARA       INDONESIA (PERSERO)        Tbk
                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

       LAPORAN POSISI KEUANGAN                                                                          CONSOLIDATED STATEMENTS OF
       KONSOLIDASIAN                                                                                                FINANCIAL POSITION
       31 DESEMBER 2023 DAN 2022                                                                           31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
       kecuali dinyatakan lain)                                                                                    unless otherwise stated)

                                                    Catatan/
                                                     Notes               2023          2022

       LIABILITAS DAN EKUITAS                                                                                        LIABILITIES AND EQUITY

       LIABILITAS                                                                                                                    LIABILITIES

       Liabilitas segera                               21                 5,294,952     4,686,360                   Obligations due immediately

       Simpanan nasabah                              22,46k                                                             Deposits from customers
         - Pihak berelasi                                           152,080,390       154,808,263                           Related parties -
         - Pihak ketiga                                             658,649,953       614,460,728                              Third parties -

       Total simpanan nasabah                                       810,730,343       769,268,991                 Total deposits from customers

       Simpanan dari bank lain                       23,46l                                                           Deposits from other banks
         - Pihak berelasi                                                 2,705,107     3,190,421                          Related parties -
         - Pihak ketiga                                                   9,188,881    12,054,133                              Third parties -

       Total simpanan dari bank lain                                     11,893,988    15,244,554                Total deposits from other banks

       Liabilitas derivatif                          11,46p                                                                  Derivative payables
          - Pihak berelasi                                                 136,138       118,439                             Related parties -
          - Pihak ketiga                                                   674,324       656,692                               Third parties -

       Total liabilitas derivatif                                          810,462       775,131                        Total derivative payables

       Efek-efek yang dijual                                                                                              Securities sold under
         dengan janji dibeli kembali                   24                 6,891,177     2,885,286                   agreements to repurchase
       Liabilitas akseptasi                          25,46q                                                                Acceptance payables
          - Pihak berelasi                                                1,070,600       988,843                           Related parties -
          - Pihak ketiga                                                  4,677,947     4,312,400                             Third parties -

       Total liabilitas akseptasi                                         5,748,547     5,301,243                     Total acceptance payables
       Beban yang masih harus dibayar                  26                 1,663,865     1,440,670                             Accrued expenses
       Utang pajak                                    29b                                                                        Taxes payable
         - Pajak penghasilan badan                                         701,920      1,391,695                      Corporate income tax -
         - Pajak lainnya                                                   121,053        159,351                               Other taxes -

       Total utang pajak                                                   822,973      1,551,046                            Total taxes payable
       Imbalan kerja                                   41                 7,005,834     6,879,968                             Employee benefits
       Penyisihan                                      27                 2,172,732     2,712,346                                        Provisions
       Liabilitas lain-lain                            28                26,124,897    21,129,380                                  Other liabilities
       Efek-efek yang diterbitkan                    30,46m               4,893,357     4,896,875                               Securities issued
       Pinjaman yang diterima                        31,46n              30,949,608    35,654,206                                       Borrowings
       Efek-efek subordinasi                         32,46o              16,928,731    17,213,150                        Subordinated securities

       TOTAL LIABILITAS                                             931,931,466       889,639,206                           TOTAL LIABILITIES




       Catatan atas laporan keuangan konsolidasian terlampir                               The accompanying notes to the consolidated financial
       merupakan bagian yang tidak terpisahkan dari laporan                                             statements form an integral part of these
       keuangan konsolidasian secara keseluruhan.                                            consolidated financial statements taken as a whole.


                                                                  Halaman - 3 - Page

1128   Menduniakan Bisnis Indonesia
Page 542
      Permodalan & Praktik        Tata Kelola              Tanggung Jawab Sosial           Komitmen                      Laporan
       Manajemen Risiko           Perusahaan       dan Lingkungan        ESG                                            Keuangan
                                       PT BANK NEGARA     INDONESIA (PERSERO) Tbk
                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

LAPORAN POSISI KEUANGAN                                                                                CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                                                      FINANCIAL POSITION
31 DESEMBER 2023 DAN 2022                                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah,                                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                          unless otherwise stated)

                                                Catatan/
                                                 Notes            2023                2022

EKUITAS                                                                                                                                        EQUITY
Ekuitas diatribusikan                                                                                          Equity attributable to equity holders
  kepada pemilik entitas induk                                                                                                  of the parent entity
Modal saham:                                                                                                                            Share capital:
  - Seri A Dwiwarna - nilai nominal                                                                                         Class A Dwiwarna -
     Rp3.750 per saham                                                                                           Rp3,750 par value per share
     (dalam Rupiah penuh)                                                                                              (in full Rupiah amount)
  - Seri B - nilai nominal                                                                                                  Class B - Rp3,750 -
     Rp3.750 per saham                                                                                                     par value per share
     (dalam Rupiah penuh)                                                                                              (in full Rupiah amount)
  - Seri C - nilai nominal                                                                                                  Class C - Rp187.5 -
     Rp187,5 per saham                                                                                                     par value per share
     (dalam Rupiah penuh)                                                                                              (in full Rupiah amount)
Modal dasar:                                                                                                            Share capital - Authorized:
  - Seri A Dwiwarna - 1 saham                                                                                     Class A Dwiwarna - 1 share -
  - Seri B - 578.683.733 saham                                                                                  Class B - 578,683,733 shares -
  - Seri C - 68.426.325.320 saham                                                                            Class C - 68,426,325,320 shares -
Modal ditempatkan dan disetor penuh:                                                                                            Issued and fully paid:
  - Seri A Dwiwarna - 1 saham                                                                                     Class A Dwiwarna - 1 share -
  - Seri B - 578.683.733 saham                                                                                  Class B - 578,683,733 shares -
  - Seri C - 36.678.114.582 saham                 33               9,054,807           9,054,807             Class C -36,678,114,582 shares -

Tambahan modal disetor                             33            17,010,254          17,010,254                              Additional paid-in capital
Cadangan pembayaran berbasis saham                 44                260,116                     -                    Share-based payment reserve

Transaksi dengan kepentingan                                                                                       Transactions with non-controlling
  nonpengendali                                    1i              2,256,999           2,256,999                                        interests

Cadangan revaluasi aset                            19            15,447,829          15,441,439                            Asset revaluation reserve
Kerugian yang belum                                                                                                                Unrealized loss
  direalisasi atas efek-efek dan Obligasi                                                                             on marketable securities
  Pemerintah yang diukur pada                                                                                          and Government Bonds
  nilai wajar melalui penghasilan                                                                                    at fair value through other
  komprehensif lain, setelah pajak                8,13              (896,178)         (1,971,154)              comprehensive income, net of tax

Selisih kurs karena penjabaran                                                                                               Exchange difference on
  laporan keuangan dalam                                                                                            translation of foreign currency
  mata uang asing                                                     (58,367)           (36,370)                             financial statements

Saldo laba                                                                                                                       Retained earnings
  Sudah ditentukan penggunaannya                                                                                                    Appropriated
     Cadangan umum dan wajib                       35             2,778,412           2,778,412                      General and legal reserves
     Cadangan khusus                               36                     -                   -                               Specific reserves
  Tidak ditentukan penggunaannya                                104,457,102          91,281,328                                   Unappropriated
  Total saldo laba                                              107,235,514          94,059,740                             Total retained earnings

Saham treasuri                                                      (179,960)                    -                                    Treasury shares
Total ekuitas yang dapat                                                                                                Total equity attributable to
  diatribusikan kepada                                                                                                          equity holders of
  pemilik entitas induk                                         150,131,014         135,815,715                                 the parent entity
Kepentingan non-pengendali                                         4,601,506          4,381,947                           Non-controlling interests

TOTAL EKUITAS                                                   154,732,520         140,197,662                                       TOTAL EQUITY


TOTAL LIABILITAS DAN EKUITAS                                  1,086,663,986        1,029,836,868                TOTAL LIABILITIES AND EQUITY



Catatan atas laporan keuangan konsolidasian terlampir                                    The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                                                  statements form an integral part of these
keuangan konsolidasian secara keseluruhan.                                                 consolidated financial statements taken as a whole.


                                                              Halaman - 4 - Page

                                                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1129
Page 543
       Performa                   Laporan                      Profil                  Analisa dan Pembahasan                    Fungsi
         2023                    Manajemen              Perusahaan           Manajemen atas Kinerja Bank                     Penunjang Bisnis
                                              PT BANK NEGARA       INDONESIA (PERSERO)        Tbk
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       LAPORAN LABA RUGI DAN PENGHASILAN                                         CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
       KOMPREHENSIF LAIN KONSOLIDASIAN                                                    AND OTHER COMPREHENSIVE INCOME
       UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                  FOR THE YEARS ENDED
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
       kecuali dinyatakan lain)                                                                           unless otherwise stated)
                                                 Catatan/
                                                  Notes                 2023             2022

       PENDAPATAN BUNGA                             37                  61,471,696       54,658,681                         INTEREST INCOME

       BEBAN BUNGA                                  38                  (20,196,023)    (13,337,989)                       INTEREST EXPENSE

       PENDAPATAN BUNGA - BERSIH                                        41,275,673       41,320,692                   INTEREST INCOME - NET
       Pendapatan premi dan                                                                                                     Premium income
         hasil investasi                                                  6,853,074        6,221,661                     and investment return
       Beban klaim                                                       (5,193,773)      (4,670,128)                            Claims expense
       PENDAPATAN PREMI DAN                                                                                           PREMIUM INCOME AND
         HASIL INVESTASI - BERSIH                                        1,659,301         1,551,533            INVESTMENTS RETURN - NET
       PENDAPATAN
         OPERASIONAL LAINNYA                                                                                     OTHER OPERATING INCOME
       Provisi dan komisi lainnya                                       10,120,172         9,738,240                  Other fee and commission
       Laba dari entitas asosiasi                                        1,327,868         1,083,052        Income from investment in associates
       Penerimaan kembali aset
         yang telah dihapusbukukan                                       5,029,766         3,780,086                Recovery of assets written off
       Keuntungan yang
         belum direalisasi dari
         perubahan nilai wajar aset                                                                                 Unrealized gain on changes in
         keuangan yang diukur                                                                                    fair value of financial assets at
         pada nilai wajar melalui laba rugi                                 73,552            15,544             fair value through profit or loss
       Keuntungan dari penjualan
         aset keuangan yang diukur pada                                                                           Gain on sale of financial assets
         nilai wajar melalui penghasilan                                                                             at fair value through other
         komprehensif lain dan                                                                                  comprehensive income and fair
         nilai wajar melalui laba rugi                                   1,179,693         1,331,839                value through profit or loss
       Laba selisih kurs - bersih                                        1,019,050         1,596,936               Foreign exchange gains - net
       Lain-lain                                                         1,062,328         1,053,974                                        Others
       TOTAL PENDAPATAN                                                                                            TOTAL OTHER OPERATING
         OPERASIONAL LAINNYA                                            19,812,429       18,599,671                             INCOME
       PEMBENTUKAN
         CADANGAN KERUGIAN                                                                                                  ALLOWANCE FOR
         PENURUNAN NILAI                                                 (9,196,402)    (11,513,892)                   IMPAIRMENT LOSSES
       BEBAN OPERASIONAL                                                                                                    OTHER OPERATING
         LAINNYA                                                                                                                   EXPENSES
       Gaji dan tunjangan                         39,46u                (12,833,769)    (12,456,022)             Salaries and employees’ benefits
       Umum dan administrasi                        40                   (9,193,199)     (8,791,956)                   General and administrative
       Premi penjaminan simpanan                                         (1,476,244)     (1,411,806)                  Deposit guarantee premium
       Beban promosi                                                     (1,066,423)     (1,116,323)                          Promotion expense
       Lain-lain                                                         (3,208,030)     (3,283,042)                                      Others
       TOTAL BEBAN OPERASIONAL                                                                                     TOTAL OTHER OPERATING
         LAINNYA                                                        (27,777,665)    (27,059,149)                          EXPENSES

       LABA OPERASIONAL                                                 25,773,336       22,898,855                       OPERATING INCOME




       Catatan atas laporan keuangan konsolidasian terlampir                              The accompanying notes to the consolidated financial
       merupakan bagian yang tidak terpisahkan dari laporan                                            statements form an integral part of these
       keuangan konsolidasian secara keseluruhan.                                           consolidated financial statements taken as a whole.


                                                                 Halaman - 5 - Page

1130   Menduniakan Bisnis Indonesia
Page 544
      Permodalan & Praktik       Tata Kelola          Tanggung Jawab Sosial        Komitmen                     Laporan
       Manajemen Risiko          Perusahaan       dan Lingkungan        ESG                                    Keuangan
                                      PT BANK NEGARA     INDONESIA (PERSERO) Tbk
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

LAPORAN LABA RUGI DAN PENGHASILAN                                         CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN                                                    AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                  FOR THE YEARS ENDED
31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)
                                           Catatan/
                                            Notes             2023               2022

BEBAN BUKAN                                                                                                               NON-OPERATING
  OPERASIONAL - BERSIH                                           (133,598)          (212,147)                             EXPENSE - NET

LABA SEBELUM BEBAN                                                                                                        INCOME BEFORE
  PAJAK                                                       25,639,738          22,686,708                              TAX EXPENSES

BEBAN PAJAK                                                                                                                 TAX EXPENSES
  Kini                                                         (4,462,052)        (5,041,267)                                     Current
  Tangguhan                                                       (71,458)           836,339                                     Deferred
TOTAL BEBAN PAJAK                              29c             (4,533,510)        (4,204,928)                     TOTAL TAX EXPENSES

LABA BERSIH                                                   21,106,228          18,481,780                                    NET INCOME

PENGHASILAN KOMPREHENSIF                                                                                      OTHER COMPREHENSIVE
  LAIN:                                                                                                                         INCOME:
Pos-pos yang tidak akan                                                                                             Items that will not be
  direklasifikasi ke laba rugi                                                                             reclassified to profit or loss
Keuntungan/(kerugian) yang berasal                                                                                        Gain/(loss) from
  dari revaluasi aset tetap                                          9,998              (977)                 revaluation of fixed assets

Pengukuran kembali liabilitas                                                                                       Remeasurement of post
  imbalan kerja                                                  (505,219)          285,365                          employment benefit

Pajak penghasilan terkait                                          96,005            (54,554)                             Related income tax
Pos-pos yang akan                                                                                                        Items that will be
  direklasifikasi ke laba rugi                                                                             reclassified to profit or loss
Penyesuaian akibat penjabaran                                                                                      Translation adjustment
  laporan keuangan dalam                                          (21,997)           (19,270)                         of foreign currency
  mata uang asing                                                                                                   financial statements
Keuntungan/(kerugian) dari perubahan nilai                                                              Gain/(loss) on changes in value of
  aset keuangan yang diukur pada                                                                                      financial assets at
  nilai wajar melalui                                                                                                  fair value through
  penghasilan komprehensif lain                                1,444,294          (4,627,413)             other comprehensive income

Pajak penghasilan terkait                                        (349,786)          591,165                               Related income tax

LABA/(RUGI) KOMPREHENSIF                                                                                   OTHER COMPREHENSIVE
  LAIN TAHUN BERJALAN                                                                                INCOME/(LOSS) FOR THE YEAR
  SETELAH PAJAK                                                   673,295         (3,825,684)                       AFTER TAXES
TOTAL LABA KOMPREHENSIF                                                                                        TOTAL COMPREHENSIVE
  TAHUN BERJALAN                                              21,779,523          14,656,096                  INCOME FOR THE YEAR

LABA TAHUN BERJALAN                                                                                              INCOME FOR THE YEAR
  DIATRIBUSIKAN KEPADA:                                                                                            ATTRIBUTABLE TO:
Pemilik entitas induk                                         20,909,476          18,312,054             Equity holders of the parent entity
Kepentingan non-pengendali                                       196,752             169,726                       Non-controlling interest
TOTAL                                                         21,106,228          18,481,780                                           TOTAL




Catatan atas laporan keuangan konsolidasian terlampir                             The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                                           statements form an integral part of these
keuangan konsolidasian secara keseluruhan.                                          consolidated financial statements taken as a whole.


                                                         Halaman - 6 - Page

                                                                                    Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1131
Page 545
       Performa                  Laporan                       Profil                 Analisa dan Pembahasan                    Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank                      Penunjang Bisnis
                                            PT BANK NEGARA       INDONESIA (PERSERO)        Tbk
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       LAPORAN LABA RUGI DAN PENGHASILAN                                        CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
       KOMPREHENSIF LAIN KONSOLIDASIAN                                                   AND OTHER COMPREHENSIVE INCOME
       UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                 FOR THE YEARS ENDED
       31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
       kecuali dinyatakan lain)                                                                          unless otherwise stated)
                                               Catatan/
                                                Notes                   2023            2022

       LABA KOMPREHENSIF                                                                                             TOTAL COMPREHENSIVE
         TAHUN BERJALAN                                                                                             INCOME FOR THE YEAR
         DIATRIBUSIKAN KEPADA:                                                                                          ATTRIBUTABLE TO:
       Pemilik entitas induk                                            21,559,964      14,594,497             Equity holders of the parent entity
       Kepentingan nonpengendali                                           219,559          61,599                       Non-controlling interest
       TOTAL                                                            21,779,523      14,656,096                                             TOTAL

       LABA PER SAHAM                                                                                             BASIC/DILUTED EARNINGS
         DASAR/DILUSIAN                                                                                        PER SHARE ATTRIBUTABLE
         DIATRIBUSIKAN KEPADA                                                                                         TO EQUITY HOLDERS
         PEMILIK ENTITAS INDUK                                                                                     OF THE PARENT ENTITY
         (DALAM RUPIAH PENUH)                     42                           561               983            (IN FULL RUPIAH AMOUNT)




       Catatan atas laporan keuangan konsolidasian terlampir                             The accompanying notes to the consolidated financial
       merupakan bagian yang tidak terpisahkan dari laporan                                           statements form an integral part of these
       keuangan konsolidasian secara keseluruhan.                                          consolidated financial statements taken as a whole.


                                                                 Halaman - 7 - Page

1132   Menduniakan Bisnis Indonesia
Page 546
                                                                                                                                                                                                             PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                                                                                                                                                                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

                                                                LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                                                                                                           CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
                                                                UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2023 DAN 2022                                                                                                                                                                                                          FOR THE YEARS ENDED 31 DECEMBER 2023 AND 2022
                                                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                                                                                                                                             (Expressed in millions of Rupiah, unless otherwise stated)
                                                                                                                                                                                                                                                                                                                                                                                                                     Manajemen Risiko
                                                                                                                                                                                                                                                                                                                                                                                                                    Permodalan & Praktik




                                                                                                                                                                                   Kerugian yang
                                                                                                                                                                                  belum direalisasi
                                                                                                                                                                                    atas efek-efek
                                                                                                                                                                                     dan Obligasi
                                                                                                                                                                                     Pemerintah
                                                                                                                                                                                     yang diukur
                                                                                                                                                                                      pada nilai
                                                                                                                                                                                    wajar melalui
                                                                                                                                                                                     penghasilan
                                                                                                                                                                                    komprehensif            Selisih
                                                                                                                                                                                     lain setelah       kurs karena
                                                                                                                                                                                         pajak/         penjabaran
                                                                                                                                                                                      Unrealized           laporan                            Saldo laba/Retained earnings
                                                                                                                                                                                                                                                                                                                                                                                                                    Tata Kelola




                                                                                                                                                                                        losses           keuangan
                                                                                                                                                                                                                                                                                                                                                                                                                    Perusahaan




                                                                                                                                                                                    on marketable       dalam mata                            Dicadangkan/
                                                                                                                                                                    Transaksi         securities        uang asing/                           Appropriated
                                                                                                                                  Modal                               dengan       and Government        Exchange
                                                                                                                              ditempatkan                          kepentingan         Bonds at        difference on         Cadangan          Cadangan                                               Cadangan
                                                                                                                               dan disetor                        nonpengendali/      fair value       translation of        revaluasi           umum                                               pembayaran         Total ekuitas
                                                                                                                                 penuh/         Tambahan           Transactions     through other          foreign             aset/           dan wajib/                           Saham          berbasis saham/    pemilik entitas      Kepentingan
                                                                                                                               Issued and      modal disetor/           with       comprehensive          currency             Asset             General             Tidak         treasuri/        Share-based         induk/Total       nonpengendali/
                                                                                                               Catatan/       fully paid-up      Additional       non-controlling      income -           financial         revaluation        and legal         dicadangkan/      Treasury           payment          equity owners      Non-controlling Total ekuitas/
                                                                                                                Notes            capital       paid-in capital        interest        net of tax        statements            reserve           reserves        Unappropriated*)    shares             reserve           of parent           interest      Total equity


                                                                Saldo pada tanggal 31 Desember 2022                               9,054,807        17,010,254           2,256,999        (1,971,154)           (36,370)      15,441,439          2,778,412           91,281,328                -                  -       135,815,715          4,381,947       140,197,662    Balance as of 31 December 2022

                                                                Laba komprehensif untuk tahun berjalan            8,13                     -                 -                  -        1,074,976             (21,997)           6,390                     -        20,500,595                -                  -        21,559,964           219,559         21,779,523 Comprehensive income for the year

                                                                Pembagian dividen                                  34                      -                 -                  -                 -                     -                 -                 -        (7,324,821)               -                  -         (7,324,821)                 -       (7,324,821)             Distribution of dividends

                                                                Saham treasuri                                     33                      -                 -                  -                 -                     -                 -                 -                -       (179,960)                    -          (179,960)                  -         (179,960)                     Treasury shares

                                                                Penambahan cadangan pembayaran                                                                                                                                                                                                                                                                                         Additional of share-based
                                                                                                                                                                                                                                                                                                                                                                                                                       dan Lingkungan




                                                                   berbasis saham                                  44                      -                 -                  -                 -                     -                 -                 -                 -                -          260,116             260,116                   -          260,116                   payment reserve
                                                                                                                                                                                                                                                                                                                                                                                                                    Tanggung Jawab Sosial




                                                                Saldo pada tanggal 31 Desember 2023                               9,054,807        17,010,254           2,256,999         (896,178)            (58,367)      15,447,829          2,778,412          104,457,102      (179,960)            260,116         150,131,014          4,601,506       154,732,520    Balance as of 31 December 2023



                                                                *) Termasuk di dalam saldo laba tidak dicadangkan adalah pengukuran kembali liabilitas imbalan kerja.                                                                                                                                        *)   Included in unappropriated retained earnings is the remeasurement of post employment benefit.
                                                                                                                                                                                                                                                                                                                                                                                                                      ESG
                                                                                                                                                                                                                                                                                                                                                                                                                    Komitmen
                                                                                                                                                                                                                                                                                                                                                                                                                     Laporan
                                                                                                                                                                                                                                                                                                                                                                                                                    Keuangan




                                                                Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang                                                                                                                                                          The accompanying notes to the consolidated financial statements form an integral part of these
                                                                tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.                                                                                                                                                                                                     consolidated financial statements taken as a whole.

                                                                                                                                                                                                                                 Halaman - 8 - Page




Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk
1133
Page 547
1134
                                                                                                                                                                                                                                                                                                                                                                                      2023
                                                                                                                                                                                                                                                                                                                                                                                    Performa




                                                                                                                                                                           PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                                                                                                                                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

                               LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                                                                                                          CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
                               UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2023 DAN 2022                                                                                                                                                                                                         FOR THE YEARS ENDED 31 DECEMBER 2023 AND 2022
                               (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                                                                                                                                            (Expressed in millions of Rupiah, unless otherwise stated)



                                                                                                                                                     (Kerugian)/
                                                                                                                                                  keuntungan yang
                                                                                                                                                 belum direalisasi
                                                                                                                                                   atas efek-efek
                                                                                                                                                    dan Obligasi
                                                                                                                                                    Pemerintah




Menduniakan Bisnis Indonesia
                                                                                                                                                    yang diukur
                                                                                                                                                      pada nilai
                                                                                                                                                   wajar melalui
                                                                                                                                                                                                                                                                                                                                                                                     Laporan




                                                                                                                                                    penghasilan
                                                                                                                                                                                                                                                                                                                                                                                    Manajemen




                                                                                                                                                   komprehensif           Selisih
                                                                                                                                                    lain setelah      kurs karena
                                                                                                                                                        pajak/        penjabaran
                                                                                                                                                     Unrealized          laporan                            Saldo laba/Retained earnings
                                                                                                                                                   Gains/(losses)      keuangan
                                                                                                                                                   on marketable      dalam mata                            Dicadangkan/
                                                                                                                                   Transaksi          securities      uang asing/                           Appropriated
                                                                                                 Modal                               dengan       and Government       Exchange
                                                                                             ditempatkan                          kepentingan         Bonds at       difference on         Cadangan          Cadangan                                               Cadangan
                                                                                              dan disetor                        nonpengendali/       fair value     translation of        revaluasi           umum                                               pembayaran         Total ekuitas
                                                                                                penuh/         Tambahan           Transactions     through other         foreign             aset/           dan wajib/                           Saham          berbasis saham/    pemilik entitas      Kepentingan
                                                                                              Issued and      modal disetor/           with       comprehensive         currency             Asset             General             Tidak         treasuri/        Share-based         induk/Total       nonpengendali/
                                                                              Catatan/       fully paid-up      Additional       non-controlling      income -          financial         revaluation        and legal         dicadangkan/      Treasury           payment          equity owners      Non-controlling Total ekuitas/
                                                                               Notes            capital       paid-in capital        interest         net of tax      statements            reserve           reserves        Unappropriated*)    shares             reserve           of parent           interest      Total equity


                               Saldo pada tanggal 31 Desember 2021                               9,054,807        17,010,254           2,256,999        1,948,658            (17,100)      15,442,025          2,778,412           75,471,792      (207,475)                    -       123,738,372          2,781,605       126,519,977     Balance as of 31 December 2021

                               Laba komprehensif untuk tahun berjalan            8,13                     -                 -                  -       (3,919,812)           (19,270)            (586)                    -        18,534,165                -                  -        14,594,497             61,599        14,656,096 Comprehensive income for the year
                                                                                                                                                                                                                                                                                                                                                                                       Profil




                               Pembagian dividen                                  34                      -                 -                  -                -                     -                 -                 -        (2,724,629)               -                  -         (2,724,629)                 -       (2,724,629)              Distribution of dividends
                                                                                                                                                                                                                                                                                                                                                                                    Perusahaan




                               Kepentingan nonpengendali yang diperoleh                                                                                                                                                                                                                                                                       Non controlling interest arising on
                                  dari kombinasi bisnis                           43                      -                 -                  -                -                     -                 -                 -                 -                -                  -                  -         1,538,743         1,538,743            business combination

                               Alokasi saham treasuri                                                                                                                                                                                                                                                                                              Allocation of treasury shares
                                   untuk pembayaran                                                                                                                                                                                                                                                                                                        for share-based
                                   berbasis saham                                 33                      -                 -                  -                -                     -                 -                 -                 -       207,475             (207,475)                  -                  -                  -               payment reserve

                               Penambahan cadangan pembayaran                                                                                                                                                                                                                                                                                         Additional of share-based
                                  berbasis saham                                  44                      -                 -                  -                -                     -                 -                 -                 -                -          207,475             207,475                   -          207,475                 payment reserve


                               Saldo pada tanggal 31 Desember 2022                               9,054,807        17,010,254           2,256,999       (1,971,154)           (36,370)      15,441,439          2,778,412           91,281,328                -                  -       135,815,715          4,381,947       140,197,662     Balance as of 31 December 2022



                               *) Termasuk di dalam saldo laba tidak dicadangkan adalah pengukuran kembali liabilitas imbalan kerja.                                                                                                                                       *)   Included in unappropriated retained earnings is the remeasurement of post employment benefit.
                                                                                                                                                                                                                                                                                                                                                                                     Analisa dan Pembahasan
                                                                                                                                                                                                                                                                                                                                                                                    Manajemen atas Kinerja Bank




                               Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang                                                                                                                                                         The accompanying notes to the consolidated financial statements form an integral part of these
                               tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.                                                                                                                                                                                                    consolidated financial statements taken as a whole.
                                                                                                                                                                                                                                                                                                                                                                                        Fungsi




                                                                                                                                                                                               Halaman - 9 - Page
                                                                                                                                                                                                                                                                                                                                                                                    Penunjang Bisnis
Page 548
      Permodalan & Praktik        Tata Kelola           Tanggung Jawab Sosial     Komitmen                     Laporan
       Manajemen Risiko           Perusahaan               dan Lingkungan           ESG                       Keuangan
                                       PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

LAPORAN ARUS KAS KONSOLIDASIAN                                                            CONSOLIDATED STATEMENTS OF
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                        CASH FLOWS FOR THE YEARS ENDED
31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

                                             Catatan/
                                              Notes             2023            2022

ARUS KAS DARI AKTIVITAS                                                                                           CASH FLOWS FROM
  OPERASI                                                                                                   OPERATING ACTIVITIES
Penerimaan pendapatan bunga                                     60,989,587       53,867,559                Receipts from interest income
Pembayaran beban bunga                                         (19,944,410)     (12,982,903)               Payments of interest expense
Pendapatan premi dan hasil investasi                             6,853,074        6,221,661             Premium and investment income
Beban klaim                                                     (5,193,773)      (4,670,128)                            Claims expense
Pendapatan operasional lainnya                                  16,949,163       29,188,180                     Other operating income
Beban operasional lainnya                                      (23,283,035)     (19,243,701)                  Other operating expenses
Beban bukan operasional - bersih                                  (133,598)        (212,151)               Non-operating expenses - net
Pembayaran pajak penghasilan                                    (5,151,648)      (4,452,098)                     Payment of income tax
Arus kas sebelum perubahan dalam                                                                        Cash flows before changes in
  aset dan liabilitas operasi                                   31,085,360      47,716,419            operating assets and liabilities

Perubahan dalam aset dan                                                                                   Changes in operating assets
  liabilitas operasi:                                                                                                  and liabilities:
                                                                                                                  (Increase)/decrease
  (Kenaikan)/penurunan aset operasi:                                                                            in operating assets:
    Penempatan pada                                                                                                 Placements with
      Bank Indonesia dan                                                                                     Bank Indonesia and
      bank lain                                                    (440,595)       924,885                            other banks
    Efek-efek dan Obligasi
      Pemerintah yang diukur                                                                            Marketable securities and
      pada nilai wajar melalui                                                                   Government Bonds at fair value
      laba rugi                                                  (5,027,231)     4,774,591                 through profit or loss
    Efek-efek yang dibeli                                                                                     Securities purchased
      dengan janji dijual kembali               14               2,679,927        6,910,457          under agreements to resell
    Wesel ekspor dan tagihan lainnya                             1,624,634         (936,193)           Bills and other receivables
    Pinjaman yang diberikan                                    (63,286,794)     (71,597,247)                                  Loans
    Tagihan akseptasi                                            2,445,553        1,625,087               Acceptance receivables
    Beban dibayar di muka                       15                 500,290         (128,492)                    Prepaid expenses
    Penempatan term deposit valas                                                                  Foreign exchange term deposit
      devisa hasil ekspor                                        (2,540,505)              -                from export activities
    Aset lain-lain                                                  (93,469)     (1,086,042)                          Other assets

                                                                                                      (Decrease)/increase in operating
  (Penurunan)/kenaikan liabilitas operasi:                                                                                   liabilities:
    Liabilitas segera                           21                 608,592         129,115              Obligations due immediately
    Simpanan nasabah                            22              41,461,352      32,009,728                 Deposits from customers
    Simpanan dari bank lain                     23              (3,350,566)        766,330               Deposits from other banks
    Kewajiban atas penempatan                                                                                    Liabilities related to
       term deposit valas                                                                                  foreign exchange term
       devisa hasil ekspor                                       2,540,505               -           deposit from export activities
    Beban yang masih harus dibayar              26                 223,195         198,540                        Accrued expenses
    Imbalan kerja                               41                 701,494        (252,786)                       Employee benefits
    Liabilitas akseptasi                        25                 447,304        (368,701)                    Acceptance payables
    Utang pajak                                                    (38,297)         83,617                            Taxes payable
    Liabilitas lain-lain                        28                 852,115        (816,473)                           Other liabilities
Kas bersih diperoleh dari                                                                                        Net cash provided from
  aktivitas operasi                                             10,392,864      19,952,835                         operating activities




Catatan atas laporan keuangan konsolidasian terlampir                            The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                                          statements form an integral part of these
keuangan konsolidasian secara keseluruhan.                                         consolidated financial statements taken as a whole.


                                                          Halaman - 10 - Page
                                                                                   Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1135
Page 549
       Performa                   Laporan                     Profil                 Analisa dan Pembahasan                         Fungsi
         2023                    Manajemen                 Perusahaan               Manajemen atas Kinerja Bank                 Penunjang Bisnis
                                             PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

       LAPORAN ARUS KAS KONSOLIDASIAN                                                              CONSOLIDATED STATEMENTS OF
       UNTUK TAHUN-TAHUN YANG BERAKHIR                                                          CASH FLOWS FOR THE YEARS ENDED
       31 DESEMBER 2023 DAN 2022                                                                       31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
       kecuali dinyatakan lain)                                                                                unless otherwise stated)

                                                Catatan/
                                                 Notes              2023                2022


       ARUS KAS DARI AKTIVITAS                                                                                                CASH FLOWS FROM
         INVESTASI                                                                                                        INVESTING ACTIVITIES
       Penjualan efek-efek                                                                                                                   Proceed
         yang diukur pada nilai wajar melalui                                                                                     from marketable
         penghasilan komprehensif lain dan                                                                        securities measured at fair value
         biaya perolehan yang                                                                                        through other comprehensive
         diamortisasi                                               55,841,139         143,833,511                      income and amortized cost
       Pembelian efek-efek
         yang diukur pada nilai wajar melalui                                                                          Placement from marketable
         penghasilan komprehensif lain dan                                                                        securities measured at fair value
         biaya perolehan yang                                                                                        through other comprehensive
         diamortisasi                                              (58,100,935)       (154,549,209)                     income and amortized cost
       Penjualan dari Obligasi
         Pemerintah yang diukur pada
         nilai wajar melalui                                                                                                Proceed of Government
         penghasilan komprehensif                                                                                      Bonds at fair value through
         lain dan biaya perolehan yang                                                                               other comprehensive income
         diamortisasi                                               55,658,940          55,920,426                            and amortized cost
       Pembelian dari Obligasi
         Pemerintah yang diukur pada                                                                                    Placement of Government
         nilai wajar melalui penghasilan                                                                             Bonds at fair value through
         komprehensif lain dan biaya                                                                               other comprehensive income
         perolehan yang diamortisasi                               (61,028,460)        (78,352,075)                           and amortized cost
       Pembelian aset tetap                        19               (2,355,060)         (2,441,525)                     Acquisition of fixed assets
       Hasil penjualan aset tetap                                       13,119             952,777            Proceeds from sale of fixed assets
       Akuisisi Entitas Anak                       43                        -          (3,500,000)                       Acquisition of Subsidiary
       Penyertaan pada Entitas anak                                   (800,000)           (500,000)                  Capital injection in Subsidiary
       Penyertaan modal di investasi asosiasi                                -            (425,756)      Capital injection in investment associate
       Kas yang diperoleh dari                                                                                  Cash receipts from acquisition of
         akuisisi Entitas Anak                     43                          -          6,828,697                                    Subsidiary
       Kas bersih digunakan dari                                                                                                  Net cash used in
         aktivitas investasi                                       (10,771,257)        (32,233,154)                           investing activities

       ARUS KAS DARI AKTIVITAS                                                                                    CASH FLOWS FROM FINANCING
         PENDANAAN                                                                                                              ACTIVITIES
       Penerimaan
         pinjaman yang diterima                                     15,899,532          13,668,405                          Receipt from borrowings
       Pembayaran
         pinjaman yang diterima                                    (20,658,021)        (10,919,385)                         Payment for borrowings
       Penerimaan efek-efek yang                                                                                           Receipt in securities sold
         dijual dengan janji dibeli kembali       24                 4,011,546            1,042,592               under agreements to repurchase
       Pembayaran atas efek-efek yang diterbitkan                            -           (3,000,000)                              Securities issued
       Penerimaan atas efek-efek yang diterbitkan                            -            5,000,000                   Receipt from securities issued
       Saham treasuri                                                 (179,960)                   -                                 Treasury shares
       Pembayaran liabilitas sewa                                     (240,769)            (341,741)                       Payment of lease liability
       Pembayaran dividen                                           (7,324,821)          (2,724,629)                          Payment of dividends
       Kas bersih (digunakan untuk)/                                                                                           Net cash (used in)/
         diperoleh dari aktivitas                                                                                       provided from financing
         pendanaan                                                  (8,492,493)           2,725,242                                   activities

       PENURUNAN BERSIH                                                                                                 NET DECREASE IN
         KAS DAN SETARA KAS                                         (8,870,886)          (9,555,077)        CASH AND CASH EQUIVALENTS

       KAS DAN SETARA KAS PADA                                                                                    CASH AND CASH EQUIVALENTS
         AWAL TAHUN                                               163,900,321          173,340,293                 AT BEGINNING OF THE YEAR

       Pengaruh perubahan kurs                                                                                             Effect of foreign currency
         mata uang asing                                                (150,342)           115,105                        exchange rate changes
       KAS DAN SETARA KAS PADA                                                                                    CASH AND CASH EQUIVALENTS
         AKHIR TAHUN                                              154,879,093          163,900,321                   AT THE END OF THE YEAR


       Catatan atas laporan keuangan konsolidasian terlampir                             The accompanying notes to the consolidated financial
       merupakan bagian yang tidak terpisahkan dari laporan                                           statements form an integral part of these
       keuangan konsolidasian secara keseluruhan.                                          consolidated financial statements taken as a whole.


                                                               Halaman - 11 - Page
1136   Menduniakan Bisnis Indonesia
Page 550
      Permodalan & Praktik      Tata Kelola          Tanggung Jawab Sosial     Komitmen                     Laporan
       Manajemen Risiko         Perusahaan              dan Lingkungan           ESG                       Keuangan
                                       PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

LAPORAN ARUS KAS KONSOLIDASIAN                                                          CONSOLIDATED STATEMENTS OF
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                      CASH FLOWS FOR THE YEARS ENDED
31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

                                          Catatan/
                                           Notes             2023             2022


KAS DAN                                                                                                                CASH AND
  SETARA KAS TERDIRI DARI:                                                                  CASH EQUIVALENTS CONSIST OF:
Kas                                           4              11,207,201       13,448,092                                      Cash
Giro pada Bank Indonesia                      5              65,256,432       82,921,989     Current accounts with Bank Indonesia
Giro pada bank lain                           6              35,022,769       15,921,876        Current accounts with other banks
Penempatan pada Bank Indonesia                                                                    Placements with Bank Indonesia
  dan bank lain - jangka waktu                                                                        and other banks - maturing
  jatuh tempo tiga bulan atau kurang                                                                      within three months of
  sejak tanggal perolehan                                    43,392,691       51,608,364                         acquisition date
Total kas dan setara kas                                   154,879,093       163,900,321           Total cash and cash equivalents




Catatan atas laporan keuangan konsolidasian terlampir                         The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                                       statements form an integral part of these
keuangan konsolidasian secara keseluruhan.                                      consolidated financial statements taken as a whole.


                                                        Halaman - 12 - Page
                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1137
Page 551
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       1.   INFORMASI UMUM                                                 1.   GENERAL INFORMATION

            a.    Pendirian Bank                                                a.   Establishment of the Bank

                  PT Bank Negara Indonesia (Persero) Tbk                             PT Bank Negara Indonesia (Persero) Tbk
                  (“BNI” atau “Bank”) pada awalnya didirikan di                      (“BNI" or “Bank”) was originally established in
                  Indonesia sebagai bank sentral dengan nama                         Indonesia as the central bank under the name
                  “Bank    Negara     Indonesia”  berdasarkan                        “Bank      Negara      Indonesia” based     on
                  Peraturan Pemerintah Pengganti Undang-                             Government Regulation in Lieu of Law No. 2 of
                  Undang No. 2 tahun 1946 tanggal 5 Juli 1946.                       1946 dated 5 July 1946. Subsequently, by
                  Selanjutnya, berdasarkan Undang-Undang                             virtue of Law No. 17 of 1968, BNI became
                  No. 17 tahun 1968, BNI ditetapkan menjadi                          “Bank Negara Indonesia 1946”, and changed
                  “Bank Negara Indonesia 1946”, dan statusnya                        its status to a state-owned commercial bank.
                  menjadi Bank Umum Milik Negara.

                  Berdasarkan Peraturan Pemerintah No. 19                            Based on Government Regulation No. 19 of
                  tahun 1992, tanggal 29 April 1992, telah                           1992, dated 29 April 1992, BNI changed its
                  dilakukan penyesuaian bentuk hukum BNI                             legal status to a limited liability corporation
                  menjadi perusahaan perseroan terbatas                              (Persero). The change in legal status to
                  (Persero). Penyesuaian bentuk hukum menjadi                        become a limited liability corporation was
                  Persero, dinyatakan dalam Akta No. 131,                            covered by Notarial Deed No. 131, dated
                  tanggal 31 Juli 1992, dibuat di hadapan                            31 July 1992 of Muhani Salim, S.H., and was
                  Muhani Salim, S.H., yang telah diumumkan                           published in Supplement No. 1A of the State
                  dalam Berita Negara Republik Indonesia                             Gazette No. 73 dated 11 September 1992.
                  No. 73 tanggal 11 September 1992 Tambahan
                  No. 1A.

                  Untuk memenuhi ketentuan Undang-Undang                             In compliance with the Indonesian Limited
                  No. 40 Tahun 2007 tanggal 16 Agustus 2007                          Liability Company Law No. 40 Year 2007
                  tentang Perseroan Terbatas, Anggaran Dasar                         dated 16 August 2007, BNI’s Articles of
                  BNI      telah    dilakukan    penyesuaian.                        Association has been amended. The
                  Penyesuaian tersebut dinyatakan dalam Akta                         amendment was covered by Notarial Deed No.
                  No. 46 tanggal 13 Juni 2008 yang dibuat di                         46 dated 13 June 2008 of Fathiah Helmi, S.H.,
                  hadapan Fathiah Helmi, S.H., notaris di                            a notary in Jakarta, as approved in the
                  Jakarta, berdasarkan keputusan Rapat Umum                          Extraordinary General Shareholders’ Meeting
                  Pemegang Saham Luar Biasa tanggal 28 Mei                           on 28 May 2008 and approved by the Minister
                  2008 dan telah mendapat persetujuan dari                           of Laws and Human Rights of the Republic of
                  Menteri Hukum dan Hak Asasi Manusia                                Indonesia, in its Decision Letter No. AHU-
                  Republik Indonesia, dengan Surat Keputusan                         AH.01.02-50609 dated 12 August 2008 and
                  No. AHU-AH.01.02-50609 tanggal 12 Agustus                          published in Supplement No. 29015 of the
                  2008 dan telah diumumkan dalam Berita                              State Gazette No. 103 dated 23 December
                  Negara Republik Indonesia No. 103 tanggal                          2008.
                  23 Desember 2008 Tambahan No. 29015.

                  Anggaran Dasar BNI sebagaimana termaktub                           BNI's Articles of Association as stated on
                  dalam Akta Pernyataan Keputusan RUPS                               Notarial Deed No. 23 dated 20 April 2021 of
                  Tahunan Nomor 23 tanggal 20 April 2021                             Fathiah Helmi, S.H., and has been approved
                  Notaris Fathiah Helmi yang telah mendapatkan                       by the Minister of Laws and Human Rights of
                  persetujuan dari Menteri Hukum dan Hak                             the Republic of Indonesia, in its decision letter
                  Asasi Manusia Republik Indonesia dengan                            No. AHU-0076627.AH.01.11 Tahun 2021
                  Surat Nomor AHU-0076627.AH.01.11 tanggal                           dated 26 April 2021 has been amended as
                  26 April 2021 dan telah diubah berdasarkan                         stated in the Notarial Deed of Extraordinary
                  Akta Pernyataan Keputusan RUPS Luar Biasa                          General Shareholders' Meeting No. 18 dated
                  Nomor 18 tanggal 19 September 2023 oleh                            19 September 2023 by Notary Ashoya Ratam,
                  Notaris Ashoya Ratam, S.H., M.Kn. yang telah                       SH, M.Kn., which has been approved by the
                  diterima dan dicatat oleh Menteri Hukum dan                        Minister of Law and Human Rights of the
                  Hak Asasi Manusia Republik Indonesia                               Republic of Indonesia in its decision letter No.
                  dengan Surat Nomor AHU-AH.01.03-0119983                            AHU-AH.01.03-0119983 dated 19 September
                  tanggal 19 September 2023.                                         2023.




                                                           Halaman - 13 - Page
1138   Menduniakan Bisnis Indonesia
Page 552
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                            Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                           Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                  1.     GENERAL INFORMATION (continued)

     a.   Pendirian Bank (lanjutan)                                     a.   Establishment of the Bank (continued)

          Berdasarkan Pasal 3 Anggaran Dasar BNI,                            According to Article 3 of BNI’s Articles of
          ruang lingkup kegiatan BNI adalah melakukan                        Association, BNI’s scope of activity is to
          usaha di bidang perbankan umum.                                    engage in general banking services.

     b.   Penawaran Umum Perdana Saham                                  b.   Initial Public Offering (“IPO”)

          Pada tanggal 28 Oktober 1996, BNI                                  On 28 October 1996, BNI undertook an initial
          melakukan penawaran umum perdana atas                              public offering of 1,085,032,000 Class B
          1.085.032.000 saham Seri B dengan nilai                            shares with a par value per share of Rp500
          nominal sebesar Rp500 (nilai penuh) setiap                         (full amount) and offering price per share of
          saham dan harga penawaran setiap saham                             Rp850 (full amount) to the public in Indonesia.
          sebesar Rp850 (nilai penuh) kepada                                 The shares began trading on the Jakarta and
          masyarakat di Indonesia. Saham yang                                Surabaya     Stock    Exchanges       (currently
          ditawarkan tersebut mulai diperdagangkan di                        Indonesia Stock Exchange or IDX) on
          Bursa Efek Jakarta dan Surabaya (sekarang                          25 November 1996.
          Bursa Efek Indonesia atau BEI) pada tanggal
          25 November 1996.

     c.   Penawaran Umum Saham Terbatas I                               c.   Limited Public Offering I

          Pada tanggal 30 Juni 1999, BNI melakukan                           On 30 June 1999, BNI undertook a Limited
          Penawaran Umum Terbatas I dalam rangka                             Public Offering I (“LPO I”) through the
          penerbitan Hak Memesan Efek Terlebih                               issuance     of    pre-emptive     rights    of
          Dahulu (HMETD) sebanyak 151.904.480.000                            151,904,480,000 Class C shares with a par
          saham Seri C dengan nilai nominal sebesar                          value per share of Rp25 (full amount). Each
          Rp25 (nilai penuh) setiap saham. Setiap                            holder of 1 share was entitled to buy 35 new
          pemegang 1 saham lama berhak membeli                               shares for Rp347.58 (full amount) per share.
          35 saham baru dengan harga Rp347,58 (nilai                         As a result of LPO I, BNI increased its capital
          penuh) setiap saham. Dari penawaran umum                           by 683,916,500 Class C shares issued to the
          ini, BNI meningkatkan modal sahamnya                               public on 21 July 1999 and the LPO I listed in
          sebanyak 683.916.500 lembar saham Seri C                           the Jakarta and Surabaya Stock Exchanges
          yang diterbitkan kepada masyarakat umum                            (currently IDX). On 7 April 2000 and 30 June
          pada tanggal 21 Juli 1999 dan terdaftar di                         2000, BNI also issued 151,220,563,500 Class
          Bursa Efek Jakarta dan Surabaya (sekarang                          C shares to the Government of Indonesia
          BEI). BNI juga menerbitkan 151.220.563.500                         through the recapitalization program under the
          lembar saham Seri C kepada Pemerintah                              Government Regulation No. 52 year 1999.
          Indonesia pada tanggal 7 April 2000 dan 30
          Juni 2000 melalui program rekapitalisasi
          berdasarkan Peraturan Pemerintah No. 52
          tahun 1999.

     d.   Rekapitalisasi                                                d.   Recapitalization

          Pada tanggal 30 Maret 2000, Menteri                                On 30 March 2000, the Ministry of Finance
          Keuangan menyetujui rekapitalisasi BNI                             approved BNI’s recapitalization amounting to
          sebesar Rp61,8 triliun, yang meningkat                             Rp61.8 trillion, which was Rp9 trillion higher
          sebesar Rp9 triliun dibandingkan dengan                            than the amount stated in the Government
          jumlah yang ditetapkan dalam Peraturan                             Regulation No. 52 year 1999. In connection
          Pemerintah No. 52 tahun 1999. Sehubungan                           with the increase in the recapitalization
          dengan peningkatan rekapitalisasi tersebut,                        amount, which was approved in the
          yang telah disetujui melalui Peraturan                             Government Regulation No. 32 year 2000, BNI
          Pemerintah No. 32 tahun 2000, BNI                                  issued additional 44,946,404,500 Class C
          menerbitkan tambahan saham Seri C                                  shares without pre-emptive rights.
          sebanyak 44.946.404.500 saham tanpa Hak
          Memesan Efek Terlebih Dahulu.




                                                    Halaman - 14 - Page
                                                                              Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1139
Page 553
       Performa                   Laporan                  Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                           Fungsi
         2023                    Manajemen              Perusahaan           Manajemen atas Kinerja Bank                Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

       1.   INFORMASI UMUM (lanjutan)                                         1.   GENERAL INFORMATION (continued)

            d.    Rekapitalisasi (lanjutan)                                        d.   Recapitalization (continued)

                  Pada tanggal 20 Juli 2001, modal saham BNI                            On 20 July 2001, BNI’s capital was reduced by
                  berkurang sebanyak 1.965.701.500 saham                                1,965,701,500 Class C shares in connection
                  Seri C sehubungan dengan pengembalian                                 with the refund of excess recapitalization funds
                  kelebihan     dana    rekapitalisasi kepada                           to the Government of Indonesia. The refund
                  Pemerintah Indonesia. Pengembalian tersebut                           was approved by the shareholders at the
                  telah disetujui oleh pemegang saham dalam                             Extraordinary General Shareholders’ Meeting
                  Rapat Umum Pemegang Saham Luar Biasa                                  held on 25 June 2001.
                  pada tanggal 25 Juni 2001.

            e.    Kuasi-reorganisasi                                               e.   Quasi-reorganization

                  Untuk menghilangkan konsekuensi negatif                               In order for BNI to eliminate the negative
                  karena dibebani dengan saldo rugi, BNI                                consequences of being burdened by
                  melakukan      kuasi-reorganisasi    sesuai                           accumulated losses, BNI undertook quasi-
                  keputusan Rapat Umum Pemegang Saham                                   reorganization   as    approved    in   the
                  Luar Biasa (“RUPS-LB”) tanggal 15 Desember                            Extraordinary General Shareholders’ Meeting
                  2003.                                                                 (“RUPS-LB”) on 15 December 2003.

                  Penyesuaian kuasi-reorganisasi yang telah                             The quasi-reorganization adjustments which
                  dibukukan pada tanggal 30 Juni 2003 adalah                            were booked on 30 June 2003 were as follows:
                  sebagai berikut:
                  Akumulasi kerugian                                   (58,905,232)                                    Accumulated losses
                  Cadangan umum dan wajib                                  432,952                               General and legal reserve
                  Cadangan khusus                                          382,541                                           Specific reserve
                  Selisih penilaian kembali aktiva tetap                 1,190,598                         Fixed assets revaluation reserve
                  Laba yang belum direalisasi atas efek-efek                                                Unrealized gain on available for
                    dalam kelompok tersedia untuk dijual                    58,660                                          sale securities
                  Kenaikan penilaian kembali nilai wajar                                                   Revaluation uplift in the fair value
                    aktiva bersih                                        2,472,634                                            of net assets
                  Tambahan modal disetor                                54,367,847                                 Additional paid-in capital

                                                                                   -


                  Anggaran Dasar BNI telah mengalami                                    BNI’s Articles of Association were amended to
                  perubahan sehubungan dengan perubahan                                 reflect the changes in additional paid-in capital
                  tambahan modal disetor karena adanya kuasi-                           as a result of quasi-reorganization, based on
                  reorganisasi sesuai dengan Akta Notaris                               Notarial Deed of Agung Prihatin, S.H., No. 42
                  Agung Prihatin, S.H., No. 42 tanggal 30                               dated 30 December 2003 which was approved
                  Desember 2003 dan telah disahkan oleh                                 by the Minister of Law and Human Rights of
                  Menteri Hukum dan Hak Asasi Manusia                                   the Republic of Indonesia in its decision letter
                  Republik    Indonesia   berdasarkan   surat                           No.       C-29647.HT.01.07.TH.2003         dated
                  keputusan No. C-29647.HT.01.07.TH.2003                                19 December 2003 and was published in the
                  tanggal 19 Desember 2003 dan diumumkan                                State Gazette No. 1152, Supplement No. 9
                  pada Berita Negara Republik Indonesia                                 dated 30 January 2004.
                  No. 1152 tanggal 30 Januari 2004, Tambahan
                  No. 9.

            f.    Penawaran Umum Saham Terbatas II                                 f.   Limited Public Offering II

                  Pada tanggal 30 Juli 2007, pada Rapat Umum                            On 30 July 2007, the Extraordinary General
                  Pemegang Saham Luar Biasa (“RUPSLB”),                                 Shareholders’ Meeting approved the issuance
                  Pemegang Saham telah memutuskan untuk                                 of up to 1,992,253,110 new Class C shares
                  melakukan Penawaran Umum Terbatas II                                  through Limited Public Offering II to
                  kepada para pemegang saham dalam rangka                               shareholders with a par value per share of
                  penerbitan    sampai     dengan    sejumlah                           Rp375 (full amount).
                  1.992.253.110 saham Seri C baru dengan nilai
                  nominal Rp375 (nilai penuh) setiap lembar
                  saham.



                                                               Halaman - 15 - Page
1140   Menduniakan Bisnis Indonesia
Page 554
      Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                         Laporan
       Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                   1.   GENERAL INFORMATION (continued)

     f.   Penawaran          Umum   Saham    Terbatas      II         f.   Limited Public Offering II (continued)
          (lanjutan)

          Setiap pemegang 20 saham lama yang                               Each owner of 20 old shares whose name was
          namanya tercatat dalam Daftar Pemegang                           registered in the List of Shareholders of BNI as
          Saham BNI pada tanggal 9 Agustus 2007                            of 9 August 2007 at 16.00 WIB was entitled to
          pukul 16.00 WIB mempunyai 3 HMETD,                               3 pre-emptive rights where each right entitles
          dimana setiap 1 HMETD memberikan hak                             the owner to buy a new share at the price of
          kepada     pemegangnya    untuk   membeli                        Rp2,025 (full amount) per share. From the
          sebanyak 1 saham baru dengan harga                               Limited Public Offering II, BNI raised
          pelaksanaan Rp2.025 (nilai penuh) setiap                         Rp747,094 additional share capital and
          saham. Dari Penawaran Umum Terbatas II,                          Rp3,287,218 additional paid-in capital and
          BNI mendapatkan tambahan modal disetor                           Rp195,280 shares issuance cost.
          sebesar Rp747.094 dan tambahan agio saham
          sebesar Rp3.287.218 dan biaya emisi
          penerbitan saham sebesar Rp195.280.

          Perdagangan perdana dilaksanakan pada                            The initial trading took place on 13 August
          tanggal 13 Agustus 2007 di Bursa Efek Jakarta                    2007 at the Jakarta Stock Exchange and
          dan Bursa Efek Surabaya (sekarang BEI).                          Surabaya Stock Exchange (currently IDX).

     g.   Penawaran Umum Saham Terbatas III                           g.   Limited Public Offering III

          Pada tanggal 25 November 2010, dalam                             On 25 November 2010, at the Extraordinary
          Rapat Umum Pemegang Saham Luar Biasa                             General     Shareholders’      Meeting,    the
          (RUPSLB),     Pemegang         Saham     telah                   shareholders decided, among other matters,
          memutuskan antara lain untuk menyetujui                          to increase the issued and paid-up capital
          peningkatan modal ditempatkan dan disetor                        through limited public offering (LPO III) with
          BNI melalui Penawaran Umum Terbatas III                          pre-emptive right to shareholders for the
          (PUT III) dengan penerbitan HMETD sebesar                        issuance of 3,374,715,948 new Class C
          3.374.715.948 saham Seri C baru dengan nilai                     shares with a par value per share of Rp375
          nominal Rp375 (nilai penuh) setiap lembar                        (full amount). Such pre-emptive rights can be
          saham.       HMETD         tersebut     dapat                    traded inside and outside the Indonesia Stock
          diperdagangkan di dalam dan di luar Bursa                        Exchange (IDX) starting 10 December 2010
          Efek    Indonesia    (BEI)     mulai  tanggal                    until 16 December 2010, with consideration to
          10 Desember       2010      sampai    dengan                     the existing capital market regulation. From
          16 Desember 2010, dengan memperhatikan                           the LPO III, BNI obtained Rp1,265,519
          ketentuan yang berlaku di bidang pasar modal.                    additional share capital and Rp8,950,869
          Dari PUT III tersebut, BNI mendapatkan                           additional paid-in capital, net of shares
          tambahan modal disetor sebesar Rp1.265.519                       issuance cost.
          dan tambahan agio saham, bersih setelah
          dikurangkan dengan biaya emisi penerbitan
          saham, sebesar Rp8.950.869.

     h.   Pemecahan nilai nominal saham BNI                           h.   Stock split of BNI

          Berdasarkan keputusan RUPSLB tanggal 19                          Based on the decision of the Extraordinary
          September 2023 yang dituangkan dalam Akta                        General Meeting of Shareholders (RUPSLB)
          No. 18, tanggal 19 September 2023, yang                          dated 19 September 2023, as stated in Deed
          dibuat dihadapan Ashoya Ratam SH, M.kn,                          No. 18 dated 19 September 2023, as recorded
          pemegang saham BNI antara lain menyetujui                        in the Notarial Deed of Ashoya Ratam, SH,
          pemecahan nilai nominal saham (stock split)                      M.Kn., the shareholders of BNI, among others,
          Bank dengan rasio 1:2 yang berlaku efektif                       approved the nominal value split (stock split)
          pada tanggal 10 Oktober 2023 (lihat Catatan                      of the bank with a ratio of 1:2, effective from
          33).                                                             10 October 2023 (see Note 33).




                                                    Halaman - 16 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1141
Page 555
       Performa                             Laporan                          Profil
                                                                PT BANK NEGARA                   Analisa dan Pembahasan
                                                                                     INDONESIA (PERSERO)        Tbk                                                                     Fungsi
         2023                              Manajemen                      Perusahaan           Manajemen atas Kinerja Bank                                                          Penunjang Bisnis
                                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                    (Expressed in millions of Rupiah, unless otherwise stated)

       1.   INFORMASI UMUM (lanjutan)                                                                            1.      GENERAL INFORMATION (continued)

            i.    Organisasi dan Struktur Manajemen                                                                      i.   Organizational and Management Structure

                  Susunan Dewan Komisaris dan Direksi BNI                                                                     The composition        of     the Boards of
                  pada tanggal 31 Desember 2023 dan                                                                           Commissioners and Directors of BNI as of
                  31 Desember 2022 yang ditetapkan masing-                                                                    31 December 2023 and 31 December 2022
                  masing berdasarkan RUPS Luar Biasa BNI                                                                      based on BNI’s Extraordinary Shareholders’
                  tanggal 19 September 2023 yang dinyatakan                                                                   General Meeting held on 19 September 2023
                  dengan Akta Notaris No. 18 tanggal 19                                                                       as stated under the Notarial Deed No. 18
                  September 2023 dan RUPS Tahunan BNI                                                                         dated 19 September 2023 and BNI’s Annual
                  tanggal 15 Maret 2023 yang dinyatakan                                                                       Shareholders’ General Meeting held on 15
                  dengan Akta Notaris No. 17 adalah sebagai                                                                   March 2023 as stated on Notarial Deed No.
                  berikut:                                                                                                    17, respectively, are as follows:
                                                                                                   31 Desember/December 2023

                  Dewan Komisaris                                                                                                                                         Board of Commissioners
                  Komisaris Utama/                                                                                                                                         President Commissioner/
                    Komisaris Independen                                                                    Pradjoto1)                                                Independent Commissioner
                  Wakil Komisaris Utama                                                                                                                               Vice President Commissioner/
                    Komisaris Independen                                                            Pahala Nugraha Mansury2)                                          Independent Commissioner
                  Komisaris Independen                                                                   Sigit Widyawan                                                  Independent Commissioner
                  Komisaris Independen                                                                   Asmawi Syam                                                     Independent Commissioner
                  Komisaris Independen                                                                 Septian Hario Seto                                                Independent Commissioner
                  Komisaris Independen                                                                    Iman Sugema                                                    Independent Commissioner
                  Komisaris Independen                                                                Erwin Rijanto Slamet                                               Independent Commissioner
                  Komisaris                                                                                 Askolani                                                                 Commissioner
                  Komisaris                                                                                 Susyanto                                                                 Commissioner
                  Komisaris                                                                            Fadlansyah Lubis                                                              Commissioner
                  Komisaris                                                                            Robertus Billitea3)                                                           Commissioner

                                                                                                   31 Desember/December 2023

                  Direksi                                                                                                                                            Board of Directors
                  Direktur Utama                                                                         Royke Tumilaar                                         President Director (CEO)
                  Wakil Direktur Utama                                                                   Adi Sulistyowati                                         Vice President Director
                  Direktur Finance                                                                    Novita Widya Anggraini                         Managing Director - Finance (CFO)
                  Direktur Wholesale                                                                                                                     Managing Director - Wholesale
                     & International Banking                                                         Silvano Winston Rumantir                                 & International Banking
                  Direktur Enterprise & Commercial                                                                                                                   Managing Director -
                     Banking                                                                            Sis Apik Wijayanto                         Enterprise & Commercial Banking
                  Direktur Risk Management                                                                David Pirzada                           Managing Director - Risk Management
                  Direktur Institutional Banking                                                        Muhammad Iqbal                          Managing Director - Institutional Banking
                  Direktur Network &                                                                                                                     Managing Director - Network &
                     Services                                                                              Ronny Venir                                                        Services
                  Direktur Digital & Integrated                                                                                                  Managing Director - Digital & Integrated
                     Transaction Banking                                                              Corina Leyla Karnalies                                      Transaction Banking
                  Direktur Retail Banking                                                            Putrama Wahju Setyawan                          Managing Director - Retail Banking
                  Direktur Technology & Operations                                                        Toto Prasetio                      Managing Director - Technology & Operation
                  Direktur Human Capital &                                                                                                         Managing Director - Human Capital &
                     Compliance                                                                             Mucharom                                                       Compliance

                                                                                                   31 Desember/December 2023

                  Komite Audit*)                                                                                                                                                        Audit Committee*)
                  Ketua                                                                                   Asmawi Syam                                                                           Chairman
                  Anggota                                                                                Sigit Widyawan                                                                          Member
                  Anggota                                                                                 Iman Sugema                                                                            Member
                  Anggota                                                                                Human Brillianto                                                                        Member
                  Anggota                                                                               Suhendi Muharam                                                                          Member
                  1.   Efektif setelah mendapatkan persetujuan dari Otoritas Jasa Keuangan (OJK)                                1. Effectively after the issuance of approval from Financial Service Authority
                  2.   Efektif setelah mendapatkan persetujuan dari Otoritas Jasa Keuangan (OJK)                                2. Effectively after the issuance of approval from Financial Service Authority
                  3.   Efektif bergabung sejak 11 September 2023                                                                3. Effectively joined since 11 September 2023

                  *)   Pembentukan Komite Audit Bank telah dilakukan sesuai dengan peraturan OJK No.                            *) The formation of Audit Committee is in accordance with Financial Service Authority
                       55/POJK.04/2015 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite                                    rule No. 55/POJK.04/2015 regarding the Establishment and Guidelines for the Work
                       Audit.                                                                                                      Implementation of the Audit Committee.




                                                                                              Halaman - 17 - Page
1142   Menduniakan Bisnis Indonesia
Page 556
      Permodalan & Praktik                     Tata Kelola     Tanggung Jawab
                                                     PT BANK NEGARA           Sosial
                                                                         INDONESIA       Komitmen Tbk
                                                                                     (PERSERO)                                                             Laporan
       Manajemen Risiko                        Perusahaan         dan Lingkungan           ESG                                                            Keuangan
                                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                               FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                               31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                 (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                                                          1.   GENERAL INFORMATION (continued)

     i.   Organisasi                dan          Struktur             Manajemen                              i.     Organizational and Management Structure
          (lanjutan)                                                                                                (continued)

                                                                                  31 Desember/December 2022

          Dewan Komisaris                                                                                                                                     Board of Commissioners
          Komisaris Utama/                                                                                                                                     President Commissioner/
            Komisaris Independen                                           Agus Dermawan Wintarto Martowardojo1)                                          Independent Commissioner
          Wakil Komisaris Utama                                                                                                                                          Vice President
            Komisaris                                                                           Pradjoto                                                               Commissioner
          Komisaris Independen                                                              Sigit Widyawan                                                   Independent Commissioner
          Komisaris Independen                                                               Asmawi Syam                                                     Independent Commissioner
          Komisaris Independen                                                             Septian Hario Seto                                                Independent Commissioner
          Komisaris Independen                                                               Iman Sugema                                                     Independent Commissioner
          Komisaris Independen                                                            Erwin Rijanto Slamet                                               Independent Commissioner
          Komisaris                                                                             Askolani                                                                 Commissioner
          Komisaris                                                                            Susyanto                                                                  Commissioner
          Komisaris                                                                        Fadlansyah Lubis                                                              Commissioner

                                                                                  31 Desember/December 2022

          Direksi                                                                                                                                          Board of Directors
          Direktur Utama                                                                    Royke Tumilaar                                            President Director (CEO)
          Wakil Direktur Utama                                                              Adi Sulistyowati                                            Vice President Director
          Direktur Finance                                                               Novita Widya Anggraini                            Managing Director - Finance (CFO)
          Direktur Corporate                                                                                                                    Managing Director - Corporate
             & International Banking                                                   Silvano Winston Rumantir                                     & International Banking
          Direktur Institutional                                                                                                                           Managing Director -
             Banking                                                                           Sis Apik Wijayanto                                       Institutional Banking
          Direktur Risk Management                                                               David Pirzada                         Managing Director - Risk Management
          Direktur Enterprise &                                                                                                              Managing Director - Enterprise &
             Commercial Banking                                                                Muhammad Iqbal                                             Commercial Banking
          Direktur Network &                                                                                                                   Managing Director - Network &
             Services                                                                             Ronny Venir                                                         Services
          Direktur Consumer                                                                                                                    Managing Director - Consumer
             Banking                                                                    Corina Leyla Karnalies                                                        Banking
          Direktur Treasury                                                            Putrama Wahju Setyawan                                    Managing Director - Treasury
          Direktur Technology & Operation                                                   Toto Prasetio                          Managing Director - Technology & Operation
          Direktur Human Capital &                                                                                                       Managing Director - Human Capital &
             Compliance                                                                           Mucharom                                                        Compliance

                                                                                  31 Desember/December 2022

          Komite Audit*)                                                                                                                                                   Audit Committee*)
          Ketua                                                                                  Asmawi Syam                                                                       Chairman
          Anggota                                                                               Sigit Widyawan                                                                      Member
          Anggota                                                                                Iman Sugema                                                                        Member
          Anggota                                                                               Human Brilianto                                                                     Member
          Anggota                                                                              Suhendi Muharam                                                                      Member
          1.   Masa jabatan berakhir pada 19 September 2023                                                           1. Effective term of office ended on 19 September 2023

          *)   Pembentukan Komite Audit Bank telah dilakukan sesuai dengan peraturan OJK No.                          *) The formation of Audit Committee is in accordance with Financial Service Authority
               55/POJK.04/2015 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite                                  rule No. 55/POJK.04/2015 regarding the Establishment and Guidelines for the Work
               Audit.                                                                                                    Implementation of the Audit Committee.



          Pada tanggal 31 Desember 2023 dan                                                                         As of 31 December 2023 and 2022, BNI’s
          2022, Sekretaris Perusahaan BNI adalah Okki                                                               Corporate Secretary is Okki Rushartomo
          Rushartomo Budiprabowo.                                                                                   Budiprabowo.




                                                                                 Halaman - 18 - Page
                                                                                                                    Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk                             1143
Page 557
       Performa                          Laporan                    Profil
                                                       PT BANK NEGARA                   Analisa dan Pembahasan
                                                                            INDONESIA (PERSERO)        Tbk                                    Fungsi
         2023                           Manajemen                Perusahaan           Manajemen atas Kinerja Bank                         Penunjang Bisnis
                                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                           31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)

       1.   INFORMASI UMUM (lanjutan)                                                      1.     GENERAL INFORMATION (continued)

            i.    Organisasi              dan       Struktur        Manajemen                     i.    Organizational and Management Structure
                  (lanjutan)                                                                            (continued)

                  Jumlah pegawai BNI adalah sebagai berikut                                             The number of employees of BNI is as follows
                  (tidak diaudit):                                                                      (unaudited):
                                                            Tetap/               Tidak tetap/
                                                          Permanent             Non-permanent               Total
                  31 Desember 2023                                  25,460                2,110                     27,570                       31 December 2023
                  31 Desember 2022                                  25,334                1,836                     27,170                       31 December 2022

                  Kantor pusat BNI berlokasi di Jl. Jend.                                               BNI’s head office is located at Jl. Jend.
                  Sudirman Kav. 1, Jakarta. Pada tanggal                                                Sudirman Kav. 1, Jakarta. As of 31 December
                  31 Desember 2023, BNI memiliki 17 kantor                                              2023, BNI has 17 regional offices, 195
                  wilayah, 195 kantor cabang, 1.090 kantor                                              domestic branches, 1,090 sub-branches and
                  layanan serta 820 outlet lainnya (31 Desember                                         820 other outlets (31 December 2022: 17
                  2022: 17 kantor wilayah, 195 kantor cabang,                                           regional offices, 195 domestic branches, 1,094
                  1.094 kantor layanan serta 843 outlet lainnya)                                        sub-branches and 843 other outlets)
                  (tidak diaudit). Selain itu, BNI juga memiliki                                        (unaudited). In addition, BNI has a presence in
                  jaringan di luar negeri melalui 6 kantor cabang                                       overseas through 6 overseas branches located
                  luar negeri yang berada di pusat keuangan                                             in the global financial center located in
                  dunia yaitu Singapura, Hong Kong, Tokyo,                                              Singapore, Hong Kong, Tokyo, London, New
                  London, New York dan Seoul. Di samping itu,                                           York and Seoul. Further than that, BNI also
                  BNI juga memiliki 2 kantor perwakilan di Osaka                                        has 2 representative offices in Osaka and
                  dan Amsterdam, serta 2 Limited Purpose                                                Amsterdam, and 2 Limited Purpose Branch in
                  Branch di Singapura.                                                                  Singapore.

            j.    Entitas Anak                                                                    j.    Subsidiaries

                  BNI mempunyai kepemilikan langsung pada                                               BNI has direct ownership in the following
                  Entitas Anak berikut:                                                                 Subsidiaries:
                                                                         Tahun Mulai
                                                                          Beroperasi            Persentase Kepemilikan/                   Total Aset/
                                                                          Komersial/            Percentage of Ownership                  Total Assets
                                                                         Year Started
                  Nama Perusahaan/                  Kegiatan Usaha/      Commercial     31 Desember /         31 Desember/      31 Desember /       31 Desember/
                  Company Name                      Business Activity    Operations     December 2023        December 2022      December 2023      December 2022

                  PT BNI Life Insurance                 Asuransi jiwa/
                                                        Life insurance        1997                 60.00%              60.00%       24,972,042           23,322,020
                  PT BNI Multifinance                    Pembiayaan/
                                                             Financing        1983                 99.99%              99.99%        3,788,690               1,028,686
                  PT BNI Sekuritas dan
                     Entitas Anak/and
                     Subsidiaries                Sekuritas/Securities        1995                  75.00%              75.00%        2,383,585               1,634,408
                  BNI Remittance Ltd.               Jasa keuangan/
                                                  Financial services          1998                100.00%             100.00%           11,537               18,193
                  PT Bank Hibank                 Perbankan/Banking            1993                 63.92%              63.92%       14,615,844           11,611,753
                  PT BNI Modal Ventura          Permodalan ventura/
                                                     Venture capital          2022                 99.98%              99.98%         511,415                 505,111

                  Semua Entitas Anak BNI berkedudukan di                                                All of the Subsidiaries of BNI are domiciled in
                  Jakarta, kecuali BNI Remittance Ltd.                                                  Jakarta, except for BNI Remittance Ltd. which
                  berkedudukan di Hong Kong.                                                            is domiciled in Hong Kong.

                  PT BNI Life Insurance (“BNI Life”)                                                    PT BNI Life Insurance (“BNI Life”)

                  BNI Life pada awalnya didirikan dengan nama                                           BNI Life was originally established under the
                  PT Asuransi Jiwa BNI Jiwasraya berdasarkan                                            name PT Asuransi Jiwa BNI Jiwasraya based
                  Akta Notaris No. 24 tanggal 28 November                                               on Notarial Deed No. 24 dated 28 November
                  1996. Pada tanggal 26 November 2004,                                                  1996. On 26 November 2004, PT Asuransi
                  PT Asuransi Jiwa BNI Jiwasraya telah                                                  Jiwa BNI Jiwasraya changed its name to
                  mengubah nama menjadi PT BNI Life                                                     PT BNI Life Insurance.
                  Insurance.




                                                                             Halaman - 19 - Page
1144   Menduniakan Bisnis Indonesia
Page 558
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                  1.   GENERAL INFORMATION (continued)

     j.   Entitas Anak (lanjutan)                                    j.   Subsidiaries (continued)

          PT BNI Life Insurance (“BNI Life”) (lanjutan)                   PT BNI Life             Insurance         (“BNI       Life”)
                                                                          (continued)

          Sesuai dengan pasal 3 Anggaran Dasar BNI                        In accordance with Article 3 of BNI Life’s
          Life, ruang lingkup kegiatan BNI Life adalah                    Articles of Association, the scope of BNI Life’s
          menjalankan usaha-usaha dalam bidang                            activities is to engage in life insurance
          asuransi jiwa termasuk usaha asuransi jiwa                      business including life insurance business
          dengan prinsip syariah. BNI Life memperoleh                     under sharia principle. BNI Life obtained its
          izin usaha sebagai perusahaan asuransi                          operating license as a life insurance company
          jiwa    berdasarkan     Keputusan     Menteri                   based on the Minister of Finance of the
          Keuangan Republik Indonesia No. Kep-                            Republic of Indonesia Decree No. Kep-
          305/KMK.017/1997 tanggal 7 Juli 1997.                           305/KMK.017/1997 dated 7 July 1997.

          Kantor pusat BNI Life berlokasi di Centennial                   BNI Life’s head office is located in Centennial
          Tower, Lantai 9, 10, dan 11 Jl. Gatot Subroto                   Tower, 9th,10th, and 11th floor Jl. Gatot Subroto
          Kav. 24-25, Jakarta 12930. Pada tanggal                         Kav.    24-25,     Jakarta    12930.      As   of
          31 Desember 2023, BNI Life memiliki 14                          31 December 2023, BNI Life has 14 marketing
          kantor pemasaran dan 5 kantor pemasaran                         offices and 5 personal marketing offices
          mandiri (31 Desember 2022: 12 kantor                            (31 December 2022: 12 marketing offices and
          pemasaran dan 10 kantor pemasaran mandiri)                      10 personal marketing offices) located in
          yang tersebar di beberapa kota di Indonesia                     various cities in Indonesia (unaudited) and
          (tidak diaudit) dan memiliki karyawan                           has 722 employees as of 31 December 2023
          sebanyak      722    orang   pada     tanggal                   (31 December 2022: 733 employees)
          31 Desember 2023 (31 Desember 2022: 733                         (unaudited).
          karyawan) (tidak diaudit).

          PT BNI Multifinance (“BNI Multifinance”)                        PT BNI Multifinance (“BNI Multifinance”)

          Sesuai dengan Pasal 3 Anggaran Dasar BNI                        In accordance with Article 3 of BNI
          Multifinance, ruang lingkup kegiatan BNI                        Multifinance’s Articles of Association, the
          Multifinance adalah menjalankan kegiatan                        scope of the BNI Multifinance’s activities
          dalam      bidang  pembiayaan    investasi,                     involves investment financing, working capital
          pembiayaan modal kerja, pembiayaan multi                        financing,    multipurpose   financing   and
          guna dan sewa operasi.                                          operating lease.

          Anggaran Dasar BNI Multifinance telah                           BNI Multfifinance’s Articles of Association has
          mengalami      beberapa   kali   perubahan.                     been amended several times. The latest
          Perubahan terakhir Anggaran Dasar PT BNI                        amendment of PT BNI Multifinance’s Articles
          Multifinance dilakukan antara lain tentang                      of Association was made regarding domicile
          perubahan tempat kedudukan sesuai dengan                        changes based on Notarial Deed No. 31 dated
          Akta Notaris No. 31 tanggal 18 Agustus 2023                     18 August 2023 of Notary I Gede Buda
          dari Notaris I Gede Buda Gunamanta, S.H.,                       Gunamanta, S.H., and has been approved by
          dan telah mendapat persetujuan dari Menteri                     the Minister of Laws and Human Rights of the
          Hukum dan Hak Asasi Manusia Republik                            Republic of Indonesia, in its Decision
          Indonesia, dengan Surat Keputusan No. AHU-                      Letter No.    AHU-0048768.AH.01.02        dated
          0048768.AH.01.02 tanggal 19 Desember                            19 December 2023.
          2023.

          Kantor pusat BNI Multifinance berlokasi di                      BNI Multifinance head office is located in
          Gedung Graha Binakarsa, lantai 11 Lot. E-F                      Gedung Graha Binakarsa, 11th Lot E-F and
          dan lantai 12, Jl. HR Rasuna Said, Kav C-18                     12th floor, Jl. HR Rasuna Said, Kav C-18
          Kuningan, Jakarta Selatan 12940. Pada                           Kuningan,        South       Jakarta     12940.
          tanggal 31 Desember 2023, BNI Multifinance                      As of 31 December 2023, BNI Multifinance has
          memiliki 17 outlet cabang dan 33 cabang                         17     branches      and    33     sub-branches
          pembantu (31 Desember 2022: 9 outlet                            (31 December 2022: 9 branches) located in
          cabang) tersebar di beberapa kota di                            various cities in Indonesia (unaudited) and had
          Indonesia (tidak diaudit) dan memiliki 522 dan                  522 and 243 employees as of 31 December
          243 karyawan masing-masing pada tanggal                         2023 (unaudited) and 31 December 2022
          31 Desember 2023 (tidak diaudit) dan                            (audited).
          31 Desember 2022 (diaudit).


                                                    Halaman - 20 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1145
Page 559
       Performa                 Laporan                  Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen              Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       1.   INFORMASI UMUM (lanjutan)                                       1.   GENERAL INFORMATION (continued)

            j.    Entitas Anak (lanjutan)                                        j.   Subsidiaries (continued)

                  PT BNI Sekuritas (“BNI Sekuritas”) dan                              PT BNI Sekuritas (“BNI Sekuritas”) and
                  Entitas Anak                                                        Subsidiary

                  BNI Sekuritas didirikan berdasarkan Akta                            BNI Sekuritas was established by virtue of
                  Notaris No. 22 tanggal 12 April 1995 dari                           Notarial Deed No. 22 dated 12 April 1995 of
                  Koesbiono Sarmanhadi, S.H., di Jakarta. Akta                        Koesbiono Sarmanhadi, S.H., in Jakarta. The
                  tersebut kemudian diubah dengan Akta Notaris                        deed was amended by Notarial Deed No. 39
                  No. 39 dari notaris yang sama tanggal 3 Mei                         dated 3 May 1995 of the same notary. The
                  1995. Akta pendirian dan perubahannya                               Deed of Establishment and amendment
                  disahkan oleh Menteri Kehakiman Republik                            thereon were approved by the Decision Letter
                  Indonesia     dalam       Surat  Keputusan                          of the Minister of Justice of the Republic of
                  No. C2-6278.HT.01.01.Th.95 tanggal 19 Mei                           Indonesia No. C2-6278.HT.01.01.Th.95 dated
                  1995, serta diumumkan dalam Berita Negara                           19 May 1995 and was published in the State
                  Republik Indonesia No. 55, Tambahan                                 Gazette No. 55, Supplement No. 5804 dated
                  No. 5804 tanggal 11 Juli 1995.                                      11 July 1995.

                  Berdasarkan Pasal 3 dari Anggaran Dasar BNI                         In accordance with Article 3 of BNI Sekuritas’
                  Sekuritas, ruang lingkup kegiatan usahanya                          Articles of Association, the scope of its
                  meliputi perdagangan efek, termasuk di                              business activities comprises of securities
                  dalamnya bertindak sebagai penjamin dan                             trading, including investment underwriting and
                  penasehat investasi dan kegiatan lain yang                          advisory investment and other related activities
                  berhubungan dengan kegiatan tersebut                                allowed by Financial Service Authority (OJK),
                  dengan memperhatikan peraturan Otoritas                             previously the Capital Market and Financial
                  Jasa Keuangan (OJK), dahulu Badan                                   Institutions Supervisory Agency (Bapepam and
                  Pengawas Pasar Modal dan Lembaga                                    LK) and other regulations.
                  Keuangan (Bapepam dan LK) dan peraturan
                  perundang-undangan lain yang berlaku.

                  BNI Sekuritas memiliki 99.90% dari jumlah                           BNI Sekuritas owns 99,90% of the total share
                  saham PT BNI Asset Management (“BNI Asset                           capital of PT BNI Asset Management (“BNI
                  Management”), entitas anak yang didirikan                           Asset Management”), a subsidiary established
                  tanggal 28 Maret 2011 dan bergerak di bidang                        on 28 March 2011 and engaged in investment
                  manajemen dan penasehat investasi.                                  management and advisory activities.

                  BNI Sekuritas memiliki 100.00% dari jumlah                          BNI Sekuritas owns 100,00% of the total share
                  saham BNI Securities Pte. Ltd. (“BSPL”) yang                        capital of BNI Securities Pte. Ltd. (“BSPL”)
                  didirikan pada tanggal 22 Maret 2021 dan                            which was established on 22 March 2021 and
                  telah mendapat izin dari Monetary Authority                         had obtained licensed issued by Monetary
                  Singapore (MAS) pada tanggal 8 September                            Authority Singapore (MAS) on 8 September
                  2021.                                                               2021.

                  Kantor pusat BNI Sekuritas berlokasi di                             BNI Sekuritas’ head office is located in
                  Sudirman Plaza Indofood Tower, lantai 16,                           Sudirman Plaza Indofood Tower, 16th floor,
                  Jl. Jenderal Sudirman Kav. 76-78, Jakarta                           Jl. Jenderal Sudirman Kav. 76-78, Jakarta
                  12910, Indonesia. Pada tanggal 31 Desember                          12910, Indonesia. As of 31 December 2023,
                  2023, Perusahaan memiliki 19 outlet cabang                          the Company has 19 outlets located in various
                  yang tersebar di beberapa kota di Indonesia                         cities in Indonesia (2022: 24 outlets)
                  (2022: 24 outlet cabang) (tidak diaudit).                           (unaudited). The Company has 286 and 269
                  Perusahaan memiliki karyawan tetap sebanyak                         permanent employees as of 31 December
                  286 dan 269 orang masing-masing pada                                2023 and 2022, respectively (unaudited).
                  tanggal 31 Desember 2023 dan 2022 (tidak
                  diaudit).




                                                            Halaman - 21 - Page
1146   Menduniakan Bisnis Indonesia
Page 560
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                  1.   GENERAL INFORMATION (continued)

     j.   Entitas Anak (lanjutan)                                    j.   Subsidiaries (continued)

          BNI    Remittance       Ltd.    (dahulu      BNI                BNI Remittance               Ltd.      (formerly        BNI
          Nakertrans)                                                     Nakertrans)

          BNI Remittance Ltd. telah menambah                              On 11 June 2009, BNI Remittance Ltd.
          modalnya sebesar HKD7.434.944 (nilai penuh)                     increased its capital by HKD7,434,944 (full
          setara dengan Rp10.000 pada tanggal 11 Juni                     amount) equivalent to Rp10,000, which was
          2009 yang dicatat menggunakan metode                            recorded using the cost method. The main
          biaya. Kantor pusat BNI Remittance Ltd.                         office of BNI Remittance Ltd. is located in
          berada di Causeway Bay, Hong Kong dan                           Causeway Bay, Hong Kong and has 6 and 6
          memiliki karyawan sebanyak 6 dan 6 orang                        employees as of 31 December 2023 and
          pada tanggal 31 Desember 2023 dan 31                            31 December 2022, respectively (unaudited).
          Desember 2022 (tidak diaudit).

          PT Bank Hibank Indonesia (dahulu PT Bank                        PT Bank Hibank                 Indonesia        (formerly
          Mayora)                                                         PT Bank Mayora)

          PT Bank Mayora didirikan pada tahun 1993                        PT Bank Mayora was established in 1993
          berdasarkan Akta No.14 tanggal 25 Februari                      based on Notarial Deed No. 14 dated 25
          1993 dari Dr. Widjojo Wilami, S.H., notaris di                  February 1993 of Dr. Widjojo Wilami, S.H.,
          Jakarta. Akta pendirian ini telah mendapat                      public notary in Jakarta. The Deed of
          pengesahan dari Menteri Kehakiman Republik                      Establishment was approved by the Minister of
          Indonesia melalui Surat Keputusannya No.C2-                     Justice of the Republic of Indonesia in his
          2108.HT.01.01.Th.1993 tanggal 10 April 1993                     Decision         Letter       No.        C2-
          serta diumumkan dalam Berita Negara                             2108.HT.01.01.Th.1993 dated 10 April 1993
          Republik Indonesia No.44, tanggal 2 Juni                        and published in the State Gazette of the
          1993, Tambahan No.2457. Anggaran Dasar                          Republic of Indonesia No.44 dated 2 June
          PT Bank Mayora telah mengalami beberapa                         1993, Supplement No.2457. Bank Mayora’s
          kali perubahan. Perubahan terakhir Anggaran                     Articles of Association has been amended
          Dasar PT Bank Mayora dilakukan antara lain                      several times. The latest amendment of PT
          tentang perubahan penamaan perseroan                            Bank Mayora’s Articles of Association was
          menjadi PT Bank Hibank Indonesia sesuai                         made regarding change its name to PT Bank
          dengan Akta Notaris No. 42 tanggal                              Hibank Indonesia based on Notarial Deed No.
          11 April 2023 dari Jose Dima Satria, SH.,                       42 dated 11 April 2023 of Notary Jose Dima
          M.KN. dan telah mendapat persetujuan dari                       Satria, SH., M.KN. and has been approved by
          Menteri Hukum dan Hak Asasi Manusia                             the Minister of Laws and Human Rights of the
          Republik Indonesia, dengan Surat Keputusan                      Republic of Indonesia, in its Decision Letter
          No. AHU-0022392.AH.01.02 tanggal 14 April                       No. AHU-0022392.AH.01.02 dated 14 April
          2023.                                                           2023.

          PT Bank Hibank Indonesia tergabung dalam                        PT Bank Hibank Indonesia incorporated in the
          Kelompok     Usaha    Bank     (KUB)     BNI                    BNI Bank Business Group (KUB) as an
          sebagaimana penegasan terhadap rencana                          affirmation of the plan to establish a BNI KUB
          pembentukan KUB BNI yang disampaikan oleh                       by the Financial Services Authority (OJK)
          Otoritas Jasa Keuangan cfm. Surat OJK                           confirmed by OJK Letter No. S-83/PB.31/2022
          No. S-83/PB.31/2022 tanggal 23 Mei 2022 dan                     dated 23 May 2022 and became a Financial
          menjadi bagian dari anggota Lembaga Jasa                        Services Institution member of the BNI
          Keuangan Konglomerasi Keuangan BNI                              Financial Conglomerate as recorded in the
          sebagaimana telah dicatat dalam administrasi                    OJK supervision administration confirmed by
          pengawasan     OJK     cfm.    Surat     OJK                    OJK Letter No. S-88/PB.31/2022 dated 9 June
          No. S-88/PB.31/2022 tanggal 9 Juni 2022.                        2022.

          Sesuai dengan Surat Keputusan Bank                              In accordance with the Decree of Bank
          Indonesia No.15/5/KEP.DpG/2013 tanggal                          Indonesia    No.15/5/KEP.DpG/2013   dated
          7 Mei 2013, Bank memperoleh peningkatan                         7 May 2013, the Bank was authorized to
          status menjadi Bank Devisa.                                     operate as a Foreign Exchange Bank.




                                                    Halaman - 22 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1147
Page 561
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       1.   INFORMASI UMUM (lanjutan)                                       1.   GENERAL INFORMATION (continued)

            j.    Entitas Anak (lanjutan)                                        j.   Subsidiaries (continued)

                  PT Bank Hibank Indonesia (dahulu PT Bank                            PT Bank Hibank Indonesia                 (formerly
                  Mayora) (lanjutan)                                                  PT Bank Mayora) (continued)

                  Kantor pusat PT Bank Hibank Indonesia                               PT Bank Hibank Indonesia head office is
                  berlokasi di Jakarta dengan alamat di Jalan                         located in Jakarta, Jalan Tomang Raya Kav.
                  Tomang Raya Kav. 21-23, Jakarta Barat. Pada                         21-23, Jakarta Barat. As of 31 December 2023
                  tanggal 31 Desember 2023 dan 2022, Hibank                           and 2022, Hibank has 3 branches, 28 sub-
                  memiliki 3 kantor cabang, 28 kantor cabang                          branches and 1 other outlets (unaudited) (31
                  pembantu dan 1 KP non operasional (tidak                            December 2022: 3 branches, 25 sub-
                  diaudit) (31 Desember 2022: 3 kantor cabang,                        branches, 8 other outlets) and has 676
                  25 kantor cabang pembantu, dan 8 kantor kas)                        employees as of 31 December 2023 (31
                  serta memiliki karyawan sebanyak 676 orang                          December 2022: 621 employees) (unaudited).
                  pada tanggal 31 Desember 2023 (31
                  Desember 2022: 621 orang) (tidak diaudit).

                  PT BNI Modal Ventura (‘’BNI Ventures’’)                             PT BNI Modal Ventura (‘’BNI Ventures’’)

                  BNI Ventures didirikan pada tahun 2022                              BNI Ventures was established in 2022 based
                  berdasarkan Akta No. 17 tanggal 12 April 2022                       on Deed No. 17 dated 12 April 2022 from
                  dari Ariani L. Rachim, notaris di Jakarta. Akta                     Ariani L. Rachim, a notary in Jakarta. This
                  pendirian ini telah mendapatkan pengesahan                          deed of establishment has been approved by
                  dari Menteri Hukum dan Hak Asasi Manusia                            the Minister of Law and Human Rights of the
                  Republik Indonesia yang tertuang dalam Surat                        Republic of Indonesia as stated in Letter
                  No. AHU-0027437.AH.01.01.TAHUN 2022                                 No. AHU-0027437.AH.01.01.TAHUN 2022
                  tanggal 19 April 2022 serta diumumkan dalam                         dated 19 April 2022 and announced in the
                  Berita Negara Republik Indonesia No.032                             State Gazette of the Republic of Indonesia
                  Tambahan Berita Negara RI No.014450                                 No.032 Supplement to the State Gazette of the
                  tanggal 22 April 2022.                                              Republic of Indonesia No.014450 dated
                                                                                      22 April 2022.

                  Berdasarkan pasal 3 dari Anggaran Dasar BNI                         Based on article 3 of the Articles of
                  Ventures, ruang lingkup kegiatan usahanya                           Association of BNI Ventures, the scope of its
                  mencakup usaha modal ventura yang                                   business activities includes conventional
                  diselenggarakan secara konvensional, dengan                         venture capital ventures, with business
                  kegiatan usaha meliputi penyertaan saham                            activities including equity participation, equity
                  (equity participation), penyertaan melalui                          participation through the purchase of bonds
                  pembelian obligasi (quasi equity participation),                    (quasi equity participation), financing through
                  pembiayaan melalui pembelian surat utang                            the purchase of issued debt securities by
                  yang diterbitkan pasangan usaha pada tahap                          business partners at the initial startup stage
                  rintisan      awal     (startup)      dan/atau                      and/or      business    development,       and/or
                  pengembangan usaha, dan/atau pembiayaan                             productive business financing. In carrying out
                  usaha produktif. Dalam melakukan kegiatan                           its business activities, the BNI Ventures can
                  usahanya, BNI Ventures dapat mengelola                              manage venture funds. In addition to venture
                  dana ventura. Selain usaha modal ventura,                           capital businesses, BNI Ventures can also
                  BNI Ventures juga dapat menyelenggarakan                            carry out other business activities, namely fee-
                  kegiatan usaha lain yaitu kegiatan jasa                             based service activities and/or other business
                  berbasis fee dan/atau kegiatan usaha lain                           activities with the approval of the Financial
                  dengan persetujuan Otoritas Jasa Keuangan                           Services Authority (OJK). BNI Ventures has
                  (OJK). BNI Ventures telah mendapatkan izin                          obtained a business license from OJK on
                  usaha dari OJK pada tanggal 27 Januari 2023.                        27 January 2023.




                                                            Halaman - 23 - Page
1148   Menduniakan Bisnis Indonesia
Page 562
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                  1.   GENERAL INFORMATION (continued)

     j.   Entitas Anak (lanjutan)                                    j.   Subsidiaries (continued)

          PT BNI Modal Ventura (‘’BNI Ventures’’)                         PT BNI Modal Ventura (‘’BNI Ventures’’)
          (lanjutan)                                                      (continued)

          Kantor pusat BNI Ventures berlokasi di Jakarta                  BNI Ventures head office is located in Jakarta,
          dengan alamat di Menara BNI Lt. 2,                              at Menara BNI Lt. 2, Jl. Pejompongan Raya
          Jl. Pejompongan Raya No.7, Tanah Abang,                         No.7, Tanah Abang, Central Jakarta. BNI
          Jakarta Pusat. BNI Ventures memiliki                            Ventures had 12 employees and 5 employees
          karyawan sebanyak 12 orang dan 5 orang                          as of 31 December 2023 and 2022
          masing-masing pada tanggal 31 Desember                          (unaudited).
          2023 dan 2022 (tidak diaudit).

     k.   Entitas Asosiasi                                           k.   Associates
          PT Bank Syariah Indonesia Tbk                                   PT Bank Syariah Indonesia Tbk

          BNI Syariah didirikan dengan Akta Pendirian                     BNI Syariah was established based on
          Nomor 160 tanggal 22 Maret 2010 yang dibuat                     Establishment Deed No. 160 dated 22 March
          di hadapan Aulia Taufani, S.H., sebagai                         2010 which was notarized by Aulia Taufani,
          Pengganti Sutjipto, S.H., notaris di Jakarta.                   S.H., as the substitute of Sutjipto, S.H., notary
          Akta Pendirian tersebut telah memperoleh                        in Jakarta. The Establishment Deed was
          pengesahan dari Menteri Hukum dan Hak                           approved by the Ministry of Laws and Human
          Asasi Manusia Republik Indonesia melalui                        Rights of the Republic of Indonesia through
          Surat No. AHU-15574.AH.01.01.Tahun 2010                         Letter No. AHU-15574.AH.01.01.Year 2010
          tanggal 25 Maret 2010.                                          dated 25 March 2010.

          Sejak tanggal 1 Februari 2021, BNI Syariah                      Since 1 February 2021, BNI Syariah has
          telah resmi bergabung ke Bank Syariah                           officially joined Bank Syariah Indonesia as
          Indonesia sesuai persetujuan Otoritas Jasa                      approved by The Financial Service Authority
          Keuangan (OJK) Pasar Modal melalui surat                        (OJK) Capital Market through letter No.
          No. S-289/D.04/2020 tertanggal 11 Desember                      S-289/D.04/2020 dated 11 December 2020 as
          2020 serta melalui surat OJK Perbankan No.                      well as through OJK Perbankan through letter
          4/KDK.03/2021 tanggal 27 Januari 2021.                          No. 4/KDK.03/2021 dated 27 January 2021.

          Dengan bergabungnya BNI Syariah ke Bank                         By joining BNI Syariah to Bank Syariah
          Syariah Indonesia, maka pengendalian BNI                        Indonesia, BNI's control of BNI Syariah has
          terhadap BNI Syariah telah berakhir dan tidak                   ended and there is no consolidation of the
          dilakukan konsolidasi atas laporan keuangan                     financial statements of Bank Syariah Indonesia
          Bank Syariah Indonesia pada laporan                             in the consolidated financial statements of BNI
          keuangan konsolidasian      BNI dan Entitas                     and its Subsidiaries.
          Anak.

          Sejak 1 Februari 2021, Penyertaan BNI                           Since 1 February 2021, BNI's participation in
          terhadap Bank Syariah Indonesia dianggap                        Bank Syariah Indonesia is considered as
          sebagai penyertaan terhadap perusahaan                          participation in associated companies with
          asosiasi dengan pengaruh signifikan yang                        significant influence which is recorded using
          dicatat menggunakan metode ekuitas.                             the equity method.


2.   IKHTISAR KEBIJAKAN             AKUNTANSI       YANG        2.   SUMMARY           OF      MATERIAL            ACCOUNTING
     MATERIAL                                                        POLICIES
     Laporan keuangan konsolidasian BNI dan Entitas                  The consolidated financial statements of BNI and
     Anak (“Grup”) ini diselesaikan dan diotorisasi untuk            its Subsidiaries (“Group”) were completed and
     terbit oleh Direksi pada tanggal 25 Januari 2024.               authorized for issuance by the Board of Directors
                                                                     on 25 January 2024.
     Kebijakan akuntansi material yang diterapkan                    The material accounting policies adopted in
     dalam      penyusunan       laporan    keuangan                 preparing the consolidated financial statements
     konsolidasian BNI dan Entitas Anak (“Grup”)                     of BNI and Subsidiaries (“Group”) are set out
     adalah seperti dijabarkan dibawah ini:                          below:



                                                    Halaman - 24 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1149
Page 563
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                    ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)
            a.    Dasar penyusunan          laporan    keuangan                  a.   Basis of preparation of the         consolidated
                  konsolidasian                                                       financial statements
                  Berikut ini adalah ikhtisar kebijakan akuntansi                     Presented below are the summary of material
                  material yang diterapkan dalam penyusunan                           accounting policies applied in the preparation
                  laporan keuangan konsolidasian Grup yang                            of the consolidated financial statements of the
                  disusun berdasarkan Standar Akuntansi                               Group in accordance with Indonesian Financial
                  Keuangan di Indonesia yang mencakup                                 Accounting Standards which comprise of
                  Pernyataan Standar Akuntansi Keuangan                               Statements of Financial Accounting Standards
                  ("PSAK") dan Interpretasi Standar Akuntansi                         ("SFAS") and Interpretation of Financial
                  Keuangan ("ISAK") yang diterbitkan oleh                             Accounting Standards (“ISAK”) issued by
                  Ikatan Akuntan Indonesia dan Peraturan                              Institute of Indonesian Chartered Accountant
                  Badan Pengawas Pasar Modal dan Lembaga                              and the Capital Market and Financial
                  Keuangan ("BAPEPAM-LK") No. VIII.G.7                                Institution Supervisory Agency ("BAPEPAM-
                  tentang     Penyajian    dan     Pengungkapan                       LK")’s Regulation No. VIII.G.7 regarding the
                  Laporan Keuangan Emiten atau Perusahaan                             Presentations and Disclosures of Financial
                  Publik, yang terlampir dalam surat keputusan                        Statements of Listed Entity, enclosed in the
                  No. KEP-347/BL/2012. Peraturan tersebut                             decision letter No. KEP-347/BL/2012. The
                  sekarang merupakan regulasi dari Otoritas                           regulation is now a regulation under
                  Jasa Keuangan ("OJK").                                              Indonesian Financial Services Authority
                                                                                      ("OJK").
                  Laporan keuangan konsolidasian disusun                              The consolidated financial statements are
                  sesuai dengan PSAK 1, “Penyajian Laporan                            prepared in accordance with SFAS 1,
                  Keuangan”.                                                          “Presentation of Financial Statements”.
                  Laporan keuangan konsolidasian telah                                The consolidated financial statements have
                  disajikan   berdasarkan      konsep    harga                        been prepared on a historical cost basis, as
                  perolehan, yang dimodifikasi oleh revaluasi                         modified by revaluation of land and buildings,
                  tanah dan bangunan, aset keuangan yang                              financial assets at fair value through other
                  diukur pada nilai wajar melalui penghasilan                         comprehensive income, and financial assets
                  komprehensif lain dan aset dan liabilitas                           and liabilities (including derivative instruments)
                  keuangan (termasuk instrumen derivatif) yang                        at fair value through profit or loss, and under
                  diukur pada nilai wajar melalui laba rugi,                          the accrual basis of accounting, except for
                  serta disusun dengan dasar akrual, kecuali                          consolidated statements of cash flows.
                  laporan arus kas konsolidasian.
                  Laporan arus kas konsolidasian disusun                              The consolidated statements of cash flows are
                  dengan menggunakan metode langsung                                  prepared in the direct method with cash flows
                  dengan mengelompokkan arus kas dalam                                classified into operating, investing and
                  aktivitas operasi, investasi dan pendanaan.                         financing activities. Cash and cash equivalents
                  Kas dan setara kas terdiri dari kas, giro pada                      consist of cash, current accounts with Bank
                  Bank Indonesia dan giro pada bank lain,                             Indonesia and current accounts with other
                  penempatan pada bank lain dan Sertifikat                            banks, placements with other banks and
                  Bank Indonesia yang jatuh tempo dalam                               Certificates of Bank Indonesia maturing within
                  waktu 3 bulan atau kurang sejak tanggal                             3 months from the date of acquisition, and
                  perolehan, sepanjang tidak digunakan                                which are not pledged as collateral for
                  sebagai jaminan atas pinjaman yang diterima                         borrowings nor restricted.
                  serta tidak dibatasi penggunaannya.

                  Pos-pos dalam penghasilan komprehensif                              Items within other comprehensive income are
                  lainnya disajikan terpisah antara akun-akun                         classified separately, between accounts which
                  yang akan direklasifikasikan ke laba rugi dan                       will be reclassified to profit or loss and which
                  akun-akun yang tidak akan direklasifikasikan                        will not be reclassified to profit or loss.
                  ke laba rugi.

                  Mata uang pelaporan yang digunakan dalam                            The reporting currency used for the
                  laporan keuangan konsolidasian adalah mata                          consolidated financial statements is the
                  uang Rupiah (Rp). Angka-angka yang                                  Indonesian Rupiah (Rp). Unless otherwise
                  disajikan    dalam      laporan     keuangan                        stated, all figures presented in the
                  konsolidasian, kecuali bila dinyatakan secara                       consolidated financial statements are rounded
                  khusus, adalah dibulatkan dalam jutaan                              off to millions of Rupiah.
                  Rupiah.



                                                            Halaman - 25 - Page
1150   Menduniakan Bisnis Indonesia
Page 564
      Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                            Laporan
       Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                           Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN             AKUNTANSI       YANG          2.   SUMMARY OF MATERIAL                              ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES (continued)
     b.   Perubahan Pernyataan Standar Akuntansi                       b.   Changes to Statements of Financial
          Keuangan    dan    Interpretasi Standar                           Accounting Standards and Interpretations
          Akuntansi Keuangan                                                of Statements of Financial Accounting
                                                                            Standards

          Berikut ini adalah standar akuntansi                              The followings are financial accounting
          keuangan, perubahan dan interpretasi                              standard, amendments and interpretation of
          standar akuntansi keuangan yang berlaku                           financial accounting standard which become
          efektif sejak 1 Januari 2023.                                     effective starting 1 January 2023.

          •      Amendemen PSAK 1: “Penyajian laporan                       •       Amendment to SFAS 1: "Presentation of
                 keuangan       tentang   pengungkapan                              financial statements on disclosure of
                 kebijakan akuntansi”;                                              accounting policies";
          •      Amendemen PSAK 16: “Aset tetap                             •       Amendment to SFAS 16: "Fixed assets
                 tentang hasil sebelum penggunaan yang                              on proceeds before intended use";
                 diintensikan”;
          •      Amendemen PSAK 25: “Kebijakan                              •       Amendment to SFAS 25: "Accounting
                 akuntansi, perubahan estimasi akuntansi                            policy, changes in accounting estimates
                 dan kesalahan tentang definisi estimasi                            and errors in the definition of accounting
                 akuntansi”;                                                        estimates";
          •      Amendemen         PSAK    46:    “Pajak                    •       Amendment to SFAS 46: “Income taxes
                 penghasilan tentang reformasi pajak                                regarding international tax reform - pillar
                 internasional ketentuan model pilar                                two model rules”;and
                 dua”;dan
          •      Amendemen PSAK 73 “Sewa” - Liabilitas                      •       Amendment of SFAS 73 “Leases” - lease
                 Sewa pada Transaksi Jual dan Sewa                                  liability in a Sale and Leaseback.
                 Balik.

          Berikut ini adalah standar akuntansi                              The followings are financial accounting
          keuangan, perubahan dan interpretasi                              standard, amendments and interpretation of
          standar akuntansi keuangan yang berlaku                           financial accounting standard which become
          efektif sejak 1 Januari 2024.                                     effective starting 1 January 2024.

          •      Amendemen PSAK 1 “Penyajian Laporan                        •       Amendment to SFAS 1: "Presentation of
                 Keuangan” - Klasifikasi liabilitas lancar                          financial statements” - Classification of
                 atau tidak lancar;                                                 Liabilities as Current or Noncurrent;
          •      Amendemen PSAK 1 “Penyajian Laporan                        •       Amendment to SFAS 1: “Presentation of
                 Keuangan” - Liabilitas Jangka Panjang                              financial statement”       - Non-current
                 dengan Kovenan; dan                                                Liabilities with Covenants; and
          •      Amendemen PSAK 73: “Sewa” -                                •       Amendment to SFAS 73: "Leases” -
                 Liabilitas Sewa pada Transaksi Jual dan                            Lease Liability in a Sale and Leaseback.
                 Sewa Balik.

          PSAK 74: Kontrak Asuransi                                         SFAS 74 “Insurance Contract”

          PSAK 74 mengatur relaksasi beberapa                               PSAK 74 regulates the relaxation of several
          ketentuan antara lain berupa penambahan                           provisions, including the addition of scope
          pengecualian ruang lingkup, penyesuaian                           exceptions, adjustments to the presentation of
          penyajian laporan keuangan, penerapan opsi                        financial statements, application of risk
          mitigasi risiko dan beberapa modifikasi pada                      mitigation options and some modifications to
          ketentuan      transisi. PSAK     74     juga                     transitional provisions. PSAK 74 also requires
          mensyaratkan pemisahan yang jelas antara                          a clear separation between income generated
          pendapatan yang dihasilkan dari bisnis                            from the insurance business and from
          asuransi dengan yang berasal dari kegiatan                        investment activities.
          investasi.




                                                    Halaman - 26 - Page
                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1151
Page 565
       Performa                    Laporan                 Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                     Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN                AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                   ACCOUNTING
            MATERIAL (lanjutan)                                                    POLICIES (continued)
            b.    Perubahan Pernyataan Standar Akuntansi                           b.   Changes to Statements of Financial
                  Keuangan    dan   Interpretasi Standar                                Accounting Standards and Interpretations
                  Akuntansi Keuangan (lanjutan)                                         of Statements of Financial Accounting
                                                                                        Standards (continued)

                  PSAK 74: Kontrak Asuransi (lanjutan)                                  SFAS 74 “Insurance Contract” (continued)

                  Tanggal efektif penerapan PSAK 74: Kontrak                            The effective date for implementing PSAK 74:
                  Asuransi di Indonesia akan berlaku pada 1                             Insurance Contracts in Indonesia will take
                  Januari 2025 dengan penerapan dini                                    effect on January 1 2025 with early
                  diperkenankan. BNI Life, saat ini sudah                               implementation permitted. BNI Life has
                  menyelesaikan       tahapan     penyusunan                            currently completed the stages of formulating
                  Technical Position Paper sebagai rujukan                              the Technical Position Paper as a reference
                  pelaksanaan PSAK 74 yang sesuai dengan                                for the implementation of PSAK 74 in
                  standar. Proses pemilihan konsultan engine                            accordance with the Standard. BNI Life has
                  perhitungan Contractual Service Margin                                also completed the process of selecting
                  (“CSM”) juga sudah dilakukan. Di 2024, BNI                            consultant for Contractual Service Margin
                  Life Insurance berencana untuk melakukan                              (“CSM”) calculations engine. In 2024, BNI Life
                  proses paralel run untuk output CSM sesuai                            plans to conduct a parallel run process for
                  standard PSAK 74.                                                     CSM outputs in accordance with PSAK 74
                                                                                        standards.

                  Implementasi dari standar-standar tersebut                            The implementation of the above standards
                  tidak menghasilkan perubahan substansial                              did not result in substantial changes to the
                  terhadap kebijakan akuntansi Grup dan tidak                           Group’s accounting policies and had no
                  memiliki dampak yang material terhadap                                material impact to the consolidated financial
                  laporan keuangan konsolidasian di tahun                               statements for current or prior financial years.
                  berjalan atau tahun sebelumnya. Mulai dari 1                          Beginning 1 January 2024, references to the
                  Januari 2024, referensi terhadap masing-                              individual PSAKs and ISAKs will be changed
                  masing PSAK dan ISAK akan diubah sesuai                               as published by DSAK-IAI.
                  dengan penerbitan oleh DSAK-IAI.

                  Terkait adanya siaran pers DSAK IAI                                   Regarding the DSAK IAI press release
                  “Pengatribusian Imbalan pada Periode Jasa”                            "Compensation Attribution in the Service
                  pada bulan April 2022, Grup mengubah                                  Period" in April 2022, the Group changed the
                  kebijakan terkait atribusi imbalan pensiun pada                       policy related to the attribution of pension
                  periode jasa sesuai ketentuan dalam PSAK 24                           compensation in the service period in
                  untuk pola fakta umum dari program pensiun                            accordance with the provisions in SFAS 24 for
                  berbasis UU Cipta Kerja No. 11/2020 dan PP                            the general fact pattern of pension programs
                  35/2021. Dampak perubahan perhitungan                                 based on the UU Cipta Kerja No. 11/2020 dan
                  tersebut adalah tidak material terhadap Grup,                         PP 35/2021. The impact of the change in
                  sehingga dibukukan seluruhnya pada laporan                            calculation is immaterial to the Group,
                  keuangan konsolidasian pada tahun berjalan,                           therefore the impact of the changes is
                  saat terjadinya perubahan kebijakan akuntansi                         recorded entirety in the consolidated financial
                  tersebut.                                                             statements for the current year, at the time the
                                                                                        change in accounting policy happened.

            c.    Aset dan liabilitas keuangan                                     c.   Financial assets and liabilities
                  (i)   Klasifikasi                                                     (i)   Classification
                        Grup       mengklasifikasikan         aset                            The Group classifies its financial assets
                        keuangannya      berdasarkan      kategori                            according to the following categories at
                        sebagai berikut pada saat pengakuan                                   initial recognition:
                        awal:
                        • Aset keuangan yang diukur pada nilai                                •   Financial assets measured at fair
                           wajar melalui laba rugi;                                               value through profit or loss;
                        • Aset keuangan yang diukur pada nilai                                •   Financial assets measured at fair
                           wajar       melalui      penghasilan                                   value through other comprehensive
                           komprehensif lain;                                                     income;
                        • Aset keuangan yang diukur pada                                      •   Financial   assets      measured at
                           biaya perolehan diamortisasi.                                         amortized cost.



                                                              Halaman - 27 - Page
1152   Menduniakan Bisnis Indonesia
Page 566
      Permodalan & Praktik         Tata Kelola     Tanggung Jawab
                                         PT BANK NEGARA           Sosial
                                                             INDONESIA       Komitmen Tbk
                                                                         (PERSERO)                         Laporan
       Manajemen Risiko            Perusahaan         dan Lingkungan           ESG                        Keuangan
                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN                AKUNTANSI     YANG           2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES (continued)

     c.   Aset dan liabilitas keuangan (lanjutan)                        c.   Financial assets and liabilities (continued)

          (i)     Klasifikasi (lanjutan)                                      (i)   Classification (continued)

                  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 obtain
                     mendapatkan arus kas kontraktual;                                 contractual cash flow;
                  • persyaratan kontraktual dari aset                               • the contractual terms of the financial
                     keuangan tersebut memberikan hak                                   assets provide rights on a certain date
                     pada tanggal tertentu atas arus kas                                for cash flow obtained solely from
                     yang      diperoleh    semata    dari                              payment of principal and interest
                     pembayaran pokok dan bunga (SPPI)                                  (SPPI) on the principal amount owed.
                     dari jumlah pokok terutang.

                  Aset keuangan diukur pada nilai wajar                             Financial assets are measured at fair
                  melalui penghasilan komprehensif lain                             value through other comprehensive
                  jika memenuhi kondisi sebagai berikut:                            income if 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 obtain
                       mendapatkan arus kas kontraktual                                 contractual cash flow and sell
                       dan menjual aset keuangan; dan                                  financial assets; and
                  •    Persyaratan kontraktual dari aset                            • The contractual requirements of the
                       keuangan tersebut memenuhi kriteria                              financial assets meet the SPPI
                       SPPI.                                                           criteria.

                 Pada saat pengakuan awal, Grup dapat                               At initial recognition, the Group 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 Grup dapat                                     At initial recognition, the Group 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”).




                                                      Halaman - 28 - Page
                                                                               Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1153
Page 567
       Performa                    Laporan                    Profil
                                                 PT BANK NEGARA                   Analisa dan Pembahasan
                                                                      INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                     Manajemen                Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN                   AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                     ACCOUNTING
            MATERIAL (lanjutan)                                                       POLICIES (continued)

            c.    Aset dan liabilitas keuangan (lanjutan)                             c.   Financial assets and liabilities (continued)

                  (i)   Klasifikasi (lanjutan)                                             (i)   Classification (continued)

                        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 groups of 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                                            model and financial assets held in the
                           dalam model bisnis dievaluasi dan                                          business model are evaluated and
                           dilaporkan         kepada       personil                                   reported to the Group's key
                           manajemen kunci Grup;                                                      management personnel;
                         • Apakah risiko yang mempengaruhi                                        • What risks affect the performance of
                           kinerja dari model bisnis (termasuk                                        the     business    model   (including
                           aset keuangan yang dimiliki dalam                                          financial assets held in the business
                           model      bisnis)    dan     khususnya                                    model) and specifically how the
                           bagaimana cara aset keuangan                                               financial assets are managed; and
                           tersebut dikelola; dan
                         • Bagaimana           penilaian    kinerja                              •   How to evaluate the performance of
                           pengelola aset keuangan (sebagai                                          managers of financial assets (for
                           contoh, apakah penilaian kinerja                                          example,     whether     performance
                           berdasarkan nilai wajar dari aset yang                                    appraisals are based on the fair value
                           dikelola atau arus kas kontraktual                                        of the assets being managed or the
                           yang diperoleh).                                                         contractual cash flows obtained).

                        Aset keuangan yang dimiliki untuk                                        Financial assets held for trading or
                        diperdagangkan    atau     dikelola    dan                               managed and which performance
                        penilaian kinerjanya berdasarkan nilai                                   appraisals based on fair value are
                        wajar diukur pada nilai wajar melalui laba                               measured at fair value through profit or
                        rugi.                                                                    loss.

                        Derivatif   juga   dikategorikan   dalam                                 Derivatives are also categorized under
                        kelompok ini, kecuali derivatif yang                                     this classification, unless they are
                        ditetapkan sebagai instrumen lindung nilai                               designated     as    effective hedging
                        efektif.                                                                 instruments.

                        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 evaluation,
                        didefinisikan sebagai nilai wajar dari aset                              principal is defined as the fair value of
                        keuangan pada saat pengakuan awal.                                       financial assets at initial recognition.
                        Bunga didefinisikan sebagai imbalan                                      Interest is defined as compensation for
                        untuk nilai waktu atas uang dan risiko                                   the time value of money and credit risk in
                        kredit terkait jumlah pokok terutang pada                                relation to the principal amount owed
                        periode waktu tertentu dan juga risiko dan                               over a certain period of time and also the
                        biaya peminjaman standar, dan juga                                       risk and standard borrowing costs, as
                        margin laba.                                                             well as profit margins.




                                                                 Halaman - 29 - Page
1154   Menduniakan Bisnis Indonesia
Page 568
      Permodalan & Praktik         Tata Kelola     Tanggung Jawab
                                         PT BANK NEGARA           Sosial
                                                             INDONESIA       Komitmen Tbk
                                                                         (PERSERO)                          Laporan
       Manajemen Risiko            Perusahaan         dan Lingkungan           ESG                         Keuangan
                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN                   AKUNTANSI     YANG         2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES (continued)

     c.   Aset dan liabilitas keuangan (lanjutan)                         c.   Financial assets and liabilities (continued)

          (i)    Klasifikasi (lanjutan)                                        (i)   Classification (continued)

                 Penilaian    mengenai      arus   kas                               Evaluation of contractual cash flows
                 kontraktual yang diperoleh semata dari                              obtained solely from payment of
                 pembayaran pokok dan bunga (lanjutan)                               principal and interest (continued)

                 Penilaian mengenai arus kas kontraktual                             An assessment of contractual cash flows
                 yang diperoleh semata dari pembayaran                               obtained solely from principal and
                 pokok dan bunga dilakukan dengan                                    interest 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.                                   Group considers:
                 Dalam     melakukan       penilaian,  Grup
                 mempertimbangkan:
                  • Peristiwa kontinjensi yang akan                                  •    Contingency events that will change
                     mengubah waktu atau jumlah arus                                      the timing or amount of contractual
                     kas kontraktual;                                                     cash flow;
                  • Fitur leverage;                                                  •    Leverage feature;
                  • Persyaratan pembayaran di muka dan                               •    Terms of advance payment and
                     perpanjangan kontraktual;                                            contractual extension;
                  • Persyaratan mengenai klaim yang                                  •    Requirements      regarding   limited
                     terbatas atas arus kas yang berasal                                  claims for cash flows from specific
                     dari aset spesifik; dan                                             assets; and
                  • Fitur yang dapat mengubah nilai                                  •    Features that can change the time
                     waktu dari elemen uang.                                             value of money element.

                 Liabilitas keuangan diklasifikasikan ke                             Financial liabilities are classified into the
                 dalam kategori sebagai berikut pada saat                            following categories at initial recognition:
                 pengakuan awal:
                  • Liabilitas keuangan yang diukur pada                             • Financial liabilities at fair value
                     nilai wajar melalui laporan laba rugi,                            through profit or loss, which has 2
                     yang memiliki 2 (dua) sub-klasifikasi,                            (two) sub-classifications, i.e. those
                     yaitu     liabilitas    keuangan      yang                        designated as such upon initial
                     ditetapkan demikian pada saat                                     recognition and those classified as
                     pengakuan          awal    dan   liabilitas                       held for trading;
                     keuangan yang telah diklasifikasikan
                     dalam kelompok diperdagangkan;
                  • Liabilitas keuangan lain.                                       • Other financial liabilities.
                     Liabilitas         keuangan        lainnya                        Other financial liabilities pertain to
                     merupakan liabilitas keuangan yang                                financial liabilities that are not held for
                     tidak dimiliki untuk dijual atau                                  trading nor designated as at fair value
                     ditentukan sebagai nilai wajar melalui                            through profit or loss upon recognition
                     laba rugi saat pengakuan liabilitas.                             of the liability.




                                                         Halaman - 30 - Page
                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1155
Page 569
       Performa                    Laporan                    Profil
                                                 PT BANK NEGARA                   Analisa dan Pembahasan
                                                                      INDONESIA (PERSERO)        Tbk                                   Fungsi
         2023                     Manajemen                Perusahaan           Manajemen atas Kinerja Bank                        Penunjang Bisnis
                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                              31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN                   AKUNTANSI           YANG           2.   SUMMARY OF MATERIAL                           ACCOUNTING
            MATERIAL (lanjutan)                                                          POLICIES (continued)

            c.    Aset dan liabilitas keuangan (lanjutan)                                c.    Financial assets and liabilities (continued)

                  (i)   Klasifikasi (lanjutan)                                                 (i)   Classification (continued)

                                                                                      Golongan
                          Kategori yang didefinisikan                          (ditentukan oleh Grup)/
                                oleh PSAK 71/                                          Class                              Subgolongan/
                        Category as defined by SFAS 71                      (as determined by the Group)                   Subclasses
                                                                         Efek-efek/Marketable securities
                                    Aset keuangan yang diukur            Obligasi Pemerintah/Government Bonds
                                     pada nilai wajar melalui laba
                                     rugi/Financial assets at fair       Tagihan derivatif - tidak terkait lindung nilai/Derivative receivables -
                                     value through profit or loss        non hedging related
                                                                         Penyertaan saham/Equity Investment
                                                                         Kas/Cash                               Kas pada vendor/Cash in vendor
                                                                         Giro pada Bank Indonesia/Current accounts with Bank Indonesia
                                                                         Giro pada bank lain/Current accounts with other banks
                                                                         Penempatan pada bank lain dan Bank Indonesia/Placements with
                                                                         other banks and Bank Indonesia
                                                                         Efek-efek yang dibeli dengan janji dijual kembali/Securities purchased
                                                                         under agreements to resell
                                                                         Wesel ekspor dan tagihan lainnya/Bills and other receivables
                                                                         Tagihan akseptasi/Acceptance receivables
                                    Aset keuangan yang diukur
                                     pada biaya perolehan yang           Pinjaman yang diberikan/Loans
              Aset keuangan/
              Financial assets       diamortisasi/Financial assets                                              Piutang lain-lain/Other
                                     at amortized cost                                                           receivables
                                                                                                                Piutang bunga/Interest
                                                                                                                 receivables
                                                                                                                Lain-lain/Others
                                                                         Aset lain-lain/Other assets
                                                                                                                Piutang terkait transaksi ATM/
                                                                                                                 Receivables related to ATM
                                                                                                                 transactions
                                                                                                                Piutang premi asuransi/
                                                                                                                 Insurance premium receivables
                                                                         Efek-efek/Marketable securities
                                                                         Obligasi Pemerintah/Government Bonds
                                    Aset keuangan yang diukur            Efek-efek/Marketable securities
                                     pada nilai wajar melalui
                                                                         Obligasi Pemerintah/Government Bonds
                                     penghasilan komprehensif
                                     lain/Financial assets at fair
                                     value through other                 Penyertaan saham/Equity investments
                                     comprehensive income




                                                                     Halaman - 31 - Page
1156   Menduniakan Bisnis Indonesia
Page 570
      Permodalan & Praktik          Tata Kelola     Tanggung Jawab
                                          PT BANK NEGARA           Sosial
                                                              INDONESIA       Komitmen Tbk
                                                                          (PERSERO)                                 Laporan
       Manajemen Risiko             Perusahaan         dan Lingkungan           ESG                                Keuangan
                                             DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                             31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN                   AKUNTANSI        YANG             2.   SUMMARY OF MATERIAL                            ACCOUNTING
     MATERIAL (lanjutan)                                                         POLICIES (continued)

     c.   Aset dan liabilitas keuangan (lanjutan)                                c.    Financial assets and liabilities (continued)

          (i)    Klasifikasi (lanjutan)                                                (i)   Classification (continued)
                                                                            Golongan
                   Kategori yang didefinisikan                       (ditentukan oleh Grup)/
                         oleh PSAK 71/                                        Class                                 Subgolongan/
                 Category as defined by SFAS 71                   (as determined by the Group)                       Subclasses
                            Liabilitas keuangan yang
                             diukur pada nilai wajar
                                                                 Liabilitas derivatif - tidak terkait lindung nilai/Derivative payables - non
                             melalui laba rugi/Financial
                                                                  hedging related
                             liabilities at fair value through
                             profit or loss
                                                                 Liabilitas segera/Obligation due immediately
                                                                 Simpanan nasabah/Deposits from customers
                                                                 Simpanan dari bank lain/Deposits from other banks
                                                                 Efek-efek yang dijual dengan janji dibeli kembali/Securities sold under
                                                                  agreements to repurchase
                                                                 Liabilitas akseptasi/Acceptance payables
      Liabilitas
       keuangan/                                                  Beban yang masih harus dibayar/Accrued expenses
       Financial              Liabilitas keuangan yang                                                    Setoran jaminan/Security
       liabilities             diukur dengan biaya                                                         deposit
                               perolehan diamortisasi/                                                    Utang bunga/Interest payable
                               Financial liabilities at                                                   Utang nasabah/Payable to
                               amortized cost                                                              customers
                                                                  Liabilitas lain-lain/Other liabilities  Utang ke pemegang polis/
                                                                                                           Obligation to policyholders
                                                                                                          Utang reasuransi dan komisi/
                                                                                                           Reinsurance payable and
                                                                                                           commission
                                                                                                          Lain-lain/Others
                                                                  Efek-efek yang diterbitkan/Securities issued
                                                                  Efek-efek subordinasi/Subordinated securities
                                                                  Pinjaman yang diterima/Borrowings
      Komitmen                Fasilitas kredit yang belum digunakan/Unused loan facilities (committed)
       pinjaman dan           Letters of credit yang tidak dapat dibatalkan/Irrevocable letters of credit
       kontrak jaminan
       keuangan/       Garansi bank yang diberikan/Bank Guarantees issued
       Loan commitment
       and financial
       guarantee       Standby letters of credit
       contract

          (ii) Pengakuan awal                                                          (ii) Initial recognition
                 a.     Pembelian atau penjualan aset                                        a.   Purchase or sale of financial assets
                        keuangan       yang      memerlukan                                       that requires delivery of assets within
                        penyerahan aset dalam kurun waktu                                         a time frame established by
                        yang telah ditetapkan oleh peraturan                                      regulation or convention in the market
                        dan kebiasaan yang berlaku di pasar                                       (regular purchases) is recognized on
                        (pembelian secara reguler) diakui                                         the trade date, i.e., the date that the
                        pada tanggal perdagangan, yaitu                                           Group commits to purchase or sell
                        tanggal Grup berkomitmen untuk                                            the assets.
                        membeli atau menjual aset.
                 b.     Aset       keuangan   dan   liabilitas                               b.   Financial      assets       and    financial
                        keuangan pada awalnya diukur pada                                         liabilities are initially recognized at fair
                        nilai wajarnya. Dalam hal aset                                            value. For those financial assets or
                        keuangan atau liabilitas keuangan                                         financial liabilities not classified as fair
                        tidak diklasifikasikan sebagai nilai                                      value through profit or loss, the fair
                        wajar melalui laba rugi, nilai wajar                                      value is added/deducted with directly
                        tersebut ditambah/dikurangi biaya                                         attributable transaction costs to the
                        transaksi yang dapat diatribusikan                                        issuance of financial assets or
                        secara langsung dengan perolehan                                          liabilities.
                        atau penerbitan aset keuangan atau
                        liabilitas keuangan.



                                                           Halaman - 32 - Page
                                                                                        Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1157
Page 571
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                    ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            c.    Aset dan liabilitas keuangan (lanjutan)                        c.   Financial assets and liabilities (continued)
                  (ii) Pengakuan awal (lanjutan)                                      (ii) Initial recognition (continued)
                      Grup, pada pengakuan awal, dapat                                    The Group, upon initial recognition, may
                      menetapkan aset keuangan dan liabilitas                             designate certain financial assets and
                      keuangan tertentu sebagai nilai wajar                               financial liabilities, at fair value through
                      melalui laba rugi (opsi nilai wajar). Opsi                          profit or loss (fair value option). The fair
                      nilai wajar dapat digunakan hanya bila                              value option is only applied when the
                      memenuhi ketetapan sebagai opsi nilai                               application of the fair value option reduces
                      wajar mengurangi atau mengeliminasi                                 or eliminates the measurement or
                      ketidak-konsistenan    pengukuran     dan                           recognition inconsistencies (accounting
                      pengakuan (accounting mismatch) yang                                mismatch) that would otherwise arise.
                      dapat timbul.

                  (iii) Pengukuran setelah pengakuan awal                             (iii) Subsequent measurement

                      Aset keuangan dalam kelompok aset                                   Financial assets at fair value through other
                      keuangan yang diukur pada nilai wajar                               comprehensive income and financial
                      melalui penghasilan komprehensif lain                               assets and financial liabilities at fair value
                      dan aset keuangan dan liabilitas                                    through profit or loss are measured at fair
                      keuangan yang diukur pada nilai wajar                               value. Financial assets classified as
                      melalui laba rugi diukur pada nilai                                 amortized cost and other financial
                      wajarnya. Aset keuangan kelompok biaya                              liabilities measured at amortized cost
                      perolehan diamortisasi dan liabilitas                               using the effective interest rate method.
                      keuangan lainnya diukur pada biaya
                      perolehan       diamortisasi   dengan
                      menggunakan metode suku bunga efektif.
                  (iv) Penghentian pengakuan                                          (iv) Derecognition
                      a.   Aset     keuangan            dihentikan                        a.   Financial assets are derecognized
                           pengakuannya jika:                                                  when:
                           -   Hak kontraktual atas arus kas                                   -   The contractual rights to receive
                               yang berasal dari aset keuangan                                     cash flows from the financial
                               tersebut berakhir; atau                                             assets have expired; or
                           -   Grup telah mentransfer haknya                                   -   The Group has transferred its
                               untuk menerima arus kas yang                                        rights to receive cash flows from
                               berasal dari aset tersebut atau                                     the asset or has assumed an
                               menanggung liabilitas untuk                                         obligation to pay the received
                               membayarkan arus kas yang                                           cash flow in full without material
                               diterima tersebut secara penuh                                      delay to a third party under a
                               tanpa penundaan berarti kepada                                      ‘pass-through’ arrangement; and
                               pihak        ketiga      dibawah                                    either (a) the Group has
                               kesepakatan pelepasan, dan                                          transferred substantially all the
                               antara      (a)     Grup     telah                                  risks and rewards of the asset, or
                               mentransfer secara substansial                                      (b) the Group has neither
                               seluruh risiko dan manfaat atas                                     transferred      nor        retained
                               aset, atau (b) Grup tidak                                           substantially all the risks and
                               mentransfer      maupun      tidak                                  rewards of the asset, but has
                               memiliki     secara    substansial                                  transferred control of the asset.
                               seluruh risiko dan manfaat atas
                               aset, tetapi telah mentransfer
                               kendali atas aset.
                           Ketika Grup telah mentransfer hak                                   When the Group has transferred its
                           untuk menerima arus kas dari aset                                   rights to receive cash flows from an
                           atau telah memasuki kesepakatan                                     asset or has entered into a pass-
                           pelepasan dan tidak mentransfer                                     through arrangement and has neither
                           serta tidak mempertahankan secara                                   transferred nor retained substantially
                           substansial   seluruh     risiko  dan                               all the risks and rewards of the asset
                           manfaat atas aset atau tidak                                        nor transferred control of the asset,
                           mentransfer kendali atas aset, aset                                 the asset is recognized to the extent
                           diakui sebesar keterlibatan Grup yang                               of the Group’s continuing involvement
                           berkelanjutan atas aset tersebut.                                   in the asset.



                                                            Halaman - 33 - Page
1158   Menduniakan Bisnis Indonesia
Page 572
      Permodalan & Praktik          Tata Kelola     Tanggung Jawab
                                          PT BANK NEGARA           Sosial
                                                              INDONESIA       Komitmen Tbk
                                                                          (PERSERO)                         Laporan
       Manajemen Risiko             Perusahaan         dan Lingkungan           ESG                        Keuangan
                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN                AKUNTANSI        YANG         2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES (continued)

     c.   Aset dan liabilitas keuangan (lanjutan)                         c.   Financial assets and liabilities (continued)

          (iv) Penghentian pengakuan (lanjutan)                                (iv) Derecognition (continued)

                 a.     Aset     keuangan          dihentikan                       a.    Financial assets are derecognized
                        pengakuannya jika: (lanjutan)                                     when: (continued)

                        Pinjaman         yang         diberikan                           Loans are written off when there is no
                        dihapusbukukan ketika tidak terdapat                              realistic prospect of collection in the
                        prospek yang realistis mengenai                                   near future or the normal relationship
                        pengembalian       pinjaman        atau                           between the Group and the
                        hubungan normal antara Grup dan                                   borrowers have ceased to exist.
                        debitur telah berakhir. Pinjaman yang                             When a loan is deemed uncollectible,
                        tidak    dapat    dilunasi     tersebut                           it is written off against the related
                        dihapusbukukan dengan mendebit                                    allowance for impairment losses.
                        cadangan kerugian penurunan nilai.

                 b.     Liabilitas   keuangan      dihentikan                       b.    Financial liabilities are derecognized
                        pengakuannya jika liabilitas yang                                 when the obligation under the liability
                        ditetapkan dalam kontrak dilepaskan                               is discharged or cancelled or has
                        atau dibatalkan atau kadaluarsa.                                  expired.

                        Jika suatu liabilitas keuangan yang                               Where an existing financial liability is
                        ada digantikan dengan liabilitas yang                             replaced by another liability from the
                        lain oleh pemberi pinjaman yang                                   same lender on substantially different
                        sama pada keadaan yang secara                                     terms, or the terms of an existing
                        substansial        berbeda,      atau                             liability are substantially modified,
                        berdasarkan suatu liabilitas yang ada                             such an exchange or modification is
                        yang secara substansial telah diubah,                             treated as derecognition of the
                        maka pertukaran atau modifikasi                                   original liability and the recognition of
                        tersebut    diperlakukan      sebagai                             a new liability, and the difference in
                        penghentian pengakuan liabilitas                                  the respective carrying amounts is
                        awal dan pengakuan liabilitas baru,                               recognized in the profit or loss.
                        dan perbedaan nilai tercatat masing-
                        masing diakui dalam laporan laba
                        rugi.

          (v) Pengakuan pendapatan dan beban                                   (v) Income and expense recognition

                 a.     Pendapatan dan beban bunga atas                             a.    Interest income and expense on
                        aset keuangan yang diukur pada nilai                              financial assets measured at fair
                        wajar      melalui        penghasilan                             value through other comprehensive
                        komprehensif    lain    serta    aset                             income as well as financial assets
                        keuangan dan liabilitas keuangan                                  and financial liabilities recorded at
                        yang dicatat berdasarkan biaya                                    amortized cost are recognized in the
                        perolehan diamortisasi, diakui pada                               statement of profit or loss using the
                        laporan    laba      rugi     dengan                              effective interest rate method.
                        menggunakan metode suku bunga
                        efektif.

                        Jumlah tercatat bruto aset keuangan                               The gross carrying amount of a
                        adalah biaya perolehan diamortisasi                               financial asset is the amortized cost
                        aset keuangan sebelum disesuaikan                                 of a financial asset before adjusting
                        dengan cadangan penurunan nilai.                                  for allowance for impairment.

                        Dalam menghitung pendapatan dan                                   In calculating interest income and
                        beban bunga, tingkat bunga efektif                                expenses, the effective interest rate is
                        diterapkan pada jumlah tercatat bruto                             applied to the gross carrying amount
                        aset (ketika aset tersebut bukan aset                             of an asset (when the asset is not an
                        keuangan memburuk) atau terhadap                                  impaired financial asset) or to the
                        biaya perolehan diamortisasi dari                                 amortized cost of a liability.
                        liabilitas.



                                                        Halaman - 34 - Page
                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1159
Page 573
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                    ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            c.    Aset dan liabilitas keuangan (lanjutan)                        c.   Financial assets and liabilities (continued)

                  (v) Pengakuan       pendapatan     dan    beban                     (v) Income      and     expense         recognition
                      (lanjutan)                                                          (continued)

                      b.   Keuntungan dan kerugian yang timbul                            b.   Gains and losses arising from
                           dari perubahan nilai wajar atas aset                                changes in the fair value of financial
                           keuangan yang diklasifikasikan dalam                                assets that classified as fair value
                           kelompok     nilai   wajar     melalui                              through statement of profit or loss
                           penghasilan komprehensif lain diakui                                and other comprehensive income are
                           secara langsung dalam laporan laba                                  recognized      directly   in    other
                           rugi dan penghasilan komprehensif                                   comprehensive income (as part of
                           lain (merupakan bagian dari ekuitas),                               equity), until the financial asset is
                           sampai aset keuangan tersebut                                       derecognized or impaired, except
                           dihentikan    pengakuannya        atau                              gain or loss arising from changes in
                           adanya penurunan nilai, kecuali                                     exchange rate for debt instruments.
                           keuntungan atau kerugian akibat
                           perubahan nilai tukar untuk instrumen
                           utang.

                           Pada saat aset keuangan dihentikan                                  When        a    financial asset   is
                           pengakuannya       atau   dilakukan                                 derecognized or impaired, the
                           penurunan nilai, keuntungan atau                                    cumulative gains or losses previously
                           kerugian kumulatif yang sebelumnya                                  recognized in equity are recognized
                           diakui dalam ekuitas harus diakui                                   in profit or loss.
                           pada laporan laba rugi.

                  (vi) Reklasifikasi aset keuangan                                    (vi) Reclassification of financial assets

                      Grup mereklasifikasi aset keuangan jika                             The Group 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
                      diakui sebagai keuntungan atau kerugian                             recognized in profit or loss on the
                      pada     laba    rugi   dan penghasilan                             statement of profit or loss and other
                      komprehensif lain.                                                  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                        Reclassification of financial assets from
                      nilai    wajar      melalui   penghasilan                           fair value through other comprehensive
                      komprehensif lain ke klasifikasi nilai wajar                        income to fair value through profit or loss
                      melalui laba rugi dicatat pada nilai                                is recorded at fair value. Unrealized gains
                      wajarnya. Keuntungan atau kerugian yang                             or losses are reclassified to profit or loss.
                      belum direalisasi direklasifikasi ke laba
                      rugi.




                                                            Halaman - 35 - Page
1160   Menduniakan Bisnis Indonesia
Page 574
      Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                        PT BANK NEGARA           Sosial
                                                            INDONESIA       Komitmen Tbk
                                                                        (PERSERO)                         Laporan
       Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                        Keuangan
                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN              AKUNTANSI        YANG         2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                                POLICIES (continued)

     c.   Aset dan liabilitas keuangan (lanjutan)                       c.   Financial assets and liabilities (continued)

          (vi) Reklasifikasi aset keuangan (lanjutan)                        (vi) Reclassification         of     financial       assets
                                                                                  (continued)

                 Reklasifikasi aset keuangan dari klasifikasi                     Reclassification of financial assets from
                 nilai    wajar      melalui   penghasilan                        fair value through other comprehensive
                 komprehensif lain ke klasifikasi biaya                           income to the amortized cost is recorded
                 perolehan yang diamortisasi dicatat pada                         at fair value at the date of reclassification.
                 nilai wajarnya pada tanggal reklasifikasi.                       Unrealized gains or losses is removed
                 Keuntungan atau kerugian yang belum                              from equity and is adjusted against the fair
                 direalisasi dihapus dari ekuitas dan                             value.
                 disesuaikan terhadap nilai wajar.

                 Reklasifikasi aset keuangan dari klasifikasi                     Reclassifications on financial assets from
                 nilai wajar melalui laba rugi ke klasifikasi                     fair value through profit or loss to fair
                 nilai    wajar      melalui    penghasilan                       value through other comprehensive
                 komprehensif lain dicatat pada nilai wajar.                      income are recorded at fair value.

                 Reklasifikasi aset keuangan dari klasifikasi                     Reclassification of financial assets from
                 nilai wajar melalui laba rugi ke klasifikasi                     fair value through profit or loss to
                 biaya perolehan yang diamortisasi dicatat                        amortized cost classification is recorded at
                 pada nilai wajar.                                                fair value.

          (vii) Saling hapus                                                 (vii) Offsetting

                 Aset keuangan dan liabilitas keuangan                            Financial assets and liabilities are set off
                 saling hapus buku dan nilai netonya                              and the net amount is presented in the
                 disajikan dalam laporan posisi keuangan                          consolidated statement of financial
                 konsolidasian jika, dan hanya jika Grup                          position when, and only when, the Group
                 memiliki hak yang berkekuatan hukum                              has a legal right to set off the amounts
                 untuk melakukan saling hapus atas jumlah                         and intends either to settle on a net basis
                 yang telah diakui tersebut dan adanya                            or to realize the asset and settle the
                 maksud untuk menyelesaikan secara neto                           liability simultaneously.
                 atau untuk merealisasikan aset dan
                 menyelesaikan      liabilitasnya  secara
                 bersamaan.

                 Hal yang berkekuatan hukum harus tidak                           The legally enforceable right must not be
                 kontinjen atas peristiwa di masa depan                           contingent on future events and must be
                 dan harus dapat dipaksakan di dalam                              enforceable in the normal course of
                 situasi bisnis yang normal, peristiwa                            business and in the event of default,
                 kegagalan atau kebangkrutan dari Grup                            insolvency or bankruptcy of the Group or
                 atau pihak lawan.                                                the counterparty.

                 Pendapatan dan beban disajikan dalam                             Income and expenses are presented on a
                 jumlah neto hanya jika diperkenankan                             net basis only when permitted by the
                 oleh standar akuntansi.                                          accounting standards.




                                                      Halaman - 36 - Page
                                                                              Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1161
Page 575
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                    ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            c.    Aset dan liabilitas keuangan (lanjutan)                        c.   Financial assets and liabilities (continued)

                  (viii) Pengukuran biaya diamortisasi                                (viii) Amortized cost measurement

                      Biaya perolehan diamortisasi dari aset                              The amortized cost of a financial asset or
                      keuangan atau liabilitas keuangan adalah                            liability is the amount at which the
                      jumlah aset keuangan atau liabilitas                                financial asset or liability is measured at
                      keuangan yang diukur pada saat                                      initial   recognition,     minus   principal
                      pengakuan awal dikurangi pembayaran                                 repayments, plus or minus the cumulative
                      pokok pinjaman, ditambah atau dikurangi                             amortization using the effective interest
                      amortisasi     kumulatif    menggunakan                             rate method of any difference between the
                      metode suku bunga efektif yang dihitung                             initial amount recognized and the maturity
                      dari selisih antara nilai pengakuan awal                            amount, minus any reduction for
                      dan nilai jatuh temponya, dan dikurangi                             impairment.
                      penurunan nilai.

                  (ix) Pengukuran nilai wajar                                         (ix) 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
                      harga    yang      akan    dibayar   untuk                          transfer a liability in an orderly transaction
                      mengalihkan suatu liabilitas dalam suatu                            between       market        participants     at
                      transaksi teratur antara pelaku pasar pada                          measurement date.
                      tanggal pengukuran.

                      Jika tersedia, Grup mengukur nilai wajar                            When available, the Group measures the
                      dari      suatu     instrumen      dengan                           fair value of an instrument using quoted
                      menggunakan harga kuotasi di pasar aktif                            prices in an active market for that
                      untuk instrumen terkait. Suatu pasar                                instrument. A market is regarded as active
                      dianggap      aktif  bila   harga      yang                         if quoted prices are readily and regularly
                      dikuotasikan tersedia sewaktu-waktu dari                            available from an exchange, dealer,
                      bursa, pedagang efek (dealer), perantara                            broker, industry group, pricing service or
                      efek (broker), kelompok industri, badan                             regulatory agency and those prices
                      pengawas (pricing service or regulatory                             represent actual and regularly occurring
                      agency), dan merupakan transaksi pasar                              market transaction on an arm’s length
                      aktual dan teratur terjadi yang dilakukan                           basis. The fair value can be obtained from
                      secara wajar. Nilai wajar dapat diperoleh                           IDMA’s (Interdealer Market Association)
                      dari Interdealer Market Association (IDMA)                          or quoted market prices or broker’s
                      atau harga pasar atau harga yang                                    quoted price from Bloomberg or Reuters
                      diberikan oleh broker (quoted price) dari                           on the measurement date.
                      Bloomberg atau Reuters pada tanggal
                      pengukuran.

                      Jika pasar untuk instrumen keuangan                                 If a market for a financial instrument is not
                      tidak aktif, Grup menetapkan nilai wajar                            active, the Group establishes fair value
                      dengan menggunakan teknik penilaian.                                using a valuation technique.

                      Grup menggunakan beberapa teknik                                    The Group uses widely recognized
                      penilaian yang digunakan secara umum                                valuation models for determining fair
                      untuk menentukan nilai wajar dari                                   values of financial instruments of lower
                      instrumen keuangan dengan tingkat                                   complexity, such as exchange value
                      kompleksitas yang rendah, seperti opsi                              options and currency swaps. For these
                      nilai tukar dan swap mata uang. Input                               financial instruments, inputs into models
                      yang digunakan dalam teknik penilaian                               are generally market-observable data.
                      untuk instrumen keuangan di atas adalah
                      data pasar yang diobservasi.




                                                            Halaman - 37 - Page
1162   Menduniakan Bisnis Indonesia
Page 576
      Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                        PT BANK NEGARA           Sosial
                                                            INDONESIA       Komitmen Tbk
                                                                        (PERSERO)                         Laporan
       Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                        Keuangan
                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN              AKUNTANSI        YANG         2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                                POLICIES (continued)

     c.   Aset dan liabilitas keuangan (lanjutan)                       c.   Financial assets and liabilities (continued)

          (ix) Pengukuran nilai wajar (lanjutan)                             (ix) Fair value measurement (continued)

                 Untuk instrumen yang lebih kompleks,                             For more complex instruments, the Group
                 Grup menggunakan model penilaian                                 uses internally developed models, which
                 internal,   yang      pada    umumnya                            are usually based on valuation methods
                 berdasarkan teknik dan metode penilaian                          and techniques generally recognized as
                 yang umumnya diakui sebagai standar                              standard within the industry. Valuation
                 industri.  Model    penilaian  terutama                          models are used primarily to value
                 digunakan untuk menilai kontrak derivatif                        derivatives transacted in the over-the-
                 yang ditransaksikan melalui pasar over-                          counter market, unlisted debt securities
                 the-counter, unlisted debt securities                            (including those debt with embedded
                 (termasuk surat utang dengan derivatif                           derivatives) and other debt instruments for
                 melekat) dan instrumen utang lainnya                             which markets were or have become
                 yang pasarnya tidak aktif.                                       inactive.

                 Untuk instrumen keuangan yang tidak                              For financial instruments with no quoted
                 mempunyai harga pasar, estimasi atas                             market price, a reasonable estimate of the
                 nilai wajar efek-efek ditetapkan dengan                          fair value is determined by reference to
                 mengacu pada nilai wajar instrumen lain                          the fair value of another instrument which
                 yang substansinya sama atau dihitung                             substantially has the same characteristics
                 berdasarkan arus kas yang diharapkan                             or calculated based on the expected cash
                 terhadap aset bersih efek-efek tersebut.                         flows of the underlying net asset base of
                                                                                  the marketable securities.

                 Hasil dari suatu teknik penilaian                                The output of a valuation technique is an
                 merupakan       sebuah     estimasi     atau                     estimation or approximation of a value
                 perkiraan dari suatu nilai yang tidak dapat                      that cannot be determined with certainty,
                 ditentukan dengan pasti, dan teknik                              and the valuation technique employed
                 penilaian yang digunakan mungkin tidak                           may not fully reflect all factors relevant to
                 dapat menggambarkan seluruh faktor                               the positions that the Group holds.
                 yang relevan atas posisi yang dimiliki                           Valuations are therefore adjusted, with
                 Grup.     Dengan    demikian,      penilaian                     additional factors such as model risk,
                 disesuaikan dengan faktor tambahan                               liquidity risk and counterparty credit risk.
                 seperti model risk, risiko likuiditas dan                        Based on the established fair value
                 risiko kredit counterparty. Berdasarkan                          valuation      technique    policy,   related
                 kebijakan teknik penilaian nilai wajar,                          controls      and     procedures     applied,
                 pengendalian      dan     prosedur     yang                      management believes that these valuation
                 diterapkan, manajemen berkeyakinan                               adjustments        are    necessary      and
                 bahwa penyesuaian atas penilaian                                 considered appropriate to fairly state the
                 tersebut di atas diperlukan dan dianggap                         values of financial instruments measured
                 tepat untuk menyajikan secara wajar nilai                        at fair value in the consolidated statement
                 dari instrumen keuangan yang diukur                              of financial position. Price data and
                 berdasarkan nilai wajar dalam laporan                            parameters used in the measurement
                 posisi keuangan konsolidasian. Data                              procedures        applied   are     generally
                 harga dan parameter yang digunakan di                            reviewed and adjusted, if necessary,
                 dalam     prosedur    pengukuran       pada                      particularly in view of the current market
                 umumnya telah ditelaah dan disesuaikan                           developments.
                 jika    diperlukan,   khususnya       untuk
                 perkembangan atas pasar terkini.

                 Nilai wajar atas pinjaman yang diberikan                         The fair value for loans and receivables
                 dan piutang, serta liabilitas kepada bank                        as well as liabilities to banks and
                 dan nasabah ditentukan menggunakan                               customers are determined using a present
                 nilai berdasarkan arus kas kontraktual,                          value model on the basis of contractually
                 dengan       mempertimbangkan      kualitas                      agreed cash flows, taking into account
                 kredit, likuiditas dan biaya.                                    credit quality, liquidity and costs.




                                                      Halaman - 38 - Page
                                                                              Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1163
Page 577
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                             Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank                  Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                        ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            c.    Aset dan liabilitas keuangan (lanjutan)                        c.       Financial assets and liabilities (continued)

                  (ix) Pengukuran nilai wajar (lanjutan)                                  (ix) Fair value measurement (continued)

                      Semua aset dan liabilitas dimana nilai                                  All assets and liabilities which fair value is
                      wajar diukur atau diungkapkan dalam                                     measured      or      disclosed     in    the
                      laporan keuangan konsolidasian dapat                                    consolidated financial statements can be
                      dikategorikan pada level hirarki nilai wajar,                           classified in fair value hierarchy levels,
                      berdasarkan tingkatan sebagai berikut:                                  based on following level:

                      - Tingkat 1: Harga kuotasian (tidak                                     - Level 1: Quoted price (unadjusted) in
                        disesuaikan) dari pasar aktif untuk aset                                active markets for identical assets or
                        atau liabilitas yang identik.                                           liabilities.
                      - Tingkat 2: Input selain harga yang                                    - Level 2: Inputs other than quoted prices
                        dikutip dari pasar yang disertakan pada                                 included within Level 1 that are
                        Tingkat 1 yang dapat diobservasi untuk                                  observable for the asset or liability,
                        aset dan liabilitas, baik secara langsung                               either directly (as a price) or indirectly
                        (yaitu sebagai suatu harga) atau secara                                 (as derived from price).
                        tidak langsung (sebagai turunan dari
                        harga).
                      - Tingkat 3: Input untuk aset atau liabilitas                           - Level 3: Input for asset or liability based
                        yang tidak didasarkan pada data pasar                                   on unobservable inputs for the asset or
                        yang dapat diobservasi (informasi yang                                  liability.
                        tidak dapat diobservasi).

                  (x) Cadangan kerugian penurunan nilai atas                              (x) Allowance for impairment            losses   on
                      aset keuangan                                                           financial assets
                                                                                      •
                      •    Grup mengakui penyisihan kerugian                          •       •   The Group recognizes the allowance
                           kredit ekspektasian pada instrumen                                     for expected credit losses on financial
                           keuangan yang tidak diukur pada nilai                                  instruments that are not measured at
                           wajar melalui laba rugi.                                               fair value through profit or loss.
                                                                                      •
                      •    Tidak ada penyisihan kerugian kredit                       •       •   There is no allowance for expected
                           ekskpektasian      pada    investasi                                   credit losses on investment in equity
                           instrumen ekuitas.                                                     instruments.

                      •    Grup mengukur cadangan kerugian                            •       •   The Group measure the allowance for
                           sejumlah       kerugian     kredit                                     losses for the lifetime of an expected
                           ekspektasian sepanjang umurnya,                                        credit losses, except          for the
                           kecuali untuk hal berikut, diukur                                      following, which are measured
                           sejumlah       kerugian     kredit                                     according to 12 months expected
                           ekspektasian 12 bulan:                                                 credit losses:
                                                                                                  •    debt instruments that have low
                           •    instrumen utang yang memiliki
                                                                                                       credit risk at the reporting date;
                                risiko kredit rendah pada tanggal
                                                                                                       and
                                pelaporan; dan
                                                                                                  •    other financial instruments for
                           •    instrumen keuangan lainnya
                                                                                                       which credit risk has not
                                yang risiko kreditnya tidak
                                                                                                       increased significantly since
                                meningkat secara signifikan
                                                                                                       initial recognition.
                                sejak pengakuan awal.

                      Grup menganggap instrumen utang                                         The Group considers debt instruments to
                      memiliki risiko kredit yang rendah ketika                               have low credit risk when the credit risk
                      peringkat risiko kreditnya setara dengan                                rating is at par with the definition of
                      definisi investment grade.                                              investment grade.




                                                            Halaman - 39 - Page
1164   Menduniakan Bisnis Indonesia
Page 578
      Permodalan & Praktik          Tata Kelola     Tanggung Jawab
                                          PT BANK NEGARA           Sosial
                                                              INDONESIA       Komitmen Tbk
                                                                          (PERSERO)                         Laporan
       Manajemen Risiko             Perusahaan         dan Lingkungan           ESG                        Keuangan
                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN                AKUNTANSI        YANG         2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES (continued)

     c.   Aset dan liabilitas keuangan (lanjutan)                         c.   Financial assets and liabilities (continued)

          (x) Cadangan kerugian penurunan nilai atas                           (x) Allowance for impairment                  losses      on
              aset keuangan (lanjutan)                                             financial assets (continued)

                 Kerugian kredit ekspektasian 12 bulan                              The 12-month expected credit loss is part
                 adalah bagian dari kerugian kredit                                 of the expected credit loss throughout its
                 ekspektasian sepanjang umurnya yang                                lifetime that represents an expected credit
                 merepresentasikan    kerugian    kredit                            loss arising from a default on financial
                 ekspektasian yang timbul dari peristiwa                            instruments that might occur 12 months
                 gagal bayar instrumen keuangan yang                                after reporting date.
                 mungkin terjadi dalam 12 bulan setelah
                 tanggal pelaporan.

                 Pengukuran            Kerugian         Kredit                      Measurement            of     Expected          Credit
                 Ekspektasian                                                       Losses

                 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                                measured as follows:
                 berikut:
                  •    aset keuangan yang tidak memburuk                            •    financial assets that do not deteriorate
                       pada tanggal pelaporan, kerugian                                  at the reporting date, the expected
                       kredit ekspektasian diukur sepanjang                              credit loss is measured at the lifetime
                       umur      aset   yang      timbul  dari                           cash shortfalls arising from possible
                       kemungkinan gagal bayar di masa                                   default events up to 12 months into
                       yang akan datang dalam kurun waktu                                the future from the reporting date.
                       12 bulan sejak tanggal pelaporan.                                 Expected credit losses continue to be
                       Kredit ekspektasian terus ditentukan                              determined on this basis until there is
                       oleh dasar ini sampai timbul                                      either a significant increase in the
                       peningkatan     risiko    kredit  yang                            credit risk of an instrument or the
                       signifikan pada instrumen tersebut                                instrument becomes credit impaired. If
                       atau     instrumen     tersebut   telah                           an instrument is no longer considered
                       mengalami penurunan nilai kredit.                                 to exhibit a significant increase in
                       Jika suatu instrumen tidak lagi                                   credit risk, expected credit losses will
                       dianggap menunjukkan peningkatan                                  revert to being determined on a 12-
                       risiko kredit yang signifikan, maka                               month basis;
                       kerugian kredit ekspektasian dihitung
                       kembali berdasarkan basis 12 bulan;
                  •    aset keuangan yang memburuk pada                             •    financial assets that deteriorate at the
                       tanggal pelaporan, kerugian kredit                                reporting date, the expected credit
                       ekspektasian diukur sebesar selisih                               loss is measured at the difference
                       antara jumlah tercatat bruto dan nilai                            between the gross carrying amount
                       kini arus kas masa depan yang                                     and the present value of estimated
                       diestimasi;                                                      future cash flows;
                  •    komitmen pinjaman yang belum                                 •    for undisbursed loan commitments,
                       ditarik, kerugian kredit ekspektasian                             expected credit losses are measured
                       diukur sebesar selisih antara nilai kini                          at the difference between the present
                       jumlah arus kas jika komitmen ditarik                             value of the amount of cash flow if the
                       dan arus kas yang diperkirakan akan                               commitments is withdrawn and the
                       diterima oleh Grup;                                              cash flow expected to be received by
                                                                                         the Group;
                 •      kontrak jaminan keuangan, kerugian                          •    for financial guarantee contracts,
                        kredit ekspektasian diukur sebesar                               expected credit losses are measured
                        selisih antara pembayaran yang                                   at the difference between the
                        diperkirakan     untuk      mengganti                            estimated payments to replace the
                        pemegang atas kerugian kredit yang                               holder for the credit losses incurred
                        terjadi   dikurangi    jumlah   yang                             less the amount estimated to be
                        diperkirakan dapat dipulihkan.                                   recoverable.



                                                        Halaman - 40 - Page
                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1165
Page 579
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                    ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            c.    Aset dan liabilitas keuangan (lanjutan)                        c.   Financial assets and liabilities (continued)
                  (x) Cadangan kerugian penurunan nilai atas                          (x) Allowance for impairment            losses   on
                      aset keuangan (lanjutan)                                            financial assets (continued)
                      Aset Keuangan yang Direstrukturisasi                                Restructured Financial Assets
                      Jika     ketentuan     aset   keuangan                              If the terms of the financial assets are
                      dinegosiasikan ulang atau dimodifikasi                              renegotiated or modified or the existing
                      atau aset keuangan yang ada diganti                                 financial assets are replaced with new
                      dengan yang baru karena kesulitan                                   ones due to the borrower’s financial
                      keuangan peminjam, maka dilakukan                                   difficulties, an assessment is made
                      penilaian apakah aset keuangan yang ada                             whether recognition of existing financial
                      harus dihentikan pengakuannya dan                                   assets must be derecognized and
                      kerugian kredit ekspektasian diukur                                 expected credit losses measured as
                      sebagai berikut:                                                    follows:
                      •   Apabila       syarat-syarat   tersebut                          •   If the terms are substantially different,
                          berbeda secara substansial, Grup                                    the Group derecognises the original
                          menghentikan        pengakuan      aset                             financial asset and recognizes a ‘new’
                          keuangan awal dan mengakui aset                                     asset at fair value and recalculates a
                          keuangan yang ‘baru’ pada nilai                                     new effective interest rate for the
                          wajarnya dan menghitung kembali                                     asset. The date of renegotiation is
                          suku bunga efektif yang baru untuk                                  consequently considered to be the
                          aset tersebut. Tanggal renegosiasi                                  date     of   initial     recognition   for
                          syarat pinjaman dianggap sebagai                                    impairment      calculation      purposes,
                          tanggal pengakuan awal untuk                                        including    for      the    purpose     of
                          keperluan perhitungan penurunan                                     determining whether a significant
                          nilai, termasuk untuk menentukan                                    increase in credit risk has occurred.
                          apakah terdapat kenaikan signifikan                                 However, the Group also assesses
                          risiko kredit. Namun, Grup juga                                     whether the new financial asset
                          menilai apakah aset keuangan baru                                   recognized is deemed to be credit-
                          dianggap sebagai aset keuangan                                      impaired     at      initial   recognition,
                          yang mengalami penurunan nilai pada                                 especially in circumstances where the
                          pengakuan awal, terutama dalam                                      renegotiation was driven by the debtor
                          keadaan dimana renegosiasi didorong                                 being unable to make the originally
                          oleh peminjam yang tidak dapat                                      agreed payments. Differences in the
                          melakukan pembayaran yang sudah                                     carrying amount are also recognised in
                          disetujui sebelumnya. Selisih dari nilai                            the consolidated statement of profit or
                          tercatat juga diakui pada laporan laba                              loss in allowance for impairment
                          rugi konsolidasian di pembentukan                                   losses as a gain or loss on
                          cadangan kerugian penurunan nilai                                   derecognition. For the Group, to the
                          sebagai laba rugi dari penghentian                                  extent that the loss does relate to
                          pengakuan aset keuangan. Untuk                                      credit risk, the Group classifies that
                          Grup, bila kerugian berelasi dengan                                 loss within allowance for impairment
                          risiko kredit, Grup mengklasifikasikan                              losses.
                          kerugian ke dalam pembentukan
                          cadangan kerugian penurunan nilai.
                      •   Apabila syarat-syarat tersebut tidak                            •   If the terms are not substantially
                          berbeda          secara       substansial,                          different,    the     renegotiation   or
                          renegosiasi          atau       modifikasi                          modification does not result in
                          tidak     menghasilkan       penghentian                            derecognition,      and    the     Group
                          pengakuan, dan Grup menghitung                                      recalculates the gross carrying
                          kembali        nilai    tercatat    bruto                           amount based on the revised cash
                          berdasarkan arus kas yang sudah                                     flows of the financial asset and
                          dimodifikasi dari aset keuangan dan                                 recognizes a modification gain or loss
                          mengakui laba atau rugi modifikasian                                in consolidated statements of profit or
                          di laporan laba rugi konsolidasian.                                 loss. The new gross carrying amount
                          Nilai tercatat bruto yang baru dihitung                             is recalculated by discounting the
                          kembali dengan mendiskontokan arus                                  modified cash flows at the original
                          kas yang telah dimodifikasi dengan                                  effective interest rate.
                          menggunakan tingkat suku bunga
                          efektif awal.



                                                             Halaman - 41 - Page
1166   Menduniakan Bisnis Indonesia
Page 580
      Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                         Laporan
       Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                        Keuangan
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN             AKUNTANSI       YANG          2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES (continued)

     c.   Aset dan liabilitas keuangan (lanjutan)                      c.   Financial assets and liabilities (continued)

          (x) Cadangan kerugian penurunan nilai atas                        (x) Allowance for impairment                  losses      on
              aset keuangan (lanjutan)                                          financial assets (continued)

                 Aset Keuangan yang Memburuk                                     Credit-impaired Financial Assets

                 Pada setiap tanggal pelaporan, Grup                             At each reporting date, the Group
                 menilai apakah aset keuangan yang                               assesses whether the financial assets
                 dicatat pada biaya perolehan diamortisasi                       recorded at amortized cost and the debt
                 dan aset keuangan instrumen utang yang                          instrument financial assets which are
                 dicatat   pada    nilai  wajar     melalui                      recorded at fair value through other
                 penghasilan komprehensif lain mengalami                         comprehensive income are credit-
                 penurunan nilai kredit (memburuk). Aset                         impaired (worsening). Financial assets
                 keuangan memburuk ketika satu atau                              deteriorate when one or more events that
                 lebih peristiwa yang memiliki dampak                            have an adverse effect on the estimated
                 merugikan atas estimasi arus kas masa                           future cash flows of the financial assets
                 depan dari aset keuangan telah terjadi.                         have occurred.

                 Bukti bahwa aset keuangan mengalami                              Evidence that financial assets become
                 penurunan nilai kredit (memburuk)                                credit impaired including observable data
                 termasuk data yang dapat diobservasi                             regarding the following events:
                 mengenai peristiwa berikut ini:
                  • 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
                     gagal bayar atau peristiwa tunggakan;                         or arrears;
                  • pihak pemberi pinjaman, untuk alasan                          • the lender, for economic or contractual
                     ekonomi atau kontraktual sehubungan                            reasons in relation to the financial
                     dengan kesulitan keuangan yang                                 difficulties    experienced   by      the
                     dialami    pihak     peminjam,   telah                         borrower, has given concessions to
                     memberikan konsesi pada pihak                                  the borrower which is not possible if
                     peminjam      yang     tidak  mungkin                          the borrower does not experience
                     diberikan jika pihak peminjam tidak                            such difficulties;
                     mengalami kesulitan tersebut;
                  • terjadi kemungkinan bahwa pihak                               • it is probable that the borrower will
                     peminjam akan dinyatakan pailit atau                           enter bankruptcy or the other financial
                     melakukan reorganisasi keuangan                                reorganization;
                     lainnya; 
                  • hilangnya pasar aktif dari aset                               • loss of an active market for financial
                     keuangan akibat kesulitan keuangan;                            assets due to financial difficulties; or
                     atau
                  • pembelian atau penerbitan aset                                • purchase or issuance of financial asset
                     keuangan dengan diskon sangat                                  at significant discount which reflect the
                     besar yang mencerminkan kerugian                               credit loss that occurs.
                     kredit yang terjadi.




                                                    Halaman - 42 - Page
                                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1167
Page 581
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN             AKUNTANSI        YANG           2.   SUMMARY OF MATERIAL                   ACCOUNTING
            MATERIAL (lanjutan)                                                 POLICIES (continued)

            c.    Aset dan liabilitas keuangan (lanjutan)                       c.   Financial assets and liabilities (continued)

                  (x) Cadangan kerugian penurunan nilai atas                         (x) Allowance for impairment           losses   on
                      aset keuangan (lanjutan)                                           financial assets (continued)

                      Aset Keuangan yang dibeli atau yang                                Purchased     or    originated   credit-
                      berasal dari aset keuangan memburuk                                impaired financial assets - POCI

                      Aset keuangan dikategorikan sebagai                                Financial assets are categorized as POCI
                      POCI apabila terdapat bukti objektif                               if there is objective evidence of
                      penurunan nilai pada saat pengakuan                                impairment at initial recognition. At initial
                      awal. Pada saat pengakuan awal, tidak                              recognition, no allowance for credit losses
                      ada penyisihan kerugian kredit yang                                is recognized because the purchase price
                      diakui karena harga pembelian atau                                 or value has included lifetime estimated
                      nilainya telah termasuk estimasi kerugian                          credit losses. Subsequently, any changes
                      kredit sepanjang umurnya. Selanjutnya,                             in the lifetime expected credit losses will
                      setiap     perubahan    kerugian    kredit                         be recognised as an impairment gain or
                      ekspektasian sepanjang umurnya akan                                loss in the consolidated statement of
                      diakui sebagai keuntungan atau kerugian                            profit or loss.
                      penurunan nilai dalam laporan laba rugi
                      konsolidasian.

                      Penyajian Penyisihan Kerugian Kredit                               Presentation  of   Allowance    for
                      Ekspektasian Dalam Laporan Posisi                                  Expected Credit Losses in      the
                      Keuangan Konsolidasian                                             Statement of Consolidated Financial
                                                                                         Position

                      Penyisihan kerugian kredit ekspektasian                            Allowance for expected credit losses is
                      disajikan dalam laporan posisi keuangan                            presented      in    the   statement      of
                      konsolidasian sebagai berikut:                                     consolidated financial positions as
                                                                                         follows:
                      •   aset keuangan yang diukur pada                                  • for financial assets measured at
                          biaya      perolehan       diamortisasi,                            amortized    cost,    allowance     for
                          penyisihan        kerugian        kredit                            expected credit losses is presented as
                          ekspektasian      disajikan    sebagai                              a deduction from the gross carrying
                          pengurang dari jumlah tercatat bruto                                amount of the asset;
                          aset;
                      •   komitmen pinjaman dan kontrak                                   •   for loan commitments and financial
                          jaminan      keuangan,       penyisihan                             guarantee contracts, allowance for
                          kerugian kredit ekspektasian disajikan                              expected credit losses is presented as
                          sebagai provisi;                                                   a provision;
                      •   instrumen utang yang diukur pada                                •   for debt instruments measured at fair
                          nilai wajar melalui penghasilan                                     value through other comprehensive
                          komprehensif       lain,     penyisihan                             income, allowance for expected credit
                          kerugian kredit ekspektasian tidak                                  losses are not recognized in the
                          diakui dalam laporan posisi keuangan                                statement     of   financial   position
                          karena jumlah tercatat dari aset-aset                               because the carrying amounts of
                          ini adalah nilai wajarnya. Namun                                    these assets are at their fair values.
                          demikian penyisihan kerugian kredit                                 However, allowance for expected
                          ekspektasian diungkapkan dan diakui                                 credit losses is disclosed and
                          dalam penghasilan komprehensif lain.                               recognized in other comprehensive
                                                                                              income.




                                                            Halaman - 43 - Page
1168   Menduniakan Bisnis Indonesia
Page 582
      Permodalan & Praktik         Tata Kelola     Tanggung Jawab
                                         PT BANK NEGARA           Sosial
                                                             INDONESIA       Komitmen Tbk
                                                                         (PERSERO)                           Laporan
       Manajemen Risiko            Perusahaan         dan Lingkungan           ESG                          Keuangan
                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN               AKUNTANSI        YANG         2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES (continued)

     c.   Aset dan liabilitas keuangan (lanjutan)                        c.   Financial assets and liabilities (continued)

          (x) Cadangan kerugian penurunan nilai atas                          (x) Allowance for impairment                  losses      on
              aset keuangan (lanjutan)                                            financial assets (continued)

                 Perhitungan penurunan nilai secara                                Individual impairment calculation
                 individual

                 Bank     menetapkan         pinjaman      yang                    The Bank determines that loans should be
                 diberikan     yang      harus       dievaluasi                    evaluated    for    impairment     through
                 penurunan nilainya secara individual,                             individual evaluation with the following
                 dengan ketentuan sebagai berikut:                                 criteria:
                 a. Pinjaman yang diberikan Segmen                                 a. Loans for Corporate and Middle
                     Korporasi dan Menengah yang                                        Segment that meet the criteria:
                     memenuhi kriteria:
                     • Memiliki umur tunggakan lebih dari                                •   Has overdue age more than 90
                        90 hari (kolektibilitas 3-5); atau                                   days (collectability 3-5); or
                     • Memiliki rating default (rating                                   •   Has a default rating (rating
                        20-23); atau                                                         20-23); or
                     • Memiliki rating non-investment                                    •   Has a non-investment grade
                        grade (rating 13-19) dan dilakukan                                   rating (rating 13-19) and is
                        restrukturisasi      (kecuali     untuk                              undergoing restructuring (except
                        restrukturisasi Covid-19).                                           for restructuring Covid-19).
                 b. Pinjaman yang diberikan Segmen                                 b.    Loans for Small and Consumer
                     Kecil dan Konsumer yang memiliki                                    Segment with the maximum of more
                     maksimum lebih besar atau sama                                      than or equal to Rp15 billion (full
                     dengan Rp15 miliar (nilai penuh) yang                               amount) that meet the criteria:
                     memenuhi kriteria:                                                  
                     • Memiliki umur tunggakan lebih dari                                •   Has overdue age > 90 days
                        90 hari (kolektibilitas 3-5); atau                                   (collectability 3-5); or
                     • Dilakukan restrukturisasi (kecuali                                •   Has been restructured (except
                        untuk restrukturisasi Covid-19).                                     for restructuring Covid-19).

                 Perhitungan penurunan nilai secara                                Collective impairment calculation
                 kolektif

                 Bank     menetapkan       pinjaman     yang                       The Bank determines loans to be
                 diberikan     yang    harus       dievaluasi                      evaluated       for    impairment      through
                 penurunan nilainya secara kolektif, jika                          collective evaluation if one of the following
                 memenuhi salah satu kriteria di bawah ini:                        criteria is met:
                 a. Pinjaman yang diberikan yang secara                            a. Loans        which     individually    have
                     individual     memiliki    nilai   tidak                           insignificant value; or
                     signifikan; atau
                 b. Pinjaman yang diberikan yang                                   b. Restructured loans which individually
                     direstrukturisasi     yang       secara                          have insignificant value.
                     individual     memiliki    nilai   tidak
                     signifikan.

                 Penerimaan    kembali    atas   aset                              Recoveries          of     written-off      financial
                 keuangan yang telah dihapusbukukan                                assets

                 Ketika pinjaman yang diberikan tidak                              When a loan is uncollectible, it is written-
                 tertagih, pinjaman yang diberikan tersebut                        off against the related allowance for
                 dihapusbuku dengan menjurnal balik                                impairment loss. Such loans are written
                 cadangan kerugian penurunan nilai.                                off after all the necessary procedures
                 Pinjaman yang diberikan tersebut dapat                            have been completed and the amount of
                 dihapus buku setelah semua prosedur                               the loss has been determined.
                 yang diperlukan telah dilakukan dan
                 jumlah kerugian telah ditentukan.




                                                        Halaman - 44 - Page
                                                                               Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1169
Page 583
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                   ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            c.    Aset dan liabilitas keuangan (lanjutan)                        c.   Financial assets and liabilities (continued)

                  (x) Cadangan kerugian penurunan nilai atas                          (x) Allowance for impairment           losses   on
                      aset keuangan (lanjutan)                                            financial assets (continued)

                      Penerimaan   kembali    atas   aset                                 Recoveries of written-off             financial
                      keuangan yang telah dihapusbukukan                                  assets (continued)
                      (lanjutan)

                      Penerimaan kembali atas aset keuangan                               The recoveries of written-off financial
                      yang telah dihapusbukukan pada tahun                                assets in the current year are credited by
                      berjalan        dikreditkan     dengan                              adjusting the allowance for impairment
                      menyesuaikan akun cadangan kerugian                                 losses accounts. Recoveries of written-off
                      penurunan nilai. Penerimaan kembali atas                            financial assets from previous years are
                      aset      keuangan         yang    telah                            recorded as operating income other than
                      dihapusbukukan pada tahun sebelumnya                                interest income.
                      dicatat sebagai pendapatan operasional
                      selain pendapatan bunga.

            d.    Prinsip konsolidasian                                          d.   Principles of consolidation

                  Laporan keuangan konsolidasian meliputi                             The consolidated financial statements include
                  laporan keuangan BNI beserta seluruh                                the financial statements of BNI and all its
                  Entitas Anak yang berada di bawah                                   Subsidiaries that are controlled by BNI.
                  pengendalian BNI. Entitas anak adalah                               Subsidiaries are all entities (including
                  seluruh entitas (termasuk entitas terstruktur)                      structured entities) over which the Group has
                  dimana Grup memiliki pengendalian.                                  control.

                  Dalam hal pengendalian terhadap Entitas                             Where Subsidiaries either began or ceased to
                  Anak dimulai atau diakhiri dalam suatu tahun                        be controlled during the year, the results of
                  berjalan, maka hasil usaha Entitas Anak yang                        operations of those Subsidiaries are included
                  diperhitungkan ke dalam laporan keuangan                            in the consolidated financial statements only
                  konsolidasian hanya sebatas hasil pada saat                         from the date that the control has commenced
                  pengendalian tersebut mulai diperoleh atau                          or up to the date that the control has ceased.
                  hingga saat pengendalian itu berakhir.

                  Pengendalian didapat ketika BNI terekspos                           Control is acquired when BNI is exposed or
                  atau memiliki hak atas imbal hasil variabel dari                    has rights to variable returns from its
                  keterlibatannya dengan Entitas Anak dan                             involvement with Subsidiaries and has the
                  memiliki kemampuan untuk mempengaruhi                               ability to affect those returns through its power
                  imbal hasil tersebut melalui kekuasaannya                           over Subsidiaries.
                  atas Entitas Anak.

                  BNI mengendalikan Entitas Anak, jika dan                            BNI controls a Subsidiary if, and only if, BNI
                  hanya jika, BNI memiliki hal berikut ini:                           has the following:

                  a) kekuasaan atas Entitas Anak (hak yang                            a) power over a Subsidiary (existing rights
                     ada saat ini yang memberi kemampuan kini                            that provide the current ability to direct the
                     untuk mengarahkan aktivitas relevan yang                            relevant activities that significantly affect
                     secara signifikan mempengaruhi imbal hasil                          returns of a Subsidiary);
                     Entitas Anak);
                  b) eksposur atau hak atas imbal hasil variabel                      b) exposure, or rights to variable returns from
                     dari keterlibatannya dengan Entitas Anak;                           its involvement with the Subsidiary; and
                     dan
                  c) kemampuan         untuk     menggunakan                          c) the ability to use its power over the
                     kekuasaannya atas Entitas Anak untuk                                Subsidiary to affect the amount of the
                     mempengaruhi jumlah imbal hasil Entitas                             Subsidiary’s returns.
                     Anak.




                                                            Halaman - 45 - Page
1170   Menduniakan Bisnis Indonesia
Page 584
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                          Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                         Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG        2.   SUMMARY OF MATERIAL                            ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES (continued)

     d.   Prinsip konsolidasian (lanjutan)                           d.   Principles of consolidation (continued)
          Bila Grup tidak memiliki hak suara atau hak                     When the Group has less than a majority of
          serupa secara mayoritas atas suatu Entitas                      the voting or similar rights of a Subsidiary, the
          Anak, Grup mempertimbangkan semua fakta                         Group considers all relevant facts and
          dan     keadaan       yang    relevan     dalam                 circumstances in assessing whether it has
          mengevaluasi apakah mereka memiliki                             power over a Subsidiary, including:
          kekuasaan atas Entitas Anak, termasuk:
          i)   Pengaturan kontraktual dengan pemilik                      i)     The contractual arrangement with the
               hak suara lainnya dari Entitas Anak,                              other vote holders of the Subsidiary,
          ii) Hak yang timbul atas pengaturan                             ii)    Rights arising from other contractual
               kontraktual lain, dan                                             arrangements, and
          iii) Hak suara dan hak suara potensial yang                     iii)   The Group’s voting rights and potential
               dimiliki Grup.                                                    voting rights.
          Grup menilai kembali apakah mereka                              The Group re-assesses whether or not it
          mengendalikan Entitas Anak bila fakta dan                       controls    a   Subsidiary    if  facts    and
          keadaan mengindikasikan adanya perubahan                        circumstances indicate that there are changes
          terhadap satu atau lebih dari ketiga elemen                     to one or more of the three elements of
          dari pengendalian. Konsolidasi atas Entitas                     control. Consolidation of a Subsidiary begins
          Anak dimulai sejak Grup memperoleh                              when the Group obtains control over the
          pengendalian atas Entitas Anak dan tidak lagi                   Subsidiary and ceases when the Group loses
          mengkonsolidasikan ketika Grup kehilangan                       control of the Subsidiary. Assets, liabilities,
          pengendalian atas Entitas Anak. Aset,                           income and expenses of a Subsidiary acquired
          liabilitas, penghasilan dan beban dari Entitas                  during the year are included in the
          Anak yang diakuisisi pada tahun tertentu                        consolidated financial statements from the
          disertakan      dalam     laporan   keuangan                    date the Group obtains the control up to the
          konsolidasian sejak tanggal Grup memperoleh                     date of the Group ceases the control the
          kendali sampai tanggal Grup tidak lagi                          Subsidiary.
          mengendalikan Entitas Anak tersebut.
          Kombinasi        bisnis    dicatat     dengan                   The acquisition method is used to account for
          menggunakan metode akuisisi. Imbalan yang                       business combinations. The consideration
          diserahkan untuk akuisisi suatu entitas anak                    transferred for the acquisition of a subsidiary is
          adalah sebesar nilai wajar aset yang                            the fair value of the assets given, shares
          diserahkan, saham yang diterbitkan atau                         issued or liabilities incurred at the date of
          liabilitas yang diakui pada tanggal akuisisi.                   acquisition. The excess of the aggregate of the
          Kelebihan jumlah imbalan yang dialihkan dan                     consideration transferred and the fair value of
          nilai wajar jumlah kepentingan non-pengendali                   non-controlling interest over the net identifiable
          atas jumlah aset teridentifikasi bersih yang                    assets acquired and liabilities is recorded as
          diperoleh dan kewajiban yang timbul dicatat                     goodwill. If this consideration is lower than the
          sebagai goodwill. Jika jumlah imbalan yang                      fair value of the net assets of the subsidiary
          diserahkan lebih rendah dari nilai wajar aset                   acquired, the difference is recognized directly
          bersih entitas anak yang diakuisisi, selisihnya                 in the consolidated profit or loss.
          diakui langsung dalam laporan laba rugi
          konsolidasian.
          Jika akuntansi awal untuk kombinasi bisnis                      If the initial accounting of a business
          belum selesai pada akhir periode pelaporan                      combination is incomplete by the end of the
          saat kombinasi terjadi, Grup melaporkan                         reporting period in which the combination
          jumlah sementara untuk pos-pos yang proses                      occurs, the Group reports provisional amounts
          akuntansinya belum selesai dalam laporan                        for the items for which the accounting is
          keuangannya. Selama periode pengukuran,                         incomplete. Those provisional amounts are
          pihak pengakuisisi menyesuaikan, aset atau                      adjusted during the measurement period, or
          liabilitas tambahan yang diakui, untuk                          additional assets or liabilities are recognised,
          mencerminkan informasi baru yang diperoleh                      to reflect new information obtained about facts
          tentang fakta dan keadaan yang ada pada                         and circumstances that existed as of the
          tanggal akuisisi dan, jika diketahui, akan                      acquisition date that, if known, would have
          berdampak pada jumlah yang diakui pada                          affected the amount recognised as of that
          tanggal tersebut.                                               date.



                                                    Halaman - 46 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1171
Page 585
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                   ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)
            d.    Prinsip konsolidasian (lanjutan)                               d.   Principles of consolidation (continued)

                  Untuk setiap akuisisi, Grup mengakui                                The Group recognizes any non-controlling
                  kepentingan non-pengendali pada pihak yang                          interests in the acquiree on an acquisition by
                  diakuisisi baik sebesar nilai wajar atau sebesar                    acquisition basis, either at fair value or at the
                  bagian      proporsional    kepentingan     non-                    non-controlling interest’s proportionate share
                  pengendali atas aset bersih pihak yang                              of the acquiree’s net assets. Non-controlling
                  diakuisisi.     Kepentingan      non-pengendali                     interests are reported as equity in the
                  disajikan di ekuitas dalam laporan posisi                           consolidated statement of financial position,
                  keuangan konsolidasian, terpisah dari ekuitas                       separate from the owner of the parent's equity.
                  pemilik entitas induk.

                  Biaya terkait akuisisi dibebankan pada saat                         Acquisition-related costs are expensed as
                  terjadinya.                                                         incurred.

                  Seluruh saldo dan transaksi termasuk                                All significant balances and transactions,
                  keuntungan/kerugian yang belum direalisasi                          including unrealized gains/losses among BNI
                  antara BNI dan Entitas Anak yang signifikan                         and Subsidiaries are eliminated to reflect the
                  dieliminasi untuk mencerminkan posisi                               consolidated financial position and results of
                  keuangan dan hasil usaha konsolidasian BNI                          operations of BNI and its Subsidiaries as a
                  dan Entitas Anak sebagai satu kesatuan                              single entity.
                  usaha.

                  Laporan keuangan konsolidasian disusun                              The consolidated financial statements are
                  dengan menggunakan kebijakan akuntansi                              prepared using uniform accounting policies for
                  yang sama untuk peristiwa dan transaksi                             transactions    and    events     in     similar
                  sejenis dalam kondisi yang sama. Apabila                            circumstances. If the Subsidiaries’ financial
                  laporan      keuangan      Entitas     Anak                         statements use accounting policies different
                  menggunakan kebijakan akuntansi yang                                from those adopted in the         consolidated
                  berbeda dari kebijakan akuntansi yang                               financial statements, appropriate adjustments
                  digunakan     dalam    laporan     keuangan                         are made to the Subsidiaries’         financial
                  konsolidasian, maka dilakukan penyesuaian                           statements.
                  yang diperlukan terhadap laporan keuangan
                  Entitas Anak tersebut.

                  Kepentingan non-pengendali disajikan di                             The non-controlling interest is presented in the
                  ekuitas dalam laporan posisi keuangan                               equity of the      consolidated statement of
                  konsolidasian    dan dinyatakan sebesar                             financial position and represents the non-
                  proporsi pemegang saham non-pengendali                              controlling stockholders’ proportionate share in
                  atas laba tahun berjalan dan ekuitas Entitas                        the income for the year and equity of the
                  Anak tersebut sesuai dengan persentase                              Subsidiaries based on the percentage of
                  kepemilikan    pemegang      saham     non-                         ownership of the non-controlling stockholders
                  pengendali pada Entitas Anak tersebut.                              in the Subsidiaries.

                  Entitas Asosiasi                                                    Associates

                  Entitas asosiasi adalah seluruh entitas                             Associates are all entities over which the
                  dimana Grup memiliki pengaruh signifikan                            Group has significant influence but not control,
                  namun bukan pengendalian, biasanya melalui                          generally accompanying a shareholding of
                  kepemilikan hak suara antara 20% dan 50%.                           between 20% and 50% of the voting rights.
                  Investasi pada entitas asosiasi dicatat                             Investment in associates are accounted for
                  dengan metode ekuitas, setelah pada                                 using the equity method of accounting, after
                  awalnya diakui pada nilai perolehan dikurangi                       initially being recognised at cost less
                  kerugian penurunan nilai, jika ada.                                 impairment losses, if any.

                  Investasi pada entitas asosiasi pada awalnya                        Investment in an associate is initially
                  diakui sebesar biaya perolehan. Biaya                               recognised at cost. The cost of an acquisition
                  perolehan diukur berdasarkan nilai wajar aset                       is measured at the fair value of the assets
                  yang diserahkan, instrumen ekuitas yang                             transferred, equity instruments issued or
                  diterbitkan atau liabilitas yang timbul atau                        liabilities incurred or assumed as at the date of
                  diambil alih pada tanggal akuisisi, ditambah                        acquisition, plus costs directly attributable to
                  biaya yang berhubungan langsung dengan                              the acquisition.
                  akuisisi.



                                                            Halaman - 47 - Page
1172   Menduniakan Bisnis Indonesia
Page 586
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG        2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES (continued)

     d.   Prinsip konsolidasian (lanjutan)                           d.   Principles of consolidation (continued)

          Entitas Asosiasi (lanjutan)                                     Associates (continued)

          Goodwill pada akuisisi entitas asosiasi                         Goodwill on acquisition of an associate
          merupakan selisih lebih yang terkait dengan                     represents the excess of the cost of acquisition
          biaya perolehan investasi pada entitas                          of the associate over the Group’s share of the
          asosiasi dengan bagian Grup atas nilai wajar                    fair value of the identifiable net assets of the
          neto aset teridentifikasi dari entitas asosiasi                 associate and is included in the carrying
          dan dimasukkan dalam jumlah tercatat                            amount of the investment.
          investasi.

          Dalam menerapkan metode ekuitas, bagian                         In applying the equity method of accounting,
          Grup atas laba rugi entitas asosiasi setelah                    the Group’s share of its associate’s post-
          perolehan diakui dalam laba rugi, dan bagian                    acquisition profit or loss is recognised in profit
          Grup atas penghasilan komprehensif lain                         or loss and its share of post-acquisition other
          setelah tanggal perolehan diakui dalam                          comprehensive income is recognised in other
          penghasilan komprehensif lain.                                  comprehensive income.

          Perubahan dan penerimaan distribusi dari                        These post-acquisition movements and
          entitas asosiasi setelah tanggal perolehan                      distributions received from an associate are
          disesuaikan terhadap nilai tercatat investasi.                  adjusted against the carrying amounts of the
                                                                          investment.

          Jika bagian Grup atas rugi entitas asosiasi                     When the Group’s share of the losses of an
          sama dengan atau melebihi kepentingannya                        associate equals or exceeds its interest in the
          pada entitas asosiasi, termasuk piutang tidak                   associate, including any other unsecured non-
          lancar    tanpa    jaminan,    maka     Grup                    current receivables, the Group does not
          menghentikan pengakuan bagiannya atas                           recognise further losses, unless it has
          rugi lebih lanjut, kecuali Grup memiliki                        obligations to make or has made payments on
          kewajiban untuk melakukan pembayaran atau                       behalf of the associate.
          telah melakukan pembayaran atas nama
          entitas asosiasi.

          Keuntungan yang belum direalisasi atas                          Unrealised gains on transactions between the
          transaksi antara Grup dengan entitas asosiasi                   Group and its associate are eliminated to the
          dieliminasi sebesar bagian Grup dalam                           extent of the Group’s interest in the associate.
          entitas asosiasi tersebut. Kerugian yang                        Unrealised losses are also eliminated unless
          belum direalisasi juga dieliminasi kecuali                      the transaction provides evidence of
          transaksi    tersebut   memberikan      bukti                   impairment of the asset being transferred. The
          penurunan nilai atas aset yang ditransfer.                      accounting policies of the associate will be
          Kebijakan akuntansi entitas asosiasi akan                       changed where necessary to ensure
          disesuaikan,    apabila   diperlukan,   agar                    consistency with the accounting policies
          konsisten dengan kebijakan akuntansi Grup.                      adopted by the Group.

          Dividen yang akan diterima dari entitas                         Dividend receivables from an associate are
          asosiasi diakui sebagai pengurang jumlah                        recognised as reductions in the carrying
          tercatat investasi.                                             amounts of the investment.

          Pada setiap tanggal pelaporan, Grup                             The Group determines at each reporting date
          menentukan apakah terdapat bukti objektif                       whether there is any objective evidence that
          bahwa telah terjadi penurunan nilai atas                        the investment in an associate is impaired. If
          investasi pada entitas asosiasi. Jika bukti                     any such evidence exists, the Group
          tersebut ada, maka Grup menghitung                              calculates the amount of impairment as the
          besarnya penurunan nilai sebagai selisih                        difference between the recoverable amount of
          antara jumlah yang terpulihkan dan nilai                        the associate and its carrying value and
          tercatat atas investasi pada entitas asosiasi                   recognises the amount in profit or loss.
          dan mengakui selisih tersebut pada laba rugi.




                                                    Halaman - 48 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1173
Page 587
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                   ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            d.    Prinsip konsolidasian (lanjutan)                               d.   Principles of consolidation (continued)

                  Entitas Asosiasi (lanjutan)                                         Associates (continued)

                  Jika bagian kepemilikan entitas pada entitas                        If an entity’s ownership interest in an associate
                  asosiasi atau ventura bersama berkurang,                            or a joint venture is reduced, but the
                  tetapi investasi tetap diklasifikasikan masing-                     investment continues to be classified either as
                  masing sebagai entitas asosiasi atau ventura                        an associate or a joint venture respectively,
                  bersama, maka entitas mereklasifikasi ke                            the entity shall reclassify to profit or loss the
                  laba rugi proporsi keuntungan atau kerugian                         proportion of the gain or loss that had
                  yang telah diakui sebelumnya dalam                                  previously      been   recognised      in   other
                  penghasilan komprehensif lain yang terkait                          comprehensive income relating to the
                  dengan pengurangan bagian kepemilikan                               reduction in ownership interest if that gain or
                  tersebut jika keuntungan atau kerugian                              loss would be required to be reclassified to
                  tersebut disyaratkan untuk direklasifikasi ke                       profit or loss on the disposal of the related
                  laba rugi atas pelepasan aset atau liabilitas                       assets or liabilities.
                  yang terkait.

            e.    Transaksi dalam mata uang asing dan                            e.   Foreign     currency      transactions            and
                  penjabaran                                                          translations

                  Transaksi dalam mata uang asing                                     Transactions       denominated      in          foreign
                                                                                      currencies

                  Pos-pos yang disertakan dalam laporan                               Items included in the financial statements of
                  keuangan setiap entitas anggota Grup diukur                         each of the Group’s entities are measured
                  menggunakan mata uang yang sesuai                                   using the currency of the primary economic
                  dengan lingkungan ekonomi utama di mana                             environment in which the entity operates (the
                  entitas beroperasi (“mata uang fungsional”).                        “functional currency”).

                  BNI dan Entitas Anak yang berdomisili di                            BNI and its Subsidiaries domiciled in
                  Indonesia menyelenggarakan pembukuannya                             Indonesia maintain their accounting records
                  dalam mata uang Rupiah, kecuali untuk BNI                           in Rupiah, except for BNI Remittance in
                  Remittance yang pembukuan akuntansinya                              which its accounting records are maintained
                  dilakukan dalam Dolar Amerika Serikat.                              in United States Dollar. Transactions during
                  Transaksi-transaksi dalam mata uang selain                          the year involving currencies other than
                  Rupiah yang terjadi di sepanjang tahun                              Rupiah are recorded at the exchange rates
                  dicatat dengan nilai kurs yang berlaku pada                         prevailing at the time the transactions were
                  saat terjadinya transaksi yang bersangkutan.                        made.

                  Laporan keuangan konsolidasian disajikan                            The consolidated financial statements are
                  dalam Rupiah yang merupakan mata uang                               presented in Rupiah, which is the functional
                  fungsional BNI.                                                     currency of BNI.

                  Pada tanggal laporan posisi keuangan                                At the consolidated statement of financial
                  konsolidasian, aset dan liabilitas moneter                          position date, all monetary assets and
                  dalam mata uang asing dijabarkan ke dalam                           liabilities denominated in foreign currencies
                  mata uang Rupiah dengan menggunakan                                 are translated to Rupiah using the Reuters
                  kurs tengah Reuters pada pukul 15:00 WIB.                           middle rate at 15:00 Western Indonesian
                  Keuntungan atau kerugian yang timbul                                Time (WIB). The resulting gains or losses
                  sebagai akibat dari penjabaran aset dan                             from the translation of monetary assets and
                  liabilitas moneter dalam mata uang asing                            liabilities in foreign currencies are recognized
                  dicatat dalam laporan laba rugi konsolidasian                       in the consolidated statement of profit or loss
                  tahun berjalan.                                                     for the current year.




                                                            Halaman - 49 - Page
1174   Menduniakan Bisnis Indonesia
Page 588
      Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                                Laporan
       Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                               Keuangan
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN              AKUNTANSI      YANG            2.   SUMMARY OF MATERIAL                                ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES (continued)

     e.   Transaksi dalam mata uang asing dan                            e.     Foreign     currency     transactions                      and
          penjabaran (lanjutan)                                                 translations (continued)

          Penjabaran aset dan liabilitas dalam mata                             Translation   of    assets    and    liabilities
          uang asing (lanjutan)                                                 denominated in foreign currencies (continued)

          Pada tanggal 31 Desember 2023 dan                                     As of 31 December 2023 and 2022, the
          2022, kurs mata uang asing yang digunakan                             foreign currency exchange rates used for
          untuk penjabaran mata uang asing terhadap                             translation of foreign currencies to Rupiah are
          Rupiah adalah sebagai berikut (dalam Rupiah                           as follows (amounts in full Rupiah):
          penuh):
                                                   2023                       2022

          1 Pound Sterling Inggris                         19,627                      18,786                Great Britain Pound Sterling 1
          1 Euro Eropa                                     17,038                      16,582                             European Euro 1
          1 Dolar Amerika Serikat                          15,397                      15,568                       United States Dollar 1
          1 Dolar Singapura                                11,676                      11,593                            Singapore Dollar 1
          1 Dolar Australia                                10,521                      10,558                            Australian Dollar 1
          1 Dolar Hong Kong                                 1,971                       1,997                           Hong Kong Dollar 1
          1 Yen Jepang                                        109                         118                              Japanese Yen 1

          Penjabaran laporan keuangan sehubungan                                Translation of financial statements relating to
          dengan konsolidasian laporan cabang BNI                               consolidation of BNI branches domiciled
          yang berkedudukan di luar negeri                                      outside of Indonesia

          Cabang BNI yang berkedudukan di luar                                  BNI’s branches domiciled outside of
          negeri menyelenggarakan pembukuannya                                  Indonesia maintain their accounting records
          dalam   mata   uang    negara tempat                                  in their respective domestic currencies.
          kedudukannya.

          Untuk    tujuan  konsolidasian,    laporan                            For consolidation purposes, the financial
          keuangan cabang BNI tersebut dijabarkan ke                            statements of such branches domiciled
          dalam mata uang Rupiah dengan cara                                    outside of Indonesia are translated into
          sebagai berikut:                                                      Rupiah as follows:

          •      Saldo akun-akun aset dan liabilitas                           •        Assets and liabilities accounts are
                 dijabarkan dengan menggunakan kurs                                     translated using the Reuters spot rates at
                 spot Reuters jam 15:00 WIB pada                                        15:00 WIB at the consolidated statement
                 tanggal    laporan posisi keuangan                                     of financial position date;
                 konsolidasian;

          •      Saldo akun-akun laba rugi setiap                              •        Revenues and expenses accounts are
                 bulannya       dijabarkan        dengan                                translated using the average Reuters
                 menggunakan kurs spot Reuters jam                                      spot rate at 15:00 WIB for the respective
                 15:00 WIB rata-rata untuk bulan yang                                   month. The balances for the year
                 bersangkutan.   Saldo     untuk    tahun                               represent the sum of those monthly
                 berjalan   merupakan      jumlah     dari                              translations;
                 penjabaran bulanan tersebut;

          •      Akun   ekuitas   dijabarkan    dengan                         •        Equity accounts are recorded using the
                 menggunakan kurs historis; dan                                         historical rates; and
          •      Selisih yang timbul sebagai akibat dari                        •       Differences arising from translation are
                 penjabaran ini disajikan di laporan posisi                             presented in the consolidated statement
                 keuangan konsolidasian sebagai bagian                                  of financial position balance as part of
                 dari ekuitas pada akun "Selisih Kurs                                   equity under "Exchange Difference on
                 karena Penjabaran Laporan Keuangan                                     Translation of Foreign Currency Financial
                 dalam Mata Uang Asing".                                                Statements".




                                                    Halaman - 50 - Page
                                                                                    Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1175
Page 589
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                    ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            f.    Giro pada bank lain dan Bank Indonesia                         f.   Current accounts with other banks and
                                                                                      Bank Indonesia
                  Giro pada bank lain dan Bank Indonesia                              The current accounts with other banks and
                  diklasifikasikan sebagai biaya perolehan yang                       Bank Indonesia are classified as amortized
                  diamortisasi. Giro pada bank lain dan Bank                          cost. Current accounts with other banks and
                  Indonesia      dinyatakan    sebesar    biaya                       Bank Indonesia are stated at amortized cost
                  perolehan diamortisasi menggunakan metode                           using the effective interest rate method less
                  suku bunga efektif dikurangi cadangan                               allowance for impairment losses.
                  kerugian penurunan nilai.
                  Lihat Catatan 2c untuk kebijakan akuntansi                          Refer to Note 2c for the accounting policies of
                  atas aset dan liabilitas keuangan.                                  financial assets and liabilities.

            g.    Penempatan pada bank lain dan Bank                             g.   Placements with other banks and Bank
                  Indonesia                                                           Indonesia

                  Penempatan pada bank lain dan Bank                                  Placements with other banks and Bank
                  Indonesia terdiri dari Deposit Facility Bank                        Indonesia consist of Bank Indonesia Deposit
                  Indonesia, Term Deposit, call money dan                             Facility, Term Deposit, call money and time
                  deposito berjangka.                                                 deposits.

                  Penempatan pada bank lain dan Bank                                  Placements with other banks and Bank
                  Indonesia diklasifikasikan sebagai biaya                            Indonesia are classified as amortized cost.
                  perolehan yang diamortisasi. Penempatan                             Placements with other banks are stated at
                  pada bank lain dinyatakan sebesar biaya                             amortized cost using the effective interest
                  perolehan diamortisasi menggunakan metode                           rate method less allowance for impairment
                  suku bunga efektif dikurangi cadangan                               losses.
                  kerugian penurunan nilai.

                  Lihat Catatan 2c untuk kebijakan akuntansi                          Refer to Note 2c for the accounting policies of
                  atas aset dan liabilitas keuangan.                                  financial assets and liabilities.

            h.    Efek-efek dan Obligasi Pemerintah                              h.   Marketable     securities   and     Government
                                                                                      Bonds

                  Efek-efek yang dimiliki terdiri dari Sertifikat                     Marketable securities consist of Certificates of
                  Bank Indonesia (SBI), Sertifikat Deposito Bank                      Bank Indonesia (SBI), Certificates Deposits of
                  Indonesia, unit penyertaan reksa dana,                              Bank Indonesia, mutual fund units, bonds,
                  obligasi, obligasi subordinasi dan instrumen                        subordinated    bonds    and      other     debt
                  utang lainnya yang diperdagangkan di pasar                          instruments traded in the money market and
                  uang dan pasar modal.                                               stock exchanges.

                  Obligasi Pemerintah terdiri dari Obligasi                           Government Bonds consist of Government
                  Rekapitalisasi Pemerintah yang diterbitkan                          Recapitalization Bonds issued to BNI and
                  kepada BNI dan bank lainnya berkaitan                               other banks with respect to the recapitalization
                  dengan program rekapitalisasi Pemerintah dan                        program of the Government and other bonds
                  obligasi lainnya yang diterbitkan oleh                              issued by the Government of Indonesia and
                  Pemerintah Indonesia dan negara lainnya                             other countries, that are not related to the
                  yang tidak berkaitan dengan program                                 recapitalization program, acquired through the
                  rekapitalisasi yang diperoleh melalui pasar                         primary and secondary markets.
                  perdana dan sekunder.
                  Pada saat pengakuan awal, efek-efek dan                             At initial recognition, the marketable securities
                  Obligasi Pemerintah dicatat sesuai dengan                           and Government Bonds are recorded
                  kategorinya       yaitu    aset     keuangan                        according to their category, i.e., amortized
                  diklasifikasikan pada biaya perolehan yang                          cost, fair value through other comprehensive
                  diamortisasi, nilai wajar melalui penghasilan                       income or at fair value through profit or loss.
                  komprehensif lain atau nilai wajar melalui laba
                  rugi.

                  Lihat Catatan 2c untuk kebijakan akuntansi                          Refer to Note 2c for the accounting policies of
                  atas aset dan liabilitas keuangan.                                  financial assets and liabilities.



                                                            Halaman - 51 - Page
1176   Menduniakan Bisnis Indonesia
Page 590
      Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                               Laporan
       Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                              Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                       31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG            2.   SUMMARY OF MATERIAL                              ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES (continued)

     h.   Efek-efek dan Obligasi Pemerintah (lanjutan)                   h.   Marketable securities                 and      Government
                                                                              Bonds (continued)

          Surat Berharga Syariah adalah surat bukti                           Sharia Securities are proof of investment
          investasi berdasarkan prinsip syariah yang                          based on sharia principles that are commonly
          lazim diperdagangkan di pasar uang syariah                          traded in the sharia money market and/or
          dan/atau pasar modal syariah antara lain                            sharia capital markets, including sharia bonds
          obligasi syariah (sukuk) dan surat berharga                         (sukuk) and other securities following sharia
          lainnya berdasarkan prinsip syariah.                                principles.

          Pada saat pengakuan awal, Grup mengakui                             At initial recognition, the Group recognise
          investasi pada sukuk sebagai diukur pada                            investments in sukuk are stated at cost and
          biaya perolehan dan pada nilai wajar melalui                        measured at fair value through other
          penghasilan komprehensif lain sebesar nilai                         comprehensive      income    at   fair   value
          wajar ditambah atau dikurangi biaya transaksi                       increase/decrease transaction cost related to
          terkait   perolehan    investasi    tersebut.                       acquisition investment. Whereas investment in
          Sedangkan investasi pada Sukuk ijarah dan                           sukuk ijarah and sukuk mudharabah
          sukuk mudharabah yang diukur pada nilai                             measured at fair value through profit and loss
          wajar melalui laba rugi diakui sebesar nilai                        and recognise at fair value.
          wajar.

           Grup menentukan klasifikasi investasi pada                         The Group defines the classification of
           surat berharga, khususnya sukuk, berdasarkan                       investment      in    marketable     securities,
           model usaha yang ditentukan berdasarkan                            specifically sukuk, based on business model in
           klasifikasi sesuai PSAK 110 (Revisi 2020)                          accordance with SFAS 110 (Revised 2020) on
           tentang “Akuntansi Sukuk" sebagai berikut:                         "Accounting for Sukuk" as follows:
           • Surat berharga diukur pada biaya                                 • At cost securities are stated at cost
              perolehan       disajikan   sebesar    biaya                        (including transaction costs), adjusted by
              perolehan (termasuk biaya investasi) yang                           unamortised premium and/or discount.
              yang disesuaikan dengan premi dan/atau                              Premium and discount are amortised over
              diskonto yang belum diamortisasi. Premi                             the period until maturity.
              dan diskonto diamortisasi selama periode
              hingga jatuh tempo.
          •    Surat berharga diukur pada nilai wajar           •             •       Securities are stated at fair values through
               melalui laba rugi, yang dinyatakan sebesar                             profit or loss, and stated at fair value.
               nilai wajar. Keuntungan atau kerugian yang                             Unrealized gains or losses from the
               belum direalisasi akibat kenaikan atau                                 increase or decrease in fair values are
               penurunan nilai wajarnya disajikan dalam                               presented in current period profit or loss.
               laporan      laba     rugi  periode   yang
               bersangkutan.
          •    Surat berharga yang diukur pada nilai                          •       At fair value through other comprehensive
               wajar melalui penghasilan komprehensif                                 income securities are measured at fair
               lainnya disajikan sebesar nilai wajar.                                 value. Unrealized gains or losses from the
               Keuntungan atau kerugian yang belum                                    increase or decrease in fair value are
               direalisasi akibat kenaikan atau penurunan                             presented in other comprehensive
               nilai wajarnya disajikan dalam penghasilan                             income. Premium and discount are
               komprehensif lain. Premi dan diskonto                                  amortized over the period until maturity.
               diamortisasi selama periode hingga jatuh
               tempo.




                                                    Halaman - 52 - Page
                                                                                  Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1177
Page 591
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                    ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            i.    Efek-efek yang dibeli/dijual dengan janji                      i.   Securities     purchased/sold                    under
                  dijual/dibeli kembali                                               agreements to resell/repurchase

                  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 dibeli dengan janji untuk dijual                     Securities purchased under agreements to
                  kembali disajikan sebagai aset dalam laporan                        resell are presented as assets in the
                  posisi keuangan konsolidasian sebesar jumlah                        consolidated statement of financial position,
                  penjualan     kembali    dikurangi     dengan                       at the resale price net of unamortized interest
                  pendapatan bunga yang belum diamortisasi                            income and allowance for impairment losses.
                  dan cadangan kerugian penurunan nilai.                              The difference between the purchase price
                  Selisih antara harga beli dan harga jual                            and the resale price is treated as unearned
                  kembali diperlakukan sebagai pendapatan                             interest income, and recognized as income
                  bunga yang ditangguhkan, dan diakui sebagai                         over the period starting from when those
                  pendapatan selama periode sejak efek-efek                           securities are purchased until they are sold
                  tersebut dibeli hingga dijual menggunakan                           using effective interest rate method.
                  suku bunga efektif.

                  Efek-efek yang dijual dengan janji untuk dibeli                     Securities sold under agreements to
                  kembali diklasifikasikan sebagai liabilitas                         repurchase are classified as financial
                  keuangan yang diukur dengan biaya perolehan                         liabilities measured at amortized cost.
                  diamortisasi.

                  Efek-efek yang dijual dengan janji untuk dibeli                     Securities sold under agreements to
                  kembali disajikan sebagai liabilitas dalam                          repurchase are presented as liabilities in the
                  laporan    posisi   keuangan    konsolidasian                       consolidated statement of financial position,
                  sebesar jumlah pembelian kembali, dikurangi                         at the repurchase price, net of unamortized
                  dengan bunga dibayar di muka yang belum                             prepaid interest. The difference between the
                  diamortisasi. Selisih antara harga jual dan                         selling price and the repurchase price is
                  harga beli kembali diperlakukan sebagai                             treated as prepaid interest and recognized as
                  bunga dibayar di muka dan diakui sebagai                            interest expense over the period starting
                  beban bunga selama jangka waktu sejak efek-                         from when those securities are sold until they
                  efek tersebut dijual hingga dibeli kembali                          are repurchased using effective interest rate
                  menggunakan metode suku bunga efektif.                              method.

                  Lihat Catatan 2c untuk kebijakan akuntansi                          Refer to Note 2c for the accounting policies of
                  atas aset dan liabilitas keuangan.                                  financial assets and liabilities.

            j.    Wesel ekspor dan tagihan lainnya                               j.   Bills and other receivables

                  Wesel ekspor dan tagihan lainnya terdiri atas                       Bills and other receivables consists of
                  tagihan dari Letters of Credit dan Surat Kredit                     receivables from Letters of Credit and
                  Berdokumen Dalam Negeri (SKBDN) kepada                              Domestic Documentary Letters of Credit to
                  eksportir.                                                          exporters.

                  Wesel      ekspor    dan     tagihan   lainnya                      Bills and other receivables are classified as
                  diklasifikasikan sebagai biaya perolehan yang                       amortized cost.
                  diamortisasi.

                  Wesel ekspor dan tagihan lainnya dicatat pada                       Bills and other receivables are stated at
                  biaya perolehan diamortisasi setelah dikurangi                      amortized cost less allowance for impairment
                  cadangan kerugian penurunan nilai.                                  losses.

                  Lihat Catatan 2c untuk kebijakan akuntansi                          Refer to Note 2c for the accounting policies of
                  atas aset dan liabilitas keuangan.                                  financial assets and liabilities.




                                                            Halaman - 53 - Page
1178   Menduniakan Bisnis Indonesia
Page 592
      Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                         Laporan
       Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                        Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN             AKUNTANSI        YANG        2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES (continued)

     k.   Instrumen keuangan derivatif                                k.   Derivative financial instruments

          Dalam melakukan usaha bisnisnya, BNI                             In the normal course of its business, BNI
          melakukan transaksi instrumen keuangan                           enters into transactions involving derivative
          derivatif seperti kontrak berjangka mata uang                    financial instruments such as foreign currency
          asing, swap mata uang asing, swap atas suku                      forward contracts, foreign currency swaps,
          bunga, dan transaksi spot untuk mengelola                        interest rate swaps, and spot transactions to
          eksposur pada risiko pasar seperti risiko mata                   manage exposures on market risks, such as
          uang dan risiko tingkat suku bunga.                              currency risk and interest rate risks.

          Instrumen keuangan derivatif diakui di laporan                   Derivative financial instruments are recognized
          posisi keuangan konsolidasian pada nilai                         in the consolidated statement of financial
          wajar. Setiap kenaikan nilai wajar kontrak                       position at fair value. Each increase in fair
          derivatif dicatat sebagai aset apabila memiliki                  value derivative contract is carried as asset
          nilai wajar positif dan sebagai liabilitas apabila               when the fair value is positive and as liability
          memiliki nilai wajar negatif.                                    when the fair value is negative.

          Tagihan dan liabilitas derivatif diklasifikasikan                Derivative receivable and payable are
          sebagai aset dan liabilitas keuangan yang                        classified as financial assets and liabilities at
          diukur pada nilai wajar melalui laporan laba                     fair value through profit or loss.
          rugi.

          Keuntungan atau kerugian yang terjadi dari                       Gains or losses resulting from fair value
          perubahan nilai wajar diakui dalam laporan                       changes are recognized in the consolidated
          laba rugi konsolidasian.                                         statement of profit or loss.

          Nilai wajar instrumen derivatif ditentukan                       The fair value of derivative instruments is
          berdasarkan diskonto arus kas dan model                          determined based on discounted cash flows
          penentu harga atau harga yang diberikan oleh                     and pricing models or quoted prices from
          broker (quoted price) atas instrumen lainnya                     brokers of other instruments with similar
          yang memiliki karakteristik serupa.                              characteristics.

          Kontrak berjangka mata uang asing, swap                          Foreign currency forward contracts, foreign
          mata uang asing dan cross currency swap dan                      currency swaps, and cross currency and
          tingkat suku bunga swap dilakukan untuk                          interest rate swaps are for funding and trading
          tujuan pendanaan dan perdagangan.                                purposes.

     l.   Pinjaman yang diberikan                                     l.   Loans

          Pinjaman yang diberikan                                          Loans

          Pinjaman yang diberikan adalah penyediaan                        Loans represent funds provided or receivables
          uang atau tagihan yang dapat disetarakan                         that can be considered as equivalents thereof,
          dengan itu, berdasarkan persetujuan atau                         based on agreements or financing contracts
          kesepakatan pinjam-meminjam dengan debitur                       with borrowers, where borrowers are required
          yang mewajibkan debitur untuk melunasi utang                     to repay their debts with interest after a
          dan bunganya setelah jangka waktu tertentu,                      specified period, and matured trade finance
          dan tagihan yang berasal dari fasilitas trade                    facilities which have not been settled within 15
          finance yang telah jatuh tempo yang belum                        days.
          diselesaikan dalam waktu 15 hari.

          Pinjaman yang diberikan diklasifikasikan                         Loans are classified as amortized cost.
          sebagai biaya perolehan yang diamortisasi.




                                                     Halaman - 54 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1179
Page 593
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN             AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                   ACCOUNTING
            MATERIAL (lanjutan)                                                 POLICIES (continued)

            l.    Pinjaman yang diberikan (lanjutan)                            l.   Loans (continued)

                  Pinjaman yang diberikan pada awalnya diukur                        Loans are initially measured at fair value plus
                  pada nilai wajar ditambah dengan biaya                             transaction costs that are directly attributable
                  transaksi yang dapat diatribusikan secara                          obtain financial assets, and after initial
                  langsung untuk memperoleh aset keuangan                            recognition are measured at amortized cost
                  tersebut, dan setelah pengakuan awal diukur                        based on the effective interest rate method
                  pada      biaya     perolehan    diamortisasi                      less allowance for impairment losses.
                  menggunakan metode suku bunga efektif
                  dikurangi    dengan     cadangan    kerugian
                  penurunan nilai.

                  Pinjaman sindikasi dan pinjaman penerusan                          Syndicated loans and two step loans are
                  dicatat sesuai dengan porsi pinjaman yang                          recorded according to the proportion of risks
                  risikonya ditanggung oleh Grup.                                    borne by the Group.

                  Lihat Catatan 2c untuk kebijakan akuntansi                         Refer to Note 2c for the accounting policies of
                  atas aset dan liabilitas keuangan.                                 financial assets and liabilities.

            m. Kontrak jaminan keuangan                                         m. Financial guarantee contracts

                  Kontrak jaminan keuangan adalah kontrak                            Financial guarantee contracts are contracts
                  yang mengharuskan penerbit untuk melakukan                         that require the issuer to make specified
                  pembayaran yang ditetapkan untuk mengganti                         payments to reimburse the holder for a loss
                  uang pemegang kontrak atas kerugian yang                           incurred because a specified debtor defaulted
                  terjadi karena debitur tertentu gagal untuk                        to make payments when due, in accordance
                  melakukan pembayaran pada saat jatuh                               with the terms of a debt instrument. Such
                  tempo, sesuai dengan ketentuan dari                                financial guarantees are given to banks,
                  instrumen hutang. Jaminan keuangan tersebut                        financial institutions and other institutions on
                  diberikan       kepada    bank-bank,   lembaga                     behalf of customers to secure loans and other
                  keuangan dan badan-badan lainnya atas                              banking facilities.
                  nama debitur untuk menjamin kredit dan
                  fasilitas-fasilitas perbankan lainnya.

                  Jaminan keuangan diakui awalnya sebesar                            Financial guarantees are initially recognized at
                  nilai wajar pada tanggal jaminan diberikan.                        fair value on the date the guarantee was given.
                  Nilai wajar dari jaminan keuangan pada saat                        The fair value of a financial guarantee at
                  dimulainya transaksi pada umumnya sama                             inception is likely to equal the premium
                  dengan provisi yang diterima untuk jaminan                         received because all guarantees are agreed
                  diberikan dengan syarat dan kondisi normal.                        on arm’s length terms. The fee income earned
                  Pendapatan       provisi   yang    diperoleh                       is amortized over the period of guarantees
                  diamortisasi selama jangka waktu jaminan                           using the straight line method.
                  menggunakan metode garis lurus.

                  Setelah pengakuan awal kontrak, jaminan                            After initial recognition of the contract, the
                  keuangan dicatat pada nilai yang lebih tinggi                      financial guarantee is recorded at the higher of
                  antara nilai wajar amortisasi dengan nilai                         the amortized fair value and the expected
                  kerugian kredit ekspektasian sesuai PSAK 71                        credit loss value in accordance with SFAS 71
                  “Instrumen Keuangan”.                                              “Financial Instrument”.

                  Cadangan kerugian penurunan nilai atas                             Allowances for impairment on financial
                  kontrak jaminan keuangan yang memiliki risiko                      guarantee contracts with credit risk are
                  kredit dihitung berdasarkan model kerugian                         calculated based on expected credit losses
                  ekspektasian.                                                      model.




                                                           Halaman - 55 - Page
1180   Menduniakan Bisnis Indonesia
Page 594
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG        2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES (continued)

     n.   Tagihan dan liabilitas akseptasi                           n.   Acceptance receivables and payables

          Tagihan akseptasi diklasifikasikan sebagai                      Acceptance receivables are classified as
          aset keuangan dalam kelompok biaya                              financial assets measured at amortized cost.
          perolehan diamortisasi. Liabilitas akseptasi                    Acceptance liabilities are classified financial
          diklasifikasikan sebagai liabilitas keuangan                    liabilities measured at amortized cost.
          yang diukur dengan biaya perolehan
          diamortisasi.

          Lihat Catatan 2c untuk kebijakan akuntansi                      Refer to Note 2c for the accounting policies of
          atas aset dan liabilitas keuangan.                              financial assets and liabilities.

     o.   Penyertaan saham                                           o.   Equity investments

          Penyertaan saham merupakan penanaman                            Equity investments represent investments in
          dana dalam bentuk saham pada perusahaan                         the form of shares of stock, in non-public
          non-publik yang bergerak di bidang jasa                         companies engaged in financial services held
          keuangan untuk tujuan jangka panjang.                           for long-term purposes.

          Investasi dengan persentase kepemilikan di                      Investments with an ownership interest below
          bawah 20% dan tidak memiliki pengaruh                           20% and have no significant influence
          signifikan yang diklasifikasikan sebagai aset                   classified as financial asset which held for sale
          keuangan yang dimiliki untuk dijual dicatat                     is measured at fair value through profit or loss.
          pada nilai wajar melalui laba rugi.

          Investasi dengan persentase kepemilikan di                      Investments with an ownership interest below
          bawah 20% dan tidak memiliki pengaruh                           20% and have no significant influence
          signifikan yang diklasifikasikan sebagai aset                   classified as financial asset which are not held
          keuangan yang dimiliki tidak untuk dijual                       for sale are measured at fair value through
          dicatat pada nilai wajar melalui penghasilan                    other comprehensive income.
          komprehensif lain.

          Penyertaan sementara pada perusahaan                            Temporary investments in debtor companies
          debitur timbul akibat konversi pinjaman yang                    arise    from     conversion   of   loans     to
          diberikan menjadi saham. Pada saat                              shares/equity. At initial recognition, shares
          pengakuan awal, saham yang diterima diakui                      received were recognized at fair value.
          dengan nilai wajar. Selanjutnya, saham                          Subsequently, the shares were recognized
          tersebut dinilai dengan menggunakan metode                      using equity method if BNI has significant
          ekuitas apabila BNI memiliki pengaruh                           influence over the investees or classified as
          signifikan      terhadap     investees    dan                   financial asset if BNI does not have significant
          diklasifikasikan sebagai aset keuangan apabila                  influence over the investees.
          BNI tidak memiliki pengaruh signifikan
          terhadap investees.

     p.   Aset tetap, aset hak-guna, liabilitas sewa                 p.   Fixed assets, right-of-use assets, lease
          dan aset takberwujud                                            liabilities and intangible assets

          Aset tetap                                                      Fixed assets

          Grup menerapkan kebijakan akuntansi model                       Group     applies   revaluation  model     as
          revaluasi untuk aset tetap berupa tanah dan                     accounting policy for land and buildings. For
          bangunan. Untuk aset tetap selain tanah dan                     fixed assets other than land and buildings, it
          bangunan menggunakan model biaya.                               applies cost model.




                                                    Halaman - 56 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1181
Page 595
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                     ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            p.    Aset tetap, aset hak-guna, liabilitas sewa                     p.   Fixed assets, right-of-use assets, lease
                  dan aset takberwujud (lanjutan)                                     liabilities and intangible assets (continued)

                  Aset tetap (lanjutan)                                               Fixed assets (continued)

                  Tanah dan bangunan disajikan sebesar nilai                          Land and buildings are shown at fair value,
                  wajar, dikurangi akumulasi penyusutan untuk                         less subsequent depreciation for buildings.
                  bangunan. Penilaian terhadap tanah dan                              Valuation of land and buildings are performed
                  bangunan dilakukan oleh penilai independen                          by 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. The gross carrying
                  material dengan nilai tercatatnya. Nilai tercatat                   amount is adjusted in a manner that is
                  bruto disesuaikan dengan cara yang konsisten                        consistent with the revaluation of the carrying
                  dengan nilai tercatat revaluasi aset. Sebagai                       amount of the asset. For example, the gross
                  contoh, nilai tercatat bruto dapat direvaluasi                      carrying amount may be revalued by reference
                  dengan mengacu pada data pasar yang dapat                           to observable market data or it may be
                  diobservasi atau dapat direvaluasi secara                           revalued proportionately to the change in
                  proporsional dengan perubahan nilai tercatat.                       the carrying amount. The accumulated
                  Akumulasi penyusutan pada tanggal revaluasi                         depreciation at the date of the revaluation is
                  disesuaikan dengan selisih antara nilai tercatat                    adjusted to equal the difference between the
                  bruto dan nilai tercatat aset setelah                               gross carrying amount and the carrying
                  memperhitungkan         akumulasi      kerugian                     amount of the assets after taking into account
                  penurunan nilai.                                                    accumulated impairment losses.

                  Jika nilai wajar dari aset yang direvaluasi                         If the fair value of the revalued asset change
                  mengalami perubahan yang signifikan, maka                           significantly, it is necessary to revaluate on an
                  perlu direvaluasi secara tahunan, sedangkan                         annual basis, whereas if the fair value of the
                  jika nilai wajar dari aset yang direvaluasi tidak                   revaluated asset does not change significantly,
                  mengalami perubahan yang signifikan, maka                           it is necessary to revaluate at a minimum
                  perlu dilakukan revaluasi paling kurang 3                           every 3 years.
                  tahun sekali.

                  Kenaikan nilai tercatat yang timbul dari                            Increases in the carrying amount arising on
                  revaluasi tanah dan bangunan dicatat sebagai                        revaluation of land and building is recorded in
                  “Cadangan Revaluasi Aset” dan disajikan                             “Asset Revaluation Reserve” and presented as
                  sebagai “Penghasilan Komprehensif Lain”.                            “Other Comprehensive Income”. Decreases in
                  Penurunan nilai tercatat yang timbul dari                           carrying amount as the result of revaluation is
                  revaluasi dicatat sebagai beban pada tahun                          recorded as expense in the current year. If the
                  berjalan. Apabila aset tersebut memiliki saldo                      asset has a balance on its “Gain on
                  “Keuntungan Revaluasi Aset Tetap” yang                              Revaluation of Fixed Assets”, loss from
                  disajikan sebagai “Penghasilan Komprehensif                         revaluation of fixed asset is charged to “Gain
                  Lain”, maka selisih penurunan nilai tercatat                        on Revaluation of Fixed Assets” which is
                  tersebut dibebankan terhadap “Keuntungan                            presented as “Other Comprehensive Income”
                  Revaluasi Aset Tetap” dan sisanya diakui                            and the rest of the amount is charged to
                  sebagai beban tahun berjalan.                                       current year’s expenses.

                  Aset tetap selain tanah dan bangunan                                Fixed assets besides land and buildings are
                  disajikan sebesar harga perolehan dikurangi                         stated at historical cost less accumulated
                  dengan akumulasi penyusutan.                                        depreciation.

                  Biaya perolehan termasuk biaya penggantian                          Cost includes the replacement cost of a part of
                  bagian aset tetap saat biaya tersebut terjadi,                      the fixed assets when the expenditure meets
                  jika memenuhi kriteria pengakuan.                                   the criteria for recognition.




                                                            Halaman - 57 - Page
1182   Menduniakan Bisnis Indonesia
Page 596
      Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                        PT BANK NEGARA           Sosial
                                                            INDONESIA       Komitmen Tbk
                                                                        (PERSERO)                         Laporan
       Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                        Keuangan
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG          2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                                POLICIES (continued)

     p.   Aset tetap, aset hak-guna, liabilitas sewa                    p.   Fixed assets, right-of-use assets, lease
          dan aset takberwujud (lanjutan)                                    liabilities and intangible assets (continued)

          Aset tetap (lanjutan)                                              Fixed assets (continued)

          Semua biaya pemeliharaan dan perbaikan                             All maintenance and repair costs which do not
          yang      tidak   memenuhi     kriteria  untuk                     fulfill the capitalization criteria, are recognized
          dikapitalisasi diakui dalam laporan laba rugi                      in profit or loss upon occurrence. At each
          pada saat terjadinya. Pada setiap akhir tahun                      financial year end, the assets’ residual values,
          buku, nilai residu, umur manfaat, dan metode                       useful lives and methods of depreciation are
          penyusutan ditelaah kembali dan jika sesuai                        reviewed, and adjusted prospectively as
          dengan       keadaan,    disesuaikan    secara                     appropriate.
          prospektif.

          Semua aset tetap kecuali tanah, disusutkan                         All fixed assets, except land, are depreciated
          berdasarkan metode garis lurus selama                              using the straight-line method over their
          estimasi masa manfaat aset tersebut sebagai                        expected useful lives as follows:
          berikut:
                                         Tarif Penyusutan/
                                         Depreciation Rate          Tahun/Years
          Bangunan                                     6.67%                          15                                  Buildings
          Perlengkapan kantor dan                                                                                 Office equipment
            kendaraan bermotor                        20.00%                           5                       and motor vehicles

          Perlengkapan kantor terdiri dari perabotan dan                     Office equipment consists of furniture and
          perlengkapan, instalasi, Anjungan Tunai                            fixtures,  installation, Automatic    Teller
          Mandiri (ATM), perangkat lunak dan perangkat                       Machines (ATM), computer software and
          keras komputer, peralatan komunikasi dan                           hardware, communication and other office
          peralatan kantor lainnya.                                          equipment.

          Grup menganalisa fakta dan keadaan untuk                           The Group analyses the facts and
          masing-masing jenis hak atas tanah dalam                           circumstances for each type of landrights in
          menentukan akuntansi untuk masing-masing                           determining the accounting for each of these
          hak atas tanah tersebut sehingga dapat                             land rights so that it can accurately represent
          merepresentasikan dengan tepat suatu                               an underlying economic event or transaction. If
          kejadian atau transaksi ekonomi yang                               the landrights do not transfer control of the
          mendasarinya. Jika hak atas tanah tersebut                         underlying assets to the Group, but gives the
          tidak mengalihkan pengendalian atas aset                           rights to use the underlying assets, the Group
          pendasar    kepada     Grup,     melainkan                         applies the accounting treatment of these
          mengalihkan hak untuk menggunakan aset                             transactions as leases under SFAS 73
          pendasar, Grup menerapkan perlakuan                                “Leases”, except if landrights substantially
          akuntansi atas transaksi tersebut sebagai                          similar to land purchases, the Group applies
          sewa berdasarkan PSAK 73 “Sewa”, kecuali                           SFAS 16 “Property, plant and equipment”.
          jika hak atas tanah secara substansi
          menyerupai pembelian tanah, maka Grup
          menerapkan PSAK 16 “Aset tetap”.

          Apabila nilai tercatat aset lebih besar dari nilai                 When the carrying amount of an asset is
          yang dapat diperoleh kembali, nilai tercatat                       greater than its estimated recoverable amount,
          aset diturunkan menjadi sebesar nilai yang                         it is written down to its recoverable amount,
          dapat diperoleh kembali, yang ditentukan                           which is determined as the higher of the net
          sebagai nilai tertinggi antara harga jual neto                     selling price or value in use.
          dan nilai yang dipakai.

          Apabila aset tetap tidak digunakan lagi atau                       When fixed assets are retired or disposed of,
          dijual, maka nilai perolehan dan akumulasi                         their costs and the related accumulated
          penyusutannya dihapuskan dari akun tersebut.                       depreciation are derecognized from the
          Keuntungan atau kerugian yang terjadi diakui                       accounts. Any resulting gain or loss is
          dalam laporan laba rugi.                                           recognized in profit or loss.



                                                     Halaman - 58 - Page
                                                                              Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1183
Page 597
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                   ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            p.    Aset tetap, aset hak-guna, liabilitas sewa                     p.   Fixed assets, right-of-use assets, lease
                  dan aset takberwujud (lanjutan)                                     liabilities and intangible assets (continued)

                  Aset tetap (lanjutan)                                               Fixed assets (continued)

                  Akumulasi biaya konstruksi aset tetap                               The accumulated costs of construction of fixed
                  dikapitalisasi dan dicatat sebagai “Aset dalam                      assets are capitalized and recognized as
                  Penyelesaian”. Biaya tersebut direklasifikasi ke                    “Construction in progress”. These costs are
                  akun aset tetap yang terkait pada saat proses                       reclassified to the related fixed asset account
                  konstruksi atau pemasangan telah selesai.                           when the construction or installation is
                                                                                      completed.

                  Aset hak-guna dan liabilitas sewa                                   Right-of-use assets and lease liabilities

                  Pada tanggal permulaan kontrak, Grup menilai                        At the inception of a contract, the Group
                  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 Group can
                  jangka waktu untuk dipertukarkan dengan                             choose not to recognise the right-of-use assets
                  imbalan. Grup 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
                      sama dengan 12 bulan dan tidak terdapat                             12 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
                  untuk mengendalikan penggunaan aset                                 right to control the use of an identified asset,
                  identifikasian, Grup harus menilai apakah:                          the Group shall assess whether:

                  -   Grup memiliki hak untuk mendapatkan                             -   The Group has the right to obtain
                      secara substansial seluruh manfaat                                  substantially all the economic benefit from
                      ekonomi       dari  penggunaan aset                                 use of the asset throughout the period of
                      identifikasian; dan                                                 use; and

                  -   Grup memiliki hak untuk mengarahkan                             -   The Group has the right to direct the use
                      penggunaan aset identifikasian. Grup                                of the asset. The Group has described
                      memiliki hak ini ketika Grup memiliki hak                           when it has a decision-making right that
                      untuk pengambilan keputusan yang                                    are the most relevant to changing how
                      relevan tentang bagaimana dan untuk                                 and for what purpose the asset is used
                      tujuan apa aset digunakan telah                                     are predetermined:
                      ditentukan sebelumnya:
                      1. Grup       memiliki     hak      untuk                           1. The Group has the right to operate the
                          mengoperasikan aset; dan                                           asset; and
                      2. Grup telah mendesain aset dengan                                 2. The Group has designed the asset in
                          cara     menetapkan      sebelumnya                                a way that predetermine how and for
                          bagaimana dan untuk tujuan apa aset                                what purposes it will be used.
                          akan digunakan selama periode
                          penggunaan.




                                                            Halaman - 59 - Page
1184   Menduniakan Bisnis Indonesia
Page 598
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG        2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES (continued)

     p.   Aset tetap, aset hak-guna, liabilitas sewa                 p.   Fixed assets, right-of-use assets, lease
          dan aset takberwujud (lanjutan)                                 liabilities and intangible assets (continued)

          Aset hak-guna dan liabilitas sewa (lanjutan)                    Right-of-use assets and lease liabilities
                                                                          (continued)

          Pada tanggal permulaan sewa, Grup                               The Group recognises a right-of-use assets
          mengakui aset hak-guna dan liabilitas sewa.                     and a leases liability at the leases
          Aset hak-guna diukur pada biaya perolehan,                      commencement date. The right-of-use assets
          dimana meliputi jumlah pengukuran awal                          is initially measured at cost, which comprises
          liabilitas sewa yang disesuaikan dengan                         the initial amount of the leases liability
          pembayaran sewa yang dilakukan pada atau                        adjusted for any leases payment made at or
          sebelum tanggal permulaan, ditambah dengan                      before the commencement date, plus any
          biaya langsung awal yang dikeluarkan. Aset                      initial direct cost incurred. The right-of-use
          hak-guna diamortisasi dengan menggunakan                        assets is amortized over the straight-line
          metode garis lurus sepanjang jangka waktu                       method throughout the lease term.
          sewa.

          Liabilitas sewa diukur pada nilai kini                          The lease liability is initially measured at the
          pembayaran sewa yang belum dibayar pada                         present value of the lease payments that are
          tanggal permulaan, didiskontokan dengan                         not paid at the commencement date,
          menggunakan suku bunga implisit dalam sewa                      discounted using the interest rate implicit in the
          atau jika suku bunga tersebut tidak dapat                       lease or, if that right cannot be readily
          ditentukan, maka menggunakan suku bunga                         determined, using incremental borrowing rate.
          pinjaman inkremental. Pada umumnya, Grup                        Generally, the Group uses its incremental
          menggunakan      suku      bunga     pinjaman                   borrowing rate as a discount rate.
          inkremental sebagai tingkat bunga diskonto.

          Pembayaran sewa dialokasikan menjadi                            Each leases payment is allocated between the
          bagian pokok dan biaya keuangan. Biaya                          liability and finance cost. The finance cost is
          keuangan dibebankan pada laba rugi selama                       charged to profit or loss over the leases period
          periode sewa sehingga menghasilkan tingkat                      so as to produce a constant periodic rate of
          suku bunga periodik yang konstan atas saldo                     interest on the remaining balance of the
          liabilitas untuk setiap periode.                                liability for each period.

          Jika sewa mengalihkan kepemilikan aset                          If the leases transfers ownership of the
          pendasar kepada Grup pada akhir masa sewa                       underlying asset to the Group by the end of
          atau jika biaya perolehan aset hak guna                         the leases term or if the cost of the right-of-use
          merefleksikan Grup akan mengeksekusi opsi                       assets reflects that the Group will exercise a
          beli, maka Grup menyusutkan aset hak-guna                       purchase option, the Group depreciates the
          dari tanggal permulaan hingga akhir umur                        right-of-use asset from the commencement
          manfaat aset pendasar. Jika tidak, maka Grup                    date to the end of the useful life of the
          menyusutkan aset hak-guna dari tanggal                          underlying asset. Otherwise, the Group
          permulaan hingga tanggal yang lebih awal                        depreciates the right-of-use assets from the
          antara akhir umur manfaat aset hak-guna atau                    commencement date to the earlier of the end
          akhir masa sewa.                                                of the useful life of the right-of-use assets or
                                                                          the end of the leases term.




                                                    Halaman - 60 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1185
Page 599
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                   ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)
            p.    Aset tetap, aset hak-guna, liabilitas sewa                     p.   Fixed assets, right-of-use assets, lease
                  dan aset takberwujud (lanjutan)                                     liabilities and intangible assets (continued)

                  Modifikasi sewa                                                     Lease modification

                  Grup mencatat modifikasi sewa sebagai sewa                          The Group account for a lease modification as
                  terpisah jika:                                                      a separate lease if both:
                  - Modifikasi meningkatkan ruang lingkup                             -   The modification increases the scope of
                      sewa dengan menambahkan hak untuk                                   the lease by adding the right to use one or
                      menggunakan satu aset pendasar atau                                 more underlying assets;
                      lebih;
                  - Imbalan sewa meningkat sebesar jumlah                             -   The consideration for the lease increases
                      yang setara dengan harga tersendiri untuk                           by an amount commensurate with the
                      peningkatan dalam ruang lingkup dan                                 stand-alone price for the increase in
                      penyesuaian yang tepat pada harga                                   scope and any appropriate adjustments to
                      tersendiri tersebut untuk merefleksikan                             that stand-alone price to reflect the
                      kondisi kontrak tertentu.                                           circumstances of the particular contract.

                  Aset takberwujud                                                    Intangible Assets

                  Aset takberwujud diakui jika, dan hanya jika,                       Intangible assets are recognized if, and only if
                  biaya perolehan aset tersebut dapat diukur                          the cost of the asset can be measured reliably
                  secara andal dan kemungkinan besar Bank                             and it is probable that the Bank and
                  dan Entitas Anak akan memperoleh manfaat                            Subsidiaries will obtain future economic
                  ekonomis masa depan dari aset tersebut. Aset                        benefits from the asset. Intangible assets
                  takberwujud terdiri dari goodwill, hubungan                         consist of goodwill, customer relationships and
                  pelanggan dan merek dagang yang diperoleh                           trademarks acquired by the Bank and
                  pada saat akuisisi.                                                 Subsidiaries when acquisition.

                  Lihat Catatan 2d untuk kebijakan akuntansi                          Refer to Note 2d for the accounting policies
                  terkait goodwill.                                                   of goodwill.

            q.    Agunan yang diambil alih                                       q.   Foreclosed collaterals

                  Agunan yang diambil alih disajikan dalam akun                       Foreclosed collaterals are included in the
                  “Aset Lain-lain”.                                                   “Other Assets” account.
                  Agunan yang diambil alih (AYDA) adalah aset                         Foreclosed collaterals represent assets
                  yang diperoleh BNI dan Entitas Anak, baik                           acquired by BNI and Subsidiaries, both from
                  melalui pelelangan maupun diluar pelelangan                         auction and non auction based on voluntary
                  berdasarkan penyerahan secara sukarela oleh                         transfer by the debtor or based on debtor’s
                  pemilik agunan atau berdasarkan kuasa untuk                         approval to sell the collateral where the debtor
                  menjual diluar lelang dari pemilik agunan                           could not fulfill their obligations to BNI and
                  dalam hal debitur tidak memenuhi liabilitasnya                      Subsidiaries. Foreclosed collaterals represent
                  kepada BNI dan Entitas Anak. AYDA                                   loan collateral that were taken over as part of
                  merupakan jaminan kredit yang diberikan yang                        loans settlement and presented in “Other
                  telah diambil alih sebagai bagian dari                              Assets”.
                  penyelesaian kredit yang diberikan dan
                  disajikan pada “Aset Lain-lain”.
                  Agunan yang diambil alih diakui sebesar nilai                       Foreclosed collaterals are stated at net
                  neto yang dapat direalisasi atau sebesar nilai                      realizable value or stated at loan outstanding
                  outstanding kredit yang diberikan, mana yang                        amount, whichever is lower. Net realizable
                  lebih rendah. Nilai neto yang dapat direalisasi                     value is the fair value of the foreclosed
                  adalah nilai wajar agunan yang diambil alih                         collaterals less the estimated costs to sell the
                  dikurangi dengan estimasi biaya untuk menjual                       assets. The excess of loan receivable over the
                  agunan tersebut. Selisih lebih saldo kredit di                      net realizable value of the foreclosed collateral
                  atas nilai neto yang dapat direalisasi dari                         is charged to allowance for impairment losses.
                  agunan yang diambil alih dibebankan ke dalam                        The difference between the recorded amount
                  akun cadangan kerugian penurunan nilai aset.                        of the foreclosed collateral and the proceeds
                  Selisih antara nilai agunan yang diambil alih                       from the sale of such collateral is recorded as
                  dengan hasil penjualan diakui sebagai                               a gain or loss at the time of sale.
                  keuntungan atau kerugian pada saat
                  penjualan.




                                                            Halaman - 61 - Page
1186   Menduniakan Bisnis Indonesia
Page 600
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG        2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES (continued)
     q.   Agunan yang diambil alih (lanjutan)                        q.   Foreclosed collaterals (continued)
          Beban-beban    yang     berkaitan    dengan                     Maintenance and repair costs related to
          pemeliharaan agunan yang diambil alih                           foreclosed collaterals are charged as an
          dibebankan dalam laporan laba rugi pada saat                    expense in profit or loss when incurred.
          terjadinya.
          Bila terjadi penurunan nilai yang bersifat                      If there is permanent decline in value, the
          permanen, maka nilai tercatatnya dikurangi                      carrying amount of foreclosed collaterals is
          untuk mengakui penurunan tersebut dan                           written down to recognize such permanent
          kerugiannya dibebankan dalam laporan laba                       decline in value and any losses from such
          rugi.                                                           write-down is recognized in profit or loss.

     r.   Liabilitas segera                                          r.   Obligations due immediately

          Liabilitas segera dicatat pada saat liabilitas                  Obligations due immediately are recorded at
          kepada masyarakat maupun kepada bank lain                       the time obligations to public customers or
          timbul.                                                         other banks arise.

          Akun ini diklasifikasikan sebagai liabilitas                    This account is classified as other financial
          keuangan lain dan dihitung berdasarkan biaya                    liabilities and is measured at amortized cost.
          perolehan diamortisasi.

          Lihat Catatan 2c untuk kebijakan akuntansi                      Refer to Note 2c for the accounting policies of
          atas aset dan liabilitas keuangan.                              financial assets and liabilities.

     s.   Simpanan nasabah                                           s.   Deposits from customers

          Tabungan merupakan simpanan nasabah di                          Savings account represent deposits of
          BNI dan Entitas Anak yang bergerak di bidang                    customers in BNI and a Subsidiary engaged in
          perbankan yang penarikannya hanya dapat                         banking that may only be withdrawn over the
          dilakukan melalui counter dan Anjungan Tunai                    counter and via ATMs or funds transfers by
          Mandiri    (ATM)      atau    dengan     cara                   SMS Banking, Phone Banking, Mobile Banking
          pemindahbukuan melalui SMS Banking,                             and Internet Banking when certain agreed
          Phone Banking, Mobile Banking dan Internet                      conditions are met, but which may not be
          Banking jika memenuhi persyaratan yang                          withdrawn by cheque or other equivalent
          disepakati, tetapi penarikan tidak dapat                        instruments.
          dilaksanakan dengan menggunakan cek atau
          instrumen setara lainnya.

          Deposito berjangka merupakan simpanan                           Time deposits represent customer’s deposits
          nasabah di BNI dan Entitas Anak yang                            in BNI and a Subsidiary engaged in banking
          bergerak    di   bidang    perbankan     yang                   that may be withdrawn at a certain time based
          penarikannya hanya dapat dilakukan pada                         on the agreement between the depositor and
          waktu tertentu sesuai dengan perjanjian antara                  BNI and a Subsidiary engaged in banking.
          nasabah dengan BNI dan Entitas Anak yang
          bergerak di bidang perbankan.

          Simpanan nasabah diklasifikasikan sebagai                       Deposits from customers are classified as
          liabilitas keuangan lain yang diukur dengan                     other financial liabilities which are measured at
          biaya perolehan diamortisasi menggunakan                        amortized cost using effective interest rate
          metode suku bunga efektif. Biaya tambahan                       method. Incremental costs directly attributable
          yang dapat diatribusikan secara langsung                        to the acquisition of deposits from customers
          dengan       perolehan  simpanan    nasabah                     are deducted from the amount of deposits.
          dikurangkan dari jumlah simpanan yang
          diterima.

          Lihat Catatan 2c untuk kebijakan akuntansi                      Refer to Note 2c for the accounting policies of
          atas aset dan liabilitas keuangan.                              financial assets and liabilities.




                                                    Halaman - 62 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1187
Page 601
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                   ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            t.    Simpanan dari bank lain                                        t.   Deposits from other banks

                  Simpanan dari bank lain terdiri dari liabilitas                     Deposits from other banks represent liabilities
                  terhadap bank lain baik lokal maupun luar                           to local and overseas banks, in the form of
                  negeri, dalam bentuk giro, inter-bank call                          current accounts, inter-bank call money with
                  money dengan periode jatuh tempo menurut                            original maturities of 90 days or less, time
                  perjanjian kurang dari atau 90 hari, deposito                       deposits and certificates of deposits.
                  berjangka dan sertifikat deposito.

                  Simpanan dari bank lain diklasifikasikan                            Deposits from other banks are classified as
                  sebagai liabilitas keuangan lain yang diukur                        other financial liabilities which are measured at
                  dengan biaya perolehan diamortisasi dengan                          amortized cost using effective interest rate
                  menggunakan metode suku bunga efektif.                              method. Incremental costs directly attributable
                  Biaya tambahan yang dapat diatribusikan                             to the acquisition of deposits from other banks
                  secara langsung dengan perolehan simpanan                           are deducted from the amount of deposits.
                  dari bank lain dikurangkan dari jumlah
                  simpanan yang diterima.

                  Lihat Catatan 2c untuk kebijakan akuntansi                          Refer to Note 2c for the accounting policies of
                  atas aset dan liabilitas keuangan.                                  financial assets and liabilities.

            u.    Efek-efek yang diterbitkan                                     u.   Securities issued

                  Efek-efek yang diterbitkan terdiri dari obligasi                    Securities issued consist of bonds issued by
                  yang diterbitkan oleh Grup.                                         the Group.

                  Efek-efek yang diterbitkan diklasifikasikan                         Securities issued are classified as other
                  sebagai liabilitas keuangan lain yang diukur                        financial liabilities which are measured at
                  dengan biaya perolehan diamortisasi. Biaya                          amortized cost. Incremental costs directly
                  tambahan yang dapat diatribusikan secara                            attributable to the issuance of marketable
                  langsung dengan penerbitan efek dikurangkan                         securities are deducted from the amount of
                  dari jumlah efek-efek yang diterbitkan.                             securities issued.

                  Obligasi yang diterbitkan dicatat sebesar nilai                     Bonds issued are presented at nominal value
                  nominal dikurangi saldo diskonto yang belum                         net of unamortized discount. Costs incurred
                  diamortisasi.  Biaya-biaya      yang    terjadi                     related to the bond issuance are presented as
                  sehubungan dengan penerbitan obligasi                               deduction from the proceeds of bonds issued
                  dicatat sebagai pengurang hasil emisi dan                           and amortized over the term of the bonds
                  diamortisasi selama jangka waktu obligasi                           using the effective interest rate method.
                  dengan menggunakan metode suku bunga
                  efektif.

                  Lihat Catatan 2c untuk kebijakan akuntansi                          Refer to Note 2c for the accounting policies of
                  atas aset dan liabilitas keuangan.                                  financial assets and liabilities.

            v.    Pinjaman yang diterima                                         v.   Borrowings

                  Pinjaman diterima merupakan dana yang                               Borrowings are funds received from other
                  diterima dari bank lain, Bank Indonesia atau                        bank, Bank Indonesia or other parties with
                  pihak lain dengan liabilitas pembayaran                             payment obligation based on borrowings
                  kembali sesuai dengan persyaratan perjanjian                        agreement.
                  pinjaman.




                                                            Halaman - 63 - Page
1188   Menduniakan Bisnis Indonesia
Page 602
      Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                         Laporan
       Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                        Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG         2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES (continued)

     v.   Pinjaman yang diterima (lanjutan)                           v.   Borrowings (continued)

          Pinjaman diterima diakui sebesar nilai wajar                     Borrowings are initially recognized at fair value
          pada awalnya dan selanjutnya diukur sebesar                      and subsequently measured at amortized cost
          biaya    perolehan    diamortisasi    dengan                     using the effective interest rate method.
          menggunakan metode suku bunga efektif.                           Amortized cost is calculated by taking into
          Biaya perolehan diamortisasi dihitung dengan                     account any discount or premium related to
          memperhitungkan adanya diskonto atau premi                       the initial recognition of borrowings and
          terkait dengan pengakuan awal pinjaman                           transaction costs are an integral part of the
          diterima dan biaya transaksi merupakan                           effective interest rate method.
          bagian tidak terpisahkan dari metode suku
          bunga efektif.

          Lihat Catatan 2c untuk kebijakan akuntansi                       Refer to Note 2c for the accounting policies of
          atas aset dan liabilitas keuangan.                               financial assets and liabilities.

     w. Pendapatan bunga dan beban bunga                              w. Interest income and interest expense


          Pendapatan dan beban bunga untuk semua                           Interest income and expense for all interest-
          instrumen keuangan yang dikenakan suku                           bearing financial instruments are recognized in
          bunga diakui pada laporan laba rugi dengan                       profit or loss using the effective interest rate
          menggunakan metode suku bunga efektif.                           method.

          Suku bunga efektif adalah suku bunga yang                        The effective interest rate is the rate that
          secara      tepat    mendiskontokan     estimasi                 exactly discounts the estimated future cash
          pembayaran atau penerimaan kas di masa                           payments or receipts through the expected life
          datang selama perkiraan umur dari aset                           of the financial assets and financial liabilities
          keuangan atau liabilitas keuangan (atau, jika                    (or, where appropriate, a shorter period) to the
          lebih tepat, digunakan periode yang lebih                        carrying amount of the financial asset or
          singkat) untuk memperoleh nilai tercatat bersih                  financial liability. When calculating the effective
          dari instrumen keuangan atau liabilitas                          interest rate, the Group estimates future cash
          keuangan. Pada saat menghitung suku bunga                        flows considering all contractual terms of the
          efektif, Grup mengestimasi arus kas di masa                      financial instrument but not future credit
          datang dengan mempertimbangkan seluruh                           losses.      This     calculation   includes     all
          persyaratan kontraktual dalam instrumen                          commissions, fees, and other forms received
          keuangan          tersebut,     tetapi      tidak                by the parties in the contract are an integral
          mempertimbangkan kerugian kredit di masa                         part of the effective interest rate, transaction
          mendatang. Perhitungan ini mencakup seluruh                      costs, and all other premiums or discounts.
          komisi, provisi, dan bentuk lain diterima oleh
          para pihak dalam kontrak yang merupakan
          bagian tidak terpisahkan dari suku bunga
          efektif, biaya transaksi, dan seluruh premi atau
          diskon lainnya.

          Kredit yang pembayaran angsuran pokok atau                       Loans for which the principal or interest has
          bunganya telah lewat 90 hari atau lebih                          been past due for 90 days or more, or where
          setelah jatuh tempo, atau kredit yang                            reasonable doubt exists as to its timely
          pembayarannya secara tepat waktu diragukan,                      collection, are generally classified as impaired
          secara umum diklasifikasikan sebagai kredit                      loans.
          yang mengalami penurunan nilai (impairment).




                                                    Halaman - 64 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1189
Page 603
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                    ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            x.    Pendapatan provisi dan komisi                                  x.   Fees and commission income

                  Pendapatan provisi dan komisi yang berkaitan                        Fees and commissions directly related to
                  langsung dengan kegiatan pinjaman, atau                             lending activities, or fee and commission
                  pendapatan       provisi   dan   komisi    yang                     income which relates to a specific period, is
                  berhubungan dengan jangka waktu tertentu,                           amortized over the term of contract using the
                  diamortisasi sesuai dengan jangka waktu                             effective interest rate method and classified as
                  kontrak menggunakan metode suku bunga                               part of interest income in profit or loss.
                  efektif dan diklasifikasikan sebagai bagian dari
                  pendapatan bunga pada laporan laba rugi.

                  Pendapatan provisi dan komisi yang tidak                            Fees and commissions income which are not
                  berkaitan dengan kegiatan pemberian kredit                          related to lending activities or a specific period
                  atau suatu jangka waktu diakui sebagai                              are recognized as revenues on the transaction
                  pendapatan pada saat terjadinya transaksi                           date as other operating income.
                  sebagai pendapatan operasional lainnya.

            y.    Kontrak asuransi                                               y.   Insurance contract

                  Kontrak asuransi adalah kontrak yang                                Insurance contract is contract issued by
                  diterbitkan oleh perusahaan asuransi dimana                         insurance company which accepts significant
                  pada saat penerbitan polis perusahaan                               insurance risk from policyholder upon the
                  asuransi menerima risiko asuransi yang                              issuance of the policy.
                  signifikan dari pemegang polis.

                  Risiko asuransi yang signifikan adalah                              Significant insurance risk is the possibility of
                  kemungkinan untuk membayar manfaat secara                           paying significantly more benefit to the
                  signifikan kepada pemegang polis apabila                            policyholder upon the occurrence of insured
                  suatu kejadian yang diasuransikan terjadi                           event compared to the minimum benefit
                  dibandingkan dengan manfaat minimum yang                            payable in a scenario where the insured event
                  akan     dibayarkan   apabila    risiko  yang                       does not occur. Scenarios considered are
                  diasuransikan tidak terjadi. Skenario-skenario                      those with commercial substance.
                  yang diperhatikan adalah skenario yang
                  mengandung unsur komersial.

                  Grup mendefinisikan risiko asuransi yang                            Group defines significant insurance risk as the
                  signifikan sebagai kemungkinan membayar                             possibility of having to pay benefits on the
                  manfaat pada saat terjadinya suatu kejadian                         occurrence of an insured event of at least 10%
                  yang diasuransikan, yang setidaknya 10%                             more than the benefits payable if the insured
                  lebih besar dari manfaat yang dibayarkan jika                       event did not occur. If the insurance contract
                  kejadian yang diasuransikan tidak terjadi. Jika                     does not contain significant insurance risk, the
                  suatu kontrak asuransi tidak mengandung                             contract will be deemed as an investment
                  risiko asuransi yang signifikan, maka kontrak                       contract. Once a contract has been classified
                  tersebut diklasifikasikan sebagai kontrak                           as an insurance contract, no reclassification
                  investasi. Ketika sebuah kontrak telah                              can be performed unless the terms of the
                  diklasifikasi   sebagai   kontrak    asuransi,                      agreement are later amended.
                  reklasifikasi terhadap kontrak tersebut tidak
                  dapat dilakukan kecuali ketentuan perjanjian
                  kemudian diamandemen.




                                                            Halaman - 65 - Page
1190   Menduniakan Bisnis Indonesia
Page 604
      Permodalan & Praktik          Tata Kelola     Tanggung Jawab
                                          PT BANK NEGARA           Sosial
                                                              INDONESIA       Komitmen Tbk
                                                                          (PERSERO)                           Laporan
       Manajemen Risiko             Perusahaan         dan Lingkungan           ESG                          Keuangan
                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                       31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN                AKUNTANSI      YANG           2.   SUMMARY OF MATERIAL                             ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES (continued)

     y.   Kontrak asuransi (lanjutan)                                     y.     Insurance contract (continued)

          Grup menerbitkan kontrak asuransi untuk                                Group issues insurance contracts for traditional
          produk asuransi tradisional dan produk                                 insurance product and investment linked
          asuransi yang dikaitkan dengan investasi.                              insurance product. Both of these products
          Kedua jenis produk ini mempunyai risiko                                have significant insurance risk.
          asuransi yang signifikan.

          Produk-produk dari Grup dibagi berdasarkan                             Group’s products may be divided into the
          kategori utama sebagai berikut:                                        following main categories:

                             Tipe polis/                                        Deskripsi manfaat/
                             Policy type                                       Description of benefits

           1)     Asuransi jiwa tradisional non-     Produk non-participating memberikan perlindungan untuk menutupi
                  participating/traditional non-     risiko kematian, kecelakaan, penyakit kritis, dan kesehatan dari
                  participating life insurance       pemegang polis. Jumlah uang pertanggungan akan dibayarkan pada
                                                     saat terjadinya risiko yang ditanggung./Non participating products
                                                     provide protection to cover the risk of death, accident, critical illness,
                                                     and health of the insured. The basic sum assured will be paid upon the
                                                     occurrence of the risks covered.
           2)     Produk asuransi unit link/         Unit link adalah produk asuransi dengan pembayaran premi tunggal
                  Unit-linked insurance              maupun regular yang dikaitkan dengan investasi yang memberikan
                  products                           kombinasi manfaat proteksi dan manfaat investasi./Unit-linked is the
                                                     insurance product with single and regular premium payment which
                                                     linked to investment products, which provide a combined benefit of the
                                                     protection and investment.

                                                     Manfaat dari perlindungan asuransi adalah untuk menanggung risiko
                                                     kematian yang memberikan manfaat sebesar nilai uang
                                                     pertanggungan dan ditambah manfaat investasi berupa akumulasi nilai
                                                     dana investasi yang akan dibayarkan pada saat terjadinya risiko yang
                                                     ditanggung./The benefit of protection is to cover the risks of death
                                                     which provide basic sum assured plus the cumulative balance of the
                                                     fund value, these benefit will be paid upon the occurrence of the risks
                                                     covered.

                                                     Nilai dana investasi akan dihitung berdasarkan tingkat pengembalian
                                                     investasi yang didapat dari fund tergantung dari tipe fund yang dipilih
                                                     oleh pemegang polis berdasarkan profil risiko investasi./The
                                                     investment fund value will be measured based on the yield of return
                                                     from the underlying fund depend on the fund type which is chosen by
                                                     the policyholders, depending on investment risk profile.




                                                       Halaman - 66 - Page
                                                                                  Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1191
Page 605
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                    ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)
            y.    Kontrak asuransi (lanjutan)                                    y.   Insurance contract (continued)

                  Grup memisahkan komponen deposit dari                               Group unbundles the deposit component of
                  kontrak unit link seperti yang disyaratkan oleh                     unit-linked contract as required by SFAS 62
                  PSAK 62 hanya jika kondisi-kondisi di bawah                         only when both of the following conditions are
                  ini terpenuhi:                                                      met:

                  -   Grup dapat mengukur komponen “deposit”                          -   Group can measure separately the
                      secara     terpisah    (termasuk     opsi                           “deposit” component (including any
                      penyerahan      melekat,    yaitu  tanpa                            embedded surrender option, i.e. without
                      memperhitungkan komponen “asuransi”);                               taking into account the “insurance”
                      dan                                                                 component); and
                  -   Kebijakan     akuntansi     Grup    tidak                       -   Group’s accounting policies do not
                      mensyaratkan untuk mengakui semua hak                               otherwise require to recognize all
                      dan kewajiban yang timbul dari komponen                             obligations and rights arising from the
                      “deposit”.                                                          “deposit” component.

                  Karena hanya kondisi pertama di atas                                Since only the first condition above is met,
                  terpenuhi, maka Grup tidak memisahkan                               Group does not unbundle the deposit
                  komponen deposit dari kontrak unit link.                            component of unit-linked contract.

                  Pengujian kecukupan liabilitas                                      Liability adequacy tests

                  PSAK 62, ‘’Kontrak Asuransi’’ mengharuskan                          SFAS 62, ‘’Insurance Contracts’’ requires that
                  setiap akhir periode pelaporan, Grup menilai                        at each end of reporting period, Group
                  apakah liabilitas manfaat polis masa depan,                         evaluates whether the liabilities for future
                  premi yang belum merupakan pendapatan dan                           policy benefits, unearned premium and
                  estimasi klaim yang diakui dalam laporan                            estimated claims as recognised in the
                  posisi    keuangan     konsolidasian   telah                        consolidated statement of financial position
                  mencukupi, dengan membandingkan total                               have been adequately recognised by
                  tercatat tersebut dengan estimasi arus kas                          comparing the carrying amount with the
                  masa depan sesuai dengan kontrak asuransi.
                                                                                      estimated future cash flows in accordance with
                                                                                      the insurance contracts.
                  Jika perbandingan tersebut menunjukkan                              If the valuation indicates that the carrying value
                  bahwa nilai tercatat atas liabilitas kontrak                        of insurance contract liabilities (net of deferred
                  asuransi (dikurangi dengan biaya akuisisi                           acquisition costs and relevant intangible
                  tangguhan dan aset takberwujud terkait) lebih                       assets) is lower compared to the estimated
                  rendah dibandingkan dengan estimasi nilai kini                      present value of future cash flows, then such
                  atas arus kas masa depan, maka kekurangan                           deficiency is recognised in the consolidated
                  tersebut diakui dalam laporan laba rugi dan                         statement of profit or loss and other
                  penghasilan komprehensif lain konsolidasian.                        comprehensive income.

                  Tes kecukupan liabilitas dihitung berdasarkan                       The liability adequacy test is calculated based
                  diskonto dari arus kas untuk semua arus kas                         on discounted cash flows basis for all related
                  yang terkait yaitu arus kas keluar dan arus kas                     cash flows i.e. both of cash outflows and cash
                  masuk seperti yang disebutkan di atas dengan                        inflows as mentioned above using a set of
                  menggunakan         asumsi-asumsi       aktuaria                    most     recent     best   estimate     actuarial
                  berdasarkan estimasi terbaik terkini yang                           assumptions which is set by the Company’s
                  ditetapkan     oleh    aktuaris     Perusahaan,                     appointed actuary, including interest rate
                  termasuk        asumsi       tingkat     bunga,                     assumptions, mortality/morbidity assumptions,
                  mortalitas/morbiditas, lapse, asumsi biaya dan                      lapse assumptions, expense assumptions and
                  inflasi tanpa margin atas risiko pemburukan                         inflation assumptions without margin for
                  (dan tanpa flooring atas cadangan untuk bisnis                      adverse deviation assumption (and without
                  Konvensional).                                                      reserve flooring for Conventional business).




                                                            Halaman - 67 - Page
1192   Menduniakan Bisnis Indonesia
Page 606
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                           Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                          Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN            AKUNTANSI          YANG        2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES (continued)
     y.   Kontrak asuransi (lanjutan)                                  y.   Insurance contract (continued)

          Pengujian kecukupan liabilitas (lanjutan)                         Liability adequacy tests (continued)

          Grup menerapkan metode Gross Premium                              Group applies the Gross Premium Reserve
          Reserve dalam perhitungan liabilitas kepada                       method to calculate the liability for future policy
          pemegang polis dengan menggunakan asumsi                          benefit based on actuarial assumptions which
          aktuaria berdasarkan asumsi estimasi terbaik                      are based on best estimate assumptions and
          dan margin atas risiko pemburukan, kecuali                        margin for adverse deviation, except for
          untuk       asumsi     biaya    (untuk   bisnis                   expense assumptions (for Conventional
          Konvensional) dan asumsi tingkat bunga,                           business) and interest rate assumptions,
          sehingga tes kecukupan liabilitas perlu                           therefore, the liability adequacy test is
          dilakukan. Berdasarkan hasil uji, estimasi                        required. Based on the assessment, the
          liabilitas lebih tinggi dari estimasi arus kas                    estimated liability is higher than the measure of
          yang memenuhi persyaratan minimum yang                            cash flows that meet the minimum requirement
          menunjukan bahwa estimasi liabilitas tersebut                     which shows that the estimated liability is
          cukup.                                                            adequate.

          Pengakuan pendapatan premi                                        Premium income recognition

          Premi kontrak jangka pendek diakui sebagai                        Premiums received from short-term insurance
          pendapatan dalam periode kontrak sesuai                           contracts are recognised as income within the
          dengan proporsi total proteksi asuransi yang                      contract period based on the insurance
          diberikan. Premi kontrak jangka panjang diakui                    coverage provided. Premium income from long
          sebagai pendapatan pada saat polis jatuh                          duration contracts is recognised as revenue
          tempo.                                                            when the policy is due.

          Pendapatan premi yang diterima sebelum                            Premium income received before the due date
          jatuh tempo polis dicatat sebagai titipan premi                   of the respective policies are reported as
          di laporan posisi keuangan.                                       policyholders’ deposits in the statement of
                                                                            financial position.

          Premi reasuransi bruto diakui sebagai beban                       Gross reinsurance premiums are recognised
          pada saat dibayarkan atau pada tanggal di                         as an expense when payable or on the date in
          mana polis tersebut efektif.                                      which the policy becomes effective.

          Grup menghitung cadangan atas premi yang                          The Group calculates unearned premium
          belum  merupakan    pendapatan     dengan                         reserves using daily amortization method.
          menggunakan metode amortisasi harian.

          Cadangan atas premi yang belum merupakan                          Unearned premium reserves only apply to
          pendapatan hanya diterapkan terhadap premi                        premiums that are short-term with less than
          yang mempunyai risiko (asuransi jangka                            one year insurance period which have risk
          warsa, kecelakaan diri, dan kesehatan) yang                       component only (term life, personal accident,
          periode asuransinya tidak lebih dari satu                         and health insurance).
          tahun.

          Penurunan/(kenaikan) cadangan atas premi                          Decrease/(increase) in unearned premium
          yang belum merupakan pendapatan diakui                            reserves is recognised in the current year’s
          dalam laporan laba rugi periode berjalan.                         profit or loss.                              Ujrah/fee rec

          Ujrah/fee yang diterima oleh Perusahaan                           Ujrah/fee received by the Company is
          diakui sebagai pendapatan dalam laporan laba                      recognised as income in the statement of profit
          rugi dan penghasilan komprehensif lain. Ujrah                     or loss and other comprehensive income. Ujrah
          diamortisasi menggunakan metode garis lurus.                      is amortized using straight-line method.




                                                      Halaman - 68 - Page
                                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1193
Page 607
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                   ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            y.    Kontrak asuransi (lanjutan)                                    y.   Insurance contract (continued)

                  Reasuransi                                                          Reinsurance

                  Grup     mereasuransikan     sebagian     porsi                     Group reinsures a portion of its risk with
                  risikonya kepada perusahaan reasuradur.                             reinsurance companies. The amount of
                  Total premi yang dibayar atau porsi premi atas                      premium paid or portion of premium from
                  transaksi reasuransi prospektif diakui sesuai                       prospective reinsurance transactions is
                  dengan proporsi total proteksi reasuransi yang                      recognized over the reinsurance contract in
                  diterima berdasarkan kontrak reasuransi.                            proportion with the protection received.

                  Aset reasuransi termasuk saldo yang                                 Reinsurance      assets    include    balances
                  diharapkan dibayarkan oleh perusahaan                               expected to be recovered from reinsurance
                  reasuransi untuk ceded liabilitas manfaat polis                     companies for ceded liability for future policy
                  masa depan, ceded estimasi liabilitas klaim                         benefits, ceded estimated claim liabilities and
                  dan ceded premi yang belum merupakan                                ceded      unearned     premiums.      Amounts
                  pendapatan. Total manfaat yang ditanggung                           recoverable from reinsurers are estimated in a
                  oleh reasuradur diperkirakan secara konsisten                       manner consistent with the liability associated
                  sesuai dengan liabilitas yang terkait dengan                        with the reinsured policy.
                  polis reasuransi.

                  Jika aset reasuransi mengalami penurunan                            If a reinsurance asset is impaired, Group
                  nilai, Grup mengurangi nilai tercatat dan                           reduces the carrying amount and recognises
                  mengakui kerugian penurunan nilai tersebut                          the impairment loss in the         consolidated
                  dalam laporan laba rugi dan penghasilan                             statement of profit or loss and other
                  komprehensif     lain    konsolidasian.  Aset                       comprehensive income. A reinsurance asset is
                  reasuransi mengalami penurunan nilai jika ada                       impaired if there is objective evidence, as a
                  bukti obyektif, sebagai akibat dari suatu                           result of an event that occurred after initial
                  peristiwa yang terjadi setelah pengakuan awal                       recognition of the reinsurance asset, that
                  aset reasuransi, bahwa Grup tidak dapat                             Group may not receive all amounts due to it
                  menerima seluruh total karena di bawah                              under the terms of the contract, and the impact
                  syarat-syarat kontrak, dan dampak pada total                        of the amounts that will receive from the
                  yang akan diterima dari reasuradur dapat                            reinsurer can be reliably measured.
                  diukur secara andal.

                  Klaim dan manfaat polis                                             Claims and policy benefits

                  Klaim dan manfaat polis terdiri dari klaim yang                     Claims and policy benefits consist of settled
                  telah diselesaikan, klaim dalam proses                              claims, claims that are still in process of
                  penyelesaian dan estimasi atas klaim yang                           completion and estimate of claims incurred but
                  telah terjadi namun belum dilaporkan (IBNR).                        not yet reported (IBNR). Claims and policy
                  Klaim dan manfaat polis diakui sebagai beban                        benefits are recognized as expenses when the
                  pada     saat    terjadinya  liabilitas    untuk                    liabilities to cover claims are incurred.
                  memberikan proteksi. Klaim reasuransi yang                          Reinsurance      claims      recoveries    from
                  diperoleh dari Grup diakui dan dicatat sebagai                      reinsurance Group are recognized and
                  pengurang klaim dan manfaat polis pada                              recorded as deduction from claims and policy
                  periode     yang     sama   dengan       periode                    benefits consistent in the same period with the
                  pengakuan klaim dan manfaat polis.                                  claims and policies benefits recognition.




                                                            Halaman - 69 - Page
1194   Menduniakan Bisnis Indonesia
Page 608
      Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                         Laporan
       Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                        Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG         2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES (continued)

     y.   Kontrak asuransi (lanjutan)                                 y.   Insurance contract (continued)

          Klaim dan manfaat polis (lanjutan)                               Claims and policy benefits (continued)

          Total klaim dalam penyelesaian, termasuk                         Total claims in process, including claims
          klaim yang telah terjadi namun belum                             incurred but not yet reported, are stated at
          dilaporkan, dinyatakan berdasarkan estimasi                      estimated amounts determined based on the
          menggunakan teknik perhitungan teknis oleh                       actuarial technical insurance calculations
          aktuaris yang dilaporkan sebagai bagian dari                     which is reported as part of “Estimated claim
          ”Estimasi liabilitas klaim” yang diakui pada                     liabilities”    which    recognised      in    the
          laporan keuangan konsolidasian di liabilitas                     consolidated statement of financial position in
          lain-lain. Perubahan dalam estimasi liabilitas                   other liabilities. Changes in estimated claim
          klaim, sebagai hasil dari evaluasi lebih lanjut                  liabilities as a result of further evaluation and
          dan perbedaan antara estimasi klaim dengan                       the difference between estimated claims and
          klaim yang dibayarkan, diakui sebagai biaya                      paid claims are recognized as addition to or
          tambahan atau pengurang biaya pada periode                       deduction from expenses in the period the
          terjadinya perubahan.                                            changes occurred.

          Utang klaim                                                      Claims payable

          Utang klaim merupakan liabilitas yang timbul                     Claims payable represents liability arising from
          dari klaim yang diajukan oleh pemegang polis                     the submitted claim by policyholders and
          dan disetujui oleh Grup tetapi belum dibayar                     approved by the Group but not yet paid as of
          hingga tanggal laporan posisi keuangan.                          statement of financial position date. Claims
          Utang klaim diakui pada saat total yang harus                    payable is recognised at the time the amount
          dibayar disetujui. Liabilitas tersebut dihentikan                to be paid is approved. The liability is
          pengakuannya pada saat kontrak berakhir,                         derecognised when the contract expires,
          dilepaskan atau dibatalkan.                                      discharged or cancelled.

          Liabilitas manfaat polis masa depan                              Liability for future policy benefits

          Liabilitas   manfaat     polis  masa    depan                    The liabilities for future policy benefits
          merupakan nilai sekarang estimasi manfaat                        represent the present value of estimated future
          polis masa depan yang akan dibayarkan                            policy benefits to be paid to policyholders or
          kepada pemegang polis atau ahli warisnya                         their heirs less present value of estimated
          dikurangi dengan nilai sekarang dari estimasi                    future premiums to be received from the
          premi masa depan yang akan diterima dari                         policyholders and recognized consistently with
          pemegang polis dan diakui secara konsisten                       the recognition of premium income. The
          pada saat pengakuan pendapatan premi.                            liabilities for future policy benefits are
          Liabilitas manfaat polis masa depan ditentukan                   determined and computed based on certain
          dan dihitung dengan menggunakan rumus                            formula by Group’s actuary.
          tertentu oleh aktuaris Grup.

          Grup menghitung liabilitas manfaat polis masa                    Group calculates the liabilities for future policy
          depan dengan menggunakan metode Gross                            benefits using Gross Premium Valuation
          Premium Valuation yang mencerminkan nilai                        method that reflect the present value of
          sekarang estimasi pembayaran seluruh                             estimated    payments         throughout      the
          manfaat yang diperjanjikan termasuk seluruh                      guaranteed benefits including all the
          opsi yang disediakan, nilai sekarang estimasi                    embedded options available, the estimated
          seluruh biaya yang dikeluarkan dan juga                          present value of all handling costs incurred
          mempertimbangkan penerimaan premi           di                   and also considering the future premium
          masa depan.                                                      receipt.

          Perubahan liabilitas manfaat polis masa depan                    Changes in the liabilities for future policy
          diakui dalam laba rugi tahun berjalan.                           benefits are recognized in the current year’s
                                                                           profit or loss.




                                                    Halaman - 70 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1195
Page 609
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                     ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            y.    Kontrak asuransi (lanjutan)                                    y.   Insurance contract (continued)
                  Liabilitas manfaat polis masa depan (lanjutan)                      Liabilities for future policy benefits (continued)
                  Untuk produk unit link, liabilitas kepada                           For unit-linked products, the liabilities to unit-
                  pemegang polis unit link diakui pada saat                           linked policyholders is recognized at the time
                  penerimaan dana dikonversi menjadi unit                             the funds received are converted into units, net
                  setelah dikurangi biaya-biaya dan akan                              of related expenses and will increase or
                  bertambah atau berkurang sesuai dengan nilai                        decrease in accordance with effective net
                  aset bersih efektif yang berlaku. Risiko                            asset value. Related investment risk are born
                  investasi terkait ditanggung oleh pemegang                          by the unit-linked policyholders.
                  polis unit link.
                  Penerimaan dana dari nasabah untuk produk                           Funds received from customers for non-sharia
                  non syariah diakui sebagai pendapatan premi                         products are recognized as gross premiums
                  bruto di laporan laba rugi dan penghasilan                          income in the consolidated statement of profit
                  komprehensif lain konsolidasian. Liabilitas                         and loss and other comprehensive income.
                  kepada pemegang polis unit link diakui di                           Liabilities to unit-linked policyholders are
                  laporan posisi keuangan konsolidasian di                            recognized in the consolidated statement of
                  liabilitas lain-lain yang termasuk di dalam                         financial position in the other liabilities which is
                  liabilitas manfaat polis masa depan sebesar                         included in the liabilities for future policy
                  jumlah yang diterima setelah dikurangi dengan                       benefits for the amount received net of the
                  bagian premi yang merupakan pendapatan                              portion of premium representing Subsidiary’s
                  Entitas Anak, disertai dengan pengakuan                             revenue, with corresponding profit or loss
                  kenaikan liabilitas kepada pemegang polis unit                      recognition for the increase in liabilities to unit-
                  link di laba rugi.                                                  linked policyholders.
                  Setiap bunga, keuntungan atau kerugian dari                         Any interest, gain or loss due to increases or
                  kenaikan atau penurunan nilai pasar investasi                       decreases in market value of investments are
                  dicatat sebagai pendapatan atau beban,                              recorded as income or expense, with a
                  disertai dengan pengakuan kenaikan atau                             corresponding recognition of increase or
                  penurunan liabilitas manfaat polis masa depan                       decrease in liabilities for future policy benefits
                  di laporan laba rugi dan liabilitas manfaat polis                   in the profit or loss and liabilities for future
                  masa depan di laporan posisi keuangan                               policy benefits in the consolidated statement of
                  konsolidasian.                                                      financial position.
                  Penerimaan dana dari nasabah untuk produk                           Funds received from customers for unit-linked
                  unit link diakui sebagai liabilitas manfaat polis                   products are recognised as liabilities for future
                  masa depan (diakui di liabilitas lain-lain) dan                     policy benefits (recognised in other liabilities)
                  di laporan posisi keuangan sebesar total yang                       in the consolidated statement of financial
                  diterima setelah dikurangi charges atau admin                       position for the amount received net of
                  fee lainnya dalam rangka mengelola                                  charges or other admin fee in managing the
                  pendapatan dari produk unit link.                                   unit-linked product revenue.
            z.    Perpajakan                                                     z.   Taxation
                  Beban pajak terdiri dari pajak kini dan pajak                       The tax expense comprises of current and
                  tangguhan. Pajak diakui dalam laporan laba                          deferred tax. Tax are recognized in the profit or
                  rugi, kecuali jika pajak tersebut terkait dengan                    loss, except to the extent that it relates to items
                  transaksi atau kejadian yang diakui di                              recognized in other comprehensive income or
                  penghasilan komprehensif lain atau langsung                         directly in equity. In this case, the tax is also
                  diakui ke ekuitas. Dalam hal ini, pajak tersebut                    recognized in other comprehensive income or
                  masing-masing diakui dalam penghasilan                              directly in equity, respectively.
                  komprehensif lain atau ekuitas.




                                                            Halaman - 71 - Page
1196   Menduniakan Bisnis Indonesia
Page 610
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN            AKUNTANSI        YANG        2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES (continued)
     z.   Perpajakan (lanjutan)                                      z.   Taxation (continued)
          Beban pajak kini dihitung berdasarkan                           The current income tax charge is calculated on
          peraturan perpajakan yang berlaku pada                          the basis of the tax laws enacted or
          tanggal pelaporan keuangan. Manajemen                           substantively enacted at the reporting date.
          secara periodik mengevaluasi posisi yang                        Management periodically evaluates positions
          dilaporkan di Surat Pemberitahuan Tahunan                       taken in tax returns with respect to situations in
          (SPT) sehubungan dengan situasi dimana                          which applicable tax regulation is subject to
          aturan pajak yang berlaku membutuhkan                           interpretation. It establishes provision where
          interpretasi.  Jika    perlu,   manajemen                       appropriate on the basis of amounts expected
          menentukan provisi berdasarkan jumlah yang                      to be paid to the tax authorities.
          diharapkan akan dibayar kepada otoritas
          pajak.
          Pajak penghasilan tangguhan diakui, dengan                      Deferred income tax is recognized, using the
          menggunakan metode posisi keuangan untuk                        financial position method, on temporary
          semua perbedaan temporer antara dasar                           differences arising between the tax bases of
          pengenaan pajak aset dan liabilitas dengan                      assets and liabilities and their carrying
          nilai tercatatnya pada laporan keuangan                         amounts in the consolidated financial
          konsolidasian.    Namun,     liabilitas    pajak                statements. However, deferred tax liabilities
          penghasilan tangguhan tidak diakui jika                         are not recognized if they arise from the initial
          berasal dari pengakuan awal goodwill atau                       recognition of goodwill and deferred income
          pada saat pengakuan awal aset dan liabilitas                    tax is not accounted for if it arises from initial
          yang timbul dari transaksi selain kombinasi                     recognition of an asset or liability in a
          bisnis yang pada saat transaksi tersebut tidak                  transaction other than a business combination
          mempengaruhi laba rugi akuntansi dan laba                       that at the time of the transaction affects
          rugi kena pajak. Pajak penghasilan tangguhan                    neither accounting nor taxable profit or loss.
          ditentukan dengan menggunakan tarif pajak                       Deferred income tax is determined using tax
          yang telah berlaku atau secara substantif telah                 rates that have been enacted or substantially
          berlaku pada akhir periode pelaporan dan                        enacted as at reporting period and is expected
          diharapkan diterapkan ketika aset pajak                         to apply when the related deferred income tax
          penghasilan tangguhan direalisasi atau                          asset is realised or the deferred income tax
          liabilitas pajak    penghasilan       tangguhan                 liability is settled.
          diselesaikan.
          Aset pajak penghasilan tangguhan diakui                         Deferred tax assets are recognized only to the
          hanya jika besar kemungkinan jumlah                             extent that it is probable that future taxable
          penghasilan kena pajak dimasa depan akan                        profit will be available against which the
          memadai     untuk  dikompensasi   dengan                        temporary differences can be utilised.
          perbedaan temporer yang masih dapat
          dimanfaatkan.
          Aset dan liabilitas pajak penghasilan                           Deferred tax assets and liabilities are offset
          tangguhan dapat saling hapus apabila terdapat                   when there is a legally enforceable right to
          hak    yang     berkekuatan    hukum    untuk                   offset current tax assets against current tax
          melakukan saling hapus antara aset pajak kini                   liabilities and when the deferred income taxes
          dengan liabilitas pajak kini dan apabila aset                   assets and liabilities relate to income taxes
          dan liabilitas pajak penghasilan tangguhan                      levied by the same taxation authority either the
          dikenakan oleh otoritas perpajakan yang                         same taxable entity or different taxable entities
          sama, baik atas entitas kena pajak yang sama                    where there is an intention to settle the
          ataupun berbeda dan adanya niat untuk                           balances on a net basis.
          melakukan penyelesaian saldo-saldo tersebut
          secara neto.




                                                    Halaman - 72 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1197
Page 611
       Performa                   Laporan                 Profil
                                             PT BANK NEGARA                   Analisa dan Pembahasan
                                                                  INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                    Manajemen             Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN               AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                     ACCOUNTING
            MATERIAL (lanjutan)                                                   POLICIES (continued)
            z.    Perpajakan (lanjutan)                                           z.   Taxation (continued)

                  Koreksi terhadap kewajiban perpajakan diakui                         Corrections to taxation obligations are
                  saat surat ketetapan pajak diterima atau jika                        recorded when an assessment is received or,
                  mengajukan keberatan, pada saat keputusan                            if appealed against, when the appeal has been
                  atas keberatan tersebut telah ditetapkan.                            decided.

            aa. Imbalan kerja                                                     aa. Employee benefits

                  Imbalan kerja jangka pendek                                          Short-term employee benefits

                  Imbalan kerja jangka pendek diakui pada saat                         Short-term employee benefits are recognized
                  terutang kepada karyawan.                                            when they accrued to the employees.

                  Imbalan pensiun dan imbalan pasca-kerja                              Pension  benefits        and        other         post-
                  lainnya                                                              employment

                  BNI memiliki program pensiun imbalan pasti                           BNI has defined benefit              and      defined
                  dan iuran pasti.                                                     contribution pension plans.

                  Program pensiun imbalan pasti adalah                                 A defined benefit pension plan is a pension
                  program pensiun yang menetapkan jumlah                               plan that defines an amount of pension that
                  imbalan pensiun yang akan diterima oleh                              will be received by the employee on becoming
                  karyawan pada saat pensiun, yang biasanya                            entitled to a pension, which usually depends
                  tergantung pada satu faktor atau lebih, seperti                      on one or more factors such as age, years of
                  umur, masa kerja, dan jumlah kompensasi.                             service and compensation. This plan is
                  Program ini dikelola oleh Dana Pensiun                               managed by Dana Pensiun PT Bank Negara
                  PT Bank Negara Indonesia (Persero) Tbk                               Indonesia (Persero) Tbk (“Dana Pensiun”).
                  (“Dana Pensiun”).

                  Program pensiun iuran pasti adalah program                           A defined contribution plan is a pension plan
                  pensiun dimana Bank akan membayar iuran                              under which the Bank pays fixed contributions
                  tetap kepada sebuah entitas yang terpisah                            into a separate entity (pension fund) and has
                  (dana pensiun) dan tidak memiliki liabilitas                         no legal or constructive obligation to pay
                  hukum atau konstruktif untuk membayar                                further contributions. This plan is managed by
                  kontribusi lebih lanjut. Program ini dikelola oleh                   Dana Pensiun Lembaga Keuangan PT Bank
                  Dana Pensiun Lembaga Keuangan PT Bank                                Negara Indonesia (Persero)Tbk (“DPLK”).
                  Negara Indonesia (Persero) Tbk (“DPLK”).

                  BNI diharuskan menyediakan imbalan pensiun                           BNI is required to provide minimum pension
                  minimum yang diatur dalam Undang-Undang                              benefits as stipulated in Undang-Undang Cipta
                  Cipta Kerja No. 11/2020 dan PP 35/2021, yang                         Kerja No. 11/2020 and PP 35/2021 which
                  merupakan liabilitas imbalan pasti. Jika                             represents an underlying defined benefit
                  imbalan pensiun sesuai dengan Undang-                                obligation. If the pension benefits based on
                  Undang Cipta Kerja No. 11/2020 dan                                   Undang-Undang Cipta Kerja No. 11/2020 and
                  PP 35/2021 lebih besar, selisih tersebut diakui                      PP 35/2021 are higher, the difference is
                  sebagai bagian dari liabilitas imbalan pensiun.                      recorded as part of the overall pension
                                                                                       benefits obligation.

                  Karena    Undang-Undang      Cipta   Kerja                           Since the Undang-Undang Cipta Kerja sets the
                  menentukan rumus tertentu untuk menghitung                           formula for determining the minimum amount
                  jumlah minimal imbalan pensiun, pada                                 of benefits, in substance pension plans under
                  dasarnya program pensiun berdasarkan                                 the Undang-Undang Cipta Kerja represent
                  Undang-Undang Cipta Kerja adalah program                             defined benefit plans.
                  imbalan pasti.




                                                             Halaman - 73 - Page
1198   Menduniakan Bisnis Indonesia
Page 612
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN             AKUNTANSI       YANG        2.   SUMMARY OF MATERIAL                           ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES (continued)

     aa. Imbalan kerja (lanjutan)                                    aa. Employee benefits (continued)

          Imbalan pensiun dan imbalan pasca-kerja                         Pension  benefits     and    other                    post-
          lainnya (lanjutan)                                              employment benefits (continued)

          Sehubungan dengan program imbalan pasti,                        The liability recognized in the consolidated
          liabilitas diakui pada laporan posisi keuangan                  statement of financial position in respect of
          konsolidasian sebesar nilai kini kewajiban                      defined benefit pension plans is the present
          imbalan pasti pada akhir periode pelaporan                      value of the defined benefit obligation at the
          dikurangi nilai wajar aset program. Kewajiban                   end of the reporting period less the fair value
          imbalan pasti dihitung setiap tahun oleh                        of plan assets. The defined benefit obligation
          aktuaris       yang     independen      dengan                  is calculated annually by independent
          menggunakan metode projected unit credit.                       actuaries using the projected unit credit
                                                                          method.

          Nilai kini kewajiban imbalan pasti ditentukan                   The present value of the defined benefit
          dengan mendiskontokan arus kas keluar yang                      obligation is determined by discounting the
          diestimasi dengan menggunakan tingkat bunga                     estimated future cash outflows using interest
          Obligasi Pemerintah (dikarenakan saat ini tidak                 rates of Government Bonds (considering that
          ada pasar aktif untuk obligasi perusahaan yang                  currently there is no active market for high-
          berkualitas tinggi) yang didenominasikan                        quality corporate bonds) that are denominated
          dalam     Rupiah    dimana      imbalan   akan                  in Rupiah in which the benefits will be paid,
          dibayarkan dan memiliki jangka waktu jatuh                      and that have terms to maturity approximating
          tempo mendekati jangka waktu kewajiban                          to the terms of the related pension obligation.
          pensiun.

          Keuntungan dan kerugian aktuarial yang timbul                   Actuarial gains and losses arising from
          dari penyesuaian dan perubahan dalam                            experience adjustments and changes in
          asumsi-asumsi aktuarial langsung diakui                         actuarial assumptions are charged or credited
          seluruhnya melalui penghasilan komprehensif                     to equity in other comprehensive income in the
          lainnya pada saat terjadinya.                                   period in which they arise.

          Biaya jasa lalu diakui segera dalam laporan                     Past-service costs are recognized immediately
          laba rugi.                                                      in profit or loss.

          Keuntungan dan kerugian dari kurtailmen atau                    Gains or losses on the curtailment or
          penyelesaian program manfaat pasti diakui di                    settlement of a defined benefit plan are
          laba rugi ketika kurtailmen atau penyelesaian                   recognized in profit or loss when the
          tersebut terjadi.                                               curtailment or settlement occurs.

          Grup juga memberikan imbalan pasca kerja                        The Group also provides other post-
          lainnya, seperti uang penghargaan dan uang                      employment benefits, such as service pay and
          pisah. Imbalan berupa uang penghargaan                          separation pay. The service pay benefit vests
          diberikan apabila karyawan bekerja hingga                       when the employees reach their retirement
          mencapai usia pensiun. Sedangkan imbalan                        age. The separation pay benefit is paid to
          berupa uang pisah, dibayarkan kepada                            employees in the case of voluntary
          karyawan yang mengundurkan diri secara                          resignation, subject to a minimum number of
          sukarela, setelah memenuhi minimal masa                         years of service. These benefits have been
          kerja tertentu. Imbalan ini dihitung dengan                     accounted for using the same methodology as
          menggunakan metodologi yang sama dengan                         for the defined benefit pension plan.
          metodologi yang digunakan dalam perhitungan
          program pensiun imbalan pasti.




                                                    Halaman - 74 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1199
Page 613
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN              AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                    ACCOUNTING
            MATERIAL (lanjutan)                                                  POLICIES (continued)

            aa. Imbalan kerja (lanjutan)                                         aa. Employee benefits (continued)

                  Imbalan jangka panjang lainnya                                     Other long-term benefits

                  Imbalan jangka panjang lainnya seperti cuti                        Other long-term employee benefits such as
                  berimbalan jangka panjang, imbalan cacat                           long service leave, permanent disability benefit
                  permanen dan penghargaan jubilee dihitung                          and jubilee awards are calculated using the
                  dengan menggunakan metode projected unit                           projected unit credit method and discounted to
                  credit dan didiskontokan ke nilai kini.                            present value. Actuarial gains and losses
                  Keuntungan dan kerugian aktuarial yang                             arising from experience adjustments and
                  timbul dari penyesuaian dan perubahan dalam                        change in actuarial assumption are recognised
                  asumsi-asumsi aktuarial diakui dalam laporan                       and credited to profit or loss.
                  laba rugi.

            ab. Laba per saham dasar                                             ab. Basic earnings per share

                  Laba per saham dasar dihitung dengan                                Basic earnings per share is computed by
                  membagi laba tahun berjalan yang tersedia                           dividing income for the year available to
                  bagi pemegang saham biasa (laba residual)                           shareholders of ordinary shares (residual
                  dengan jumlah rata-rata tertimbang lembar                           income) by the weighted average number of
                  saham biasa yang beredar selama tahun                               ordinary shares outstanding during the current
                  berjalan.                                                           year.

            ac. Transaksi dengan pihak-pihak berelasi                            ac. Transactions with related parties

                  BNI dan Entitas Anak melakukan transaksi                            BNI and Subsidiaries enter into transactions
                  dengan pihak-pihak berelasi seperti yang                            with parties which are defined as related
                  didefinisikan dalam PSAK 7 tentang                                  parties in accordance with SFAS 7 regarding
                  “Pengungkapan Pihak-pihak Berelasi” dan                             “Related Party Disclosures” and Regulation
                  Peraturan      Bapepam-LK        No.    KEP-                        of the Capital Market and Financial Institution
                  347/BL/2012 tanggal 25 Juni 2012 tentang                            Supervisory Board (Bapepam-LK) No. KEP-
                  “Pedoman Penyajian dan Pengungkapan                                 347/BL/2012 dated 25 June 2012 regarding
                  Laporan Keuangan Emiten atau Perusahaan                             “Guidelines     for   Financial   Statements
                  Publik” yang didefinisikan antara lain:                             Presentation and Disclosure of Issuers or
                                                                                      Public Companies”, which are defined,
                                                                                      among others, as:

                  (i)   perusahaan di bawah pengendalian BNI                          (i)   entities under the control of BNI and
                        dan Entitas Anak;                                                   Subsidiaries;
                  (ii) perusahaan asosiasi;                                           (ii) associated companies;
                  (iii) investor yang memiliki hak suara, yang                        (iii) investors with voting rights that gives
                        memberikan investor tersebut suatu                                  them significant influence;
                        pengaruh yang signifikan;
                  (iv) perusahaan di bawah pengendalian                               (iv) entities controlled by investors under
                        investor yang dijelaskan dalam Catatan iii                         Note iii above;
                        di atas;
                  (v) karyawan         kunci     dan    anggota                       (v)  key employees and family members;
                        keluarganya; dan                                                   and
                  (vi) entitas yang dikendalikan, dikendalikan                        (vi) entity that is controlled, jointly controlled
                        bersama      atau   dipengaruhi   secara                           or      significantly     influenced       by
                        signifikan oleh Pemerintah yaitu Menteri                           Government, which is defined as the
                        Keuangan yang merupakan pemegang                                   Minister of Finance who has share
                        saham dari entitas.                                                ownership in the entity.

                  Semua transaksi signifikan dengan pihak-                            All significant transactions with related parties
                  pihak berelasi, telah diungkapkan pada                              have been disclosed in notes to the
                  catatan atas laporan keuangan konsolidasian.                        consolidated financial statements.




                                                            Halaman - 75 - Page
1200   Menduniakan Bisnis Indonesia
Page 614
      Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                        Laporan
       Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                       Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

2.   IKHTISAR KEBIJAKAN             AKUNTANSI       YANG          2.   SUMMARY OF MATERIAL                          ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES (continued)

     ad. Dividen                                                       ad. Dividends
          Pembagian dividen kepada para pemegang                           Dividend distribution to the shareholders is
          saham diakui sebagai liabilitas dalam laporan                    recognized as a liability in the consolidated
          keuangan konsolidasian pada periode ketika                       financial statements in the period in which the
          dividen tersebut disetujui oleh para pemegang                    dividends are approved by the shareholders.
          saham.
     ae. Pelaporan segmen                                              ae. Segment reporting

          Grup mengidentifikasikan segmen operasi                          The Group defines an operating segment as a
          sebagai suatu komponen dari entitas:                             component of an entity:

          a)     yang terlibat dalam aktivitas bisnis yang                 a)   that engages in business activities from
                 mana memperoleh pendapatan dan                                 which it may earn revenues and incur
                 menimbulkan        beban        (termasuk                      expenses (including revenues and
                 pendapatan dan beban terkait dengan                            expenses relating to transactions with
                 transaksi dengan komponen lain dari                            other components of the same entity);
                 entitas yang sama);
          b)     hasil operasinya dikaji ulang secara                      b)   whose operating results are reviewed
                 reguler oleh pengambil keputusan                               regularly by the entity’s chief operating
                 operasional untuk membuat keputusan                            decision maker to make decisions about
                 tentang sumber daya yang dialokasikan                          resources to be allocated to the segment
                 pada segmen tersebut dan menilai                               and assess its performance; and
                 kinerjanya; dan
          c)     tersedia informasi keuangan yang dapat                    c)   for which discrete financial information is
                 dipisahkan.                                                    available.

          Sesuai dengan PSAK No. 5 tentang “Segmen                         Refer to SFAS No.5 about “Operating
          Operasi”, Grup menyajikan segmen operasi                         Segments”, the Group discloses its operating
          berdasarkan laporan internal Grup yang                           segments based on Group’s internal report
          disajikan kepada pengambil keputusan                             presented to operation-decision makers. The
          operasional.      Pengambil     keputusan                        operation-decision makers are the Board of
          operasional adalah Direksi.                                      Directors.

          Pada tahun 2022, Grup mengungkapkan                              In 2022, the Group discloses its operating
          segmen operasionalnya berdasarkan segmen                         segments defined based on business
          usaha sebagai berikut:          Corporate &                      segments      as   follows:    Corporate   &
          International Banking, Institutional Banking,                    International Banking, Institutional Banking,
          Enterprises    &    Commercial       Banking,                    Enterprises     &    Commercial      Banking,
          Consumer Banking, Treasury, Kantor Pusat                         Consumer Banking, Treasury, Head Office
          dan Entitas Anak.                                                and Subsidiaries.

          Di tahun 2023, Grup menerapkan perubahan                         In 2023, the Group implements some changes
          terhadap pengelompokkan segmen operasi                           in disclosing its operational segments based
          yang berdasarkan hasil Rapat Umum                                on General Annual Meeting of Shareholder for
          Pemegang Saham yang digunakan dalam                              the internal management performance report.
          laporan kinerja manajemen internal. Grup                         The new operating segments are defined
          mengungkapkan segmen operasionalnya                              based on business segments as follows:
          berdasarkan segmen usaha sebagai berikut:                        Wholesale       &      International    Banking,
          Wholesale     &    International    Banking,                     Institutional    Banking,       Enterprises   &
          Institutional  Banking,     Enterprises   &                      Commercial       Banking,      Retail   Banking,
          Commercial     Banking,    Retail   Banking,                     Treasury, Head Office and Subsidiaries with
          Treasury, Kantor Pusat dan Entitas Anak                          some reclassification for each business
          dengan terdapat reklasifikasi di masing-                         segments referring to the new organizational
          masing bisnis segmen sesuai dengan                               of board of directors.
          organisasi direksi dan pembidangan yang
          baru.




                                                    Halaman - 76 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1201
Page 615
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       2.   IKHTISAR KEBIJAKAN             AKUNTANSI       YANG            2.   SUMMARY OF MATERIAL                   ACCOUNTING
            MATERIAL (lanjutan)                                                 POLICIES (continued)

            af. Biaya emisi penerbitan saham                                    af. Shares issuance costs

                  Biaya-biaya    emisi   efek   yang    terjadi                     Costs related to the public offering of shares
                  sehubungan dengan penawaran saham                                 (including pre-emptive rights issue) are
                  kepada masyarakat (termasuk penerbitan hak                        deducted from the proceeds and presented as
                  memesan efek terlebih dahulu) dikurangkan                         a deduction of “Additional Paid-In Capital -
                  langsung dari hasil emisi dan disajikan                           Net” account, under Equity section in the
                  sebagai pengurang pada akun “Tambahan                             consolidated statement of financial position.
                  Modal Disetor - Bersih”, sebagai bagian dari
                  Ekuitas pada laporan posisi keuangan
                  konsolidasian.

            ag. Saham treasuri                                                  ag. Treasury shares

                  Ketika entitas Grup membeli modal saham                           When any Group entity purchases the entity’s
                  ekuitas entitas (saham treasuri), imbalan                         equity share capital (treasury shares), the
                  yang dibayar, termasuk biaya tambahan yang                        consideration paid, including any directly
                  secara     langsung    dapat     diatribusikan                    attributable incremental costs (net of income
                  (dikurangi pajak penghasilan) dikurangkan                         taxes) is deducted from equity attributable to
                  dari ekuitas yang diatribusikan kepada                            the entity’s equity holders until the shares are
                  pemilik ekuitas entitas sampai saham                              cancelled or reissued. When ordinary shares
                  tersebut dibatalkan atau diterbitkan kembali.                     are subsequently reissued, any consideration
                  Ketika saham biasa tersebut selanjutnya                           received, net of any directly attributable
                  diterbitkan kembali, imbalan yang diterima,                       incremental transaction costs and the related
                  dikurangi biaya tambahan transaksi yang                           income tax effects, is included in equity
                  terkait dan dampak pajak penghasilan yang                         attributable to the entity’s equity holders.
                  terkait dimasukkan kepada ekuitas yang
                  dapat diatribusikan kepada pemilik ekuitas
                  entitas.

            ah. Kompensasi berbasis saham                                       ah. Share-based payment

                  Bank menjalankan program kompensasi                               Bank operates an equity-settled, share-based
                  berbasis   saham      dengan     penyelesaian                     compensation plan. The fair value of the
                  menggunakan ekuitas. Nilai wajar dari jasa                        employee services received in exchange for
                  karyawan yang dikompensasikan dengan                              the grant of shares is recognised as an
                  saham Bank diakui sebagai beban di laporan                        expense in the statements of profit or loss. The
                  laba rugi. Jumlah keseluruhan yang diakui                         total amount to be recognised over the vesting
                  sepanjang    periode     vesting   ditentukan                     period is determined based on the fair value of
                  berdasarkan nilai wajar saham yang diberikan                      the shares granted on the grant date.
                  pada tanggal pemberian kompensasi.

            ai. Tanggung Jawab Sosial dan Lingkungan                            ai. Social and Environmental Responsibility

                  Berdasarkan PER-05/MBU/04/2021 tentang                            Based on PER-05/MBU/04/2021 concerning
                  Program Tanggung Jawab Sosial dan                                 Social and Environmental Responsibility
                  Lingkungan Badan Usaha Milik Negara                               Programs for State-Owned Enterprises dated
                  tanggal 20 April 2021 sebagaimana diubah                          20 April 2021, as last amended by PER
                  terakhir dengan PER1/MBU/03/2023 tentang                          1/MBU/03/2023          concerning         Special
                  Penugasan Khusus dan Program Tanggung                             Assignments and Social and Environmental
                  Jawab Sosial dan Lingkungan Badan Usaha                           Responsibility      Programs      for     Owned
                  Milik Negara tanggal 24 Maret 2023, istilah                       Enterprises, 24 March 2023, the term PKBL
                  PKBL (Program Kemitraan dan Bina                                  (Partnership and Community Development
                  Lingkungan) tidak digunakan lagi dan diganti                      Program) is no longer used and replaced with
                  menjadi TJSL (Tanggung Jawab Sosial &                             TJSL       (Social       and      Environmental
                  Lingkungan). Alokasi dana tidak dialokasikan                      Responsibility). Allocation of funds is not made
                  dari saldo laba berdasarkan hasil keputusan                       from retained earnings based on resolutions of
                  Rapat Umum Pemegang Saham (RUPS)                                  the General Meeting of Shareholders (GMS),
                  akan tetapi diakui dan dibebankan ke laporan                      but is recognized and charged to the
                  laba rugi dan penghasilan komprehensif lain                       consolidated statement of profit or loss and
                  konsolidasian tahun berjalan.                                     other comprehensive income for the current
                                                                                    year.



                                                           Halaman - 77 - Page
1202   Menduniakan Bisnis Indonesia
Page 616
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                       3.   USE OF CRITICAL ACCOUNTING ESTIMATES
     AKUNTANSI YANG PENTING                                          AND JUDGMENTS

     Beberapa estimasi dan asumsi dibuat dalam                       Certain estimates and assumptions are made in the
     rangka      penyusunan       laporan       keuangan             preparation of the consolidated financial statements
     konsolidasian dimana dibutuhkan pertimbangan                    and these require management judgement in
     manajemen dalam menentukan metodologi yang                      determining the appropriate methodology for
     tepat untuk penilaian aset dan liabilitas.                      valuation of assets and liabilities.

     Manajemen membuat estimasi dan asumsi yang                      Management makes estimates and assumptions
     berimplikasi pada pelaporan nilai aset dan                      that affect the reported amounts of assets and
     liabilitas atas tahun keuangan satu tahun                       liabilities within the next financial year. All estimates
     kedepan. Semua estimasi dan asumsi yang                         and assumptions required in conformity with SFAS
     diharuskan oleh PSAK adalah estimasi terbaik                    are best estimates undertaken in accordance with
     yang didasarkan pada standar yang berlaku.                      the applicable standard. Estimates and judgements
     Estimasi dan pertimbangan dievaluasi secara                     are evaluated on a continuous basis, and are
     terus menerus dan berdasarkan pengalaman                        based on past experiences and other factors,
     masa lalu dan faktor-faktor lain termasuk harapan               including expectations with regard to future events.
     atas kejadian yang akan datang.

     Walaupun estimasi dan asumsi ini dibuat                         Although these estimates and assumptions are
     berdasarkan pengetahuan terbaik manajemen                       based on management’s best knowledge of current
     atas kejadian dan tindakan saat ini, hasil yang                 events and activities, actual result may differ from
     timbul mungkin berbeda dengan estimasi dan                      those estimates and assumptions.
     asumsi semula.

     Sumber utama ketidakpastian estimasi:                           Key sources of estimation uncertainty:

     a.   Cadangan kerugian penurunan nilai aset                     a.   Allowances for            impairment          losses       of
          keuangan                                                        financial assets

          Kondisi spesifik counterparty yang mengalami                    In the calculation of allowance for impairment
          penurunan      nilai   dalam    pembentukan                     losses of financial assets, the specific
          cadangan kerugian atas aset keuangan                            condition of impaired counterparty is
          dievaluasi secara individu berdasarkan                          individually evaluated based on management's
          estimasi terbaik manajemen atas nilai kini                      best estimate of the present value of the
          arus kas yang diharapkan akan diterima, baik                    expected cash flows to be received, including
          dari waktu dan jumlah. Dalam mengestimasi                       both timing and amount. In estimating these
          arus kas tersebut, manajemen membuat                            cash flows, management makes judgements
          pertimbangan tentang situasi keuangan                           about the counterparty's financial situation and
          counterparty dan nilai realisasi bersih dari                    the net realizable value of any underlying
          setiap agunan, serta probabilitas rata-rata                     collateral,   including    weighted     average
          tertimbang kerugian kredit. Setiap aset yang                    probability of credit losses. Each impaired
          mengalami penurunan nilai dinilai sesuai                        asset is assessed on its merits, and the
          dengan manfaat yang ada, dan strategi                           workout strategy and estimated cash flows
          penyelesaian serta estimasi arus kas yang                       considered recoverable.
          diperkirakan dapat diterima.




                                                    Halaman - 78 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1203
Page 617
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                           3.   USE OF CRITICAL ACCOUNTING ESTIMATES
            AKUNTANSI YANG PENTING                                              AND JUDGMENTS

            Sumber utama ketidakpastian estimasi: (lanjutan)                    Key sources of estimation uncertainty: (continued)

            a.    Cadangan kerugian penurunan nilai aset                         a.   Allowances for impairment                losses   of
                  keuangan (lanjutan)                                                 financial assets (continued)

                  Perhitungan cadangan penurunan nilai                                Collectively assessed impairment allowances
                  kolektif meliputi kerugian kredit yang melekat                      cover credit losses inherent in portfolios of
                  dalam portofolio aset keuangan dengan                               financial assets with similar economic
                  karakteristik ekonomi yang sama, tetapi                             characteristics, but the individually impaired
                  penurunan nilai secara individu belum dapat                         items cannot yet be identified. In assessing the
                  diidentifikasi. Dalam menilai kebutuhan untuk                       need for collective allowances, management
                  cadangan            kolektif,        manajemen                      considers factors such as credit quality and
                  mempertimbangkan         faktor-faktor   seperti                    type of product. In order to estimate the
                  kualitas kredit dan jenis produk. Guna                              required allowance, assumptions are made to
                  membuat estimasi cadangan yang diperlukan,                          define the way inherent losses are modelled,
                  manajemen         membuat      asumsi      untuk                    which include weighted average probability of
                  menentukan        kerugian     yang     melekat,                    default, loss given default and exposure at
                  termasuk probabilitas rata-rata tertimbang                          default, and to determine the required input
                  kerugian kredit, loss given default dan                             parameters, based on historical experiences,
                  exposure of default, dan untuk menentukan                           current economic conditions and forecast on
                  parameter        input      yang     diperlukan,                    future economic condition. The accuracy of the
                  berdasarkan pengalaman masa lalu, kondisi                           allowances depends on how well these
                  ekonomi saat ini dan perkiraan kondisi                              estimated future cash flows for specific
                  ekonomi       dimasa     depan.      Keakuratan                     counterparty allowances and the model
                  penyisihan tergantung pada seberapa baik                            assumptions and parameters are used in
                  estimasi arus kas masa depan untuk                                  determining collective allowances.
                  cadangan counterparty tertentu dan asumsi
                  model dan parameter yang digunakan dalam
                  menentukan cadangan kolektif.

                  Dalam menentukan nilai wajar aset keuangan                          In determining the fair value for financial
                  dan liabilitas yang tidak mempunyai harga                           assets and financial liabilities for which there is
                  pasar, Grup menggunakan teknik penilaian                            no observable market price, the Group uses
                  seperti yang dijelaskan dalam Catatan 2c.                           the valuation techniques as described in Note
                  Untuk instrumen keuangan yang jarang                                2c. For financial instruments that are traded
                  diperdagangkan dan memiliki informasi harga                         infrequently and there is a lack of price
                  yang terbatas, nilai wajar menjadi kurang                           transparency, fair value is less objective and
                  objektif dan membutuhkan berbagai tingkat                           requires varying degrees of judgement
                  penilaian     tergantung    pada  likuiditas,                       depending      on    liquidity,      concentration,
                  konsentrasi, faktor ketidakpastian pasar,                           uncertainty of market factors, pricing
                  asumsi harga dan risiko lainnya.                                    assumptions and other risks affecting the
                                                                                      specific instrument.

            b.    Menentukan       nilai    wajar      instrumen                 b.   Determining        fair   values    of      financial
                  keuangan                                                            instruments

                  Masukan (input) untuk model ini berasal dari                        The input for this model comes from
                  data pasar yang bisa diamati. Bila data pasar                       observable market data. When observable
                  yang bisa diamati tersebut tidak tersedia,                          market data are not available, management
                  manajemen mempertimbangkan masukan dan                              considers necessary inputs and assumptions
                  asumsi diperlukan untuk menentukan nilai                            to determine the fair value. The above
                  wajar. Pertimbangan tersebut mencakup                               considerations include liquidity and volatility
                  feedback model atas likuiditas volatilitas untuk                    feedback model for derivative transactions and
                  transaksi derivatif dan tingkat diskonto yang                       long term discount rate, the level of early
                  berjangka waktu panjang, tingkat pelunasan                          payment and the level of default assumption.
                  dipercepat dan asumsi tingkat gagal bayar.




                                                            Halaman - 79 - Page
1204   Menduniakan Bisnis Indonesia
Page 618
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                       3.   USE OF CRITICAL ACCOUNTING ESTIMATES
     AKUNTANSI YANG PENTING (lanjutan)                               AND JUDGMENTS (continued)

     Sumber utama ketidakpastian estimasi: (lanjutan)                Key sources of estimation uncertainty: (continued)

     c.   Imbalan kerja karyawan                                     c.   Employee benefit

          Nilai kini atas imbalan kerja karyawan                          The present value of the employee benefit
          tergantung dari banyaknya faktor yang                           obligations depends on a number of factors
          dipertimbangkan oleh aktuaris berdasarkan                       that are determined on an actuarial basis using
          beberapa asumsi. Perubahan atas asumsi-                         a number of assumptions. Any changes in
          asumsi tersebut akan mempengaruhi carrying                      these assumptions will impact the carrying
          amount atas imbalan kerja karyawan.                             amount of employee benefit obligations.

          Asumsi yang digunakan dalam menentukan                          The assumptions used in determining the net
          biaya atau pendapatan bersih untuk imbalan                      cost or for employee benefits include the
          kerja termasuk tingkat diskonto. Grup                           discount rate. The Group determines the
          menentukan tingkat diskonto yang tepat pada                     appropriate discount rate at the end of each
          setiap periode pelaporan. Ini merupakan                         reporting period. This is the interest rate that
          tingkat suku bunga yang digunakan untuk                         should be used to determine the present value
          menentukan nilai kini atas arus kas masa                        of estimated future cash outflows expected to
          depan yang diestimasi akan digunakan untuk                      be required to settle the pension obligations. In
          membayar imbalan kerja. Dalam menentukan                        determining the appropriate discount rate, the
          tingkat   diskonto   yang     tepat,   Grup                     Group considers the interest rates of
          mempertimbangkan tingkat suku bunga atas                        Government Bonds that have terms to maturity
          Obligasi Pemerintah yang mempunyai jatuh                        approximating the terms of the related
          tempo yang menyerupai jangka waktu                              employee benefit liability.
          imbalan kerja karyawan.

          Asumsi kunci liabilitas pensiun lainnya                         Other key assumptions for pension obligations
          sebagian ditentukan berdasarkan kondisi                         are partly based on current market conditions.
          pasar saat ini.

     d.   Provisi perpajakan                                         d.   Provision for taxes

          Grup     menentukan       provisi  perpajakan                   The Group provides for tax provision based on
          berdasarkan estimasi atas kemungkinan                           estimates whether the additional taxes will be
          adanya tambahan beban pajak. Jika hasil                         due. Where the final tax outcome of these
          akhir dari hal ini berbeda dengan jumlah yang                   matters is different from the amounts that were
          dicatat semula, maka perbedaan tersebut                         initially recorded, such differences will impact
          akan berdampak terhadap laba/rugi.                              the profit/loss.




                                                    Halaman - 80 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1205
Page 619
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                           3.   USE OF CRITICAL ACCOUNTING ESTIMATES
            AKUNTANSI YANG PENTING (lanjutan)                                   AND JUDGMENTS (continued)

            Sumber utama ketidakpastian estimasi: (lanjutan)                    Key sources of estimation uncertainty: (continued)

            e.    Liabilitas asuransi untuk kontrak asuransi                    e.   Insurance liabilities on insurance contracts
                  dan reasuransi aset                                                and reissuance assets

                  Aset yang timbul dari kontrak reasuransi juga                      Assets arising from reinsurance contracts are
                  dihitung dengan menggunakan metode di atas.                        also computed using the above methods. In
                  Selain itu, pemulihan aset ini dinilai secara                      addition, the recoverability of these assets is
                  periodik untuk memastikan bahwa jumlahnya                          assessed on a periodic basis to ensure that
                  mencerminkan jumlah yang pada akhirnya                             the balance is reflective of the amounts that
                  akan diterima, mempertimbangkan faktor-                            will ultimately be received, taking into
                  faktor seperti counterparty dan risiko kredit.                     consideration factors such as counterparty and
                  Penurunan nilai diakui dimana terdapat bukti                       credit risk. Impairment is recognised where
                  objektif bahwa Perusahaan tidak dapat                              there is objective evidence that the Company
                  menerima jumlah yang terhutang untuk itu dan                       may not receive amounts due to it and these
                  jumlah ini dapat diukur secara andal.                              amounts can be reliably measured.

                  Cadangan teknis Entitas Anak dicatat di                            Technical reserves of the Subsidiary recorded
                  laporan    posisi   keuangan    konsolidasian                      in the consolidated statement of financial
                  sebagai bagian dari “Liabilitas lain-lain”                         position as part of “Other liabilities” are
                  berdasarkan perhitungan teknis asuransi                            calculated based on insurance technical
                  dengan      menggunakan       asumsi-asumsi                        calculation using certain actuarial assumptions
                  aktuarial yaitu asumsi estimasi terbaik dan                        which are based on best estimate assumptions
                  margin atas risiko pemburukan. Termasuk                            and margin for adverse risk. Included in the
                  dalam cadangan teknis adalah liabilitas                            technical reserves are liability for future policy
                  manfaat polis masa depan, estimasi liabilitas                      benefits, estimated claim liabilities, and
                  klaim, dan premi yang belum merupakan                              unearned premium income. The Subsidiary
                  pendapatan. Entitas Anak menggunakan                               uses Gross Premium Reserve method in
                  metode Gross Premium Reserve yang                                  calculating liability for future policy benefits
                  menghitung liabilitas manfaat polis masa                           which are based on best estimate assumptions
                  depan berdasarkan asumsi estimasi terbaik                          and margin for adverse risk.
                  dan margin atas risiko pemburukan.

            f.    Aset pajak tangguhan                                          f.   Deferred tax asset

                  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. Management judgment
                  temporer yang boleh dikurangkan. Justifikasi                       is required to determine the amount of
                  manajemen diperlukan untuk menentukan                              deferred tax assets that can be recognized,
                  jumlah aset pajak tangguhan yang dapat                             based upon the likely timing on level of future
                  diakui, sesuai dengan waktu yang tepat dan                         taxable profits together with future strategic
                  tingkat laba fiskal di masa mendatang sejalan                      planning.
                  dengan strategi rencana perpajakan ke depan.




                                                           Halaman - 81 - Page
1206   Menduniakan Bisnis Indonesia
Page 620
      Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                          Laporan
       Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                         Keuangan
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                          3.   USE OF CRITICAL ACCOUNTING ESTIMATES
     AKUNTANSI YANG PENTING (lanjutan)                                  AND JUDGMENTS (continued)

     Sumber utama ketidakpastian estimasi: (lanjutan)                   Key sources of estimation uncertainty: (continued)

     g.   Revaluasi aset tetap                                          g.   Fixed asset revaluation
          Revaluasi aset tetap Grup bergantung pada                          The Group’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                          amounts. Those assumptions include among
          lain: tingkat diskonto, nilai tukar, tingkat inflasi               others: discount rate, exchange rate, inflation
          dan tingkat kenaikan pendapatan dan biaya.                         rate and revenue and cost increase rate. The
          Grup berkeyakinan bahwa asumsi tersebut                            Group believes that its assumptions are
          adalah wajar dan sesuai, perbedaan signifikan                      reasonable and appropriate and significant
          dalam asumsi yang ditetapkan Grup dapat                            differences in the Group’s assumptions may
          mempengaruhi secara material nilai aset tetap                      materially affect the valuation of its fixed
          yang direvaluasi.                                                  assets.

     h.   Konsolidasian entitas terstruktur                             h.   Consolidation of structured entities
          Dalam menentukan tingkat pengendalian yang                         In determining the degree of control exercised,
          dimiliki, Grup mempertimbangkan apakah                             the Group considers whether these entities
          entitas tersebut memenuhi definisi Entitas                         meet the definition of Structured Entities and
          Terstruktur dan apakah Grup, secara                                whether the Group, in substance, controls
          substansi, mengendalikan entitas tersebut.                         such entities.

          Ketika Grup, secara substansi, mengendalikan                       When the Group, in substance, controls the
          entitas terstruktur tersebut, entitas tersebut                     entity to which the financial assets have been
          dikonsolidasikan oleh Grup.                                        transferred, the entity is consolidated by the
                                                                             Group.

     i.   Menentukan jangka waktu kontrak dengan                        i.   Determine the contract term with extension
          opsi   perpanjangan     dan   penghentian                          and contract termination options - the
          kontrak - Grup sebagai lessee                                      Group as lessee

          Grup menentukan jangka waktu sewa sebagai                          The Group determines the lease term as non-
          jangka waktu sewa yang tidak dapat                                 cancellable term, together with the period
          dibatalkan, bersama dengan periode yang                            covered by the option to extend the lease if it is
          dicakup oleh opsi untuk memperpanjang masa                         determined to be exercised, or any period
          sewa jika dipastikan akan dilaksanakan, atau                       covered by the option to terminate the lease, if
          periode apapun yang dicakup oleh opsi untuk                        it is reasonably certain not to be exercised.
          menghentikan sewa, jika cukup wajar untuk
          tidak dilakukan.

          Grup memiliki beberapa kontrak sewa yang                           The Group has several lease contracts that
          mencakup opsi perpanjangan dan penghentian                         include extension and contract termination in
          jangka waktu sewa. Grup menerapkan                                 the lease terms. The Group applies its
          penilaian dalam mengevaluasi apakah dapat                          judgment in evaluating whether it is certain to
          dipastikan jika akan menggunakan opsi untuk                        exercise the option to extend or terminate the
          memperpanjang atau menghentikan sewa. Hal                          lease. This is done by considering all relevant
          tersebut dilakukan dengan mempertimbangkan                         facts and circumstances that provide economic
          seluruh fakta dan keadaan yang relevan yang                        incentives to extend or terminate the lease.
          memberikan insentif ekonomi untuk melakukan                        After the commencement date, the Group
          perpanjangan atau penghentian sewa. Setelah                        reassesses the lease term, if there is a
          tanggal dimulainya, Grup menilai kembali                           significant event or change in circumstances
          masa sewa, jika terdapat peristiwa atau                            which is under its control and affects whether
          perubahan signifikan dalam keadaan yang                            the lessee is certain enough to exercise the
          berada dalam kendali dan mempengaruhi                              option to extend or terminate the lease.
          apakah      lessee    cukup   pasti   untuk
          mengeksekusi opsi memperpanjang atau
          menghentikan sewa.




                                                       Halaman - 82 - Page
                                                                              Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1207
Page 621
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                            3. USE OF CRITICAL ACCOUNTING ESTIMATES
            AKUNTANSI YANG PENTING (lanjutan)                                  AND JUDGMENTS (continued)
            Sumber utama ketidakpastian estimasi: (lanjutan)                   Key sources of estimation uncertainty: (continued)
            j.    Penurunan nilai aset non-keuangan                             j.   Impairment of non-financial assets

                  Grup mengevaluasi penurunan nilai aset                             The Group assesses impairment of assets
                  apabila terdapat kejadian atau perubahan                           whenever events or changes in circumstances
                  keadaan yang mengindikasikan bahwa nilai                           that would indicate that the carrying amount of
                  tercatat aset tidak dapat dipulihkan kembali.                      an asset may not be recoverable. The factors
                  Faktor-faktor     penting     yang     dapat                       that the Group considers important which could
                  menyebabkan penelaahan penurunan nilai                             trigger an impairment review include the
                  adalah sebagai berikut:                                            following:

                  a)    performa yang tidak tercapai secara                          a)    significant underperformance relative to
                        signifikan terhadap ekspektasi historis                            expected historical or projected future
                        atau proyeksi hasil operasi di masa                                operating results;
                        yang akan 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.

                  Grup mengakui kerugian penurunan nilai                             The Group 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
                  atau, jika tidak memungkinkan, untuk unit                          or, if it is not possible, for the cash-generating
                  penghasil kas yang mana aset tersebut                              unit to which the asset belongs.
                  merupakan bagian daripada unit tersebut.

                  Pembalikan rugi penurunan nilai, untuk aset                        Reversal on impairment loss for assets other
                  selain goodwill, diakui jika, dan hanya jika,                      than goodwill would be recognized if, and only
                  terdapat perubahan estimasi yang digunakan                         if, there has been a change in the estimates
                  dalam menentukan jumlah terpulihkan aset                           used to determine the assets’ recoverable
                  sejak pengujian penurunan nilai terakhir kali.                     amount since the last impairment test was
                  Pembalikan rugi penurunan nilai tersebut                           carried out. Reversal on impairment losses will
                  diakui segera dalam laba rugi, tetapi tidak                        be immediately recognized in profit or loss, but
                  boleh melebihi akumulasi rugi penurunan                            not in excess of any accumulated impairment
                  nilai yang telah diakui sebelumnya. Rugi                           loss previously recognized. Impairment losses
                  penurunan nilai yang diakui atas goodwill                          relating to goodwill would not be reversed.
                  tidak dibalik lagi.




                                                           Halaman - 83 - Page
1208   Menduniakan Bisnis Indonesia
Page 622
      Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
       Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                       3.   USE OF CRITICAL ACCOUNTING ESTIMATES
     AKUNTANSI YANG PENTING (lanjutan)                               AND JUDGMENTS (continued)

     Sumber utama ketidakpastian estimasi (lanjutan)                 Key sources of estimation uncertainty (continued)

     k.    Additional Tier 1 Perpetual Non-                          k.   Additional         Tier   1 Perpetual   Non-
           Cumulative Capital Securities (”AT-1                           Cumulative         Capital Securities (”AT-1
           Capital”)                                                      Capital”)

           Dalam mengklasifikasikan AT-1 Capital                          In classifying AT-1 Capital as a financial
           sebagai liabilitas keuangan, Bank telah                        liability, the Bank has determined that in terms
           menetapkan bahwa dalam terms and                               and conditions, there is a mandatory
           conditions, terdapat klausul mandatory                         redemption clause - redemption for a capital
           redemption - redemption for a capital trigger                  trigger event where when BNI's Capital
           event dimana ketika Capital Adequacy Ratio                     Adequacy Ratio ("CAR") reaches a certain
           (“CAR”) BNI mencapai rasio tertentu maka                       ratio, BNI shall repay the outstanding principal
           BNI harus melakukan pelunasan terhadap                         and interest from AT-1 Capital. This has met
           pokok terutang dan bunga dari AT-1 Capital.                    the criteria for contingent settlement which is
           Hal ini telah memenuhi kriteria contingent                     genuine and unavoidable hence that it will
           settlement yang bersifat genuine dan tidak                     create contractual obligations in the future.
           dapat dihindari sehingga akan menimbulkan
           kewajiban kontraktual dimasa yang akan
           datang.

           Dalam mengklasifikasikan AT-1 Capital                          In classifying AT-1 Capital as a financial
           pada liabilitas keuangan, Bank telah                           liability, the Bank has determined that the
           menetapkan bahwa AT-1 Capital tersebut                         AT-1 Capital has met the classification
           telah memenuhi persyaratan klasifikasi                         requirements as stated above.
           sebagaimana disebutkan di atas.

     l.    Kombinasi bisnis                                          l.   Business combination

           Proses      awal      akuisisi   melibatkan                    The initial process on the acquisition involves
           pengidentifikasian dan penentuan nilai wajar                   identifying and determining the fair values to
           yang akan dialokasikan ke aset dan liabilitas                  be assigned to the identifiable assets and
           yang dapat diidentifikasi dari entitas yang                    liabilities of the acquired entities. The fair
           diakuisisi. Nilai wajar dari aset tetap dan                    value of fixed assets and intangible assets are
           aset tidak berwujud ditentukan oleh penilai                    determined by independent valuers by
           independen dengan mengacu pada biaya                           reference to replacement cost or present
           penggantian atau nilai sekarang dari arus                      value of expected net cash flows from the
           kas bersih yang diharapkan dari aset                           assets. Any changes in the assumptions used
           tersebut. Setiap perubahan dalam asumsi                        and estimates made in determining the fair
           yang digunakan dan estimasi yang dibuat                        values, and management's ability to measure
           dalam menentukan nilai wajar, dan                              reliably the contingent consideration of the
           kemampuan manajemen untuk mengukur                             acquired entity will impact the carrying amount
           dengan andal imbalan kontinjensi dari                          of these assets and liabilities. Management
           entitas yang diakuisisi akan berdampak                         exercised judgement in determining the basis
           pada nilai tercatat aset dan liabilitas                        to record the provisional amounts for the items
           tersebut.        Manajemen         membuat                     for which initial accounting is incomplete.
           pertimbangan dalam menentukan dasar
           yang digunakan untuk mencatat jumlah
           sementara pos-pos yang akuntansi awalnya
           belum selesai dilaporkan.




                                                    Halaman - 84 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1209
Page 623
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                           Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank                Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

       4.   KAS                                                                4.   CASH

            Kas terdiri dari:                                                       Cash consists of the following:

                                                              2023                     2022

            Rupiah                                                10,389,188            12,689,627                                       Rupiah

            Mata uang asing                                                                                              Foreign currencies
              Dolar Amerika Serikat                                 415,467                378,491                  United States Dollar
              Dolar Singapura                                       206,643                191,113                      Singapore Dollar
              Euro Eropa                                             59,168                 73,736                       European Euro
              Dolar Australia                                        39,827                 48,572                      Australian Dollar
              Pound Sterling Inggris                                 37,973                 16,531          Great Britain Pound Sterling
              Franc Swiss                                            12,709                  2,224                          Swiss Franc
              Dolar Hong Kong                                        12,288                 14,855                    Hong Kong Dollar
             Yen Jepang                                               9,546                 10,066                        Japanese Yen
             Real Arab Saudi                                          6,232                 11,030                  Saudi Arabian Real
             Dolar Kanada                                             4,299                  1,133                      Canadian Dollar
             Dirham Uni Emirat Arab                                   4,241                  2,671         United Arab Emirates Dirham
              Dolar Brunei                                            3,073                  1,749                          Brunei Dollar
              Yuan China                                              3,025                    989                        Chinese Yuan
              Dolar Selandia Baru                                     1,157                    603                  New Zealand Dollar
              Ringgit Malaysia                                        1,135                  2,486                     Malaysian Ringgit
              Won Korea Selatan                                         498                  1,096                   South Korean Won
              Dolar Taiwan                                              322                    359                         Taiwan Dollar
              Baht Thailand                                             242                    761                         Thailand Baht
              Kroner Norwegia                                           168                      -                      Norwegia Kroner

                                                                    818,013                758,465
                                                                  11,207,201            13,448,092


            Saldo dalam mata uang Rupiah termasuk uang                              The Rupiah balance includes cash in ATMs
            pada mesin ATM (Anjungan Tunai Mandiri)                                 (Automatic Teller Machines) of Rp5,276,292 and
            sejumlah Rp5.276.292 dan Rp5.088.052 masing                             Rp5,088,052 as of 31 December 2023 and
            masing pada tanggal 31 Desember 2023 dan                                2022, respectively.
            2022.


       5.   GIRO PADA BANK INDONESIA                                           5.   CURRENT ACCOUNTS WITH BANK INDONESIA

                                                              2023                     2022

            Rupiah                                                57,794,759            76,036,584                                 Rupiah
            Dolar Amerika Serikat                                  7,461,673             6,885,405                     United States Dollar

                                                                  65,256,432            82,921,989


            Bank BNI                                                                Bank BNI

            Bank dipersyaratkan untuk memiliki Giro Wajib                           The Bank is required to maintain Minimum
            Minimum (GWM) dalam mata uang Rupiah dalam                              Statutory Reserves (GWM) in Rupiah for
            kegiatannya sebagai bank umum, serta GWM                                conventional bank and Minimum Statutory
            dalam mata uang asing dalam kegiatannya                                 Reserves in foreign currencies for foreign
            melakukan transaksi mata uang asing.                                    exchange transactions.




                                                            Halaman - 85 - Page
1210   Menduniakan Bisnis Indonesia
Page 624
      Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                              PT BANK NEGARA           Sosial
                                                                  INDONESIA       Komitmen Tbk
                                                                              (PERSERO)                                        Laporan
       Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                                       Keuangan
                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                      31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                          (Expressed in millions of Rupiah, unless otherwise stated)

5.   GIRO PADA BANK INDONESIA (lanjutan)                                        5.   CURRENT ACCOUNTS WITH BANK INDONESIA
                                                                                     (continued)

     Bank BNI (lanjutan)                                                             Bank BNI (continued)

     Pada tanggal 31 Desember 2023 dan 2022, Giro                                    As of 31 December 2023 and 2022, the Bank's
     Wajib Minimum (GWM) Bank telah sesuai dengan                                    Minimum Statutory Reserve complied with Bank
     Peraturan Bank Indonesia (PBI) No. 24/4/PBI/2022                                Indonesia (BI) Regulation PBI No. 24/4/PBI/2022
     tanggal 1 Maret 2022 tentang Giro Wajib Minimum                                 dated 1 March 2022 and Regulation of Members of
     Bank Umum Dalam Rupiah dan Valuta Asing Bagi                                    The     Board   of   Governors     (PADG)     No.
     Bank Umum Konvensional dan Peraturan Anggota                                    24/8/PADG/2022 dated 30 June 2022 concerning
     Dewan Gubernur (PADG) No. 24/8/PADG/2022                                        Minimum Statutory Reserve of Commercial Banks
     tanggal 30 Juni 2022, yang masing-masing                                        with BI in Rupiah and foreign currency, which are
     sebesar:                                                                        as follows:

                                                                       2023                2022
     Rupiah                                                                                                                                        Rupiah
          - GWM Primer                                                 6.80%               7.90%                   Primary Minimum Statutory Reserve -
            Harian*)                                                   0.00%               0.00%                                              Daily*)
            Rata-rata*)                                                6.80%               7.90%                                          Average*)
          - PLM**)                                                     5.00%               6.00%                                              PLM**) -
     Mata uang asing***)                                               4.00%               4.00%                                   Foreign Currencies***)

     *)   Mulai berlaku per 1 September 2022. Bank melakukan penyediaan              *)    Effective from 1 September 2022. Bank provides funds for certain and
          dana untuk kegiatan ekonomi tertentu dan inklusif, sehingga Bank                 inclusive economic activities, so that Bank gets incentives in the form of
          mendapatkan insentif berupa kelonggaran GWM dalam Rupiah pada                    relaxation of the Statutory Reserves in Rupiah on 31 December 2023
          31 Desember 2023 sebesar 2,20%. GWM dalam Rupiah yang harus                      amounting to 2,20%. Statutory Reserves in Rupiah that must be fulfilled
          dipenuhi Bank pada 31 Desember 2023 yang seharusnya sebesar                      by the Bank on 31 December 2023 which should be 9,00% with daily
          9,00% dengan ketentuan harian 0,00% dan rata-rata 9.00% menjadi                  provisions of 0,00% and an average of 9,00% become 6,80% with daily
          sebesar 6,80% dengan ketentuan harian 0.00% dan rata-rata 6,80%.                 provisions of 0,00% and an average of 6,80%.
     **) Berdasarkan PADG Nomor 18 Tahun 2023 tanggal 29 November 2023               **)   Based on PADG No. 18 / 2023 dated 29 November 2023 regarding
          tentang kewajiban pemenuhan Penyangga Likuiditas Makroprudensial                 fulfillment of Macroprudential Liquidity Buffer (PLM) with changes to 5%.
          (PLM) ditetapkan perubahan menjadi 5%.
     ***) Per 16 Maret 2020, berdasarkan PADG Nomor 22/2/PADG/2020                   ***) As of 16 March 2020, based on PADG No. 22/2/PADG/2020 dated
          tanggal 13 Maret 2020. Penyesuaian kebijakan pengaturan GWM                     13 March 2020. Adjusting the statutory reserve requirement policy by
          dengan menurunkan GWM Valuta Asing untuk Bank Umum                              lowering the Foreign Exchange Reserve Requirement for Bank Umum
          Konvensional (BUK) sebesar 400 bps dari 8% (delapan persen) menjadi             Konvensional (BUK) by 400 bps from 8% (eight percent) to 4% (four
          4% (empat persen).                                                              percent).


     Giro Wajib Minimum (GWM) adalah simpanan                                        Minimum Statutory Reserve is a minimum reserve
     minimum yang wajib dipelihara oleh Bank dalam                                   that should be maintained by the Bank in Current
     bentuk saldo Rekening Giro pada Bank Indonesia.                                 Accounts with Bank Indonesia. Macroprudential
     Penyangga Likuiditas Makroprudensial (PLM)                                      Liquidity Buffer are the minimum reserves that
     adalah cadangan minimum yang wajib dipelihara                                   should be maintained by the Bank which comprised
     oleh Bank berupa Sertifikat Bank Indonesia (SBI),                               of Certificates of Bank Indonesia (SBI), Certificates
     Sertifikat Deposito Bank Indonesia (SDBI), Sukuk                                Deposit of Bank Indonesia (SDBI), Sukuk of Bank
     Bank Indonesia (SukBI) dan/atau Surat Berharga                                  Indonesia (SukBI), and/or Government Securities
     Negara (SBN). Giro RIM adalah tambahan                                          (SBN). RIM Current Account is the additional
     simpanan minimum yang wajib dipelihara oleh                                     reserve that should be maintained by the Bank in
     Bank dalam bentuk saldo Rekening Giro pada                                      the form of Current Accounts with Bank Indonesia,
     Bank Indonesia, jika RIM Bank dibawah minimum                                   if the Bank’s RIM is below the minimum of RIM
     RIM target Bank Indonesia (84%) atau jika di atas                               targeted by Bank Indonesia (84%) or if the Bank’s
     maksimum RIM target Bank Indonesia (94%) dan                                    RIM is above the maximum of RIM targeted by
     Kewajiban Penyediaan Modal Minimum (KPMM)                                       Bank Indonesia (94%) and the Capital Adequacy
     Bank lebih kecil dari KPMM Insentif Bank Indonesia                              Ratio (CAR) is below Bank Indonesia requirement
     sebesar 14%.                                                                    of 14%.




                                                                    Halaman - 86 - Page
                                                                                              Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk             1211
Page 625
       Performa                    Laporan                 Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                                Fungsi
         2023                     Manajemen             Perusahaan           Manajemen atas Kinerja Bank                     Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                             31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

       5. GIRO PADA BANK INDONESIA (lanjutan)                                    5.   CURRENT ACCOUNTS WITH BANK INDONESIA
                                                                                      (continued)

          Rasio Giro Wajib Minimum untuk rekening Rupiah                              The ratio of the Minimum Statutory Reserve
          dan mata uang asing pada tanggal 31 Desember                                requirement for its Rupiah and foreign currencies
          2023 dan 2022 masing-masing sebesar:                                        accounts as 31 December 2023 and 2022, are as
                                                                                      follows:
                                                                2023                       2022
            Rupiah                                                                                                                         Rupiah
               - GWM Primer                                      9.53%                     11.88%           Primary Minimum Statutory Reserve -
                  Harian                                         0.00%                      0.09%                                        Daily
                  Rata-rata                                      9.53%                     11.79%                                     Average
               - PLM                                            15.05%                     13.66%                                        PLM -
            Mata uang asing                                      4.01%                      4.01%                               Foreign currencies

          BNI telah memenuhi ketentuan Bank Indonesia                                 BNI has complied with the Bank Indonesia
          tentang Giro Wajib Minimum pada tanggal                                     regulations regarding the Minimum Statutory
          31 Desember 2023 dan 2022.                                                  Reserve as of 31 December 2023 and 2022.


       6. GIRO PADA BANK LAIN                                                    6.   CURRENT ACCOUNTS WITH OTHER BANKS

            a.    Berdasarkan mata uang                                               a.    By currency

                                                                2023                       2022

                  Rupiah                                            602,104                    384,661                                          Rupiah

                  Mata uang asing                                                                                             Foreign currencies
                    Dolar Amerika Serikat                         23,651,471                 8,205,920                      United States Dollar
                    Yen Jepang                                     7,805,246                 2,711,194                            Japanese Yen
                    Yuan China                                     1,139,216                   757,596                            Chinese Yuan
                    Dolar Singapura                                  692,266                 1,152,366                          Singapore Dollar
                    Euro Eropa                                       675,304                 1,807,823                           European Euro
                    Won Korea Selatan                                142,170                   482,121                       South Korean Won
                    Pound Sterling Inggris                            88,676                    67,935              Great Britain Pound Sterling
                    Franc Swiss                                       62,049                   142,502                              Swiss Franc
                    Real Arab Saudi                                   55,006                    10,200                      Saudi Arabian Real
                    Dolar Hong Kong                                   27,931                    70,468                        Hong Kong Dollar
                    Dirham Uni Emirat Arab                            24,758                    20,445             United Arab Emirates Dirham
                    Dolar Australia                                   15,940                    39,372                          Australian Dollar
                    Dolar Kanada                                      14,723                    36,534                          Canadian Dollar
                    Ringgit Malaysia                                  10,948                    17,829                        Malaysian Ringgit
                    Dolar Selandia Baru                                7,593                    13,237                      New Zealand Dollar
                    Baht Thailand                                      7,368                     1,673                             Thailand Baht

                                                                  34,420,665                15,537,215

                  Total                                           35,022,769                15,921,876                                            Total
                  Cadangan kerugian penurunan nilai                        (7)                        (8)         Allowance for impairment losses

                                                                  35,022,762                15,921,868


            b.    Berdasarkan hubungan                                                b.    By relationship

                                                                2023                       2022

                  Pihak berelasi                                                                                                 Related parties
                    Rupiah                                             34,202                     24,334                                Rupiah
                    Mata uang asing                                    18,052                     89,268                     Foreign currencies

                  Total pihak berelasi                                 52,254                  113,602                        Total related parties




                                                              Halaman - 87 - Page
1212   Menduniakan Bisnis Indonesia
Page 626
      Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                              PT BANK NEGARA           Sosial
                                                                  INDONESIA       Komitmen Tbk
                                                                              (PERSERO)                                                   Laporan
       Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                                                  Keuangan
                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                   31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                   (Expressed in millions of Rupiah, unless otherwise stated)

6.   GIRO PADA BANK LAIN (lanjutan)                                                       6.       CURRENT ACCOUNTS WITH OTHER BANKS
                                                                                                   (continued)

     b.   Berdasarkan hubungan (lanjutan)                                                          b.    By relationship (continued)
                                                                          2023                          2022
          Pihak ketiga                                                                                                                                   Third parties
            Rupiah                                                            567,902                       360,327                                          Rupiah
            Mata uang asing                                                34,402,613                    15,447,947                               Foreign currencies

          Total pihak ketiga                                               34,970,515                    15,808,274                                    Total third parties

          Total                                                            35,022,769                    15,921,876                                                    Total
          Cadangan kerugian penurunan nilai                                         (7)                              (8)           Allowance for impairment losses

                                                                           35,022,762                    15,921,868


     c.   Berdasarkan kolektibilitas sesuai Peraturan                                              c.    By Financial              Service          Authority         Rule
          OJK                                                                                            collectibility

          Seluruh giro pada bank lain pada tanggal-                                                      All current accounts with other banks as of
          tanggal 31 Desember 2023 dan        2022                                                       31 December 2023 and 2022 are classified as
          diklasifikasikan lancar.                                                                       current.

     d.   Nilai tercatat bruto dan cadangan kerugian                                               d.    Gross carrying amount and allowance for
          penurunan nilai                                                                                impairment losses

          Perubahan nilai tercatat bruto adalah sebagai                                                  Movements in the gross carrying amount are
          berikut:                                                                                       as follows:

                                                                                        2023
                                                                                                   Kerugian kredit
                                                                           Kerugian kredit          ekspektasian
                                                                            ekspektasian             sepanjang
                                                                              sepanjang              umurnya -
                                                Kerugian kredit           umurnya - kredit              kredit
                                                ekspektasian 12           tidak memburuk/            memburuk/
                                                bulan/12-month            Lifetime ECL Not          Lifetime ECL
                                                     ECL                   Credit-impaired         Credit-impaired         Total/Total
                                                                                                                                                    Current accounts with
          Giro pada bank lain                                                                                                                                  other banks
          Saldo awal                                    15,921,876                             -                     -        15,921,876                  Beginning balance
          Pengukuran kembali bersih*)                  104,944,568                             -                     -       104,944,568               Net remeasurement*)
          Aset keuangan baru yang                                                                                                                       New financial assets
           diterbitkan atau dibeli                       19,969,895                            -                     -        19,969,895           originated or purchased
          Pembayaran penuh                             (103,860,855)                           -                     -      (103,860,855)                    Fully repayment
          Valuta asing dan                                                                                                                            Foreign exchange and
           perubahan lain                                   (1,952,715)                        -                     -         (1,952,715)                other movements
                                                           35,022,769                          -                     -        35,022,769

          *) Termasuk di dalam pengukuran kembali bersih                                                                                 Including in the net remeasurement is
             adalah pembayaran kembali                                                                                                                            repayment *)
                                                                                        2022
                                                                                                   Kerugian kredit
                                                                           Kerugian kredit          ekspektasian
                                                                            ekspektasian             sepanjang
                                                                              sepanjang              umurnya -
                                                Kerugian kredit           umurnya - kredit              kredit
                                                ekspektasian 12           tidak memburuk/            memburuk/
                                                bulan/12-month            Lifetime ECL Not          Lifetime ECL
                                                     ECL                   Credit-impaired         Credit-impaired         Total/Total
                                                                                                                                                    Current accounts with
          Giro pada bank lain                                                                                                                                  other banks
          Saldo awal                                       19,569,897                          -                     -        19,569,897                  Beginning balance
          Pengukuran kembali bersih*)                      38,134,575                          -                     -        38,134,575               Net remeasurement*)
          Aset keuangan baru yang                                                                                                                       New financial assets
           diterbitkan atau dibeli                          25,986,266                         -                     -        25,986,266           originated or purchased
          Pembayaran penuh                                 (69,145,912)                        -                     -       (69,145,912)                    Fully repayment
          Valuta asing dan                                                                                                                            Foreign exchange and
           perubahan lain                                   1,377,050                          -                     -         1,377,050                  other movements
                                                           15,921,876                          -                     -        15,921,876

          *) Termasuk di dalam pengukuran kembali bersih                                                       Including in the net remeasurement is repayment and impact of
             adalah pembayaran kembali dan dampak akuisisi                                                                                                      acquisition*)




                                                                     Halaman - 88 - Page
                                                                                                          Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk          1213
Page 627
       Performa                        Laporan                    Profil
                                                     PT BANK NEGARA                   Analisa dan Pembahasan
                                                                          INDONESIA (PERSERO)        Tbk                                                     Fungsi
         2023                         Manajemen                Perusahaan           Manajemen atas Kinerja Bank                                          Penunjang Bisnis
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                            NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                 FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                 31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)

       6.   GIRO PADA BANK LAIN (lanjutan)                                                     6.        CURRENT ACCOUNTS WITH OTHER BANKS
                                                                                                         (continued)

            d.    Nilai tercatat bruto dan cadangan kerugian                                             d.     Gross carrying amount and allowance for
                  penurunan nilai (lanjutan)                                                                    impairment losses (continued)

                  Perubahan cadangan kerugian penurunan nilai                                                   The movements in the allowance                                   for
                  adalah sebagai berikut:                                                                       impairment losses are as follows:

                                                                                              2023
                                                                                                         Kerugian kredit
                                                                                   Kerugian kredit        ekspektasian
                                                                                    ekspektasian           sepanjang
                                                                                      sepanjang            umurnya -
                                                        Kerugian kredit           umurnya - kredit            kredit
                                                        ekspektasian 12           tidak memburuk/          memburuk/
                                                        bulan/12-month            Lifetime ECL Not        Lifetime ECL
                                                             ECL                   Credit-impaired       Credit-impaired        Total/Total
                                                                                                                                                           Current accounts with
                  Giro pada bank lain                                                                                                                                other banks
                  Saldo awal                                                  8                      -                      -                 8                  Beginning balance
                  Pengukuran kembali bersih                                                                                                                  Net remeasurement of
                   penyisihan kerugian                                     8                         -                      -                 8                    loss allowance
                  Pembayaran penuh                                       (11)                        -                      -               (11)                   Fully repayment
                  Aset keuangan baru yang                                                                                                                      New financial assets
                   diterbitkan atau dibeli                                    2                      -                      -                 2           originated or purchased
                                                                              7                      -                      -                 7


                                                                                              2022
                                                                                                         Kerugian kredit
                                                                                   Kerugian kredit        ekspektasian
                                                                                    ekspektasian           sepanjang
                                                                                      sepanjang            umurnya -
                                                        Kerugian kredit           umurnya - kredit            kredit
                                                        ekspektasian 12           tidak memburuk/          memburuk/
                                                        bulan/12-month            Lifetime ECL Not        Lifetime ECL
                                                             ECL                   Credit-impaired       Credit-impaired        Total/Total
                                                                                                                                                           Current accounts with
                  Giro pada bank lain                                                                                                                                 other banks
                  Saldo awal                                                  6                      -                      -                 6                  Beginning balance
                  Pengukuran kembali bersih                                                                                                                  Net remeasurement of
                   penyisihan kerugian*)                                  19                         -                      -                19                   loss allowance*)
                  Pembayaran penuh                                       (19)                        -                      -               (19)                    Fully repayment
                  Aset keuangan baru yang                                                                                                                      New financial assets
                   diterbitkan atau dibeli                                    2                      -                      -                 2           originated or purchased
                                                                              8                      -                      -                 8

                  *) Termasuk di dalam pengukuran kembali bersih penyisihan                                         Including in the net remeasurement of loss allowance is impact of
                     kerugian, adalah dampak akuisisi                                                                                                                   acquisition*)


                  Manajemen berpendapat bahwa jumlah                                                            Management believes that the allowance for
                  cadangan kerugian penurunan nilai telah                                                       impairment losses is adequate.
                  memadai.

            e.    Tingkat suku bunga per tahun                                                           e.     Annual interest rates
                                                                         Dolar
                                                                   Amerika Serikat/                       Yuan China/
                                                                  United States Dollar                   Chinese Yuan
                                                                           %                                  %
                  2023                                                   0.00 - 5.40                          0.00 - 0.25                                                     2023
                  2022                                                   0.00 - 4.40                          0.05 - 1.00                                                     2022

                  Giro pada bank lain selain dalam mata uang                                                    Current accounts with other banks stated in
                  Dolar Amerika Serikat dan Yuan China tidak                                                    currency other than United States Dollar and
                  mendapat bunga.                                                                               Chinese Yuan do not earn interest.




                                                                              Halaman - 89 - Page
1214   Menduniakan Bisnis Indonesia
Page 628
      Permodalan & Praktik         Tata Kelola     Tanggung Jawab
                                         PT BANK NEGARA           Sosial
                                                             INDONESIA       Komitmen Tbk
                                                                         (PERSERO)                               Laporan
       Manajemen Risiko            Perusahaan         dan Lingkungan           ESG                              Keuangan
                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                            31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

7.   PENEMPATAN PADA BANK LAIN DAN BANK                                  7.   PLACEMENTS WITH                   OTHER        BANKS         AND
     INDONESIA                                                                BANK INDONESIA

     a.   Berdasarkan jenis dan mata uang                                     a.    By type and currency
                                                        2023                       2022
          Rupiah                                                                                                                        Rupiah
              Bank Indonesia - Deposit Facility            10,667,072                8,349,649          Bank Indonesia - Deposit Facility
              Call Money                                                                                                     Call Money
                PT Bank Mega Tbk                             150,000                       7,850                  PT Bank Mega Tbk
                PT Bank Pembangunan Daerah                                                            PT Bank Pembangunan Daerah
                   Jawa Timur Tbk                            140,000                           -                    Jawa Timur Tbk
                Standard Chartered Indonesia                 140,000                           -        Standard Chartered Indonesia
                PT Bank OCBC NISP Tbk                        140,000                           -           PT Bank OCBC NISP Tbk
                PT Bank Pembangunan Daerah                                                             PT Bank Pembangunan Daerah
                   Sulawesi Selatan                                                                               Sulawesi Selatan
                   & Sulawesi Barat                          100,000                        -                      & Sulawesi Barat
                Deutsche Bank Indonesia                       89,873                        -               Deutsche Bank Indonesia
                PT Bank Victoria International Tbk            30,000                        -       PT Bank Victoria International Tbk
                PT Bank DKI                                   10,000                  150,000                            PT Bank DKI
                PT Bank KB Bukopin Tbk                         6,000                    6,000               PT Bank KB Bukopin Tbk
                PT Bank Syariah Indonesia Tbk                      -                  200,000         PT Bank Syariah Indonesia Tbk
                PT Bank Pembangunan Daerah                                                            PT Bank Pembangunan Daerah
                   Jawa Tengah                                      -                 100,000                          Jawa Tengah
                PT Bank Mayapada                                                                                 PT Bank Mayapada
                   Internasional Tbk                                -                 100,000                     Internasional Tbk
                Lainnya                                             -                  33,800                                 Others
                 Subtotal                                    805,873                  597,650                                      Subtotal
              Negotiable Certificate of Deposit                                                            Negotiable Certificate of Deposit
                PT Bank Tabungan Negara                                                                     PT Bank Tabungan Negara
                  (Persero) Tbk                                37,987                          -                       (Persero) Tbk
              Deposito berjangka                            1,406,876                 817,441                               Time deposits
                                                           12,917,808                9,764,740

          Mata uang asing                                                                                            Foreign currencies
            Bank Indonesia - Deposit Facility              28,761,719               41,039,795          Bank Indonesia - Deposit Facility

              Call Money                                                                                                    Call Money
                Wachovia Bank                                270,217                   158,010                         Wachovia Bank
                Bank of New York Mellon                      130,105                    72,389               Bank of New York Mellon
                JP Morgan Chase                               96,273                    82,885                       JP Morgan Chase
                PT Bank IBK Indonesia Tbk                     61,588                         -              PT Bank IBK Indonesia Tbk
                 Subtotal                                    558,183                   313,284                                     Subtotal

              Deposito berjangka                                                                                           Time deposits
                Woori Bank Seoul                             527,096                           -                    Woori Bank Seoul
                BRI New York                                 384,925                           -                         BRI New York
                Standard Chartered Indonesia                 181,498                           -        Standard Chartered Indonesia
                The San-In Godo Bank                         153,970                           -               The San-In Godo Bank
                The Chugoku Bank Limited,                                                                 The Chugoku Bank Limited,
                   Hong Kong                                 153,970                      77,838                          Hong Kong
                PT Bank IBK Indonesia Tbk                     76,985                           -          PT Bank IBK Indonesia Tbk
                Sumitomo Mitsui Banking Corp                  76,985                           -       Sumitomo Mitsui Banking Corp
                PT Bank DBS Indonesia                          1,125                           -              PT Bank DBS Indonesia
                PT Bank Pembangunan Daerah                                                            PT Bank Pembangunan Daerah
                   Jawa Barat Tbk                                   -                  23,000                        Jawa Barat Tbk
                DZ Bank AG, Singapore                               -                 108,973                 DZ Bank AG, Singapore
                BNP Paribas                                         -                  65,074                             BNP Paribas
                KEB Hana Bank, Seoul                                -                  98,800                  KEB Hana Bank, Seoul
                Industrial Bank of Korea                            -                  77,838                Industrial Bank of Korea
                 Subtotal                                   1,556,554                  451,523                                    Subtotal
                                                           30,876,456               41,804,602

          Total                                            43,794,264               51,569,342                                          Total
          Cadangan kerugian                                                                                                    Allowance for
            penurunan nilai                                       (98)                       (26)                        impairment losses
                                                           43,794,166               51,569,316


                                                      Halaman - 90 - Page
                                                                                     Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1215
Page 629
       Performa                    Laporan                 Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                            Fungsi
         2023                     Manajemen             Perusahaan           Manajemen atas Kinerja Bank                 Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                           31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

       7.   PENEMPATAN PADA BANK LAIN DAN BANK                                   7.   PLACEMENTS WITH OTHER                  BANKS           AND
            INDONESIA (lanjutan)                                                      BANK INDONESIA (continued)

            a.    Berdasarkan jenis dan mata uang (lanjutan)                          a.    By type and currency (continued)

                  Perincian penempatan pada bank lain dan                                  Placements with other banks and Bank
                  Bank Indonesia berdasarkan mata uang                                     Indonesia based on currencies are as follows:
                  adalah sebagai berikut:

                                                                2023                       2022

                  Rupiah                                          12,917,808                 9,764,740                                      Rupiah

                  Mata uang asing                                                                                         Foreign currencies
                    Dolar Amerika Serikat                         30,472,536                41,705,802                  United States Dollar
                    Won Korea Selatan                                403,920                    98,800                   South Korean Won
                                                                  30,876,456                41,804,602
                  Total                                           43,794,264                51,569,342                                  Total
                  Cadangan kerugian                                                                                            Allowance for
                    penurunan nilai                                      (98)                      (26)                  impairment losses
                                                                  43,794,166                51,569,316


            b.    Berdasarkan hubungan                                                b.    By relationship

                                                                2023                       2022

                  Pihak berelasi                                                                                             Related parties
                  Rupiah                                                                                                               Rupiah
                    Deposito berjangka                              787,709                   505,107                        Time deposits
                    Negotiable Certificate Deposit                   37,987                         -         Negotiable Certificate Deposit
                    Call Money                                            -                   200,000                            Call Money


                                                                    825,696                   705,107
                  Mata uang asing                                                                                        Foreign currencies
                    Deposito berjangka                              384,925                          -                      Time deposits

                  Total pihak berelasi                             1,210,621                  705,107                     Total related parties


                  Pihak ketiga                                                                                                  Third parties
                  Rupiah                                                                                                              Rupiah
                    Bank Indonesia - Deposit Facility             10,667,072                 8,349,649      Bank Indonesia - Deposit Facility
                    Call Money                                       805,873                   397,650                          Call Money
                    Deposito berjangka                               619,167                   312,334                        Time deposits
                                                                  12,092,112                 9,059,633
                  Mata uang asing                                                                                        Foreign currencies
                    Bank Indonesia - Deposit Facility             28,761,719                41,039,795      Bank Indonesia - Deposit Facility
                    Deposito berjangka                             1,171,629                   451,523                        Time deposits
                    Call Money                                       558,183                   313,284                          Call Money
                                                                  30,491,531                41,804,602
                  Total pihak ketiga                              42,583,643``
                                                                                            50,864,235                      Total third parties
                  Total                                           43,794,264                51,569,342                                  Total
                  Cadangan kerugian                                                                                            Allowance for
                    penurunan nilai                                      (98)                      (26)                  impairment losses
                                                                  43,794,166                51,569,316




                                                              Halaman - 91 - Page
1216   Menduniakan Bisnis Indonesia
Page 630
      Permodalan & Praktik             Tata Kelola     Tanggung Jawab
                                             PT BANK NEGARA           Sosial
                                                                 INDONESIA       Komitmen Tbk
                                                                             (PERSERO)                                              Laporan
       Manajemen Risiko                Perusahaan         dan Lingkungan           ESG                                             Keuangan
                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                             31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                (Expressed in millions of Rupiah, unless otherwise stated)

7.   PENEMPATAN PADA BANK LAIN DAN BANK                                               7.       PLACEMENTS WITH OTHER                             BANKS          AND
     INDONESIA (lanjutan)                                                                      BANK INDONESIA (continued)

     c.   Berdasarkan kolektibilitas sesuai Peraturan                                          c.   By Financial             Service          Authority         Rule
          OJK                                                                                       collectibility

          Seluruh penempatan pada bank lain dan Bank                                                All placements with other banks and Bank
          Indonesia pada tanggal-tanggal 31 Desember                                                Indonesia as of 31 December 2023 and 2022
          2023 dan 2022 diklasifikasikan sebagai lancar.                                            are classified as current.

     d.   Nilai tercatat bruto dan cadangan kerugian                                           d.   Gross carrying amount and allowance for
          penurunan nilai                                                                           impairment losses

          Perubahan nilai tercatat bruto adalah sebagai                                             Movements in the gross carrying amount are
          berikut:                                                                                  as follows:

                                                                                    2023
                                                                                               Kerugian kredit
                                                                         Kerugian kredit        ekspektasian
                                                                          ekspektasian           sepanjang
                                                                            sepanjang            umurnya -
                                                Kerugian kredit         umurnya - kredit            kredit
                                                ekspektasian 12         tidak memburuk/          memburuk/
                                                bulan/12-month          Lifetime ECL Not        Lifetime ECL
                                                     ECL                 Credit-impaired       Credit-impaired       Total/Total

          Penempatan pada bank lain                                                                                                 Placements with other banks
           dan Bank Indonesia                                                                                                               and Bank Indonesia
          Saldo awal                                     51,569,342                        -                     -      51,569,342              Beginning balance
          Pengukuran kembali bersih*)                  (421,698,466)                       -                     -    (421,698,466)          Net remeasurement*)
          Aset keuangan baru yang                                                                                                             New financial assets
           diterbitkan atau dibeli                     413,896,608                         -                     -     413,896,608       originated or purchased
          Valuta asing dan                                                                                                                  Foreign exchange and
           perubahan lain                                     26,780                       -                     -          26,780              other movements

                                                           43,794,264                      -                     -      43,794,264


          *) Termasuk di dalam pengukuran kembali bersih                                                              Including in the net remeasurement is repayment *)
             adalah pembayaran kembali.


                                                                                     2022
                                                                                               Kerugian kredit
                                                                         Kerugian kredit        ekspektasian
                                                                          ekspektasian           sepanjang
                                                                            sepanjang            umurnya -
                                                Kerugian kredit         umurnya - kredit            kredit
                                                ekspektasian 12         tidak memburuk/          memburuk/
                                                bulan/12-month          Lifetime ECL Not        Lifetime ECL
                                                     ECL                 Credit-impaired       Credit-impaired       Total/Total

          Penempatan pada bank lain                                                                                                 Placements with other banks
           dan Bank Indonesia                                                                                                               and Bank Indonesia
          Saldo awal                                     92,290,230                      -                       -      92,290,230              Beginning balance
          Pengukuran kembali bersih*)                  (594,877,463)               (72,485)                      -    (594,949,948)          Net remeasurement*)
          Aset keuangan baru yang                                                                                                             New financial assets
           diterbitkan atau dibeli                     554,100,570                 72,485                        -     554,173,055       originated or purchased
          Valuta asing dan                                                                                                                  Foreign exchange and
           perubahan lain                                     56,005                       -                     -          56,005              other movements

                                                           51,569,342                      -                     -      51,569,342


          *) Termasuk di dalam pengukuran kembali bersih                                                  Including in the net remeasurement is repayment and impact of
             adalah pembayaran kembali dan dampak akuisisi                                                                                                 acquisition*)




                                                                    Halaman - 92 - Page
                                                                                                     Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk         1217
Page 631
       Performa                        Laporan                    Profil
                                                     PT BANK NEGARA                   Analisa dan Pembahasan
                                                                          INDONESIA (PERSERO)        Tbk                                                 Fungsi
         2023                         Manajemen                Perusahaan           Manajemen atas Kinerja Bank                                      Penunjang Bisnis
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                              31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                (Expressed in millions of Rupiah, unless otherwise stated)

       7.   PENEMPATAN PADA BANK LAIN DAN BANK                                               7.        PLACEMENTS WITH OTHER                              BANKS          AND
            INDONESIA (lanjutan)                                                                       BANK INDONESIA (continued)

            d.    Nilai tercatat bruto dan cadangan kerugian                                           d.   Gross carrying amount and allowance for
                  penurunan nilai (lanjutan)                                                                impairment losses (continued)

                  Perubahan cadangan kerugian penurunan nilai                                               The movements in the allowance                                   for
                  adalah sebagai berikut:                                                                   impairment losses are as follows:

                                                                                            2023
                                                                                                       Kerugian kredit
                                                                                 Kerugian kredit        ekspektasian
                                                                                  ekspektasian           sepanjang
                                                                                    sepanjang            umurnya -
                                                        Kerugian kredit         umurnya - kredit            kredit
                                                        ekspektasian 12         tidak memburuk/          memburuk/
                                                        bulan/12-month          Lifetime ECL Not        Lifetime ECL
                                                             ECL                 Credit-impaired       Credit-impaired       Total/Total

                  Penempatan pada bank lain                                                                                                     Placement with other banks
                   dan Bank Indonesia                                                                                                                  and Bank Indonesia
                  Saldo awal                                              26                       -                     -                 26              Beginning balance
                  Pengukuran kembali bersih                                                                                                            Net remeasurement of
                   penyisihan kerugian                                   (31)                      -                     -              (31)                 loss allowance
                  Aset keuangan baru yang                                                                                                                New financial assets
                   diterbitkan atau dibeli                               103                       -                     -              103         originated or purchased

                                                                          98                       -                     -                 98


                                                                                            2022
                                                                                                       Kerugian kredit
                                                                                 Kerugian kredit        ekspektasian
                                                                                  ekspektasian           sepanjang
                                                                                    sepanjang            umurnya -
                                                        Kerugian kredit         umurnya - kredit            kredit
                                                        ekspektasian 12         tidak memburuk/          memburuk/
                                                        bulan/12-month          Lifetime ECL Not        Lifetime ECL
                                                             ECL                 Credit-impaired       Credit-impaired       Total/Total

                  Penempatan pada bank lain                                                                                                     Placement with other banks
                   dan Bank Indonesia                                                                                                                  and Bank Indonesia
                  Saldo awal                                             110                       -                     -              110                Beginning balance
                  Pengukuran kembali bersih                                                                                                            Net remeasurement of
                   penyisihan kerugian*)                                (472)                  (5)                       -             (477)                loss allowance*)
                  Aset keuangan baru yang                                                                                                                New financial assets
                   diterbitkan atau dibeli                               388                       5                     -              393         originated or purchased

                                                                          26                       -                     -                 26


                  *) Termasuk di dalam pengukuran kembali bersih penyisihan                                     Including in the net remeasurement of loss allowance is impact of
                     kerugian, adalah dampak akuisisi                                                                                                               acquisition*)


                  Manajemen berpendapat bahwa jumlah                                                        Management believes that the allowance for
                  cadangan kerugian penurunan nilai di atas                                                 impairment losses is adequate.
                  telah memadai.

            e.    Penempatan pada bank lain dan Bank                                                   e.   Placements with other banks and Bank
                  Indonesia yang digunakan sebagai jaminan                                                  Indonesia pledged as collateral

                  Tidak terdapat penempatan pada bank lain                                                  There were no placements with other banks
                  dan Bank Indonesia yang digunakan sebagai                                                 dan Bank Indonesia pledged as collateral as of
                  jaminan pada tanggal 31 Desember 2023 dan                                                 31 December 2023 and 2022.
                  2022.




                                                                              Halaman - 93 - Page
1218   Menduniakan Bisnis Indonesia
Page 632
      Permodalan & Praktik                 Tata Kelola     Tanggung Jawab
                                                 PT BANK NEGARA           Sosial
                                                                     INDONESIA       Komitmen Tbk
                                                                                 (PERSERO)                                           Laporan
       Manajemen Risiko                    Perusahaan         dan Lingkungan           ESG                                          Keuangan
                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                             31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)

7.   PENEMPATAN PADA BANK LAIN DAN BANK                                                7.    PLACEMENTS WITH OTHER                                 BANKS          AND
     INDONESIA (lanjutan)                                                                    BANK INDONESIA (continued)

     f.   Tingkat suku bunga per tahun                                                       f.      Annual interest rates
                                                                            Dolar
                                                                       Amerika Serikat/
                                                                        United States                    Won Korea/
                                                  Rupiah                    Dollar                       Korean Won
                                                    %                        %                               %

          2023                                       0.00 - 7.25                     0.00 - 5.75                3.10 - 3.55                                        2023
          2022                                       0.00 - 6.00                     0.01 - 4.75                1.35 - 3.30                                        2022

          Penempatan pada bank lain dan Bank                                                         Placements with other bank and Bank
          Indonesia dalam mata uang selain Rupiah,                                                   Indonesia and other banks stated in currency
          Dolar Amerika Serikat, dan Won Korea, tidak                                                other than Rupiah, United States Dollar, and
          mendapat bunga.                                                                            Korean Won, do not earn interest.


8.   EFEK-EFEK                                                                         8.    MARKETABLE SECURITIES

     a.   Berdasarkan jenis dan mata uang                                                    a.      By type and currency
                                                             2023                                        2022
                                                    Nilai              Nilai                  Nilai                Nilai
                                                  nominal/           tercatat/              nominal/             tercatat/
                                                  Nominal            Carrying               Nominal              Carrying
                                                   value               Value                 value                 value

          Nilai wajar melalui                                                                                                                   Fair value through profit
             laba rugi                                                                                                                                         or loss
          Rupiah                                                                                                                                                   Rupiah
          Reksadana                                  4,370,420          4,705,367              4,007,955            5,374,735                                Mutual funds
          Sekuritas Rupiah Bank Indonesia                                                                                        Issuing Bank Indonesia Rupiah Securities
             (SRBI)                                  2,606,364          2,548,772                      -                    -                                 (SRBI)
          Obligasi                                     627,942            642,116                  1,031                1,029                                       Bonds
          Obligasi subordinasi                         263,300            268,932                  6,000                6,109                         Subordinated bonds
          Efek lainnya                                     724                725              1,742,286            1,742,286                             Other securities
                                                     7,868,750          8,165,912              5,757,272            7,124,159
          Mata uang asing                                                                                                                           Foreign currencies
          Sekuritas Valas Bank Indonesia                                                                                          Issuing Bank Indonesia Valas Securities
             (SVBI)                                    76,985              76,348                        -                  -                                (SVBI)
          Reksadana                                    31,756              39,562                   38,347             50,126                               Mutual funds
          Obligasi                                          -                   -                    1,557              1,589                                     Bonds
                                                      108,741             115,910                   39,904             51,715

          Total nilai wajar melalui                                                                                                              Total fair value through
             laba rugi                               7,977,491          8,281,822              5,797,176            7,175,874                            profit or loss

          Nilai wajar melalui                                                                                                                   Fair value through other
             penghasilan komprehensif lain                                                                                                   comprehensive income
          Rupiah                                                                                                                                                  Rupiah
          Reksadana                                 18,449,995         18,673,630             13,160,390           13,137,516                                Mutual funds
          Obligasi                                   5,317,136          5,373,190              5,449,910            5,577,050                                      Bonds
          Sekuritas Rupiah Bank Indonesia                                                                                        Issuing Bank Indonesia Rupiah Securities
             (SRBI)                                  1,189,390          1,150,731                        -                  -                                 (SRBI)
          Obligasi subordinasi                         336,500            338,136                  581,800            597,465                         Subordinated bonds
          Efek lainnya                               1,453,926          1,477,442                        -                  -                             Other securities
                                                    26,746,947         27,013,129             19,192,100           19,312,031
          Mata uang asing                                                                                                                             Foreign currencies
          Reksadana                                   769,850             780,243                  778,375            788,105                                 Mutual funds
          Obligasi                                    779,088             728,171                  787,716            726,398                                       Bonds
          Sertifikat Bank Indonesia                         -                   -                   77,838             77,838                Certificate of Bank Indonesia
                                                     1,548,938          1,508,414              1,643,929            1,592,341

          Total nilai wajar melalui penghasilan                                                                                                Total fair value through
             komprehensif lain                      28,295,885         28,521,543             20,836,029           20,904,372          other comprehensive income


          Biaya perolehan diamortisasi                                                                                                                   Amortized cost
          Rupiah                                                                                                                                                 Rupiah
          Obligasi                                    600,000             542,790                  601,000            547,493                                     Bonds
          Efek lainnya                                      -                   -                    7,448              7,448                            Other securities
                                                      600,000             542,790                  608,448            554,941
          Mata uang asing                                                                                                                             Foreign currencies
          Obligasi                                     61,588              61,525                  167,568            167,564                                     Bonds
          Total biaya perolehan
             diamortisasi                             661,588             604,315                  776,016            722,505                       Total amortized cost
          Total efek-efek                                              37,407,680                                  28,802,751                Total marketable securities
          Cadangan kerugian                                                                                                                     Allowance for impairment
           penurunan nilai                                               (242,941)                                   (246,668)                                 losses
                                                                       37,164,739                                  28,556,083



                                                                   Halaman - 94 - Page
                                                                                                       Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk         1219
Page 633
       Performa                     Laporan                 Profil
                                               PT BANK NEGARA                   Analisa dan Pembahasan
                                                                    INDONESIA (PERSERO)        Tbk                           Fungsi
         2023                      Manajemen             Perusahaan           Manajemen atas Kinerja Bank                Penunjang Bisnis
                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                           31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

       8.   EFEK-EFEK (lanjutan)                                                 8.   MARKETABLE SECURITIES (continued)

            a.    Berdasarkan jenis dan mata uang (lanjutan)                          a.    By type and currency (continued)

                  Perincian efek-efek berdasarkan mata uang                                 Marketable securities based on currencies are
                  adalah sebagai berikut:                                                   as follow:

                                                                 2023                      2022

                  Rupiah                                          35,721,831                26,991,131                                      Rupiah

                  Mata uang asing                                                                                          Foreign currency
                    Dolar Amerika Serikat                           1,685,849               1,811,620                  United States Dollar

                  Total                                            37,407,680              28,802,751                                         Total

                  Cadangan kerugian penurunan nilai                  (242,941)               (246,668)        Allowance for impairment losses

                                                                  37,164,739                28,556,083


            b.    Berdasarkan hubungan                                                b.    By relationship

                                                                 2023                      2022

                  Pihak berelasi                                                                                             Related parties
                    Rupiah                                        11,064,596                 7,497,961                              Rupiah
                    Mata uang asing                                  362,761                   297,650                   Foreign currencies

                  Total pihak berelasi                            11,427,357                 7,795,611                   Total related parties


                  Pihak ketiga                                                                                                  Third parties
                    Rupiah                                        24,657,235                19,493,170                              Rupiah
                    Mata uang asing                                1,323,088                 1,513,970                   Foreign currencies

                  Total pihak ketiga                              25,980,323                21,007,140                      Total third parties
                  Total                                           37,407,680                28,802,751                                        Total

                  Cadangan kerugian penurunan nilai                  (242,941)                (246,668)       Allowance for impairment losses

                                                                  37,164,739                28,556,083


            c.    Berdasarkan penerbit                                                c.    By issuer

                                                                 2023                      2022

                  Korporasi                                       30,645,586                25,352,334                            Corporates
                  Bank Indonesia                                   3,775,851                    77,837                         Bank Indonesia
                  Bank                                             2,986,243                 3,372,580                                 Banks

                  Total                                           37,407,680                28,802,751                                        Total

                  Cadangan kerugian penurunan nilai                  (242,941)                (246,668)       Allowance for impairment losses

                                                                  37,164,739                28,556,083




                                                               Halaman - 95 - Page
1220   Menduniakan Bisnis Indonesia
Page 634
      Permodalan & Praktik            Tata Kelola     Tanggung Jawab
                                            PT BANK NEGARA           Sosial
                                                                INDONESIA       Komitmen Tbk
                                                                            (PERSERO)                                       Laporan
       Manajemen Risiko               Perusahaan         dan Lingkungan           ESG                                      Keuangan
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                     31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                           (Expressed in millions of Rupiah, unless otherwise stated)

8.   EFEK-EFEK (lanjutan)                                                        8.      MARKETABLE SECURITIES (continued)
     d.   Berdasarkan peringkat                                                          d.    By rating
                                                                               2023
                                                   Pemeringkat/             Peringkat/           Nilai tercatat/
                                                    Agencies                 Rating              Carrying value

          Nilai wajar melalui laba rugi                                                                                  Fair value through profit or loss
          Rupiah                                                                                                                                    Rupiah
          Reksadana                                               -                       -             4,705,367                             Mutual funds
          Sekuritas Rupiah Bank Indonesia                                                                                    Issuing Bank Indonesia Rupiah
                (SRBI)                                          -                       -               2,548,772                       Securities (SRBI)
          Obligasi                                Beragam/Various         Beragam/Various                 642,116                                    Bonds
          Obligasi subordinasi                    Beragam/Various         Beragam/Various                 268,932                      Subordinated bonds
          Efek lainnya                            Beragam/Various         Beragam/Various                     725                           Other securities
                                                                                                        8,165,912
          Mata uang asing                                                                                                               Foreign currencies
          Sekuritas Valas Bank Indonesia                                                                                       Issuing Bank Indonesia Valas
                (SVBI)                                            -                       -                76,348                        Securities (SVBI)
          Reksadana                                               -                       -                39,562                              Mutual funds

                                                                                                          115,910

          Total nilai wajar melalui laba rugi                                                           8,281,822    Total fair value through profit or loss

          Nilai wajar melalui penghasilan                                                                                         Fair value through other
              komprehensif lain                                                                                                 comprehensive income
          Rupiah                                                                                                                                     Rupiah
          Reksadana                                                   -                    -           18,673,630                             Mutual funds
          Sekuritas Rupiah Bank Indonesia                                                                                    Issuing Bank Indonesia Rupiah
                (SRBI)                                          -                       -               1,150,731                        Securities (SRBI)
          Efek lainnya                            Beragam/Various         Beragam/Various               1,477,442                           Other securities


          Obligasi subordinasi                                                                                                       Subordinated bonds
            PT Bank Pan Indonesia Tbk                      Pefindo             idAA - idA+                196,203           PT Bank Pan Indonesia Tbk
            PT Bank Pembangunan Daerah Jawa                                                                              PT Bank Pembangunan Daerah
                Barat dan Banten Tbk                       Pefindo                  idAA                   74,707         Jawa Barat dan Banten Tbk
            PT Bank UOB Indonesia                            Fitch               AAA(idn)                  67,226              PT Bank UOB Indonesia

              Subtotal                                                                                    338,136                                Subtotal
          Obligasi                                                                                                                                  Bonds
            PT Sarana Multigriya                                                                                                   PT Sarana Multigriya
                Finansial (Persero)                       Pefindo                     idAAA               790,249                  Finansial (Persero)
            PT Perusahaan Listrik Negara                                                                                PT Perusahaan Listrik Negara
                (Persero)                                 Pefindo                     idAAA               608,522                            (Persero)
            PT Bank Mandiri (Persero)Tbk                  Pefindo                     idAAA               412,450      PT Bank Mandiri (Persero) Tbk
            PT Hutama Karya (Persero)                     Pefindo                      idAA-              391,263          PT Hutama Karya (Persero)
            PT Telkom Indonesia Tbk                       Pefindo                     idAAA               327,050            PT Telkom Indonesia Tbk
            PT Semen Indonesia (Persero) Tbk              Pefindo                     idAA+               251,933    PT Semen Indonesia (Persero) Tbk
            PT Bank Maybank Indonesia Tbk                 Pefindo                     idAAA               236,198     PT Bank Maybank Indonesia Tbk
            PT Bank Tabungan Negara                                                                                        PT Bank Tabungan Negara
               (Persero) Tbk                               Pefindo                    idAAA               229,848                       (Persero) Tbk
            PT Indosat Tbk                                 Pefindo                    idAAA               222,130                        PT Indosat Tbk
            PT Chandra Asri Petrochemical Tbk              Pefindo                     idAA-              221,625   PT Chandra Asri Petrochemical Tbk
            PT Permodalan Nasional Madani                  Pefindo                    idAA+               200,567     PT Permodalan Nasional Madani
            PT Adira Dinamika Multi Finance Tbk            Pefindo                    idAAA               159,090 PT Adira Dinamika Multi Finance Tbk
            PT Sarana Multi                                                                                                             PT Sarana Multi
                Infrastruktur (Persero)                    Pefindo                    idAAA               120,814              Infrastruktur (Persero)
            PT Bank Rakyat Indonesia                                                                                        PT Bank Rakyat Indonesia
                (Persero) Tbk                             Pefindo                  idAAA                  119,290                       (Persero) Tbk
            PT XL Axiata Tbk                                Fitch                AAA(idn)                 108,530                     PT XL Axiata Tbk
            PT Mandiri Tunas Finance                      Pefindo                  idAAA                  102,058           PT Mandiri Tunas Finance
            PT Jasa Marga (Persero) Tbk                   Pefindo                    idAA                 100,899        PT Jasa Marga (Persero) Tbk
            PT Bank KB Bukopin Tbk                        Pefindo                    idAA                  89,600            PT Bank KB Bukopin Tbk
            PT Pegadaian                                  Pefindo                  idAAA                   89,200                         PT Pegadaian
            PT Pupuk Indonesia (Persero)                    Fitch                AAA(idn)                  76,002       PT Pupuk Indonesia (Persero)
            PT Mora Telematika Indonesia Tbk              Pefindo                      idA                 58,140 PT Mora Telematika Indonesia Tbk
            PT Adhi Karya (Persero) Tbk                   Pefindo                     idA-                 50,574         PT Adhi Karya (Persero) Tbk
            PT Bank Mandiri Taspen                        Pefindo                  idAAA                   43,012             PT Bank Mandiri Taspen
            PT Indonesia Infrastructure Finance           Pefindo                  idAAA                   14,819 PT Indonesia Infrastructure Finance
            PT BRI Multifinance Indonesia                 Pefindo                    idAA                  12,418       PT BRI Multifinance Indonesia
            PT Bank CIMB Niaga Tbk                        Pefindo                    idAA                  10,081            PT Bank CIMB Niaga Tbk




                                                             Halaman - 96 - Page
                                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1221
Page 635
       Performa                        Laporan                 Profil
                                                  PT BANK NEGARA                   Analisa dan Pembahasan
                                                                       INDONESIA (PERSERO)        Tbk                                   Fungsi
         2023                         Manajemen             Perusahaan           Manajemen atas Kinerja Bank                        Penunjang Bisnis
                                                     DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                      (Expressed in millions of Rupiah, unless otherwise stated)

       8.   EFEK-EFEK (lanjutan)                                                   8.      MARKETABLE SECURITIES (continued)

            d.    Berdasarkan peringkat (lanjutan)                                         d.    By rating (continued)
                                                                                2023
                                                         Pemeringkat/         Peringkat/           Nilai tercatat/
                                                          Agencies             Rating              Carrying value

                  Nilai wajar melalui penghasilan                                                                                Fair value through other
                      komprehensif lain (lanjutan)                                                                    comprehensive income (continued)

                  Rupiah (lanjutan)                                                                                                     Rupiah (continued)

                  Obligasi (lanjutan)                                                                                                     Bonds (continued)
                    PT Kereta Api Indonesia (Persero)           Pefindo                 idAAA                 9,943     PT Kereta Api Indonesia (Persero)
                    PT Bank Pembangunan Daerah                                                                            PT Bank Pembangunan Daerah
                       Sulawesi Selatan dan                                                                                      Sulawesi Selatan dan
                       Sulawesi Barat                          Pefindo                idA+                   4,750                      Sulawesi Barat
                    Lainnya                             Beragam/various     Beragam/various                312,135                                Others
                    Subtotal                                                                             5,373,190                                Subtotal
                                                                                                        27,013,129


                  Mata uang asing                                                                                                      Foreign currencies
                  Reksadana                                             -                    -             780,243                            Mutual funds
                  Obligasi                                                                                                                           Bonds
                    PT Perusahaan Listrik Negara                                                                            PT Perusahaan Listrik Negara
                       (Persero)                                Pefindo                 idAAA                97,688                         (Persero)
                    PT Bank Rakyat Indonesia                                                                                   PT Bank Rakyat Indonesia
                       (Persero) Tbk                            Pefindo                 idAAA                76,664                     (Persero) Tbk
                    Bank of America                               Fitch                    AA                75,970                      Bank of America
                    Wells Fargo                                   Fitch                    AA-               73,260                          Wells Fargo
                    Suntrust Bank                                 Fitch                   BBB                72,577                        Suntrust Bank
                    JP Morgan Chase Bank, N.A.                    Fitch                    AA                69,517          JPMorgan Chase Bank, N.A.
                    M&T Bank Corporation                          Fitch                     A                68,357               M&T Bank Corporation
                    The Huntington National Bank                  Fitch                     A-               67,254         The Huntington National Bank
                    PT Pertamina (Persero)                        Fitch                   BBB                64,829              PT Pertamina (Persero)
                    PT Pelabuhan Indonesia (Persero)              Fitch                   BBB                62,055     PT Pelabuhan Indonesia (Persero)

                    Subtotal                                                                               728,171                                Subtotal
                                                                                                         1,508,414

                  Total nilai wajar pada penghasilan                                                                         Total fair value through other
                    komprehensif lain                                                                    28,521,543           comprehensive income


                  Biaya perolehan diamortisasi                                                                                              Amortised cost
                  Rupiah                                                                                                                            Rupiah
                  Obligasi                                                                                                                           Bonds
                    Intan Baruprana Finance                             -                    -             242,790             Intan Baruprana Finance
                    PT Sarana Multi                                                                                                      PT Sarana Multi
                       Infrastruktur (Persero)                  Pefindo                 idAAA              200,000              Infrastruktur (Persero)
                    PT Semen Indonesia (Persero) Tbk            Pefindo                 idAA+              100,000     PT Semen Indonesia (Persero) Tbk

                  Subtotal                                                                                 542,790                                     Subtotal

                  Mata uang asing                                                                                                     Foreign currencies
                  Obligasi                                                                                                                           Bonds
                    PT Bank Mandiri (Persero)Tbk                Pefindo                 idAAA                61,525        PT Bank Mandiri (Persero) Tbk
                  Subtotal                                                                                   61,525                                    Subtotal
                  Total biaya perolehan diamortisasi                                                        604,315                   Total amortised cost

                  Total efek-efek                                                                        37,407,680            Total marketable securities
                  Cadangan kerugian penurunan nilai                                                        (242,941)        Allowance for impairment losses
                  Efek-efek - bersih                                                                     37,164,739             Marketable securities - net




                                                                  Halaman - 97 - Page
1222   Menduniakan Bisnis Indonesia
Page 636
      Permodalan & Praktik            Tata Kelola     Tanggung Jawab
                                            PT BANK NEGARA           Sosial
                                                                INDONESIA       Komitmen Tbk
                                                                            (PERSERO)                                        Laporan
       Manajemen Risiko               Perusahaan         dan Lingkungan           ESG                                       Keuangan
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                      31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                            (Expressed in millions of Rupiah, unless otherwise stated)

8.   EFEK-EFEK (lanjutan)                                                         8.      MARKETABLE SECURITIES (continued)

     d.   Berdasarkan peringkat (lanjutan)                                                d.    By rating (continued)
                                                                               2022
                                                   Pemeringkat/             Peringkat/            Nilai tercatat/
                                                    Agencies                 Rating               Carrying value

          Nilai wajar melalui laba rugi                                                                                   Fair value through profit or loss
          Rupiah                                                                                                                                    Rupiah
          Reksadana                                             -                         -              5,374,735                            Mutual funds
          Obligasi                                        Pefindo             idAA - idAAA                   1,029                                   Bonds
          Obligasi subordinasi                    Beragam/Various         Beragam/Various                    6,109                      Subordinated bonds
          Efek lainnya                                    Pefindo           idAA+ - idAAA                1,742,286                         Other securities
                                                                                                         7,124,159
          Mata uang asing                                                                                                                Foreign currencies
          Reksadana                                               -                         -               50,126                             Mutual funds
          Obligasi                                                -                         -                1,589                                    Bonds

                                                                                                            51,715
          Total nilai wajar melalui laba rugi                                                            7,175,874     Total fair value through profit or loss

          Nilai wajar melalui penghasilan                                                                                          Fair value through other
              komprehensif lain                                                                                                  comprehensive income
          Rupiah                                                                                                                                    Rupiah
          Reksadana                                                   -                     -           13,137,516                              Mutual funds
          Obligasi subordinasi                                                                                                         Subordinated bonds
            PT Bank Pan Indonesia Tbk                     Pefindo                    idA+                  243,595            PT Bank Pan Indonesia Tbk
            PT Bank UOB Indonesia                           Fitch                  AA(idn)                 206,468               PT Bank UOB Indonesia
            PT Bank Mandiri (Persero)Tbk                  Pefindo                    idAA                   76,222         PT Bank Mandiri (Persero) Tbk
            PT Bank Pembangunan Daerah Jawa                                                                               PT Bank Pembangunan Daerah
                Barat dan Banten Tbk                      Pefindo                      idAAA                66,101          Jawa Barat dan Banten Tbk
            PT Bank Maybank Indonesia Tbk                 Pefindo                        idAA                5,079       PT Bank Maybank Indonesia Tbk
              Subtotal                                                                                     597,465                                Subtotal
          Obligasi                                                                                                                                     Bonds
            PT Perusahaan Listrik Negara                                                                                    PT Perusahaan Listrik Negara
                (Persero)                                 Pefindo                      idAAA               820,293                              (Persero)
            PT Sarana Multigriya                                                                                                      PT Sarana Multigriya
                Finansial (Persero)                         Fitch                 AAA(idn)                 414,498                    Finansial (Persero)
            PT Hutama Karya (Persero)                     Pefindo                    idAA-                 397,662            PT Hutama Karya (Persero)
            PT Bank Mandiri (Persero)Tbk                  Pefindo                   idAAA                  340,301         PT Bank Mandiri (Persero) Tbk
            PT Adira Dinamika Multi Finance Tbk           Pefindo                   idAAA                  327,789    PT Adira Dinamika Multi Finance Tbk
            PT Bank Rakyat Indonesia                                                                                           PT Bank Rakyat Indonesia
                (Persero) Tbk                              Pefindo                     idAAA               298,785                         (Persero) Tbk
            PT Permodalan Nasional Madani                  Pefindo                       idAA              269,163       PT Permodalan Nasional Madani
            PT Bank Maybank Indonesia Tbk                  Pefindo                     idAAA               267,815       PT Bank Maybank Indonesia Tbk
            PT Bank Tabungan Negara                                                                                           PT Bank Tabungan Negara
               (Persero) Tbk                               Pefindo                     idAA+               264,387                         (Persero) Tbk
            PT Semen Indonesia (Persero) Tbk               Pefindo                     idAA+               260,800     PT Semen Indonesia (Persero) Tbk
            PT Indosat Tbk                                 Pefindo                     idAAA               227,470                          PT Indosat Tbk
            PT Chandra Asri Petrochemical Tbk              Pefindo                      idAA-              224,032    PT Chandra Asri Petrochemical Tbk
            PT Sarana Multi                                                                                                                PT Sarana Multi
                Infrastruktur (Persero)                    Pefindo                  idAAA                  150,872                Infrastruktur (Persero)
            PT Bank Pan Indonesia Tbk                      Pefindo                    idA+                 120,351            PT Bank Pan Indonesia Tbk
            PT XL Axiata Tbk                                 Fitch                AAA(idn)                 106,462                       PT XL Axiata Tbk
            PT Jasa Marga (Persero) Tbk                    Pefindo                    idAA                 103,102          PT Jasa Marga (Persero) Tbk
            PT Pegadaian                                   Pefindo                  idAAA                   95,593                           PT Pegadaian
            PT Bank KB Bukopin Tbk                         Pefindo                  idAAA                   90,059              PT Bank KB Bukopin Tbk
            PT Kereta Api Indonesia (Persero)              Pefindo                  idAA+                   81,256      PT Kereta Api Indonesia (Persero)
            PT Pupuk Indonesia (Persero)                     Fitch                AAA(idn)                  76,134          PT Pupuk Indonesia (Persero)
            PT Astra Sedaya Finance                        Pefindo                  idAAA                   70,490              PT Astra Sedaya Finance
            PT Maybank Indonesia Finance                     Fitch                AA+(idn)                  70,100        PT Maybank Indonesia Finance
            PT Mora Telematika Indonesia Tbk               Pefindo                    idA+                  52,411     PT Mora Telematika Indonesia Tbk
            PT Adhi Karya (Persero) Tbk                    Pefindo                     idA-                 49,308           PT Adhi Karya (Persero) Tbk
            PT Bank Mandiri Taspen                         Pefindo                  idAA+                   42,762               PT Bank Mandiri Taspen
            PT Bank CIMB Niaga Tbk                         Pefindo                  idAAA                   20,532              PT Bank CIMB Niaga Tbk
            PT Telkom Indonesia (Persero) Tbk              Pefindo                  idAAA                   13,222     PT Telkom Indonesia (Persero) Tbk
            PT BRI Multifinance Indonesia                  Pefindo                    idAA                  12,345         PT BRI Multifinance Indonesia
            Lembaga Pembiayaan Ekspor                                                                                       Lembaga Pembiayaan Ekspor
                 Indonesia                                 Pefindo                     idAAA                  7,205                            Indonesia




                                                             Halaman - 98 - Page
                                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1223
Page 637
       Performa                      Laporan                  Profil
                                                 PT BANK NEGARA                   Analisa dan Pembahasan
                                                                      INDONESIA (PERSERO)        Tbk                                   Fungsi
         2023                       Manajemen              Perusahaan           Manajemen atas Kinerja Bank                        Penunjang Bisnis
                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                              31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

       8.   EFEK-EFEK (lanjutan)                                                  8.      MARKETABLE SECURITIES (continued)

            d.    Berdasarkan peringkat (lanjutan)                                        d.   By rating (continued)
                                                                                2022
                                                        Pemeringkat/         Peringkat/          Nilai tercatat/
                                                         Agencies             Rating             Carrying value

                  Nilai wajar melalui penghasilan                                                                              Fair value through other
                      komprehensif lain (lanjutan)                                                                  comprehensive income (continued)
                  Rupiah (lanjutan)                                                                                                  Rupiah (continued)
                    PT Bank Pembangunan Daerah                                                                           PT Bank Pembangunan Daerah
                       Sulawesi Selatan dan                                                                                         Sulawesi Selatan
                       Sulawesi Barat                          Pefindo               idA+                  4,746                  dan Sulawesi Barat
                    Lainnya                             Beragam/various    Beragam/various               297,105                               Others
                    Subtotal                                                                           5,577,050                                 Subtotal
                                                                                                      19,312,031

                  Mata uang asing                                                                                                     Foreign currencies
                  Reksadana                                            -                   -             788,105                               Mutual funds
                  Sertifikat Bank Indonesia                            -                   -              77,838             Certificate of Bank Indonesia
                  Obligasi                                                                                                                           Bonds
                    PT Perusahaan Listrik Negara                                                                          PT Perusahaan Listrik Negara
                         (Persero)                              Pefindo                idAAA               96,130                            (Persero)
                    PT Bank Rakyat Indonesia                                                                                 PT Bank Rakyat Indonesia
                         (Persero) Tbk                          Pefindo                idAAA               76,474                       (Persero) Tbk
                    JPMorgan Chase Bank, N.A.                     Fitch                  BBB               75,210          JPMorgan Chase Bank, N.A.
                    Suntrust Bank                                  S&P                   BB+               73,158                         Suntrust Bank
                    Bank of America                               Fitch                 BBB+               71,951                       Bank of America
                    The Huntington National Bank                  Fitch                  BB+               70,800         The Huntington National Bank
                    M&T Bank Corporation                           S&P                  BBB+               70,288               M&T Bank Corporation
                    Wells Fargo                                   Fitch                  BBB               67,341                            Wells Fargo
                    PT Pertamina (Persero)                         S&P                   BBB               63,308              PT Pertamina (Persero)
                    PT Pelabuhan Indonesia (Persero)               S&P                   BBB               61,738     PT Pelabuhan Indonesia (Persero)

                    Subtotal                                                                           1,592,341                                 Subtotal
                  Total nilai wajar pada penghasilan                                                                       Total fair value through other
                    komprehensif lain                                                                  20,904,372           comprehensive income


                  Biaya perolehan diamortisasi                                                                                             Amortised cost
                  Rupiah                                                                                                                           Rupiah
                  Obligasi                                                                                                                          Bonds
                     Intan Baruprana Finance                           -                   -             246,493              Intan Baruprana Finance
                     PT Sarana Multi                                                                                                    PT Sarana Multi
                        Infrastruktur (Persero)                 Pefindo             idAAA                200,000               Infrastruktur (Persero)
                     PT Semen Indonesia (Persero) Tbk           Pefindo             idAA+                100,000     PT Semen Indonesia (Persero) Tbk
                     PT Bank Syariah Indonesia Tbk              Pefindo             idAAA                  1,000        PT Bank Syariah Indonesia Tbk
                  Efek lainnya                          Beragam/Various    Beragam/Various                 7,448                           Other securities
                  Subtotal                                                                               554,941                                      Subtotal

                  Mata uang asing                                                                                                   Foreign currencies
                  Obligasi                                                                                                                       Bonds
                     PT Bank KEB Hana Indonesia                   Fitch              AAA                  31,131          PT Bank KEB Hana Indonesia
                  Efek lainnya                          Beragam/Various    Beragam/Various               136,433                        Other securities
                  Subtotal                                                                                167,564                                     Subtotal
                  Total biaya perolehan diamortisasi                                                      722,505                    Total amortised cost

                  Total efek-efek                                                                      28,802,751             Total marketable securities
                  Cadangan kerugian penurunan nilai                                                      (246,668)        Allowance for impairment losses
                  Efek-efek - bersih                                                                   28,556,083             Marketable securities - net




                                                                  Halaman - 99 - Page
1224   Menduniakan Bisnis Indonesia
Page 638
      Permodalan & Praktik                 Tata Kelola     Tanggung Jawab
                                                 PT BANK NEGARA           Sosial
                                                                     INDONESIA       Komitmen Tbk
                                                                                 (PERSERO)                                                           Laporan
       Manajemen Risiko                    Perusahaan         dan Lingkungan           ESG                                                          Keuangan
                                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                            FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                            31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                          (Expressed in millions of Rupiah, unless otherwise stated)

8.   EFEK-EFEK (lanjutan)                                                                     8.       MARKETABLE SECURITIES (continued)

     e.   Berdasarkan kolektibilitas sesuai Peraturan                                                  e.       By Financial                  Service           Authority            Rule
          OJK                                                                                                   collectibility

                                                                    2023                                                    2022
                                                                           Cadangan                                                   Cadangan
                                                                            kerugian                                                   kerugian
                                                                        penurunan nilai/                                           penurunan nilai/
                                                    Pokok/               Allowance for                   Pokok/                     Allowance for
                                                   Principal           impairment losses                Principal                 impairment losses

          Lancar                                      36,873,566                          (151)             28,268,598                           (175)                           Current
          Kurang lancar*)                                291,324                             -                 287,660                              -                      Substandard*)
          Macet                                          242,790                      (242,790)                246,493                       (246,493)                             Loss
                                                      37,407,680                      (242,941)             28,802,751                       (246,668)

          ΎͿ                                                                                              ΎͿ 
                   Cadangan kerugian penurunan nilai pada efek-efek dengan                                          Allowance     for   impairment    losses on marketable        securities
                   klasifikasi nilai wajar melalui penghasilan komprehensif lain                                    classified    as     fair  value     through      other   comprehensive
                   dicatat pada penghasilan komprehensif lain, karena nilai                                         income     is     recorded     in    other      comprehensive   income,
                   tercatatnya disajikan sebesar nilai wajarnya.                                                    because the carrying value is presented at fair value.


     f.   Nilai tercatat bruto dan cadangan kerugian                                                   f.       Gross carrying amount and allowance for
          penurunan nilai                                                                                       impairment losses

          Perubahan nilai tercatat bruto adalah sebagai                                                         Movements in the gross carrying amount are
          berikut:                                                                                              as follows:

                                                                                             2023
                                                                                                       Kerugian kredit
                                                                              Kerugian kredit           ekspektasian
                                                                               ekspektasian              sepanjang
                                                                                 sepanjang               umurnya -
                                                    Kerugian kredit          umurnya - kredit               kredit
                                                    ekspektasian 12          tidak memburuk/             memburuk/
                                                    bulan/12-month           Lifetime ECL Not           Lifetime ECL
                                                         ECL                  Credit-impaired          Credit-impaired              Total/Total

          Efek-efek yang diukur pada                                                                                                                           Marketable securities at
           biaya perolehan diamortisasi                                                                                                                                 amortised cost
          Saldo awal                                             476,012                           -                  246,493              722,505                     Beginning balance
          Aset keuangan baru yang                                                                                                                                   New financial assets
           diterbitkan atau dibeli                               131,384                           -                    (7,404)            123,980            originated or purchased
          Pembayaran penuh                                      (245,872)                          -                     3,702            (242,170)                       Full repayment

                                                                 361,524                           -                  242,791              604,315


                                                                                             2023
                                                                                                       Kerugian kredit
                                                                              Kerugian kredit           ekspektasian
                                                                               ekspektasian              sepanjang
                                                                                 sepanjang               umurnya -
                                                    Kerugian kredit          umurnya - kredit               kredit
                                                    ekspektasian 12          tidak memburuk/             memburuk/
                                                    bulan/12-month           Lifetime ECL Not           Lifetime ECL
                                                         ECL                  Credit-impaired          Credit-impaired              Total/Total

          Efek-efek yang diukur pada nilai                                                                                                                Marketable securities at fair
           wajar melalui penghasilan                                                                                                                            value through other
           komprehensif lain                                                                                                                                comprehensive income
          Saldo awal                                          20,592,749                   311,623                            -        20,904,372                      Beginning balance
          Pengukuran kembali bersih*)                          7,587,526                        (9)                           -         7,587,517                   Net remeasurement*)
          Aset keuangan baru yang                                                                                                                                    New financial assets
           diterbitkan atau dibeli                                 31,471                          -                          -              31,471             originated or purchased
          Valuta asing dan                                                                                                                                         Foreign exchange and
           perubahan lain                                            (656)                  (1,161)                           -              (1,817)                   other movements

                                                              28,211,090                   310,453                            -        28,521,543

          *) Termasuk di dalam pengukuran kembali bersih adalah penjualan efek-efek                                      Including in the net measurement is sales of marketable securities *)




                                                                        Halaman - 100 - Page
                                                                                                                    Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk                1225
Page 639
       Performa                          Laporan                      Profil
                                                         PT BANK NEGARA                   Analisa dan Pembahasan
                                                                              INDONESIA (PERSERO)        Tbk                                                     Fungsi
         2023                           Manajemen                  Perusahaan           Manajemen atas Kinerja Bank                                          Penunjang Bisnis
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                     (Expressed in millions of Rupiah, unless otherwise stated)

       8.   EFEK-EFEK (lanjutan)                                                                  8.        MARKETABLE SECURITIES (continued)

            f.    Nilai tercatat bruto dan cadangan kerugian                                                f.   Gross carrying amount and allowance for
                  penurunan nilai (lanjutan)                                                                     impairment losses (continued)

                  Perubahan nilai tercatat bruto adalah sebagai                                                  Movements in the gross carrying amount are
                  berikut: (lanjutan)                                                                            as follows: (continued)

                                                                                                 2022
                                                                                                            Kerugian kredit
                                                                                      Kerugian kredit        ekspektasian
                                                                                       ekspektasian           sepanjang
                                                                                         sepanjang            umurnya -
                                                            Kerugian kredit          umurnya - kredit            kredit
                                                            ekspektasian 12          tidak memburuk/          memburuk/
                                                            bulan/12-month           Lifetime ECL Not        Lifetime ECL
                                                                 ECL                  Credit-impaired       Credit-impaired       Total/Total

                  Efek-efek yang diukur pada                                                                                                                 Marketable securities at
                   biaya perolehan diamortisasi                                                                                                                     amortised cost
                  Saldo awal                                                6,004                       -           250,048              256,052                     Beginning balance
                  Aset keuangan baru yang                                                                                                                         New financial assets
                   diterbitkan atau dibeli                               470,008                        -                  -             470,008            originated or purchased
                  Pembayaran penuh                                             -                        -             (3,555)             (3,555)                       Full repayment

                                                                         476,012                        -            246,493             722,505


                                                                                                 2022
                                                                                                            Kerugian kredit
                                                                                      Kerugian kredit        ekspektasian
                                                                                       ekspektasian           sepanjang
                                                                                         sepanjang            umurnya -
                                                            Kerugian kredit          umurnya - kredit            kredit
                                                            ekspektasian 12          tidak memburuk/          memburuk/
                                                            bulan/12-month           Lifetime ECL Not        Lifetime ECL
                                                                 ECL                  Credit-impaired       Credit-impaired       Total/Total

                  Efek-efek yang diukur pada nilai                                                                                                      Marketable securities at fair
                   wajar melalui penghasilan                                                                                                                  value through other
                   komprehensif lain                                                                                                                      comprehensive income
                  Saldo awal                                          15,939,415               285,315                        -      16,224,730                      Beginning balance
                  Pengukuran kembali bersih*)                          2,887,136                   (16)                       -       2,887,120                   Net remeasurement*)
                  Aset keuangan baru yang                                                                                                                          New financial assets
                   diterbitkan atau dibeli                             2,339,323                        -                     -        2,339,323              originated or purchased
                  Pembayaran penuh                                      (624,666)                       -                     -         (624,666)                       Full repayment
                  Valuta asing dan                                                                                                                               Foreign exchange and
                   perubahan lain                                          51,541               26,324                        -            77,865                    other movements

                                                                      20,592,749               311,623                        -      20,904,372

                  *) Termasuk di dalam pengukuran kembali bersih adalah penjualan efek-efek                            Including in the net measurement is sales of marketable securities *)


                  Perubahan cadangan kerugian penurunan nilai                                                    Movements in the allowance for impairment
                  adalah sebagai berikut:                                                                        losses are as follows:

                                                                                                 2023
                                                                                                            Kerugian kredit
                                                                                      Kerugian kredit        ekspektasian
                                                                                       ekspektasian           sepanjang
                                                                                         sepanjang            umurnya -
                                                            Kerugian kredit          umurnya - kredit            kredit
                                                            ekspektasian 12          tidak memburuk/          memburuk/
                                                            bulan/12-month           Lifetime ECL Not        Lifetime ECL
                                                                 ECL                  Credit-impaired       Credit-impaired       Total/Total

                  Efek-efek yang diukur pada                                                                                                                 Marketable securities at
                   biaya perolehan diamortisasi                                                                                                                     amortised cost
                  Saldo awal                                                  175                       -           246,493              246,668                     Beginning balance
                  Aset keuangan baru yang                                                                                                                          New financial assets
                   diterbitkan atau dibeli                                    151                       -                  -                  151             originated or purchased
                  Pembayaran penuh                                           (175)                      -             (3,703)              (3,878)                      Full repayment

                                                                              151                       -           242,790              242,941




                                                                                Halaman - 101 - Page
1226   Menduniakan Bisnis Indonesia
Page 640
      Permodalan & Praktik                         Tata Kelola     Tanggung Jawab
                                                         PT BANK NEGARA           Sosial
                                                                             INDONESIA       Komitmen Tbk
                                                                                         (PERSERO)                                                      Laporan
       Manajemen Risiko                            Perusahaan         dan Lingkungan           ESG                                                     Keuangan
                                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                            (Expressed in millions of Rupiah, unless otherwise stated)

8.   EFEK-EFEK (lanjutan)                                                                         8.        MARKETABLE SECURITIES (continued)

     f.   Nilai tercatat bruto dan cadangan kerugian                                                        f.     Gross carrying amount and allowance for
          penurunan nilai (lanjutan)                                                                               impairment losses (continued)
          Perubahan cadangan kerugian penurunan nilai                                                              Movements in the allowance for impairment
          adalah sebagai berikut: (lanjutan)                                                                       losses are as follows: (continued)

                                                                                                 2023
                                                                                                            Kerugian kredit
                                                                                      Kerugian kredit        ekspektasian
                                                                                       ekspektasian           sepanjang
                                                                                         sepanjang            umurnya -
                                                            Kerugian kredit          umurnya - kredit            kredit
                                                            ekspektasian 12          tidak memburuk/          memburuk/
                                                            bulan/12-month           Lifetime ECL Not        Lifetime ECL
                                                                 ECL                  Credit-impaired       Credit-impaired           Total/Total*)

          Efek-efek yang diukur pada nilai                                                                                                                   Marketable securities at fair
           wajar melalui penghasilan                                                                                                                                value through other
           komprehensif lain                                                                                                                                   comprehensive income
          Saldo awal                                                       2,852                 3,258                            -               6,110                 Beginning balance
          Pengukuran kembali bersih                                                                                                                                 Net remeasurement of
           penyisihan kerugian**)                                           (756)                 (709)                           -              (1,465)                loss allowance**)
          Aset keuangan baru yang                                                                                                                                     New financial assets
           diterbitkan atau dibeli                                          (203)                       -                         -                (203)         originated or purchased
          Valuta asing dan                                                                                                                                          Foreign exchange and
           perubahan lain                                                      (2)                  (11)                          -                 (13)                other movements
                                                                           1,891                 2,538                            -               4,429

          ΎͿ                                                                                                  ΎͿ
                          Cadangan kerugian penurunan nilai pada efek-efek dengan                                        Allowance for impairment losses on marketable securities classified as
                          klasifikasi nilai wajar melalui penghasilan komprehensif lain                                  fair value through other comprehensive income is recorded in other
                          dicatat pada penghasilan komprehensif lain, karena nilai                                       comprehensive income, because the carrying value is presented at fair
                          tercatatnya disajikan sebesar nilai wajarnya.                                                  value.
          ΎΎͿ                                                                                                 ΎΎͿ
                          Termasuk di dalam pengukuran kembali bersih penyisihan kerugian                                Including in the net measurement of loss allowance, is sales of
                          adalah penjualan efek-efek                                                                     marketable securities.


                                                                                                 2022
                                                                                                            Kerugian kredit
                                                                                      Kerugian kredit        ekspektasian
                                                                                       ekspektasian           sepanjang
                                                                                         sepanjang            umurnya -
                                                            Kerugian kredit          umurnya - kredit            kredit
                                                            ekspektasian 12          tidak memburuk/          memburuk/
                                                            bulan/12-month           Lifetime ECL Not        Lifetime ECL
                                                                 ECL                  Credit-impaired       Credit-impaired            Total/Total

          Efek-efek yang diukur pada                                                                                                                              Marketable securities at
           biaya perolehan diamortisasi                                                                                                                                   amortised cost
          Saldo awal                                                            -                       -                 250,048              250,048                   Beginning balance
          Aset keuangan baru yang                                                                                                                                      New financial assets
           diterbitkan atau dibeli                                           175                        -                        -                  175           originated or purchased
          Pembayaran penuh                                                     -                        -                   (3,555)              (3,555)                    Full repayment

                                                                             175                        -                 246,493              246,668


                                                                                                 2022
                                                                                                            Kerugian kredit
                                                                                      Kerugian kredit        ekspektasian
                                                                                       ekspektasian           sepanjang
                                                                                         sepanjang            umurnya -
                                                            Kerugian kredit          umurnya - kredit            kredit
                                                            ekspektasian 12          tidak memburuk/          memburuk/
                                                            bulan/12-month           Lifetime ECL Not        Lifetime ECL
                                                                 ECL                  Credit-impaired       Credit-impaired           Total/Total*)

          Efek-efek yang diukur pada nilai                                                                                                                   Marketable securities at fair
           wajar melalui penghasilan                                                                                                                                value through other
           komprehensif lain                                                                                                                                   comprehensive income
          Saldo awal                                                       6,870                 4,357                            -             11,227                  Beginning balance
          Pengukuran kembali bersih                                                                                                                                 Net remeasurement of
           penyisihan kerugian**)                                         (6,380)                (1,435)                          -              (7,815)                loss allowance**)
          Aset keuangan baru yang                                                                                                                                     New financial assets
           diterbitkan atau dibeli                                         3,993                        -                         -               3,993          originated or purchased
          Pembayaran penuh                                                (1,672)                       -                         -              (1,672)                   Full repayment
          Valuta asing dan                                                                                                                                          Foreign exchange and
           perubahan lain                                                     41                   336                            -                 377                 other movements
                                                                           2,852                 3,258                            -               6,110

          ΎͿ                                                                                                  ΎͿ
                          Cadangan kerugian penurunan nilai pada efek-efek dengan                                        Allowance for impairment losses on marketable securities classified as
                          klasifikasi nilai wajar melalui penghasilan komprehensif lain                                  fair value through other comprehensive income is recorded in other
                          dicatat pada penghasilan komprehensif lain, karena nilai                                       comprehensive income, because the carrying value is presented at fair
                          tercatatnya disajikan sebesar nilai wajarnya.                                                  value.
          ΎΎͿ                                                                                                 ΎΎͿ
                          Termasuk di dalam pengukuran kembali bersih penyisihan kerugian                                Including in the net measurement of loss allowance, is sales of
                          adalah penjualan efek-efek                                                                     marketable securities.




                                                                               Halaman - 102 - Page
                                                                                                                        Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk             1227
Page 641
       Performa                   Laporan                 Profil
                                             PT BANK NEGARA                   Analisa dan Pembahasan
                                                                  INDONESIA (PERSERO)        Tbk                                Fungsi
         2023                    Manajemen             Perusahaan           Manajemen atas Kinerja Bank                     Penunjang Bisnis
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                              31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

       8.   EFEK-EFEK (lanjutan)                                                8.    MARKETABLE SECURITIES (continued)
            f.    Nilai tercatat bruto dan cadangan kerugian                          f.     Gross carrying amount and allowance for
                  penurunan nilai (lanjutan)                                                 impairment losses (continued)

                  Manajemen berpendapat bahwa jumlah                                         Management believes that the allowance for
                  cadangan kerugian penurunan nilai di atas                                  impairment losses stated above is adequate.
                  telah memadai.

            g.    Tingkat suku bunga per tahun                                                     g.   Annual interest rates
                                                                                     Dolar
                                                                                Amerika Serikat/
                                                                                 United States
                                                               Rupiah                Dollar
                                                                 %                    %

                  Suku Bunga :                                                                                                         Interest Rate:
                  2023                                       5.35 - 11.25            2.30 - 7.16                                                2023
                  2022                                       4.00 - 11.25            0.50 - 6.50                                                2022



       9.   WESEL EKSPOR DAN TAGIHAN LAINNYA                                    9.    BILLS AND OTHER RECEIVABLES

            a.    Berdasarkan jenis dan mata uang                                     a.     By type and currency

                                                               2023                        2022

                  Rupiah                                                                                                                 Rupiah
                    Surat Keterangan Berdokumen                                                                        Domestic Documentary
                      Dalam Negeri (SKBDN)                         3,688,683                  2,902,559                    Letters of Credit
                    Wesel Ekspor                                     182,530                    529,043                            Export Bills
                    Tagihan lainnya:                                                                                       Other receivables:
                      - Open account financing dan                                                              Open account financing and -
                           Supply chain financing                  8,832,690                11,207,612           Supply chain financing

                                                                  12,703,903                14,639,214


                  Mata uang asing                                                                                           Foreign currencies
                    Wesel Ekspor                                  5,428,141                   4,941,865                            Export Bills
                    Surat Keterangan Berdokumen                                                                        Domestic Documentary
                      Dalam Negeri (SKBDN)                            81,085                             -                 Letters of Credit
                    Tagihan lainnya:                                                                                        Other receivables:
                      - Open account financing dan                                                              Open account financing and -
                           Supply chain financing                    799,271                       771,519          Supply chain financing
                      - Tagihan transaksi L/C Sight                  265,095                       549,531           L/C Sight receivables -

                                                                  6,573,592                   6,262,915
                  Total                                          19,277,495                 20,902,129                                     Total
                  Cadangan kerugian                                                                                               Allowance for
                    penurunan nilai                                 (278,501)                  (172,909)                    impairment losses

                                                                 18,998,994                  20,729,220




                                                            Halaman - 103 - Page
1228   Menduniakan Bisnis Indonesia
Page 642
      Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                                       Laporan
       Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                                      Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                   31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

9.   WESEL EKSPOR DAN TAGIHAN LAINNYA                                      9.     BILLS AND OTHER RECEIVABLES (continued)
     (lanjutan)

     a.   Berdasarkan jenis dan mata uang (lanjutan)                              a.     By type and currency (continued)

          Perincian wesel ekspor dan tagihan lainnya                                     Bills and other receivables                    based       on
          berdasarkan mata uang adalah sebagai                                           currencies are as follows:
          berikut:

                                                            2023                        2022

          Rupiah                                             12,703,903                  14,639,214                                           Rupiah

          Mata uang asing                                                                                                     Foreign currencies
            Dolar Amerika Serikat                             5,599,710                   5,759,400                          United States Dollar
            Yuan China                                          973,882                     465,615                                Chinese Yuan
            Euro Eropa                                                -                      37,900                               European Euro

                                                              6,573,592                   6,262,915
          Total                                              19,277,495                  20,902,129                                           Total
          Cadangan kerugian                                                                                                          Allowance for
            penurunan nilai                                    (278,501)                    (172,909)                          impairment losses

                                                             18,998,994                  20,729,220


     b.   Berdasarkan hubungan                                                    b.     By relationship

                                                            2023                        2022

          Pihak berelasi                                                                                                           Related parties
            Rupiah                                           10,004,155                  10,326,392                                       Rupiah
            Mata uang asing                                      81,085                           -                            Foreign currencies
          Total pihak berelasi                               10,085,240                  10,326,392                              Total related parties


          Pihak ketiga                                                                                                                Third parties
            Mata uang asing                                   6,492,507                   6,262,915                            Foreign currencies
            Rupiah                                            2,699,748                   4,312,822                                       Rupiah
          Total pihak ketiga                                  9,192,255                  10,575,737                                Total third parties
          Total                                              19,277,495                  20,902,129                                           Total
          Cadangan kerugian                                                                                                          Allowance for
            penurunan nilai                                    (278,501)                    (172,909)                          impairment losses
                                                             18,998,994                  20,729,220


     c.   Berdasarkan kolektibilitas sesuai Peraturan                             c.     By Financial Service Authority collectibility
          OJK

                                                     2023                                           2022
                                                          Cadangan                                        Cadangan
                                                           kerugian                                        kerugian
                                                       penurunan nilai/                                penurunan nilai/
                                       Pokok/           Allowance for              Pokok/               Allowance for
                                      Principal       impairment losses           Principal           impairment losses

          Lancar                        19,277,495                 (278,501)           20,848,683               (119,463)                       Current
          Macet                                  -                        -                53,446                (53,446)                         Loss

                                        19,277,495                 (278,501)           20,902,129               (172,909)




                                                       Halaman - 104 - Page
                                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1229
Page 643
       Performa                        Laporan                    Profil
                                                     PT BANK NEGARA                   Analisa dan Pembahasan
                                                                          INDONESIA (PERSERO)        Tbk                                                  Fungsi
         2023                         Manajemen                Perusahaan           Manajemen atas Kinerja Bank                                       Penunjang Bisnis
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                          NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                               FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                               31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                   (Expressed in millions of Rupiah, unless otherwise stated)

       9.   WESEL EKSPOR DAN TAGIHAN LAINNYA                                                    9.      BILLS AND OTHER RECEIVABLES (continued)
            (lanjutan)

            d.    Nilai tercatat bruto dan cadangan kerugian                                            d.   Gross carrying amount and allowance for
                  penurunan nilai                                                                            impairment losses

                  Perubahan nilai tercatat bruto adalah sebagai                                              Movements in the gross carrying amount are
                  berikut:                                                                                   as follows:

                                                                                               2023
                                                                                                        Kerugian kredit
                                                                                   Kerugian kredit       ekspektasian
                                                                                    ekspektasian          sepanjang
                                                                                      sepanjang           umurnya -
                                                        Kerugian kredit           umurnya - kredit           kredit
                                                        ekspektasian 12           tidak memburuk/         memburuk/
                                                        bulan/12-month            Lifetime ECL Not       Lifetime ECL
                                                             ECL                   Credit-impaired      Credit-impaired       Total/Total

                  Wesel ekspor dan
                   tagihan lainnya                                                                                                                 Bill and other receivables
                  Saldo awal                                       20,102,299               746,384               53,446         20,902,129                  Beginning balance
                  Pengalihan dari                                                                                                                              Transfer from:
                  - Kerugian kredit ekspektasian
                    12 bulan                                        (7,246,852)            7,246,852                      -                 -                   12-month ECL-
                  - Kerugian kredit ekspektasian
                    sepanjang umurnya - tidak                                                                                                         Lifetime ECL not credit -
                    mengalami penurunan nilai                       3,360,633             (3,360,633)                     -               -                           -impaired
                  Pengukuran kembali bersih*)                      15,597,649               (382,101)                     -      15,215,548               Net remeasurement*)
                  Aset keuangan baru yang                                                                                                                  New financial assets
                    diterbitkan atau dibeli                          4,973,517                     -                   -          4,973,517           originated or purchased
                  Pembayaran penuh                                 (20,045,174)           (1,714,325)                  -        (21,759,499)                    Fully repayment
                  Hapus Buku                                                 -                     -             (53,446)           (53,446)                           Write-offs
                  Valuta asing dan                                                                                                                       Foreign exchange and
                    perubahan lain                                    264,238               (264,992)                     -             (754)                other movements

                                                                   17,006,310              2,271,185                      -      19,277,495


                  *) Termasuk di dalam pengukuran kembali bersih                                                                Including in the net remeasurement is repayment*)
                     adalah pembayaran kembali


                                                                                               2022
                                                                                                        Kerugian kredit
                                                                                   Kerugian kredit       ekspektasian
                                                                                    ekspektasian          sepanjang
                                                                                      sepanjang           umurnya -
                                                        Kerugian kredit           umurnya - kredit           kredit
                                                        ekspektasian 12           tidak memburuk/         memburuk/
                                                        bulan/12-month            Lifetime ECL Not       Lifetime ECL
                                                             ECL                   Credit-impaired      Credit-impaired       Total/Total

                  Wesel ekspor dan
                   tagihan lainnya                                                                                                                 Bill and other receivables
                  Saldo awal                                       15,120,415              4,792,075              53,446         19,965,936                  Beginning balance
                  Pengalihan dari                                                                                                                              Transfer from:
                  - Kerugian kredit ekspektasian
                    12 bulan                                         (195,638)              195,638                       -                 -                   12-month ECL-
                  - Kerugian kredit ekspektasian
                    sepanjang umurnya – tidak                                                                                                         Lifetime ECL not credit -
                    mengalami penurunan nilai                       4,825,611             (4,825,611)                     -               -                           -impaired
                  Pengukuran kembali bersih*)                      19,441,781              2,239,990                      -      21,681,771               Net remeasurement*)
                  Aset keuangan baru yang                                                                                                                  New financial assets
                    diterbitkan atau dibeli                          7,064,582                68,623                      -       7,133,205           originated or purchased
                  Pembayaran penuh                                 (27,107,118)           (1,736,634)                     -     (28,843,752)                    Fully repayment
                  Valuta asing dan                                                                                                                       Foreign exchange and
                    perubahan lain                                    952,666                12,303                       -         964,969                  other movements

                                                                   20,102,299               746,384               53,446         20,902,129


                  *) Termasuk di dalam pengukuran kembali bersih                                                   Including in the net remeasurement is repayment and impact of
                     adalah pembayaran kembali dan dampak akuisisi                                                                                                  acquisition*)




                                                                            Halaman - 105 - Page
1230   Menduniakan Bisnis Indonesia
Page 644
      Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                              PT BANK NEGARA           Sosial
                                                                  INDONESIA       Komitmen Tbk
                                                                              (PERSERO)                                            Laporan
       Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                                           Keuangan
                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                            FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                            31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                (Expressed in millions of Rupiah, unless otherwise stated)

9.   WESEL EKSPOR DAN TAGIHAN LAINNYA                                                 9.      BILLS AND OTHER RECEIVABLES (continued)
     (lanjutan)

     d.   Nilai tercatat bruto dan cadangan kerugian                                          d.   Gross carrying amount and allowance for
          penurunan nilai (lanjutan)                                                               impairment losses (continued)

          Perubahan cadangan kerugian penurunan nilai                                              Movements in the allowance for impairment
          adalah sebagai berikut:                                                                  losses are as follows:

                                                                                     2023
                                                                                              Kerugian kredit
                                                                         Kerugian kredit       ekspektasian
                                                                          ekspektasian          sepanjang
                                                                            sepanjang           umurnya -
                                                Kerugian kredit         umurnya - kredit           kredit
                                                ekspektasian 12         tidak memburuk/         memburuk/
                                                bulan/12-month          Lifetime ECL Not       Lifetime ECL
                                                     ECL                 Credit-impaired      Credit-impaired       Total/Total

          Wesel ekspor dan
           tagihan lainnya                                                                                                                Bill and other receivables
          Saldo awal                                        108,650                10,813               53,446            172,909                  Beginning balance
          Pengalihan dari                                                                                                                              Transfer from:
          - Kerugian kredit ekspektasian
            12 bulan                                         (16,990)              16,990                       -                 -                    12-month ECL-
          - Kerugian kredit ekspektasian
            sepanjang umurnya -                                                                                                              Lifetime ECL not credit -
            kredit tidak memburuk                           213,559               (213,559)                     -                 -                          -impaired
          Pengukuran kembali bersih                                                                                                                Net remeasurement
            penyisihan kerugian                            (118,791)              420,407                       -         301,616                   of loss allowance
          Aset keuangan baru yang                                                                                                                 New financial assets
            diterbitkan atau dibeli                          32,619                      -                   -             32,619            originated or purchased
          Pembayaran penuh                                 (132,823)               (42,702)                  -           (175,525)                     Fully repayment
          Hapus buku                                              -                      -             (53,446)           (53,446)                             Write-off
          Valuta asing dan                                                                                                                      Foreign exchange and
            perubahan lain                                       900                  (572)                     -              328                  other movements

                                                             87,124               191,377                       -         278,501


                                                                                     2022
                                                                                              Kerugian kredit
                                                                         Kerugian kredit       ekspektasian
                                                                          ekspektasian          sepanjang
                                                                            sepanjang           umurnya -
                                                Kerugian kredit         umurnya - kredit           kredit
                                                ekspektasian 12         tidak memburuk/         memburuk/
                                                bulan/12-month          Lifetime ECL Not       Lifetime ECL
                                                     ECL                 Credit-impaired      Credit-impaired       Total/Total

          Wesel ekspor dan
           tagihan lainnya                                                                                                                Bill and other receivables
          Saldo awal                                        103,823               245,349               53,446            402,618                  Beginning balance
          Pengalihan dari                                                                                                                              Transfer from:
          - Kerugian kredit ekspektasian
            12 bulan                                          (1,688)                1,688                      -                 -                    12-month ECL-
          - Kerugian kredit ekspektasian
            sepanjang umurnya -                                                                                                              Lifetime ECL not credit -
            kredit tidak memburuk                           301,888               (301,888)                     -                 -                           -impaired
          Pengukuran kembali bersih                                                                                                               Net remeasurement
            penyisihan kerugian*)                          (192,491)              135,767                       -          (56,724)                of loss allowance*)
          Aset keuangan baru yang                                                                                                                 New financial assets
            diterbitkan atau dibeli                          56,707                    786                      -          57,493            originated or purchased
          Pembayaran penuh                                 (148,554)               (88,117)                     -        (236,671)                      Fully repayment
          Valuta asing dan                                                                                                                      Foreign exchange and
            perubahan lain                                   (11,035)              17,228                       -            6,193                  other movements

                                                            108,650                10,813               53,446            172,909

          *) Termasuk di dalam pengukuran kembali bersih penyisihan                                    Including in the net remeasurement of loss allowance is impact of
             kerugian, adalah dampak akuisisi                                                                                                              acquisition*)




                                                                  Halaman - 106 - Page
                                                                                                    Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk          1231
Page 645
       Performa                    Laporan                 Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                                   Fungsi
         2023                     Manajemen             Perusahaan           Manajemen atas Kinerja Bank                        Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                              31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

       9.   WESEL EKSPOR DAN TAGIHAN LAINNYA                                      9.     BILLS AND OTHER RECEIVABLES (continued)
            (lanjutan)

            d.    Nilai tercatat bruto dan cadangan kerugian                             d.    Gross carrying amount and allowance for
                  penurunan nilai (lanjutan)                                                   impairment losses (continued)

                  Manajemen berpendapat bahwa jumlah                                           Management believes that the above
                  cadangan kerugian penurunan nilai diatas                                     allowance for impairment losses is adequate.
                  telah memadai.

            e.    Tingkat suku bunga per tahun                                           e.    Annual interest rates
                                                                   Dolar
                                                              Amerika Serikat/
                                                               United States            Euro Eropa/           Yuan China/
                                              Rupiah               Dollar              European Euro         Chinese Yuan
                                                %                   %                       %                     %
                  Bunga kontrak                                                                                                        Contractual rates
                  2023                         0.00 - 11.25         0.00 - 8.41                         -                0.00                      2023
                  2022                         4.13 - 10.00         1.00 - 8.90               2.65 - 3.75         2.08 - 3.50                      2022



       10. TAGIHAN AKSEPTASI                                                      10. ACCEPTANCE RECEIVABLES

            a.    Berdasarkan pihak dan mata uang                                        a.    By party and currency

                                                                 2023                         2022
                  Rupiah                                                                                                                   Rupiah
                    Debitur non-bank                                9,444,839                  11,357,348                       Non-bank debtors
                    Bank                                              158,993                     161,579                                 Banks
                                                                    9,603,832                  11,518,927


                  Mata uang asing                                                                                               Foreign currencies
                    Debitur non-bank                                7,906,334                   8,412,891                       Non-bank debtors
                    Bank                                               58,509                      82,410                                 Banks
                                                                    7,964,843                   8,495,301

                  Total                                            17,568,675                  20,014,228                                      Total
                  Cadangan kerugian                                                                                                   Allowance for
                    penurunan nilai                                   (477,481)                (1,102,385)                      impairment losses

                                                                   17,091,194                  18,911,843

                  Perincian tagihan akseptasi berdasarkan mata                                  Acceptance receivables based on currencies
                  uang adalah sebagai berikut:                                                  are as follows:

                                                                 2023                         2022

                  Rupiah                                             9,603,832                 11,518,927                                          Rupiah

                  Mata uang asing                                                                                              Foreign currencies
                   Dolar Amerika Serikat                             7,789,126                  8,064,042                   United States Dollar
                   Euro Eropa                                           68,878                    288,198                         European Euro
                   Pound Sterling Inggris                               41,205                     58,873            Great Britain Pound Sterling
                   Yuan China                                           39,610                     27,797                          Chinese Yuan
                   Yen Jepang                                           19,698                     23,488                          Japanese Yen
                   Dolar Singapura                                       4,259                     23,484                        Singapore Dollar
                   Dolar Australia                                       1,729                      6,660                        Australian Dollar
                   Franc Swiss                                             338                      2,759                            Swiss Franc
                                                                     7,964,843                  8,495,301

                  Total                                            17,568,675                  20,014,228                                      Total
                  Cadangan kerugian                                                                                                   Allowance for
                    penurunan nilai                                   (477,481)                (1,102,385)                      impairment losses
                                                                   17,091,194                  18,911,843




                                                               Halaman - 107 - Page
1232   Menduniakan Bisnis Indonesia
Page 646
     Permodalan & Praktik             Tata Kelola     Tanggung Jawab
                                            PT BANK NEGARA           Sosial
                                                                INDONESIA       Komitmen Tbk
                                                                            (PERSERO)                                                   Laporan
      Manajemen Risiko                Perusahaan         dan Lingkungan           ESG                                                  Keuangan
                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                    (Expressed in millions of Rupiah, unless otherwise stated)

10. TAGIHAN AKSEPTASI (lanjutan)                                                          10. ACCEPTANCE RECEIVABLES (continued)

    b.   Berdasarkan hubungan                                                                  b.     By relationship
                                                                       2023                          2022

         Pihak berelasi                                                                                                                            Related parties
           Rupiah                                                         2,949,903                     2,386,383                                         Rupiah
           Mata uang asing                                                  209,052                     2,279,213                              Foreign currencies

         Total pihak berelasi                                             3,158,955                     4,665,596                                 Total related parties

         Pihak ketiga                                                                                                                                 Third parties
           Rupiah                                                         6,653,929                     9,132,544                                         Rupiah
           Mata uang asing                                                7,755,791                     6,216,088                              Foreign currencies

         Total pihak ketiga                                              14,409,720                    15,348,632                                   Total third parties

         Total                                                           17,568,675                    20,014,228                                              Total
         Cadangan kerugian                                                                                                                            Allowance for
           penurunan nilai                                                  (477,481)                  (1,102,385)                              impairment losses
                                                                         17,091,194                    18,911,843

    c.   Berdasarkan kolektibilitas sesuai Peraturan                                           c.     By Financial               Service          Authority        Rule
         OJK                                                                                          collectibility
         
                                                                2023                                             2022
                                                                      Cadangan                                         Cadangan
                                                                       kerugian                                         kerugian
                                                                   penurunan nilai/                                 penurunan nilai/
                                              Pokok/                Allowance for                Pokok/              Allowance for
                                             Principal            impairment losses             Principal          impairment losses

         Lancar                                    17,568,675                  (477,481)            19,461,562                  (600,251)                        Current
         Dalam perhatian khusus                             -                         -                552,666                  (502,134)                Special mention
                                                   17,568,675                  (477,481)            20,014,228                (1,102,385)


    d.   Nilai tercatat bruto dan cadangan kerugian                                            d.     Gross carrying amount and allowance for
         penurunan nilai                                                                              impairment losses
         Perubahan nilai tercatat bruto adalah sebagai                                                 Movements in the gross carrying amount are as
         berikut:                                                                                      follows:
                                                                                      2023

                                                                       Kerugian kredit
                                                                        ekspektasian        Kerugian kredit
                                                                         sepanjang           ekspektasian
                                                                         umurnya -            sepanjang
                                                     Kerugian            kredit tidak         umurnya -
                                                      kredit             memburuk/               kredit
                                                   ekspektasian         Lifetime ECL          memburuk/
                                                   12 bulan/12-          Not Credit-         Lifetime ECL
                                                    month ECL             impaired          Credit-impaired        Total/Total
         Tagihan akseptasi                                                                                                                     Acceptance receivables
         Saldo awal                                    13,461,588             6,014,626              538,014            20,014,228                  Beginning balance
         Pengalihan dari:                                                                                                                               Transfer from:
         - Kerugian kredit ekspektasian
           12 bulan                                      (781,385)              781,385                     -                     -                      12-month ECL -
         - Kerugian kredit ekspektasian
           sepanjang umurnya -                                                                                                                     Lifetime ECL not credit
           kredit tidak memburuk                          529,257              (529,257)                    -                     -                            impaired
         Pengalihan dari/ke
           kerugian kredit ekspektasian                                                                                                                   Transfer from/to
           sepanjang umurnya -                                                                                                                       Lifetime ECL credit -
           kredit memburuk - bersih                             -               (14,652)               14,652                    -                        - impaired - net
         Pengukuran kembali bersih*)                   17,824,338             2,469,141                35,348           20,328,827                  Net remeasurement*)
         Aset keuangan baru yang                                                                                                                     New financial assets
           diterbitkan atau dibeli                      1,440,364                 15,656                    -             1,456,020             originated or purchased
           Pembayaran penuh                           (19,449,990)            (4,174,991)            (576,434)          (24,201,415)                      Fully repayment
         Valuta asing dan                                                                                                                          Foreign exchange and
           perubahan lain                                 (26,667)                9,262               (11,580)              (28,985)                   other movements
                                                       12,997,505             4,571,170                     -           17,568,675
         *) Termasuk di dalam pengukuran kembali                                                                         Including in the net remeasurement is repayment *)
            adalah pembayaran kembali.




                                                                  Halaman - 108 - Page
                                                                                                       Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk          1233
Page 647
       Performa                       Laporan                     Profil
                                                     PT BANK NEGARA                   Analisa dan Pembahasan
                                                                          INDONESIA (PERSERO)        Tbk                                                        Fungsi
         2023                        Manajemen                 Perusahaan           Manajemen atas Kinerja Bank                                             Penunjang Bisnis
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                                 NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                      FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                      31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                        (Expressed in millions of Rupiah, unless otherwise stated)

       10. TAGIHAN AKSEPTASI (lanjutan)                                                               10. ACCEPTANCE RECEIVABLES (continued)

            d.    Nilai tercatat bruto dan cadangan kerugian                                               d.      Gross carrying amount and allowance for
                  penurunan nilai (lanjutan)                                                                       impairment losses (continued)

                  Perubahan nilai tercatat bruto adalah sebagai                                                    Movements in the gross carrying amount are
                  berikut: (lanjutan)                                                                              as follows: (continued)
                                                                                                 2022

                                                                                   Kerugian kredit
                                                                                    ekspektasian       Kerugian kredit
                                                                                     sepanjang          ekspektasian
                                                                                     umurnya -           sepanjang
                                                           Kerugian                  kredit tidak        umurnya -
                                                            kredit                   memburuk/              kredit
                                                         ekspektasian               Lifetime ECL         memburuk/
                                                         12 bulan/12-                Not Credit-        Lifetime ECL
                                                          month ECL                   impaired         Credit-impaired            Total/Total
                  Tagihan akseptasi                                                                                                                        Acceptance receivables
                  Saldo awal                                   12,446,412                 7,934,724             1,176,304            21,557,440                 Beginning balance
                  Pengalihan dari:                                                                                                                                  Transfer from:
                  - Kerugian kredit ekspektasian
                    12 bulan                                   (1,765,540)                1,765,540                      -                      -                     12-month ECL -
                  - Kerugian kredit ekspektasian
                    sepanjang umurnya -                                                                                                                       Lifetime ECL not credit
                    kredit tidak memburuk                       1,204,784                (1,204,784)                     -                      -                         impaired
                  Pengalihan dari/ke
                    kerugian kredit ekspektasian                                                                                                                      Transfer from/to
                    sepanjang umurnya -                                                                                                                          Lifetime ECL credit -
                    kredit memburuk - bersih                            -                  (171,260)              171,260                     -                       - impaired - net
                  Pengukuran kembali bersih*)                  15,209,779                 3,686,572               943,709            19,840,060                 Net remeasurement*)
                  Aset keuangan baru yang                                                                                                                        New financial assets
                    diterbitkan atau dibeli                     7,995,865                   174,892                      -             8,170,757            originated or purchased
                  Pembayaran penuh                            (22,173,594)               (6,220,193)            (1,796,975)          (30,190,762)                     Fully repayment
                  Valuta asing dan                                                                                                                             Foreign exchange and
                    perubahan lain                                   543,882                49,135                 43,716               636,733                    other movements
                                                               13,461,588                 6,014,626               538,014            20,014,228

                  *) Termasuk di dalam pengukuran kembali bersih                                                         Including in the net remeasurement is repayment and impact of
                     adalah pembayaran kembali dan dampak akuisisi                                                                                                        acquisition*)


                  Perubahan cadangan kerugian penurunan nilai                                                      The movements in the allowance                                   for
                  adalah sebagai berikut:                                                                          impairment losses are as follows:
                                                                                                  2023
                                                                                                           Kerugian kredit
                                                                                     Kerugian kredit        ekspektasian
                                                                                      ekspektasian           sepanjang
                                                                                        sepanjang            umurnya -
                                                        Kerugian kredit             umurnya - kredit            kredit
                                                        ekspektasian 12             tidak memburuk/          memburuk/
                                                        bulan/12-month              Lifetime ECL Not        Lifetime ECL
                                                             ECL                     Credit-impaired       Credit-impaired           Total/Total

                  Tagihan akseptasi                                                                                                                        Acceptance receivables
                  Saldo awal                                           37,193                   566,623               498,569            1,102,385              Beginning balance
                  Pengalihan dari:                                                                                                                                     Transfer to:
                  - Kerugian kredit ekspektasian
                    12 bulan                                           (3,815)                    3,815                       -                     -                  12-month ECL-
                  - Kerugian kredit ekspektasian
                    sepanjang umurnya -                                                                                                                             Lifetime ECL not-
                    kredit tidak memburuk                              15,155                   (15,155)                      -                     -                  credit impaired
                  Pengalihan dari/ke
                    Kerugian kredit ekspektasian
                    sepanjang umurnya -                                                                                                                                 Transfer from/to
                    kredit memburuk                                            -                 (3,297)                 3,297                      -   lifetime ECL credit-impaired
                  Pengukuran kembali bersih                                                                                                                      Net remeasurement of
                    penyisihan kerugian                                52,628                   293,976                 17,379             363,983                      loss allowance
                  Aset keuangan baru yang                                                                                                                          New financial assets
                    diterbitkan atau dibeli                             3,903                       592                      -               4,495            originated or purchased
                  Pembayaran penuh                                    (63,201)                 (406,827)              (507,665)           (977,693)                     Fully repayment
                  Valuta asing dan                                                                                                                               Foreign exchange and
                    perubahan lain                                       (314)                   (3,795)               (11,580)             (15,689)                 other movements

                                                                       41,549                   435,932                       -            477,481




                                                                           Halaman - 109 - Page
1234   Menduniakan Bisnis Indonesia
Page 648
     Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                             PT BANK NEGARA           Sosial
                                                                 INDONESIA       Komitmen Tbk
                                                                             (PERSERO)                                               Laporan
      Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                                              Keuangan
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                              31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                    (Expressed in millions of Rupiah, unless otherwise stated)

10. TAGIHAN AKSEPTASI (lanjutan)                                                           10. ACCEPTANCE RECEIVABLES (continued)

    d.   Nilai tercatat bruto dan cadangan kerugian                                             d.   Gross carrying amount and allowance for
         penurunan nilai (lanjutan)                                                                  impairment losses (continued)

         Perubahan cadangan kerugian penurunan nilai                                                 The movements in the allowance for
         adalah sebagai berikut: (lanjutan)                                                          impairment losses are as follows: (continued)

                                                                                       2022
                                                                                                Kerugian kredit
                                                                          Kerugian kredit        ekspektasian
                                                                           ekspektasian           sepanjang
                                                                             sepanjang            umurnya -
                                               Kerugian kredit           umurnya - kredit            kredit
                                               ekspektasian 12           tidak memburuk/          memburuk/
                                               bulan/12-month            Lifetime ECL Not        Lifetime ECL
                                                    ECL                   Credit-impaired       Credit-impaired       Total/Total

         Tagihan akseptasi                                                                                                                    Acceptance receivables
         Saldo awal                                         38,123                  753,472             223,078           1,014,673                Beginning balance
         Pengalihan dari:                                                                                                                                 Transfer to:
         - Kerugian kredit ekspektasian
           12 bulan                                          (7,838)                  7,838                       -                 -                    12-month ECL-
         - Kerugian kredit ekspektasian
           sepanjang umurnya –                                                                                                                     Lifetime ECL credit -
           kredit tidak memburuk                            47,140                   (47,140)                     -                 -                      -not impaired
         Pengalihan dari/ke
           Kerugian kredit ekspektasian
           sepanjang umurnya -                                                                                                                            Transfer from/to
           kredit memburuk                                           -             (136,495)            136,495                     -     lifetime ECL credit-impaired
         Pengukuran kembali bersih                                                                                                                 Net remeasurement of
           penyisihan kerugian*)                              7,703               1,177,451              571,703          1,756,857                     loss allowance*)
         Aset keuangan baru yang                                                                                                                     New financial assets
           diterbitkan atau dibeli                            9,560                  31,445                   -               41,005            originated or purchased
         Pembayaran penuh                                   (58,620)             (1,226,061)            (452,002)         (1,736,683)                     Fully repayment
         Valuta asing dan                                                                                                                          Foreign exchange and
           perubahan lain                                     1,125                   6,113               19,295             26,533                    other movements

                                                            37,193                  566,623             498,569           1,102,385


         *) Termasuk di dalam pengukuran kembali bersih penyisihan                                       Including in the net remeasurement of loss allowance is impact of
            kerugian, adalah dampak akuisisi                                                                                                                 acquisition*)



         Manajemen berpendapat bahwa jumlah                                                          Management believes that the above
         cadangan kerugian penurunan nilai diatas                                                    allowance for impairment losses is adequate.
         telah memadai.

    e.   Tingkat suku bunga per tahun                                                           e.   Annual interest rates
                                                                               Dolar
                                             Dolar Singapura/             Amerika Serikat/
                                                Singapore                  United States              Yuan China/
                                                  Dollar                       Dollar                Chinese Yuan
                                                    %                           %                         %


         Suku Bunga :                                                                                                                                      Interest Rate:
         2023                                           -                    0.00 - 8.41                       -                                                    2023
         2022                                      0.00 - 2.75               0.00 - 7.34                  0.00 - 3.82                                               2022




                                                                 Halaman - 110 - Page
                                                                                                      Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk          1235
Page 649
       Performa                       Laporan                 Profil
                                                 PT BANK NEGARA                   Analisa dan Pembahasan
                                                                      INDONESIA (PERSERO)        Tbk                                    Fungsi
         2023                        Manajemen             Perusahaan           Manajemen atas Kinerja Bank                         Penunjang Bisnis
                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                              31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                        (Expressed in millions of Rupiah, unless otherwise stated)

       11. TAGIHAN DAN LIABILITAS DERIVATIF                                        11. DERIVATIVE RECEIVABLES AND PAYABLES

            Dalam melakukan usaha bisnis, BNI melakukan                                   In the normal course of business, BNI enters into
            transaksi instrumen keuangan derivatif seperti                                transactions     involving    derivative     financial
            kontrak berjangka mata uang asing, swap mata                                  instruments such as foreign currency forward
            uang asing, swap atas suku bunga dan transaksi                                contracts, currency swaps, interest rate swaps and
            spot untuk keperluan pembiayaan, perdagangan                                  spot transactions for financing, trading and hedging
            dan lindung nilai.                                                            purposes.

            a.    Berdasarkan jenis dan mata uang                                         a.    By type and currency

                                                                                2023
                                                       Jumlah nosional            Nilai wajar/Fair values
                                                       mata uang asing
                                                       (jumlah penuh)/
                                                       Notional amount        Tagihan               Liabilitas
                                                           in foreign        derivatif/             derivatif/
                                                            currency         Derivative             Derivative
                  Instrumen                              (full amount)      receivables              payables                                  Instruments

                  Terkait Nilai Tukar                                                                                                Exchange Rate Related
                  Kontrak berjangka - beli                                                                                          Forward contract - buy
                        CNY                                  416,972,397                7,084                     -                               CNY
                        USD                                  543,853,761                3,039                (78,127)                             USD

                  Kontrak berjangka - jual                                                                                           Forward contract - sell
                        CNY                                  102,000,000                   19                     -                               CNY
                        EUR                                    4,000,000                    -                   (988)                             EUR
                        USD                                  246,529,197               38,242                 (7,255)                             USD

                  Swap mata uang asing - beli                                                                                 Foreign currency swaps - buy
                       EUR                                        46,764                   18                       -                             EUR
                       JPY                                27,529,802,340               72,213                   (929)                              JPY
                       SGD                                    15,000,000                  969                     -                               SGD
                       USD                                   968,073,582               11,349               (198,979)                             USD

                  Swap mata uang asing - jual                                                                                 Foreign currency swaps - sell
                       AUD                                     11,000,000               270                      (50)                             AUD
                       EUR                                     85,959,000             1,228                  (16,180)                             EUR
                       GBP                                     15,000,000               294                   (1,447)                             GBP
                       SGD                                     88,844,400             8,123                     (238)                             SGD
                       USD                                  1,328,878,993           300,017                   (6,393)                             USD

                  Spot mata uang asing - beli                                                                                 Foreign currency spots - buy
                        AUD                                   40,800,000                    -                   (825)                             AUD
                        EUR                                   16,500,000                    -                   (783)                             EUR
                        GBP                                    3,250,000                    -                   (281)                             GBP
                        USD                                  198,539,729                  956                 (4,759)                             USD

                  Spot mata uang asing - jual                                                                                  Foreign currency spots - sell
                        AUD                                   35,064,185                  482                     (40)                            AUD
                        EUR                                    9,900,000                  337                       -                             EUR
                        USD                                  197,070,000                3,871                    (834)                            USD

                  Terkait Nilai Tukar dan Suku Bunga                                                                     Exchange and Interest Rate Related
                     Swap atas suku bunga                                                                                               Interest rate swap
                        USD                                  530,138,055            356,400                 (321,987)                              USD
                     Swap mata uang asing                                                                                      Cross currency swaps and
                        dan suku bunga                                                                                                     interest rate
                        USD                                  776,376,200            157,150                 (109,419)                              USD
                     Risk Free Rate                                                                                                        Risk Free Rate
                        IDR                             1,000,000,000,000              11,408                 (4,080)                               IDR
                        USD                                   350,398,400              22,208                (56,868)                              USD

                                                                                    995,677                 (810,462)




                                                                     Halaman - 111 - Page
1236   Menduniakan Bisnis Indonesia
Page 650
     Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                             PT BANK NEGARA           Sosial
                                                                 INDONESIA       Komitmen Tbk
                                                                             (PERSERO)                                  Laporan
      Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                                 Keuangan
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                  31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                         (Expressed in millions of Rupiah, unless otherwise stated)

11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan)                                11. DERIVATIVE RECEIVABLES AND PAYABLES
                                                                                   (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                                 a.    By type and currency (continued)

                                                                          2022
                                              Jumlah nosional                 Nilai wajar/Fair values
                                              mata uang asing
                                              (jumlah penuh)/
                                              Notional amount           Tagihan                  Liabilitas
                                                  in foreign           derivatif/                derivatif/
                                                   currency            Derivative                Derivative
         Instrumen                              (full amount)         receivables                 payables                                Instruments
         Terkait Nilai Tukar                                                                                                      Exchange Rate Related
         Kontrak berjangka - beli                                                                                                Forward contract - buy
               EUR                                    9,166,660                   1,458                         -                              EUR
               USD                                   13,933,623                     146                    (2,386)                             USD
         Kontrak berjangka - jual                                                                                                Forward contract - sell
               EUR                                    8,519,286                       -                      (322)                             EUR
               USD                                  213,878,959                  16,783                   (11,858)                             USD
         Swap mata uang asing - beli                                                                                      Foreign currency swaps - buy
               EUR                                  241,427,287                  22,520                    (4,575)                             EUR
               USD                                1,144,587,000                  14,444                   (54,680)                             USD
         Swap mata uang asing - jual                                                                                      Foreign currency swaps - sell
               AUD                                    7,000,000                       -                     (538)                              AUD
               EUR                                  234,112,280                   4,790                  (35,280)                              EUR
               GBP                                   10,000,000                       -                     (369)                              GBP
               USD                                2,073,075,398                 126,318                 (268,500)                              USD
         Spot mata uang asing - beli                                                                                       Foreign currency spots - buy
               AUD                                      250,000                      21                         -                              AUD
               EUR                                    3,200,000                     139                         -                              EUR
               GBP                                      171,000                       7                         -                              GBP
               USD                                  152,940,000                      18                   (14,341)                             USD
         Spot mata uang asing - jual                                                                                       Foreign currency spots - sell
               EUR                                    1,350,000                       1                        (1)                             EUR
               USD                                  162,680,000                  14,764                       (65)                             USD
         Terkait Nilai Tukar dan Suku Bunga                                                                          Exchange and Interest Rate Related
            Swap atas suku bunga                                                                                                    Interest rate swap
               USD                                  668,026,229                 378,399                 (366,427)                              USD
            Swap mata uang asing                                                                                           Cross currency swaps and
               dan suku bunga                                                                                                          interest rate
               USD                                  436,345,780                  97,113                   (13,547)                             USD
            Risk Free Rate                                                                                                             Risk Free Rate
               USD                                  110,874,000                   8,316                    (2,242)                             USD

                                                                                685,237                 (775,131)



     b. Berdasarkan hubungan                                                        b.    By relationship
                                                             2023                         2022
         Tagihan derivatif                                                                                                 Derivatives receivables
         Pihak berelasi                                                                                                             Related parties
           Mata uang asing                                           37,939                       4,189                         Foreign currencies

         Pihak ketiga                                                                                                                  Third parties
           Rupiah                                                    11,407                         -                                      Rupiah
           Mata uang asing                                          946,331                   681,048                           Foreign currencies
         Total                                                      995,677                   685,237                                             Total

         Liabilitas derivatif                                                                                                 Derivatives payables
         Pihak berelasi                                                                                                             Related parties
           Mata uang asing                                        (136,138)                   (118,439)                         Foreign currencies

         Pihak ketiga                                                                                                                  Third parties
           Rupiah                                                   (4,080)                          -                                     Rupiah
           Mata uang asing                                        (670,244)                   (656,692)                         Foreign currencies
         Total                                                    (810,462)                   (775,131)                                           Total


    Berdasarkan hasil penelaahan dan evaluasi                                       Based on the Bank’s management review and
    manajemen Bank, seluruh tagihan derivatif pada                                  evaluation, all derivative receivables as of
    tanggal 31 Desember 2023 dan 2022 digolongkan                                   31 December 2023 and 2022 are classified as
    lancar.                                                                         current.


                                                           Halaman - 112 - Page
                                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1237
Page 651
       Performa                   Laporan                 Profil
                                             PT BANK NEGARA                   Analisa dan Pembahasan
                                                                  INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                    Manajemen             Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                        31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

       12. PINJAMAN YANG DIBERIKAN                                             12. LOANS

            Informasi mengenai pinjaman yang diberikan                             Information related to loans to related parties are
            kepada pihak-pihak berelasi diungkapkan pada                           disclosed in Note 46i.
            Catatan 46i.

            a.    Berdasarkan jenis dan mata uang                                  a.    By type and currency

                                                               2023                     2022
                  Rupiah                                                                                                         Rupiah
                    Modal kerja                                287,568,933              271,030,818                     Working capital
                    Konsumen                                   123,294,534              106,182,759                         Consumer
                    Investasi                                   92,160,057              109,402,254                        Investment
                    Sindikasi                                   55,902,345               26,753,804                        Syndicated
                    Karyawan                                     3,633,329                4,148,178                         Employee
                    Program pemerintah                              31,380                   69,576               Government programs
                                                               562,590,578              517,587,389

                  Mata uang asing                                                                                     Foreign currencies
                    Modal kerja                                   65,317,028             79,593,302                     Working capital
                    Sindikasi                                     41,697,818             21,325,289                         Syndicated
                    Investasi                                     25,455,452             27,657,249                         Investment
                    Konsumen                                          22,480                 21,876                          Consumer
                    Karyawan                                           1,413                  3,208                          Employee
                                                               132,494,191              128,600,924
                  Total                                        695,084,769              646,188,313                                  Total
                  Cadangan kerugian                                                                                         Allowance for
                    penurunan nilai                             (47,158,131)            (50,333,988)                  impairment losses
                                                               647,926,638              595,854,325


                  Perincian   pinjaman yang   diberikan                                  Loans based on currencies are as follows:
                  berdasarkan mata uang adalah sebagai
                  berikut:

                                                               2023                     2022

                  Rupiah                                       562,590,578              517,587,389                                      Rupiah

                  Mata uang asing                                                                                      Foreign currencies
                    Dolar Amerika Serikat                      129,252,588              125,582,725                 United States Dollar
                    Dolar Singapura                              1,057,784                1,064,568                      Singapore Dollar
                    Yen Jepang                                     985,505                  871,699                        Japanese Yen
                    Euro Eropa                                     580,870                  375,844                       European Euro
                    Won Korea Selatan                              362,538                  383,459                   South Korean Won
                    Dolar Hong Kong                                229,647                  240,859                    Hong Kong Dollar
                    Yuan China                                      16,794                   80,328                        Chinese Yuan
                    Pound Sterling Inggris                           8,465                    1,442          Great Britain Pound Sterling
                                                               132,494,191              128,600,924
                  Total                                        695,084,769              646,188,313                                  Total
                  Cadangan kerugian                                                                                         Allowance for
                    penurunan nilai                             (47,158,131)            (50,333,988)                  impairment losses
                                                               647,926,638              595,854,325




                                                            Halaman - 113 - Page
1238   Menduniakan Bisnis Indonesia
Page 652
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                                Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                               Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                           31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

12. PINJAMAN YANG DIBERIKAN (lanjutan)                                  12. LOANS (continued)

    b.   Berdasarkan hubungan                                               b.    By relationship

                                                      2023                       2022

         Pihak berelasi                                                                                                     Related parties
         Rupiah                                                                                                                    Rupiah
           Modal kerja                                     65,634,971             54,430,750                              Working capital
           Sindikasi                                       33,020,748             21,368,528                                 Syndicated
           Investasi                                        7,524,152             12,117,953                                 Investment
           Karyawan                                           156,873                 95,832                                  Employee
           Konsumen                                            77,226                 99,266                                  Consumer
                                                      106,413,970                 88,112,329
         Mata uang asing                                                                                               Foreign currencies
           Modal kerja                                     15,286,941             13,554,527                             Working capital
           Sindikasi                                        4,514,580              2,829,526                                 Syndicated
           Investasi                                          143,829                229,779                                 Investment
                                                           19,945,350             16,613,832
         Total pihak berelasi                         126,359,320                104,726,161                         Total related parties


         Pihak ketiga                                                                                                          Third parties
         Rupiah                                                                                                                  Rupiah
           Modal kerja                                221,933,962                216,600,068                            Working capital
           Konsumen                                   123,217,308                106,083,493                                Consumer
           Investasi                                   84,635,905                 97,284,301                               Investment
           Sindikasi                                   22,881,597                  5,385,276                               Syndicated
           Karyawan                                     3,476,456                  4,052,346                                Employee
           Program pemerintah                              31,380                     69,576                      Government programs
                                                      456,176,608                429,475,060
         Mata uang asing                                                                                               Foreign currencies
           Modal kerja                                     50,030,087             66,038,775                             Working capital
           Sindikasi                                       37,183,238             18,495,763                                 Syndicated
           Investasi                                       25,311,623             27,427,470                                 Investment
           Konsumen                                            22,480                 21,876                                  Consumer
           Karyawan                                             1,413                  3,208                                  Employee
                                                      112,548,841                111,987,092
         Total pihak ketiga                           568,725,449                541,462,152                               Total third parties
         Total                                        695,084,769                646,188,313                                          Total
         Cadangan kerugian                                                                                                   Allowance for
           penurunan nilai                             (47,158,131)              (50,333,988)                          impairment losses
                                                      647,926,638                595,854,325
                                                                                               



    c.   Berdasarkan sektor ekonomi                                         c.    By economic sector
                                                      2023                       2022

         Rupiah                                                                                                                     Rupiah
           Perdagangan, restoran dan hotel            121,206,489                104,637,587            Trading, restaurants and hotels
           Perindustrian                               81,766,078                 81,954,469                               Manufacturing
           Konstruksi                                  54,008,973                 55,478,551                                Construction
           Pertanian                                   53,853,092                 54,047,523                                  Agriculture
           Jasa dunia usaha                            42,996,948                 38,243,520                          Business services
           Pengangkutan, pergudangan                                                                      Transportation, warehousing
              dan komunikasi                           36,666,225                 32,305,905                    and communications
           Pertambangan                                18,543,179                 12,306,796                                      Mining
           Jasa pelayanan sosial                       11,769,861                 20,884,627                              Social services
           Listrik, gas dan air                        10,031,119                  6,566,661                  Electricity, gas and water
           Lain-lain                                  131,748,614                111,161,750                                      Others
                                                      562,590,578                517,587,389




                                                    Halaman - 114 - Page
                                                                                   Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1239
Page 653
       Performa                     Laporan                 Profil
                                               PT BANK NEGARA                   Analisa dan Pembahasan
                                                                    INDONESIA (PERSERO)        Tbk                                        Fungsi
         2023                      Manajemen             Perusahaan           Manajemen atas Kinerja Bank                             Penunjang Bisnis
                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

       12. PINJAMAN YANG DIBERIKAN (lanjutan)                                        12. LOANS (continued)

            c.    Berdasarkan sektor ekonomi (lanjutan)                                  c.     By economic sector (continued)

                                                                     2023                      2022

                  Mata uang asing                                                                                                    Foreign currencies
                    Perindustrian                                     55,895,697                51,941,051                                Manufacturing
                    Pertambangan                                      30,399,528                26,755,968                                       Mining
                    Pengangkutan, pergudangan                                                                            Transportation, warehousing
                       dan komunikasi                                 12,605,182                12,656,468                     and communications
                    Listrik, gas dan air                              11,509,631                15,506,567                   Electricity, gas and water
                    Perdagangan, restoran dan hotel                    9,220,949                 5,115,132             Trading, restaurants and hotels
                    Jasa dunia usaha                                   4,191,627                 8,909,291                           Business services
                    Jasa pelayanan sosial                              2,660,966                 2,354,880                               Social services
                    Pertanian                                          2,585,254                 3,083,110                                   Agriculture
                    Konstruksi                                           435,206                   386,260                                 Construction
                    Lain-lain                                          2,990,151                 1,892,197                                       Others
                                                                     132,494,191               128,600,924
                  Total                                              695,084,769               646,188,313                                           Total
                  Cadangan kerugian                                                                                                         Allowance for
                    penurunan nilai                                  (47,158,131)              (50,333,988)                           impairment losses
                                                                     647,926,638               595,854,325


            d.    Berdasarkan penilaian secara kolektif dan                               d.       By assessment               as      collective        and
                  individual                                                                       individual

                                                                     2023                      2022

                  Pokok                                                                                                                            Principal
                    Individual                                        77,708,689                78,111,198                                     Individual
                    Kolektif                                         617,376,080               568,077,115                                     Collective
                                                                     695,084,769               646,188,313
                  Cadangan kerugian                                                                                                        Allowance for
                    penurunan nilai                                                                                                  impairment losses
                    Individual                                       (36,820,861)              (40,865,811)                                 Individual
                    Kolektif                                         (10,337,270)               (9,468,177)                                 Collective

                                                                     (47,158,131)              (50,333,988)
                                                                     647,926,638               595,854,325
                                                                                                             


            e.    Berdasarkan kolektibilitas sesuai Peraturan                            e.        By Financial            Service    Authority          Rule
                  OJK                                                                              collectibility

                                                              2023                                   2022
                                                                    Cadangan                               Cadangan
                                                                     kerugian                               kerugian
                                                                 penurunan nilai/                       penurunan nilai/
                                                                  Allowance for                          Allowance for
                                                   Pokok/          impairment           Pokok/            impairment
                                                  Principal           losses           Principal             losses

                  Lancar                           646,348,458        (15,011,241)     605,231,569          (20,266,721)                               Current
                  Dalam perhatian khusus            33,900,760        (21,536,797)      22,795,246          (15,101,672)                       Special mention
                  Kurang lancar                      2,954,368         (1,989,252)       3,123,399           (2,687,594)                         Substandard
                  Diragukan                          2,822,349         (1,994,520)       1,470,672           (1,004,969)                              Doubtful
                  Macet                              9,058,834         (6,626,321)      13,567,427          (11,273,032)                                 Loss

                                                   695,084,769        (47,158,131)     646,188,313          (50,333,988)




                                                                 Halaman - 115 - Page
1240   Menduniakan Bisnis Indonesia
Page 654
     Permodalan & Praktik            Tata Kelola     Tanggung Jawab
                                           PT BANK NEGARA           Sosial
                                                               INDONESIA       Komitmen Tbk
                                                                           (PERSERO)                                          Laporan
      Manajemen Risiko               Perusahaan         dan Lingkungan           ESG                                         Keuangan
                                             DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                        31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                          (Expressed in millions of Rupiah, unless otherwise stated)

12. PINJAMAN YANG DIBERIKAN (lanjutan)                                           12. LOANS (continued)

    f.   Pinjaman bermasalah dan cadangan                                            f.    Non-performing loans and allowance for
         kerugian penurunan nilai berdasarkan                                              impairment losses by economic sector
         sektor ekonomi

                                                         2023                                        2022
                                                                 Cadangan                                  Cadangan
                                                                  kerugian                                  kerugian
                                                              penurunan nilai/                          penurunan nilai/
                                                               Allowance for                             Allowance for
                                              Pokok/            impairment          Pokok/                impairment
                                             Principal             losses          Principal                 losses

         Perdagangan,                                                                                                                       Trading, restaurants
            restoran dan hotel                 3,764,179           (2,467,235)        5,264,399               (4,176,031)                            and hotels
         Perindustrian                         3,489,493           (2,548,143)        5,184,920               (4,697,358)                           Manufacturing
         Jasa dunia usaha                      1,711,936           (1,438,661)        1,331,615               (1,193,454)                      Business services
         Konstruksi                              853,233             (614,290)        2,004,663               (1,629,482)                             Construction
         Pertanian                               852,957             (485,270)          702,214                 (540,248)                              Agriculture
         Pertambangan                            785,105             (674,164)          525,029                 (458,641)                                  Mining
         Pengangkutan, pergudangan                                                                                                  Transportation, warehousing
            dan komunikasi                        656,816            (507,106)          690,864                 (547,576)                  and communications
         Jasa pelayanan sosial                    286,902            (158,832)          292,448                 (183,871)                          Social services
         Listrik, gas dan air                     236,446            (227,038)          240,675                 (239,757)              Electricity, gas and water
         Lain-lain                              2,198,484          (1,489,354)        1,924,671               (1,299,177)                                  Others

                                              14,835,551          (10,610,093)      18,161,498               (14,965,595)



         Rasio kredit bermasalah BNI dan Entitas Anak                                      The non-performing loans ratio of BNI
         secara gross (sebelum dikurangi cadangan                                          and Subsidiaries on a gross basis (before
         kerugian penurunan nilai) sesuai dengan                                           deducting the allowance for impairment
         peraturan OJK yang berlaku pada tanggal                                           losses) in accordance with the OJK
         31 Desember 2023 dan 2022 masing-masing                                           regulation as of 31 December 2023 and
         sebesar 2,13% dan 2,81% (rasio untuk BNI                                          2022 were 2.13% and 2.81%, respectively (the
         saja 2,14% dan 2,81% masing-masing pada                                           ratios for BNI only were 2.14% and 2.81% as
         tanggal 31 Desember 2023 dan 2022),                                               of 31 December 2023 and 2022, respectively),
         sedangkan rasio kredit bermasalah BNI dan                                         while the non-performing loans ratio of BNI
         Entitas Anak secara neto pada tanggal                                             and Subsidiaries on a net basis as of
         31 Desember 2023 dan 2022 masing-masing                                           31 December 2023 and 2022 were 0.61% and
         sebesar 0,61% dan 0,49% (rasio untuk BNI                                          0.49%, respectively (the ratios for BNI only
         saja 0,61% dan 0,49% masing-masing pada                                           were 0.61% and 0.49% as of 31 December
         tanggal 31 Desember 2023 dan 2022).                                               2023 and 2022, respectively).

    g.   Tingkat suku bunga per tahun                                                g.    Annual interest rates
                                                                 Dolar
                                                            Amerika Serikat/
                                                             United States          Yuan Cina/                   Yen Jepang/
                                        Rupiah*)                 Dollar            Chinese Yuan                 Japanese Yen
                                          %                       %                     %                             %
         Bunga kontrak                                                                                                                        Contractual rates
         2023                             0.00 - 26.62            0.00 - 11.18            6.00 - 6.00                 0.50 - 3.51                         2023
         2022                             0.10 - 26.62            0.10 - 13.13            4.75 - 6.50                 0.50 - 5.00                         2022

         Bunga efektif                                                                                                                    Effective interest rate
         2023                             0.00 - 27.00            0.10 - 11.18            5.00 - 6.00                 0.50 - 4.37                          2023
         2022                             0.00 - 27.00            0.10 - 15.00            4.75 - 6.50                 0.50 - 5.00                          2022

         *)     Tidak termasuk dalam tingkat suku bunga kontrak dan                        *)          Not included in the contractual interest rates and
                suku bunga efektif diatas adalah suku bunga dari                                       effective interest rate above are the interest rate from
                transaksi Paylater untuk tanggal 31 Desember 2023                                      Paylater transactions as of 31 December 2023 and
                dan 2022, keduanya sebesar 17,98% - 51,48%.                                            2022, both are 17.98% - 51.48%.
                                                                                                *)       Other restructuring schemes mainly includes additions
                                                                                                         of loan facilities, debt settlement agreements (PPH)
                                                                                                         and Interest Balloon Payments (IBP).




                                                             Halaman - 116 - Page
                                                                                               Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk         1241
Page 655
       Performa                     Laporan                    Profil
                                                  PT BANK NEGARA                   Analisa dan Pembahasan
                                                                       INDONESIA (PERSERO)        Tbk                                    Fungsi
         2023                      Manajemen                Perusahaan           Manajemen atas Kinerja Bank                         Penunjang Bisnis
                                                     DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                         (Expressed in millions of Rupiah, unless otherwise stated)

       12. PINJAMAN YANG DIBERIKAN (lanjutan)                                          12. LOANS (continued)

            h.    Pinjaman yang direstrukturisasi                                          h.   Restructured loans

                  Berikut ini adalah jenis dan jumlah kredit yang                               Below are the types and amounts of
                  telah direstrukturisasi per 31 Desember 2023                                  restructured loans as of 31 December 2023
                  dan 2022:                                                                     and 2022:

                                                                       2023                     2022

                  Perpanjangan jangka waktu                               25,939,841             26,100,325             Extension of loan maturity dates
                  Penurunan suku bunga kredit                             23,729,178             27,824,140                  Reduction of interest rates
                  Lainnya*)                                               26,121,994             38,134,764                                    Others*)

                                                                          75,791,013             92,059,229


                  *)   Program restrukturisasi lain-lain terutama terdiri dari                  *)     Other restructuring schemes mainly includes additions
                       penambahan fasilitas kredit, Perjanjian Penyelesaian                            of loan facilities, debt settlement agreements (PPH)
                       Hutang (PPH) dan Interest Balloon Payments (IBP).                               and Interest Balloon Payments (IBP).

                  Jumlah kredit yang telah direstrukturisasi dan                                The total of restructured loans that are
                  dalam kategori kredit bermasalah pada tanggal                                 categorised as non-performing loan amounted
                  31 Desember 2023 dan 2022 adalah masing-                                      to Rp5,428,100 and Rp10,192,217 as of
                  masing     sebesar       Rp5.428.100       dan                                31 December 2023 and 2022, respectively.
                  Rp10.192.217.

                  BNI telah melakukan restrukturisasi kredit                                    BNI has undertaken credit restructuring for
                  untuk debitur yang terdampak pandemi Covid-                                   debtors affected by the Covid-19 pandemic in
                  19 sesuai dengan Peraturan Otoritas Jasa                                      accordance with Financial Services Authority
                  Keuangan       No.17/POJK.03/2021     (POJK                                   Regulation No. 17/POJK.03/2021 (POJK
                  17/2021) tentang Perubahan Kedua Atas                                         17/2021) on the Second Amendment to
                  Peraturan Otoritas Jasa Keuangan Nomor                                        Financial Services Authority Regulation No.
                  11/POJK.03/2020         Tentang     Stimulus                                  11/POJK.03/2020       Concerning    National
                  Perekonomian Nasional Sebagai Kebijakan                                       Economic Stimulus as a Countercyclical Policy
                  Countercyclical      Dampak      Penyebaran                                   Impacting the Spread of Covid-19. This
                  Coronavirus Disease 2019, dimana peraturan                                    regulation has been extended until 31 March
                  tersebut diperpanjang sampai dengan 31                                        2024, as communicated in the Financial
                  Maret 2024 melalui Siaran Pers OJK No. SP                                     Services Authority Press Release No. SP
                  85/DHMS/OJK/XI/2022 tanggal 28 November                                       85/DHMS/OJK/XI/2022 dated 28 November
                  2022    tentang    Perpanjangan    Kebijakan                                  2022, regarding the Extension of Credit
                  Restrukturisasi Kredit dan Pembiayaan secara                                  Restructuring Policies in a Targeted and
                  Targeted dan Sektoral Atasi Dampak Lanjutan                                   Sectoral to address ongoing impacts of the
                  Pandemi Covid-19.                                                             Covid-19 pandemic.

            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 Grup dalam pinjaman sindikasi                                   Group participation in syndicated loans with
                  dengan bank-bank lain adalah sebesar                                          other banks amounted to Rp97,600,163 and
                  Rp97.600.163 dan Rp48.079.093 masing-                                         Rp48,079,093 as of 31 December 2023 and
                  masing pada tanggal 31 Desember 2023 dan                                      2022, respectively.
                  2022.




                                                                     Halaman - 117 - Page
1242   Menduniakan Bisnis Indonesia
Page 656
     Permodalan & Praktik             Tata Kelola     Tanggung Jawab
                                            PT BANK NEGARA           Sosial
                                                                INDONESIA       Komitmen Tbk
                                                                            (PERSERO)                                               Laporan
      Manajemen Risiko                Perusahaan         dan Lingkungan           ESG                                              Keuangan
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                             31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)

12. PINJAMAN YANG DIBERIKAN (lanjutan)                                                 12. LOANS (continued)

    i.   Pinjaman sindikasi (lanjutan)                                                         i.   Syndicated loans (continued)

         Persentase bagian BNI dalam pinjaman                                                       BNI’s percentage shares in syndicated loans,
         sindikasi, dimana BNI bertindak sebagai                                                    in which BNI acts as the lead arranger, is as
         pimpinan sindikasi adalah sebagai berikut                                                  follows:

                                                                         2023                       2022

         % Partisipasi                                           5.04% - 100.00%               5.04% - 83.30%                                       % Participation

         Keikutsertaan BNI dalam pinjaman sindikasi,                                                BNI’s participation in syndicated loans, in
         dimana BNI bertindak sebagai anggota                                                       which BNI acts as the syndication member, is
         sindikasi adalah sebagai berikut:                                                          as follows:

                                                                         2023                       2022

         % Partisipasi                                            0.13% - 50.00%               0.01% - 50.00%                                       % Participation

    j.   Nilai tercatat bruto dan cadangan kerugian                                            j.   Gross carrying amount and allowance for
         penurunan nilai                                                                            impairment losses

         Perubahan nilai tercatat bruto adalah sebagai                                              Movements in the gross carrying amount are
         berikut:                                                                                   as follows:

                                                                                      2023
                                                                                               Kerugian kredit
                                                                          Kerugian kredit       ekspektasian
                                                                           ekspektasian          sepanjang
                                                                             sepanjang           umurnya -
                                               Kerugian kredit           umurnya - kredit           kredit
                                               ekspektasian 12           tidak memburuk/         memburuk/
                                               bulan/12-month            Lifetime ECL Not       Lifetime ECL
                                                    ECL                   Credit-impaired      Credit-impaired       Total/Total

         Pinjaman yang diberikan                                                                                                                               Loans
         Saldo awal                                   548,586,079                64,916,819          32,685,415        646,188,313                  Beginning balance
         Pengalihan dari:                                                                                                                               Transfer from:
         - Kerugian kredit ekspektasian
           12 bulan                                       (50,507,361)           50,507,361                      -                 -                   12-month ECL-
         - Kerugian kredit ekspektasian
           Sepanjang umurnya -                                                                                                                Lifetime ECL not credit -
           kredit tidak memburuk                          27,382,099            (27,382,099)                     -                 -                       -impaired
         Pengalihan dari/ke kerugian
           kredit ekspektasian sepanjang                                                                                                                Transfer from/to
           umurnya - kredit                                                                                                                        lifetime ECL credit
           memburuk - bersih                                 (379,605)          (14,142,760)         14,522,365                  -                       impaired - net
         Pengukuran kembali bersih*)                      (84,580,425)          (29,367,056)         (3,536,324)      (117,483,805)              Net remeasurement*)
         Aset keuangan baru yang                                                                                                                  New financial assets
           diterbitkan atau dibeli                     307,227,911               30,794,438            4,363,091       342,385,440           originated or purchased
         Pembayaran penuh                             (154,760,114)              (4,339,928)          (1,831,940)     (160,931,982)                     Fully repayment
         Penghapusbukuan                                    (8,904)                (108,015)         (14,273,418)      (14,390,337)                            Write-offs
         Valuta asing dan                                                                                                                       Foreign exchange and
           perubahan lain                                   (709,396)              389,192             (362,656)          (682,860)                  other movements

                                                      592,250,284                71,267,952          31,566,533        695,084,769


         *) Termasuk di dalam pengukuran kembali bersih                                                               Including in the net remeasurement is repayment *)
            adalah pembayaran kembali.




                                                                   Halaman - 118 - Page
                                                                                                      Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk         1243
Page 657
       Performa                          Laporan                      Profil
                                                         PT BANK NEGARA                   Analisa dan Pembahasan
                                                                              INDONESIA (PERSERO)        Tbk                                                         Fungsi
         2023                           Manajemen                  Perusahaan           Manajemen atas Kinerja Bank                                              Penunjang Bisnis
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                                  NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                       FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                       31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                         (Expressed in millions of Rupiah, unless otherwise stated)

       12. PINJAMAN YANG DIBERIKAN (lanjutan)                                                         12. LOANS (continued)
            j.    Nilai tercatat bruto dan cadangan kerugian                                                  j.   Gross carrying amount and allowance for
                  penurunan nilai (lanjutan)                                                                       impairment losses (continued)
                  Perubahan nilai tercatat bruto adalah sebagai                                                    Movements in the gross carrying amount are
                  berikut: (lanjutan)                                                                              as follows: (continued)
                                                                                                     2022
                                                                                                              Kerugian kredit
                                                                                         Kerugian kredit       ekspektasian
                                                                                          ekspektasian          sepanjang
                                                                                            sepanjang           umurnya -
                                                            Kerugian kredit             umurnya - kredit           kredit
                                                            ekspektasian 12             tidak memburuk/         memburuk/
                                                            bulan/12-month              Lifetime ECL Not       Lifetime ECL
                                                                 ECL                     Credit-impaired      Credit-impaired        Total/Total
                  Pinjaman yang diberikan                                                                                                                                           Loans
                  Saldo awal                                        457,917,664                 93,256,903          31,261,663          582,436,230                      Beginning balance
                  Pengalihan dari:                                                                                                                                           Transfer from:
                  - Kerugian kredit ekspektasian
                    12 bulan                                         (40,429,326)               40,429,326                      -                     -                      12-month ECL-
                  - Kerugian kredit ekspektasian
                    sepanjang umurnya -                                                                                                                           Lifetime ECL not credit -
                    kredit tidak memburuk                            50,547,835                (50,547,835)                     -                     -                        -impaired
                  Pengalihan dari/ke kerugian
                    kredit ekspektasian sepanjang                                                                                                                           Transfer from/to
                    umurnya - kredit                                                                                                                                   lifetime ECL credit
                    memburuk - bersih                                   (175,518)              (14,591,391)         14,766,909                    -                          impaired - net
                  Pengukuran kembali bersih*)                        (97,065,722)              (15,154,675)         (2,908,989)        (115,129,386)                 Net remeasurement*)
                  Aset keuangan baru yang                                                                                                                             New financial assets
                    diterbitkan atau dibeli                         301,399,637                 17,362,538           2,938,469          321,700,644              originated or purchased
                  Pembayaran penuh                                 (132,294,503)                (7,828,708)         (1,095,683)        (141,218,894)                        Fully repayment
                  Modifikasi arus kas kontraktual                                                                                                               Modification of contractual
                    pinjaman yang diberikan                                    -                         -          (2,071,927)           (2,071,927)                 cash flows of loans
                  Penghapusbukuan                                        (27,004)                  (53,295)        (10,803,333)          (10,883,632)                              Write-offs
                  Valuta asing dan                                                                                                                                  Foreign exchange and
                    perubahan lain                                     8,713,016                 2,043,956             598,306            11,355,278                     other movements

                                                                    548,586,079                 64,916,819          32,685,415          646,188,313

                  *) Termasuk di dalam pengukuran kembali bersih adalah pembayaran                                  Including in the net remeasurement is repayment and impact of acquisition*)
                  kembali dan dampak akuisisi

                  Perubahan cadangan kerugian penurunan nilai                                                      The movements in the allowance                                         for
                  adalah sebagai berikut:                                                                          impairment losses are as follows:
                                                                                                     2023
                                                                                                              Kerugian kredit
                                                                                         Kerugian kredit       ekspektasian
                                                                                          ekspektasian          sepanjang
                                                                                            sepanjang           umurnya -
                                                            Kerugian kredit             umurnya - kredit           kredit
                                                            ekspektasian 12             tidak memburuk/         memburuk/
                                                            bulan/12-month              Lifetime ECL Not       Lifetime ECL
                                                                 ECL                     Credit-impaired      Credit-impaired        Total/Total
                  Pinjaman yang diberikan                                                                                                                                           Loans
                  Saldo awal                                           4,126,973                19,560,944          26,646,071            50,333,988                     Beginning balance
                  Pengalihan dari:                                                                                                                                           Transfer from:
                  - Kerugian kredit ekspektasian
                    12 bulan                                          (1,521,043)                1,521,043                      -                     -                      12-month ECL-
                  - Kerugian kredit ekspektasian
                    sepanjang umurnya -                                                                                                                           Lifetime ECL not credit -
                    kredit tidak memburuk                              3,096,988                (3,096,988)                     -                     -                        -impaired
                  Pengalihan dari/ke
                    kerugian kredit ekspektasian
                    sepanjang umurnya -                                                                                                                                    Transfer from/to:
                    kredit memburuk - bersih                             589,319                (5,046,193)          4,456,874                        -     Lifetime ECL credit-impaired -
                  Pengukuran kembali bersih                                                                                                                          Net remeasurement of
                    penyisihan kerugian*)                             (2,551,411)                2,233,912           6,524,986             6,207,487                      loss allowance*)
                  Aset keuangan baru yang                                                                                                                              New financial assets
                    diterbitkan atau dibeli                            1,455,725                 5,529,000           2,494,908             9,479,633              originated or purchased
                  Pembayaran penuh                                    (1,062,757)               (1,605,474)         (1,672,425)           (4,340,656)                       Fully repayment
                  Penghapusbukuan                                         (8,904)                 (108,015)        (14,273,418)          (14,390,337)                              Write-offs
                  Valuta asing dan                                                                                                                                   Foreign exchange and
                    perubahan lain                                            (8,034)               90,294             (214,244)             (131,984)                   other movements
                                                                       4,116,856                19,078,523          23,962,752            47,158,131

                  *) Termasuk di dalam pengukuran kembali bersih penyisihan                                                Including in the net remeasurement of loss allowance is repayment *)
                     kerugian, adalah pembayaran kembali.




                                                                                  Halaman - 119 - Page
1244   Menduniakan Bisnis Indonesia
Page 658
     Permodalan & Praktik             Tata Kelola     Tanggung Jawab
                                            PT BANK NEGARA           Sosial
                                                                INDONESIA       Komitmen Tbk
                                                                            (PERSERO)                                          Laporan
      Manajemen Risiko                Perusahaan         dan Lingkungan           ESG                                         Keuangan
                                             DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                       31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                          (Expressed in millions of Rupiah, unless otherwise stated)

12. PINJAMAN YANG DIBERIKAN (lanjutan)                                          12. LOANS (continued)

    j.   Nilai tercatat bruto dan cadangan kerugian                                      j.   Gross carrying amount and allowance for
         penurunan nilai (lanjutan)                                                           impairment losses (continued)

         Perubahan cadangan kerugian penurunan nilai                                          The movements in the allowance for
         adalah sebagai berikut: (lanjutan)                                                   impairment losses are as follows: (continued)

                                                                               2022
                                                                                         Kerugian kredit
                                                                   Kerugian kredit        ekspektasian
                                                                    ekspektasian           sepanjang
                                                                      sepanjang            umurnya -
                                            Kerugian kredit       umurnya - kredit            kredit
                                            ekspektasian 12       tidak memburuk/          memburuk/
                                            bulan/12-month        Lifetime ECL Not        Lifetime ECL
                                                 ECL               Credit-impaired       Credit-impaired       Total/Total

         Pinjaman yang diberikan                                                                                                                          Loans
         Saldo awal                                4,139,156              22,193,319           23,962,411         50,294,886                   Beginning balance
         Pengalihan dari:                                                                                                                          Transfer from:
         - Kerugian kredit ekspektasian
           12 bulan                                (1,166,868)             1,166,868                       -                  -                    12-month ECL-
         - Kerugian kredit ekspektasian
           sepanjang umurnya -                                                                                                           Lifetime ECL not credit -
           kredit tidak memburuk                   6,300,543              (6,300,543)                      -                  -                       -impaired
         Pengalihan dari/ke
           kerugian kredit ekspektasian
           sepanjang umurnya -                                                                                                                    Transfer from/to:
           kredit memburuk - bersih                  668,840              (7,647,936)           6,979,096                     -    Lifetime ECL credit-impaired -
         Pengukuran kembali bersih                                                                                                          Net remeasurement of
           penyisihan kerugian*)                   (6,121,523)             4,971,009            3,977,082           2,826,568                    loss allowance*)
         Aset keuangan baru yang                                                                                                            New financial assets
           diterbitkan atau dibeli                  1,938,095              5,549,696            2,536,244         10,024,035             originated or purchased
         Pembayaran penuh                          (1,641,601)              (915,350)            (450,888)        (3,007,839)                      Fully repayment
         Penghapusbukuan                              (27,004)               (53,295)         (10,803,333)       (10,883,632)                             Write-offs
         Penerimaan kembali aset
           keuangan yang telah                                                                                                            Recoveries of amounts
           dihapusbukukan                                     -                      -            677,678             677,678              previously written off
         Valuta asing dan                                                                                                                 Foreign exchange and
           perubahan lain                             37,335                597,176              (232,219)            402,292                 other movements

                                                   4,126,973              19,560,944           26,646,071         50,333,988

         *) Termasuk di dalam pengukuran kembali bersih penyisihan                               Including in the net remeasurement of loss allowance is repayment
            kerugian, adalah pembayaran kembali dan dampak akuisisi                                                                      and impact of acquisition*)


         Manajemen berpendapat bahwa jumlah                                                   Management believes that the allowance for
         cadangan kerugian penurunan nilai di atas                                            impairment losses above is adequate.
         telah memadai.

    k.   Kredit dihapusbukukan                                                           k.   Loans written off

         Kredit yang telah dihapusbukukan oleh BNI                                            The loans written off by BNI are recorded as
         dicatat sebagai kredit ekstra-komtabel di                                            extra-comptable in the administrative account.
         dalam rekening administratif.

    l.   Fasilitas pembiayaan dengan perusahaan                                          l.   Financing arrangements with multi-finance
         pembiayaan                                                                           companies

         BNI memiliki perjanjian pembiayaan dengan                                            BNI has financing arrangements with several
         beberapa    lembaga     pembiayaan   untuk                                           multi-finance companies with respect to motor
         membiayai kepemilikan kendaraan bermotor                                             vehicles      financing    amounting       to
         sebesar   Rp2.798.494     dan Rp2.473.242                                            Rp2,798,494 and Rp2,473,242 as of 31
         masing-masing pada tanggal 31 Desember                                               December 2023 and 2022, respectively.
         2023 dan 2022.




                                                           Halaman - 120 - Page
                                                                                               Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk           1245
Page 659
       Performa                          Laporan                  Profil
                                                     PT BANK NEGARA                   Analisa dan Pembahasan
                                                                          INDONESIA (PERSERO)        Tbk                                  Fungsi
         2023                           Manajemen              Perusahaan           Manajemen atas Kinerja Bank                       Penunjang Bisnis
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                     FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                     31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)

       12. PINJAMAN YANG DIBERIKAN (lanjutan)                                               12. LOANS (continued)

            m. Informasi pokok lainnya sehubungan                                               m. Other significant information relating to
               dengan pinjaman yang diberikan                                                      loans

                  Grup memiliki agunan atas pinjaman yang                                            The Group holds collateral against loans in the
                  diberikan dalam bentuk kas, deposito, agunan                                       form of cash, deposits, registered mortgages,
                  yang diikat dengan hipotik, garansi serta                                          guarantees and other assets held as
                  jaminan dalam bentuk aset lainnya.                                                 collaterals.

                  Pinjaman karyawan adalah pinjaman yang                                             Loans to employees which carried interest rate
                  diberikan kepada karyawan dengan tingkat                                           of 3% - 5% per annum are intended for
                  bunga sebesar 3% - 5% per tahun yang                                               purchase of houses and other necessities with
                  ditujukan untuk pembelian rumah dan                                                1 year to 20 years period. The loan principal
                  keperluan lainnya dengan jangka waktu                                              and interest payments are settled through
                  berkisar antara 1 tahun sampai 20 tahun.                                           monthly payroll deductions.
                  Pembayaran pokok pinjaman dan bunga
                  dilunasi melalui pemotongan gaji setiap bulan.

                  Pada tanggal 31 Desember 2023 dan                                                  As of 31 December 2023 and 2022, there is
                  2022, tidak terdapat pelanggaran maupun                                            neither any breach nor violation of Legal
                  pelampauan Batas Maksimum Pemberian                                                Lending Limit (LLL) to related parties and third
                  Kredit (BMPK) kepada pihak berelasi dan                                            parties as required by Regulation of Financial
                  pihak ketiga sesuai dengan peraturan yang                                          Services Authority.
                  ditetapkan Otoritas Jasa Keuangan.


       13. OBLIGASI PEMERINTAH                                                              13. GOVERNMENT BONDS

            Informasi   mengenai     Obligasi                       Pemerintah                  Information related to Government Bonds are
            diungkapkan pada Catatan 46e.                                                       disclosed in Note 46e.

            a.    Berdasarkan jenis dan mata uang                                               a.   By type and currency

                                                                     2023                                2022

                                                           Nilai              Nilai             Nilai             Nilai
                                                         Nominal/           Tercatat/         Nominal/          Tercatat/
                                                         Nominal            Carrying          Nominal           Carrying
                                                          Value              Value             Value             Value


                  Nilai wajar melalui laba rugi                                                                                 Fair value through profit or loss

                  Rupiah                                                                                                                                   Rupiah
                  Tingkat bunga tetap                       3,917,793           4,013,012        1,787,247         1,768,312                             Fixed rate


                  Mata uang asing                                                                                                          Foreign currencies
                  Tingkat bunga tetap                        176,681             174,760             7,395              6,741                            Fixed rate

                  Total nilai wajar melalui                                                                                             Total fair value through
                     laba rugi                              4,094,474           4,187,772        1,794,642         1,775,053                    profit or loss



                  Nilai wajar melalui penghasilan                                                                                      Fair value through other
                     komprehensif lain                                                                                               comprehensive income

                  Rupiah                                                                                                                                 Rupiah
                  Tingkat bunga tetap                     66,611,736          67,784,249        62,445,623        63,188,504                           Fixed rate
                  Tingkat bunga mengambang                   100,000              99,957           100,000            99,907                        Floating rate

                                                           66,711,736         67,884,206        62,545,623        63,288,411


                  Mata uang asing                                                                                                            Foreign currencies
                  Tingkat bunga tetap                      19,643,203         18,665,126        20,239,117        19,039,776                          Fixed rate


                  Total nilai wajar melalui                                                                                             Total fair value through
                     penghasilan komprehensif lain         86,354,939         86,549,332        82,784,740        82,328,187    other comprehensive income




                                                                        Halaman - 121 - Page
1246   Menduniakan Bisnis Indonesia
Page 660
     Permodalan & Praktik               Tata Kelola     Tanggung Jawab
                                              PT BANK NEGARA           Sosial
                                                                  INDONESIA       Komitmen Tbk
                                                                              (PERSERO)                                                  Laporan
      Manajemen Risiko                  Perusahaan         dan Lingkungan           ESG                                                 Keuangan
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)

13. OBLIGASI PEMERINTAH (lanjutan)                                                      13. GOVERNMENT BONDS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                                             a.     By type and currency (continued)
                                                            2023                                          2022
                                                  Nilai                Nilai                    Nilai                  Nilai
                                                Nominal/             Tercatat/                Nominal/               Tercatat/
                                                Nominal              Carrying                 Nominal                Carrying
                                                 Value                Value                    Value                  Value

         Biaya perolehan diamortisasi                                                                                                                        Amortised cost

         Rupiah                                                                                                                                                      Rupiah
         Tingkat bunga tetap, setelah                                                                                                                             Fixed rate,
            diskonto/premi yang belum                                                                                                                  net of unamortized
            diamortisasi, sebesar Rp2.150.144                                                                                           discount/premium of Rp2,150,144
            per 31 Desember 2023 dan                                                                                                         as of 31 December 2023 and
            Rp1.931.399 per 31 Desember 2022     21,255,598              23,405,742             21,615,806             23,547,205    Rp1,931,399 as of 31 December 2022


         Mata uang asing                                                                                                                                 Foreign currencies
         Tingkat bunga tetap,                                                                                                                                     Fixed rate,
            setelah diskonto/premi yang belum                                                                                                net of unamortized discount/
            diamortisasi sebesar Rp81.819                                                                                                     premium of Rp81,819 as of
            per 31 Desember 2023 dan                                                                                                   31 December 2023 and Rp155,101
            Rp155.101 per 31 Desember 2022       12,875,704              12,957,523             13,499,701             13,641,813                as of 31 December 2022

         Total biaya perolehan diamortisasi       34,131,302             36,363,265             35,115,507             37,189,018                      Total amortised cost

         Total Obligasi Pemerintah                                      127,100,369                                   121,292,258                  Total Government Bonds
         Cadangan kerugian penurunan nilai                                  (1,504)                                        (1,391)           Allowance for impairment losses

         Obligasi Pemerintah - bersih                                   127,098,865                                   121,290,867                  Government Bonds - net


         Jumlah nominal Obligasi Pemerintah yang                                                       The total outstanding nominal amount of
         diterima BNI dari program rekapitalisasi                                                      Government Bonds received by BNI from the
         masing-masing sebesar Rp100.000 pada                                                          recapitalization    program amounted    to
         tanggal 31 Desember 2023 dan 2022.                                                            Rp100,000 as of 31 December 2023 and
                                                                                                       2022, respectively.

         Jumlah     Obligasi     Pemerintah       yang                                                The total Government Bonds at fair value
         dikelompokkan sebagai nilai wajar melalui                                                    through other comprehensive income sold
         penghasilan komprehensif lain yang dijual                                                    during the current year are as follows:
         selama tahun berjalan adalah sebagai berikut:
                                                     Total dijual/                  Kepada pihak ketiga/
                                                        Sold                          To third parties
                                                    Nilai nominal/        Nilai nominal/              Harga jual/
                                                    Nominal value         Nominal value              Selling price
         2023                                              12,601,328             7,818,999                   8,111,514                                                 2023
         2022                                              26,304,779            18,501,068                  19,668,485                                                 2022


         Jumlah nilai nominal Obligasi Pemerintah yang                                                 Total nominal amount of Government Bonds
         telah jatuh tempo pada 31 Desember 2023                                                       which    have   matured    amounted   to
         dan 2022 masing-masing adalah sebesar                                                         Rp10,467,207 and Rp4,493,351 as of 31
         Rp10.467.207 dan Rp4.493.351.                                                                 December 2023 and 2022, respectively.

         Untuk tingkat bunga tetap, harga pasar                                                        For fixed interest rate bonds, the market price
         Obligasi Pemerintah berkisar antara 73,91%                                                    of Government Bonds ranged from 73.91% to
         sampai dengan 132,33% dan antara 71,90%                                                       132.33% and from 71.90% to 130.68% as
         sampai dengan 130,68% masing-masing pada                                                      of 31 December 2023 and 2022, respectively.
         tanggal 31 Desember 2023 dan 2022.

         Untuk obligasi tingkat bunga mengambang,                                                      For floating interest rate bonds, the market
         harga pasar Obligasi Pemerintah adalah                                                        price of Government Bonds is 99.96% as of
         99,96% pada tanggal 31 Desember 2023 dan                                                      31 December 2023 and 99.91% as of
         99,91% pada tanggal 31 Desember 2022 dari                                                     31 December 2022 of the nominal amounts.
         nilai nominal.




                                                                Halaman - 122 - Page
                                                                                                         Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk          1247
Page 661
       Performa                         Laporan                      Profil
                                                        PT BANK NEGARA                   Analisa dan Pembahasan
                                                                             INDONESIA (PERSERO)        Tbk                                                   Fungsi
         2023                          Manajemen                  Perusahaan           Manajemen atas Kinerja Bank                                        Penunjang Bisnis
                                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                     (Expressed in millions of Rupiah, unless otherwise stated)

       13. OBLIGASI PEMERINTAH (lanjutan)                                                        13. GOVERNMENT BONDS (continued)
            a.    Berdasarkan jenis dan mata uang (lanjutan)                                               a.   By type and currency (continued)
                  BNI mengakui adanya keuntungan atau                                                           BNI recognized the unrealized gains or losses
                  kerugian yang belum direalisasi atas                                                          from the changes in the market value of the
                  perubahan nilai pasar Obligasi Pemerintah                                                     Government Bonds categorized as fair value
                  dalam    kelompok     nilai  wajar    melalui                                                 through other comprehensive income (net of
                  penghasilan komprehensif lain (bersih setelah                                                 taxes) in the amount of Rp742,928 (gain) and
                  pajak) sebesar Rp742.928 (laba) dan                                                           Rp3,561,533 (loss) for the year ended
                  Rp3.561.533 (rugi) masing-masing untuk                                                        31 December 2023 and 2022, respectively,
                  tahun    yang    berakhir    pada     tanggal                                                 both recorded in the equity section of the
                  31 Desember 2023 dan 2022 yang dicatat                                                        consolidated statement of financial position.
                  pada bagian ekuitas laporan posisi keuangan
                  konsolidasian.
                  Pada 31 Desember 2023 dan 2022, Obligasi                                                      As of 31 December 2023 and 2022, the fixed
                  Pemerintah dengan tingkat bunga tetap                                                         rate government bonds have been sold under
                  dengan jumlah nominal Rp7.691.569 dan                                                         agreements to repurchase at maturity with
                  Rp3.331.098 telah dijual dengan janji dibeli                                                  nominal amount of Rp7,691,569 and
                  kembali hingga jatuh tempo (lihat Catatan 24).                                                Rp3,331,098, respectively (refer to Note 24).
            b.    Berdasarkan kisaran tanggal jatuh tempo                                                  b.   Based on maturity date and type of interest
                  dan jenis bunga                                                                               rate
                                                                                             2023
                  Nilai wajar melalui laba rugi                                                                                            Fair value through profit of loss
                      Obligasi tingkat bunga tetap                                 04/01/2024 - 12/03/2071                                              Fixed rate bonds
                  Nilai wajar melalui penghasilan                                                                                                 Fair value through other
                      komprehensif lain                                                                                                          comprehensive income
                      Obligasi tingkat bunga tetap                                 15/01/2024 - 15/08/2051                                              Fixed rate bonds
                      Obligasi tingkat bunga mengambang                                  25/04/2025                                                  Floating rate bonds
                  Biaya perolehan diamortisasi                                                                                                              Amortized cost
                       Obligasi tingkat bunga tetap                                05/01/2024 - 15/05/2048                                              Fixed rate bonds


                                                                                             2022
                  Nilai wajar melalui laba rugi                                                                                            Fair value through profit of loss
                      Obligasi tingkat bunga tetap                                 04/01/2023 - 12/03/2071                                              Fixed rate bonds
                  Nilai wajar melalui penghasilan                                                                                                 Fair value through other
                      komprehensif lain                                                                                                          comprehensive income
                      Obligasi tingkat bunga tetap                                 15/04/2023 - 15/07/2038                                              Fixed rate bonds
                      Obligasi tingkat bunga mengambang                                  25/04/2025                                                  Floating rate bonds
                  Biaya perolehan diamortisasi                                                                                                              Amortized cost
                       Obligasi tingkat bunga tetap                                01/03/2023 - 15/05/2037                                              Fixed rate bonds

            c.    Nilai tercatat bruto dan cadangan kerugian                                               c.   Gross carrying amount and allowance for
                  penurunan nilai                                                                               impairment losses
                  Perubahan nilai tercatat bruto adalah sebagai                                                 Movements in the gross carrying amount are
                  berikut:                                                                                      as follows:
                                                                                                2023
                                                                                                           Kerugian kredit
                                                                                     Kerugian kredit        ekspektasian
                                                                                      ekspektasian           sepanjang
                                                                                        sepanjang            umurnya -
                                                           Kerugian kredit          umurnya - kredit            kredit
                                                           ekspektasian 12          tidak memburuk/          memburuk/
                                                           bulan/12-month           Lifetime ECL Not        Lifetime ECL
                                                                ECL                  Credit-impaired       Credit-impaired       Total/Total
                  Obligasi Pemerintah yang
                   diukur pada biaya                                                                                                                         Government Bond at
                   perolehan diamortisasi                                                                                                                         amortized cost
                  Saldo awal                                         37,189,018                        -                     -      37,189,018                   Beginning balance
                  Pengukuran kembali bersih*)                        (2,061,543)                       -                     -      (2,061,543)               Net remeasurement*)
                  Aset keuangan baru yang                                                                                                                      New financial assets
                   diterbitkan atau dibeli                            1,382,109                        -                     -       1,382,109           originated or purchased
                  Valuta asing dan                                                                                                                           Foreign exchange and
                   perubahan lain                                      (146,319)                       -                     -        (146,319)                 other movements

                                                                     36,363,265                        -                 -          36,363,265

                  *) Termasuk di dalam pengukuran kembali bersih adalah penjualan Obligasi                             Including in the net measurement is sales of Government Bonds *)
                  Pemerintah




                                                                               Halaman - 123 - Page
1248   Menduniakan Bisnis Indonesia
Page 662
     Permodalan & Praktik                Tata Kelola     Tanggung Jawab
                                               PT BANK NEGARA           Sosial
                                                                   INDONESIA       Komitmen Tbk
                                                                               (PERSERO)                                                Laporan
      Manajemen Risiko                   Perusahaan         dan Lingkungan           ESG                                               Keuangan
                                                     DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)

13. OBLIGASI PEMERINTAH (lanjutan)                                                      13. GOVERNMENT BONDS (continued)

    c.   Nilai tercatat bruto dan cadangan kerugian                                                c.   Gross carrying amount and allowance for
         penurunan nilai (lanjutan)                                                                     impairment losses (continued)

         Perubahan nilai tercatat bruto adalah sebagai                                                  Movements in the gross carrying amount are
         berikut: (lanjutan)                                                                            as follows: (continued)

                                                                                       2023
                                                                                                   Kerugian kredit
                                                                            Kerugian kredit         ekspektasian
                                                                             ekspektasian            sepanjang
                                                                               sepanjang             umurnya -
                                                   Kerugian kredit         umurnya - kredit             kredit
                                                   ekspektasian 12         tidak memburuk/           memburuk/
                                                   bulan/12-month          Lifetime ECL Not         Lifetime ECL
                                                        ECL                 Credit-impaired        Credit-impaired       Total/Total

         Obligasi Pemerintah yang
          diukur pada nilai wajar                                                                                                                     Government Bond at
          melalui penghasilan                                                                                                                  fair value through other
          komprehensif lain                                                                                                                    comprehensive income
         Saldo awal                                         82,328,187                        -                      -      82,328,187                    Beginning balance
         Pengukuran kembali bersih*)                       (18,285,352)                        -                     -     (18,285,352)                Net remeasurement*)
         Aset keuangan baru yang                                                                                                                        New financial assets
          diterbitkan atau dibeli                           24,012,908                        -                      -      24,012,908            originated or purchased
         Pembayaran penuh                                   (1,065,523)                       -                      -      (1,065,523)                      Fully repayment
         Valuta asing dan                                                                                                                             Foreign exchange and
          perubahan lain                                       (440,888)                      -                      -        (440,888)                  other movements

                                                            86,549,332                        -                      -      86,549,332


         *) Termasuk di dalam pengukuran kembali bersih adalah penjualan Obligasi                               Including in the net measurement is sales of Government Bonds*)
         Pemerintah


                                                                                       2022
                                                                                                   Kerugian kredit
                                                                            Kerugian kredit         ekspektasian
                                                                             ekspektasian            sepanjang
                                                                               sepanjang             umurnya -
                                                   Kerugian kredit         umurnya - kredit             kredit
                                                   ekspektasian 12         tidak memburuk/           memburuk/
                                                   bulan/12-month          Lifetime ECL Not         Lifetime ECL
                                                        ECL                 Credit-impaired        Credit-impaired       Total/Total

         Obligasi Pemerintah yang
          diukur pada biaya                                                                                                                          Government Bond at
          perolehan diamortisasi                                                                                                                          amortized cost
         Saldo awal                                         22,120,716                        -                  -          22,120,716                   Beginning balance
         Pengukuran kembali bersih*)                          (408,317)                       -                   -           (408,317)               Net remeasurement*)
         Aset keuangan baru yang                                                                                                                       New financial assets
          diterbitkan atau dibeli                           14,445,001                        -                      -      14,445,001           originated or purchased
         Valuta asing dan                                                                                                                            Foreign exchange and
          perubahan lain                                     1,031,618                        -                      -       1,031,618                  other movements

                                                            37,189,018                        -                  -          37,189,018


         *) Termasuk di dalam pengukuran kembali bersih adalah penjualan Obligasi                              Including in the net measurement is sales of Government Bonds *)
         Pemerintah




                                                                      Halaman - 124 - Page
                                                                                                         Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk            1249
Page 663
       Performa                         Laporan                      Profil
                                                        PT BANK NEGARA                   Analisa dan Pembahasan
                                                                             INDONESIA (PERSERO)        Tbk                                                  Fungsi
         2023                          Manajemen                  Perusahaan           Manajemen atas Kinerja Bank                                       Penunjang Bisnis
                                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                            NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                 FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                 31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)

       13. OBLIGASI PEMERINTAH (lanjutan)                                                      13. GOVERNMENT BONDS (continued)

            c.    Nilai tercatat bruto dan cadangan kerugian                                              c.   Gross carrying amount and allowance for
                  penurunan nilai (lanjutan)                                                                   impairment losses (continued)

                  Perubahan nilai tercatat bruto adalah sebagai                                                Movements in the gross carrying amount are
                  berikut: (lanjutan)                                                                          as follows: (continued)

                                                                                              2022
                                                                                                          Kerugian kredit
                                                                                   Kerugian kredit         ekspektasian
                                                                                    ekspektasian            sepanjang
                                                                                      sepanjang             umurnya -
                                                            Kerugian kredit       umurnya - kredit             kredit
                                                            ekspektasian 12       tidak memburuk/           memburuk/
                                                            bulan/12-month        Lifetime ECL Not         Lifetime ECL
                                                                 ECL               Credit-impaired        Credit-impaired       Total/Total

                  Obligasi Pemerintah yang
                   diukur pada nilai wajar                                                                                                                   Government Bond at
                   melalui penghasilan                                                                                                                fair value through other
                   komprehensif lain                                                                                                                  comprehensive income
                  Saldo awal                                        85,197,658                       -                      -      85,197,658                    Beginning balance
                  Pengukuran kembali bersih*)                      (30,192,129)                       -                     -     (30,192,129)                Net remeasurement*)
                  Aset keuangan baru yang                                                                                                                      New financial assets
                   diterbitkan atau dibeli                         26,794,116                        -                      -      26,794,116            originated or purchased
                  Pembayaran penuh                                 (1,152,099)                       -                      -      (1,152,099)                      Fully repayment
                  Valuta asing dan                                                                                                                           Foreign exchange and
                   perubahan lain                                   1,680,641                        -                      -       1,680,641                   other movements

                                                                   82,328,187                        -                      -      82,328,187

                  *) Termasuk di dalam pengukuran kembali bersih                                                       Including in the net measurement is sales of Government Bonds*)
                     adalah penjualan Obligasi Pemerintah


                  Perubahan cadangan kerugian penurunan nilai                                                  The movements in the allowance                                    for
                  adalah sebagai berikut:                                                                      impairment losses are as follows:

                                                                                              2023
                                                                                                          Kerugian kredit
                                                                                   Kerugian kredit         ekspektasian
                                                                                    ekspektasian            sepanjang
                                                                                      sepanjang             umurnya -
                                                            Kerugian kredit       umurnya - kredit             kredit
                                                            ekspektasian 12       tidak memburuk/           memburuk/
                                                            bulan/12-month        Lifetime ECL Not         Lifetime ECL
                                                                 ECL               Credit-impaired        Credit-impaired       Total/Total

                  Obligasi Pemerintah yang
                   diukur pada biaya biaya                                                                                                                  Government Bond at
                   perolehan diamortisasi                                                                                                                        amortized cost
                  Saldo awal                                            1,391                        -                      -            1,391                  Beginning balance
                  Pengukuran kembali bersih                                                                                                                 Net remeasurement of
                   penyisihan kerugian                                    (172)                      -                      -             (172)                  loss allowances
                  Aset keuangan baru yang                                                                                                                     New financial assets
                   diterbitkan atau dibeli                                293                        -                      -              293          originated or purchased
                  Valuta asing dan                                                                                                                          Foreign exchange and
                   perubahan lain                                           (8)                      -                      -                 (8)              other movements

                                                                        1,504                        -                      -            1,504




                                                                            Halaman - 125 - Page
1250   Menduniakan Bisnis Indonesia
Page 664
     Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                             PT BANK NEGARA           Sosial
                                                                 INDONESIA       Komitmen Tbk
                                                                             (PERSERO)                                                Laporan
      Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                                               Keuangan
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                              31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                            (Expressed in millions of Rupiah, unless otherwise stated)

13. OBLIGASI PEMERINTAH (lanjutan)                                                13. GOVERNMENT BONDS (continued)

    c.   Nilai tercatat bruto dan cadangan kerugian                                         c.   Gross carrying amount and allowance for
         penurunan nilai (lanjutan)                                                              impairment losses (continued)

         Perubahan cadangan kerugian penurunan nilai                                             The movements in the allowance for
         adalah sebagai berikut: (lanjutan)                                                      impairment losses are as follows: (continued)

                                                                                 2023
                                                                                            Kerugian kredit
                                                                      Kerugian kredit        ekspektasian
                                                                       ekspektasian           sepanjang
                                                                         sepanjang            umurnya -
                                               Kerugian kredit       umurnya - kredit            kredit
                                               ekspektasian 12       tidak memburuk/          memburuk/
                                               bulan/12-month        Lifetime ECL Not        Lifetime ECL
                                                    ECL               Credit-impaired       Credit-impaired          Total/Total*)

         Obligasi Pemerintah yang
          diukur pada nilai wajar                                                                                                                Government Bond at
          melalui penghasilan                                                                                                             fair value through other
          komprehensif lain                                                                                                               comprehensive income
         Saldo awal                                        2,558                        -                        -            2,558                  Beginning balance
         Pengukuran kembali bersih                                                                                                               Net remeasurement of
            penyisihan kerugian                             (545)                       -                        -             (545)                  loss allowances
         Aset keuangan baru yang                                                                                                                   New financial assets
          diterbitkan atau dibeli                                -                      -                        -                   -       originated or purchased
         Pembayaran penuh                                        -                      -                        -                   -                  Fully repayment
         Valuta asing dan                                                                                                                        Foreign exchange and
          perubahan lain                                      (33)                      -                        -               (33)               other movements

                                                           1,980                        -                        -            1,980

          ΎͿ                                                                                   ΎͿ
                 Cadangan kerugian penurunan nilai pada Obligasi                                        Allowance for impairment losses on Government Bonds
                 Pemerintah dengan klasifikasi nilai wajar melalui                                      classified as fair value through other comprehensive
                 penghasilan komprehensif lain dicatat pada penghasilan                                 income is recorded in other comprehensive income,
                 komprehensif lain, karena nilai tercatatnya disajikan                                  because the carrying value is presented at fair value.
                 sebesar nilai wajarnya.

                                                                                 2022
                                                                                            Kerugian kredit
                                                                      Kerugian kredit        ekspektasian
                                                                       ekspektasian           sepanjang
                                                                         sepanjang            umurnya -
                                               Kerugian kredit       umurnya - kredit            kredit
                                               ekspektasian 12       tidak memburuk/          memburuk/
                                               bulan/12-month        Lifetime ECL Not        Lifetime ECL
                                                    ECL               Credit-impaired       Credit-impaired          Total/Total

         Obligasi Pemerintah yang
          diukur pada biaya biaya                                                                                                               Government Bond at
          perolehan diamortisasi                                                                                                                     amortized cost
         Saldo awal                                        1,649                        -                        -            1,649                 Beginning balance
         Pengukuran kembali bersih                                                                                                              Net remeasurement of
          penyisihan kerugian                              (1,314)                      -                        -            (1,314)                loss allowances
         Aset keuangan baru yang                                                                                                                  New financial assets
          diterbitkan atau dibeli                            874                        -                        -              874         originated or purchased
         Valuta asing dan                                                                                                                       Foreign exchange and
          perubahan lain                                     182                        -                        -              182                other movements

                                                           1,391                        -                        -            1,391




                                                               Halaman - 126 - Page
                                                                                                        Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk     1251
Page 665
       Performa                         Laporan                    Profil
                                                      PT BANK NEGARA                   Analisa dan Pembahasan
                                                                           INDONESIA (PERSERO)        Tbk                                                  Fungsi
         2023                          Manajemen                Perusahaan           Manajemen atas Kinerja Bank                                       Penunjang Bisnis
                                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                               NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                    FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                    31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                   (Expressed in millions of Rupiah, unless otherwise stated)

       13. OBLIGASI PEMERINTAH (lanjutan)                                                       13. GOVERNMENT BONDS (continued)

            c.    Nilai tercatat bruto dan cadangan kerugian                                            c.   Gross carrying amount and allowance for
                  penurunan nilai (lanjutan)                                                                 impairment losses (continued)

                  Perubahan cadangan kerugian penurunan nilai                                                The movements in the allowance for
                  adalah sebagai berikut: (lanjutan)                                                         impairment losses are as follows: (continued)

                                                                                               2022
                                                                                                        Kerugian kredit
                                                                                  Kerugian kredit        ekspektasian
                                                                                   ekspektasian           sepanjang
                                                                                     sepanjang            umurnya -
                                                          Kerugian kredit        umurnya - kredit            kredit
                                                          ekspektasian 12        tidak memburuk/          memburuk/
                                                          bulan/12-month         Lifetime ECL Not        Lifetime ECL
                                                               ECL                Credit-impaired       Credit-impaired           Total/Total*)

                  Obligasi Pemerintah yang
                   diukur pada nilai wajar                                                                                                                  Government Bond at
                   melalui penghasilan                                                                                                               fair value through other
                   komprehensif lain                                                                                                                 comprehensive income
                  Saldo awal                                         3,432                          -                         -            3,432                Beginning balance
                  Pengukuran kembali bersih                                                                                                                 Net remeasurement of
                     penyisihan kerugian                             (1,422)                        -                         -            (1,422)               loss allowances
                  Aset keuangan baru yang                                                                                                                     New financial assets
                   diterbitkan atau dibeli                             239                          -                         -              239        originated or purchased
                  Pembayaran penuh                                      (5)                         -                         -               (5)                  Fully repayment
                  Valuta asing dan                                                                                                                          Foreign exchange and
                   perubahan lain                                      314                          -                         -              314               other movements

                                                                     2,558                          -                         -            2,558

                  ΎͿ                                                                                       ΎͿ
                         Cadangan kerugian penurunan nilai pada Obligasi                                            Allowance for impairment losses on Government Bonds
                         Pemerintah dengan klasifikasi nilai wajar melalui                                          classified as fair value through other comprehensive
                         penghasilan komprehensif lain dicatat pada penghasilan                                     income is recorded in other comprehensive income,
                         komprehensif lain, karena nilai tercatatnya disajikan                                      because the carrying value is presented at fair value.
                         sebesar nilai wajarnya.

                  Manajemen berpendapat bahwa jumlah                                                         Management believes that the allowance for
                  cadangan kerugian penurunan nilai di atas                                                  impairment losses above is adequate.
                  telah memadai.

            d.    Tingkat suku bunga tetap tahunan                                                      d.   Annual fixed interest rates
                                                                     Dolar
                                                                Amerika Serikat/
                                                                 United States         Dolar Singapura/       Euro Eropa/             Yen Jepang/
                                                 Rupiah             Dollar             Singapore Dollar      European Euro           Japanese Yen
                                                   %                  %                       %                   %                        %

                  Suku bunga:                                                                                                                                         Interest rate:
                  2023                         3.88 - 12.00        0.50 - 7.75            0.50 - 1.25           0.90 - 1.75            0.57 - 3.00                            2023
                  2022                         4.00 - 12.00        0.13 - 7.75               1.25               0.90 - 1.75            0.57 - 3.00                            2022


            e.    Tingkat suku bunga mengambang tahunan                                                 e.   Annual floating interest rates
                                                                         Tingkat suku bunga per tahun/
                                                                              Annual interest rates

                  2023                                                                     4.54                                                                              2023
                  2022                                                                  3.45 - 4.33                                                                          2022




                                                                         Halaman - 127 - Page
1252   Menduniakan Bisnis Indonesia
Page 666
     Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                                Laporan
      Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                               Keuangan
                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

14. EFEK-EFEK YANG DIBELI DENGAN JANJI                                 14. SECURITIES     PURCHASED                                   UNDER
    DIJUAL KEMBALI                                                         AGREEMENTS TO RESELL

    Efek-efek yang dibeli dengan janji dijual kembali                          Securities purchased under agreements to resell
    pada tanggal 31 Desember 2023 dan 2022 terdiri                             as of 31 December 2023 and 2022 are as follows:
    dari:

                                                                     2023
                                                                                                                    Pendapatan
                                                                                                       Nilai        Bunga yang
                                   Jenis          Nilai                                              Penjualan         Belum           Nilai
                                 Sekuritas/     Nominal/                        Tanggal Jatuh        Kembali/       Direalisasi/     Tercatat/
                                  Type of       Nominal     Tanggal Dimulai/       Tempo/              Resale       Unrealised       Carrying
          Counterparty           Securities     Amount         Start Date       Maturity Date         Amount          Interest        Value


    Pihak ketiga/Third parties
    Bank Indonesia                   OBN        3,000,000     29/12/2023         05/01/2024             2,850,197           2,847     2,847,350
    Bank Indonesia                   OBN        2,000,000     29/12/2023         05/01/2024             1,905,534           1,904     1,903,630
    Bank Indonesia                   OBN        1,662,000     29/12/2023         05/01/2024             1,583,499           1,582     1,581,917
    Bank Indonesia                   OBN        1,338,000     29/12/2023         05/01/2024             1,271,188           1,270     1,269,918
    Bank Indonesia                   OBN        1,000,000     29/12/2023         05/01/2024               959,212           1,118       958,094
    Bank Indonesia                   OBN          800,000     28/12/2023         04/01/2024               771,114             898       770,216
    Bank Indonesia                   OBN          800,000     27/12/2023         03/01/2024               766,999             894       766,105
    Bank Indonesia                   OBN          700,000     03/03/2023         01/03/2024               691,222           7,449       683,773
    Bank Indonesia                   OBN          500,000     17/02/2023         16/02/2024               498,290           4,169       494,121
    Bank Indonesia                   OBN          300,000     28/12/2023         04/01/2024               288,369             239       288,130
    Bank Indonesia                   OBN          300,000     27/12/2023         03/01/2024               287,625             192       287,433
    Bank Indonesia                   OBN          250,000     24/02/2023         23/02/2024               249,505          15,830       233,675
    PT Bank CIMB Niaga Tbk           OBN          200,000     12/10/2023         11/01/2024               197,501             418       197,083
    HSBC Ltd                         OBN          148,372     26/12/2023         25/01/2024               149,034              88       148,946
    DBS Bank Ltd                     OBN          147,965     22/12/2023         05/01/2024               148,272             529       147,743
    PT Bank CIMB Niaga Tbk           OBN          100,000     12/10/2023         11/01/2024                98,751             209        98,542
    Bank Indonesia                   OBN          100,000     23/06/2023         21/06/2024               102,715           6,243        96,472
    Bank Indonesia                   OBN          100,000     18/08/2023         16/08/2024               102,305           6,227        96,078
    Bank Indonesia                   OBN          100,000     21/07/2023         19/07/2024               101,746           6,193        95,553
    Bank Indonesia                   OBN          100,000     17/02/2023         16/02/2024                99,370           6,305        93,065
    Bank Indonesia                   OBN           50,000     18/08/2023         17/05/2024                50,559           2,340        48,219
    Bank Indonesia                   OBN           50,000     04/08/2023         03/05/2024                50,428           2,334        48,094
    Bank Indonesia                   OBN           50,000     04/08/2023         02/08/2024                50,848           3,095        47,753
    Bank Indonesia                   OBN           50,000     10/02/2023         09/02/2024                50,946           3,232        47,714
    Bank Indonesia                   OBN           50,000     18/08/2023         16/02/2024                49,157           1,518        47,639
    Bank Indonesia                   OBN           50,000     07/07/2023         05/07/2024                50,565           3,073        47,492
    Bank Indonesia                   OBN           50,000     09/06/2023         07/06/2024                49,837           2,984        46,853
    Bank Indonesia                   OBN           50,000     04/08/2023         02/02/2024                48,343           1,499        46,844
    Bank Indonesia                   OBN           50,000     28/04/2023         26/01/2024                49,129           2,308        46,821
    Bank Indonesia                   OBN           50,000     09/06/2023         08/03/2024                48,971           2,233        46,738
    Bank Indonesia                   OBN           50,000     14/07/2023         12/04/2024                48,842           2,260        46,582
    Bank Indonesia                   OBN           50,000     31/03/2023         01/04/2024                49,597           3,077        46,520
    Bank Indonesia                   OBN           50,000     21/07/2023         19/01/2024                47,858           1,487        46,371
    Bank Indonesia                   OBN           50,000     21/07/2023         19/04/2024                48,622           2,251        46,371
    Bank Indonesia                   OBN           50,000     14/07/2023         12/07/2024                49,304           2,997        46,307
    Bank Indonesia                   OBN           30,000     25/10/2023         24/01/2024                29,143             464        28,679
    Bank Indonesia                   OBN           30,000     19/05/2023         17/05/2024                29,839           1,840        27,999
    Bank Indonesia                   OBN           30,000     14/04/2023         12/04/2024                29,825           1,831        27,994
    Bank Indonesia                   OBN           30,000     14/04/2023         12/01/2024                29,340           1,379        27,961
    Bank Indonesia                   OBN           30,000     05/05/2023         03/05/2024                29,749           1,835        27,914
    Bank Indonesia                   OBN           30,000     28/04/2023         26/04/2024                29,693           1,828        27,865
    Bank Indonesia                   OBN           20,000     12/05/2023         10/05/2024                20,003           1,233        18,770

                                               14,596,337                                             14,063,046          111,702 13,951,344




                                                     Halaman - 128 - Page
                                                                                    Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1253
Page 667
       Performa                    Laporan                 Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                              Fungsi
         2023                     Manajemen             Perusahaan           Manajemen atas Kinerja Bank                   Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                          31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

       14. EFEK-EFEK YANG DIBELI DENGAN JANJI                                   14. SECURITIES     PURCHASED         UNDER
           DIJUAL KEMBALI (lanjutan)                                                AGREEMENTS TO RESELL (continued)
            Efek-efek yang dibeli dengan janji dijual kembali                           Securities purchased under agreements to resell
            pada tanggal 31 Desember 2023 dan 2022 terdiri                              as of 31 December 2023 and 2022 are as follows:
            dari: (lanjutan)                                                            (continued)
                                                                              2022
                                                                                                                        Pendapatan
                                                                                                            Nilai       Bunga yang
                                            Jenis         Nilai                                           Penjualan        Belum           Nilai
                                          Sekuritas/    Nominal/                         Tanggal Jatuh    Kembali/      Direalisasi/     Tercatat/
                                           Type of      Nominal      Tanggal Dimulai/       Tempo/          Resale      Unrealised       Carrying
                  Counterparty            Securities    Amount          Start Date       Maturity Date     Amount         Interest        Value


            Pihak ketiga/Third parties
            Bank Indonesia, Jakarta           OBN        3,000,000     27/12/2022          03/1/2023        2,852,628           1,306    2,851,322
            Bank Indonesia, Jakarta           OBN        2,756,100     30/12/2022          06/1/2023        2,639,137           2,417    2,636,720
            Bank Indonesia, Jakarta           OBN        2,000,000     30/12/2022          06/1/2023        1,915,124           1,754    1,913,370
            Bank Indonesia, Jakarta           OBN        1,144,800     28/12/2022          04/1/2023        1,090,085             665    1,089,420
            Bank Indonesia, Jakarta           OBN          855,200     28/12/2022          04/1/2023          813,310             497      812,813
            Bank Indonesia, Jakarta           OBN          750,000     29/12/2022          05/1/2023          721,081             770      720,311
            Bank Indonesia, Jakarta           OBN          550,000     30/12/2022          06/1/2023          525,496             562      524,934
            Bank Indonesia, Jakarta           OBN          500,000     28/12/2022          04/1/2023          475,508             508      475,000
            Bank Indonesia, Jakarta           OBN          500,000     26/12/2022          02/1/2023          478,379             511      477,868
            Bank Indonesia, Jakarta           OBN          500,000     27/12/2022          03/1/2023          477,937             510      477,427
            Bank Indonesia, Jakarta           OBN          300,000     19/12/2022          02/1/2023          281,286              87      281,199
            Bank Indonesia, Jakarta           OBN          250,000     29/12/2022          26/1/2023          232,298           1,083      231,215
            Bank Indonesia, Jakarta           OBN          250,000     27/12/2022          24/1/2023          233,834           1,090      232,744
            Bank Indonesia, Jakarta           OBN          250,000     26/12/2022          23/1/2023          241,708           1,127      240,581
            Bank Indonesia, Jakarta           OBN          250,000     28/12/2022          25/1/2023          238,911           1,114      237,797
            Bank Indonesia, Jakarta           OBN          243,900     30/12/2022          06/1/2023          233,034             214      232,820
            Bank Indonesia, Jakarta           OBN          200,000     20/12/2022          03/1/2023          187,568              86      187,482
            Bank Indonesia, Jakarta           OBN          200,000     21/12/2022          04/1/2023          187,725             115      187,610
            BPD Jawa Timur                    OBN          200,000     15/11/2022          14/2/2023          197,240           1,392      195,848
            BPD Jawa Timur                    OBN          200,000     15/11/2022          14/2/2023          197,240           1,392      195,848
            Bank Indonesia, Jakarta           OBN          200,000     23/12/2022          06/1/2023          186,010             178      185,832
            Bank Indonesia, Jakarta           OBN          150,000     23/12/2022          06/1/2023          139,509             313      139,196
            Bank Indonesia, Jakarta           OBN          100,000     23/12/2022          06/1/2023           93,005              89       92,916
            Bank Indonesia, Jakarta           OBN          100,000     23/12/2022          06/1/2023           93,006              89       92,917
            Bank Indonesia, Jakarta           OBN          100,000     28/12/2022          11/1/2023           93,915             165       93,750
            Bank Indonesia, Jakarta           OBN          100,000     30/12/2022          13/1/2023           95,869             200       95,669
            Bank Indonesia, Jakarta           OBN          100,000     06/12/2022          03/1/2023           93,042             418       92,624
            Bank Indonesia, Jakarta           OBN          100,000     07/12/2022          04/1/2023           92,958             417       92,541
            Bank Indonesia, Jakarta           OBN          100,000     19/12/2022          02/1/2023           93,762             201       93,561
            Bank Indonesia, Jakarta           OBN          100,000     26/12/2022          09/1/2023           93,562             210       93,352
            Bank Indonesia, Jakarta           OBN          100,000     27/12/2022          10/1/2023           96,222             215       96,007
            Bank Indonesia, Jakarta           OBN          100,000     28/12/2022          11/1/2023           93,915             210       93,705
            Bank National Nobu Tbk            OBN           99,000     27/10/2022          26/1/2023           87,385             356       87,029
            Bank Indonesia, Jakarta           OBN           75,000     05/12/2022          02/1/2023           72,187             324       71,863
            Bank Indonesia, Jakarta           OBN           75,000     09/12/2022          06/1/2023           71,698             322       71,376
            Bank Indonesia, Jakarta           OBN           56,330     29/12/2022          12/1/2023           52,442             118       52,324
            Bank Indonesia, Jakarta           OBN           50,000     26/10/2022          25/1/2023           47,182             653       46,529
            Bank Indonesia, Jakarta           OBN           50,000     27/10/2022          26/1/2023           46,891             648       46,243
            Bank Indonesia, Jakarta           OBN           50,000     28/10/2022          27/1/2023           48,449             671       47,778
            Bank Indonesia, Jakarta           OBN           50,000     31/10/2022          30/1/2023           47,067             651       46,416
            Bank Indonesia, Jakarta           OBN           50,000     01/11/2022          31/1/2023           46,977             651       46,326
            Bank Indonesia, Jakarta           OBN           50,000     22/11/2022          21/2/2023           47,276             713       46,563
            Bank Indonesia, Jakarta           OBN           50,000     23/11/2022          22/2/2023           47,454             714       46,740
            Bank Indonesia, Jakarta           OBN           50,000     24/11/2022          23/2/2023           47,314             714       46,600
            Bank Indonesia, Jakarta           OBN           50,000     25/11/2022          24/2/2023           47,303             713       46,590
            Bank Indonesia, Jakarta           OBN           50,000     08/12/2022          05/1/2023           46,912             210       46,702
            Bank Indonesia, Jakarta           OBN           50,000     26/12/2022          27/3/2023           47,592             741       46,851
            Bank Indonesia, Jakarta           OBN           50,000     27/12/2022          28/3/2023           47,601             741       46,860
            Bank Indonesia, Jakarta           OBN           50,000     28/12/2022          29/3/2023           47,609             742       46,867
            Bank National Nobu Tbk            OBN           50,000     29/11/2022          28/2/2023           45,468             458       45,010
            Bank Indonesia, Jakarta           OBN           50,000     29/12/2022          30/3/2023           47,267             736       46,531
            Bank Indonesia, Jakarta           OBN           43,670     29/12/2022          12/1/2023           40,203              90       40,113
            Bank Indonesia, Jakarta           OBN           30,000     10/10/2022          09/1/2023           28,219             355       27,864
            Bank OCBC NISP Tbk                OBN           20,000     03/11/2022          02/2/2023           19,762             102       19,660
            Bank OCBC NISP Tbk                OBN           20,000     08/12/2022          09/3/2023           19,779             229       19,550
            Bank OCBC NISP Tbk                OBN           20,000     13/12/2022          14/3/2023           19,838             247       19,591
            Bank OCBC NISP Tbk                OBN           20,000     20/12/2022          21/3/2023           19,925             271       19,654
            Bank OCBC NISP Tbk                OBN           20,000     27/12/2022          28/3/2023           19,910             305       19,605
            Bank OCBC NISP Tbk                OBN           20,000     29/12/2022          30/3/2023           19,949             312       19,637

                                                        17,499,000                                         16,663,963          32,692 16,631,271




                                                              Halaman - 129 - Page
1254   Menduniakan Bisnis Indonesia
Page 668
     Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                             Laporan
      Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                            Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

14. EFEK-EFEK YANG DIBELI DENGAN JANJI                               14. SECURITIES     PURCHASED         UNDER
    DIJUAL KEMBALI (lanjutan)                                            AGREEMENTS TO RESELL (continued)

    Efek-efek yang dibeli dengan janji dijual kembali                     Securities purchased under agreements to resell
    tersebut di atas diklasifikasikan sebagai lancar.                     are classified as current.

    Tingkat suku bunga tetap tahunan:                                     Annual fixed interest rates:
                                                                          Dolar
                                                                    Amerika Serikat/
                                                  Rupiah           United States Dollar
                                                    %                       %
    Suku bunga kontrak:                                                                                             Contractual interest rate:
    2023                                             6.00 - 6.70              5.33 - 5.35                                               2023
    2022                                             5.05 - 6.43                        -                                               2022



15. BEBAN DIBAYAR DI MUKA                                            15. PREPAID EXPENSES

    Beban dibayar di muka terdiri dari:                                   Prepaid expenses consist of:

                                                     2023                   2022
    Asuransi                                          1,806,064                2,083,359                                       Insurance
    Sewa dibayar di muka                                330,586                  509,603                                    Prepaid rent
    Perbaikan dan pemeliharaan                          316,947                  333,638                        Service and maintenance
    Promosi                                              64,462                  102,316                                      Promotion
    Biaya tangguhan                                      55,510                   49,602                              Deferred expenses
    Lainnya                                             169,761                  165,102                                          Others
                                                      2,743,330                3,243,620



16. INVESTASI PADA ENTITAS ASOSIASI                                  16. INVESTMENTS IN ASSOCIATE

    Otoritas Jasa Keuangan (OJK) Pasar Modal telah                        The Financial Service Authority (OJK) Capital
    menyetujui pernyataan penggabungan usaha                              Market has approved the statement of merger of
    PT BRI Syariah Tbk, PT Bank BNI Syariah dan                           businesses of PT BRI Syariah Tbk, PT Bank BNI
    PT Bank Syariah Mandiri melalui surat No. S-                          Syariah and PT Bank Syariah Mandiri through
    289/D.04/2020 tertanggal 11 Desember 2020 serta                       letter No. S-289/D.04/2020 dated 11 December
    melalui surat OJK Perbankan No. 4/KDK.03/2021                         2020 and OJK Perbankan through letter No.
    tanggal 27 Januari 2021. Penggabungan usaha                           4/KDK.03/2021 dated 27 January 2021. The
    tersebut berlaku efektif di tanggal 1 Februari 2021                   merger of businesses is effective on 1 February
    dan     hasil    penggabungan        usaha     akan                   2021 and the merger of businesses result will use
    menggunakan nama PT Bank Syariah Indonesia                            name of PT Bank Syariah Indonesia Tbk.
    Tbk.

    Pada tanggal 19 Desember 2022, PT Bank Syariah                        On 19 December 2022, PT Bank Syariah Indonesia
    Indonesia Tbk (“BSI”) melakukan Penawaran                             Tbk (“BSI”) undertook a Limited Public Offering
    Umum Terbatas dalam rangka penerbitan Hak                             through the issuance of pre-emptive rights of
    Memesan Efek Terlebih Dahulu (HMETD)                                  4,999,952,795 shares. Group was entitled to buy
    sebanyak 4.999.952.795 saham. Grup berhak                             new 1,242,439,344 shares for Rp1,000 (full
    membeli saham baru sebanyak 1.242.439.344                             amount) per share. Group increased its capital
    saham dengan harga Rp1.000 (nilai penuh) per                          through the pre-emptive rights to BSI by
    lembar saham. Grup menggunakan sebagian                               500,000,000 shares with total price of Rp500,000.
    HMETD dan meningkatkan penyertaan modal                               Remaining pre-emptive rights of the Group was
    sahamnya terhadap BSI sebanyak 500.000.000                            transferred to PT CIMB Sekuritas whereas Group
    saham dengan harga Rp500.000. Sisa HMETD                              gain cash amounted to Rp74,244. Increased
    Grup dialihkan ke PT CIMB Sekuritas dimana Grup                       capital to BSI lead to Group percentage of
    mendapatkan kas sebesar Rp74.244. Peningkatan                         ownership diluted to 23.24% and Group recorded
    dalam     penyertaan   modal     terhadap   BSI                       gain from diluted shares of Rp46,794.
    menyebabkan persentase kepemilikan terhadap
    BSI terdilusi menjadi 23,24% dan Grup
    membukukan keuntungan dari saham terdilusi
    senilai Rp46.794.




                                                    Halaman - 130 - Page
                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1255
Page 669
       Performa                     Laporan                 Profil
                                               PT BANK NEGARA                   Analisa dan Pembahasan
                                                                    INDONESIA (PERSERO)        Tbk                                    Fungsi
         2023                      Manajemen             Perusahaan           Manajemen atas Kinerja Bank                         Penunjang Bisnis
                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                              31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

       16. INVESTASI PADA ENTITAS ASOSIASI (lanjutan)                             16. INVESTMENT IN ASSOCIATES (continued)

            Pada    tanggal    31   Desember    2023   dan                               As of 31 December 2023 and 2022, the associate
            2022, entitas asosiasi yang dimiliki oleh Grup                               of the Group was as follow:
            adalah sebagai berikut:
                                                                   Persentase Kepemilikan/
                                                                   Percentage of Ownership

                                                       Kegiatan Usaha/                         Nilai tercatat/
            Nama Perusahaan                           Business Activity           2023        Carrying Value                  Company Name

            PT Bank Syariah Indonesia Tbk             Perbankan/Banking           23.24%            11,283,466         PT Bank Syariah Indonesia Tbk

                                                                   Persentase Kepemilikan/
                                                                   Percentage of Ownership

                                                       Kegiatan Usaha/                         Nilai tercatat/
            Nama Perusahaan                           Business Activity           2022        Carrying Value                  Company Name


            PT Bank Syariah Indonesia Tbk             Perbankan/Banking           23.24%           10,048,975               PT Bank Syariah Indonesia Tbk


            Berikut ini adalah ringkasan informasi keuangan                              The following table is the summarised financial
            PT Bank Syariah Indonesia Tbk yang digunakan                                 information for PT Bank Syariah Indonesia Tbk
            untuk pencatatan metode ekuitas pada tanggal                                 used for equity method accounting as of
            31 Desember 2023 dan 2022, dan untuk tahun                                   31 December 2023 and 2022, and for the years
            yang berakhir pada tanggal-tanggal tersebut, yang                            then ended, which are accounted for using the
            dicatat dengan menggunakan metode ekuitas.                                   equity method.

                                                                2023                       2022

            Aset                                                353,624,125                305,727,438                                             Assets
            Liabilitas                                          314,806,601                272,221,828                                          Liabilities
            Aset bersih                                          38,817,524                 33,505,610                                         Net assets

            Pendapatan                                           22,251,743                 19,622,865                                           Revenue

            Laba bersih periode berjalan                           5,703,743                 4,260,182                     Net income for the periods
            Penghasilan komprehensif lain                                                                               Other comprehensive income
              setelah pajak                                            34,189                     50,894                               after tax
            Jumlah penghasilan komprehensif                                                                              Total comprehensive income
              tahun berjalan                                       5,737,932                 4,311,076                               for the year

            Jumlah     bagian    Grup      atas penghasilan                              Total Group’s share of comprehensive income and
            komprehensif dan jumlah tercatat pada entitas                                carrying value of associates are as follows:
            asosiasi adalah sebagai berikut:

                                                                2023                       2022

            Saldo awal                                           10,048,975                  8,688,406                              Beginning balance

            Bagian atas laba bersih                                1,325,550                  990,066                             Share of net income
            Bagian atas laba komprehensif lain                         7,946                   11,829              Share of other comprehensive gain
            Jumlah bagian atas penghasilan
              komprehensif                                         1,333,496                 1,001,895           Total share of comprehensive income

            Pengurangan sebagian investasi                                                              Partial disposal of investment from dilution
              dari dilusi kepemilikan saham di BSI                           -                (615,195)               shares ownership in BSI
            Penambahan penyertaan investasi di BSI                           -                 500,000                Additional investment in BSI
            Penambahan investasi dari porsi Grup                                                         Addition investment from Group portion
              karena kenaikan aset neto BSI                                                                  due increase net asset BSI from
              dari Penawaran Umum Terbatas                                   -                 661,989                 Limited Public Offering
            Dividen yang diterima                                      (99,005)               (188,120)                          Dividend received
            Jumlah tercatat                                      11,283,466                 10,048,975                                   Carrying value




                                                                Halaman - 131 - Page
1256   Menduniakan Bisnis Indonesia
Page 670
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                                  Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                                 Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                          31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

16. INVESTASI PADA ENTITAS ASOSIASI (lanjutan)                       16. INVESTMENT IN ASSOCIATES (continued)

    Rekonsiliasi atas ringkasan informasi keuangan                        Reconciliation of the summarised financial
    yang disajikan terhadap nilai buku dari kepentingan                   information presented to the carrying amount of its
    entitas asosiasi adalah sebagai berikut:                              interest in associate is as follows:

                                                    2023                      2022

    Pengakuan awal aset bersih                       33,505,610                25,076,755                        Net asset initial recognition
    Laba bersih periode berjalan                      5,703,743                 4,260,182                            Net income for the year
    Penghasilan komprehensif lain                                                                              Other comprehensive income
      setelah pajak                                      34,189                    50,894                                        after tax
    Pembayaran dividen                                 (426,018)                 (757,051)                                 Dividend payment
    Tambahan modal disetor                                    -                 4,937,652                          Additional paid-in-capital
    Lain-lain                                                 -                   (62,822)                                             Others
                                                     38,817,524                33,505,610
    Persentase kepemilikan efektif                       23.24%                   23.24%                 Percentage of effective ownership
                                                      9,021,195                 7,786,704
    Goodwill                                          2,262,271                 2,262,271                                              Goodwill
    Nilai tercatat                                   11,283,466                10,048,975                                        Carrying value




17. PENYERTAAN SAHAM - BERSIH                                        17. EQUITY INVESTMENTS - NET

    Penyertaan jangka panjang                                             Long-term equity investments

                                                               Nilai Wajar/
                                                               Fair Value
                                                    2023                      2022
    Klasifikasi nilai wajar melalui                                                                          Classified as fair value through
      penghasilan komprehensif lain                        563,700               608,797                    other comprehensive income


    Penyertaan        jangka    panjang    berdasarkan                    The classification of long-term equity investments
    kolektibilitas sesuai Peraturan OJK adalah:                           based on Financial Service Authority Rule
                                                                          collectibility are as follows:

                                                     2023                     2022

    Lancar                                                 563,700               608,797                                               Current
    Kurang lancar                                                -                     -                                           Substandard
    Diragukan                                                    -                     -                                              Doubtful
    Total                                                  563,700               608,797                                                    Total


    Grup mengklasifikasikan investasi berikut pada                        The Group designated certain investment as at fair
    nilai wajar melalui penghasilan komprehensif lain.                    value through comprehensive income (FVOCI).
    Klasifikasi pada nilai wajar melalui penghasilan                      The FVOCI designation was made because the
    komprehensif lain dibuat dengan pertimbangan                          investments are expected to be held for the long-
    investasi akan dimiliki dalam jangka panjang untuk                    term strategic purposes.
    kepentingan strategis.




                                                    Halaman - 132 - Page
                                                                                     Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1257
Page 671
       Performa                     Laporan                     Profil
                                                   PT BANK NEGARA                   Analisa dan Pembahasan
                                                                        INDONESIA (PERSERO)        Tbk                                         Fungsi
         2023                      Manajemen                 Perusahaan           Manajemen atas Kinerja Bank                              Penunjang Bisnis
                                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                      FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                      31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                            (Expressed in millions of Rupiah, unless otherwise stated)

       17. PENYERTAAN SAHAM - BERSIH (lanjutan)                                           17. EQUITY INVESTMENTS - NET (continued)

            Penyertaan saham terdiri dari:                                                    Equity investment consist of:

                                                             2023             2022                       2023                                  2022
                                                          Persentase       Persentase
                                                         Kepemilikan/     Kepemilikan/
                                                         Percentage of    Percentage of   Biaya perolehan/      Nilai wajar/     Biaya perolehan/     Nilai wajar/
            Nama Perusahaan/Company Name                  Ownership        Ownership      Acquisition cost      Fair value       Acquisition cost     Fair value

            Nilai wajar melalui penghasilan
               komprehensif lain/fair value through
               other comprehensive income
            PT Fintek Karya Nusantara                           9.82%             9.28%           200,000            377,547              200,000             472,138
            PT Bank Mizuho Indonesia                            1.00%             1.00%            75,375             75,375               75,375              75,375
            PT Bank BTPN Tbk                                    0.15%             0.15%            31,579             31,579               37,342              37,342
            PT Penyelesaian Transaksi Elektronik
               Nasional (PTEN)                                 17.50%            17.50%             3,500              23,288               3,500               9,277
            PT Kustodian Sentral Efek Indonesia                 2.50%             2.50%             7,500               7,500               7,500               7,500
            PT Pemeringkat Efek Indonesia                       0.16%             0.64%               158                 158                 158                 158
            PT Bursa Efek Indonesia                             1.20%             1.20%             7,500               7,500                 135                 135
            Lain-lain                                          99.99%             0.00%             9,236               9,236               6,872               6,872
                                                                                                  334,848            532,183              330,882             608,797
            Nilai wajar melalui laba rugi/
               fair value through profit or loss
            PT PANN Pembiayaan Maritim                         48.40%            48.40%                 -                   -             724,338                    -
            Rukita                                              2.50%             2.50%            31,517              31,517                   -                    -
                                                                                                  366,365            563,700            1,055,220             608,797



       18. ASET LAIN-LAIN - BERSIH                                                        18. OTHER ASSETS - NET

            Aset lain-lain - bersih terdiri dari:                                             Other assets - net consist of:

                                                                         2023                     2022

            Piutang bunga                                                   4,331,026               3,848,918                                Interest receivables
            Piutang terkait transaksi ATM dan                                                                                     Receivables from transactions
              kartu kredit                                                 3,662,144                2,577,566                  related to ATM and credit card
            Piutang lain-lain-bersih                                       2,679,406                3,959,580                              Other receivables-net
            Term Deposit Valas Devisa Hasil                                                                                    Foreign Exchange Term Deposit
              Ekspor                                                       2,540,505                             -                       from Export Activities
            Agunan yang diambil alih setelah
              dikurangi cadangan kerugian                                                                                    Foreclosed collaterals, net of
              penurunan nilai sebesar Rp788.713                                                                       allowance for impairment losses of
              pada tanggal 31 Desember 2023                                                                          Rp788,713 as of 31 December 2023
              dan Rp806.914 pada tanggal                                                                                            and Rp806,914 as of
              31 Desember 2022                                                  897,057             1,150,179                         31 December 2022
                                                                                                                            Receivables from customers -
            Piutang nasabah - Entitas Anak                                      371,927               259,560                                Subsidiary
            Persediaan kantor                                                   228,388               178,593                              Office supplies
            Beban komisi ditangguhkan                                            53,845                64,444              Deferred commission expenses
            Lain-lain setelah dikurangi cadangan                                                                              Others, net of allowance for
              kerugian penurunan nilai sebesar                                                                                     impairment losses of
              Rp27.408 pada tanggal                                                                                                      Rp27,408 as of
              31 Desember 2023 dan                                                                                                    31 December 2023
              Rp27.880 pada tanggal                                                                                                  and Rp27,880 as of
              31 Desember 2022                                             2,207,899                1,817,274                         31 December 2022

                                                                          16,972,197               13,856,114


            Piutang lain-lain sebagian besar merupakan                                        Other    receivables  mostly    comprised    of
            piutang kepada pemerintah, imbal jasa penjaminan                                  governments receivables, guarantee fee and sale
            dan penjualan obligasi.                                                           of bonds receivables.
            Term Deposit Valas Devisa Hasil Ekspor                                            Term Deposits of Foreign Exchange from Export
            merupakan suatu instrumen dimana dana devisa                                      Proceeds is an instrument where foreign exchange
            hasil ekspor dari rekening khusus eksportir                                       from export proceeds from exporters’ special
            ditempatkan pada Bank Indonesia melalui rekening                                  account are placed in Bank Indonesia through
            Bank sesuai mekanisme pasar.                                                      Bank’s accounts in accordance with market
                                                                                              mechanisms.


                                                                   Halaman - 133 - Page
1258   Menduniakan Bisnis Indonesia
Page 672
     Permodalan & Praktik                  Tata Kelola     Tanggung Jawab
                                                 PT BANK NEGARA           Sosial
                                                                     INDONESIA       Komitmen Tbk
                                                                                 (PERSERO)                                               Laporan
      Manajemen Risiko                     Perusahaan         dan Lingkungan           ESG                                              Keuangan
                                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                      (Expressed in millions of Rupiah, unless otherwise stated)

18. ASET LAIN-LAIN - BERSIH (lanjutan)                                                    18. OTHER ASSETS - NET (continued)

    Pada tanggal 31 Desember 2023, piutang bunga                                                 As of 31 December 2023, interest receivables are
    sebagian besar merupakan bunga yang berasal                                                  mostly comprised of interest from loans and
    dari pinjaman yang diberikan dan Obligasi                                                    Government Bonds amounting to Rp1,885,321
    Pemerintah masing-masing sebesar Rp1.885.321                                                 and Rp1,798,596, respectively (31 December
    dan    Rp1.798.596   (31   Desember     2022:                                                2022: Rp1,591,451 and Rp1,639,814).
    Rp1.591.451 dan Rp1.639.814).

    BNI telah melakukan upaya penyelesaian atas                                                  BNI has made efforts to settle foreclosed
    agunan yang diambil alih dengan melakukan upaya                                              collaterals by making an attempt to sell in the form
    penjualan     dalam     bentuk    lelang     atau                                            of an auction or take over of collateral by investors
    pengambilalihan agunan oleh investor atas agunan                                             on foreclosed collaterals.
    yang diambil alih.

    Properti terbengkalai termasuk di dalam pos “lain-                                           Abandoned properties are included in “Others”
    lain” sebesar Rp2.734 setelah dikurangi cadangan                                             amounting to Rp2,734, net of allowance for
    kerugian penurunan nilai sebesar Rp27.260 dan                                                impairment losses of Rp27,260 and accumulated
    akumulasi penyusutan properti terbengkalai                                                   depreciation of Rp1,995, as of 31 December 2023
    sebesar Rp1.995 pada tanggal 31 Desember 2023                                                and amounting to RpNil, net of allowance for
    dan sebesar RpNihil setelah dikurangi cadangan                                               impairment losses of Rp27,260 and accumulated
    kerugian penurunan nilai sebesar Rp27.260 dan                                                depreciation of abandoned property amounting to
    akumulasi penyusutan properti terbengkalai                                                   Rp1,726, as of 31 December 2022.
    sebesar Rp1.726 pada tanggal 31 Desember 2022.

    BNI telah melakukan upaya penyelesaian atas                                                  BNI has made efforts to resolve abandoned
    properti terbengkalai dalam bentuk pemanfaatan                                               properties by utilizing them for the Bank's
    untuk kegiatan operasional Bank (kantor, outlet,                                             operational activities (offices, outlets, gallery,
    galeri, rumah dinas dan gudang kearsipan).                                                   official houses and warehouse).

    Manajemen      berpendapat      bahwa   cadangan                                             Management believes that the allowance for
    kerugian penurunan nilai yang dibentuk atas aset-                                            impairment losses on the respective assets
    aset yang disebutkan di atas telah memadai.                                                  outlined above is adequate.



19. ASET TETAP DAN ASET HAK-GUNA                                                          19. FIXED ASSETS                       AND        RIGHT-OF-USE                  OF
                                                                                              ASSETS

    Aset tetap kepemilikan langsung:                                                             Direct ownership of fixed assets:
                                                                                       2023

                                     Saldo awal/
                                     Beginning        Penambahan/     Pengurangan/       Reklasifikasi/       Revaluasi/          Saldo akhir/
                                      balance           Additions       Disposals       Reclassification     Revaluation*)       Ending balance

    Biaya perolehan                                                                                                                                            Acquisition cost
    Tanah                               16,023,337         215,683           (3,282)             119,116               9,515          16,364,369                          Land
    Bangunan                             8,723,683         318,036          (11,688)             214,792                 482           9,245,305                     Buildings
    Perlengkapan kantor dan                                                                                                                              Office equipment and
       kendaraan bermotor               13,958,270        1,104,159        (198,916)             323,352                     -        15,186,865             motor vehicles

                                        38,705,290        1,637,878        (213,886)             657,260               9,997          40,796,539

    Aset dalam                                                                                                                                                    Construction
       penyelesaian                         707,409       1,192,915          (3,767)            (657,260)                    -         1,239,297                in progress
    Aset hak guna                         2,342,759         705,655        (396,400)                   -                     -         2,652,014        Right of use of assets

                                        41,755,458        3,536,448        (614,053)                   -               9,997          44,687,850

    Akumulasi                                                                                                                                                     Accumulated
       penyusutan                                                                                                                                               depreciation
    Bangunan                              2,813,741        559,294           (7,154)                   -                     -         3,365,881                     Buildings
    Perlengkapan kantor dan                                                                                                                              Office equipment and
       kendaraan bermotor               11,345,144        1,159,922        (187,810)                   -                     -        12,317,256             motor vehicles

                                        14,158,885        1,719,216        (194,964)                   -                     -        15,683,137
    Aset hak guna                        1,047,680          585,308        (393,131)                   -                     -         1,239,857        Right of use of assets

                                        15,206,565        2,304,524        (588,095)                   -                     -        16,922,994

    Nilai buku bersih                   26,548,893                                                                                    27,764,856              Net book value


    *) Nilai revaluasi aset tetap merupakan hasil                                                                         The revaluation value of fixed assets is the result of
    penilaian kembali aset tetap Entitas Anak.                                                                                   re-appraisal of the Subsidiary fixed assets *)



                                                                      Halaman - 134 - Page
                                                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk           1259
Page 673
       Performa                        Laporan                     Profil
                                                      PT BANK NEGARA                   Analisa dan Pembahasan
                                                                           INDONESIA (PERSERO)        Tbk                                                  Fungsi
         2023                         Manajemen                 Perusahaan           Manajemen atas Kinerja Bank                                       Penunjang Bisnis
                                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                     NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                          31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)

       19. ASET TETAP DAN ASET HAK-GUNA (lanjutan)                                       19. FIXED ASSETS AND                                  RIGHT-OF-USE                  OF
                                                                                             ASSETS (continued)
            Aset tetap kepemilikan langsung: (lanjutan)                                           Direct ownership of fixed assets: (continued)
                                                                                      2022
                                                                                                                      Dampak
                                        Saldo awal/                                                                   Akuisisi/         Saldo akhir/
                                        Beginning     Penambahan/ Pengurangan/ Reklasifikasi/      Revaluasi/        Acquisition          Ending
                                         balance        Additions   Disposals  Reclassification    Revaluation         impact             balance

            Biaya perolehan                                                                                                                                       Acquisition cost
            Tanah                        15,968,903         47,028        (6,002)             -                  -         13,408         16,023,337                         Land
            Bangunan                      8,386,707        285,207       (52,441)        96,387                  -          7,823          8,723,683                    Buildings
            Perlengkapan kantor dan                                                                                                                         Office equipment and
               kendaraan bermotor        12,747,205       1,736,072     (652,508)       110,745                            16,756         13,958,270            motor vehicles

                                         37,102,815       2,068,307     (710,951)       207,132              -             37,987         38,705,290
            Aset dalam                                                                                                                                                Construction
               penyelesaian                 521,525        825,081      (432,065)      (207,132)             -                  -            707,409                in progress
            Aset hak guna                 2,210,224        514,029      (423,159)             -               -            41,665          2,342,759        Right of use of assets

                                         39,834,564       3,407,417   (1,566,175)             -                  -         79,652         41,755,458

            Akumulasi                                                                                                                                                Accumulated
               penyusutan                                                                                                                                          depreciation
            Bangunan                      2,249,706        565,823        (1,788)             -              -                     -       2,813,741                    Buildings
            Perlengkapan kantor dan                                                                                                                         Office equipment and
               kendaraan bermotor         9,889,523       1,793,402     (337,781)             -              -                     -      11,345,144            motor vehicles

                                         12,139,229       2,359,225     (339,569)             -               -                     -     14,158,885
            Aset hak guna                   812,353         503,906     (268,579)             -              -                     -       1,047,680        Right of use of assets

                                         12,951,582       2,863,131     (608,148)             -              -                     -      15,206,565

            Nilai buku bersih            26,882,982                                                                                       26,548,893             Net book value


            Pada     tanggal   31  Desember    2023    dan                                        As of 31 December 2023 and 2022, the Group
            2022, Grup melakukan peninjauan kembali atas                                          performed a review on useful life, depreciation
            masa manfaat, metode penyusutan, dan nilai                                            method, and residual value of fixed assets and
            residu aset tetap dan menyimpulkan bahwa tidak                                        concluded that there was no change in those
            terdapat perubahan atas metode dan asumsi                                             methodology and assumptions.
            tersebut.

            Beban penyusutan untuk tahun yang berakhir pada                                       Depreciation expense for the year ended
            tanggal 31 Desember 2023 dan 2022 masing-                                             31 December 2023 and 2022 amounted to
            masing sebesar Rp1.719.216 dan Rp2.359.225                                            Rp1,719,216 and Rp2,359,225 are recorded on
            dicatat pada beban umum dan administrasi pada                                         general and administrative expense in the
            laporan laba rugi.                                                                    statement of profit or loss.

            Aset tetap yang telah terdepresiasi penuh namun                                       The fixed assets that have been fully depreciated
            masih digunakan oleh Grup sebesar Rp9.616.323                                         but still in use by the Group amounted to
            dan Rp8.676.026 masing-masing pada tanggal                                            Rp9,616,323 and Rp8,676,026 as of 31 December
            31 Desember 2023 dan 2022, antara lain berupa                                         2023 and 2022, respectively, including, among
            perlengkapan kantor dan kendaraan bermotor.                                           others, office equipment and motor vehicles.

            Manajemen berkeyakinan bahwa tidak terdapat                                           Management believes that there is no impairment
            penurunan nilai aset tetap yang dimiliki Grup                                         in the value of fixed assets owned by the Group
            selama tahun berjalan karena manajemen                                                during the year because management believes that
            berpendapat bahwa nilai tercatat aset tetap tidak                                     the carrying amounts of fixed assets do not exceed
            melebihi estimasi nilai yang dapat diperoleh                                          the estimated recoverable amount.
            kembali.

            Aset tetap Bank pada tanggal 31 Desember 2023                                         As of 31 December 2023 and 2022, the fixed
            dan 2022 diasuransikan terhadap risiko kebakaran                                      assets of the Bank were insured against risk of fire
            dan pencurian dengan nilai pertanggungan sebesar                                      and theft with sum insured amounting to
            Rp18.714.609 (31 Desember 2022: Rp18.694.506).                                        Rp18,714,609        (31      December         2022:
            Manajemen       berpendapat       bahwa     nilai                                     Rp18,694,506). Management believes that the sum
            pertanggungan tersebut cukup untuk menutupi                                           insured is adequate to cover possible losses on the
            kemungkinan kerugian atas aset tersebut.                                              assets insured.




                                                                       Halaman - 135 - Page
1260   Menduniakan Bisnis Indonesia
Page 674
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                               Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                              Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

19. ASET TETAP DAN ASET HAK-GUNA (lanjutan)                            19. FIXED ASSETS AND                     RIGHT-OF-USE             OF
                                                                           ASSETS (continued)

    Aset     dalam penyelesaian pada tanggal                               Construction in progress as of 31 December 2023
    31 Desember 2023 dan 2022 adalah sebagai                               and 2022 are as follows:
    berikut:

                                                      2023                     2022

    Tanah                                                         -                119,121                                           Land
    Bangunan                                                450,350                262,613                                       Buildings
    Peralatan kantor                                        788,947                325,675                               Office equipment

                                                           1,239,297               707,409


    Estimasi persentase tingkat penyelesaian aset                          The estimated percentage of completion of
    dalam penyelesaian pada tanggal 31 Desember                            construction in progress as of 31 December 2023
    2023 adalah berkisar antara 89% - 97% dan                              is between 89% - 97% and 31 December 2022:
    31 Desember 2022: 86% - 95%. Aset dalam                                86% - 95%. Those construction in progress as of
    penyelesaian pada tanggal 31 Desember 2023                             31 December 2023 are estimated to be completed
    tersebut diperkirakan akan selesai pada tahun                          in 2024.
    2024.

    Nilai wajar tanah dan bangunan yang dimiliki Grup                      There is no significant difference between fair value
    pada     tanggal   31   Desember      2023    dan                      and carrying value of land and building owned by
    2022 tidak berbeda jauh dengan nilai tercatat                          the Group as of 31 December 2023 and
    karena Grup melakukan penilaian pada tanah dan                         2022 because the Group performed revaluation
    bangunan pada tanggal 30 September 2021. Pada                          over land and buildings on 30 September 2021. In
    tahun 2023, PT Bank Hibank Indonesia melakukan                         2023, PT Bank Hibank Indonesia change the
    perubahan pencatatan pada tanah dan bangunan                           recording of its land and buildings following the
    mengikuti kebijakan Grup dengan menggunakan                            Group policy which using revaluation method. PT
    metode revaluasi. PT Bank Hibank Indonesia telah                       Bank Hibank Indonesia has assigned registered
    menugaskan jasa penilai terdaftar untuk melakukan                      independent appraisers to appraise (revaluate) its
    penilaian (revaluasi) aset tetap (tanah dan                            fixed assets (land and buildings) dated 19
    bangunan) pada tanggal 19 Desember 2023.                               December 2023.

    Tidak ada aset tetap yang dijaminkan.                                  There were no fixed assets pledged as collateral.

    Berdasarkan keputusan Ketua Badan Pengawas                             Based on Decision of Chairman of Bapepam and
    Pasar Modal Dan Lembaga Keuangan No. KEP-                              LK No. KEP-347/BL/2012 dated 25 June 2012,
    347/BL/2012 tanggal 25 Juni 2012 tentang                               about the presentation and disclosure in financial
    Penyajian dan Pengungkapan Laporan Keuangan                            report of issuer or a public company in point 27.e,
    Emiten atau Perusahaan Publik butir 27.e, dengan                       by considering the book value of fixed assets (land
    mempertimbangkan nilai buku aset tetap (tanah                          and buildings) that on which revaluation has been
    dan bangunan) yang telah dilakukan revaluasi                           conducted in 2015 and 2018, therefore on
    pada tahun 2015 dan 2018, maka pada tanggal                            31 December 2021, the Group assigned registered
    31 Desember 2021 Grup telah menugaskan                                 independent appraisers to appraise (revaluate) its
    perusahaan     jasa  penilai   terdaftar    untuk                      fixed assets (land and buildings). The Group has
    melaksanakan penilaian (revaluasi) aset tetap                          revalued the value of that land and buildings not for
    (tanah dan bangunan). Grup melakukan penilaian                         tax purpose rather for the compliance of the
    kembali atas tanah dan bangunan tersebut bukan                         aforementioned Bapepam and LK regulation.
    untuk tujuan perpajakan tetapi hanya untuk
    pemenuhan ketentuan Bapepam dan LK tersebut.

    Penilaian atas tanah dan bangunan dilakukan oleh                       The valuations of land and buildings are performed
    penilai independen eksternal sebagai berikut:                          by the following external independent appraisers:
    a) KJPP Toha Okky Heru & Rekan                                         a) KJPP Toha Okky Heru & Rekan
    b) KJPP Rengganis Hamid & Rekan                                        b) KJPP Rengganis Hamid & Rekan
    c) KJPP Toto Suharto & Rekan                                           c) KJPP Toto Suharto & Rekan
    d) KJPP Abdullah Fitriantoro & Rekan                                   d) KJPP Abdullah Fitriantoro & Rekan

    Penilaian atas tanah dan bangunan dilakukan oleh                       The valuations of land and buildings are performed
    penilai independen eksternal KJPP Ova Mustopa                          by KJPP Ova Mustopa Soleh & Rekan external
    Soleh & Rekan untuk PT Bank Hibank Indonesia.                          independent appraisers:

                                                    Halaman - 136 - Page
                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1261
Page 675
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                                     Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank                          Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                        31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

       19. ASET TETAP DAN ASET HAK-GUNA (lanjutan)                           19. FIXED ASSETS AND                        RIGHT-OF-USE              OF
                                                                                 ASSETS (continued)

            Penilaian dilakukan berdasarkan Standar Penilaian                     Valuations are performed based on Indonesian
            Indonesia, ditentukan berdasarkan transaksi pasar                     Valuation Standards, determined based on
            terkini dan dilakukan dengan ketentuan - ketentuan                    reference to recent market transactions done on
            yang lazim. Metode penilaian yang dipakai adalah                      arm’s length terms and appropriate requirements.
            metode data pasar, metode biaya dan metode                            The valuation methods used are market value
            pendapatan. Elemen-elemen yang digunakan                              approach, cost approach and income approach.
            dalam perbandingan data untuk menentukan nilai                        Elements used in data comparison to determine
            wajar aset antara lain:                                               fair value of assets, among others are as follows:

            a)    Jenis dan hak yang melekat pada properti                        a)       Types and rights attached to the property
            b)    Kondisi pasar                                                   b)       Market condition
            c)    Lokasi                                                          c)       Location
            d)    Karakteristik fisik                                             d)       Physical characteristics
            e)    Karakteristik dalam menghasilkan pendapatan                     e)       Income producing characteristics
            f)    Karakteristik tanah                                             f)       Land characteristics

            Informasi mengenai penilaian kembali aset tetap                       Information on revaluation of land and buildings of
            pada tanggal 31 Desember 2021 untuk kelompok                          the Group on 31 December 2021 located in
            aset tanah dan bangunan Grup di Indonesia dan                         Indonesia and overseas are as follows:
            luar negeri adalah sebagai berikut:
                                       Nilai Buku sebelum           Nilai Buku Setelah
                                          Revaluasi/                   Revaluasi/                   Keuntungan           
                                        Carrying Amount            Carrying Amount after           Revaluasi bersih/
                                       Before Revaluation              Revaluation              Net gain revaluation

            Tanah                                15,350,940                  15,968,903                       617,963                          Land
            Bangunan                              5,842,108                   6,137,001                       294,893                      Buildings

            Jumlah                               21,193,048                  22,105,904                       912,856                          Total

            Penilaian kembali yang dilakukan atas tanah                           The revaluation of land resulted in an increase in
            menghasilkan jumlah kenaikan nilai tercatat                           the carrying amount of land amounting to
            sebesar Rp617.963 yang terdiri dari kenaikan nilai                    Rp617,963 which consists of the increase in the
            tanah yang dicatat sebagai “Penghasilan                               carrying amount of land recognized as “Other
            Komprehensif Lain” sebesar Rp669.629 dan                              Comprehensive Income” amounting to Rp669,629
            penurunan nilai tanah yang diakui sebagai beban                       and a decrease in carrying amount of land
            tahun 2021 sebesar Rp51.666.                                          recognized in 2021 expenses amounting to
                                                                                  Rp51,666.

            Kenaikan nilai tercatat yang timbul dari revaluasi                    Increase in carrying amount of buildings from the
            bangunan dicatat sebesar Rp294.893. Kenaikan ini                      revaluation of building is recorded at Rp294,893.
            terdiri dari kenaikan nilai bangunan yang dicatat                     The increase consists of the increase in the
            sebagai “Penghasilan Komprehensif Lain” sebesar                       carrying amount of buildings recognized in “Other
            Rp315.945 dan penurunan nilai bangunan yang                           Comprehensive Income” amounting to Rp315,945
            diakui sebagai beban tahun 2021 sebesar                               and decrease in the carrying amount of buildings
            Rp21.052.                                                             recognized in 2021 expenses amounting to
                                                                                  Rp21,052.

            Secara total kenaikan nilai tercatat yang timbul dari                 In total, the increase in the carrying amount from
            revaluasi tanah dan bangunan dicatat sebagai                          revaluation of land and buildings is recognized in
            “Penghasilan Komprehensif Lain” adalah sebesar                        “Other Comprehensive Income” amounting to
            Rp912.856. Penurunan nilai tercatat yang timbul                       Rp912,856. The decrease of carrying amount from
            dari revaluasi dicatat sebagai beban pada tahun                       revaluation results recognized in 2021 expenses
            2021 adalah sebesar Rp72.718.                                         amounting to Rp72,718.

            Informasi mengenai penilaian kembali aset tetap                       Information on revaluation of land and buildings of
            pada tanggal 31 Desember 2023 untuk kelompok                          the PT Bank Hibank Indonesia on 31 December
            aset tanah dan bangunan PT Bank Hibank di                             2023 located in Indonesia are as follows:
            Indonesia adalah sebagai berikut:
                                       Nilai Buku sebelum           Nilai Buku Setelah
                                          Revaluasi/                   Revaluasi/                   Keuntungan           
                                        Carrying Amount            Carrying Amount after           Revaluasi bersih/
                                       Before Revaluation              Revaluation              Net gain revaluation

            Tanah                                    13,408                      22,923                         9,515                          Land
            Bangunan                                    288                         770                           482                      Buildings

            Jumlah                                   13,696                      23,693                         9,997                          Total


                                                            Halaman - 137 - Page
1262   Menduniakan Bisnis Indonesia
Page 676
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                             Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                            Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

19. ASET TETAP DAN ASET HAK-GUNA (lanjutan)                          19. FIXED ASSETS AND                      RIGHT-OF-USE             OF
                                                                         ASSETS (continued)

    Penilaian kembali yang dilakukan atas tanah dan                      The revaluation of land and building of PT Bank
    bangunan     PT     Bank     Hibank    Indonesia                     Hibank Indonesia resulted in an increase in the
    menghasilkan jumlah kenaikan nilai tercatat                          carrying amount of land and building amounting to
    sebesar Rp9.997 yang terdiri dari kenaikan nilai                     Rp9,997 which consists of the increase in the
    tanah yang dicatat sebagai “Penghasilan                              carrying amount of land recognized as “Other
    Komprehensif Lain”.                                                  Comprehensive Income”.

    Jika tanah dan bangunan dicatat sebesar harga                        If land and buildings were recorded using historical
    perolehan, maka dicatat dalam jumlah sebagai                         cost basis, the amount would be as follows:
    berikut:

                                                     2023                 2022
    Tanah                                              1,773,261             1,774,041                                           Land
    Bangunan                                                                                                                Buildings
      Harga perolehan                                   2,972,139            2,941,815                                        Cost
      Akumulasi penyusutan                             (2,859,396)          (2,850,634)                    Accumulated depreciation
    Nilai buku bangunan                                    112,743               91,181                                 Net book amount
    Jumlah nilai buku bersih                           1,886,004             1,865,222                              Total net book value


    Perubahan cadangan revaluasi aset bersih setelah                     The movements in the asset revaluation reserve
    pajak adalah sebagai berikut:                                        net of tax are as follows:

                                                     Cadangan revaluasi aset,
                                                       bersih setelah pajak/
                                                        Asset revaluation
                                                        reserve, net of tax
    Saldo per 31 Desember 2022                                        15,441,439                   Balance as of 31 December 2022
    Realisasi surplus revaluasi akibat dampak                                                   Revaluation surplus realization due to
     kehilangan pengendalian                                               6,390                          impact of loss of control

    Saldo per 31 Desember 2023                                        15,447,829                     Balance as of 31 December 2023


                                                     Cadangan revaluasi aset,
                                                       bersih setelah pajak/
                                                        Asset revaluation
                                                        reserve, net of tax
    Saldo per 31 Desember 2021                                        15,442,025                   Balance as of 31 December 2021
    Realisasi surplus revaluasi akibat dampak                                                   Revaluation surplus realization due to
     kehilangan pengendalian                                                (586)                         impact of loss of control

    Saldo per 31 Desember 2022                                        15,441,439                     Balance as of 31 December 2022


    Pada    tanggal     31    Desember   2023    dan                     As of 31 December 2023 and 2022, there is no
    2022, selain tanah dan bangunan, tidak terdapat                      significant difference between the fair value and
    perbedaan yang signifikan antara nilai wajar aset                    carrying value of fixed assets other than land and
    tetap dengan nilai tercatatnya.                                      buildings.




                                                    Halaman - 138 - Page
                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1263
Page 677
       Performa                        Laporan                    Profil
                                                     PT BANK NEGARA                   Analisa dan Pembahasan
                                                                          INDONESIA (PERSERO)        Tbk                                                      Fungsi
         2023                         Manajemen                Perusahaan           Manajemen atas Kinerja Bank                                           Penunjang Bisnis
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                    (Expressed in millions of Rupiah, unless otherwise stated)

       19. ASET TETAP DAN ASET HAK-GUNA (lanjutan)                                               19. FIXED ASSETS AND                                 RIGHT-OF-USE             OF
                                                                                                     ASSETS (continued)

            Perhitungan keuntungan/(kerugian) penjualan dan                                              Calculation of gain/(loss) on sale and write-off of
            penghapusan aset tetap sebagai berikut:                                                      fixed assets as follows:
                                                                               2023                           2022

            Harga perolehan                                                            30,670                      1,566,175                                  Acquisition cost
            Akumulasi penyusutan                                                      (25,967)                      (608,148)                        Accumulated depreciation
            Nilai buku aset tetap
                yang dijual dan dihapus                                                 4,703                       958,027           Book value of disposed fixed assets
            Hasil penjualan dan
                penghapusan aset tetap                                                13,119                        952,777 Proceeds from disposal of fixed assets
            Keuntungan/(kerugian) dari penjualan                                                                                                         Gain/(loss) on sale
               dan penghapusan aset tetap                                               8,416                         (5,250)                and write-off of fixed assets


            Aset hak-guna pada 31 Desember 2023 dan                                                      Right-of-use of assets as of 31 December 2023
            2022 adalah sebagai berikut:                                                                 and 2022 as follows:
                                                                                         2023

                                           Saldo awal/                                                                                Saldo akhir/
                                           Beginning             Penambahan/          Pengurangan/         Reklasifikasi/               Ending
                                            balance               Additions             Disposals         Reclassification              balance

            Biaya perolehan                                                                                                                                                     Cost
            Tanah dan bangunan                    2,268,006            691,141               (373,838)                       -             2,585,309             Land and buildings
            Perlengkapan kantor dan                                                                                                                                Office equipment
                 kendaraan bermotor                 74,753              14,514                (22,562)                       -                66,705         and motor vehicles

                                                  2,342,759            705,655               (396,400)                       -             2,652,014

            Akumulasi penyusutan                                                                                                                           Accumulated depreciation
            Tanah dan bangunan                    1,011,761            551,497               (374,353)                       -             1,188,905             Land and buildings
            Perlengkapan kantor dan                                                                                                                                Office equipment
                 kendaraan bermotor                 35,919              33,811                (18,778)                       -                50,952         and motor vehicles

                                                  1,047,680            585,308               (393,131)                       -             1,239,857

            Nilai buku bersih                     1,295,079                                                                                1,412,157                 Net book value


                                                                                         2022

                                                                                                                     Dampak
                                                                                                                     Akuisisi/
                                          Saldo awal/                                                                 Impact           Saldo akhir/
                                          Beginning           Penambahan/    Pengurangan/        Reklasifikasi/        from              Ending
                                           balance             Additions       Disposals        Reclassification    acquisition          balance

            Biaya perolehan                                                                                                                                                     Cost
            Tanah dan bangunan               2,105,361            503,323        (366,597)                     -          25,919           2,268,006             Land and buildings
            Perlengkapan kantor dan                                                                                                                                Office equipment
                 kendaraan bermotor           104,863              10,706         (56,562)                     -          15,746              74,753         and motor vehicles

                                             2,210,224            514,029        (423,159)                     -          41,665           2,342,759

            Akumulasi penyusutan                                                                                                                           Accumulated depreciation
            Tanah dan bangunan                742,393             466,074        (196,706)                     -                  -        1,011,761             Land and buildings
            Perlengkapan kantor dan                                                                                                                                Office equipment
                 kendaraan bermotor               69,960           37,832         (71,873)                     -                  -           35,919         and motor vehicles

                                              812,353             503,906        (268,579)                     -                  -        1,047,680

            Nilai buku bersih                1,397,871                                                                                     1,295,079                 Net book value


            Grup menyewa beberapa aset termasuk rumah                                                    The Group had rent a number of assets which
            dinas, gedung kantor, ruang ATM, kendaraan dan                                               include official houses, offices, ATM space, vehicle
            lain-lain. Rata-rata masa sewa adalah 5 (lima)                                               and others. The average of lease term is 5 (five)
            tahun.                                                                                       years.




                                                                            Halaman - 139 - Page
1264   Menduniakan Bisnis Indonesia
Page 678
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                                   Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                                  Keuangan
                                             DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                          31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

19. ASET TETAP DAN ASET HAK-GUNA (lanjutan)                                19. FIXED ASSETS AND                     RIGHT-OF-USE             OF
                                                                               ASSETS (continued)

    Jumlah pengeluaran kas untuk sewa selama tahun                             The total cash outflow for leases for the years
    yang berakhir pada 31 Desember 2023 adalah                                 ended 31 December 2023 is amounting to
    Rp240.769 (31 Desember 2022: Rp341.741).                                   Rp240,769 (31 December 2022: Rp341,741).

    Beban penyusutan untuk tahun yang berakhir pada                            Depreciation expense for the years ended
    tanggal 31 Desember 2023 dan 2022 masing-                                  31 December 2023 and 2022 amounted to
    masing sebesar Rp585.308 dan Rp503.906 dicatat                             Rp585,308 and Rp503,906 are recorded on
    pada beban umum dan administrasi pada laporan                              general and administrative expense in the
    laba rugi.                                                                 statement of profit or loss.


20. ASET TAKBERWUJUD                                                       20. INTANGIBLE ASSETS

    Aset takberwujud terdiri dari:                                             Intangible assets consist of the following:

                                                          2023                     2022
    Goodwill                                                     727,786                727,786                                    Goodwill
    Hubungan pelanggan                                            16,637                 13,966                       Customer relationships
    Merek dagang                                                       -                 10,559                                 Trademarks

                                                                 744,423                752,311


    Pada bulan Mei 2022, Grup telah mengakuisisi PT                            In May 2022, the Group acquired PT Bank Hibank
    Bank Hibank Indonesia. Atas transaksi ini, Grup                            Indonesia. As a result of this acquisition, the Group
    memperoleh goodwill dan aset takberwujud                                   recognised goodwill and certain intangible assets,
    tertentu berupa kontrak hubungan pelanggan dan                             such as contractual customer relationships and
    merek dagang.                                                              trademarks.

    Penurunan nilai atas goodwill                                              Impairment of goodwill

    Pengujian penurunan nilai atas goodwill yang                               Goodwill are tested for impairment annually (as at
    dilakukan setiap tahun (pada tanggal 31                                    31 December) and when circumstances indicate
    Desember) dan ketika terdapat suatu indikasi                               that the carrying value may be impaired.
    bahwa nilai tercatatnya mengalami penurunan nilai.

    Nilai    terpulihkan     ditentukan      berdasarkan                       The recoverable amount was determined based on
    perhitungan nilai wajar dikurangi biaya yang                               fair value less cost of disposal calculations that
    menggunakan metode Discounted Cash Flow 5                                  uses the 5 years Discounted Cash Flow method.
    tahun. Grup menentukan unit penghasil kas                                  The Group determine the cash generating unit
    (“UPK”) sejalan dengan Bank Hibank sebagai UPK                             (“CGU”) aligned with the Bank Hibank as a
    sendiri. Nilai tersebut dikategorikan berada dalam                         separate CGU. The value is within the category of
    kategori pengukuran nilai wajar level 3.                                   fair value measurement level 3.

    Asumsi kunci yang digunakan dalam perhitungan                              Certain key assumptions used in the fair value less
    nilai wajar dikurangi biaya untuk menjual pada                             cost of disposal calculation at 31 December 2023
    tanggal 31 Desember 2023 adalah sebagai berikut:                           are as follows

                                                           31 Desember/
                                                           December 2023

    Tingkat pertumbuhan                                            4.94%                                                      Growth rate
    Tingkat diskonto (WACC)                                        9.80%                                            Discount rate (WACC)

    Tidak ada penurunan              nilai    goodwill    yang                 No impairment of the goodwill was identified.
    diidentifikasi.

    Lihat Catatan 43 untuk informasi mengenai akuisisi                         Refer to Note 43 for details acquisition of PT Bank
    PT Bank Hibank Indonesia.                                                  Hibank Indonesia.




                                                         Halaman - 140 - Page
                                                                                     Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1265
Page 679
       Performa                    Laporan                 Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                            Fungsi
         2023                     Manajemen             Perusahaan           Manajemen atas Kinerja Bank                 Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                          31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

       21. LIABILITAS SEGERA                                                    21. OBLIGATIONS DUE IMMEDIATELY

                                                                2023                     2022

            Rupiah                                                                                                                      Rupiah
            Kewajiban sebagai issuer bank (ATM)                    2,991,170               2,706,856                 Obligation as issuer bank
            Simpanan sementara yang                                                                           Temporary deposit transactions
               belum diselesaikan                                    788,753                 925,895                          not yet settled
            Setoran pajak sebagai                                                                            Tax collection received by BNI as
               bank persepsi                                         334,092                 205,821                         collecting bank
            Kerjasama pihak ketiga                                   306,886                 311,503                   Third party agreements
            Dana setoran smartpay                                    224,059                 164,667              Fund deposits for smartpay
            Kiriman uang                                             135,863                  12,790                           Money transfers
            Dana setoran cek                                          58,307                  45,489               Fund deposits for cheques
            Dana trust                                                26,578                  26,619                    Fund deposits for trust
            Lainnya                                                  113,447                  22,626                                     Others
                                                                   4,979,155               4,422,266
            Mata uang asing                                                                                               Foreign currencies
            Dana trust                                               138,534                 139,667                    Fund deposits for trust
            Setoran pajak sebagai                                                                            Tax collection received by BNI as
               bank persepsi                                           77,146                   32,475                      collecting Bank
            Kerjasama pihak ketiga                                     50,634                    4,310                 Third party agreements
            Kiriman uang                                               33,682                   55,524                         Money transfers
            Simpanan sementara yang                                                                           Temporary deposit transactions
               belum diselesaikan                                      14,424                   26,182                       not yet settled
            Lainnya                                                     1,377                    5,936                                   Others
                                                                     315,797                 264,094
                                                                   5,294,952               4,686,360



       22. SIMPANAN NASABAH                                                     22. DEPOSITS FROM CUSTOMERS

            Informasi mengenai simpanan berdasarkan pihak                           Information with respect to transactions with related
            yang berelasi diungkapkan pada Catatan 46k.                             parties are disclosed in Note 46k.

            a.    Berdasarkan jenis dan mata uang                                   a.   By type and currency

                                                                2023                     2022
                  Rupiah                                                                                                               Rupiah
                    Tabungan                                    222,512,910              230,378,383                      Savings accounts
                    Deposito berjangka                          208,275,592              185,145,882                           Time deposits
                    Giro                                        203,157,259              211,971,828                       Current accounts
                    Negotiable Certificate of Deposits                    -                1,920,027       Negotiable Certificate of Deposits

                                                                633,945,761              629,416,120

                  Mata uang asing                                                                                        Foreign currencies
                    Giro                                        142,338,909              102,653,306                       Current accounts
                    Deposito berjangka                           24,389,388               23,651,727                           Time deposits
                    Tabungan                                      9,468,525               12,316,209                      Savings accounts
                    Negotiable Certificate of Deposits              587,760                1,231,629       Negotiable Certificate of Deposits

                                                                176,784,582              139,852,871

                                                                810,730,343              769,268,991




                                                             Halaman - 141 - Page
1266   Menduniakan Bisnis Indonesia
Page 680
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                           Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                          Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

22. SIMPANAN NASABAH (lanjutan)                                     22. DEPOSITS FROM CUSTOMERS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                     a.   By type and currency (continued)

         Perincian simpanan nasabah berdasarkan                              Deposits from customers based on currencies
         mata uang adalah sebagai berikut:                                   are as follows:

                                                      2023                   2022
         Rupiah                                       633,945,761            629,416,120                                          Rupiah

         Mata uang asing                                                                                        Foreign currencies
           Dolar Amerika Serikat                      165,780,761            133,980,970                     United States Dollar
           Yen Jepang                                   7,554,960              1,163,934                            Japanese Yen
           Yuan China                                   1,839,058                330,865                            Chinese Yuan
           Dolar Singapura                                752,273                779,082                          Singapore Dollar
           Euro Eropa                                     721,360              3,425,591                           European Euro
           Dolar Hong Kong                                 50,901                 48,120                        Hong Kong Dollar
           Dolar Australia                                 47,156                 59,191                          Australian Dollar
           Pound Sterling Inggris                          28,218                 53,329              Great Britain Pound Sterling
           Franc Swiss                                      4,560                  3,476                              Swiss Franc
           Won Korea Selatan                                2,253                  5,073                       South Korean Won
           Lain-lain                                        3,082                  3,240                                    Others

                                                      176,784,582            139,852,871
                                                      810,730,343            769,268,991


         Berdasarkan Undang-Undang No. 24 tanggal                            Based on Law No. 24 dated 22 September
         22 September 2004 yang berlaku efektif sejak                        2004, effective on 22 September 2005, which
         tanggal 22 September 2005, sebagaimana                              was amended by the Government Regulation
         diubah       dengan     Peraturan Pemerintah                        No. 3 dated 13 October 2008, the Indonesia
         Pengganti         Undang-Undang     Republik                        Deposit Insurance Corporation (LPS) was
         Indonesia No. 3 tanggal 13 Oktober 2008,                            formed to guarantee certain liabilities of
         Lembaga Penjaminan Simpanan (LPS)                                   commercial banks under the applicable
         dibentuk untuk menjamin liabilitas tertentu                         guarantee program, which the amount of
         bank-bank umum berdasarkan program                                  guarantee can be amended if the situation
         penjaminan yang berlaku, yang besaran nilai                         complies with the valid particular criteria.
         jaminannya dapat berubah jika memenuhi
         kriteria tertentu yang berlaku.

         Berdasarkan Peraturan Pemerintah Republik                           Based on Government Regulation No. 66 Year
         Indonesia No. 66 Tahun 2008 tanggal                                 2008 dated 13 October 2008 regarding The
         13 Oktober 2008 mengenai Besarnya Nilai                             Amount of Deposit Guaranteed by Indonesia
         Simpanan yang dijamin Lembaga Penjaminan                            Deposit Insurance Corporation, the amount of
         Simpanan, jumlah simpanan yang dijamin LPS                          deposits covered by LPS is up to Rp2,000 per
         adalah simpanan sampai dengan Rp2.000                               depositor per bank.
         untuk per nasabah per bank.

         Pada tanggal 31 Desember 2023 dan                                   As of 31 December 2023 and 2022, BNI was a
         2022, BNI adalah peserta dari program                               participant of the above guarantee program.
         penjaminan tersebut.




                                                    Halaman - 142 - Page
                                                                              Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1267
Page 681
       Performa                    Laporan                 Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                             Fungsi
         2023                     Manajemen             Perusahaan           Manajemen atas Kinerja Bank                  Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                       31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

       22. SIMPANAN NASABAH (lanjutan)                                         22. DEPOSITS FROM CUSTOMERS (continued)

            b.    Berdasarkan hubungan                                             b.   By relationship

                                                                2023                    2022

                  Pihak berelasi                                                                                               Related parties
                  Rupiah                                                                                                               Rupiah
                    Giro                                          64,848,639             80,809,404                        Current accounts
                    Deposito berjangka                            26,986,048             30,400,970                            Time deposits
                    Tabungan                                         146,280                288,465                       Savings accounts
                    Negotiable Certificate of Deposits                     -                184,958        Negotiable Certificate of Deposits
                                                                  91,980,967            111,683,797
                  Mata uang asing                                                                                         Foreign currencies
                    Giro                                          55,991,467             39,682,253                        Current accounts
                    Deposito berjangka                             4,088,842              3,362,559                          Time deposits
                    Tabungan                                          19,114                 79,654                        Saving accounts
                                                                  60,099,423             43,124,466
                  Total pihak berelasi                          152,080,390             154,808,263                       Total related parties


                  Pihak ketiga                                                                                                    Third parties
                  Rupiah                                                                                                                Rupiah
                    Tabungan                                    222,366,630             230,089,918                       Savings accounts
                    Deposito berjangka                          181,289,544             154,744,912                            Time deposits
                    Giro                                        138,308,620             131,162,424                        Current accounts
                    Negotiable Certificate of Deposits                    -               1,735,069        Negotiable Certificate of Deposits
                                                                541,964,794             517,732,323


                  Mata uang asing                                                                                        Foreign currencies
                    Giro                                          86,347,442             62,971,053                        Current accounts
                    Deposito berjangka                            20,300,546             20,289,168                            Time deposits
                    Tabungan                                       9,449,411             12,236,555                       Savings accounts
                    Negotiable Certificate of Deposits               587,760              1,231,629        Negotiable Certificate of Deposits
                                                                116,685,159              96,728,405
                  Total pihak ketiga                            658,649,953             614,460,728                          Total third parties
                                                                810,730,343             769,268,991


           c.     Deposito berjangka berdasarkan jangka                            c.   Time deposits by contractual period
                  waktu kontrak

                                                                2023                    2022
                  <1 bulan                                        11,607,194             12,818,276                                  <1 month
                  1 - <3 bulan                                    80,027,214             65,354,176                             1 - <3 months
                  3 - <6 bulan                                    53,060,549             57,249,871                             3 - <6 months
                  6 - 12 bulan                                    70,166,808             32,190,538                             6 - 12 months
                  >12 bulan                                       17,803,215             41,184,748                               >12 months
                                                                232,664,980             208,797,609


           d.     Simpanan       yang    diblokir   dan   dijadikan                d.   Deposits blocked and pledged as collateral
                  jaminan

                                                                2023                    2022
                  Giro                                            16,170,794             48,907,452                          Current accounts
                  Tabungan                                        14,832,482             25,863,453                          Savings accounts
                  Deposito berjangka                               7,253,007              7,142,865                             Time deposits
                  Total                                           38,256,283             81,913,770                                          Total




                                                             Halaman - 143 - Page
1268   Menduniakan Bisnis Indonesia
Page 682
     Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                                          Laporan
      Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                                         Keuangan
                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                    31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                         (Expressed in millions of Rupiah, unless otherwise stated)

22. SIMPANAN NASABAH (lanjutan)                                                 22. DEPOSITS FROM CUSTOMERS (continued)

    e.   Tingkat suku bunga dan bagi hasil per                                          e.   Annual interest rates and profit sharing
         tahun

                                                  Dolar
                                             Amerika Serikat/       Dolar
                                             United States       Singapura/               Euro Eropa/           Yen Jepang/
                              Rupiah             Dollar       Singapore Dollar           European Euro         Japanese Yen
                                %                 %                  %                         %                     %
         2023                0.00 - 7.50            0.00 - 6.90           0.00 - 1.75         0.00 - 0.10            0.00 - 0.01                      2023
         2022                0.00 - 6.39            0.00 - 4.75           0.00 - 1.33         0.00 - 0.75            0.00 - 0.01                      2022



23. SIMPANAN DARI BANK LAIN                                                     23. DEPOSITS FROM OTHER BANKS

    Informasi mengenai simpanan berdasarkan pihak                                       Information with respect to transactions with related
    yang berelasi diungkapkan pada Catatan 46l.                                         parties are disclosed in Note 46l.

    a.   Berdasarkan jenis dan mata uang                                                a.   By type and currency

                                                                  2023                       2022

         Rupiah                                                                                                                               Rupiah
         Giro                                                       1,320,942                  1,121,824                           Current accounts
         Pinjaman pasar uang antar bank                               625,000                          -                   Interbank money market
         Deposito berjangka                                            63,730                    101,455                               Time deposits
         Negotiable Certificate of Deposit                                  -                    477,808           Negotiable Certificate of Deposits
         Simpanan lainnya                                             648,514                    626,030                              Other deposits

                                                                    2,658,186                  2,327,117


         Mata uang asing                                                                                                       Foreign currencies
         Pinjaman pasar uang antar bank                             4,492,755                  8,175,341                   Interbank money market
         Giro                                                       3,055,587                  3,084,018                           Current accounts
         Deposito berjangka                                           740,384                    801,108                               Time deposits
         Negotiable Certificate of Deposit                            515,651                    310,304           Negotiable Certificate of Deposits
         Simpanan lainnya                                             431,425                    546,666                              Other deposits

                                                                    9,235,802                 12,917,437

                                                                   11,893,988                 15,244,554


         Perincian simpanan dari bank lain berdasarkan                                       Deposits from other banks                     based       on
         mata uang adalah sebagai berikut:                                                   currencies are as follows:

                                                                  2023                       2022

         Rupiah                                                     2,658,186                  2,327,117                                         Rupiah


         Mata uang asing                                                                                                        Foreign currencies
           Dolar Amerika Serikat                                    5,286,458                  9,793,195                     United States Dollar
           Yen Jepang                                               3,273,087                  2,589,026                            Japanese Yen
           Dolar Singapura                                            566,429                    486,481                          Singapore Dollar
           Euro Eropa                                                  66,188                     24,287                           European Euro
           Dolar Hong Kong                                             27,217                     12,245                        Hong Kong Dollar
           Pound Sterling Inggris                                      16,423                     12,203              Great Britain Pound Sterling

                                                                    9,235,802                 12,917,437

                                                                   11,893,988                 15,244,554
                                               




                                                             Halaman - 144 - Page
                                                                                              Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1269
Page 683
       Performa                    Laporan                 Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                           Fungsi
         2023                     Manajemen             Perusahaan           Manajemen atas Kinerja Bank                Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                        31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

       23. SIMPANAN DARI BANK LAIN (lanjutan)                                   23. DEPOSITS FROM OTHER BANKS (continued)

            b. Berdasarkan hubungan                                                 b.   By relationship

                                                                2023                     2022

                  Pihak berelasi                                                                                              Related parties
                  Rupiah                                                                                                              Rupiah
                    Giro                                               14,351                33,041                      Current accounts
                    Negotiable Certificate of Deposit                       -               156,010        Negotiable Certificate of Deposit
                    Simpanan lainnya                                        -                 4,889                          Other deposits

                                                                       14,351               193,940


                  Mata uang asing                                                                                       Foreign currencies
                    Giro                                           1,327,918                 506,727                     Current accounts
                    Pinjaman pasar uang antar bank                 1,231,760               2,179,450              Interbank money market
                    Negotiable Certificate of Deposit                      -                 310,304       Negotiable Certificate of Deposit
                    Simpanan lainnya                                 131,078                       -                         Other deposits

                                                                   2,690,756               2,996,481

                  Total pihak berelasi                             2,705,107               3,190,421                     Total related parties


                  Pihak ketiga                                                                                                  Third parties
                  Rupiah                                                                                                              Rupiah
                    Giro                                           1,306,591               1,088,783                     Current accounts
                    Pinjaman pasar uang antar bank                   625,000                       -              Interbank money market
                    Negotiable Certificate of Deposit                      -                 321,798       Negotiable Certificate of Deposit
                    Deposito berjangka                                63,730                 101,455                          Time deposits
                    Simpanan lainnya                                 648,514                 621,141                         Other deposits

                                                                   2,643,835               2,133,177


                  Mata uang asing                                                                                       Foreign currencies
                    Pinjaman pasar uang antar bank                 3,260,995               5,995,891              Interbank money market
                    Giro                                           1,727,669               2,577,291                     Current accounts
                    Deposito berjangka                               740,384                 801,108                          Time deposits
                    Negotiable Certificate of Deposit                515,651                       -       Negotiable Certificate of Deposit
                    Simpanan lainnya                                 300,347                 546,666                         Other deposits

                                                                   6,545,046               9,920,956

                  Total pihak ketiga                               9,188,881              12,054,133                       Total third parties

                                                                  11,893,988              15,244,554




                                                             Halaman - 145 - Page
1270   Menduniakan Bisnis Indonesia
Page 684
     Permodalan & Praktik            Tata Kelola     Tanggung Jawab
                                           PT BANK NEGARA           Sosial
                                                               INDONESIA       Komitmen Tbk
                                                                           (PERSERO)                                         Laporan
      Manajemen Risiko               Perusahaan         dan Lingkungan           ESG                                        Keuangan
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                       31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)

23. SIMPANAN DARI BANK LAIN (lanjutan)                                            23. DEPOSITS FROM OTHER BANKS (continued)

    c.   Berdasarkan tingkat suku bunga dan bagi                                         c.    By annual interest rates and profit sharing
         hasil per tahun

                                                                      Dolar
                                                                 Amerika Serikat/                           Dolar Singapura/
                                                                  United States          Yen Jepang/          Singapore
                                                 Rupiah               Dollar            Japanese Yen             Dollar
                                                   %                   %                      %                    %

         2023                                     0.00 - 6.70           0.00 - 6.05           0.00 - 0.45         0.00 - 4.20                            2023
         2022                                     0.00 - 5.83           0.00 - 5.00           0.00 - 0.40         0.00 - 4.05                            2022

    d.   Simpanan           yang    diblokir     dan      dijadikan                      d.    Deposits blocked and pledged as collateral
         jaminan

                                                                 2023                         2022

         Giro                                                           42,553                       51,314                             Current accounts
         Deposito berjangka                                              4,707                        5,241                                Time deposits
         Tabungan                                                        3,501                        9,046                             Savings accounts

                                                                        50,761                       65,601




24. EFEK-EFEK YANG DIJUAL DENGAN JANJI                                            24. SECURITIES SOLD UNDER AGREEMENTS TO
    DIBELI KEMBALI                                                                    REPURCHASE

                                                                                 2023

                                                                                                                                 Beban Bunga
                                                                                                                     Nilai        yang Belum
                                    Jenis                Nilai                                                    Pembelian      Diamortisasi/      Nilai
                                   Sekuritas/          Nominal/                               Tanggal Jatuh        Kembali/      Unamortized       Bersih/
          Pihak lawan/              Type of            Nominal       Tanggal Dimulai/            Tempo/           Repurchase        Interest         Net
          Counterparty             Securities          Amount           Start Date            Maturity Date        Amount          Expenses         Value


    Rupiah/Rupiah
      BPD Kalimantan Timur               OBN              200,000        15/12/2023             15/1/2024              199,901             587       199,314
                                                          200,000                                                      199,901             587       199,314


    Mata uang asing/Foreign currencies
       JP Morgan Chase Bank            OBN             1,219,000         13/4/2023             15/9/2026             1,254,812         156,592     1,098,220
       Standard Chartered, Jakarta     OBN             1,000,000         12/4/2023             15/5/2027             1,129,594         176,903       952,691
       JP Morgan Chase Bank            OBN             1,070,000         12/4/2023             15/5/2027             1,111,926         174,026       937,900
       Deutsche Bank AG.               OBN             1,001,000         12/4/2023             15/5/2027             1,105,434         173,235       932,199
       Standard Chartered, Jakarta     OBN               700,000         14/4/2023             15/4/2026               729,641          85,943       643,698
       Deutsche Bank AG.               OBN               700,000         14/4/2023              15/4/2026              712,500          83,084       629,416
       JP Morgan Chase Bank            OBN               743,675         16/11/2023            16/11/2028              718,734         175,394       543,340
       JP Morgan Chase Bank            OBN               523,618          17/9/2021             15/5/2024              525,917          16,990       508,927
       JP Morgan Chase Bank            OBN               303,321         16/11/2023             17/4/2028              299,056          66,190       232,866
       BNP Paribas                     OBN               230,955         12/10/2023            17/1/2024               215,775           3,169       212,606
                                                       7,491,569                                                     7,803,389       1,111,526     6,691,863
                                                       7,691,569                                                     8,003,290       1,112,113     6,891,177




                                                                Halaman - 146 - Page
                                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1271
Page 685
       Performa                    Laporan                   Profil
                                                PT BANK NEGARA                   Analisa dan Pembahasan
                                                                     INDONESIA (PERSERO)        Tbk                                  Fungsi
         2023                     Manajemen               Perusahaan           Manajemen atas Kinerja Bank                       Penunjang Bisnis
                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                      (Expressed in millions of Rupiah, unless otherwise stated)

       24. EFEK-EFEK YANG DIJUAL DENGAN JANJI                                       24. SECURITIES SOLD UNDER AGREEMENTS TO
           DIBELI KEMBALI (lanjutan)                                                    REPURCHASE (continued)
                                                                                   2022
                                                                                                                              Beban Bunga
                                                                                                                   Nilai       yang Belum
                                          Jenis             Nilai                                               Pembelian     Diamortisasi/      Nilai
                                         Sekuritas/       Nominal/                             Tanggal Jatuh     Kembali/     Unamortized       Bersih/
                  Pihak lawan/            Type of         Nominal      Tanggal Dimulai/           Tempo/        Repurchase       Interest         Net
                  Counterparty           Securities       Amount          Start Date           Maturity Date     Amount         Expenses         Value

            Pihak ketiga/Third parties
            Rupiah/Rupiah
               Bank Indonesia, Jakarta         OBN          400,000       15/11/2022             14/2/2023          394,442          2,766          391,676
               Bank Indonesia, Jakarta         OBN           99,000       27/10/2022             26/1/2023           87,377            354           87,023
               Bank Indonesia, Jakarta         OBN           50,000       29/11/2022             28/2/2023           45,463            454           45,009
               Bank Indonesia, Jakarta         OBN           20,000       03/11/2022             02/2/2023           19,760            102           19,658
               Bank Indonesia, Jakarta         OBN           20,000       20/12/2022             21/3/2023           19,923            270           19,653
               Bank Indonesia, Jakarta         OBN           20,000       29/12/2022             30/3/2023           19,947            310           19,637
               Bank Indonesia, Jakarta         OBN           20,000       27/12/2022             28/3/2023           19,908            303           19,605
               Bank Indonesia, Jakarta         OBN           20,000       13/12/2022             14/3/2023           19,836            245           19,591
               Bank Indonesia, Jakarta         OBN           20,000       08/12/2022             09/3/2023           19,777            228           19,549
                                                            669,000                                                 646,433          5,032          641,401

            Mata uang asing/Foreign currencies
               JP Morgan Chase Bank            OBN          523,618       17/09/2021             15/5/2024         531,741          17,160          514,581
               BNP Paribas, France             OBN          568,214        27/7/2022             31/1/2023         444,523           8,051          436,472
               BNP Paribas, France             OBN          474,809        20/7/2022             23/1/2023         416,225           7,561          408,664
               Standard Chartered, Jakarta     OBN          356,000        11/5/2020             15/5/2023         332,424          20,045          312,379
               HSBC, Hongkong                  OBN          358,053       23/12/2022             22/6/2023         310,704           6,782          303,922
               BNP Paribas, France             OBN          381,404       13/12/2022             15/6/2023         275,166           7,299          267,867
                                                           2,662,098                                              2,310,783         66,898     2,243,885
                                                           3,331,098                                              2,957,216         71,930     2,885,286


            Tingkat suku bunga tetap tahunan:                                             Annual fixed interest rates:
                                                                                       Dolar
                                                                                 Amerika Serikat/
                                                              Rupiah            United States Dollar
                                                                %                        %
            Suku bunga kontrak:                                                                                                 Contractual interest rate:
            2023                                                        6.65                   1.30 - 6.32                                          2023
            2022                                                 5.63 - 8.13                   1.50 - 4.75                                          2022



       25. LIABILITAS AKSEPTASI                                                     25. ACCEPTANCE PAYABLES

           a.     Berdasarkan pihak dan mata uang                                         a.    By party and currency

                                                                  2023                         2022
                  Rupiah                                                                                                                    Rupiah
                    Bank                                               1,519,809                   1,183,632                               Banks
                    Kreditur non-bank                                    244,375                     190,225                    Non-bank creditors
                                                                       1,764,184                   1,373,857


                  Mata uang asing                                                                                                Foreign currencies
                    Bank                                               3,939,319                   3,773,041                               Banks
                    Kreditur non-bank                                     45,044                     154,345                    Non-bank creditors
                                                                       3,984,363                   3,927,386

                                                                       5,748,547                   5,301,243




                                                                Halaman - 147 - Page
1272   Menduniakan Bisnis Indonesia
Page 686
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                              Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                             Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

25. LIABILITAS AKSEPTASI (lanjutan)                                    25. ACCEPTANCE PAYABLES (continued)

    Perincian liabilitas akseptasi berdasarkan mata                        Acceptance payables based on currencies are as
    uang adalah sebagai berikut:                                           follows:

    a.   Berdasarkan pihak dan mata uang (lanjutan)                        a.   By party and currency (continued)
                                                      2023                      2022
         Rupiah                                            1,764,184              1,373,857                                          Rupiah

         Mata uang asing                                                                                             Foreign currencies
           Dolar Amerika Serikat                           3,897,148              3,844,172                        United States Dollar
           Euro Eropa                                         66,367                 39,870                             European Euro
           Yuan China                                         15,221                 26,880                              Chinese Yuan
           Yen Jepang                                          5,627                 15,421                              Japanese Yen
           Franc Swiss                                             -                  1,043                                Swiss Franc

                                                           3,984,363              3,927,386

                                                           5,748,547              5,301,243


    b.   Berdasarkan hubungan                                              b.   By relationship

                                                      2023                      2022
         Pihak berelasi                                                                                                   Related parties
         Rupiah                                            1,049,883               836,603                                         Rupiah
         Mata uang asing                                      20,717               152,240                              Foreign currencies

         Total pihak berelasi                              1,070,600               988,843                             Total related parties

         Pihak ketiga                                                                                                        Third parties
         Rupiah                                              714,301                537,254                                        Rupiah
         Mata uang asing                                   3,963,646              3,775,146                             Foreign currencies
         Total pihak ketiga                                4,677,947              4,312,400                              Total third parties
                                                           5,748,547              5,301,243


26. BEBAN YANG MASIH HARUS DIBAYAR                                     26. ACCRUED EXPENSES

    Beban yang masih harus dibayar terdiri dari:                           Accrued expenses consist of the following:

                                                      2023                      2022
    Biaya teknologi dan                                                                                                Technology and
      telekomunikasi                                         558,506               509,481              telecommunication expenses
    Biaya kantor                                             467,642               474,257                             Office expenses
    Kewajiban sebagai Bank penerbit                          460,742               307,780                        Issuer Bank liabilities
    Biaya loyalty                                             49,905                47,642                            Loyalty expenses
    Biaya promosi                                              5,288                 6,253                   Sales promotion expenses
    Lain-lain                                                121,782                95,257                                       Others

                                                           1,663,865              1,440,670


27. PENYISIHAN                                                         27. PROVISIONS

                                                      2023                      2022
    Estimasi kerugian atas komitmen                                                                Estimated losses from commitments
      dan kontinjensi                                      2,165,058              2,697,672                        and contingencies
    Penyisihan atas perkara hukum dan lainnya                  7,674                 14,674        Provision for legal cases and others

                                                           2,172,732              2,712,346




                                                    Halaman - 148 - Page
                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1273
Page 687
       Performa                       Laporan                    Profil
                                                    PT BANK NEGARA                   Analisa dan Pembahasan
                                                                         INDONESIA (PERSERO)        Tbk                                                  Fungsi
         2023                        Manajemen                Perusahaan           Manajemen atas Kinerja Bank                                       Penunjang Bisnis
                                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                              31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)

       27. PENYISIHAN (lanjutan)                                                               27. PROVISIONS (continued)

            a.    Perubahan cadangan atas perkara hukum                                               a.   The movements of the allowance for legal
                  adalah sebagai berikut:                                                                  cases are as follows:
                                                                              2023                         2022

                  Saldo awal                                                         14,674                       44,358                                Beginning balance
                  Pembalikan                                                                                                                                     Reversal
                     selama tahun berjalan                                           (7,000)                      (29,684)                              during the year

                                                                                      7,674                       14,674


                  Bank     saat     ini  masih    menghadapi                                               The Bank has a number of outstanding
                  permasalahan hukum diantaranya dengan                                                    litigation cases, including lawsuits with
                  debitur, pemilik dana dan/atau pihak ketiga.                                             debtors, fund owners and/or third parties.
                  Saat ini permasalahan hukum tersebut masih                                               Currently, litigation cases are still in legal
                  dalam proses/upaya hukum.                                                                process.

                  Jumlah klaim terhadap Bank dan estimasi                                                  The Bank’s total potential financial exposure
                  biaya penyelesaian perkara atas tuntutan                                                 and estimation on settlement of legal cases
                  hukum yang belum selesai pada tanggal                                                    arising from outstanding lawsuits as of
                  31 Desember 2023 dan 2022 masing-masing                                                  31 December 2023 and 2022 amounted to
                  sebesar Rp7.660 dan Rp14.654. Pada tanggal                                               Rp7,660 and Rp14,654, respectively. As of
                  31 Desember 2023 dan 2022, Manajemen                                                     31 December 2023 and 2022, Management
                  berpendapat bahwa jumlah cadangan atas                                                   believes that the provision for legal cases is
                  perkara hukum telah memadai.                                                             adequate.

            b.    Perubahan nilai tercatat bruto pada komitmen                                        b.   The movements of gross carrying amount on
                  dan kontinjensi adalah sebagai berikut:                                                  commitments and contingencies are as
                                                                                                           follows:
                                                                                               2023
                                                                                                      Kerugian kredit
                                                                               Kerugian kredit         ekspektasian
                                                                                ekspektasian            sepanjang
                                                                                  sepanjang             umurnya -
                                                       Kerugian kredit        umurnya - kredit             kredit
                                                       ekspektasian 12        tidak memburuk/           memburuk/
                                                       bulan/12-month         Lifetime ECL Not         Lifetime ECL
                                                            ECL                Credit-impaired        Credit-impaired        Total/Total

                  Garansi bank yang diterbitkan                                                                                                     Bank guarantees issued
                  Saldo awal                                   56,655,579               5,676,476             776,913           63,108,968                Beginning balance
                  Pengalihan dari:                                                                                                                            Transfer from:
                  - Kerugian kredit ekspektasian
                     12 bulan                                   (3,852,868)             3,852,868                       -                  -                     12-month ECL-
                  - Kerugian kredit ekspektasian
                     sepanjang umurnya                                                                                                                Lifetime ECL not credit -
                     kredit tidak memburuk                      1,746,822              (1,746,822)                      -                  -                       -impaired
                   - Pengalihan dari/ke
                     kerugian kredit ekspektasian
                     sepanjang umurnya -                                                                                                              Transfer from/to lifetime
                     kredit memburuk - bersih                         575                   (3,240)              2,665                   -           ECL credit-impaired - net
                  Pengukuran kembali bersih*)                 (21,893,089)              (4,330,468)         (2,172,751)        (28,396,308)              Net remeasurement*)
                  Aset keuangan baru yang                                                                                                                New financial assets
                     diterbitkan atau dibeli                   40,524,918               4,016,438            1,966,140          46,507,496           originated or purchased
                  Pembayaran penuh                            (13,737,880)               (491,034)             (28,139)        (14,257,053)                    Full repayment
                  Valuta asing dan                                                                                                                      Foreign exchange and
                     perubahan lain                               (160,838)               (21,536)                (3,598)         (185,972)                 other movements

                                                               59,283,219               6,952,682              541,230          66,777,131

                  *) Termasuk di dalam pengukuran kembali bersih adalah pembayaran                                                 Including in the net measurement is repayment *)
                  kembali




                                                                        Halaman - 149 - Page
1274   Menduniakan Bisnis Indonesia
Page 688
     Permodalan & Praktik                Tata Kelola     Tanggung Jawab
                                               PT BANK NEGARA           Sosial
                                                                   INDONESIA       Komitmen Tbk
                                                                               (PERSERO)                                               Laporan
      Manajemen Risiko                   Perusahaan         dan Lingkungan           ESG                                              Keuangan
                                                     DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                              31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)

27. PENYISIHAN (lanjutan)                                                              27. PROVISIONS (continued)

    b.   Perubahan nilai tercatat bruto pada komitmen                                          b.   The movements of gross carrying amount on
         dan kontinjensi adalah sebagai berikut:                                                    commitments and contingencies are as
         (lanjutan)                                                                                 follows: (continued)

                                                                                      2022
                                                                                               Kerugian kredit
                                                                          Kerugian kredit       ekspektasian
                                                                           ekspektasian          sepanjang
                                                                             sepanjang           umurnya -
                                                   Kerugian kredit       umurnya - kredit           kredit
                                                   ekspektasian 12       tidak memburuk/         memburuk/
                                                   bulan/12-month        Lifetime ECL Not       Lifetime ECL
                                                        ECL               Credit-impaired      Credit-impaired       Total/Total

         Garansi bank yang diterbitkan                                                                                                          Bank guarantees issued
         Saldo awal                                       50,338,165              6,680,398            642,485            57,661,048                  Beginning balance
         Pengalihan dari:                                                                                                                                 Transfer from:
         - Kerugian kredit ekspektasian
            12 bulan                                        (717,390)              717,390                       -                    -                      12-month ECL-
         - Kerugian kredit ekspektasian
            sepanjang umurnya                                                                                                                     Lifetime ECL not credit -
            kredit tidak memburuk                          2,073,911             (2,073,911)                     -                    -                        -impaired
          - Pengalihan dari/ke
            kerugian kredit ekspektasian
            sepanjang umurnya -                                                                                                                   Transfer from/to lifetime
            kredit memburuk - bersih                         (143,131)             (237,223)            380,354                    -             ECL credit-impaired - net
         Pengukuran kembali bersih*)                      (17,381,946)           (4,223,183)         (1,445,387)         (23,050,516)                Net remeasurement*)
         Aset keuangan baru yang                                                                                                                      New financial assets
            diterbitkan atau dibeli                        35,825,450             5,225,511           1,191,427           42,242,388             originated or purchased
         Pembayaran penuh                                 (15,200,904)             (538,012)                  -          (15,738,916)                      Full repayment
         Valuta asing dan                                                                                                                           Foreign exchange and
            perubahan lain                                 1,861,424               125,506                8,034            1,994,964                    other movements

                                                          56,655,579              5,676,476            776,913            63,108,968

         *) Termasuk di dalam pengukuran kembali bersih adalah pembayaran                             Including in the net measurement is repayment and impact of acquisition*)
         kembali dan dampak akuisisi



                                                                                      2023
                                                                                               Kerugian kredit
                                                                          Kerugian kredit       ekspektasian
                                                                           ekspektasian          sepanjang
                                                                             sepanjang           umurnya -
                                                   Kerugian kredit       umurnya - kredit           kredit
                                                   ekspektasian 12       tidak memburuk/         memburuk/
                                                   bulan/12-month        Lifetime ECL Not       Lifetime ECL
                                                        ECL               Credit-impaired      Credit-impaired       Total/Total

         Irrevocable letters of credit                                                                                                       Irrevocable letters of credit
         Saldo awal                                       15,180,092               585,899             308,204            16,074,195                  Beginning balance
         Pengalihan dari:                                                                                                                                  Transfer from:
         - Kerugian kredit ekspektasian
           12 bulan                                         (594,357)              594,357                       -                    -                      12-month ECL-
         - Kerugian kredit ekspektasian
           sepanjang umurnya -                                                                                                                   Lifetime ECL not credit –
           kredit tidak memburuk                             192,452               (192,452)                  -                    -                            -impaired
         Pengukuran kembali bersih*)                      15,422,555               (283,956)            (62,969)          15,075,630                 Net remeasurement*)
         Aset keuangan baru yang                                                                                                                     New financial assets
           diterbitkan atau dibeli                         14,013,076               343,458             218,181           14,574,715             originated or purchased
         Pembayaran penuh                                 (27,822,922)             (606,614)           (341,470)         (28,771,006)                      Full repayment
         Valuta asing dan                                                                                                                           Foreign exchange and
           perubahan lain                                     (96,312)               (7,389)              4,474               (99,227)                  other movements

                                                          16,294,584               433,303              126,420           16,854,307

         *) Termasuk di dalam pengukuran kembali bersih                                                                       Including in the net measurement is repayment *)
             adalah pembayaran kembali.




                                                                   Halaman - 150 - Page
                                                                                                     Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk                1275
Page 689
       Performa                          Laporan                      Profil
                                                         PT BANK NEGARA                   Analisa dan Pembahasan
                                                                              INDONESIA (PERSERO)        Tbk                                                              Fungsi
         2023                           Manajemen                  Perusahaan           Manajemen atas Kinerja Bank                                                   Penunjang Bisnis
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                                       NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                            FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                            31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                          (Expressed in millions of Rupiah, unless otherwise stated)

       27. PENYISIHAN (lanjutan)                                                                        27. PROVISIONS (continued)

            b.    Perubahan nilai tercatat bruto pada komitmen                                               b.        The movements of gross carrying amount on
                  dan kontinjensi adalah sebagai berikut:                                                              commitments and contingencies are as
                  (lanjutan)                                                                                           follows: (continued)

                                                                                                    2022
                                                                                                             Kerugian kredit
                                                                                        Kerugian kredit       ekspektasian
                                                                                         ekspektasian          sepanjang
                                                                                           sepanjang           umurnya -
                                                            Kerugian kredit            umurnya - kredit           kredit
                                                            ekspektasian 12            tidak memburuk/         memburuk/
                                                            bulan/12-month             Lifetime ECL Not       Lifetime ECL
                                                                 ECL                    Credit-impaired      Credit-impaired              Total/Total

                  Irrevocable letters of credit                                                                                                                  Irrevocable letters of credit
                  Saldo awal                                           7,345,355                1,176,122                  224,935              8,746,412                 Beginning balance
                  Pengalihan dari:                                                                                                                                             Transfer from:
                  - Kerugian kredit ekspektasian
                    12 bulan                                            (988,936)                 988,936                            -                     -                     12-month ECL-
                  - Kerugian kredit ekspektasian
                    sepanjang umurnya -                                                                                                                                Lifetime ECL not credit -
                    kredit tidak memburuk                                686,639                 (686,639)                           -                     -                        -impaired
                  Pengalihan dari/ke:
                    kerugian kredit ekspektasian
                    sepanjang umurnya -                                                                                                                           Transfer from/to lifetime ECL
                    kredit memburuk - bersih                                   -                  (21,918)                  21,918                     -                   credit-impaired - net
                  Pengukuran kembali bersih*)                         23,149,390                  806,690                  (29,382)           23,926,698                 Net remeasurement*)
                  Aset keuangan baru yang                                                                                                                                 New financial assets
                    diterbitkan atau dibeli                            16,579,659                 234,803                  522,170             17,336,632            originated or purchased
                  Pembayaran penuh                                    (32,545,881)             (1,782,816)                (452,759)           (34,781,456)                      Full repayment
                  Valuta asing dan                                                                                                                                      Foreign exchange and
                    perubahan lain                                       953,866                 (129,279)                  21,322                845,909                    other movements

                                                                      15,180,092                  585,899                  308,204            16,074,195

                  *) Termasuk di dalam pengukuran kembali bersih                                                         Including in the net measurement is repayment and impact of acquisition*)
                      adalah pembayaran kembali dan dampak akuisisi


            c.    Perubahan estimasi kerugian pada komitmen                                                       c.      The movements of estimated losses on
                  dan kontinjensi adalah sebagai berikut:                                                                 commitments and contingencies are as
                                                                                                                          follows:
                                                                                                    2023
                                                                                 Kerugian                  Kerugian
                                                                                   kredit                    kredit
                                                                               ekspektasian              ekspektasian
                                                                                sepanjang                 sepanjang
                                                                                umurnya -                 umurnya -
                                                                    Kerugian    kredit tidak                 kredit
                                                                     kredit     memburuk/                 memburuk/
                                                                  ekspektasian Lifetime ECL              Lifetime ECL
                                                                  12 bulan/12-  Not Credit-                 Credit-
                                                                   month ECL     impaired                  impaired                Total/Total

                  Garansi bank yang diterbitkan                                                                                                                      Bank guarantees issued
                  Saldo awal                                                89,860          1,081,127             771,395                1,942,382                         Beginning balance
                  Pengalihan dari:                                                                                                                                             Transfer from:
                  - Kerugian kredit ekspektasian
                    12 bulan                                                 (4,467)           4,467                        -                      -                             12-month ECL-
                  - Kerugian kredit ekspektasian
                    sepanjang umurnya -                                                                                                                                Lifetime ECL not credit -
                    kredit tidak memburuk                                   83,395            (83,395)                      -                      -                                -impaired
                  Pengalihan dari/ke
                    kerugian kredit ekspektasian
                    sepanjang umurnya -                                                                                                                                Transfer from/to lifetime
                    kredit memburuk - bersih                                    341              (868)                   527                       -                  ECL credit-impaired - net
                  Pengukuran kembali bersih                                                                                                                              Net remeasurement of
                    penyisihan kerugian*)                                  (90,938)          (590,929)        (2,029,163)                (2,711,030)                          loss allowance*)
                  Aset keuangan baru yang                                                                                                                                  New financial assets
                    diterbitkan atau dibeli                                 80,926            886,710          1,768,132                 2,735,768                    originated or purchased
                  Pembayaran penuh                                         (19,564)          (177,870)                 -                  (197,434)                              Full repayment
                  Valuta asing dan                                                                                                                                       Foreign exchange and
                    perubahan lain                                           (2,029)           (3,605)                 (2,946)               (8,580)                         other movements

                                                                           137,524          1,115,637             507,945                1,761,106


                  *) Termasuk di dalam pengukuran kembali bersih penyisihan kerugian                                             Including in the net measurement of loss allowance, is repayment *)
                      adalah pembayaran kembali.




                                                                                Halaman - 151 - Page
1276   Menduniakan Bisnis Indonesia
Page 690
     Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                             PT BANK NEGARA           Sosial
                                                                 INDONESIA       Komitmen Tbk
                                                                             (PERSERO)                                                    Laporan
      Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                                                   Keuangan
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                   (Expressed in millions of Rupiah, unless otherwise stated)

27. PENYISIHAN (lanjutan)                                                                 27. PROVISIONS (continued)

    c.   Perubahan estimasi kerugian pada komitmen                                                 c.     The movements of estimated losses on
         dan kontinjensi adalah sebagai berikut: (lanjutan)                                               commitments and contingencies are as
                                                                                                          follows: (continued)

                                                                                      2022
                                                                   Kerugian                  Kerugian
                                                                     kredit                    kredit
                                                                 ekspektasian              ekspektasian
                                                                  sepanjang                 sepanjang
                                                                  umurnya -                 umurnya -
                                                      Kerugian    kredit tidak                 kredit
                                                       kredit     memburuk/                 memburuk/
                                                    ekspektasian Lifetime ECL              Lifetime ECL
                                                    12 bulan/12-  Not Credit-                 Credit-
                                                     month ECL     impaired                  impaired           Total/Total

         Garansi bank yang diterbitkan                                                                                                            Bank guarantees issued
         Saldo awal                                          114,009          1,001,838            641,837             1,757,684                        Beginning balance
         Pengalihan dari:                                                                                                                                   Transfer from:
         - Kerugian kredit ekspektasian
           12 bulan                                            (1,887)            1,887                     -                   -                            12-month ECL-
         - Kerugian kredit ekspektasian
           sepanjang umurnya -                                                                                                                      Lifetime ECL not credit -
           kredit tidak memburuk                             371,694           (371,694)                    -                   -                                -impaired
         Pengalihan dari/ke
           kerugian kredit ekspektasian
           sepanjang umurnya -                                                                                                                     Transfer from/to lifetime
           kredit memburuk - bersih                              285           (229,995)           229,710                      -                 ECL credit-impaired - net
         Pengukuran kembali bersih                                                                                                                   Net remeasurement of
           penyisihan kerugian*)                            (433,519)          (409,203)         (1,267,222)           (2,109,944)                        loss allowance*)
         Aset keuangan baru yang                                                                                                                       New financial assets
           diterbitkan atau dibeli                            59,089          1,141,616           1,159,980            2,360,685                  originated or purchased
         Pembayaran penuh                                    (23,521)           (75,804)                  -              (99,325)                            Full repayment
         Valuta asing dan                                                                                                                            Foreign exchange and
           perubahan lain                                      3,710            22,482                  7,090             33,282                         other movements

                                                              89,860          1,081,127            771,395             1,942,382


         *) Termasuk di dalam pengukuran kembali bersih penyisihan                                         Including in the net remeasurement of loss allowance is impact of
            kerugian, adalah dampak akuisisi                                                                                                                   acquisition*)


                                                                                      2023
                                                                                                Kerugian kredit
                                                                          Kerugian kredit        ekspektasian
                                                                           ekspektasian           sepanjang
                                                                             sepanjang            umurnya -
                                               Kerugian kredit           umurnya - kredit            kredit
                                               ekspektasian 12           tidak memburuk/          memburuk/
                                                    bulan/               Lifetime ECL Not        Lifetime ECL
                                                12-month ECL              Credit-impaired       Credit-impaired         Total/Total

         Irrevocable letters of credit                                                                                                         Irrevocable letters of credit
         Saldo awal                                         30,261                   69,624                308,036              407,921                 Beginning balance
         Pengalihan dari:                                                                                                                                    Transfer from:
         - Kerugian kredit ekspektasian
            12 bulan                                         (1,751)                  1,751                       -                       -                  12-month ECL-
         - Kerugian kredit ekspektasian
            sepanjang umurnya -                                                                                                                     Lifetime ECL not credit -
            kredit tidak memburuk                             1,724                  (1,724)                      -                       -                      -impaired
          - Pengalihan dari/ke
         kerugian kredit ekspektasian
            sepanjang umurnya -                                                                                                                    Transfer from/to lifetime-
            kredit memburuk                                          -                      -                     -                       -        ECL credit-impaired -net
         Pengukuran kembali bersih                                                                                                                    Net remeasurement of
            penyisihan kerugian*)                           56,746                  (29,209)              (323,022)             (295,485)                  loss allowance*)
         Aset keuangan baru yang                                                                                                                        New financial assets
            diterbitkan atau dibeli                          22,314                 118,171                 68,193               208,678           originated or purchased
         Pembayaran penuh                                   (96,766)               (103,971)               (43,021)             (243,758)                     Full repayment
         Valuta asing dan                                                                                                                             Foreign exchange and
            perubahan lain                                      532                  (1,836)                 (9,487)                (10,791)              other movements

                                                            13,060                   52,806                     699                  66,565




                                                                 Halaman - 152 - Page
                                                                                                         Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk          1277
Page 691
           Performa                        Laporan                    Profil
                                                         PT BANK NEGARA                   Analisa dan Pembahasan
                                                                              INDONESIA (PERSERO)        Tbk                                                      Fungsi
             2023                         Manajemen                Perusahaan           Manajemen atas Kinerja Bank                                           Penunjang Bisnis
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

           CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
           KONSOLIDASIAN                                                                                                                FINANCIAL STATEMENTS
           31 DESEMBER 2023 DAN 2022                                                                                                31 DECEMBER 2023 AND 2022
           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                   (Expressed in millions of Rupiah, unless otherwise stated)

       27. PENYISIHAN (lanjutan)                                                                    27. PROVISIONS (continued)

                c.    Perubahan estimasi kerugian pada komitmen                                              c.   The movements of estimated losses on
                      dan kontinjensi adalah sebagai berikut:                                                     commitments and contingencies are as
                      (lanjutan)                                                                                  follows: (continued)

                                                                                                   2022
                                                                                                             Kerugian kredit
                                                                                       Kerugian kredit        ekspektasian
                                                                                        ekspektasian           sepanjang
                                                                                          sepanjang            umurnya -
                                                            Kerugian kredit           umurnya - kredit            kredit
                                                            ekspektasian 12           tidak memburuk/          memburuk/
                                                                 bulan/               Lifetime ECL Not        Lifetime ECL
                                                             12-month ECL              Credit-impaired       Credit-impaired       Total/Total

                      Irrevocable letters of credit                                                                                                      Irrevocable letters of credit
                      Saldo awal                                         17,439                  85,990                    10              103,439                Beginning balance
                      Pengalihan dari:                                                                                                                                 Transfer from:
                      - Kerugian kredit ekspektasian
                        12 bulan                                          (3,880)                  3,880                       -                     -                   12-month ECL-
                      - Kerugian kredit ekspektasian
                        sepanjang umurnya -                                                                                                                    Lifetime ECL not credit -
                        kredit tidak memburuk                           197,255                (197,255)                       -                     -                      -impaired
                      - Pengalihan dari/ke
                      kerugian kredit ekspektasian
                        sepanjang umurnya -                                                                                                                   Transfer from/to lifetime-
                        kredit memburuk                                           -              (22,156)              22,156                        -        ECL credit-impaired -net
                      Pengukuran kembali bersih                                                                                                                  Net remeasurement of
                        penyisihan kerugian*)                          (162,680)                344,277              347,402               528,999                    loss allowance*)
                      Aset keuangan baru yang                                                                                                                      New financial assets
                        diterbitkan atau dibeli                           18,753                  77,860               54,084              150,697            originated or purchased
                      Pembayaran penuh                                   (38,604)               (227,397)            (119,114)            (385,115)                      Full repayment
                      Valuta asing dan                                                                                                                           Foreign exchange and
                        perubahan lain                                     1,978                   4,425                3,498                9,901                   other movements

                                                                         30,261                  69,624              308,036               407,921
       

                      *) Termasuk di dalam pengukuran kembali bersih penyisihan                                       Including in the net remeasurement of loss allowance is impact of
                         kerugian, adalah dampak akuisisi.                                                                                                                acquisition*)

                                                                                                   2023
                                                                                                             Kerugian kredit
                                                                                       Kerugian kredit        ekspektasian
                                                                                        ekspektasian           sepanjang
                                                                                          sepanjang            umurnya -
                                                            Kerugian kredit           umurnya - kredit            kredit
                                                            ekspektasian 12           tidak memburuk/          memburuk/
                                                            bulan/12-month            Lifetime ECL Not        Lifetime ECL
                                                                 ECL                   Credit-impaired       Credit-impaired       Total/Total

                      Fasilitas kredit kepada                                                                                                                   Unused loan facilities
                         nasabah yang belum ditarik                                                                                                                      to debtors
                      Saldo awal                                        347,373                          -                     -         347,373                   Beginning balance
                      Pengalihan dari:                                                                                                                                 Transfer from:
                      - Kerugian kredit ekspektasian
                         12 bulan                                        (27,489)                27,489                        -                 -                       12-month ECL-
                       - Pengalihan ke:                                                                                                                                     Transfer to:
                       - Kerugian kredit ekspektasian
                         sepanjang umurnya -                                                                                                                   Lifetime ECL not credit -
                         kredit tidak memburuk                           19,600                  (19,600)                      -                 -                           impaired
                      - Kerugian kredit ekspektasian
                         sepanjang umurnya -
                         kredit memburuk                                  (1,817)                        -              1,817                    -       Lifetime ECL credit-impaired -
                      Pengukuran kembali bersih                                                                                                             Net remeasurement of loss
                         penyisihan kerugian*)                         (454,075)                  (7,853)              (1,817)          (463,745)                           allowance*)
                      Aset keuangan baru yang                                                                                                                       New financial assets
                         diterbitkan atau dibeli                         63,636                       -                        -          63,636               originated or purchased
                      Pembayaran penuh                                  390,823                      25                        -         390,848                         Full repayment
                      Penghapusbukuan                                      (671)                      -                        -            (671)                               Write-offs
                      Valuta asing dan                                                                                                                            Foreign exchange and
                         perubahan lain                                      (55)                        1                     -              (54)                    other movements

                                                                        337,325                      62                        -         337,387




                                                                              Halaman - 153 - Page
1278   Menduniakan Bisnis Indonesia
Page 692
         Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                                 PT BANK NEGARA           Sosial
                                                                     INDONESIA       Komitmen Tbk
                                                                                 (PERSERO)                                                 Laporan
          Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                                                Keuangan
                                                     DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                  31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                    (Expressed in millions of Rupiah, unless otherwise stated)

27. PENYISIHAN (lanjutan)                                                                 27. PROVISIONS (continued)

    c.       Perubahan estimasi kerugian pada komitmen                                            c.      The movements of estimated losses on
             dan kontinjensi adalah sebagai berikut:                                                      commitments and contingencies are as
             (lanjutan)                                                                                   follows: (continued)

                                                                                        2022
                                                                                                  Kerugian kredit
                                                                            Kerugian kredit        ekspektasian
                                                                             ekspektasian           sepanjang
                                                                               sepanjang            umurnya -
                                                   Kerugian kredit         umurnya - kredit            kredit
                                                   ekspektasian 12         tidak memburuk/          memburuk/
                                                   bulan/12-month          Lifetime ECL Not        Lifetime ECL
                                                        ECL                 Credit-impaired       Credit-impaired         Total/Total

             Fasilitas kredit kepada                                                                                                                  Unused loan facilities
                nasabah yang belum ditarik                                                                                                                     to debtors
             Saldo awal                                        370,916                        -                      -           370,916                 Beginning balance
             Pengalihan dari:                                                                                                                                Transfer from:
             - Kerugian kredit ekspektasian
                12 bulan                                        (32,879)               32,879                        -                   -                     12-month ECL-
              - Pengalihan ke:                                                                                                                                    Transfer to:
              - Kerugian kredit ekspektasian
                sepanjang umurnya -                                                                                                                  Lifetime ECL not credit -
                kredit tidak memburuk                             7,181                 (7,181)                      -                   -                         impaired
             - Kerugian kredit ekspektasian
                sepanjang umurnya -
                kredit memburuk                                     (96)                   (51)                   147                    -     Lifetime ECL credit-impaired -
             Pengukuran kembali bersih                                                                                                            Net remeasurement of loss
                penyisihan kerugian*)                         (446,166)                (25,674)                  (147)           (471,987)                        allowance*)
             Aset keuangan baru yang                                                                                                                      New financial assets
                diterbitkan atau dibeli                         68,475                      -                        -            68,475             originated or purchased
             Pembayaran penuh                                  381,763                     24                        -           381,787                       Full repayment
             Penghapusbukuan                                    (2,512)                     -                        -            (2,512)                             Write-offs
             Valuta asing dan                                                                                                                           Foreign exchange and
                perubahan lain                                      691                       3                      -                694                   other movements
                                                               347,373                        -                      -           347,373


             *) Termasuk di dalam pengukuran kembali bersih penyisihan                                           Including in the net remeasurement of loss allowance is impact of
                kerugian, adalah dampak akuisisi                                                                                                                     acquisition*)


    Manajemen berpendapat bahwa estimasi kerugian                                                      Management believes that the estimated losses on
    pada komitmen dan kontinjensi di atas telah                                                        commitments and contingencies are adequate.
    memadai.


28. LIABILITAS LAIN-LAIN                                                                  28. OTHER LIABILITIES

                                                                    2023                                2022
    Utang ke pemegang polis                                               17,010,970                      15,967,679                   Obligation to policyholders
    Term Deposit Valas Devisa Hasil                                                                                              Foreign Exchange Term Deposit
       Ekspor                                                              2,540,505                                -                     from Export Activities
    Liabilitas sewa                                                        1,287,369                        1,146,127                               Lease liabilities
    Utang bunga                                                            1,145,545                          893,932                              Interest payable
    Utang nasabah - Entitas anak                                             753,482                          253,890          Payable to customers - Subsidiary
    Setoran jaminan                                                          509,379                          325,915                         Guarantee deposits
    Pendapatan yang belum diakui*)                                           436,658                          537,348                          Unearned income*)
    Kewajiban pada pihak ketiga                                              225,555                          153,272                      Liability to third parties
    Rekening dalam penyelesaian                                              194,275                          241,464                           Unsettled account
    Utang reasuransi dan komisi                                               44,073                           90,328       Reinsurance payable and commission
    Lain-lain                                                              1,977,086                        1,519,425                                         Others
                                                                         26,124,897                       21,129,380

    *)                                                                                            *)
         Termasuk di dalam pendapatan yang belum diakui adalah klaim                                   Including in unearned income is insurance claim that has been
         asuransi yang telah diterima oleh Bank atas Kredit Usaha                                      received by the Bank from Kredit Usaha Rakyat (KUR).
         Rakyat (KUR).




                                                                     Halaman - 154 - Page
                                                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk            1279
Page 693
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                           Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank                Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       28. LIABILITAS LAIN-LAIN (lanjutan)                                  28. OTHER LIABILITIES (continued)

            Term Deposit Valas Devisa Hasil Ekspor                               Term Deposits of Foreign Exchange from Export
            merupakan suatu instrumen dimana dana devisa                         Proceeds is an instrument where foreign exchange
            hasil ekspor dari rekening khusus eksportir                          from export proceeds from exporters’ special
            ditempatkan pada Bank Indonesia melalui rekening                     account are placed in Bank Indonesia through
            Bank sesuai mekanisme pasar.                                         Bank’s accounts in accordance with market
                                                                                 mechanisms.

            Utang ke pemegang polis                                              Obligation to policyholders

            Utang kepada pemegang polis merupakan liabilitas                     Obligation to policyholders represent liabilities of
            Entitas Anak yang terdiri dari liabilitas kontrak                    Subsidiary which consist of liabilities for long-term
            asuransi jangka panjang, liabilitas manfaat polis                    insurance contracts, liabilities for future policy
            masa depan, cadangan premi yang belum                                benefits, unearned premium reserves and
            merupakan pendapatan dan estimasi klaim.                             estimated claims.

            Rincian jumlah utang kepada pemegang polis                           Details of obligation to policyholders represent
            adalah sebagai berikut:                                              liabilities are as follows:

                                                           2023                    2022

            Utang klaim                                             1,533                   2,865              Obligation to policyholders
            Cadangan atas premi yang belum                                                                   Unearned premium reserves
               mendapatkan pendapatan                             134,610                  89,490             estimated claim liabilities
            Estimasi liabilitas klaim                             259,964                 264,869               Estimated claim liabilities
            Liabilitas manfaat polis                                                                                   Liabilities for future
               masa depan                                    10,176,551                9,286,606                            policy benefits
            Penyisihan manfaat polis                                                                                 Provision for liabilities
               masa depan dan kontribusi yang                                                                  for future policy benefits
               belum menjadi hak                                  135,181                 133,615           and unearned contributions
            Liabilitas kepada                                                                                       Liabilities to unit linked
               pemegang unit link                             6,282,559                6,170,446                                    holders
            Ujrah diterima dimuka                                20,572                   19,788                            Unearned Ujrah
                                                             17,010,970               15,967,679


            Grup mengakui liabilitas manfaat polis masa                          The Group recognized liabilities for future policy
            depan, penyisihan kontribusi yang belum menjadi                      benefits, unearned contributions provisions,
            hak, estimasi liabilitas klaim dan premi yang belum                  estimated claim liabilities and unearned premiums
            merupakan pendapatan berdasarkan perhitungan                         as of 31 December 2023 and 2022, based on
            internal aktuaris pada tanggal 31 Desember 2023                      internal actuary’s calculations.
            dan 2022.

            a.    Liabilitas manfaat polis masa depan                            a.   Liabilities for future policy benefits

                  Liabilitas  manfaat     polis  masa     depan                       Liabilities for future policy benefits represents
                  merupakan total dana yang disediakan untuk                          amount provided for all obligations arising
                  seluruh    kewajiban      yang   timbul    dari                     from the terms of the policies in force at
                  persyaratan yang tertera pada polis-polis yang                      the statement of financial position. The
                  masih berlaku pada tanggal laporan posisi                           computation of liabilities for future policy
                  keuangan. Perhitungan liabilitas manfaat polis                      benefits is based on the following actuarial
                  masa depan menggunakan asumsi-asumsi                                assumptions:
                  aktuaria sebagai berikut:




                                                           Halaman - 155 - Page
1280   Menduniakan Bisnis Indonesia
Page 694
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                               Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                              Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

28. LIABILITAS LAIN-LAIN (lanjutan)                                  28. OTHER LIABILITIES (continued)

    Utang ke pemegang polis (lanjutan)                                   Obligation to policyholders (continued)

    a.   Liabilitas manfaat polis masa depan (lanjutan)                  a.    Liabilities for future policy benefits (continued)

                                                   2023                       2022

         Metode aktuaria                         Gross Premium        Gross Premium                                     Actuarial methods
                                                       Valuation             Valuation
                                                       and Fund              and Fund
                                                           Value                Value
         Tabel mortalitas                          TMI IV (2019)        TMI IV (2019)                                      Mortality tables
         Tabel morbiditas                       Munich Re basis      Munich Re basis                                       Morbidity tables
                                                  Hospitalisation      Hospitalisation
                                              (Health Insurance     (Health Insurance
                                                    & Cash Plan)         & Cash Plan)
         Suku bunga tahunan                                                                                            Annual interest rate
           Rupiah                                6.54% - 7.45%        4.60% - 7.35%                                               Rupiah
           Dolar Amerika Serikat                 5.40% - 5.86%        3.18% - 4.99%                                             US Dollar

         Asumsi    lain   yang     digunakan      dalam                        Other assumptions used in the calculation of
         perhitungan liabilitas manfaat polis masa                             liabilities for future policy benefits include lapse
         depan adalah tingkat lapse, inflasi dan asumsi                        rate, inflation and expense assumption.
         biaya.

         Perhitungan liabilitas manfaat polis masa                             The calculation of the liability for future policy
         depan dan cadangan atas premi yang belum                              benefits and unearned premium reserves as of
         merupakan      pendapatan   pada    tanggal                           31 December 2023 were reviewed by the
         31 Desember 2023 telah diperiksa oleh                                 Group’s actuary.
         aktuaris Grup.

         Rincian liabilitas manfaat polis masa depan                           Details of liabilities for future policy benefits are
         adalah sebagai berikut:                                               as follows:

                                                   2023                       2022

         Asuransi jiwa                                                                                                     Life insurance
         Perorangan                                   9,186,453            8,243,904                                             Individual
         Kumpulan                                       990,098            1,042,702                                                Group

                                                    10,176,551             9,286,606

         Unit Link                                                                                                                Unit Link
         Perorangan                                   2,113,937            2,511,141                                              Individual
         Kumpulan                                     4,168,622            3,659,305                                                 Group

                                                      6,282,559            6,170,446
         Syariah                                                                                                                     Sharia
         Perorangan                                     124,419               124,549                                             Individual
         Kumpulan                                            17                    18                                                Group

                                                        124,436               124,567

                                                    16,583,546            15,581,619




                                                    Halaman - 156 - Page
                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1281
Page 695
       Performa                   Laporan                  Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                            Fungsi
         2023                    Manajemen              Perusahaan           Manajemen atas Kinerja Bank                 Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                        31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

       28. LIABILITAS LAIN-LAIN (lanjutan)                                    28. OTHER LIABILITIES (continued)

            Utang ke pemegang polis (lanjutan)                                     Obligation to policyholders (continued)

            a.    Liabilitas manfaat polis masa depan (lanjutan)                   a.     Liabilities for future policy benefits (continued)

                  Termasuk dalam liabilitas manfaat polis masa                           Included in the above liabilities for future policy
                  depan adalah saldo dalam mata uang asing                               benefits are balances in foreign currencies
                  sebesar USD5.084.024 (nilai penuh) atau                                amounting to USD5,084,024 (full amount) or
                  ekuivalen Rp78.375 (2022: USD5.465.902                                 equivalent Rp78,375 (2022: USD 5,465,902
                  (nilai penuh)).                                                        (full amount)).

            b.    Penyisihan manfaat polis masa depan dan                          b.     Provision for future policy          benefits     and
                  kontribusi yang belum menjadi hak                                       unearned contributions

                  Penyisihan manfaat polis masa depan                                     Provision for future policy benefits represent
                  merupakan total penyisihan untuk memenuhi                               reserves amount provided for such risks
                  risiko yang timbul pada periode mendatang.                              arising in future periods. The computation is
                  Perhitungan menggunakan asumsi-asumsi                                   based on the following actuarial assumptions:
                  aktuaria sebagai berikut:

                                                             2023                       2022

                   Metode aktuaria                                    GPV                      GPV                             Actuarial method
                                                              hanya untuk              hanya untuk
                                                             dana tabarru/            dana tabarru/
                                                                   only for                 only for
                                                            tabarru’ funds           tabarru’ funds
                   Tabel mortalita                          TMI III (2011)           TMI III (2011)                              Mortality tables
                                                          Rate reasuransi          Rate reasuransi
                                                          (Kecelakaan diri         (Kecelakaan diri
                                                         Grup, Ekawarsa)          Grup, Ekawarsa)
                                                             /Reinsurance             /Reinsurance
                                                     rate (Group personal     rate (Group personal
                                                          accident, Yearly         accident, Yearly
                                                                 term life)               term life)
                   Tabel morbidita                       Munich Re basis          Munich Re basis                                Morbidity tables
                                                       (Health Insurance)        (Health Insurance )
                   Tingkat bagi hasil tahunan                                                                         Annual profit sharing rate
                      hanya untuk dana tabarru’                                                                        only for tabarru’ funds
                      Rupiah                               6.04% - 6.92%            4.60% - 7.35%                                      Rupiah

                  Rincian penyisihan manfaat polis masa depan                            Details of provision for future policy benefits
                  dan kontribusi yang belum menjadi hak adalah                           and unearned contributions are as follows:
                  sebagai berikut:

                                                              2023                 2022

                   Syariah                                                                                                               Sharia
                   Penyisihan manfaat polis                                                                                  Provision for future
                     masa depan                                   124,436               124,565                                 policy benefit
                   Kontribusi yang belum
                     menjadi hak                                    10,745                 9,050                       Unearned contributions

                                                                  135,181               133,615




                                                             Halaman - 157 - Page
1282   Menduniakan Bisnis Indonesia
Page 696
     Permodalan & Praktik         Tata Kelola     Tanggung Jawab
                                        PT BANK NEGARA           Sosial
                                                            INDONESIA       Komitmen Tbk
                                                                        (PERSERO)                           Laporan
      Manajemen Risiko            Perusahaan         dan Lingkungan           ESG                          Keuangan
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

28. LIABILITAS LAIN-LAIN (lanjutan)                                 28. OTHER LIABILITIES (continued)

    Utang ke pemegang polis (lanjutan)                                  Obligation to policyholders (continued)

    c.   Premi yang belum merupakan pendapatan                          c.     Unearned premium reserves

         Premi yang belum merupakan pendapatan                                Unearned premium reserves                    by    type of
         menurut jenis asuransi adalah sebagai berikut:                       insurance are as follows:

                                                     2023               2022

         Asuransi jiwa                                                                                                   Life insurance
         Perorangan                                                                                                            Individual
         Kecelakaan diri                                   20,584             21,688                                   Personal accident
         Kesehatan                                          8,491              3,375                                              Health
         Ekawarsa                                           2,712              3,148                                            Term life
         Link                                               2,323              2,788                                                 Link

                                                           34,110             30,999

         Kumpulan                                                                                                                 Group
         Kesehatan                                         93,172             51,259                                              Health
         Ekawarsa                                           4,919              3,892                                           Term life
         Kecelakaan diri                                    2,294              3,218                                   Personal accident
         Link                                                 115                122                                                Link

                                                        100,500               58,491

                                                        134,610               89,490

    d.   Estimasi liabilitas klaim                                      d.     Estimated claim liabilities

         Estimasi liabilitas klaim menurut jenis asuransi                     Estimated claim liabilities by type of insurance
         adalah sebagai berikut:                                              are as follows:

                                                     2023               2022

           Asuransi jiwa                                                                                                   Life insurance
           Perorangan                                                                                                            Individual
           Jangkawarsa                                     72,436             77,496                                              Term life
           Kesehatan                                       13,670              8,337                                                Health
           Kecelakaan diri                                  4,483              2,522                                     Personal Accident
           Ekawarsa                                           514              1,710                                              Term life

           Kumpulan                                                                                                                    Group
           Kesehatan                                     71,227               51,179                                                  Health
           Seumur hidup                                  75,023               89,797                                                Life time
                                                        237,353              231,041

           Syariah                                                                                                                    Sharia
           Perorangan                                                                                                              Individual
           Jangkawarsa                                        86               5,480                                                Term life

           Kumpulan                                                                                                                 Group
           Asuransi jiwa kredit                            15,587             23,954                                            Credit life
           Kesehatan                                        5,863              3,338                                                Health
           Kecelakaan diri                                    994              1,056                                     Personal accident
           Ekawarsa                                            81                  -                                             Term life

                                                           22,611             33,828

                                                        259,964              264,869




                                                    Halaman - 158 - Page
                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1283
Page 697
       Performa                     Laporan                   Profil
                                                 PT BANK NEGARA                   Analisa dan Pembahasan
                                                                      INDONESIA (PERSERO)        Tbk                             Fungsi
         2023                      Manajemen               Perusahaan           Manajemen atas Kinerja Bank                  Penunjang Bisnis
                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

       28. LIABILITAS LAIN-LAIN (lanjutan)                                          28. OTHER LIABILITIES (continued)

            Utang ke pemegang polis (lanjutan)                                             Obligation to policyholders (continued)

            e.    Utang klaim                                                              e.     Claim payables

                                                                   2023                    2022
                  Asuransi jiwa                                                                                                    Life insurance
                  Kesehatan                                                703                           1                                  Health
                  Jatuh tempo                                                -                         178                               Maturities
                  Kematian                                                 396                          23                                   Death
                  Penebusan                                                  -                          14                               Surrender

                                                                          1,099                        216
                  Syariah                                                                                                                       Sharia
                  Kesehatan                                                434                      409                                         Health
                  Kematian                                                   -                    2,240                                          Death

                                                                           434                    2,649

                                                                          1,533                   2,865

            Tabel berikut menyajikan sensitivitas dari nilai                               The following tables present the sensitivity of the
            liabilitas asuransi terhadap perubahan asumsi yang                             value of insurance liabilities to the movements in
            digunakan dalam estimasi liabilitas asuransi.                                  the assumptions used in the estimation of
            Korelasi asumsi akan memiliki dampak yang                                      insurance liabilities. The correlation of assumptions
            signifikan dalam menentukan cadangan teknis,                                   will have a significant effect in determining the
            tetapi untuk menunjukkan dampak akibat                                         ultimate technical reserves, but to demonstrate the
            perubahan asumsi, asumsi harus diubah secara                                   impact due to changes in assumptions,
            individual. Tabel ini juga menunjukkan dampak                                  assumptions had to be changed on an individual
            terhadap cadangan teknis akibat perubahan                                      basis. This table also indicates the impact on the
            asumsi aktuaria (tidak diaudit).                                               technical reserve due to the changes in the
                                                                                           actuarial assumptions (unaudited).
                                                                              Saldo liabilitas asuransi/
                                                                           Balance of insurance liabilities

                                                    Persentase
                                                    perubahan/
                                               Percentage of change          2023                      2022

            Tingkat suku bunga                               +1%              16,433,969                 15,459,630                      Interest rate
            Tingkat suku bunga                               -1%              17,287,845                 16,152,383                      Interest rate
            Tingkat mortalitas                              +10%              16,905,890                 15,857,994                     Mortality rate
            Tingkat mortalitas                              -10%              16,758,319                 15,701,376                     Mortality rate

            Liabilitas lain-lain                                                        Other liabilities

            Jumlah beban bunga atas liabilitas sewa sebesar                             The balances of interest expense from lease
            Rp43.171 pada tanggal 31 Desember 2023 dan                                  liabilities amounted to Rp43,171     as of
            Rp44.601 pada tanggal 31 Desember 2022.                                     31 December 2023 and Rp44,601 as of
                                                                                        31 December 2022.

            Analisis jatuh tempo liabilitas lain-lain terkait sewa                      The maturity analysis of other liabilities related to
            adalah sebagai berikut:                                                     lease is as follows:

                                                                2023                            2022
            1 tahun                                                    183,518                         312,059                                   1 year
            2 tahun                                                    310,103                         223,400                                  2 years
            3 tahun                                                    175,230                         181,578                                  3 years
            4 tahun                                                    198,461                         109,315                                  4 years
            5 tahun                                                    420,057                         319,775                                  5 years
                                                                      1,287,369                   1,146,127




                                                                   Halaman - 159 - Page
1284   Menduniakan Bisnis Indonesia
Page 698
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                                Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                               Keuangan
                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                           31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

29. PERPAJAKAN                                                         29. TAXATION

    a.   Pajak dibayar di muka                                            a.      Prepaid taxes
                                                   2023                         2022

         Pajak penghasilan badan                                                                                      Corporate income tax
           BNI                                             626,869                     626,869                                       BNI
           Entitas Anak                                     16,515                      16,694                               Subsidiaries
                                                           643,384                     643,563


    b.   Utang pajak                                                       b.     Taxes payable
                                                   2023                         2022

         Pajak penghasilan badan                                                                                      Corporate income tax
         BNI                                                                                                                            BNI
           Pasal 25                                        110,481                  262,222                                    Article 25
           Pasal 29                                        569,188                1,108,655                                    Article 29
                                                           679,669                1,370,877
         Entitas Anak                                                                                                            Subsidiaries
           Pasal 25                                            408                       4,977                                   Article 25
           Pasal 29                                         21,843                      15,841                                   Article 29
         Total pajak penghasilan badan                     701,920                 1,391,695                    Total corporate income tax

         Pajak lainnya                                                                                                          Other taxes
           BNI                                             101,409                     149,811                                        BNI
           Entitas Anak                                     19,644                       9,540                                Subsidiaries
         Total pajak lainnya                               121,053                     159,351                             Total other taxes
                                                           822,973                 1,551,046


    c.   Beban pajak                                                       c.     Tax expense
                                                   2023                         2022

         BNI                                                                                                                             BNI
           Kini                                       4,386,618                    4,997,178                                       Current
           Tangguhan                                     84,783                     (817,700)                                     Deferred
         Pajak penghasilan - BNI                      4,471,401                    4,179,478                               Income tax - BNI

         Entitas Anak                                                                                                            Subsidiaries
           Kini                                             75,434                       44,089                                    Current
           Tangguhan                                       (13,325)                     (18,639)                                  Deferred
         Pajak penghasilan - Entitas Anak                   62,109                      25,450                   Income tax - Subsidiaries
                                                      4,533,510                    4,204,928


         Rekonsiliasi antara beban pajak penghasilan                              The reconciliation between income tax
         dengan hasil perkalian laba akuntansi sebelum                            expense and the theoretical tax amount on the
         pajak penghasilan dan tarif pajak yang berlaku                           profit before income tax is as follows:
         adalah sebagai berikut:
                                                   2023                         2022
         Laba konsolidasian                                                                                          Consolidated income
           sebelum pajak penghasilan                 25,639,738                   22,686,708                          before income tax
         Pajak dihitung dengan tarif                                                                           Tax calculated at applicable
           pajak yang berlaku                         4,883,074                    4,309,691                                   tax rates
         Pendapatan yang tidak dapat
           dikurangkan untuk tujuan                                                                                             Income not
           perpajakan                                                                                            deductible for tax purpose
           BNI                                         (327,163)                       (135,962)                                      BNI
           Entitas Anak                                 (22,401)                         31,199                              Subsidiaries
         Total dampak pajak penghasilan                    (349,564)                   (104,763)                  Total income tax impact
         Beban pajak                                   4,533,510                  4,204,928                                   Tax expense




                                                    Halaman - 160 - Page
                                                                                   Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1285
Page 699
       Performa                    Laporan                    Profil
                                                 PT BANK NEGARA                   Analisa dan Pembahasan
                                                                      INDONESIA (PERSERO)        Tbk                               Fungsi
         2023                     Manajemen                Perusahaan           Manajemen atas Kinerja Bank                    Penunjang Bisnis
                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                            31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

       29. PERPAJAKAN (lanjutan)                                                     29. TAXATION (continued)

            c.    Beban pajak (lanjutan)                                                 c.   Tax expense (continued)

                  Rekonsiliasi antara laba sebelum pajak                                      A reconciliation between the income before
                  penghasilan menurut laba rugi BNI dengan                                    tax as shown in BNI’s profit and loss and
                  estimasi penghasilan kena pajak adalah                                      estimated taxable income is as follows:
                  sebagai berikut:
                                                                   2023                       2022
                  Grup                                                                                                                    The Group
                  Laba konsolidasian                                                                                          Consolidated income
                    sebelum pajak penghasilan                         25,639,738                22,686,708                     before income tax
                  Laba sebelum pajak penghasilan                                                                         Income before income tax
                    dari Entitas Anak, setelah eliminasi                  (384,139)                  26,130      of Subsidiaries, after elimination

                  Laba sebelum pajak penghasilan - BNI               25,255,599                 22,712,838          Income before income tax - BNI


                  Beda waktu                                                                                                     Timing differences
                  - Penyusutan aset tetap                                 129,640                 207,264             Depreciation of fixed assets -
                  - Pencadangan
                      kerugian penurunan                                                                                               Provision for -
                      nilai aset produktif - pinjaman                                                                        impairment losses
                      yang diberikan                                      284,088                1,882,007            on earning assets - loans
                  - Pembalikan cadangan hukum,                                                                              Reversal of allowance -
                      kecurangan (fraud) dan lainnya                       (7,000)                   (29,685)        for legal, fraud and others
                  - Laba yang belum
                      direalisasi atas efek                                                                            Unrealized gain on trading -
                      yang diperdagangkan dan                                                                          securities and derivative
                      transaksi derivatif                              (334,840)                   471,293                         transactions
                  - Pembentukan                                                                                                        Provision for -
                      cadangan imbalan                                                                                              allowance for
                      kerja                                               218,287                    72,195                  employee benefits
                  - Amortisasi aset atas hak guna                          28,857                    18,420     Right of use of asset amortization -
                  - Penambahan cadangan
                      kerugian penurunan nilai aset                                                                      Provision for impairment -
                      produktif selain pinjaman                                                                     earning assets - other than
                      yang diberikan                                   (719,889)                   574,609                                loans
                  - Modifikasi arus kas
                      kontraktual pinjaman                                                                              Modification of contractual -
                      yang diberikan                                      (45,370)               2,071,927                                loans

                                                                       (446,227)                 5,268,030


                  Beda tetap                                                                                               Permanent differences
                  - Kenikmatan karyawan                                 288,574                    668,619            Employees’ fringe benefits -
                  - Keuntungan atas reksadana                          (797,876)                  (978,759)               Gain on mutual funds -
                  - Laba dari cabang luar negeri                       (515,555)                  (942,624) Profit from overseas branch offices -
                  - Lain-lain                                          (697,053)                  (427,168)                              Others -
                                                                     (1,721,910)                (1,679,932)
                  Penghasilan kena pajak - BNI                       23,087,462                 26,300,936                     Taxable income - BNI




                                                                Halaman - 161 - Page
1286   Menduniakan Bisnis Indonesia
Page 700
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                                 Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                                Keuangan
                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                        31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

29. PERPAJAKAN (lanjutan)                                                29. TAXATION (continued)

    c.   Beban pajak (lanjutan)                                              c.   Tax expense (continued)
         Beban pajak penghasilan tahun berjalan dan                               Taxable income for the current year and the
         taksiran utang pajak penghasilan BNI adalah                              estimated corporate income tax payable of BNI
         sebagai berikut:                                                         are as follows:

                                                      2023                        2022

         Beban pajak penghasilan sesuai                                                                           Income tax based on the
           tarif pajak yang berlaku                                                                                  applicable tax rates
           19% x Rp23.087.462                              4,386,618                         -                     19% x Rp23,087,462
           19% x Rp26.300.936                                      -                 4,997,178                     19% x Rp26,300,936
         Beban pajak penghasilan                            4,386,618                4,997,178             Corporate income tax expense
         Pajak dibayar di muka                             (3,706,949)              (3,626,301)                              Prepaid tax

         Utang pajak                                                                                                   Corporate income tax
           penghasilan - BNI                                 679,669                 1,370,877                             payable - BNI


         Pada tanggal 31 Maret 2020, Pemerintah                                   On 31 March 2020, the Government issue
         menerbitkan Peraturan Pemerintah Pengganti                               Government Regulation in Lieu of Law (Perpu)
         Undang-Undang (Perpu) Republik Indonesia                                 of the Republic of Indonesia No. 1 year 2020
         No. 1 Tahun 2020 yang telah menjadi                                      which has become Law (UU) No. 2 year 2020,
         Undang-Undang (UU) No. 2 Tahun 2020,                                     as well as stipulated Government Regulation
         serta menetapkan Peraturan Pemerintah (PP)                               (PP) No. 30 year 2020 concerning Tariff
         No. 30 Tahun 2020 tentang Penurunan Tarif                                Reduction for Domestic Public Companies
         Pajak Penghasilan bagi Wajib Pajak Badan                                 Taxpayers and effective since 19 June 2020.
         Dalam Negeri yang Berbentuk Perseroan                                    The regulation has stipulated the reduction in
         Terbuka dan berlaku sejak tanggal 19 Juni                                the income tax rates for domestic corporate
         2020.    Aturan      tersebut    menetapkan                              taxpayers and business establishments from
         penurunan tarif pajak penghasilan wajib pajak                            25% to 22% for Fiscal Year 2020 and 2021
         badan dalam negeri dan bentuk usaha tetap                                and 20% for the Fiscal Year 2022 onwards.
         dari semula 25% menjadi 22% untuk tahun
         pajak 2020 dan 2021 dan 20% mulai tahun
         pajak 2022 dan seterusnya.

         Pada tanggal 29 Oktober 2021, Pemerintah                                 On 29 October 2021, the Government issue
         menerbitkan      Undang-Undang      Republik                             Law of the Republic of Indonesia No.7 year
         Indonesia No. 7 Tahun 2021 tentang                                       2021 concerning Harmonization of Tax
         Harmonisasi Peraturan Perpajakan. Aturan                                 Regulations. The regulation has stipulated the
         tersebut menetapkan tarif pajak penghasilan                              income tax rate for domestic taxpayers and
         wajib pajak dalam negeri dan bentuk usaha                                business establishments of 22% which will be
         tetap sebesar 22% yang mulai berlaku pada                                effective from the Fiscal Year 2022 onwards,
         tahun pajak 2022 dan seterusnya, dan                                     and a further reduction of the tax rate by 3%
         pengurangan tarif pajak sebesar 3% untuk                                 for domestic taxpayers who meet certain
         wajib pajak dalam negeri yang memenuhi                                   requirements. Hence, the previously tax rate
         syarat tertentu. Dengan demikian, penetapan                              determination of 20% will be invalid after the
         tarif pajak sebelumnya sebesar 20% menjadi                               ratification of this Law.
         tidak berlaku setelah Undang-Undang ini
         disahkan.




                                                    Halaman - 162 - Page
                                                                                   Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1287
Page 701
           Performa                  Laporan                 Profil
                                                PT BANK NEGARA                   Analisa dan Pembahasan
                                                                     INDONESIA (PERSERO)        Tbk                        Fungsi
             2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

           CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
           KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
           31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       29. PERPAJAKAN (lanjutan)                                                29. TAXATION (continued)

                c.    Beban pajak (lanjutan)                                         c.   Tax expense (continued)

                      Untuk tahun pajak 2023 dan 2022,                                    For the fiscal year 2023 and 2022, based on
                      berdasarkan Pasal 3 dari Peraturan                                  Article 3 of Government Regulation No. 30
                      Pemerintah No. 30 tahun 2020 tentang                                year 2020 regarding the Decrease in Income
                      Penurunan Tarif Pajak Penghasilan ("PPh")                           Tax Rates ("PPh") for Domestic Corporate Tax
                      bagi Wajib Pajak Badan Dalam Negeri Yang                            Payers in the Form of Public Companies, tax
                      Berbentuk Perseroan Terbuka, Wajib Pajak                            payers can obtain a reduction in the PPh rate
                      dapat memperoleh penurunan tarif PPh                                of 3% (three percent) lower than the rate of
                      sebesar 3% (tiga persen) lebih rendah dari                          domestic corporate tax payers as regulated in
                      tarif PPh Wajib Pajak Badan dalam negeri                            the Taxation Law, if it meets the following
                      sebagaimana diatur dalam Undang-undang                              additional criteria:
                      Perpajakan tersebut diatas apabila memenuhi
                      tambahan kriteria sebagai berikut:

                      1.   Jumlah kepemilikan saham publiknya                             1.   The public owned 40% (forty percent) or
                           40% (empat puluh persen) atau lebih dari                            more of the total paid up shares and those
                           keseluruhan saham yang disetor dan                                  shares are owned by at least 300 (three
                           saham tersebut dimiliki paling sedikit oleh                         hundred) parties.
                           300 (tiga ratus) pihak.
                      2.   Masing-masing pihak yang dimaksud di                           2.   Each party can only own less than 5%
                           atas hanya boleh memiliki saham kurang                              (five percent) of total paid-up shares.
                           dari 5% (lima persen) dari keseluruhan
                           saham yang disetor.
                      3.   Ketentuan tersebut harus dipenuhi oleh                         3.   The tax payer should fulfill the above
                           Wajib Pajak dalam waktu paling singkat 6                            mentioned criteria at least within 6 (six)
                           (enam) bulan (183 (seratus delapan                                  months (183 (one hundred and eighty
                           puluh tiga) hari kalender) dalam jangka                             three) calendar days) in 1 (one) fiscal
                           waktu 1 (satu) tahun pajak.                                         year.
                      4.   Pihak-pihak yang memenuhi persyaratan                          4.   Parties that meet the requirements of 300
                           300 (tiga ratus) pihak dan 5% (lima                                 (three hundred) parties and 5% (five
                           persen) sebagaimana di atas, tidak                                  percent) as stated above, do not include:
                           termasuk:     Wajib     Pajak   Perseroan                           Public Company Tax Payers who buy
                           Terbuka      yang     membeli     kembali                           back their shares; and/or Those who have
                           sahamnya; dan/atau yang memiliki                                    a special relationship as stipulated in the
                           hubungan istimewa sebagaimana diatur                                Income Tax Law with Public Company Tax
                           dalam         Undang-Undang          Pajak                          Payers (reflected in: share ownership by
                           Penghasilan      dengan     Wajib    Pajak                          the controlling party and/or major
                           Perseroan Terbuka (tercermin dari                                   shareholder).
                           kepemilikan saham oleh pengendali
       
                           dan/atau pemegang saham utama).

                      Berdasarkan Laporan Bulanan Kepemilikan                             Based on the Monthly Shareholding Report
                      Saham Nomor DE/I/2024-0032 tanggal                                  Number DE/I/2024-0032 dated 3 January
                      3 Januari 2024 dan Nomor DE/I/2023-0035                             2024 and Number DE/I/2023-0035 dated
                      tanggal 3 Januari 2023 dari Biro Administrasi                       3 January 2023 from the Registrar, Datindo
                      Efek, Datindo Entrycom, atas kepemilikan                            Entrycom, regarding BNI’s shares during the
                      saham BNI masing-masing selama tahun 2023                           year 2023 and year 2022 respectively, BNI has
                      dan tahun 2022, semua kriteria untuk                                met all criteria mentioned above to obtain a
                      memperoleh fasilitas penurunan tarif pajak                          facility of tax rate reduction.
                      tersebut di atas telah terpenuhi.

                      Pajak penghasilan badan BNI untuk tahun                             BNI's corporate income tax for year ended
                      yang    berakhir   pada      tanggal-tanggal                        31 December 2023 and 2022 are calculated
                      31 Desember 2023 dan 2022 telah dihitung                            using the tax rate of 19%.
                      dengan menggunakan tarif pajak 19%.




                                                               Halaman - 163 - Page
1288   Menduniakan Bisnis Indonesia
Page 702
     Permodalan & Praktik             Tata Kelola     Tanggung Jawab
                                            PT BANK NEGARA           Sosial
                                                                INDONESIA       Komitmen Tbk
                                                                            (PERSERO)                                             Laporan
      Manajemen Risiko                Perusahaan         dan Lingkungan           ESG                                            Keuangan
                                             DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                           31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                (Expressed in millions of Rupiah, unless otherwise stated)

29. PERPAJAKAN (lanjutan)                                                          29.      TAXATION (continued)

    d.   Aset pajak tangguhan - bersih                                                      d.    Deferred tax assets - net

         Aset     pajak tangguhan   pada     tanggal                                              The deferred tax assets as of 31 December
         31 Desember 2023 dan 2022 merupakan                                                      2023 and 2022 represent the tax effects on the
         pengaruh beda pajak dengan rincian sebagai                                               following:
         berikut:

                                                                                 2023

                                                               Dikreditkan/
                                                             (dibebankan) ke
                                                            laporan laba rugi
                                                              komprehensif
                                                              konsolidasian/
                                                                 Credited/
                                                               (charged) to
                                                               consolidated
                                                           statement of profit          Dibebankan
                                         Saldo awal/        or loss and other           ke ekuitas/           Saldo akhir/
                                         Beginning           comprehensive              Charged to              Ending
                                          balance                 income                   equity               balance

         Rugi/(laba) yang belum
            direalisasi atas
            aset keuangan yang                                                                                                                Unrealized loss/(gain) on
            diukur pada nilai wajar                                                                                                    financial assets at fair value
            melalui penghasilan                                                                                                                       through other
            komprehensif lain                   296,083                      -                (222,638)                73,445               comprehensive income
         Cadangan kerugian
            penurunan nilai aset
            produktif - pinjaman                                                                                                      Allowance for impairment losses
            yang diberikan                    5,258,654                53,977                         -             5,312,631             on earning assets - loans
         Cadangan imbalan kerja                 659,464                41,475                    97,882               798,821         Allowance for employee benefits
         Cadangan kerugian
            penurunan nilai aset                                                                                                            Allowance for impairment
            produktif - selain                                                                                                          losses on earning assets -
            pinjaman yang diberikan             958,979              (136,780)                         -              822,199                     other than loans
         Cadangan hukum,
            kecurangan (fraud)                                                                                                                     Allowance for legal,
            dan lainnya                           2,788                 (1,330)                        -                1,458                     fraud and others
         (Laba)/rugi yang belum
            direalisasi atas efek                                                                                                               Unrealized (gain) loss
            yang diperdagangkan                                                                                                               on trading securities
            dan transaksi derivatif             (76,971)              (63,620)                         -             (140,591)         and derivative transactions
         Amortisasi Aset-Hak-Guna                13,875                 5,483                          -               19,358        Right-of-Use Assets amortization
         Penyusutan aset tetap                  (20,199)               24,632                          -                4,433             Depreciation of fixed assets
         Modifikasi arus kas
            kontraktual                                                                                                                     Modification of contractual
            pinjaman yang diberikan             393,666                 (8,620)                        -              385,046                 cash flows of loans

         Aset pajak tangguhan
           BNI - bersih                       7,486,339               (84,783)                (124,756)             7,276,800          Net deferred tax assets - BNI
         Aset pajak tangguhan                                                                                                              Net deferred tax assets -
           Entitas Anak - bersih                128,145                                                               163,818                       Subsidiaries
         Aset pajak tangguhan                                                                                                                      Net consolidated
           konsolidasian - bersih             7,614,484                                                             7,440,618                deferred tax assets




                                                             Halaman - 164 - Page
                                                                                                      Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk       1289
Page 703
       Performa                        Laporan                 Profil
                                                  PT BANK NEGARA                   Analisa dan Pembahasan
                                                                       INDONESIA (PERSERO)        Tbk                                           Fungsi
         2023                         Manajemen             Perusahaan           Manajemen atas Kinerja Bank                                Penunjang Bisnis
                                                     DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                           31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                  (Expressed in millions of Rupiah, unless otherwise stated)

       29. PERPAJAKAN (lanjutan)                                                             29. TAXATION (continued)

            d.    Aset pajak tangguhan - bersih (lanjutan)                                           d.     Deferred tax assets - net (continued)

                  Aset     pajak    tangguhan pada   tanggal                                                The deferred tax assets as of 31 December
                  31 Desember 2023 dan 2022 merupakan                                                       2023 and 2022 represent the tax effects on the
                  pengaruh beda pajak dengan rincian sebagai                                                following: (continued)
                  berikut: (lanjutan)

                                                                                          2022
                                                                        Dikreditkan/
                                                                      (dibebankan) ke
                                                                     laporan laba rugi
                                                                       komprehensif
                                                                       konsolidasian/
                                                                          Credited/
                                                                        (charged) to
                                                                        Consolidated
                                                                    statement of profit          Dibebankan
                                                  Saldo awal/        or loss and other           ke ekuitas/         Saldo akhir/
                                                  Beginning           comprehensive              Charged to            Ending
                                                   balance                 income                   equity             balance

                  Rugi/(laba) yang belum
                     direalisasi atas
                     aset keuangan yang                                                                                                         Unrealized loss/(gain) on
                     diukur pada nilai wajar                                                                                             financial assets at fair value
                     melalui penghasilan                                                                                                                through other
                     komprehensif lain                  (262,243)                     -                   558,326           296,083           comprehensive income
                  Cadangan kerugian
                     penurunan nilai aset
                     produktif - pinjaman                                                                                               Allowance for impairment losses
                     yang diberikan                    4,999,538               259,116                          -          5,258,654        on earning assets - loans
                  Cadangan imbalan kerja                 697,843                13,717                    (52,096)           659,464    Allowance for employee benefits
                  Cadangan kerugian
                     penurunan nilai aset                                                                                                     Allowance for impairment
                     produktif - selain                                                                                                   losses on earning assets -
                     pinjaman yang diberikan             934,564                24,415                          -           958,979                 other than loans
                  Cadangan hukum,
                     kecurangan (fraud)                                                                                                              Allowance for legal,
                     dan lainnya                           8,428                 (5,640)                        -              2,788                fraud and others
                  Laba yang belum
                     direalisasi atas efek                                                                                                               Unrealized gain
                     yang diperdagangkan                                                                                                        on trading securities
                     dan transaksi derivatif            (166,517)               89,546                          -            (76,971)    and derivative transactions
                  Amortisasi Aset Hak Guna                10,375                 3,500                          -             13,875    Right of Use Asset amortization
                  Penyusutan aset tetap                  (59,579)               39,380                          -            (20,199)      Depreciation of fixed assets
                  Modifikasi arus kas
                     kontraktual                                                                                                              Modification of contractual
                     pinjaman yang diberikan                    -              393,666                          -           393,666             cash flows of loans

                  Aset pajak tangguhan
                    BNI - bersih                       6,162,409               817,700                    506,230          7,486,339     Net deferred tax assets - BNI
                  Aset pajak tangguhan                                                                                                       Net deferred tax assets -
                    Entitas Anak - bersih                 67,884                                                            128,145                   Subsidiaries
                  Aset pajak tangguhan                                                                                                               Net consolidated
                    konsolidasian - bersih             6,230,293                                                           7,614,484           deferred tax assets



                  Manajemen berpendapat bahwa aset pajak                                                    Management believes that deferred tax assets
                  tangguhan dapat dipulihkan seluruhnya.                                                    are fully realisable.




                                                                      Halaman - 165 - Page
1290   Menduniakan Bisnis Indonesia
Page 704
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                          Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                         Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

29. PERPAJAKAN (lanjutan)                                        29. TAXATION (continued)

    e.   Surat ketetapan pajak                                       e.    Tax assessment letters

         Pada tanggal 5 Februari 2018, BNI telah                           On 5 February 2018, BNI received tax
         menerima Surat Ketetapan Pajak Kurang                             assessment for underpayment of tax (SKPKB)
         Bayar (SKPKB) atas PPh Badan untuk tahun                          which stated that there was an under payment
         fiskal 2015 sebesar Rp2.461.364 (termasuk                         of corporate income tax for fiscal year 2015
         denda) dan disetujui BNI sebesar Rp162.130.                       amounting      to    Rp2,461,364     (including
         Pada tanggal 2 Maret 2018, BNI telah                              penalties) which was partially agreed by BNI
         melakukan pembayaran sebagian SKPKB                               for the amount of Rp162,130. On 2 March
         sebesar Rp1.785.691. Pada tanggal 4 Mei                           2018, BNI made a partial payment for the
         2018, BNI mengajukan surat keberatan atas                         amount of Rp1,785,691. On 4 May 2018, BNI
         Surat Ketetapan Pajak Kurang Bayar (SKPKB)                        submitted Objection Letter for these SKPKB to
         ke Direktorat Jenderal Pajak.                                     the Directorate General of Tax.

         Pada tanggal 30 April 2019, BNI menerima                           On 30 April 2019, BNI received Directorate
         Keputusan Direktorat Jenderal Pajak yang                          General of Tax decision which partially
         mengabulkan sebagian keberatan BNI dan                            approved BNI Objection and reduced the
         mengurangkan jumlah pajak yang masih harus                        SKPKB for fiscal year 2015 (including
         dibayar dalam SKPKB atas PPh Badan untuk                          penalties) to become Rp1,212,517 which is
         tahun fiskal 2015 (termasuk denda) menjadi                        partially agreed by BNI amounting to
         Rp1.212.517 dan disetujui BNI sebesar                             Rp163,628. For the overpayment amounting to
         Rp163.628. Atas kelebihan pembayaran pajak                        Rp573,174, after less of STP for fiscal year
         di muka sebesar Rp573.174, setelah dikurangi                      2019 amounting to Rp481, the Bank has
         dengan STP tahun 2019 sebesar Rp481, Bank                         received a tax refund through compensation
         telah menerima restitusi pajak melalui                            for corporate income tax in 2019. On 26 July
         kompensasi pembayaran pajak penghasilan                           2019, BNI submitted the request for appeal on
         badan tahun 2019. Pada tanggal 26 Juli 2019,                      the above to the Tax Court. On 24 June 2022,
         BNI telah mengajukan permohonan banding                           BNI received an Appeal Decision from the Tax
         keberatan ke Pengadilan Pajak. Pada tanggal                       Court which partially granted BNI's appeal and
         24 Juni 2022, BNI menerima Putusan Banding                        reduced the amount of tax accrued in the
         dari Pengadilan Pajak yang mengabulkan                            SKPKB on Corporate Income Tax for the 2015
         sebagian banding BNI dan mengurangkan                             fiscal year (including fines) to Rp789,519. On 5
         jumlah pajak yang masih harus dibayar dalam                       October 2022, BNI submitted the Judicial
         SKPKB atas PPh Badan untuk tahun fiskal                           Review to the Supreme Court for the appeal
         2015 (termasuk denda) menjadi Rp789.519.                          decision and up to the date of this consolidated
         Pada tanggal 5 Oktober 2022, BNI telah                            financial statements, there has been no
         mengajukan upaya hukum Peninjauan Kembali                         Judicial Review Decision from the Supreme
         ke Mahkamah Agung atas putusan banding                            Court.
         tersebut dan sampai dengan tanggal
         penyelesaian laporan keuangan konsolidasian
         ini, belum terdapat Putusan Peninjauan
         Kembali dari Mahkamah Agung.




                                                    Halaman - 166 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1291
Page 705
       Performa                      Laporan                      Profil
                                                     PT BANK NEGARA                   Analisa dan Pembahasan
                                                                          INDONESIA (PERSERO)        Tbk                                               Fungsi
         2023                       Manajemen                  Perusahaan           Manajemen atas Kinerja Bank                                    Penunjang Bisnis
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                           31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)

       30. EFEK-EFEK YANG DITERBITKAN                                                        30. SECURITIES ISSUED
              
           a. Berdasarkan jenis                                                                     a.    By type

                                                                    2023                                     2022

                                                          Saldo/           Peringkat/            Saldo/              Peringkat/
                                                         Balance            Rating *)           Balance               Rating *)


                  Green Bond, setelah dikurangi
                     biaya penerbitan yang belum                                                                                                         Green Bond, net of
                     diamortisasi sebesar Rp1.720                                                                                  unamortized issuance cost amounting to
                     pada tanggal 31 Desember 2023                                                                                      Rp1,720 as of 31 December 2023
                     dan Rp2.802 pada tanggal                                                                                                          and Rp2,802 as of
                     31 Desember 2022                      4,893,357             idAAA*)             4,896,875             idAAA*)                    31 December 2022

                  *)Pefindo                                                                                                                                           Pefindo*)


                  Obligasi Berwawasan Lingkungan (Green                                                   Green Bond I PT Bank Negara Indonesia
                  Bond) I PT Bank Negara Indonesia                                                        (Persero) Tbk 2022
                  (Persero) Tbk Tahun 2022

                  Pada tanggal 21 Juni 2022, BNI telah                                                    On 21 June 2022, BNI has issued Green
                  menerbitkan Obligasi Berwawasan Lingkungan                                              Bond I PT Bank Negara Indonesia (Persero)
                  (Green Bond) I PT Bank Negara Indonesia                                                 Tbk 2022 (“Green Bond I 2022”) with total
                  (Persero) Tbk Tahun 2022 (“Green Bond I                                                 amount of Rp5,000,000 which consists of
                  2022”) dengan nominal sebesar Rp5.000.000                                               2 series:
                  yang terdiri atas 2 seri:

                                                       Nominal/                          Kupon/                       Jatuh tempo/           
                                                         Amount                           Coupon                      Maturity Date

                  Obligasi Seri A                             4,000,000                            6.35%              21 Juni/June 2025              Obligation Serie A
                  Obligasi Seri B                             1,000,000                            6.85%              21 Juni/June 2027              Obligation Serie B

                  Green Bond I 2022 ditawarkan dengan nilai                                              Green Bond I 2022 is offered with a value of
                  100% (seratus persen) dari jumlah pokok                                                100% (one hundred percent) of the principal
                  obligasi, dengan kupon dibayarkan setiap                                               amount of the bond, with coupons paid
                  kuartalan, dan tercatat di Bursa Efek Indonesia                                        quarterly, and listed on the Indonesia Stock
                  (IDX) pada 22 Juni 2022. Penawaran Umum                                                Exchange (IDX) on 22 June 2022. The Green
                  Green Bond I 2022 telah mendapatkan Izin                                               Bond I 2022 Public Offering has obtained OJK
                  Efektif     OJK      melalui     surat     OJK                                         Effective Permission through OJK letter No. S-
                  No. S-93/D.04/2022 tanggal 10 Juni 2022.                                               93/D.04/2022 dated 10 June 2022.

                  Pada tanggal 31 Desember 2023, BNI Green                                               As of 31 December 2023, BI Green Bond 2022
                  Bond 2022 memiliki nilai bersih sebesar                                                had a net value of Rp4,893,357 after deducting
                  Rp4.893.357     setelah   dikurangi    biaya                                           the unamortized issuance fee of Rp1,720 (31
                  penerbitan yang belum diamortisasi sebesar                                             December 2022, BNI Green Bond 2022 had a
                  Rp1.720 (31 Desember 2022 memiliki nilai                                               net value of Rp4,896,875 after deducting the
                  bersih sebesar Rp4.896.875 setelah dikurangi                                           unamortized issuance fee of Rp2,802).
                  biaya penerbitan yang belum diamortisasi
                  sebesar Rp2.802).




                                                                       Halaman - 167 - Page
1292   Menduniakan Bisnis Indonesia
Page 706
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                               Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                              Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                              30. SECURITIES ISSUED (continued)

    a.   Berdasarkan jenis (lanjutan)                                      a.   By type (continued)

         Dana hasil penerbitan obligasi setelah                                 The proceeds from the bond issuance after
         dikurangi biaya biaya emisi, seluruhnya akan                           deducting emission costs will be entirely used
         digunakan BNI untuk pembiayaan maupun                                  by BNI to finance and refinance projects in the
         pembiayaan kembali proyek-proyek dalam                                 Environmental Based Business Activity
         kategori    Kegiatan   Usaha      Berwawasan                           (hereinafter abbreviated as KUBL or Kegiatan
         Lingkungan (KUBL), yaitu proyek-proyek yang                            Usaha Berwawasan Lingkungan) category,
         berkaitan dengan energi terbarukan, efisiensi                          namely, projects related to renewable
         energi, pengolahan sampah menjadi energi                               energy,energy efficiency, waste processing
         dan manajemen limbah, penggunaan sumber                                into energy, and waste management,
         daya alam dan penggunaan tanah yang                                    sustainable use of natural resources and land
         berkelanjutan, konservasi keanekaragaman                               use, conservation of terrestrial and aquatic
         hayati darat dan air, transportasi ramah                               biodiversity,           environmentally-friendly
         lingkungan, pengelolaan air dan air limbah                             transportation, sustainable management of
         yang berkelanjutan, adaptasi perubahan iklim,                          water and wastewater, adaptation to climate
         gedung     berwawasan      lingkungan,    dan                          change, environmentally sound buildings, and
         pertanian        berkelanjutan,        dengan                          sustainable agriculture, with due observance of
         memperhatikan           Peraturan         OJK                          OJK     Regulation     No.     60/POJK.04/2017
         No. 60/POJK.04/2017 tentang Penerbitan dan                             concerning the Issuance and Terms of Green
         Persyaratan Efek Bersifat Utang Berwawasan                             Bonds.
         Lingkungan (Green Bond).

         BNI telah memperoleh rating idAAA atas                                 BNI has obtained idAAA rating results for
         Green Bond I 2022 dari PT Pemeringkat Efek                             Green Bond I 2022 from PT Pemeringkat Efek
         Indonesia (PEFINDO) dan Opini Pihak Kedua                              Indonesia (PEFINDO) and also Second-party
         yang diberikan oleh Sustainalytics.                                    Opinion which has given by Sustainalytics.

    b.   Berdasarkan mata uang                                             b.   By currency

                                                      2023                      2022

         Rupiah                                                                                                                  Rupiah
         Green Bond,                                                                                                        Green Bond,
           setelah dikurangi diskonto                                                                               net of unamortized
           yang belum diamortisasi sebesar                                                                             discount cost of
           Rp1.720 pada tanggal                                                                                          Rp1,720 as of
           31 Desember 2023 dan sebesar                                                                         31 December 2023 and
           Rp2.802 pada tanggal                                                                                          Rp2,802 as of
           31 Desember 2022                                4,893,357              4,896,875                         31 December 2022
                                                           4,893,357              4,896,875


    c.   Berdasarkan hubungan                                              c.   By relationship

                                                      2023                      2022
         Pihak berelasi                                                                                                   Related parties
           Rupiah                                          1,764,505              1,785,104                                     Rupiah

         Pihak ketiga                                                                                                        Third parties
           Rupiah                                          3,128,852              3,111,771                                      Rupiah
                                                           4,893,357              4,896,875


         Informasi mengenai efek-efek yang diterbitkan                          Information related to securities issued to
         kepada pihak-pihak berelasi diungkapkan                                related parties are disclosed in Note 46m.
         pada Catatan 46m.




                                                    Halaman - 168 - Page
                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1293
Page 707
       Performa                     Laporan                  Profil
                                                PT BANK NEGARA                   Analisa dan Pembahasan
                                                                     INDONESIA (PERSERO)        Tbk                             Fungsi
         2023                      Manajemen              Perusahaan           Manajemen atas Kinerja Bank                  Penunjang Bisnis
                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                            31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                    (Expressed in millions of Rupiah, unless otherwise stated)

       30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                                  30. SECURITIES ISSUED (continued)

            d.    Tingkat suku bunga per tahun                                         d.   Annual interest rates
                                                                          Rupiah
                                                                            %

                  2023                                                   6.35 - 6.85                                                           2023
                  2022                                                   6.35 - 6.85                                                           2022


       31. PINJAMAN YANG DITERIMA                                                 31. BORROWINGS

            a.    Berdasarkan jenis dan mata uang                                      a.   By type and currency

                                                                  2023                      2022
                  Rupiah                                                                                                                  Rupiah
                  Pinjaman penerusan                                         53                      957                           Two step loans
                  Kredit likuiditas untuk kredit koperasi                                                            Liquidity loan for member of
                    primer kepada anggotanya                               914                       914                 primary cooperatives
                  Lain-lain                                          1,031,535                   498,288                                   Others

                                                                     1,032,502                   500,159

                  Mata uang asing                                                                                           Foreign currencies
                  Pinjaman bilateral                                21,856,207               28,916,463                          Bilateral loans
                  Bankers acceptance                                 7,767,787                6,066,360                     Bankers acceptance
                  Pinjaman penerusan                                    51,808                   55,169                         Two step loans
                  Lain-lain                                            241,304                  116,055                                  Others

                                                                    29,917,106               35,154,047
                                                                    30,949,608               35,654,206

                  Pinjaman bilateral                                                        Bilateral loans

                  BNI memiliki pinjaman bilateral sebagai salah                             BNI has bilateral loan which is one of the
                  satu strategi pendanaan Bank untuk menjaga                                Bank’s strategy to maintain funding profile
                  komposisi pendanaan jangka pendek dan                                     between short term and long term funding.
                  jangka panjang. Termasuk di dalam pinjaman                                Bilateral loans include the following borrowing
                  bilateral adalah fasilitas pinjaman di bawah ini:                         facilities:

                  a)     Pinjaman bilateral luar negeri dengan                              a)     Offshore bilateral loan with China
                         China Development Bank sebesar                                            Development      Bank     amounting      to
                         USD700.000.000 (nilai penuh) dengan                                       USD700,000,000 (full amount) with tenure
                         jangka waktu pinjaman selama 10 tahun                                     of 10 years and with interest rate of 6-
                         serta tingkat suku bunga LIBOR 6 bulan                                    month LIBOR plus a certain margin per
                         ditambah margin tertentu per tahun dan                                    annum and will mature on 16 September
                         akan jatuh tempo pada tanggal 16                                          2025. Regarding to the LIBOR transition,
                         September 2025. Sehubungan dengan                                         the Bank had amended the agreement for
                         adanya transisi LIBOR, Bank telah                                         the use of reference rate from 6-month
                         melakukan      amandemen       perjanjian                                 LIBOR plus a certain margin per annum to
                         penggunaan reference rate dari LIBOR 6                                    6-month SOFR plus a certain margin per
                         bulan ditambah margin tertentu per tahun                                  annum which already applies. As of 31
                         menjadi SOFR 6 bulan ditambah margin                                      December 2023 and 2022, outstanding
                         tertentu per tahun yang telah berlaku.                                    loan less unamortized issuance costs
                         Pada tanggal 31 Desember 2023 dan                                         amounted to USD186,736,438 (full
                         2022, saldo pinjaman setelah dikurangi                                    amount) or equivalent to Rp2,875,182 and
                         dengan biaya penerbitan yang belum                                        USD279,528,131      (full   amount)      or
                         diamortisasi masing-masing sebesar                                        equivalent to Rp4,351,554, respectively.
                         USD186.736.438 (nilai penuh) atau
                         ekuivalen        Rp2.875.182         dan
                         USD279.528.131 (nilai penuh) atau
                         ekuivalen Rp4.351.554.




                                                               Halaman - 169 - Page
1294   Menduniakan Bisnis Indonesia
Page 708
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                         Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                        Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

31. PINJAMAN YANG DITERIMA (lanjutan)                            31. BORROWINGS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                  a.    By type and currency (continued)

         Pinjaman bilateral (lanjutan)                                     Bilateral loans (continued)
         b)     Pinjaman bilateral luar negeri dengan                      b)   Offshore bilateral loan with China
                China    Development      Bank   sebesar                        Development Bank amounting to USD189
                USD189 juta (nilai penuh) dengan jangka                         million (full amount) with tenure of 10
                waktu pinjaman selama 10 tahun serta                            years and with interest rate of 6-month
                                                                                LIBOR plus a certain margin per annum
                tingkat suku bunga LIBOR 6 bulan                                and will mature on 16 September 2025.
                ditambah margin tertentu per tahun dan                          Regarding to the LIBOR transition, the
                akan jatuh tempo pada tanggal 16                                Bank had amended the agreement for the
                September 2025. Sehubungan dengan                               use of reference rate from 6-month LIBOR
                adanya transisi LIBOR, Bank telah                               plus a certain margin per annum to 6-
                melakukan      amandemen       perjanjian                       month SOFR plus a certain margin per
                penggunaan reference rate dari LIBOR 6                          annum which already applies. As of 31
                bulan ditambah margin tertentu per tahun                        December 2023 and 2022, outstanding
                menjadi SOFR 6 bulan ditambah margin                            loan less unamortized issuance costs
                                                                                amounted to USD75,369,011 (full amount)
                tertentu per tahun yang telah berlaku.                          or equivalent to Rp1,160,457 and
                Pada tanggal 31 Desember 2023 dan                               USD113,481,875       (full   amount)   or
                2022, saldo pinjaman setelah dikurangi                          equivalent to Rp1,766,629.
                dengan biaya penerbitan yang belum
                diamortisasi   masing-masing     sebesar
                USD75.369.011      (nilai  penuh)    atau
                ekuivalen        Rp1.160.457         dan
                USD113.481.875 (nilai penuh) atau
                ekuivalen Rp1.766.629.
         c)     Pada tanggal 25 November 2019, BNI                         c)   On 25 November 2019, BNI obtained
                memperoleh fasilitas pinjaman bilateral                         offshore bilateral loan with CTBC Bank
                luar negeri dengan CTBC Bank Co. Ltd.,                          Co. Ltd., MUFG Bank Ltd., Standard
                MUFG Bank Ltd., Standard Chartered                              Chartered       Bank     (Singapore)  Ltd.,
                Bank (Singapore) Ltd., Sumitomo Mitsui                          Sumitomo Mitsui Banking Corporation
                Banking Corporation Singapore Branch,                           Singapore Branch, and United Overseas
                dan United Overseas Bank Ltd. sebagai                           Bank Ltd. as Mandated Lead Arrangers &
                Mandated Lead Arrangers & Bookrunners                           Bookrunners             amounting        to
                senilai USD750.000.000 (nilai penuh)                            USD750,000,000 (full amount) which was
                yang terbagi dalam dua tranche, yaitu                           split into two tranches, tranche A and
                tranche A dan tranche B. Tranche A                              tranche B. Tranche A amounting to
                sebesar USD375.000.000 (nilai penuh)                            USD375,000,000 (full amount) with tenure
                dengan jangka waktu 42 bulan serta                              of 42 months with interest rate of 3-month
                tingkat suku bunga LIBOR 3 bulan                                LIBOR plus a certain margin per annum
                ditambah margin tertentu per tahun dan                          has matured on 25 May 2023, while
                telah jatuh tempo pada tanggal 25 Mei                           tranche B amounting to USD375,000,000
                2023, sedangkan tranche B sebesar                               (full amount) with tenure of 60 months
                USD375.000.000 (nilai penuh) dengan                             with interest of 3-month LIBOR plus a
                jangka waktu 60 bulan serta tingkat suku                        certain margin per annum will mature on
                bunga LIBOR 3 bulan ditambah margin                             25 November 2024. Standard Chartered
                tertentu per tahun dan akan jatuh tempo                         Bank (Hong Kong) Ltd acted as the Agent
                pada tanggal 25 November 2024.                                  for this loan facility.
                Standard Chartered Bank (Hong Kong)
                Ltd. bertindak sebagai Agen untuk fasilitas
                pinjaman ini.




                                                    Halaman - 170 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1295
Page 709
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       31. PINJAMAN YANG DITERIMA (lanjutan)                                31. BORROWINGS (continued)

            a.    Berdasarkan jenis dan mata uang (lanjutan)                     a.   By type and currency (continued)

                  Pinjaman bilateral (lanjutan)                                       Bilateral loans (continued)

                  c)   Pada tanggal 25 Februari 2020, BNI                             c)   On 25 February 2020, BNI obtained
                       memperoleh fasilitas tambahan fasilitas                             additional offshore bilateral loan with
                       pinjaman           bilateral        senilai                         amounting to USD220,000,000 (full
                       USD220.000.000 (nilai penuh) yang                                   amount) split into two tranches, tranche A
                       terbagi dalam dua tranche, yaitu tranche A                          and tranche B. Tranche A obtained
                       dan tranche B. Tranche A mendapat                                   additional amounting to USD135,000,000
                       tambahan sebesar USD135.000.000 (nilai                              (full amount) with tenure of 39 months
                       penuh) dengan jangka waktu 39 bulan                                 with interest of 3 months LIBOR plus a
                       serta tingkat suku bunga LIBOR 3 bulan                              certain margin per annum and has
                       ditambah margin tertentu per tahun dan                              matured on 25 May 2023. While tranche B
                       telah tempo pada tanggal 25 Mei 2023.                               obtained     additional    amounting     to
                       Sedangkan       tranche      B     sebesar                          USD85,000,000 (full amount) with tenure
                       USD85.000.000 (nilai penuh) dengan                                  of 57 months with interest rate of 3
                       jangka waktu 57 bulan serta tingkat suku                            months LIBOR plus a certain margin per
                       bunga LIBOR 3 bulan ditambah margin                                 annum and will mature on 25 November
                       tertentu per tahun dan akan jatuh tempo                             2024.
                       pada tanggal 25 November 2024.

                       Sehubungan dengan adanya transisi                                   Regarding to the LIBOR transition, the
                       LIBOR,       Bank     telah     melakukan                           Bank had amended the agreement for the
                       amandemen        perjanjian   penggunaan                            use of reference rate from 3-month LIBOR
                       reference rate dari LIBOR         3 bulan                           plus a certain margin per annum to 3-
                       ditambah margin tertentu per tahun                                  month SOFR plus a certain margin per
                       menjadi SOFR 3 bulan ditambah margin                                annum which already applies.
                       tertentu per tahun yang telah berlaku.

                       Pada tanggal 31 Desember 2023 dan                                   As of 31 December 2023 and
                       2022, saldo pinjaman setelah dikurangi                              2022, outstanding loan less unamortized
                       dengan biaya penerbitan yang belum                                  issuance       costs       amounted     to
                       diamortisasi  masing-masing   sebesar                               USD457,405,333       (full   amount)    or
                       USD457.405.333 (nilai penuh) atau                                   equivalent     to    Rp7,042,668     and
                       ekuivalen       Rp7.042.668       dan                               USD964,479,213       (full   amount)    or
                       USD964.479.213 (nilai penuh) atau                                   equivalent to Rp15,014,530, respectively.
                       ekuivalen Rp15.014.530.

                  d)   BNI, melalui BNI cabang Singapura dan                          d)   BNI, through Singapore and London
                       London memiliki pinjaman bilateral luar                             branches, has offshore bilateral loan with
                       negeri dengan konsorsium bank yang                                  consortium of banks consisting of Bank of
                       terdiri dari Bank of China (Hong Kong)                              Bank of China (Hong Kong) Limited,
                       Limited, CTBC Bank Co., LTD, CITI Group                             CTBC Bank Co., LTD, CITI Group Global
                       Global Market Asia Limited, Oversea-                                Market Asia Limited, Oversea-Chinese
                       Chinese Banking Corporation Limited, dan                            Banking Corporation Limited, dan United
                       United Overseas Bank Limited sebesar                                Overseas Bank Limited amounting to
                       USD500.000.000 (nilai penuh) dengan                                 USD500,000,000 (full amount) with tenure
                       jangka waktu pinjaman selama 3 tahun                                of 3 years and with interest of SOFR plus
                       dengan tingkat suku bunga SOFR                                      a certain margin per annum and will
                       ditambah margin tertentu per tahun dan                              mature on 28 September 2025. As of 31
                       akan jatuh tempo pada tanggal 28                                    December      2023     and    2022,    the
                       September 2025. Pada tanggal 31                                     outstanding loan balance under this
                       Desember 2023 dan 2022, saldo pinjaman                              facility amounted to USD500,000,000 (full
                       fasilitas tersebut setelah dikurangi biaya                          amount) or equivalent to Rp 7,698,500
                       yang belum diamortisasi masing-masing                               and USD500,000,000 (full amount) or
                       sebesar USD500.000.000 (nilai penuh)                                equivalent to Rp7,783,750.
                       atau      ekuivalen    Rp7.698.500     dan
                       USD500.000.000 (nilai penuh) atau
                       ekuivalen Rp7.783.750.




                                                           Halaman - 171 - Page
1296   Menduniakan Bisnis Indonesia
Page 710
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                             Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                            Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

31. PINJAMAN YANG DITERIMA (lanjutan)                            31. BORROWINGS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                  a.    By type and currency (continued)

         Pinjaman bilateral (lanjutan)                                     Bilateral loans (continued)

         e)     Pada tanggal 22 November 2023, BNI                         e)     On 22 November 2023, BNI obtained
                memperoleh fasilitas pinjaman bilateral                           onshore bilateral loan with MUFG Bank,
                dalam negeri dengan MUFG Bank, Ltd.                               Ltd. amounting to USD200,000,000 (full
                senilai USD200.000.000 (nilai penuh)                              amount) with a tenure of 3 years. Interest
                dengan jangka waktu 3 tahun. Tingkat                              rate of the borrowing is a fixed interest rate
                suku bunga pinjaman adalah suku bunga                             of 6% per annum for the first year, and
                                                                                  then a floating interest rate using 3-month
                tetap 6% per tahun untuk tahun pertama,
                                                                                  SOFR plus a certain margin per year. This
                dan selanjutnya menjadi tingkat suku                              loan facility will mature on 20 November
                bunga         mengambang        dengan                            2026. As of 31 December 2023, the
                menggunakan SOFR 3 bulan ditambah                                 outstanding loan balance under this facility
                margin tertentu per tahun. Fasilitas ini                          amounted to USD200,000,000 (full
                akan jatuh tempo pada tanggal 20                                  amount) or equivalent to Rp3,079,400
                November 2026. Pada tanggal 31                                    (2022: Rpnil).
                Desember 2023, saldo pinjaman fasilitas
                tersebut sebesar USD200.000.000 (nilai
                penuh) atau ekuivalen Rp3.079.400
                (2022: Rpnihil).

         Persyaratan-persyaratan penting (financial                        The     significant    requirements   (financial
         covenants) dalam perjanjian pinjaman Bank                         covenants) in the Bank’s loan agreement
         antara lain:                                                      include the following:
         • Rasio      Non-Performing     Loan   (NPL)                      •    Non-Performing       Loan    (NPL)    ratio
            maksimum 5%.                                                        maximum of 5%.
         • Nilai Capital Adequacy Ratio (CAR)                              •    Capital Adequacy Ratio (CAR) minimum
            minimum 9% atau sesuai dengan                                       9% or according to the applicable
            ketentuan regulasi yang berlaku.                                    regulation.
         • Nilai Rasio Modal Inti (Tier 1 Ratio)                           •    Tier 1 Ratio minimum of 6%.
            minimum 6%.
         • Nilai Rasio Modal Inti Utama (Core Tier 1                       •       Core Tier 1 Ratio minimum of 5%.
            Ratio) minimum 5%.
         • Rasio Return on Average Assets minimum                          •       Return on Average Assets ratio minimum
            0,6%, dengan ketentuan bahwa jika nilai                                of 0.6%, provided that Capital Adequacy
            Capital Adequacy Ratio (CAR) sama                                      Ratio (CAR) is equal to or greater than
            dengan atau lebih besar dari 12,5%.                                    12.5%.

         Pada tahun-tahun yang berakhir pada                               During the years ended 31 December 2023
         31 Desember 2023 dan 2022, Bank telah                             and 2022, the Bank has fulfilled the terms
         memenuhi      persyaratan     penting yang                        required set forth in the agreements.
         dipersyaratkan dalam perjanjian ini.

         Pinjaman penerusan                                                Two step loans

         Pinjaman      penerusan       pada     tanggal                    Two step loans as of 31 December 2023 and
         31 Desember 2023 dan 2022 mencakup                                2022 are step loans from Kreditanstalt fur
         pinjaman penerusan dari Kreditanstalt fur                         Wiederaufbau to finance Industrial Efficiency
         Wiederaufbau untuk pembiayaan Industrial                          and Pollution Control Phase I and II that was
         Efficiency and Pollution Control Phase I dan II                   received in 2001 and 2004.
         yang diterima pada tahun 2001 dan 2004.




                                                    Halaman - 172 - Page
                                                                               Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1297
Page 711
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       31. PINJAMAN YANG DITERIMA (lanjutan)                                31. BORROWINGS (continued)

            a.    Berdasarkan jenis dan mata uang (lanjutan)                     a.   By type and currency (continued)

                  Pinjaman penerusan (lanjutan)                                       Two step loans (continued)

                  Berdasarkan Perjanjian Penerusan Pinjaman                           Based on the two step loans agreements
                  antara BNI dan Departemen Keuangan No.                              between BNI and the Ministry of Finance No.
                  SLA-1145/DP3/2001 tertanggal 30 Maret 2001                          SLA-1145/DP3/2001 dated 30 March 2001 and
                  dan       SLA-1174/DP3/2004       tertanggal                        SLA-1174/DP3/2004 dated 25 August 2004,
                  25 Agustus 2004, Pemerintah telah menyetujui                        the Government appointed BNI as an
                  BNI sebagai bank pelaksana dengan jumlah                            executing bank with total facilities for each not
                  fasilitas  masing-masing    tidak   melebihi                        exceeding DM11,700,000 and EUR9,000,000
                  DM11.700.000 dan EUR9.000.000 (nilai                                (full amount). Latest withdrawal date were on
                  penuh). Tanggal terakhir penarikan pinjaman                         30 June 2001 and 30 December 2007,
                  adalah masing-masing pada tanggal 30 Juni                           respectively. The terms of the two step loans
                                                                                      are 12 years including 2 years grace period
                  2001 dan 30 Desember 2007. Jangka waktu
                                                                                      and 40 years including 10 years grace period,
                  pinjaman penerusan ini adalah masing-masing
                                                                                      respectively.
                  selama 12 tahun termasuk masa tenggang 2
                  tahun dan 40 tahun termasuk masa tenggang
                  10 tahun.

                  Pada tanggal 31 Desember 2023, saldo                                As of 31 December 2023, two step loans for
                  pinjaman penerusan untuk Phase I dan II                             Phase I and II amounted to Rp53 and
                  adalah masing-masing sebesar Rp53 dan                               EUR3,030,000 (full amount) or equivalent
                  EUR3.030.000 (nilai penuh) atau ekuivalen                           Rp51,808, respectively (2022: EUR3,327,080
                  Rp51.808 (2022: EUR3.327.080 (nilai penuh),                         (full amount), equivalent Rp 55,169).
                  ekuivalen Rp55.169).

                  Kredit likuiditas untuk kredit         koperasi                     Liquidity loan for members of primary
                  primer kepada anggotanya                                            cooperatives

                  Merupakan fasilitas kredit yang diperoleh dari                      This is a credit facility provided by Bank
                  Bank Indonesia terutama ditujukan untuk                             Indonesia specifically for BNI's debtors in
                  debitur BNI sehubungan dengan program                               relation to the Government's loan program for
                  kredit Pemerintah untuk pinjaman investasi                          small investment loans, working capital loans
                  usaha kecil, pinjaman modal kerja dan                               and small business loans. In accordance with
                  pinjaman pengusaha kecil. Sesuai dengan                             the Government Regulation, the management
                  Peraturan Pemerintah, manajemen program                             of this liquidity loan program was transferred to
                  kredit   likuiditas   telah     dialihkan   ke                      PT Permodalan Nasional Madani, a state-
                  PT Permodalan Nasional Madani, Badan                                owned enterprise. The loan will mature on
                  Usaha Milik Negara, yang akan jatuh tempo                           various dates based on the completion of such
                  dalam    beberapa      tanggal,    berdasarkan                      programs.
                  penyelesaian dari program-program tersebut.

                  Tingkat bunga atas fasilitas ini berkisar antara                    Interest rates on the facility range from 3.00%
                  3,00% sampai dengan 7,00% per tahun.                                to 7.00% per annum.




                                                           Halaman - 173 - Page
1298   Menduniakan Bisnis Indonesia
Page 712
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                               Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                              Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                       31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

31. PINJAMAN YANG DITERIMA (lanjutan)                                31. BORROWINGS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                      a.     By type and currency (continued)

         Bankers acceptance                                                     Bankers acceptance

         Bankers acceptance merupakan pinjaman                                  Bankers acceptance represents interbank
         antar bank yang diperoleh BNI dari bank-bank                           borrowings for liquidity purposes obtained by
         luar negeri yang ditujukan untuk meningkatkan                          BNI from various foreign banks with borrowing
         likuiditas dengan jangka waktu pinjaman                                period of 6 until 12 months.
         6 sampai dengan 12 bulan.

                                                   2023                       2022

         Emirates, NBD PJSC                           3,079,400                 1,556,750                        Emirates, NBD PJSC
         CoBank, Singapura                            1,924,625                   778,375                          CoBank, Singapore
         MUFG BANK HKG                                  769,850                         -                           MUFG BANK HKG
         OCBC limited Singapore                         769,850                         -                     OCBC limited Singapore
         The Korea Development                                                                                The Korea Development
             Bank, Singapore Branch                        769,850                      -                  Bank, Singapore Branch
         Bank of America N.A., Singapura                   454,212                      -            Bank of America N.A., Singapura
         CoBank, New York                                        -                778,375                          CoBank, New York
         Citibank N.A. Singapura                                 -                233,512                     Citibank N.A. Singapore
         DZ Bank Singapura                                       -              1,089,725                          DZ Bank Singapore
         Bank of Tokyo Mitsubishi                                                                            Bank of Tokyo Mitsubishi
             Singapura                                           -                   695,573                             Singapore
         HSBC Bank Singapura                                     -                   467,025                    HSBC Bank Singapore
         Mitsubishi UFJ Trust and Banking                                                            Mitsubishi UFJ Trust and Banking
             Corporation, Singapura                              -                   467,025                Corporation, Singapore

                                                      7,767,787                 6,066,360


         Lain-lain                                                              Others

         PT BNI Multifinance (BNIMF):                                           PT BNI Multifinance (BNIMF):

         PT Bank Victoria International Tbk                                     PT Bank Victoria International Tbk

         Pada tanggal 25 Juli 2019, berdasarkan                                 On 25 July 2019, based on the Credit
         Perjanjian Kredit No. 20, PT Bank Victoria                             Agreement No. 20, PT Bank Victoria
         International Tbk setuju untuk memberikan                              International Tbk agreed to provide additional
         tambahan fasilitas pinjaman modal kerja                                working capital loan facility with a maximum
         dengan jumlah maksimum dana yang                                       available fund amounting to Rp200,000 which
         disediakan adalah sebesar Rp200.000 yang                               was used as an additional working capital for
         digunakan sebagai tambahan modal kerja                                 consumer financing and finance lease. This
         pembiayaan       konsumen      dan       sewa                          facility has been matured on 21 December
         pembiayaan. Fasilitas pinjaman ini telah jatuh                         2023 and extended until 21 December 2024.
         tempo pada 21 Desember 2023 dan
         diperpanjang sampai dengan 21 Desember
         2024.

         Pada tanggal 17 Maret 2021, berdasarkan                                On 17 March 2021, based on the Credit
         Perjanjian Kredit No. 39, PT Bank Victoria                             Agreement No. 39, PT Bank Victoria
         International Tbk setuju untuk memberikan                              International Tbk agreed to provide additional
         tambahan fasilitas fixed loan III line limit                           fixed loan III line limit facility amounting to
         sebesar Rp100.000 yang digunakan sebagai                               Rp100,000 which was used as an additional
         tambahan modal kerja pembiayaan, yang                                  working capital for financing that will mature
         berlaku sampai dengan 17 Maret 2024.                                   on 17 March 2024.




                                                    Halaman - 174 - Page
                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1299
Page 713
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       31. PINJAMAN YANG DITERIMA (lanjutan)                                31. BORROWINGS (continued)

            a.    Berdasarkan jenis dan mata uang (lanjutan)                     a.   By type and currency (continued)

                  Lain-lain (lanjutan)                                                Others (continued)

                  PT BNI Multifinance (BNIMF): (lanjutan)                             PT BNI Multifinance (BNIMF): (continued)

                  PT Bank Victoria International Tbk (lanjutan)                       PT Bank        Victoria   International         Tbk
                                                                                      (continued)

                  Tingkat suku bunga pinjaman berkisar antara                         Interest rate of the borrowing ranged from
                  8,00%-9,50% dan 8,00%-9,00% masing-                                 8.00%-9.50% and 8.00%-9.00% for withdrawal
                  masing untuk pencairan selama tahun 31                              during 31 December 2023 and 2022,
                  Desember 2023 dan 2022.                                             respectively.

                  Selama periode pinjaman, BNIMF memiliki                             During the loan period, the BNIMF has to
                  kewajiban untuk memenuhi ketentuan dalam                            comply with the terms of the loan agreement
                  perjanjian pinjaman diantaranya, menjaga                            which include, maintaining Non-Performing
                  rasio    Non-Performing Finance   (“NPF”)                           Finance (“NPF”) ratio at a maximum of 5.00%.
                  maksimal 5,00%.

                  Pembayaran bunga dan pokok pinjaman telah                           Interest and principal have been paid by the
                  dibayarkan oleh BNIMF sesuai dengan jadwal.                         BNIMF on schedule.

                  Pada tanggal 31 Desember 2023 dan                                   As of 31 December 2023 and 2022, the
                  2022, saldo pinjaman fasilitas tersebut masing-                     outstanding loan balance under this facility
                  masing sebesar Rp50.833 dan Rp166.250.                              amounted to Rp50,833 and Rp166,250,
                                                                                      respectively.

                  PT Bank Mega Tbk                                                    PT Bank Mega Tbk

                  Pada tanggal 30 Maret 2021, BNIMF                                   On 30 March 2021, BNIMF obtained working
                  memperoleh fasilitas pinjaman kredit modal                          capital loan facility from PT Bank Mega Tbk
                  kerja dengan PT Bank Mega Tbk dengan                                with maximum facility amounting to Rp300,000
                  maksimum fasilitas sebesar Rp300.000                                and tenure of 60 months and will mature on 30
                  dengan jangka waktu pinjaman 60 bulan dan                           March 2026.
                  akan jatuh tempo pada tanggal 30 Maret 2026.

                  Tingkat suku bunga pinjaman adalah 8,75%                            Interest rate of the borrowing was 8.75% for
                  masing-masing untuk pencairan selama tahun                          withdrawal during 31 December 2023 and
                  31 Desember 2023 dan 2022.                                          2022, respectively.

                  Pada tanggal 31 Desember 2023 dan                                   As of 31 December 2023 and 2022, the
                  2022, saldo pinjaman fasilitas tersebut masing-                     outstanding loan balance under this facility
                  masing sebesar Rp30.625 dan Rp71.458.                               amounted to Rp30,625 and Rp71,458,
                                                                                      respectively.

                  PT Bank Pembangunan Daerah Daerah                                   PT Bank Pembangunan Daerah Daerah
                  Istimewa Yogyakarta                                                 Istimewa Yogyakarta

                  Pada tanggal 4 April 2019, berdasarkan                              On 4 April 2019, based on the Credit
                  Perjanjian Kredit No. 08, PT Bank                                   Agreement No. 08, PT Bank Pembangunan
                  Pembangunan Daerah Daerah Istimewa                                  Daerah Daerah Istimewa Yogyakarta agreed
                  Yogyakarta    setuju   untuk   memberikan                           to provide additional working capital loan
                  tambahan fasilitas pinjaman modal kerja                             facility with a maximum available fund
                  dengan jumlah maksimum dana yang                                    amounting to Rp100,000 which was used as
                  disediakan adalah sebesar Rp100.000 yang                            an additional working capital for consumer
                  digunakan sebagai tambahan modal kerja                              financing has matured on 4 October 2022.
                  pembiayaan konsumen yang jatuh tempo pada                           This facility had been repaid at maturity date
                  tanggal 4 Oktober 2022. Fasilitas ini telah                         and was not renewed.
                  dilunasi pada saat jatuh tempo dan tidak
                  diperpanjang.



                                                           Halaman - 175 - Page
1300   Menduniakan Bisnis Indonesia
Page 714
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                         Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

31. PINJAMAN YANG DITERIMA (lanjutan)                            31. BORROWINGS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                  a.    By type and currency (continued)

         Lain-lain (lanjutan)                                              Others (continued)

         PT BNI Multifinance (BNIMF): (lanjutan)                           PT BNI Multifinance (BNIMF): (continued)

         PT Bank Pembangunan Daerah Daerah                                 PT Bank Pembangunan Daerah Daerah
         Istimewa Yogyakarta (lanjutan)                                    Istimewa Yogyakarta (continued)

         Pada tanggal 10 Maret 2020, BNIMF                                 On 10 March 2020, BNIMF obtained additional
         memperoleh tambahan fasilitas pinjaman                            working capital facility loan with facility
         kredit modal kerja dengan fasilitas sebesar                       amounting to Rp150,000 that has matured on
         Rp150.000 yang telah jatuh tempo pada                             13 November 2023. This facility had been
         tanggal 13 November 2023. Fasilitas ini telah                     repaid at maturity date and was not renewed.
         dilunasi pada saat jatuh tempo dan tidak
         diperpanjang.

         Pada tanggal 18 Oktober 2021, berdasarkan                         On 18 October 2021, based on the Credit
         Perjanjian Kredit No. 19, PT Bank                                 Agreement No. 19, PT Bank Pembangunan
         Pembangunan Daerah Daerah Istimewa                                Daerah Daerah Istimewa Yogyakarta agreed
         Yogyakarta    setuju   untuk    memberikan                        to provide additional working capital loan
         tambahan fasilitas pinjaman modal kerja                           facility with a maximum available fund
         dengan jumlah maksimum dana yang                                  amounting to Rp50,000 that will mature on 18
         disediakan adalah sebesar Rp50.000 yang                           October 2024.
         berlaku sampai 18 Oktober 2024.

         Tingkat suku bunga pinjaman adalah 9,00%                          Interest rate of the borrowing was 9.00% for
         masing-masing untuk pencairan selama tahun                        withdrawals     during   2023   and    2022,
         2023 dan 2022.                                                    respectively.

         Selama periode pinjaman, BNIMF memiliki                           During the loan period, BNIMF has to comply
         kewajiban untuk memenuhi ketentuan dalam                          with the terms of the loan agreement which
         perjanjian pinjaman diantaranya:                                  include the following:

         a. Menjaga gearing ratio maksimal 10 kali.                        a. Maintaining the gearing ratio at a
                                                                              maximum of 10 times.
         b. Menjaga     rasio    piutang    pembiayaan                     b. Maintaining the financing to asset ratio at
            terhadap total aset minimal 40,00%.                               a minimum of 40.00%.
         c. Menjaga rasio NPF maksimal 5,00%.                              c. Maintaining NPF ratio at a maximum of
                                                                              5.00%.

         Pembayaran bunga dan pokok pinjaman telah                         Interest and principal have been paid by the
         dibayarkan oleh BNIMF sesuai dengan jadwal.                       BNIMF on schedule.

         Pada tanggal 31 Desember 2023 dan                                 As of 31 December 2023 and 2022, the
         2022, saldo pinjaman fasilitas tersebut masing-                   outstanding loan balance under this facility
         masing sebesar Rp12.244 dan Rp34.602.                             amounted to Rp12,244 and Rp34,602,
                                                                           respectively.




                                                    Halaman - 176 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1301
Page 715
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       31. PINJAMAN YANG DITERIMA (lanjutan)                                31. BORROWINGS (continued)

            a.    Berdasarkan jenis dan mata uang (lanjutan)                     a. By type and currency (continued)

                  Lain-lain (lanjutan)                                              Others (continued)
                  PT BNI Multifinance (BNIMF): (lanjutan)                           PT BNI Multifinance (BNIMF): (continued)

                  PT Bank Jtrust Indonesia Tbk                                       PT Bank Jtrust Indonesia Tbk

                  Pada tanggal 18 Desember 2020, BNIMF                              On 18 December 2020, BNIMF obtained
                  memperoleh fasilitas pinjaman kredit modal                        working capital loan facility with PT Bank Jtrust
                  kerja dengan PT Bank Jtrust Indonesia Tbk                         Indonesia Tbk with maximum facility amounting
                  dengan maksimum fasilitas sebesar Rp50.000                        to Rp50,000 and tenure of 12 months and has
                  dengan jangka waktu pinjaman 12 bulan dan                         matured on 19 December 2021. On
                  telah jatuh tempo pada tanggal 19 Desember                        16 December 2021, the facility has been
                  2021. Pada tanggal 16 Desember 2021,                              extended and had matured on 17 December
                  perjanjian ini telah diperpanjang kembali dan                     2022. This facility had been repaid at maturity
                  telah jatuh tempo pada tanggal 17 Desember                        date and was not renewed.
                  2022. Fasilitas ini telah dilunasi pada saat
                  jatuh tempo dan tidak diperpanjang.

                  Pada tanggal 19 Desember 2020, BNIMF                              On 19 December 2020, BNIMF obtained
                  memperoleh fasilitas pinjaman kredit modal                        working capital loan facility with PT Bank Jtrust
                  kerja dengan PT Bank Jtrust Indonesia Tbk                         Indonesia Tbk with maximum facility amounting
                  dengan maksimum fasilitas sebesar Rp50.000                        to Rp50,000 and tenure of 48 months until 18
                  dengan jangka waktu pinjaman 48 bulan                             December 2024.
                  hingga 18 Desember 2024.

                  Pada tanggal 17 Februari 2022, BNIMF                              On 17 February 2022, BNIMF obtained working
                  memperoleh fasilitas pinjaman kredit modal                        capital loan facility with PT Bank Jtrust
                  kerja dengan PT Bank Jtrust Indonesia Tbk                         Indonesia Tbk with maximum facility amounting
                  dengan     maksimum      fasilitas  sebesar                       to Rp200,000 and tenure of 48 months until 17
                  Rp200.000 dengan jangka waktu pinjaman 48                         February 2026.
                  bulan dan akan jatuh tempo pada tanggal 17
                  Februari 2026.

                  Tingkat suku bunga pinjaman adalah 9,00%-                         Interest rate of the borrowing was 9.00%-9.50%
                  9,50% dan 8,50% masing-masing untuk                               and 8.50% for withdrawal during of
                  pencairan tanggal 31 Desember 2023 dan                            31 December 2023 and 2022, respectively.
                  2022.

                  Selama periode pinjaman, BNIMF memiliki                           During the loan period, BNIMF has to comply
                  kewajiban untuk memenuhi ketentuan dalam                          with the terms of the loan agreement which
                  perjanjian pinjaman diantaranya:                                  include the following:

                  a. Menjaga gearing ratio maksimal 10 kali.                         a. Maintaining the gearing ratio at a maximum
                                                                                        of 10 times.
                  b. Menjaga rasio NPF maksimal 5,00%.                               b. Maintaining NPF ratio at a maximum of
                                                                                        5.00%.

                  Pembayaran bunga dan pokok pinjaman telah                         Interest and principal have been paid by the
                  dibayarkan oleh BNIMF sesuai dengan jadwal.                       BNIMF on schedule.

                  Pada tanggal 31 Desember 2023 dan                                 As of 31 December 2023 and 2022, the
                  2022, saldo pinjaman fasilitas tersebut                           outstanding loan balance under this facility
                  masing-masing  sebesar Rp7.368      dan                           amounted to Rp7,368 and Rp23,124,
                  Rp23.124.                                                         respectively.




                                                           Halaman - 177 - Page
1302   Menduniakan Bisnis Indonesia
Page 716
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                           Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                          Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

31. PINJAMAN YANG DITERIMA (lanjutan)                             31. BORROWINGS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                   a. By type and currency (continued)

         Lain-lain (lanjutan)                                               Others (continued)
         PT BNI Multifinance (BNIMF): (lanjutan)                            PT BNI Multifinance (BNIMF): (continued)

         PT Bank DKI                                                        PT Bank DKI

         Pada tanggal 16 Juni 2022, berdasarkan                             On 16 June 2022, based on the Credit
         Perjanjian kredit No 48, PT Bank DKI setuju                        Agreement No. 48, PT Bank DKI agreed to
         untuk memberikan tambahan fasilitas pinjaman                       provide additional working capital loan facility
         modal kerja dengan jumlah maksimum dana                            with a maximum available fund amounting to
         yang disediakan Rp50.000 yang digunakan                            Rp50,000, which was used as an additional
         sebagai tambahan modal kerja pembiayaan                            working capital for consumer financing and
         konsumen dan sewa pembiayaan yang berlaku                          finance lease that will mature on 22 September
         sampai 22 September 2025.                                          2025.

         Selama periode pinjaman, BNIMF memiliki                            During the loan period, BNIMF has to comply
         kewajiban untuk memenuhi ketentuan dalam                           with the terms of the loan agreement which
         perjanjian pinjaman diantaranya:                                   include the following:
          a. Menjaga current ratio minimal 1 kali.                          a. Maintaining the current ratio at a minimum
                                                                               of 1 times.
          b. Menjaga gearing ratio maksimal 10 kali.                        b. Maintaining the gearing ratio at a maximum
                                                                               of 10 times.
          c. Menjaga     rasio    piutang   pembiayaan                      c. Maintaining the financing to asset ratio at a
             terhadap total aset minimal 40,00%.                               minimum of 40.00%.
          d. Menjaga rasio NPF maksimal 5,00%.                              d. Maintaining NPF ratio at a maximum of
                                                                               5.00%.

         Tingkat suku bunga pinjaman untuk pencairan                        Interest rate of the borrowing for withdrawal
         selama tahun 2023 dan 2022 adalah 8,00%.                           during 2023 and 2022 was 8.00%.

         Pembayaran bunga dan pokok pinjaman telah                          Interest and principal have been paid by the
         dibayarkan oleh BNIMF sesuai dengan jadwal.                        BNIMF on schedule.

         Pada tanggal 31 Desember 2023 dan                                  As of 31 December 2023 and 2022, the
         2022, saldo pinjaman fasilitas tersebut masing-                    outstanding loan balance under this facility
         masing sebesar Rp16.043 dan Rp13.756.                              amounted to Rp16,043 and Rp13,756,
                                                                            respectively.

         PT Bank CIMB Niaga Tbk                                             PT Bank CIMB Niaga Tbk

         Pada tanggal 8 Oktober 2019, berdasarkan                           On 8 October 2019, based on the Credit
         Perjanjian Kredit No. 174/CB/JKT/2019, PT                          Agreement No. 174/CB/JKT/2019, PT Bank
         Bank CIMB Niaga Tbk setuju untuk                                   CIMB Niaga Tbk agreed to provide a working
         memberikan fasilitas pinjaman modal kerja                          capital loan facility with a maximum available
         dengan jumlah maksimum dana yang                                   fund amounting to Rp200,000 which was used
         disediakan adalah sebesar Rp200.000 yang                           as an additional working capital that has
         digunakan sebagai tambahan modal kerja                             matured on 8 April 2023. This facility had been
         yang telah jatuh tempo pada tanggal 8 April                        repaid at maturity date and was not renewed.
         2023. Fasilitas ini telah dilunasi pada saat jatuh
         tempo dan tidak diperpanjang.




                                                     Halaman - 178 - Page
                                                                              Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1303
Page 717
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       31. PINJAMAN YANG DITERIMA (lanjutan)                                31. BORROWINGS (continued)

            a.    Berdasarkan jenis dan mata uang (lanjutan)                     a. By type and currency (continued)

                  Lain-lain (lanjutan)                                              Others (continued)
                  PT BNI Multifinance (BNIMF): (lanjutan)                           PT BNI Multifinance (BNIMF): (continued)

                  PT Bank CIMB Niaga Tbk (lanjutan)                                 PT Bank CIMB Niaga Tbk (continued)

                  Tingkat suku bunga pinjaman berkisar antara                       Interest rate of the borrowing ranged from
                  9,00%-9,25% selama tahun 2023 dan                                 9.00%-9.25% during 2023 and 2022.
                  2022.

                  Selama periode pinjaman, BNIMF memiliki                           During the loan period, BNIMF has to comply
                  kewajiban untuk memenuhi ketentuan dalam                          with the terms of the loan agreement which
                  perjanjian pinjaman diantaranya:                                  include the following:

                  a. Menjaga gearing ratio maksimal 7 kali.                         a.   Maintaining the gearing ratio at a
                                                                                         maximum of 7 times.
                  b. Menjaga rasio NPF maksimal 3,00%.                              b.   Maintaining NPF ratio at a maximum of
                                                                                         3.00%.

                  Pembayaran bunga dan pokok pinjaman telah                         Interest and principal have been paid by the
                  dibayarkan oleh BNIMF sesuai dengan jadwal.                       BNIMF on schedule.

                  Pada tanggal 31 Desember 2023 dan                                 As of 31 December 2023 and 2022, the
                  2022 saldo pinjaman fasilitas tersebut masing-                    outstanding loan balance under this facility
                  masing sebesar Rpnihil dan Rp4.353.                               amounted to Rpnil and Rp4,353 respectively.

                  PT Bank Pembangunan Daerah Jawa Barat                             PT Bank Pembangunan Daerah Jawa Barat
                  dan Banten Tbk                                                    dan Banten Tbk

                  Pada tanggal 20 November 2019, BNIMF                              On 20 November 2019, BNIMF obtained
                  memperoleh fasilitas pinjaman kredit modal                        working capital facility loan from PT Bank
                  kerja dengan PT Bank Pembangunan Daerah                           Pembangunan Daerah Jawa Barat dan Banten
                  Jawa Barat dan Banten Tbk dengan                                  Tbk with maximum facility amounting to
                  maksimum fasilitas sebesar Rp100.000 dan                          Rp100,000 and tenure of 42 months and has
                  jangka waktu pinjaman selama 42 bulan dan                         matured on 20 May 2023. This facility had been
                  telah jatuh tempo pada tanggal 20 Mei 2023.                       repaid at maturity date and was not renewed.
                  Fasilitas ini telah dilunasi pada saat jatuh
                  tempo dan tidak diperpanjang.

                  Tingkat suku bunga pinjaman adalah 9,50%                          Interest rate of the borrowing is 9.50% during
                  selama tahun 2023 dan 2022.                                       2023 and 2022.

                  Pembayaran bunga dan pokok pinjaman telah                         Interest and principal have been paid by the
                  dibayarkan oleh BNIMF sesuai dengan jadwal.                       BNIMF on schedule.

                  Selama periode pinjaman, BNIMF memiliki                           During the loan period, BNIMF has to comply
                  kewajiban untuk memenuhi ketentuan dalam                          with the terms of the loan agreement which
                  perjanjian pinjaman diantaranya, menjaga                          include, maintaining NPF ratio at a maximum of
                  rasio NPF maksimal 3,00%.                                         3.00%.

                  Pada tanggal 31 Desember 2023 dan                                 As of 31 December 2023 and 2022, the
                  2022, saldo pinjaman fasilitas tersebut masing-                   outstanding loan balance under this facility
                  masing sebesar Rpnihil dan Rp3.472.                               amounted to Rpnil and Rp3,472, respectively.




                                                           Halaman - 179 - Page
1304   Menduniakan Bisnis Indonesia
Page 718
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                          Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                         Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

31. PINJAMAN YANG DITERIMA (lanjutan)                            31. BORROWINGS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                  a. By type and currency (continued)

         Lain-lain (lanjutan)                                              Others (continued)

         PT BNI Multifinance (BNIMF): (lanjutan)                           PT BNI Multifinance (BNIMF): (continued)

          PT Bank Mandiri (Persero) Tbk                                    PT Bank Mandiri (Persero) Tbk

          Pada tanggal 28 Agustus 2018, BNIMF                              On 28 August 2018, BNIMF obtained working
          memperoleh fasilitas pinjaman kredit modal                       capital facility loan from PT Bank Mandiri
          kerja dengan PT Bank Mandiri (Persero) Tbk                       (Persero) Tbk with maximum facility amounting
          dengan       maksimum      fasilitas    sebesar                  to Rp250,000 and tenure of 60 months and has
          Rp250.000 dengan jangka waktu pinjaman 60                        matured on 28 August 2023. This facility had
          bulan dan telah jatuh tempo pada tanggal 28                      been repaid at maturity date and was not
          Agustus 2023. Fasilitas ini telah dilunasi pada                  renewed.
          saat jatuh tempo dan tidak diperpanjang.

          Pada    tanggal   16    September    2019,                       On 16 September 2019, based on the Credit
          berdasarkan Perjanjian Kredit No. 18, PT                         Agreement No. 18, PT Bank Mandiri (Persero)
          Bank Mandiri (Persero) Tbk setuju untuk                          Tbk agreed to provide additional working
          memberikan tambahan fasilitas pinjaman                           capital loan facility with a maximum available
          modal kerja dengan jumlah maksimum dana                          fund amounting to Rp250,000 which was used
          yang disediakan adalah sebesar Rp250.000                         as an additional working capital for consumer
          yang digunakan sebagai tambahan modal                            financing and will mature on 20 February 2024.
          kerja pembiayaan konsumen dan akan jatuh
          tempo pada tanggal 20 Februari 2024.

          Pada tanggal 16 Maret 2020, BNIMF                                On 16 March 2020, BNIMF obtained additional
          memperoleh tambahan fasilitas pinjaman                           working        capital facility  loan      from
          kredit modal kerja dengan PT Bank Mandiri                        PT Bank Mandiri (Persero) Tbk with total facility
          (Persero) Tbk dengan total fasilitas sebesar                     amounting to Rp250,000 and tenure of
          Rp250.000 dengan jangka waktu pinjaman 48                        48 months from the date of withdrawal of each
          bulan sejak tanggal penarikan setiap fasilitas.                  credit facility.

          BNIMF telah menggunakan fasilitas ini                            BNIMF has utilised this facility amounted at
          sebesar Rp 234.800 pada tanggal 26 Maret                         Rp234,800 on 26 March 2020, 8 April 2020, 29
          2020, 8 April 2020, 29 April 2020, 6 Mei 2020,                   April 2020, 6 May 2020, 5 June 2020, 26 June
          5 Juni 2020, 26 Juni 2020, 27 Juli 2020, 15                      2020, 27 July 2020, 15 August 2020, 8
          Agustus 2020, 8 September 2020, dan 14                           September 2020, and 14 September 2020,
          September 2020 masing-masing sebesar                             which each of the drawdown amounted to
          Rp20.000, Rp15.000, Rp35.000, Rp30.000,                          Rp20,000, Rp15,000, Rp35,000, Rp30,000,
          Rp20.800, Rp 8.500, Rp11.000, Rp 15.000,                         Rp20,800, Rp8,500, Rp11,000, Rp15,000,
          Rp52.000, dan Rp 27.500.                                         Rp52,000, and Rp27,500.

          Fasilitas ini memiliki jatuh tempo maksimal 48                   This facility will mature maximum 48 months
          bulan sejak tanggal penarikan masing-masing,                     after the drawdown date, respectively on 26
          yaitu pada tanggal 26 Maret 2024, 8 April                        March 2024, 8 April 2024, 28 April 2024, 6 May
          2024, 28 April 2024, 6 Mei 2024, 5 Juni 2024,                    2024, 5 June 2024, 26 June 2024, 27 July
          26 Juni 2024, 27 Juli 2024, 15 Agustus 2023,                     2024, 15 August 2023, 8 September 2024, and
          8 September 2024, dan 14 September 2024.                         14 September 2024.




                                                    Halaman - 180 - Page
                                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1305
Page 719
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       31. PINJAMAN YANG DITERIMA (lanjutan)                                31. BORROWINGS (continued)

            a.    Berdasarkan jenis dan mata uang (lanjutan)                     a. By type and currency (continued)

                  Lain-lain (lanjutan)                                              Others (continued)

                  PT BNI Multifinance (BNIMF): (lanjutan)                           PT BNI Multifinance (BNIMF): (continued)

                  PT Bank Mandiri (Persero) Tbk (lanjutan)                           PT Bank Mandiri (Persero) Tbk (continued)

                  Pada tanggal 16 September 2021, BNIMF                              On 16 September 2021, BNIMF obtained
                  memperoleh tambahan fasilitas pinjaman                             additional working capital facility loan from
                  kredit modal kerja dengan PT Bank Mandiri                          PT Bank Mandiri (Persero) Tbk with total facility
                  (Persero) Tbk dengan total fasilitas sebesar                       amounting to Rp250,000 and tenure of
                  Rp250.000 dengan jangka waktu pinjaman 48                          48 months from the date of withdrawal of each
                  bulan sejak tanggal penarikan setiap fasilitas.                    credit facility.

                  BNIMF telah menggunakan fasilitas ini                              BNIMF has used this facility amounting to
                  sebesar   Rp10.000    pada   tanggal  21                           Rp10,000 on 21 September 2021 and 22 April
                  September 2021 dan 22 April 2022 masing-                           2022 which each of the drawdown amounted to
                  masing sebesar Rp5.000.                                            Rp5,000.

                  Fasilitas ini memiliki jatuh tempo maksimal 48                     This facility will mature maximum 48 months
                  bulan sejak tanggal penarikan masing-masing,                       from the respective withdrawal date, namely 21
                  yaitu pada tanggal 21 September 2024 dan 22                        September 2024 and 22 April 2025.
                  April 2025.

                  Pada tanggal 22 Februari 2023, BNIMF                               On 22 February 2023, BNIMF obtained
                  memperoleh tambahan fasilitas pinjaman                             additional working capital facility loan from
                  kredit modal kerja dengan PT Bank Mandiri                          PT Bank Mandiri (Persero) Tbk with total facility
                  (Persero) Tbk dengan total fasilitas sebesar                       amounting to Rp350,000 and tenure of
                  Rp350.000 untuk jangka waktu pinjaman                              60 months from the date of withdrawal of each
                  sampai dengan 60 bulan sejak tanggal                               credit facility, using a revolving scheme.
                  penarikan     setiap    fasilitas,   dengan
                  menggunakan skema revolving.

                  BNIMF telah menggunakan fasilitas ini                             BNIMF has used this facility amounting to
                  sebesar Rp367.000 pada tanggal 13 Maret                           Rp367,000 on 13 March 2023, 3 May 2023, 16
                  2023, 3 Mei 2023, 16 Mei 2023, 31 Mei 2023,                       May 2023, 31 May 2023, 5 June 2023, 21 June
                  5 Juni 2023, 21 Juni 2023, 23 Juni 2023, 27                       2023, 23 June 2023, 27 June 2023, 3 July
                  Juni 2023, 3 Juli 2023, 7 Juli 2023, 13 Juli                      2023, 7 July 2023 , 13 July 2023, 20 July 2023,
                  2023, 20 Juli 2023, 27 Juli 2023, 28 Juli 2023,                   27 July 2023, 28 July 2023, 2 August 2023, 7
                  2 Agustus 2023, 7 Agustus 2023, 9 Agustus                         August 2023, 9 August 2023, 14 August 2023,
                  2023, 14 Agustus 2023, 15 Agustus 2023, dan                       15 August 2023, and 16 August 2023 which
                  16 Agustus 2023 masing-masing sebesar                             each of the drawdown amounted to Rp20,000,
                  Rp20.000, Rp15.000, Rp35.000, Rp10.000,                           Rp15,000, Rp35,000, Rp10,000, Rp25,000,
                  Rp25.000, Rp10.000, Rp33.000, Rp32.000,                           Rp10,000, Rp33,000, Rp32,000, Rp35,000,
                  Rp35.000, Rp10.000, Rp15.000, Rp12.000,                           Rp10,000, Rp15,000, Rp12,000, Rp20,000,
                  Rp20.000, Rp10.000, Rp10.000, Rp15.000,                           Rp10,000, Rp10,000, Rp15,000, Rp15,000,
                  Rp15.000,      Rp15.500,     Rp12.500,      dan                   Rp15,500, Rp12,500 and Rp17,000.
                  Rp17.000.




                                                           Halaman - 181 - Page
1306   Menduniakan Bisnis Indonesia
Page 720
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                          Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                         Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

31. PINJAMAN YANG DITERIMA (lanjutan)                            31. BORROWINGS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                  a. By type and currency (continued)

         Lain-lain (lanjutan)                                              Others (continued)

         PT BNI Multifinance (BNIMF): (lanjutan)                           PT BNI Multifinance (BNIMF): (continued)

          PT Bank Mandiri (Persero) Tbk (lanjutan)                         PT Bank Mandiri (Persero) Tbk (continued)

          Fasilitas ini memiliki jatuh tempo maksimal 60                   This facility will mature maximum 60 months
          bulan sejak tanggal penarikan masing-masing,                     from    the    respective   withdrawal    date,
          yaitu pada tanggal 13 Maret 2025, 3 Mei 2025,                    respectively on 13 March 2025, 3 May 2025, 16
          16 Mei 2025, 31 Mei 2025, 5 Juni 2025, 21                        May 2025, 31 May 2025, 5 June 2025, 21 June
          Juni 2025, 23 Juni 2025, 27 Juni 2025, 3 Juli                    2025, 23 June 2025, 27 June 2025, 3 July
          2026, 7 Juli 2025, 13 Juli 2026, 20 Juli 2026,                   2026, 7 July 2025, 13 July 2026, 20 July 2026,
          27 Juli 2026, 28 Juli 2025, 2 Agustus 2025, 7                    27 July 2026, 28 July 2025, 2 August 2025, 7
          Agustus 2026, 9 Agustus 2026, 14 Agustus                         August 2026, 9 August 2026, 14 August 2025,
          2025, 15 Agustus 2025, dan 16 Agustus 2026.                      15 August 2025, and 16 August 2026.

          Pada tanggal 22 Februari 2023, BNIMF                             On 22 February 2023, BNIMF obtained
          memperoleh tambahan fasilitas pinjaman                           additional short-term credit loan facility from
          kredit jangka pendek dengan PT Bank Mandiri                      PT Bank Mandiri (Persero) Tbk with total facility
          (Persero) Tbk dengan total fasilitas sebesar                     amounting to Rp150,000 with a revolving
          Rp150.000 dengan skema revolving dan                             scheme and maximum tenure of 12 months
          jangka waktu pinjaman sampai dengan 12                           from the date of the signing of credit
          bulan     sejak    tanggal penandatanganan                       agreement.
          perjanjian kredit.

          BNIMF telah menggunakan fasilitas ini                            BNIMF has utilised this facility amounted at
          sebesar Rp275.000 pada tanggal 24 Februari                       Rp275,000 on 24 February 2023, 30 March
          2023, 30 Maret 2023, 3 Mei 2023, 9 Mei 2023,                     2023, 3 May 2023, 9 May 2023, 25 May 2023,
          25 Mei 2023, 4 Juli 2023, 9 Agustus 2023, 30                     4 July 2023, 9 August 2023, 30 August 2023
          Agustus 2023, 29 September 2023 masing-                          and 29 September 2023 which each of the
          masing    sebesar     Rp30.000,   Rp30.000,                      drawdown amounted to Rp30,000, Rp30,000,
          Rp10.000, Rp10.000, Rp70.000, Rp10.000,                          Rp10,000, Rp10,000, Rp70,000, Rp10,000,
          Rp35.000, Rp35.000, Rp45.000 dan telah                           Rp35,000, Rp35,000, Rp45,000 and has been
          jatuh tempo pada tanggal 17 Mei 2023, 26 Mei                     matured on 17 May 2023, 26 May 2023, 15
          2023, 15 Mei 2023, 12 Mei 2023, 10                               May 2023, 12 May 2023, 10 November 2023, 1
          November 2023, 1 September 2023, 6                               September 2023, 6 October 2023, 12
          Oktober 2023, 12 September 2023, dan 10                          September 2023, and 10 October 2023.
          Oktober 2023.

          BNIMF telah melakukan penarikan atas                             BNIMF has utilised this facility amounted at
          fasilitas pinjaman ini sebesar Rp150.000 pada                    Rp150,000 on 31 October 2023 and 20
          tanggal 31 Oktober 2023 dan 20 November                          November 2023 which each of the drawdown
          2023 masing-masing sebesar Rp80.000 dan                          amounted to Rp80,000 and Rp70,000 which
          Rp70.000 yang akan jatuh tempo pada                              will be mature on 4 January 2024 and 3
          tanggal 4 Januari 2024 dan 3 Januari 2024.                       January 2024.

          Pada tanggal 16 Oktober 2023, BNIMF                              On 16 October 2023, BNIMF obtained
          memperoleh tambahan fasilitas pinjaman                           additional working capital loan facility from
          kredit modal kerja dengan PT Bank Mandiri                        PT Bank Mandiri (Persero) Tbk with total facility
          (Persero) Tbk dengan total fasilitas sebesar                     amounting to Rp500,000 with a maximum
          Rp500.000 dengan jangka waktu pinjaman                           tenure of 72 months from the date of the
          sampai dengan 72 bulan sejak tanggal                             signing of credit agreement with revolving
          penandatanganan perjanjian kredit dengan                         scheme.
          skema revolving.




                                                    Halaman - 182 - Page
                                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1307
Page 721
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       31. PINJAMAN YANG DITERIMA (lanjutan)                                31. BORROWINGS (continued)

            a.    Berdasarkan jenis dan mata uang (lanjutan)                     a. By type and currency (continued)

                  Lain-lain (lanjutan)                                              Others (continued)

                  PT BNI Multifinance (BNIMF): (lanjutan)                           PT BNI Multifinance (BNIMF): (continued)

                  PT Bank Mandiri (Persero) Tbk (lanjutan)                           PT Bank Mandiri (Persero) Tbk (continued)

                  BNIMF telah menggunakan fasilitas ini                              BNIMF has utilised this facility amounted at
                  sebesar Rp300.000 pada tanggal 18 Oktober                          Rp300,000 on 18 October 2023, 27 October
                  2023, 27 Oktober 2023, 13 November 2023,                           2023, 13 November 2023, 21 November 2023,
                  21 November 2023, 30 November 2023, 4                              30 November 2023, 4 December 2023, 22
                  Desember 2023, 22 Desember 2023, dan 28                            December 2023, and 28 December 2023,
                  Desember 2023 masing-masing sebesar                                which each of the drawdown amounted to
                  Rp60.000, Rp40.000, Rp50.000, Rp25.000,                            Rp60,000, Rp40,000, Rp50,000, Rp25,000,
                  Rp25.000,    Rp25.000,   Rp46.000     dan                          Rp25,000, Rp25,000, Rp46,000 and Rp29,000.
                  Rp29.000.

                  Fasilitas ini memiliki jatuh tempo maksimal 60                     This facility will mature maximum 60 months
                  bulan sejak tanggal penarikan masing-masing,                       from    the    respective   withdrawal date,
                  yaitu pada tanggal 18 Oktober 2025, 27                             respectively on 18 October 2025, 27 October
                  Oktober 2026, 13 November 2025, 21                                 2026, 13 November 2025, 21 November 2025,
                  November 2025, 30 November 2025, 4                                 30 November 2025, 4 December 2025, 22
                  Desember 2025, 22 Desember 2025, dan 28                            December 2025, and 28 December 2026.
                  Desember 2026.

                  Selama periode pinjaman, BNIMF memiliki                            During the loan period, BNIMF has to comply
                  kewajiban untuk memenuhi ketentuan dalam                           with the terms of the loan agreement which
                  perjanjian pinjaman diantaranya:                                   include the following:

                  a. Menjaga gearing ratio maksimal 10 kali.                         a. Maintaining the gearing ratio at a maximum
                                                                                        of 10 times.
                  b. Menjaga rasio NPF maksimal 5,00%.                               b. Maintaining the NPF ratio at a maximum of
                                                                                        5.00%.

                  Tingkat suku bunga pinjaman berkisar antara                        Interest rate of the borrowing ranged from
                  7,65%-9,00% dan 8,00% selama tahun 2023                            7.65%-9.00% and 8.00% during 2023 and
                  dan 2022.                                                          2022.

                  Selama tahun 2023, BNIMF telah melakukan                           During 2023, the Company has paid interest
                  pembayaran pokok dan bunga atas fasilitas                          and principal from loan facilities from PT Bank
                  pinjaman dari PT Bank Mandiri (Persero) Tbk                        Mandiri (Persero) Tbk amounted to Rp576,810.
                  sebesar Rp576.810.

                  Pada tanggal 31 Desember 2023 dan                                  As of 31 December 2023 and 2022, the
                  2022, saldo pinjaman fasilitas tersebut masing-                    outstanding loan balance under this facility
                  masing sebesar Rp772.307 dan Rp179.048.                            amounted to Rp772,307 and Rp179,048,
                                                                                     respectively.

                  Dalam perjanjian-perjanjian fasilitas pinjaman                     Under the above-mentioned loans facility
                  yang disebutkan di atas, BNIMF diharuskan                          agreements, BNIMF is required to maintain
                  menjaga rasio-rasio keuangan dan memenuhi                          certain financial ratios and comply to certain
                  pembatasan-pembatasan tertentu termasuk                            restrictions including not exceeding established
                  tidak melebihi dari batas yang telah ditetapkan,                   limits, such as, in areas of making any loans or
                  antara lain, dalam hal melakukan pinjaman,                         granting any credit, giving any guarantee or
                  pemberian piutang, pemberian jaminan atau                          indemnity, disposal of assets, changes in
                  ganti rugi, pelepasan aset, perubahan bisnis,                      business, acquisition of other companies or
                  akuisisi perusahaan dan bisnis, pengeluaran                        businesses, capital expenditures, transactions
                  untuk barang modal, transaksi dengan afiliasi                      with affiliates and write off of receivables.
                  dan penghapusan piutang.




                                                           Halaman - 183 - Page
1308   Menduniakan Bisnis Indonesia
Page 722
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                          Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                         Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

31. PINJAMAN YANG DITERIMA (lanjutan)                            31. BORROWINGS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                  a. By type and currency (continued)

         Lain-lain (lanjutan)                                              Others (continued)

         PT BNI Multifinance (BNIMF): (lanjutan)                           PT BNI Multifinance (BNIMF): (continued)

          PT Bank Mandiri (Persero) Tbk (lanjutan)                         PT Bank Mandiri (Persero) Tbk (continued)

         Tingkat suku bunga pinjaman berkisar antara                       Interest rate of the borrowing ranged from
         7,65%-9,00% selama tahun 2023 (2022:                              7.65%-9.00% during 2023 (2022: 8.00%).
         8,00%).

         Pembayaran bunga dan pokok pinjaman telah                         Interest and principal have been paid by the
         dibayarkan oleh Perusahaan sesuai dengan                          Company on schedule.
         jadwal.

         Pada tanggal 31 Desember 2023 dan                                 As of 31 December 2023 and 2022, the
         2022, saldo pinjaman fasilitas tersebut masing-                   outstanding loan balance under this facility
         masing sebesar Rp772.307 dan Rp179.048.                           amounted to Rp772,307 and Rp179,048,
                                                                           respectively.

         Dalam perjanjian-perjanjian fasilitas pinjaman                    Under the above-mentioned loans facility
         yang disebutkan di atas, BNIMF diharuskan                         agreements, BNIMF is required to maintain
         menjaga rasio-rasio keuangan dan memenuhi                         certain financial ratios and comply to certain
         pembatasan-pembatasan tertentu termasuk                           restrictions including not exceeding established
         tidak melebihi dari batas yang telah ditetapkan,                  limits, such as, in areas of making any loans or
         antara lain, dalam hal melakukan pinjaman,                        granting any credit, giving any guarantee or
         pemberian piutang, pemberian jaminan atau                         indemnity, disposal of assets, changes in
         ganti rugi, pelepasan aset, perubahan bisnis,                     business, acquisition of other companies or
         akuisisi perusahaan dan bisnis, pengeluaran                       businesses, capital expenditures, transactions
         untuk barang modal, transaksi dengan afiliasi                     with affiliates and write off of receivables.
         dan penghapusan piutang.

         PT Bank Central Asia Tbk                                          PT Bank Central Asia Tbk

         Pada tanggal 22 Agustus 2023, berdasarkan                         On 22 August 2023, based on the credit
         Perjanjian Kredit No. 137,                BNIMF                   agreement No. 137, BNIMF obtained
         memperoleh       fasilitas  pinjaman       kredit                 Installment loan facility from PT Bank Central
         Installment loan dengan PT Bank Central Asia                      Asia with maximum facility amounting to
         dengan      maksimum       fasilitas     sebesar                  Rp105,000 and tenure of 4 years from the date
         Rp105.000 dengan jangka waktu pinjaman 4                          of withdrawal of each facilities.
         tahun sejak tanggal penarikan fasilitas.

         BNIMF telah menggunakan fasilitas ini                             BNIMF has utilised this facility amounted at
         sebesar Rp66.500 pada tanggal 23 Agustus                          Rp66,500 on 23 August 2023, 31 August 2023,
         2023, 31 Agustus 2023, 7 September 2023, 19                       7 September 2023, 19 September 2023, 26
         September 2023, 26 September 2023, dan 6                          September 2023, and 6 Desember 2023 which
         Desember 2023 masing-masing sebesar                               each of the drawdown amounted to Rp5,000,
         Rp5.000, Rp10.000, Rp23.000, Rp11.500, Rp                         Rp10,000, Rp23,000, Rp11,500, Rp7,000 and
         7.000 dan Rp10.000.                                               Rp10,000.

         Fasilitas ini memiliki jatuh tempo maksimal 4                     This facility will mature maximum 4 years after
         tahun sejak tanggal penarikan masing-masing                       the drawdown date, respectively on 23 August
         pinjaman, yaitu pada tanggal 23 Agustus 2026,                     2026, 21 August 2026, 7 September 2025, 1
         21 Agustus 2026, 7 September 2025, 1                              September 2025, 20 September 2026, dan 27
         September 2025, 20 September 2026, dan 27                         November 2026.
         November 2026.




                                                    Halaman - 184 - Page
                                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1309
Page 723
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       31. PINJAMAN YANG DITERIMA (lanjutan)                                31. BORROWINGS (continued)

            a.    Berdasarkan jenis dan mata uang (lanjutan)                     a. By type and currency (continued)

                  Lain-lain (lanjutan)                                              Others (continued)

                  PT BNI Multifinance (BNIMF): (lanjutan)                           PT BNI Multifinance (BNIMF): (continued)

                  PT Bank Central Asia Tbk (lanjutan)                                PT Bank Central Asia Tbk (continued)

                  Tingkat suku bunga pinjaman adalah 7,75%                           Interest rate of the borrowing is 7.75% during
                  selama tahun 2023.                                                 2023.

                  Pada tanggal 31 Desember 2023 saldo                                As of 31 December 2023, the outstanding loan
                  pinjaman fasilitas tersebut sebesar Rp59.938.                      balance under this facility amounted to
                                                                                     Rp59,938.

                  PT Bank Digital BCA                                                PT Bank Digital BCA

                  Pada tanggal 13 Desember 2023, berdasarkan                         On 13 December 2023, based on the credit
                  Perjanjian Kredit No. 60, BNIMF memperoleh                         agreement No. 60, BNIMF obtained installment
                  fasilitas pinjaman kredit installment loan                         loan facility from PT Bank Digital BCA with
                  dengan PT Bank Digital BCA dengan                                  maximum facility amounting to Rp100,000 and
                  maksimum fasilitas sebesar       Rp100.000                         tenure of 4 years from the date of withdrawal of
                  dengan jangka waktu pinjaman 4 tahun sejak                         each facilities.
                  tanggal penarikan fasilitas.

                  BNIMF telah menggunakan fasilitas ini                              BNIMF has utilised this facility amounted at
                  sebesar Rp4.500 pada tanggal 22 Desember                           Rp4,500 on 22 December 2023.
                  2023.

                  Fasilitas ini memiliki jatuh tempo maksimal 4                      This facility will mature maximum 4 years after
                  tahun sejak tanggal penarikan masing-masing                        the drawdown date, which is on 20 December
                  pinjaman, yaitu pada tanggal 20 Desember                           2027.
                  2027.

                  Tingkat suku bunga pinjaman adalah 8,00%                           Interest rate of the borrowing is 8.00% during
                  selama tahun 2023.                                                 2023.

                  Pada tanggal 31 Desember 2023 saldo                                As of 31 December 2023, the outstanding loan
                  pinjaman fasilitas tersebut sebesar Rp4.500.                       balance under this facility amounted to
                                                                                     Rp4,500.




                                                           Halaman - 185 - Page
1310   Menduniakan Bisnis Indonesia
Page 724
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                          Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                         Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

31. PINJAMAN YANG DITERIMA (lanjutan)                            31. BORROWINGS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                  a. By type and currency (continued)

         Lain-lain (lanjutan)                                              Others (continued)

         PT BNI Multifinance (BNIMF): (lanjutan)                           PT BNI Multifinance (BNIMF): (continued)

         PT Bank Panin Tbk                                                 PT Bank Panin Tbk

         Pada tanggal 13 Oktober 2023, BNIMF                               On 13 October 2023, BNIMF obtained working
         memperoleh fasilitas pinjaman kredit modal                        capital loan facility from PT Bank Panin based
         kerja dengan PT Bank Panin berdasarkan                            on credit agreement No. 47 with maximum
         perjanjian kredit No. 47 dengan maksimum                          facility amounting to Rp100,000 and tenure of
         fasilitas sebesar Rp100.000 dengan jangka                         36 months or 48 months from the date of
         waktu pinjaman 36 bulan atau 48 bulan sejak                       withdrawal of each facilities.
         tanggal penarikan fasilitas.

         BNIMF telah menggunakan fasilitas ini                             BNIMF has utilised this facility amounted at
         sebesar Rp65.000 pada tanggal 23 November                         Rp65,000 on 23 November 2023, 5 December
         2023, 5 Desember 2023 dan 19 Desember                             2023 and 19 December 2023 which each of the
         2023 masing-masing sebesar Rp10.000,                              drawdown amounted to Rp10,000, Rp25,000
         Rp25.000 dan Rp 30.000.                                           and Rp30,000.

         Fasilitas ini memiliki jatuh tempo maksimal 36                    This facility will mature maximum 36 months or
         bulan atau 48 bulan sejak tanggal penarikan                       48 montsh after the drawdown date,
         masing-masing pinjaman, yaitu pada tanggal                        respectively on 23 November 2027, 4
         23 November 2027, 4 Desember 2026 dan 18                          December 2026 and 18 December 2026.
         Desember 2026.

         Tingkat suku bunga pinjaman adalah 7,50%-                         Interest rate of the borrowing is 7.50%-7.75%
         7,75% selama tahun 2023.                                          during 2023.

         Pembayaran bunga dan pokok pinjaman telah                         Interest and principal have been paid by the
         dibayarkan oleh BNIMF sesuai dengan jadwal.                       BNIMF on schedule.

         Pada tanggal 31 Desember 2023 dan 2022,                           As of 31 December 2023 and 2022, the
         saldo pinjaman fasilitas tersebut adalah                          outstanding loan balance under this facility
         sebesar Rp64.792 dan Rpnihil.                                     amounted to Rp64,792 and Rpnil.

          PT Bank CTBC Indonesia                                           PT Bank CTBC Indonesia

         Pada tanggal 9 Oktober 2021, Perusahaan                           On 9 October 2021, the Company has
         telah mendapatkan modal kerja dari PT Bank                        obtained a working capital loan facility from PT
         CTBC Indonesia dengan total Rp125.000.                            Bank     CTBC       Indonesia   amounted       at
         Pada tanggal 9 Oktober 2023, berdasarkan                          Rp125,000. On 9 October 2023, based on the
         perjanjian fasilitas kredit No. 355/ADD/X/2023                    credit facility agreement No. 355/ADD/X/2023
         fasilitas ini diperpanjang hingga 27 Oktober                      this facility will be matured on 27 October
         2024.                                                             2024.

         Tingkat suku bunga pinjaman adalah 8,00%                          Interest rate of the borrowing is 8.00% for
         untuk pencairan selama tahun 2023.                                withdrawal during the year 2023.

         Pada tanggal 31 Desember 2023 saldo                               As of 31 December 2023, the outstanding loan
         pinjaman fasilitas tersebut masing-masing                         balance under this facility amounted to
         sebesar Rp10.000.                                                 Rp10,000.




                                                    Halaman - 186 - Page
                                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1311
Page 725
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       31. PINJAMAN YANG DITERIMA (lanjutan)                                31. BORROWINGS (continued)

            a.    Berdasarkan jenis dan mata uang (lanjutan)                     a.   By type and currency (continued)

                  Lain-lain (lanjutan)                                                Others (continued)

                  PT BNI Sekuritas:                                                   PT BNI Sekuritas:

                  PT Bank Pembangunan Daerah Jawa Barat                               PT Bank Pembangunan Daerah Jawa Barat
                  dan Banten Tbk (“Bank BJB”)                                         dan Banten Tbk (“Bank BJB”)

                  PT BNI Sekuritas memperoleh fasilitas kredit                        PT BNI Sekuritas obtained a Money Market
                  Money Market dengan perjanjian No.7 tanggal                         credit facility with the agreement No.7 dated 27
                  27 Januari 2023 oleh Notaris Emma                                   January 2023, by Notary Emma Ramdaniah,
                  Ramdaniah, S.H. dengan limit fasilitas                              S.H., with facility limit amounting to Rp100,000
                  Rp100.000 dan jangka waktu penarikan                                and the period of facility withdrawal maturing
                  sampai dengan 29 Januari 2024. Tingkat suku                         on 29 January 2024. Interest rate will be
                  bunga akan ditentukan pada saat penarikan,                          determined at the withdrawal, based on money
                  berdasarkan suku bunga pasar. Tidak ada                             market rate. There is no guarantee for Money
                  jaminan untuk Pinjaman Money Market.                                Market.

                  Selama periode pinjaman, PT BNI Sekuritas                           During the loan period, PT BNI Sekuritas has
                  memiliki kewajiban untuk memenuhi ketentuan                         to comply with the terms of the loan agreement
                  dalam     perjanjian pinjaman   diantaranya                         which include to maintain the percentage of
                  menjaga persentase kepemilikan saham PT                             ownership of PT Bank Negara Indonesia
                  Bank Negara Indonesia (Persero) Tbk pada                            (Persero) Tbk at the Company are minimum of
                  Perusahaan minimum 51%.                                             51%.

                  Pada tanggal 31 Desember 2023, saldo utang                          As at 31 December 2023, the outstanding
                  bank pada Bank BJB adalah Rpnihil.                                  bank loan on Bank BJB is amounting to Rpnil.

                  PT Bank Jago Tbk                                                    PT Bank Jago Tbk

                  PT BNI sekuritas memperoleh fasilitas kredit                        PT BNI Sekuritas obtained a Promes
                  Pinjaman     Promes      Berjangka     dengan                       Berjangka credit facility in which the agreement
                  Addendum      II    Perjanjian   Kredit   No.                       with       letter      Addendum        II    No.
                  100/029/B/21032023 tanggal 21 Maret 2023                            100/029B/21032023 dated 21 March 2023,
                  dengan limit fasilitas Rp50.000 dan jangka                          with facility limit amounting to Rp50,000 and
                  waktu      penarikan       sampai      dengan                       the period of facility withdrawal maturing on 21
                  21 Maret 2024. Tingkat suku bunga akan                              March 2024. Interest rate will be determined at
                  ditentukan pada saat penarikan, berdasarkan                         the withdrawal, based on money market rate.
                  suku bunga pasar. Tidak ada jaminan untuk                           There is no guarantee for Promes Berjangka
                  kredit Promes Berjangka.                                            credit.

                  Pada tanggal 31 Desember 2023, saldo utang                          As at 31 December 2023, the outstanding
                  bank pada Bank Jago adalah Rpnihil.                                 bank loan on Bank Jago is amounting to Rpnil.




                                                           Halaman - 187 - Page
1312   Menduniakan Bisnis Indonesia
Page 726
     Permodalan & Praktik       Tata Kelola     Tanggung Jawab
                                      PT BANK NEGARA           Sosial
                                                          INDONESIA       Komitmen Tbk
                                                                      (PERSERO)                                   Laporan
      Manajemen Risiko          Perusahaan         dan Lingkungan           ESG                                  Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                           31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

31. PINJAMAN YANG DITERIMA (lanjutan)                                   31. BORROWINGS (continued)

    a.   Berdasarkan jenis dan mata uang (lanjutan)                         a. By type and currency (continued)

         Lain-lain (lanjutan)                                                    Others (continued)

         PT BNI Sekuritas: (lanjutan)                                            PT BNI Sekuritas: (continued)

         PT Bank KEB Hana Indonesia                                              PT Bank KEB Hana Indonesia

         PT BNI Sekuritas memperoleh Fasilitas Money                             PT BNI Sekuritas obtained Money Market Line
         Market Line dari Hana yang perjanjiannya                                Facility from Hana in which the agreement has
         telah diperpanjang beberapa kali dengan                                 been extended several times with the latest
         perpanjangan dan penambahan limit fasilitas                             extension and additional letter facility limit No.
         terakhir dengan surat No.366/PK/2023tanggal                             366/PK/2023 dated 12 Mei 2023, with total
         12 Mei 2023 dengan total limit fasilitas sebesar                        facility limit amounting to Rp100,000, and the
         Rp100.000, dan jangka waktu penarikan                                   period of facility withdrawal maturing on
         sampai dengan 30 Mei 2024. Tingkat suku                                 30 May 2024. Interest rate will be determined
         bunga akan ditentukan pada saat penarikan,                              at the withdrawal, based on money market
         berdasarkan suku bunga pasar. Tidak ada                                 rate. The loan is unsecured.
         jaminan untuk fasilitas pinjaman ini.

         Selama periode pinjaman, PT BNI Sekuritas                               During the loan period, PT BNI sekuritas has to
         memiliki kewajiban untuk memenuhi ketentuan                             comply with the terms of the loan agreement
         dalam perjanjian pinjaman diantaranya:                                  which include the following:

          a.    Menjaga persentase kepemilikan saham                             a.      Maintain the percentage of ownership of
                PT Bank Negara Indonesia (Persero) Tbk                                   PT Bank Negara Indonesia (Persero) Tbk
                pada Perusahaan minimum 51%;                                             at the Company at minimum of 51%;

          b. Menjaga saldo pinjaman bank dari setiap                             b.      Maintain the balance of outstanding bank
             bank maksimum 25% dari total modal                                          loan from each bank at a maximum 25% of
             Perusahaan dan total semua pinjaman                                         the Company’s total equity, and total all
             bank sebaiknya tidak melebihi total modal                                   bank loan should not exceed the PT Bank
             PT BNI Sekuritas.                                                           BNI Sekuritas total equity.

          Pada tanggal 31 Desember 2023, saldo utang                             As at 31 December 2023, the outstanding
          bank pada Bank KEB Hana Indonesia adalah                               bank loan on Bank KEB Hana Indonesia is
          Rpnihil.                                                               amounting to Rpnil.

    b.   Berdasarkan hubungan                                               b.    By relationship
                                                      2023                       2022
         Pihak berelasi                                                                                                       Related parties
           Rupiah                                            772,360                    179,952                                      Rupiah
           Mata uang asing                                    51,808                     52,680                           Foreign currencies

         Total pihak berelasi                                824,168                    232,632                             Total related parties

         Pihak ketiga                                                                                                            Third parties
           Rupiah                                             260,142                320,207                                         Rupiah
           Mata uang asing                                 29,865,298             35,101,367                              Foreign currencies

         Total pihak ketiga                                30,125,440             35,421,574                                  Total third parties
                                                           30,949,608             35,654,206




                                                    Halaman - 188 - Page
                                                                                      Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1313
Page 727
       Performa                         Laporan                     Profil
                                                       PT BANK NEGARA                   Analisa dan Pembahasan
                                                                            INDONESIA (PERSERO)        Tbk                                         Fungsi
         2023                          Manajemen                 Perusahaan           Manajemen atas Kinerja Bank                              Penunjang Bisnis
                                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                 (Expressed in millions of Rupiah, unless otherwise stated)

       31. PINJAMAN YANG DITERIMA (lanjutan)                                                  31. BORROWINGS (continued)

            c.    Tingkat suku bunga per tahun                                                         c.    Annual interest rates

                                                                                                   Dolar Amerika
                                                                                                   Serikat//United
                                                                             Rupiah                 States Dollar
                                                                               %                         %
                  2023                                                      7.50 - 9.50                     0.90 - 6.54                                           2023
                  2022                                                      8.00 - 9.75                     0.09 - 5.49                                           2022



       32. EFEK-EFEK SUBORDINASI                                                              32. SUBORDINATED SECURITIES

                                                                          2023                                  2022

                                                             Saldo/              Peringkat/        Saldo/                 Peringkat/
                                                            Balance               Rating *)       Balance                  Rating *)


            MTN Subordinasi,
                 setelah dikurangi biaya                                                                                                                Subordinated MTN,
                 penerbitan yang belum diamortisasi                                                                                         net of unamortized issuance
                 sebesar nihil pada tanggal                                                                                                   cost amounting to nil as of
                 31 Desember 2023 dan Rp6                                                                                                   31 December 2023 and Rp6
                 pada tanggal 31 Desember 2022         -                    idAA*)            99,994                idAA*)                      as of 31 December 2022

            BNI Tier 2 Subordinated Notes
                  setelah dikurangi biaya                                                                                                              Subordinated Tier 2,
                  penerbitan yang belum diamortisasi                                                                                        net of unamortized issuance
                  sebesar Rp2.287 pada tanggal                                                                                          cost amounting to Rp2,287 as of
                  31 Desember 2023 dan Rp3.405                                                                                         31 December 2023 and Rp3,405
                  pada tanggal 31 Desember 2022        7,696,213            Ba2**)            7,780,345             Ba2**)                      as of 31 December 2022
                                                                            BB***)                                  BB***)

            BNI Additional Tier 1 Capital Securities
                 setelah dikurangi biaya penerbitan                                                                                        Subordinated Additional Tier 1,
                 yang belum diamortisasi                                                                                                   net of unamortized issuance
                 sebesar Rp5.682 pada tanggal                                                                                          cost amounting to Rp5,682 as of
                 31 Desember 2023 dan Rp7.689                                                                                          31 December 2023 and Rp7,689
                 pada tanggal 31 Desember 2022         9,232,518            Ba3****)          9,332,811             Ba3****)                   as of 31 December 2022


                                                             16,928,731                                17,213,150

                  *)    Pefindo
                  **) Moody’s Ba2
                  ***) Fitch BB
                  ****) Moody’s Ba3


            MTN Subordinasi I BNI tahun 2018                                                                 Subordinated MTN I BNI year 2018

            Pada tanggal 8 Juni 2018, BNI telah mendapatkan                                                  On 8 June 2018, BNI obtained an effective
            pernyataan efektif dari OJK melalui surat nomor S-                                               statement from OJK through letter number S-
            73/PB.31/2018 untuk menerbitkan Medium Term                                                      73/PB.31/2018     to   issue     Continuous
            Notes Subordinasi I BNI Tahun 2018 (“MTN                                                         Subordinated Medium Term Notes I BNI Year
            Subordinasi”). Nilai MTN Subordinasi yang                                                        2018 ("Subordinated MTN"). The value of
            diterbitkan sebesar Rp100.000, jangka waktu 5                                                    subordinated MTN issued amounted to
            tahun, dengan kupon sebesar 8% per tahun yang                                                    Rp100,000 with the term of 5 years and
            akan dibayarkan secara triwulanan. MTN                                                           coupon of 8% per annum to be paid quarterly.
            Subordinasi BNI diterbitkan dengan penawaran                                                     BNI Subordinated MTN was issued with limited
            terbatas. Pembayaran kupon pertama kepada para                                                   offering. The first coupon payment to
            pemegang MTN Subordinasi telah dilakukan pada                                                    Subordinated MTN holders was made on
            tanggal 10 November 2018.                                                                        10 November 2018.


            Pada tanggal 31 Desember 2023 MTN Subordinasi                                                    As of 31 December 2023 Subordinated MTN
            telah jatuh tempo dan dibayar lunas. MTN                                                         has matured and fully repaid The net value of
            Subordinasi BNI memiliki nilai bersih sebesar                                                    Subordinated MTN BNI was Rp99,994 after
            Rp99.994 setelah dikurangi biaya penerbitan yang                                                 deducting   unamortized      issuance    cost
            belum diamortisasi sebesar Rp6 pada 31                                                           amounted Rp6 on 31 December 2022.
            Desember 2022.




                                                                            Halaman - 189 - Page
1314   Menduniakan Bisnis Indonesia
Page 728
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

32. EFEK-EFEK SUBORDINASI (lanjutan)                             32. SUBORDINATED SECURITIES (continued)

    BNI Tier 2 Subordinated Notes                                    BNI Tier 2 Subordinated Notes

    Pada tanggal 30 Maret 2021, BNI telah                            On 30 March 2021, BNI has issued Tier 2
    menerbitkan Tier 2 Subordinated Notes (BNI Tier 2                Subordinated Notes (BNI Tier 2 Capital Bond
    Capital Bond 2021) sebesar USD500 juta jangka                    2021) with total nominal value of USD500 million
    waktu 5 tahun, dengan kupon sebesar 3,75% per                    with the term of 5 years and coupon of 3.75% per
    tahun yang dibayarkan setiap semester, dan                       annum paid on semi-annual basis, and listed in
    tercatat di Singapore Exchange. Tier 2                           Singapore Exchange. Tier 2 Subordinated Notes
    Subordinated Notes dapat dicatat sebagai                         can be treated as supplementary capital
    komponen modal pelengkap (Tier 2) sesuai                         components (Tier 2) according to the approval
    persetujuan dari Otoritas Jasa Keuangan melalui                  from Financial Services Authority through letter
    surat No. S-64/PB.31/2021 tanggal 31 Maret 2021.                 No-S-64/PB.31/2021 dated 31 March 2021.

    Pada tanggal 31 Desember 2023, BNI Tier 2                        As of 31 December 2023, the net value of BNI Tier
    Capital Bond 2021 memiliki nilai bersih sebesar                  2 Capital Bond 2021 was Rp7,696,213 after
    Rp7.696.213 setelah dikurangi biaya penerbitan                   deducting unamortized issuance cost amounted
    yang belum diamortisasi sebesar Rp2.287 (31                      Rp2,287 (31 December 2022: Rp7,780,345).
    Desember 2022: Rp7.780.345).

    Penggunaan dana hasil penerbitan Tier 2                          The proceeds from Tier 2 Subordinated Notes
    Subordinated Notes digunakan oleh BNI untuk                      issuance was used by BNI to strengthen tier 2
    memperkuat modal pelengkap (tier 2) dan modal                    capital and working capital in the context of
    kerja dalam rangka pengembangan usaha                            business      development,      especially  loan
    terutama pemberian kredit serta peningkatan                      disbursement and increase in the composition of
    komposisi struktur dana jangka panjang, sesuai                   the long-term fund structure, in accordance with
    dengan     Peraturan OJK No. 11/POJK.03/2016                     OJK Regulation No. 11/POJK.03/2016 concerning
    tentang Kewajiban Penyediaan Modal Minimum                       the Minimum Capital Requirement for Commercial
    Bank Umum sebagaimana telah diubah dengan                        Banks as amended by OJK Regulation No.
    Peraturan OJK No. 34/POJK.03/2016 dan                            34/POJK.03/2016 and will then be used by BNI to
    selanjutnya akan digunakan oleh BNI untuk                        support increase in productive assets.
    mendukung peningkatan aset produktif.

    Pada tanggal 31 Desember 2023 dan 2022, BNI                      As of 31 December 2023 and 2022, BNI obtained
    telah memperoleh hasil pemeringkatan atas Tier 2                 the rating of Tier 2 Subordinated Notes from
    Subordinated Notes dari Moody’s dan Fitch dengan                 Moody’s and Fitch with Ba2 and BB rating,
    peringkat masing-masing Ba2 dan BB.                              respectively.

    Tier 2 Subordinated Notes ini dapat mengalami                    This Tier 2 Subordinated Notes can experience
    write down dan ditangguhkan pembayaran pokok                     write down and the payment of principal and
    dan bunganya apabila OJK menetapkan bahwa                        interest will be postponed if the OJK stipulates that
    BNI berpotensi terganggu kelangsungan usahanya                   BNI has the potential to be subject to business
    (point of non-viability) sesuai dengan peraturan                 continuity issues (point of non-viability) in
    OJK                                                              accordance        with   OJK      regulations    No.
    No. 11/POJK.03/2016 yang diubah dengan                           11/POJK.03/2016 amended by OJK regulation No.
    peraturan OJK No. 34/POJK.03/2016. Point of non-                 34/POJK.03/2016. Point of non-viability occurs due
    viability terjadi akibat bank mencapai trigger level             to a bank achieving a trigger level in the capital
    pada indikator permodalan yang ditetapkan OJK,                   indicator set by OJK, according to SEOJK No.
    sesuai                                      SEOJK                20/SEOJK.03/2016 Conversion Features into
    No. 20/SEOJK.03/2016 Fitur Konversi Menjadi                      Common Shares or Write Down of Additional Core
    Saham Biasa atau Write Down terhadap Instrumen                   Capital Instruments and Supplementary Capital.
    Modal Inti Tambahan dan Modal Pelengkap.




                                                    Halaman - 190 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1315
Page 729
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       32. EFEK-EFEK SUBORDINASI (lanjutan)                                32. SUBORDINATED SECURITIES (continued)

            BNI Additional Tier 1 Capital Securities                            BNI Additional Tier 1 Capital Securities

            Pada tanggal 24 September 2021, BNI telah                           On 24 September 2021, BNI has issued Additional
            menerbitkan Additional Tier 1 Capital Securities                    Tier 1 Capital Securities (BNI Additional Tier 1
            (BNI Additional Tier 1 Capital Bond 2021) sebesar                   Capital Bond 2021) with total nominal value of
            nilai nominal USD600 juta dan tidak memiliki                        USD600 million perpetual non callable 5.5 years
            jangka waktu, dengan opsi call 5,5 tahun, dengan                    and coupon of 4.30% per annum paid on semi-
            kupon sebesar 4,30% per tahun yang dibayarkan                       annual basis, and listed in Singapore Exchange.
            setiap semester, dan tercatat di Singapore                          Additional Tier 1 Capital Securities can be treated
            Exchange. Additional Tier 1 Capital Securities                      as supplementary capital components (Additional
            dapat dicatat sebagai komponen modal inti                           Tier 1) according to the approval from Financial
            tambahan (Additional Tier 1) sesuai persetujuan                     Services     Authority    through    letter   No.S-
            dari Otoritas Jasa Keuangan melalui surat No. S-                    210/PB.31/2021 dated 30 September 2021.
            210/PB.31/2021 tanggal 30 September 2021.

            Pada tanggal 31 Desember 2023, BNI Additional                       As of 31 December 2023, the net value of BNI
            Tier 1 Capital Bond 2021 memiliki nilai bersih                      Additional Tier 1 Capital Bond 2021 was
            sebesar Rp9.232.518 setelah dikurangi biaya                         Rp9,232,518 after deducting unamortized issuance
            penerbitan yang belum diamortisasi sebesar                          cost             amounted                Rp5,682
            Rp5.682 (31 Desember 2022: Rp9.332.811).                            (31 December 2022: Rp9,332,811).

            Pada tanggal 31 Desember 2023 dan 2022, BNI                         As of 31 December 2023 and 2022, BNI obtained
            telah memperoleh hasil pemeringkatan atas                           the rating of Additional Tier 1 Capital Securities
            Additional Tier 1 Capital Securities dari Moody’s                   from Moody’s with Ba3 rating.
            Ba3.

            Additional Tier 1 Capital Securities yang diterbitkan               Additional Tier 1 Capital Securities issued has
            telah       mengikuti       persyaratan        POJK                 comply in accordance with OJK Regulation
            11/POJK.03/2016 (Pasal 15) sehingga instrumen                       No. 11/POJK.03/2016 (Article 15) hence the
            keuangan tersebut dapat dikategorikan sebagai                       financial instrument can be categorised as
            Modal Inti Tambahan (Additional Tier 1). Namun,                     supplementary capital components (Additional Tier
            terdapat    klausul   mandatory       redemption    -               1). However, there is a mandatory redemption
            redemption for a capital trigger event ketika CAR                   clause - redemption for a capital trigger event
            BNI mencapai rasio tertentu maka Bank harus                         when BNI's CAR reaches a certain ratio, the Bank
            melakukan pelunasan terhadap sisa pokok dan                         shall pay off the remaining principal and interest
            bunga dari AT-1. Oleh karena itu, Bank mencatat                     from AT-1. Therefore, the Bank recorded this BNI
            BNI Additional Tier 1 Capital Securities ini sebagai                Additional Tier 1 Capital Securities as a liability
            instrumen liabilitas pada laporan keuangan                          instrument    in   the    consolidated   financial
            konsolidasian.                                                      statements.

            Additional Tier 1 Capital Securities ini dapat                      This Additional Tier 1 Capital Securities can
            mengalami write down dan ditangguhkan                               experience write down and the payment of
            pembayaran pokok dan bunganya apabila OJK                           principal and interest will be postponed if the OJK
            menetapkan bahwa BNI berpotensi terganggu                           stipulates that BNI has the potential to be subject
            kelangsungan usahanya (point of non-viability)                      to business continuity issues (point of non-viability)
            sesuai           dengan        peraturan       OJK                  in accordance with OJK regulations No.
            No. 11/POJK.03/2016 yang diubah dengan                              11/POJK.03/2016 amended by OJK regulation No.
            peraturan OJK No. 34/POJK.03/2016. Point of non-                    34/POJK.03/2016. Point of non-viability occurs due
            viability terjadi akibat bank mencapai trigger level                to a bank achieving a trigger level in the capital
            pada indikator permodalan yang ditetapkan OJK,                      indicator set by OJK, according to SEOJK No.
            sesuai SEOJK No. 20/SEOJK.03/2016 Fitur                             20/SEOJK.03/2016 Conversion Features into
            Konversi Menjadi Saham Biasa atau Write Down                        Common Shares or Write Down of Additional Core
            terhadap Instrumen Modal Inti Tambahan dan                          Capital Instruments and Supplementary Capital.
            Modal Pelengkap.




                                                           Halaman - 191 - Page
1316   Menduniakan Bisnis Indonesia
Page 730
     Permodalan & Praktik            Tata Kelola     Tanggung Jawab
                                           PT BANK NEGARA           Sosial
                                                               INDONESIA       Komitmen Tbk
                                                                           (PERSERO)                                          Laporan
      Manajemen Risiko               Perusahaan         dan Lingkungan           ESG                                         Keuangan
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                        31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)

33. MODAL SAHAM DAN TAMBAHAN MODAL                                                  33. SHARE CAPITAL AND ADDITIONAL PAID-IN
    DISETOR                                                                             CAPITAL

    Modal saham                                                                              Share capital

    Pada tanggal-tanggal 31 Desember 2023 dan                                                As of 31 December 2023 and 2022, BNI’s share
    2022, kepemilikan modal saham BNI adalah                                                 capital ownership are as follows:
    sebagai berikut:

                                                                            2023
                                             Jumlah lembar
                                                 saham
                                            ditempatkan dan
                                             disetor penuh/              Persentase
                                               Number of              kepemilikan (%)/
                                             shares issued               Percentage                 Jumlah/
            Pemegang saham                    and fully paid          of ownership (%)              Amount                        Shareholders
    Saham Seri A Dwiwarna                                                                                                               Class A Dwiwarna share
      Negara Republik Indonesia                                1                         -                        -                     Republic of Indonesia


    Saham Seri B                                                                                                                                 Class B shares
      Negara Republik Indonesia                   434,012,799                        1.16                1,627,548                      Republic of Indonesia
      Masyarakat
         (kepemilikan masing-masing                                                                                              Public (ownership less than
         dibawah 5% untuk setiap pihak)           144,670,934                        0.39                  542,516                             5% each)
    Total saham Seri B                            578,683,733                        1.55                2,170,064                         Total Class B shares


    Saham Seri C                                                                                                                                   Class C shares
      Negara Republik Indonesia                21,944,374,950                       58.90                4,114,570                      Republic of Indonesia
      Perseroan terbatas                                                                                                            Limited liability company
          (kepemilikan masing-masing                                                                                                        (ownership less
          dibawah 5% untuk setiap pihak)         1,668,794,017                       4.48                  312,899                           than 5% each)
      Badan usaha asing                                                                                                            Foreign investment entities
          (kepemilikan masing-masing                                                                                                  (ownership less than
          dibawah 5% untuk setiap pihak)       10,119,917,947                       27.16                1,897,485                                 5% each)
      Putrama Wahju Setyawan (Direktur)             1,686,386                        0.00                      316       Putrama Wahju Setyawan (Director)
      Sis Apik Wijayanto (Direktur)                 1,579,946                        0.00                      296               Sis Apik Wijayanto (Director)
      Adi Sulistyowati (Direktur)                     905,706                        0.00                      170                  Adi Sulistyowati (Director)
      Ronny Venir (Direktur)                        1,559,656                        0.00                      292                     Ronny Venir (Director)
      Corina Leyla Karnalies (Direktur)             1,442,034                        0.00                      270           Corina Leyla Karnalies (Director)
      Royke Tumilaar (Direktur)                     1,115,346                        0.00                      209                 Royke Tumilaar (Director)
      Muhammad Iqbal (Direktur)                       948,044                        0.00                      178                Muhammad Iqbal (Director)
      Novita Widya Anggraini (Direktur)               948,044                        0.00                      178          Novita Widya Anggraini (Director)
      Silvano Winston Rumantir (Direktur)             948,044                        0.00                      178       Silvano Winston Rumantir (Director)
      David Pirzada (Direktur)                        880,044                        0.00                      165                    David Pirzada (Director)
      Askolani (Komisaris)                            809,086                        0.00                      152                   Askolani (Commissioner)
      Susyanto (Komisaris)                            634,594                        0.00                      119                  Susyanto (Commissioner)
      Mucharom (Direktur)                             348,008                        0.00                       65                       Mucharom (Director)
      Toto Prasetyo (Direktur)                         89,856                        0.00                       17                    Toto Prasetyo (Director)
      Fadlansyah Lubis (Komisaris)                     43,484                        0.00                        8         Fadlansyah Lubis (Commissioner)
      Robertus Billitea (Komisaris)                    42,400                        0.00                        8           Robertus Billitea(Commissioner)
      Masyarakat
          (kepemilikan masing-masing                                                                                             Public (ownership less than
          dibawah 5% untuk setiap pihak)         2,931,046,990                       7.87                  549,571                             5% each)

    Total saham Seri C                         36,678,114,582                       98.45                6,877,146                         Total Class C shares


    Total                                      37,256,798,316                      100.00                9,047,210                                         Total

    Saham treasuri                                 40,514,600                                                 7,596                            Treasury shares




                                                                   Halaman - 192 - Page
                                                                                                  Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk     1317
Page 731
       Performa                       Laporan                    Profil
                                                    PT BANK NEGARA                   Analisa dan Pembahasan
                                                                         INDONESIA (PERSERO)        Tbk                                      Fungsi
         2023                        Manajemen                Perusahaan           Manajemen atas Kinerja Bank                           Penunjang Bisnis
                                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                  NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                       31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)

       33. MODAL SAHAM DAN TAMBAHAN MODAL                                                   33. SHARE CAPITAL AND ADDITIONAL PAID-IN
           DISETOR (lanjutan)                                                                   CAPITAL (continued)

            Modal saham (lanjutan)                                                                   Share Capital (continued)

                                                                                    2022
                                                     Jumlah lembar
                                                         saham
                                                    ditempatkan dan
                                                     disetor penuh/              Persentase
                                                       Number of              kepemilikan (%)/
                                                     shares issued               Percentage                 Jumlah/
                    Pemegang saham                    and fully paid          of ownership (%)              Amount                   Shareholders
            Saham Seri A Dwiwarna                                                                                                         Class A Dwiwarna share
              Negara Republik Indonesia                                1                         -                      -                 Republic of Indonesia


            Saham Seri B                                                                                                                           Class B shares
              Negara Republik Indonesia                   217,006,399                        1.16               1,627,548                 Republic of Indonesia
              Masyarakat
                 (kepemilikan masing-masing                                                                                         Public (ownership less than
                 dibawah 5% untuk setiap pihak)            72,335,467                        0.39                 542,516                         5% each)
            Total saham Seri B                            289,341,866                        1.55               2,170,064                     Total Class B shares


            Saham Seri C                                                                                                                              Class C shares
              Negara Republik Indonesia                10,972,187,475                       58.84               4,114,570                  Republic of Indonesia
              Perseroan terbatas                                                                                                       Limited liability company
                  (kepemilikan masing-masing                                                                                                  (ownership less
                  dibawah 5% untuk setiap pihak)         1,200,494,180                       6.44                 450,185                      than 5% each)
              Badan usaha asing                                                                                                      Foreign investment entities
                  (kepemilikan masing-masing                                                                                             (ownership less than
                  dibawah 5% untuk setiap pihak)         4,607,036,617                      24.71               1,727,639                             5% each)
              Adi Sulistyowati (Direktur)                      641,532                       0.00                     241              Adi Sulistyowati (Director)
              Royke Tumilaar (Direktur)                        399,539                       0.00                     150             Royke Tumilaar (Director)
              Susyanto (Komisaris)                             252,817                       0.00                      95              Susyanto (Commissioner)
              Ronny Venir (Direktur)                           645,413                       0.00                     242                 Ronny Venir (Director)
              Sis Apik Wijayanto (Direktur)                    655,558                       0.00                     246           Sis Apik Wijayanto (Director)
              Putrama Wahju Setyawan (Direktur)                798,265                       0.00                     299   Putrama Wahju Setyawan (Direktur)
              Corina Leyla Karnalies (Direktur)                565,602                       0.00                     212       Corina Leyla Karnalies (Director)
              David Pirzada (Direktur)                         305,607                       0.00                     115                David Pirzada (Director)
              Silvano Winston Rumantir (Direktur)              339,607                       0.00                     127   Silvano Winston Rumantir (Director)
              Mucharom (Direktur)                              129,076                       0.00                      48                   Mucharom (Director)
              Muhammad Iqbal (Direktur)                        339,607                       0.00                     127            Muhammad Iqbal (Director)
              Novita Widya Anggraini (Direktur)                339,607                       0.00                     127      Novita Widya Anggraini (Director)
              Askolani (Komisaris)                             340,063                       0.00                     128               Askolani (Commissioner)
              Masyarakat
                  (kepemilikan masing-masing                                                                                        Public (ownership less than
                  dibawah 5% untuk setiap pihak)         1,573,844,026                       8.44                 590,192                         5% each)

            Total saham Seri C                          18,359,314,591                      98.45               6,884,743                     Total Class C shares


            Total                                      18,648,656,458                      100.00               9,054,807                                     Total


            Saham Seri A Dwiwarna adalah saham yang                                                  The Class A Dwiwarna share is a share that gives
            memberikan         hak-hak     preferen    kepada                                        the holder preferred rights to approve the
            pemegangnya untuk menyetujui pengangkatan dan                                            appointment and dismissal of Commissioners and
            pemberhentian Komisaris dan Direksi, perubahan                                           Directors, amend the Articles of Association,
            Anggaran Dasar, menyetujui pembubaran dan                                                approve the dissolution and liquidation, merger,
            likuidasi, penggabungan, dan pengambil alihan BNI                                        and takeover of BNI and all other rights of Class B
            dan semua hak-hak lainnya yang dimiliki saham                                            and Class C shares. The Class A Dwiwarna share
            Seri B dan saham Seri C. Saham Seri A Dwiwarna                                           may not be transferred to other parties.
            tidak dapat dialihkan kepada pihak lain.

            Saham Seri B dan Saham Seri C adalah saham                                               Class B and Class C shares are ordinary shares
            biasa atas nama yang memiliki hak yang sama.                                             that have the same rights.

            Pada tanggal 13 Agustus 2007, Pemerintah                                                 On 13 August 2007, the Government of the
            Republik Indonesia, melakukan divestasi sebesar                                          Republic of Indonesia divested 3,475,231,980
            3.475.231.980 saham Seri C, mewakili 22,54% dari                                         Class C shares, representing 22.54% of
            kepemilikan di BNI melalui Penawaran Umum                                                shareholding in BNI through a Second Initial Public
            Saham Kedua.                                                                             Offering (IPO).




                                                                           Halaman - 193 - Page
1318   Menduniakan Bisnis Indonesia
Page 732
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

33. MODAL SAHAM DAN TAMBAHAN MODAL                               33. SHARE CAPITAL AND ADDITIONAL PAID-IN
    DISETOR (lanjutan)                                               CAPITAL (continued)

    Modal saham (lanjutan)                                           Share capital (continued)

    Sesuai Keterbukaan Informasi dalam upaya                         In accordance with the Disclosure of Information in
    stabilisasi harga pasar saham di tengah kondisi                  relation to the stabilization of stock market price
    perekonomian regional dan global yang mengalami                  amidst stressful and slowing regional and global
    tekanan dan perlambatan, Bank telah melakukan                    economy, the Bank repurchased shares issued by
    Pembelian Kembali Saham Perseroan yang telah                     the Bank listed in the Indonesia Stock Exchange
    dikeluarkan dan tercatat di Bursa Efek Indonesia                 ("IDX"). This program is consistent with Regulation
    (“BEI”). Program ini mengacu pada Peraturan OJK                  of     Financial   Services     Authority    ("FSA")
    No. 2/POJK.04/2013 tanggal 26 Agustus 2013                       No. 2/POJK.04/2013 dated 26 August 2013 on the
    tentang Pembelian Kembali Saham yang                             Repurchase of Shares Issued by the Issuers or
    Dikeluarkan oleh Emiten atau Perusahaan Publik                   Public Companies in Significant Fluctuating Market
    dalam Kondisi Pasar yang Berfluktuasi Secara                     Conditions ("POJK No. 2/POJK.04/2013") and FSA
    Signifikan (“POJK No. 2/POJK.04/2013”) dan Surat                 Circular Letter No. 3/SEOJK.04/2020 dated 9
    Edaran OJK No. 3/SEOJK.04/2020 tanggal 9 Maret                   March 2020 on Other Conditions As Significant
    2020 tentang Kondisi Lain sebagai Kondisi Pasar                  Fluctuating      Market     Conditions    in     the
    yang Berfluktuasi Secara Signifikan dalam                        Implementation of Shares Buyback Issued by
    Pelaksanaan Pembelian Kembali Saham yang                         Issuers or Public Companies.
    Dikeluarkan oleh Emiten atau Perusahaan Publik.

    Pembelian kembali saham Bank telah dilaksanakan                  The repurchase of shares was executed on
    pada tanggal 22 Juli 2021 sampai dengan                          22 July 2021 to 21 October 2021, consistent with
    21 Oktober 2021, sesuai dengan tanggal                           the date of Disclosure of Information. The Bank
    Keterbukaan    Informasi.   Bank      melakukan                  repurchased 246,826 lots of Class C Shares, or
    pembelian kembali Saham Seri C sejumlah                          24,682,600 shares with an average acquisition cost
    246.826 lot atau sebanyak 24.682.600 lembar                      amounting to Rp5,186.90 (full amount) per share.
    saham dengan rata-rata biaya perolehan rata-rata
    sebesar Rp5.186,90 (nilai penuh) per lembar
    saham.

    Pada tahun 2022, Bank melakukan alokasi saham                     In 2022, the Bank has allocated the treasury
    treasuri senilai Rp207.475 sebagai Program                       shares amounting Rp207,475 as Share Ownership
    Kepemilikan Saham bagi Manajemen dan Pegawai                     Program for Management and Bank’s Employees in
    Bank dalam bentuk Saham Bonus (lihat Catatan                     the form of Share Bonus (refer to Note 44).
    44).
    Pembelian kembali saham Bank telah dilaksanakan                  The repurchase of shares was executed on
    pada tanggal 12 Juli 2023 sampai dengan                          12 July 2023 to 1 August 2023. The Bank
    1 Agustus 2023. Bank melakukan pembelian                         repurchased 202,573 lots, or 20,257,300 shares
    kembali Saham sejumlah 202.573 lot atau                          with an average acquisition cost amounting to
    sebanyak 20.257.300 lembar saham dengan rata-                    Rp8,883.71 (full amount) per share.
    rata biaya perolehan rata-rata sebesar Rp8.883,71
    (nilai penuh) per lembar saham.




                                                    Halaman - 194 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1319
Page 733
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       33. MODAL SAHAM DAN TAMBAHAN MODAL                                  33. SHARE CAPITAL AND ADDITIONAL PAID-IN
           DISETOR (lanjutan)                                                  CAPITAL (continued)

            Pemecahan nilai nominal saham BNI                                   Stock split of BNI

            Berdasarkan     keputusan      RUPSLB      tanggal                  Based on the decision of the Extraordinary General
            19 September 2023 yang dituangkan dalam Akta                        Meeting of Shareholders (RUPSLB) dated
            No. 18, tanggal 19 September 2023, yang dibuat                      19 September 2023, as stated in Deed No. 18
            dihadapan Ashoya Ratam SH, M.kn, pemegang                           dated 19 September 2023, as recorded in the
            saham BNI antara lain menyetujui pemecahan nilai                    Notarial Deed of Ashoya Ratam, SH, M.Kn., the
            nominal saham (stock split) Bank dengan rasio 1:2                   shareholders of BNI, among others, approved the
            yang berlaku efektif pada tanggal 10 Oktober 2023.                  nominal value split (stock split) of the bank with a
            Sehingga:                                                           ratio of 1:2, effective from 10 October 2023.
                                                                                Therefore:

            a.    Nilai nominal per Saham Seri A Dwiwarna                       a.     The nominal value per Series A Dwiwarna
                  dan Seri B dari sebesar Rp7.500 (nilai                               and Series B shares, originally Rp7,500 (full
                  penuh) menjadi Rp3.750 (nilai penuh)                                 amount), split to Rp3,750 (full amount), with
                  dengan ketentuan:                                                    the following conditions:
                  i. 1 (satu) saham Seri A Dwiwarna tetap                               i.     1 (one) Series A Dwiwarna share is
                       dipertahankan sebagai saham Seri A                                      retained as a full-nominal value Series
                       Dwiwarna     milik   Negara    Republik                                 A Dwiwarna share owned by the
                       Indonesia dengan nilai nominal sebesar                                  Republic of Indonesia with a nominal
                       Rp3.750 (nilai penuh); dan                                              value of Rp3,750 (full amount);and
                  ii. 1 (satu) saham Seri A Dwiwarna                                   ii.     1 (one) Series A Dwiwarna share is
                       menjadi 1 (satu) saham saham Seri B                                     converted into 1 (one) Series B share
                       milik Negara Republik Indonesia dengan                                  owned by the Republic of Indonesia
                       nilai nominal sebesar Rp3.750 (nilai                                    with a nominal value of Rp3,750 (full
                       penuh).                                                                 amount).
            b.    Nilai nominal per Saham Seri C dari                           b.     The nominal value per Series C share is
                  Rp375 (nilai penuh) menjadi Rp187,5 (nilai                           split from Rp375 (full amount) to Rp187.5
                  penuh).                                                              (full amount).

            Modal ditempatkan setelah pemecahan nilai                           The issued capital after the nominal value split
            nominal saham (stock split) berubah menjadi                         (stock split) changed as follows:
            sebagai berikut:
            a.   Saham Seri A Dwiwarna - 1 lembar saham                         a. Series A Dwiwarna shares - 1 share
            b.   Saham Seri B - 578.683.733 lembar saham                        b. Series B shares - 578,683,733 shares
            c.   Saham Seri C - 36.678.114.582 lembar                           c. Series C shares - 36,678,114,582 shares.
                 saham




                                                           Halaman - 195 - Page
1320   Menduniakan Bisnis Indonesia
Page 734
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                                Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                               Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

33. MODAL SAHAM DAN TAMBAHAN MODAL                                   33. SHARE CAPITAL AND ADDITIONAL PAID-IN
    DISETOR (lanjutan)                                                   CAPITAL (continued)
    Tambahan modal disetor                                                Additional paid in capital
    Perubahan tambahan          modal    disetor    adalah                The movements in additional paid in capital are as
    sebagai berikut:                                                      follows:
    Saldo pada tanggal 1 Januari 2010                              591,156                                 Balance as of 1 January 2010

    Tambahan modal disetor akibat Penawaran
      Umum Saham Terbatas I pada tahun                                                      Additional paid in capital due to Right Issue I
      2000 (lihat Catatan 1c)                                56,883,826                                     in 2000 (refer to Note 1c)
                                                             57,474,982
    Pengurangan tambahan modal disetor akibat                                      Reduction of paid in capital due to refund of excess
      pengembalian dana rekapitalisasi kepada                                           recapitalization funds to the Government
      pemerintah Indonesia (lihat Catatan 1d)                      (581,474)                        of Indonesia (refer to Note 1d)
                                                             56,893,508
    Dieliminasi dengan akumulasi kerugian dalam                                     Elimination against accumulated losses in relation
      rangka kuasi-reorganisasi per tanggal                                        to the quasi-reorganization as of 30 June 2003
      30 Juni 2003 (lihat Catatan 1e)                        (54,367,847)                                        (refer to Note 1e)
                                                                  2,525,661
    Tambahan modal disetor akibat Penawaran
       Umum Saham Terbatas II pada tahun                                                   Additional paid in capital due to Right Issue II
       2007 (lihat Catatan 1f)                                    3,287,218                                  in 2007 (refer to Note 1f)
    Biaya emisi penerbitan saham                                   (195,280)                                        Shares issuance cost
                                                                  5,617,599
    Tambahan modal disetor akibat Penawaran
      Umum Saham Terbatas III pada tahun                                                   Additional paid in capital due to Right Issue III
      2010 (lihat Catatan 1g)                                     9,196,100                                  in 2010 (refer to Note 1g)

    Biaya emisi penerbitan saham                                   (245,231)                                         Shares issuance cost
                                                             14,568,468
    Tambahan modal disetor akibat penyertaan                                                   Additional paid in capital due to equity
      saham pada PT Bank Syariah Indonesia                                          investment at PT Bank Syariah Indonesia Tbk
      Tbk pada tahun 2021                                         2,441,786                                                in 2021
                                                             17,010,254


34. PENGGUNAAN LABA BERSIH                                           34. APPROPRIATION OF NET INCOME

    Berdasarkan keputusan Rapat Umum Pemegang                             In accordance with the resolutions of the Annual
    Saham Tahunan tanggal 15 Maret 2023 dan                               General   Shareholders’   Meetings held      on
    15 Maret 2022, pengalokasian laba bersih masing-                      15 March 2023 and 15 March 2022, the allocation
    masing untuk tahun yang berakhir pada tanggal-                        of the net income for the years ended
    tanggal 31 Desember 2022 dan 2021 adalah                              31 December 2022 and 2021, respectively,are as
    sebagai berikut:                                                      follows:
                                                     2022                 2021
    Pembagian dividen                                 7,324,821                2,724,629                          Distribution of dividends
    Saldo laba                                       10,987,233                8,173,889                                Retained earnings

                                                     18,312,054               10,898,518


    Rapat Umum Pemegang Saham telah menyetujui                            General Shareholders’ meeting has approved the
    pembagian dividen dari laba bersih tahun 2022 dan                     dividend  distribution of Rp7,324,821     and
    2021, sebesar Rp7.324.821           pada tanggal                      Rp2,724,629 from the 2022 net income on
    15 Maret 2023 dan Rp2.724.629 pada tanggal                            15 March 2023 and 2021 net income on 15 March
    15 Maret 2022.                                                        2022.




                                                    Halaman - 196 - Page
                                                                                  Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1321
Page 735
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       35. CADANGAN UMUM DAN WAJIB                                         35. GENERAL AND LEGAL RESERVES

            Cadangan umum dan wajib pada awalnya dibentuk                       The general and legal reserves were originally
            dalam rangka memenuhi ketentuan Pasal 61                            provided in accordance with Indonesian Limited
            ayat (1) Undang-undang No. 1/1995 mengenai                          Liability Company Law No. 1/1995 article 61
            Perseroan Terbatas (kemudian diganti dengan                         paragraph (1) (later superseded by Limited Liability
            Undang-undang Perseroan Terbatas No. 40/2007                        Company Law No. 40/2007 article 70), which
            pasal 70), yang mengharuskan perusahaan                             requires Indonesian companies to set up a general
            Indonesia untuk membuat penyisihan cadangan                         and legal reserve amounting to at least 20% of the
            umum dan wajib sebesar sekurang-kurangnya 20%                       issued and paid-up share capital. This particular
            dari jumlah modal yang ditempatkan dan disetor                      law does not regulate the period of time in relation
            penuh. Undang-undang tersebut tidak mengatur                        to the provision of such reserves.
            jangka waktu untuk pembentukan penyisihan
            tersebut.


       36. CADANGAN KHUSUS                                                 36. SPECIFIC RESERVES

            Cadangan khusus terdiri dari cadangan yang                          Specific reserves consist of reserve for investment
            dibentuk dalam rangka tujuan investasi dan legal                    purposes and legal reserve from overseas
            reserve dari cabang luar negeri.                                    branches.

            Sehubungan dengan adanya penerapan Peraturan                        In relation with implementation of Regulation of the
            Otoritas       Jasa      Keuangan         (POJK)                    Financial Services Regulatory Authority (POJK)
            No. 34/POJK.03/2016 tanggal 22 September 2016                       No. 34/POJK.03/2016 dated 22 September 2016
            tentang        Perubahan        atas        POJK                    on Amendments to POJK No. 11/POJK.03/2016
            No.     11/POJK.03/2016    tentang    "Kewajiban                    concerning "Minimum Capital Requirement for
            Penyediaan Modal Minimum" yang mulai berlaku                        Commercial Bank" which came into force on
            pada tanggal 26 September 2016 ("tanggal                            26 September 2016 ("date of enactment"), to
            diberlakukannya"),   untuk    menjaga     struktur                  maintain its capital structure, the Bank has
            permodalannya, Bank telah melakukan reklasifikasi                   reclassified retained earnings that has been
            atas saldo laba yang sudah ditentukan                               appropriated (specific reserve) amounting to
            penggunaannya (cadangan khusus) sebesar                             Rp5,613,100 and reserve of overseas branch
            Rp5.613.100 dan cadangan cabang luar negeri                         amounting to Rp92,276 as of 31 December 2016
            sebesar Rp92.276 per 31 Desember 2016, menjadi                      into the unappropriated retained earnings.
            laba     ditahan    yang     tidak     ditentukan
            penggunaannya.

            Reklasifikasi atas saldo laba tersebut telah                        The reclassification of retained earnings has been
            mendapatkan persetujuan melalui berita acara                        approved through Annual General Shareholders
            Rapat Umum Pemegang Saham Tahunan No. 42                            Meeting No. 42 dated 16 March 2017.
            tanggal 16 Maret 2017.


       37. PENDAPATAN BUNGA                                                37. INTEREST INCOME

                                                          2023                   2022

            Pinjaman yang diberikan                         50,752,741             46,101,583                                      Loans
            Obligasi Pemerintah                              6,343,115              5,375,934                         Government Bonds
            Penempatan pada bank lain dan                                                               Placements with other banks and
              Bank Indonesia                                 2,780,518              1,537,454                          Bank Indonesia
            Wesel ekspor dan tagihan lainnya                 1,090,839                577,344                 Bills and other receivables
            Efek-efek                                          352,453                700,515                       Marketable securities
            Lain-lain                                          152,030                365,851                                     Others
                                                            61,471,696             54,658,681


            Pada tanggal 31 Desember 2023 dan 2022,                             As of 31 December 2023 and 2022, include in
            termasuk dalam pendapatan bunga di atas adalah                      interest income is income from related parties
            pendapatan dari pihak berelasi terkait transaksi                    related to Government Bonds and SPN
            Obligasi Pemerintah dan SPN masing-masing                           transactions amounting to Rp6,308,862 and
            sebesar Rp6.308.862 dan Rp5.185.918.                                Rp5,185,918 respectively.




                                                           Halaman - 197 - Page
1322   Menduniakan Bisnis Indonesia
Page 736
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                                  Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                                 Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

38. BEBAN BUNGA                                                        38. INTEREST EXPENSE

                                                     2023                    2022
                                                                                                              Deposits from customers and
    Simpanan nasabah dan bank lain                    16,457,684               10,725,609                                    other banks
    Pinjaman yang diterima                             2,712,942                1,278,993                                       Borrowings
    Efek-efek yang diterbitkan                         1,014,327                  978,930                                 Securities issued
    Lain-lain                                             11,070                  354,457                                            Others
                                                      20,196,023               13,337,989



39. BEBAN GAJI DAN TUNJANGAN                                           39. SALARIES            AND         EMPLOYEES’             BENEFITS
                                                                           EXPENSE

                                                     2023                    2022
    Gaji, upah dan tunjangan pajak                     6,211,889                5,471,375               Salaries, wages and tax allowance
    Tunjangan hari raya, kesehatan,                                                                             Yearly allowance, medical,
      kesejahteraan dan lainnya                        3,572,066                2,971,277                             welfare and others
    Bonus, insentif dan tantiem                        1,924,715                2,853,363                   Bonus, incentives and tantiem
    Pendidikan dan pelatihan                             410,181                  285,280                        Training and development
    Lainnya                                              714,918                  874,727                                           Others
                                                      12,833,769               12,456,022


    Jumlah gaji dan tunjangan, bonus/tantiem, imbalan                      Total    gross     salaries   and    allowances,
    kerja jangka panjang yang dibayarkan kepada                            bonus/tantiem, long-term employment benefits paid
    Dewan Komisaris, Direksi, Komite Audit serta                           to the Boards of Commissioners and Directors,
    Senior Executive Vice President (SEVP), Executive                      Audit Committee and Senior Executive Vice
    Vice President (EVP) dan Senior Vice President                         President (SEVP), Executive Vice President (EVP)
    (SVP) masing-masing untuk periode yang berakhir                        and Senior Vice President (SVP) for the period
    pada tanggal-tanggal 31 Desember 2023 dan 2022                         ended 31 December 2023 and 2022 are as follows:
    adalah sebagai berikut:
                                                                2023
                                                                          Imbalan
                                                                        kerja jangka
                                        Gaji dan                          panjang/
                                       tunjangan/                        Long-term
                                      Salaries and    Bonus/tantiem/    employment            Jumlah/
                                      allowances      Bonus/tantiem       benefits             Total

     Dewan Komisaris                        29,412           90,700            4,259             124,371               Board of Commissioners
     Direksi                                70,593          224,301           10,794             305,688                     Board of Directors
     Komite Audit                            1,430                -                -               1,430                      Audit Committee
     SEVP, EVP dan SVP                     241,192           48,550                -             289,742                  SEVP, EVP and SVP

                                           342,627          363,551           15,053             721,231




                                                     Halaman - 198 - Page
                                                                                    Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1323
Page 737
       Performa                   Laporan                 Profil
                                             PT BANK NEGARA                   Analisa dan Pembahasan
                                                                  INDONESIA (PERSERO)        Tbk                               Fungsi
         2023                    Manajemen             Perusahaan           Manajemen atas Kinerja Bank                    Penunjang Bisnis
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

       39. BEBAN GAJI DAN TUNJANGAN (lanjutan)                                   39. SALARIES AND EMPLOYEES’                         BENEFITS
                                                                                     EXPENSE (continued)
                                                                          2022
                                                                                    Imbalan
                                                                                  kerja jangka
                                                Gaji dan                            panjang/
                                               tunjangan/                          Long-term
                                              Salaries and      Bonus/tantiem/    employment          Jumlah/
                                              allowances        Bonus/tantiem       benefits           Total

             Dewan Komisaris                         25,475            77,481             3,570         106,526           Board of Commissioners
             Direksi                                 65,193           195,819             8,414         269,426                 Board of Directors
             Komite Audit                             1,370                 -                 -           1,370                  Audit Committee
             SEVP, EVP dan SVP                      182,432            47,598                 -         230,030              SEVP, EVP and SVP

                                                    274,470          320,898            11,984          607,352


            Sesuai dengan kebijakan Bank, selain gaji,                               Under the Bank’s policy, in addition to salaries,
            pegawai juga mendapatkan fasilitas dan tunjangan                         employees are entitled to allowances and benefits,
            berupa Tunjangan Hari Raya (THR), fasilitas                              such as yearly allowance (THR), medical
            kesehatan, sumbangan kematian, tunjangan cuti,                           reimbursements,      death     allowance,    leave
            fasilitas jabatan untuk jabatan tertentu, program                        allowance, functional allowance for certain levels,
            pensiun untuk pegawai tetap, insentif sesuai                             pension plan for permanent employees, incentives
            dengan kinerja Bank dan pegawai, dan manfaat                             based on the Bank and employees’ performance,
            untuk pegawai yang berhenti bekerja sesuai                               and post-employment benefits in accordance with
            dengan Undang-Undang Ketenagakerjaan yang                                prevailing Labor Law.
            berlaku.


       40. BEBAN UMUM DAN ADMINISTRASI                                           40. GENERAL AND ADMINISTRATIVE EXPENSES

                                                              2023                     2022

            Penyusutan (Catatan 19)                              2,304,524                2,250,499                      Depreciation (Note 19)
            Beban tenaga alih daya                               1,685,406                1,691,617                       Outsourcing expenses
            Komunikasi                                           1,506,764                1,423,098                            Communications
            Biaya sewa                                             801,699                  805,738                            Rental expenses
            Perlengkapan kantor                                    798,920                  713,050                              Office supplies
            Perbaikan dan pemeliharaan                             682,779                  656,062                   Repairs and maintenance
            Transportasi                                           386,900                  296,351                               Transportation
            Listrik dan air                                        313,179                  314,115                         Electricity and water
            Jasa profesional                                       263,534                  295,100                        Professional services
            Penelitian dan pengembangan                            124,085                   68,175                  Research and development
            Teknologi informasi                                     29,318                   20,741                      Information technology
            Beban lain-lain                                        296,091                  257,410                             Other expenses

                                                                 9,193,199                8,791,956



       41. IMBALAN KERJA                                                         41. EMPLOYEE BENEFITS

                                                              2023                     2022

            Imbalan kerja jangka pendek                          2,524,538                3,157,084                Short-term employee benefits

            Imbalan pasca kerja jangka panjang                                                                      Long-term employee benefits
              Program pensiun manfaat pasti                      1,852,727                1,398,025               Defined benefit pension plan
              Imbalan pasca kerja                                                                                    Post employment benefits
                lainnya dan imbalan                                                                             and other long-term employee
                kerja jangka panjang lainnya                     2,628,569                2,324,859                                  benefits
                                                                 4,481,296                3,722,884
                                                                7,005,834                 6,879,968




                                                              Halaman - 199 - Page
1324   Menduniakan Bisnis Indonesia
Page 738
     Permodalan & Praktik          Tata Kelola     Tanggung Jawab
                                         PT BANK NEGARA           Sosial
                                                             INDONESIA       Komitmen Tbk
                                                                         (PERSERO)                              Laporan
      Manajemen Risiko             Perusahaan         dan Lingkungan           ESG                             Keuangan
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

41. IMBALAN KERJA (lanjutan)                                            41. EMPLOYEE BENEFITS (continued)

    Program dana pensiun Bank ini dikelola oleh Dana                        The pension plan of the Bank is managed by Dana
    Pensiun PT Bank Negara Indonesia (Persero) Tbk                          Pensiun PT Bank Negara Indonesia (Persero) Tbk
    (“Dana Pensiun”). Kontribusi pegawai adalah                             (“Dana Pensiun”). The employees’ contributions
    sebesar 7,5% dari penghasilan dasar pensiun                             are 7.5% of the employee’s pension salary-based
    karyawan dan sisa jumlah yang diperlukan untuk                          and the remaining amounts required to fund the
    mendanai program tersebut ditanggung oleh BNI.                          program/pension plan are contributed by BNI.

    Program pensiun manfaat pasti                                           Defined benefit pension plan

    Penilaian aktuaria atas manfaat pensiun pada                            The actuarial calculations of pension benefits for
    tahun        yang        berakhir       tanggal                         year ended 31 December 2023 and 2022 are
    31 Desember 2023 dan 2022, dilakukan oleh                               prepared by a registered independent actuarial
    perusahaan     konsultan    aktuaria   terdaftar                        consulting firm, PT Towers Watson Purbajaga
    independen, PT Towers Watson Purbajaga dengan                           using the “Projected Unit Credit” method.
    menggunakan metode “Projected Unit Credit”.

    Rekonsiliasi status pembiayaan atas program                             A reconciliation of the funding status of the pension
    pensiun berdasarkan laporan aktuaria tanggal                            plan based on the actuarial reports dated
    2 Januari 2024 dan 17 Januari 2023 disajikan                            2 January 2024 and dated 17 January 2023 are as
    sebagai berikut:                                                        follows:

                                                      2023                   2022
    Nilai wajar aset dana pensiun                       7,022,652               6,908,086                 Fair value of pension plan assets
    Nilai kini liabilitas manfaat pasti yang                                                               Present value of funded defined
       didanai                                          (8,875,379)            (8,306,111)                              benefit obligation

    Selisih kurang pendanaan                            (1,852,727)            (1,398,025)                                     Funding deficit


    Mutasi nilai kini liabilitas manfaat pasti yang didanai                 The movements in the present value of funded
    selama tahun berjalan adalah sebagai berikut:                           defined benefit obligations for the year are as
                                                                            follows:

                                                      2023                   2022

    Pada awal periode                                   8,306,111              8,370,091                          At beginning of the period
    Biaya jasa kini                                       250,969                305,380                               Current service cost
    Biaya bunga                                           463,119                475,518                                       Interest cost
                                                        9,020,199              9,150,989

    Pengukuran kembali:                                                                                                    Remeasurements:
      Keuntungan aktuarial
        yang timbul dari perubahan                                                                         Actuarial gains from changes
        asumsi keuangan                                      589,020            (191,022)                     in financial assumption
      Keuntungan aktuarial yang
        timbul karena penyesuaian                                                                                    Actuarial gains from
        atas demografik                                  (162,935)                       -                       changes in demographic
      Keuntungan aktuarial yang
        timbul karena penyesuaian                                                                                   Actuarial gains from
        atas pengalaman                                      (26,705)           (134,881)                       changes in experience
                                                             399,380            (325,903)
    Pembayaran dari program:                                                                                         Payments from plan:
      Iuran peserta                                        24,743                 25,286                        Employees’ contributions
      Imbalan yang dibayar                               (568,943)              (544,261)                                  Benefits paid
                                                         (544,200)               (518,975)
                                                        8,875,379              8,306,111




                                                       Halaman - 200 - Page
                                                                                    Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1325
Page 739
       Performa                    Laporan                 Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                             Fungsi
         2023                     Manajemen             Perusahaan           Manajemen atas Kinerja Bank                  Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

       41. IMBALAN KERJA (lanjutan)                                            41. EMPLOYEE BENEFITS (continued)

            Program pensiun manfaat pasti (lanjutan)                               Defined benefit pension plan (continued)

            Rekonsiliasi atas perubahan aset bersih selama                         The reconciliation of the movements of the net
            tahun yang berakhir 31 Desember 2023 dan                               assets during the years ended 31 December 2023
            2022 yang diakui di laporan posisi keuangan dana                       and 2022 recognized in the pension fund’s
            pensiun adalah sebagai berikut:                                        statement of financial position is as follows:

                                                             2023                   2022

            Kewajiban bersih pada awal periode                  1,398,025             1,583,467            Net liabilities at beginning of period
            Beban tahun berjalan                                  250,969               305,380                           Current year expenses
            Kontribusi pemberi kerja                             (198,454)             (125,065)                        Employer’s contributions
            Jumlah yang diakui pada penghasilan                                                             Total amount recognized in other
              komprehensif lain                                     402,187             (365,757)                     comprehensive income
                                                                1,852,727             1,398,025


            Mutasi nilai wajar aset program untuk tahun yang                       The movements in the fair value of plan assets for
            berakhir adalah sebagai berikut:                                       the years ended are as follows:
                                                             2023                   2022
            Pada awal periode                                   6,908,086              6,786,624                    At beginning of the period
            Hasil dari aset program                               463,119                475,518                        Return on plan assets
            (Kerugian)/keuntungan aktuarial                        (2,807)                39,854                         Actuarial (loss)/gains
            Kontribusi pemberi kerja                              198,454                125,065                     Employer’s contributions
            Kontribusi pekerja                                     24,743                 25,286                     Employees’ contributions
            Imbalan yang dibayar dan                                                                          Benefits paid and administrative
              beban administrasi                                  (568,943)             (544,261)                            expenses paid
                                                                7,022,652             6,908,086


            Biaya imbalan pensiun yang dibebankan pada                             Pension expenses recognized in profit or loss, are
            laporan laba rugi adalah sebagai berikut:                              as follows:
                                                             2023                   2022
            Biaya jasa kini                                         170,009             170,642                            Current service cost
            Biaya jasa lalu                                         (43,152)             36,988                              Past service cost
            Bunga bersih                                            124,112              97,750                                    Net interest
            Biaya yang dibebankan                                                                                     Expense recognized in
              pada laporan laba rugi                                250,969             305,380                             profit or loss

            Biaya yang dilaporkan pada                                                                                Expense recognized in
              laba rugi                                             250,969             305,380                              profit or loss
            Pengukuran kembali yang diakui                                                                 Remeasurement effect recognized
              pada penghasilan komprehensif lain                    402,187            (365,757)           in other comprehensive income
            Biaya imbalan pasti                                     653,156                (60,377)                      Defined benefit cost


            Asumsi-asumsi utama yang digunakan dalam                               The key assumptions used in the above calculation
            perhitungan di atas adalah:                                            are:
                                                           2023                      2022
            Asumsi ekonomi:                                                                                          Economic assumptions:
            Tingkat diskonto                              6.75% - 8.75%              7.25% - 8.75%                                 Discount rate
            Tingkat kenaikan gaji                                 7.00%                      7.00%                     Rate of salary increases
            Pendapatan dari dana pensiun                                                                            Interest credited to defined
               iuran pasti                                         5.50%                      5.50%                         contribution fund
            Tingkat kenaikan manfaat pensiun                       3.00%                      3.00%                      Pension increase rate
                                                        per tahun/annually        per tahun/annually

            Manfaat lain                                        2,500,000                   2,500,000                             Other benefits




                                                             Halaman - 201 - Page
1326   Menduniakan Bisnis Indonesia
Page 740
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                            Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                           Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

41. IMBALAN KERJA (lanjutan)                                        41. EMPLOYEE BENEFITS (continued)
    Program pensiun manfaat pasti (lanjutan)                            Defined benefit pension plan (continued)

    Asumsi-asumsi utama yang digunakan dalam                            The key assumptions used in the above calculation
    perhitungan di atas adalah: (lanjutan)                              are: (continued)

                                                 2023                     2022


    Asumsi lainnya:                                                                                              Other assumptions:
    Usia pensiun normal                           55 tahun/years          55 tahun/years                        Normal retirement age
    Tingkat kematian                                   Modifikasi              Modifikasi                                Mortality rate
                                                  Tabel Mortalita         Tabel Mortalita
                                                 Indonesia 2019          Indonesia 2019
                                                      (TMI2019)/             (TMI 2019)/
                                              Adjusted Mortality      Adjusted Mortality
                                                 Table Indonesia         Table Indonesia
                                                 2019 (TMI2019)          2019 (TMI2019)
    Tingkat cacat                               10% dari tingkat/       10% dari tingkat/                                  Disability rate
                                                   kematian/10%            kematian/10%
                                              from mortality rate     from mortality rate
    Tingkat pengunduran diri                                                                                               Turnover rate
    Umur 20-29                                             4.2%                    4.2%                                       Age 20-29
    Umur 30-34                                             2.8%                    2.8%                                       Age 30-34
    Umur 35-39                                             3.0%                    3.0%                                       Age 35-39
    Umur 40-50                                             1.7%                    1.7%                                       Age 40-50
    Umur 51-52                                             1.3%                    1.3%                                       Age 51-52
    Umur >52                                                 0%                     0%                                         Age >52

    Sensitivitas dari kewajiban manfaat pasti terhadap                  The sensitivity of defined benefit obligation to
    perubahan asumsi aktuaria adalah sebagai berikut:                   changes in the weighted assumptions is as follows:

                                           Dampak terhadap kewajiban manfaat pasti/
                                             Impact on defined benefit obligation
                                                                       Nilai kini kewajiban
                                                                          manfaat pasti/
                                       Perubahan asumsi/                Present value of
                   2023               Change in assumption              benefit obligation                             2023

                                       Kenaikan/increase 1%                           (855,197)
    Tingkat diskonto                  Penurunan/decrease 1%                          1,028,803                            Discount rate
                                       Kenaikan/increase 1%                            176,505
    Tingkat kenaikan gaji             Penurunan/decrease 1%                           (165,617)                   Salary increase rate


                                           Dampak terhadap kewajiban manfaat pasti/
                                             Impact on defined benefit obligation
                                                                       Nilai kini kewajiban
                                                                          manfaat pasti/
                                       Perubahan asumsi/                Present value of
                   2022               Change in assumption              benefit obligation                             2022

                                       Kenaikan/increase 1%                           (773,833)
    Tingkat diskonto                  Penurunan/decrease 1%                            925,564                            Discount rate
                                       Kenaikan/increase 1%                            144,082
    Tingkat kenaikan gaji             Penurunan/decrease 1%                           (135,286)                   Salary increase rate




                                                    Halaman - 202 - Page
                                                                              Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1327
Page 741
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       41. IMBALAN KERJA (lanjutan)                                        41. EMPLOYEE BENEFITS (continued)

            Program pensiun manfaat pasti (lanjutan)                            Defined benefit pension plan (continued)

            Analisis sensitivitas didasarkan pada perubahan                     The sensitivity analysis is based on a change in an
            atas satu asumsi aktuarial dimana asumsi lainnya                    assumption while holding all other assumptions
            dianggap konstan. Dalam perhitungan sensitivitas                    constant. When calculating the sensitivity of the
            kewajiban imbalan pasti atas asumsi aktuarial                       defined benefit obligation to significant actuarial
            utama, metode yang sama (perhitungan nilai kini                     assumptions the same method (present value of
            kewajiban imbalan pasti dengan menggunakan                          the defined benefit obligation calculated with the
            metode projected unit credit di akhir periode) telah                projected unit credit method at the end of the
            diterapkan seperti dalam penghitungan kewajiban                     reporting period) has been applied as when
            pensiun yang diakui dalam laporan posisi                            calculating the pension liability recognized within
            keuangan konsolidasian.                                             the consolidated statement of financial position.

            Pada tanggal 31 Desember 2023 dan 2022, aset                        As of 31 December 2023 and 2022, plan assets
            program terdiri dari:                                               comprise the following:

                                                          2023                  2022
            Obligasi pemerintah                              2,042,937             1,890,122                        Government bonds
            Penempatan langsung                              1,677,546             1,663,537                        Direct participation
            Obligasi                                         1,477,500             1,597,539                                     Bonds
            Saham                                            1,027,890             1,037,753                                     Shares
            Properti                                           315,597               332,755                                   Property
            Deposito                                           278,222               262,929                            Time deposits
            Deposito on call                                    29,230                42,194                           On call deposits
            Reksa Dana                                          76,138                81,257                              Mutual funds
            Lain-lain                                           97,592                     -                                     Others

                                                             7,022,652             6,908,086


            Investasi telah terdiversifikasi dengan baik,                       Investments are well-diversified, such that the
            sehingga kinerja buruk satu investasi tidak akan                    failure of any single investment would not have a
            memberikan dampak material bagi seluruh                             material impact to the overall group of assets. The
            kelompok aset. Proporsi terbesar aset investasi                     largest proportion of assets are invested in debt
            ditempatkan pada instrumen utang. Diyakini bahwa                    instruments. Debt instruments are expected to
            instrumen utang memberikan imbal hasil yang                         contribute best yields in the long term at an
            paling baik dalam jangka panjang pada tingkatan                     acceptable risk level. For defined benefit program,
            risiko yang dapat diterima. Untuk program manfaat                   most of the debt instruments are Government of
            pasti sebagian besar instrumen surat utang                          Indonesia bonds and corporate bonds.
            merupakan portofolio obligasi Pemerintah Republik
            Indonesia dan obligasi korporasi di Indonesia.

            Hasil yang diharapkan dari aset program                             The expected return on plan assets is determined
            ditentukan dengan mempertimbangkan imbal hasil                      by considering the expected returns available on
            yang diharapkan atas aset yang mengacu pada                         the assets in accordance with the current
            kebijakan investasi. Hasil investasi bunga tetap                    investment policy. Expected yields on fixed interest
            didasarkan pada hasil pengembalian bruto pada                       investments are based on gross redemption yields
            tanggal pelaporan. Hasil yang diharapkan dari                       as of the reporting date. Expected returns on equity
            investasi ekuitas dan properti mencerminkan                         and property investments reflect long-term real
            tingkat imbal hasil jangka panjang aktual yang                      rates of return experienced in the respective
            terjadi untuk tiap-tiap pasar.                                      markets.

            Bank terekspos beberapa risiko atas program                         The Bank is exposed to a number of risks through
            imbalan kerja seperti risiko yang terekspos pada                    its employee benefit plans such as the exposed
            program manfaat pasti adalah adanya tingkat hasil                   risks in defined benefit pension plan is the lower
            investasi dibawah asumsi discount rate dan                          return on investment compared to assumption on
            kenaikan gaji aktual yang lebih besar dari asumsi.                  discount rate and the increase in the actual salary
            Hal tersebut menimbulkan peningkatan iuran yang                     is higher than its assumption. These will cause an
            dibayarkan kepada Dana Pensiun.                                     increase in benefit paid to Pension Fund.




                                                           Halaman - 203 - Page
1328   Menduniakan Bisnis Indonesia
Page 742
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                                    Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                                   Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                           31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

41. IMBALAN KERJA (lanjutan)                                            41. EMPLOYEE BENEFITS (continued)

    Program pensiun manfaat pasti (lanjutan)                                 Defined benefit pension plan (continued)

    Untuk memastikan bahwa posisi investasi yang                             To ensure that the result of investments is
    telah diatur dalam kerangka Asset Liability                              consistent with the Asset Liability Management
    Management        (ALMA),      Bank     melakukan                        (ALMA) framework, the Bank performs monitoring
    pemantauan terhadap investasi atas program                               over the investment for the pension program (for
    pensiun (baik iuran pasti maupun manfaat pasti)                          both defined benefit and contribution plans) and
    dan memastikan tingkat investasi dimaksud                                performs action to ensure the return of investments
    mencapai tingkat diskonto yang digunakan. Selain                         will meet the applicable discount rate. Apart from
    itu, dilakukan implementasi kebijakan penyesuaian                        that, implementation of salary adjustment policy
    gaji sesuai dengan asumsi yang telah digunakan                           has been performed in accordance to the
    dalam perhitungan aktuaria untuk mengurangi                              assumptions used by actuarial calculation to reduce
    selisih hasil perhitungan atas proyeksi imbalan                          the gap on the calculation of projected post-
    kerja pasca kerja dengan realisasinya.                                   employment benefits with its realization.

    Rata-rata durasi kewajiban manfaat pasti pada                            The average duration of the defined benefit
    tanggal 31 Desember 2023 adalah 9,00 tahun                               obligation as of 31 December 2023 is 9.00 years
    (31 Desember 2022: 8,23 tahun).                                          (31 December 2022: 8.23 years).

    Analisis jatuh tempo yang diharapkan dari manfaat                        Expected maturity analysis of undiscounted
    pensiun yang tidak terdiskonto untuk Entitas Induk                       pension benefit for Parent Only is as follows:
    adalah sebagai berikut:
                                      Kurang dari     2 sampai 5
                                       1 tahun/         tahun/         Lebih dari 5
                                      Less than a    Between 2 to        tahun/            Jumlah/
                                         year           5 years        Over 5 years         Total
    31 Desember 2023                                                                                                          31 December 2023
    Pensiun                                533,638         2,804,070     21,221,091        24,558,799                                  Pension
    Cuti besar                             106,013           629,952      2,060,639         2,796,604                                Long leave
    Penghargaan masa kerja                  31,959           353,650      1,754,823         2,140,432                                   Gratuity
    Total                                  671,610         3,787,672     25,036,553        29,495,835                                        Total


                                      Kurang dari     2 sampai 5
                                       1 tahun/         tahun/         Lebih dari 5
                                      Less than a    Between 2 to        tahun/            Jumlah/
                                         year           5 years        Over 5 years         Total
    31 Desember 2022                                                                                                          31 December 2022
    Pensiun                                590,286         2,772,026     20,610,906        23,973,218                                  Pension
    Cuti besar                             132,582           494,061      1,874,969         2,501,612                                Long leave
    Penghargaan masa kerja                  63,443           198,632      1,604,363         1,866,438                                   Gratuity
    Total                                  786,311         3,464,719     24,090,238        28,341,268                                        Total


    Program pensiun iuran pasti                                              Defined contribution pension plan

    Bank juga memiliki program pensiun iuran pasti,                          The Bank also has a defined contribution pension
    untuk karyawannya yang dikelola oleh Dana                                plan for its employees which is managed by Dana
    Pensiun Lembaga Keuangan PT Bank Negara                                  Pensiun Lembaga Keuangan PT Bank Negara
    Indonesia (Persero) Tbk, dimana kontribusi iuran                         Indonesia (Persero) Tbk, whereby the contribution
    bank adalah sebesar 1,5% sampai dengan 6,5%                              of the Bank is 1.5% to 6.5% of the employees’
    dari gaji karyawan sesuai jabatan karyawan,                              salaries according to the position of each
    sedangkan kontribusi iuran karyawan adalah                               employee, while the contribution of employees is
    sebesar 0,5% dari upah yang ditetapkan oleh Bank                         0.5% of the employees’ salaries, determined by the
    untuk karyawan tetap yang dipekerjakan sebelum                           Bank for employees hired before 1 September
    tanggal 1 September 2005. Untuk karyawan tetap                           2005. For employees hired after 1 September
    yang dipekerjakan mulai tanggal 1 September                              2005, the Bank and its employees contribute
    2005, kontribusi Bank dan karyawan adalah                                11.5% and 3.5%, respectively, of the employees’
    masing-masing sebesar iuran 11,5% dan 3,5% dari                          salaries.
    gaji karyawan.

    Karyawan tetap yang bergabung dengan Bank                                Permanent employees who joined the Bank prior to
    sebelum bulan September 2005, memiliki hak atas                          September 2005 are entitled to defined benefits
    program pensiun manfaat pasti ditambah dengan                            pension plan plus defined contribution pension
    program pensiun iuran pasti, atau imbalan kerja                          plan, or the benefits provided for under the Labor
    yang disediakan sesuai dengan Undang-Undang                              Law No. 11 Tahun 2020 and its implementing
    No. 11 Tahun 2020 dan peraturan penerapan                                regulation PP No. 35 Tahun 2021, whichever is
    terkaitnya PP No. 35 Tahun 2021, mana yang lebih                         higher.
    tinggi.


                                                     Halaman - 204 - Page
                                                                                      Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1329
Page 743
       Performa                   Laporan                  Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                             Fungsi
         2023                    Manajemen              Perusahaan           Manajemen atas Kinerja Bank                  Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

       41. IMBALAN KERJA (lanjutan)                                           41. EMPLOYEE BENEFITS (continued)

            Program pensiun iuran pasti (lanjutan)                                 Defined contribution pension plan (continued)

            Beban pensiun iuran pasti yang telah dibebankan                        Defined contribution pension expense that was
            pada laporan laba rugi adalah sebesar Rp246.060                        charged to profit or loss amounted to Rp246,060
            dan Rp223.410 masing-masing untuk periode yang                         and Rp223,410 for the period ended 31 December
            berakhir pada tanggal 31 Desember 2023 dan                             2023 and 2022, respectively.
            2022.

            Liabilitas atas imbalan pasca kerja meliputi uang                      The liability for post employment benefits consisted
            jasa, uang pisah dan pesangon sesuai dengan                            of service payments, severance and termination
            Undang-Undang Cipta Kerja No. 11/2020, PP                              benefits based on Undang-Undang Cipta Kerja No.
            35/2021 dan kompensasi lainnya.                                        11/2020, PP 35/2021 and other compensations.

            Imbalan kerja jangka panjang lainnya                                   Other long-term employee benefits

            Imbalan jangka panjang lainnya seperti cuti                            Other long-term employee benefits such as long
            berimbalan jangka panjang, imbalan cacat                               service leave, permanent disability benefit and
            permanen dan penghargaan jubilee dihitung                              jubilee awards are calculated using the projected
            dengan menggunakan metode projected unit credit                        unit credit method and discounted to present value.
            dan didiskontokan ke nilai kini.

            Penilaian aktuarial atas imbalan kerja jangka                          The actuarial valuation of other long-term
            panjang lainnya untuk tahun-tahun yang berakhir                        employee benefits for the years ended
            tanggal 31 Desember 2023 dan 2022 dilakukan                            31 December 2023 and 2022 were prepared by a
            oleh perusahaan konsultan aktuaria terdaftar                           registered independent actuarial consulting firm,
            independen, PT Towers Watson Purbajaga dengan                          PT Towers Watson Purbajaga using the “Projected
            menggunakan metode “Projected Unit Credit”                             Unit Credit” method as stated in its reports dated 2
            sebagaimana yang tercantum dalam laporan                               January 2024 and 17 January 2023, respectively.
            masing-masing pada tanggal 2 Januari 2024 dan
            17 Januari 2023.

            Perubahan liabilitas imbalan kerja yang diakui Bank                    The movements of the employee benefits liability
            pada laporan posisi keuangan konsolidasian                             recognized by the Bank in the consolidated
            adalah sebagai berikut:                                                statement of financial position are as follows:
                                                             2023                  2022

            Liabilitas bersih pada awal periode                 2,324,859             2,325,272      Net liability at the beginning of the period
            Dampak akuisisi                                             -                66,930                             Impact of acquisition
                                                                                                                     Expense recognized during
            Biaya selama tahun berjalan                             600,541             360,615                                the current year
            Penyesuaian atas perubahan metode                                                                      Adjustment due to change in
              atribusi - laba rugi                                        -            (309,394)                    benefit attribution method
            Jumlah yang diakui pada penghasilan                                                              Total amount recognized in other
              komprehensif lain                                     112,469               89,867                        comprehensive income
            Penyesuaian atas perubahan metode                                                                      Adjustment due to change in
              atribusi                                                  -                (3,227)                    benefit attribution method
            Pembayaran imbalan                                   (409,300)             (205,204)                         Actual benefit payments
                                                                2,628,569             2,324,859


            Biaya imbalan kerja yang dibebankan Bank pada                          Employee benefits expense recognized by Bank in
            laporan laba rugi:                                                     profit or loss:
                                                             2023                  2022
            Biaya jasa kini                                         358,023             226,616                         Current service cost
            Biaya bunga                                             155,674             160,191                                  Interest cost
            Keuntungan aktuaria                                                                                            Net actuarial gain
              periode berjalan - bersih                              86,844               (26,192)            recognized in current period
            Penyesuaian atas perubahan                                                                   Adjustment due to change in benefit
              metode atribusi                                             -            (309,394)                         attribution period
            Biaya yang dibebankan pada                                                                                Expense recognized in
              laba rugi                                             600,541               51,221                             profit or loss




                                                             Halaman - 205 - Page
1330   Menduniakan Bisnis Indonesia
Page 744
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                                  Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                                 Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

41. IMBALAN KERJA (lanjutan)                                           41. EMPLOYEE BENEFITS (continued)

    Imbalan pasca kerja lainnya dan imbalan kerja                           Post employment benefits and other long-term
    jangka panjang lainnya (lanjutan)                                       employee benefits (continued)

    Biaya imbalan kerja yang dibebankan Bank pada                           Employee benefits expense recognized by Bank in
    laporan laba rugi: (lanjutan)                                           profit or loss: (continued)
                                                   2023                      2022
    Biaya imbalan pasti yang diakui pada                                                                Defined benefit cost recognized in
      laba rugi                                           600,541                   51,221                                profit or loss
    Pengukuran kembali yang diakui pada                                                                Remeasurement effect recognized
      penghasilan komprehensif lainnya                    112,469                   89,867               in other comprehensive income
    Penyesuaian atas perubahan                                                                        Adjustment due to change in benefit
      metode atribusi                                             -                  (3,227)                          attribution period
    Biaya imbalan pasti                                    713,010                 137,861                             Defined benefit cost


    Asumsi-asumsi utama yang digunakan dalam                                The key assumptions used in the above calculation
    perhitungan di atas adalah:                                             are:
                                                   2023                      2022

    Asumsi ekonomi:                                                                                               Economic assumptions:
    Tingkat diskonto per tahun                              6.75%                    7.25%                             Annual discount rate
    Tingkat kenaikan gaji                                   7.00%                    7.00%                          Rate of salary increases
    Pendapatan dari dana pensiun                                                                                 Interest credited to defined
       iuran pasti                                          5.50%                    6.00%                                contribution fund
    Asumsi lainnya:                                                                                                    Other assumptions:
    Usia pensiun normal                          55 tahun/years            55 tahun/years                             Normal retirement age
    Tingkat kematian                                 Modifikasi                 Modifikasi                                       Mortality rate
                                                 Tabel Mortalita           Tabel Mortalita
                                                Indonesia 2019            Indonesia 2019
                                                    (TMI2019)/                (TMI 2019)/
                                              Adjusted Mortality        Adjusted Mortality
                                               Table Indonesia           Table Indonesia
                                               2019 (TMI2019)            2019 (TMI2019)

    Tingkat cacat                               10% dari tingkat/        10% dari tingkat/                                       Disability rate
                                                  kematian/10%             kematian/10%
                                              from mortality rate      from mortality rate
    Tingkat pengunduran diri                                                                                                     Turnover rate
    Umur 20-29                                               4.2%                     4.2%                                          Age 20-29
    Umur 30-34                                               2.8%                     2.8%                                          Age 30-34
    Umur 35-39                                               3.0%                     3.0%                                          Age 35-39
    Umur 40-50                                               1.7%                     1.7%                                          Age 40-50
    Umur 51-52                                               1.3%                     1.3%                                          Age 51-52
    Umur >52                                                   0%                       0%                                           Age >52

    Sensitivitas dari kewajiban imbalan pasca kerja                         The sensitivity of other post benefit obligation to
    lainnya terhadap perubahan asumsi aktuaria                              changes in the actuarial assumptions is as follows:
    adalah sebagai berikut:
                                                               Dampak
                                                imbalan kerja jangka panjang lainnya/
                                                              Impact on
                                                  other long-term employee benefits
                                                           Nilai kini kewajiban
                                                              imbalan kerja/
                             Perubahan Asumsi/               Present value of              Biaya jasa kini/
    2023                    Change in Assumption            benefit obligation           Current service cost                              2023
                             Kenaikan/increase 1%                      (145,466)                             (5,338)
    Tingkat diskonto        Penurunan/decrease 1%                       163,528                               6,074              Discount rate

                             Kenaikan/increase 1%                       228,078                               8,466
    Tingkat kenaikan gaji   Penurunan/decrease 1%                      (191,423)                             (6,789)    Salary increase rate




                                                    Halaman - 206 - Page
                                                                                    Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1331
Page 745
       Performa                  Laporan                  Profil
                                             PT BANK NEGARA                   Analisa dan Pembahasan
                                                                  INDONESIA (PERSERO)        Tbk                              Fungsi
         2023                   Manajemen              Perusahaan           Manajemen atas Kinerja Bank                   Penunjang Bisnis
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

       41. IMBALAN KERJA (lanjutan)                                            41. EMPLOYEE BENEFITS (continued)

            Imbalan pasca kerja lainnya dan imbalan kerja                           Post employment benefits and other long-term
            jangka panjang lainnya (lanjutan)                                       employee benefits (continued)
                                                                        Dampak
                                                         imbalan kerja jangka panjang lainnya/
                                                                       Impact on
                                                           other long-term employee benefits
                                                                  Nilai kini kewajiban
                                                                     imbalan kerja/
                                     Perubahan Asumsi/              Present value of              Biaya jasa kini/
            2022                    Change in Assumption           benefit obligation           Current service cost                         2022
                                     Kenaikan/increase 1%                      (122,534)                        (2,672)
            Tingkat diskonto        Penurunan/decrease 1%                       137,592                          7,150             Discount rate

                                     Kenaikan/increase 1%                       195,354                          9,251
            Tingkat kenaikan gaji   Penurunan/decrease 1%                      (164,373)                        (3,956)   Salary increase rate

            Analisis sensitivitas didasarkan pada perubahan                         The sensitivity analysis is based on a change in an
            atas satu asumsi aktuarial dimana asumsi lainnya                        actuarial assumption while holding all other
            dianggap konstan. Dalam perhitungan sensitivitas                        assumptions constant. When calculating the
            kewajiban imbalan pasti atas asumsi aktuarial                           sensitivity of the defined benefit obligation to
            utama, metode yang sama (perhitungan nilai kini                         significant actuarial assumptions, the same method
            kewajiban imbalan pasti dengan menggunakan                              (present value of the defined benefit obligation
            metode projected unit credit di akhir periode                           calculated with the projected unit credit method at
            pelaporan) telah diterapkan seperti dalam                               the end of the reporting period) has been applied
            penghitungan kewajiban pensiun yang diakui                              as when calculating the pension liability recognized
            dalam laporan posisi keuangan konsolidasian.                            within the consolidated statement of financial
                                                                                    position.


       42. LABA    PER   SAHAM   DASAR/DILUSIAN                                42. BASIC/DILUTED EARNINGS PER SHARE
           DIATRIBUSIKAN KEPADA PEMILIK ENTITAS                                    ATTRIBUTABLE TO EQUITY HOLDERS OF THE
           INDUK                                                                   PARENT ENTITY

            Laba tahun berjalan per saham dasar dihitung                            Basic earnings per share is computed by dividing
            dengan membagi laba tahun berjalan diatribusikan                        income for the year attributable to owners of the
            kepada pemilik entitas induk dengan rata-rata                           parent entity by the weighted average number of
            tertimbang jumlah lembar saham biasa yang                               outstanding common shares during the related
            beredar pada tahun bersangkutan.                                        year.

                                                             2023                        2022

            Laba tahun berjalan yang dapat
              diatribusikan kepada                                                                             Income for the year attributable
              pemilik entitas induk                               20,909,476               18,312,054          to owners of the parent entity

            Rata-rata tertimbang jumlah lembar                                                                      Weighted average number
              saham biasa yang beredar                                                                        of outstanding ordinary shares
                (dalam nilai penuh)                         37,256,798,316           18,638,372,041                          (in full amount)

            Laba per saham dasar                                                                                              Basic earnings per
              diatribusikan kepada                                                                        share attributable to equity holders
              pemilik entitas induk                                                                                        of the parent entity
              (dalam Rupiah penuh)                                       561                     983                  (in full Rupiah amount)


            Bank dan Entitas Anak tidak memiliki potensi                            Bank and Subsidiaries have no dilutive potential
            saham yang bersifat dilutif.                                            shares.




                                                            Halaman - 207 - Page
1332   Menduniakan Bisnis Indonesia
Page 746
     Permodalan & Praktik         Tata Kelola     Tanggung Jawab
                                        PT BANK NEGARA           Sosial
                                                            INDONESIA       Komitmen Tbk
                                                                        (PERSERO)                          Laporan
      Manajemen Risiko            Perusahaan         dan Lingkungan           ESG                         Keuangan
                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

43. KOMBINASI BISNIS                                               43. BUSINESS COMBINATION

    Pada bulan Mei 2022, Grup mengakuisisi 63,92%                      In May 2022, the Group acquired 63.92% of the
    saham PT Bank Hibank Indonesia (“Bank Hibank")                     shares of PT Bank Hibank Indonesia (“Bank
    dengan total harga perolehan adalah sebesar                        Hibank”) with a total cost of Rp3,500,000. Bank
    Rp3.500.000. Bank Hibank merupakan sebuah                          Hibank is a commercial banking. Bank’s Hibank
    Bank yang bergerak di bidang perbankan                             plans to develop business in digital banking, and
    komersial. Bank Hibank merencanakan untuk                          conduct alliances and business synergise with the
    mengembangkan bisnis Bank Hibank dalam                             Group’s business activities.
    perbankan digital, dan akan melakukan aliansi
    serta sinergi bisnis dengan kegiatan usaha Grup.

    Anggaran Dasar Bank Hibank telah mengalami                         Bank Hibank’s Articles of Association has been
    beberapa kali perubahan. Perubahan terakhir                        amended several times. The latest amendment of
    Anggaran Dasar PT Bank Hibank dilakukan antara                     PT Bank Hibank’s Articles of Association was
    lain tentang perubahan penamaan perseroan                          made regarding change its name to PT Bank
    menjadi PT Bank Hibank Indonesia sesuai dengan                     Hibank Indonesia based on Notarial Deed No. 42
    Akta Notaris No. 42 tanggal 11 April 2023 dari Jose                dated 11 April 2023 of Notary Jose Dima Satria,
    Dima Satria, SH., M.KN. dan telah mendapat                         SH., M.KN. and has been approved by the
    persetujuan dari Menteri Hukum dan Hak Asasi                       Minister of Laws and Human Rights of the
    Manusia Republik Indonesia, dengan Surat                           Republic of Indonesia, in its Decision Letter No.
    Keputusan No. AHU-0022392.AH.01.02 tanggal 14                      AHU-0022392.AH.01.02 dated 14 April 2023.
    April 2023.

    Tabel berikut ini merupakan rekonsiliasi arus kas                  The following table is the reconciliation of cash
    yang dibayarkan dan diperoleh dalam transaksi                      flow payment and received from the acquisition of
    akuisisi Bank Hibank (sebelumnya Bank Mayora):                     Bank Hibank (formerly Bank Mayora):

                                                             18 Mei/
                                                            May 2022

    Imbalan kas yang dibayar                                      3,500,000                            Cash consideration paid
    Penempatan pada bank lain dan Bank Indonesia                               Placements with other banks and Bank Indonesia
      - Kas                                                         (48,271)                                           Cash -
      - Penempatan pada bank lain dan Bank Indonesia             (6,780,426) Placements with other banks and Bank Indonesia -

                                                                 (3,328,697)


    Imbalan, jumlah aset yang diperoleh, dan liabilitas                Consideration, total acquired assets and liabilities
    yang diambil alih, dan goodwill terkait pada tanggal               assumed and the related goodwill at the
    akuisisi menggunakan jumlah sementara adalah                       acquisition date under the provisional amounts
    sebagai berikut:                                                   were as follows:

                                                             18 Mei/
                                                            May 2022
    Imbalan kas yang dibayar                                      3,500,000                                    Cash consideration paid

    Nilai wajar dari aset teridentifikasi yang                                                        Fair value of identifiable assets
       diperoleh dan liabilitas yang diambil alih                (2,742,430)                        acquired and liabilities assumed

    Penyesuaian:                                                                                                         Adjustments
      - Merek dagang                                                (11,298)                                           Trademarks -
      - Hubungan pelanggan                                          (18,486)                                Customer relationships -

    Goodwill                                                       727,786                                                       Goodwill


    Untuk      mendapatkan     substansi    transaksi                  In order to gain the substance of the transaction
    berdasarkan PSAK 22 “Kombinasi Bisnis”, nilai                      based on PSAK 22 “Business Combinations”, fair
    wajar merek dagang, dan hubungan pelanggan                         value of trademarks and customer relationships
    diukur berdasarkan penilaian yang dilakukan oleh                   were measured based on the valuation performed
    penilai independen.                                                by the independent valuer.




                                                    Halaman - 208 - Page
                                                                               Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1333
Page 747
       Performa                   Laporan                   Profil
                                               PT BANK NEGARA                   Analisa dan Pembahasan
                                                                    INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                    Manajemen               Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

       43. KOMBINASI BISNIS (lanjutan)                                         43. BUSINESS COMBINATION (continued)

            Tabel berikut ini merangkum nilai wajar yang                           The following table summarises the fair value of the
            diperoleh dan liabilitas yang diambil alih pada                        assets acquired and liability assumed recognized
            tanggal akuisisi:                                                      at the acquisition date:

                                                                        18 Mei/
                                                                       May 2022
            ASET                                                                                                                      ASSETS

            Kas                                                                 48,271                                                 Cash
            Penempatan pada bank lain dan Bank Indonesia                     6,780,426     Placements with other banks and Bank Indonesia
            Efek-efek                                                          975,069                                 Marketable securities
            Efek-efek yang dibeli dengan janji dijual kembali                1,530,760      Securities purchased under agreements to resell
            Tagihan akseptasi                                                   81,471                              Acceptance receivables
            Pinjaman yang diberikan - bersih                                 3,036,398                                           Loans - net
            Aset tetap dan aset hak guna - bersih                              104,476             Fixed assets and right-of-use assets - net
            Beban dibayar dimuka                                                17,531                                    Prepaid expenses
            Aset lain-lain - bersih                                            128,118                                    Other assets - net

            Jumlah aset                                                     12,702,520                                           Total assets

            LIABILITAS                                                                                                           LIABILITIES

            Liabilitas segera                                                   (12,535)                        Obligations due immediately
            Simpanan nasabah                                                 (8,090,651)                           Deposits from customers
            Simpanan dari bank lain                                            (101,215)                         Deposits from other banks
            Liabilitas akseptasi                                                (81,875)                               Acceptance liabilities
            Utang pajak                                                          (4,869)                                     Taxes payable
            Beban bunga                                                          (9,541)                                    Accrued interest
            Imbalan kerja                                                       (58,154)                                  Employee benefits
            Pinjaman yang diterima                                               (2,858)                                         Borrowings
            Liabilitas pajak tangguhan                                             (379)                              Deferred tax liabilities
            Liabilitas lain-lain                                                (50,111)                                     Other liabilities
            Jumlah liabilitas                                                (8,412,188)                                      Total liabilities

            Jumlah aset teridentifikasi neto                                 4,290,332                           Total identifiable net assets

            Kepentingan non-pengendali                                       (1,547,902)                            Non-controlling interest
            Merek dagang (Catatan 20)                                            11,298                               Trademarks (Note 20)
            Hubungan pelanggan (Catatan 20)                                      18,486                     Customer relationships (Note 20)
            Goodwill (Catatan 20)                                               727,786                                  Goodwill (Note 20)
            Imbalan kas yang dibayar                                         3,500,000                            Cash consideration paid


            Biaya yang terkait dengan akuisisi sebesar Rp882                        Acquisition-related costs of Rp882 have been
            telah dibebankan pada beban administrasi pada                           charged to administrative expenses in the profit
            laporan laba rugi untuk tahun yang berakhir pada                        or loss for the year ended 31 December 2022.
            31 Desember 2022.
            Pendapatan Bank Hibank yang termasuk di dalam                           The revenue included in the profit or loss since
            laporan laba rugi sejak 18 Mei 2022 sebesar                             18 May 2022 contributed by Bank Hibank was
            Rp40.842. Hibank juga memberikan kontribusi laba                        Rp40,842. Hibank also contributed a profit of
            sebesar Rp26.107 selama periode yang sama.                              Rp26,107 over the same period.
            Jika Bank Hibank dikonsolidasi sejak 1 Januari                          Had Bank Hibank been consolidated from 1
            2022, maka laba rugi laporan keuangan untuk tahun                       January 2022, the profit or loss of the
            yang berakhir 31 Desember 2022 akan                                     consolidated financial statements for the year
            menunjukkan tambahan pendapatan sebesar                                 ended 31 December 2022 would have shown
            Rp60.340 dan jumlah laba sebesar Rp38.570.                              revenue increase of Rp60,340 and total profit of
                                                                                    Rp38,570.

            Pada tanggal 31 Desember 2023, Manajemen                                As of 31 December 2023, Management believes
            berpendapat tidak terdapat indikasi penurunan nilai                     that there is no indication of impairment of
            terhadap goodwill dari transaksi akuisisi Bank                          goodwill from the acquisition transaction of Bank
            Hibank.                                                                 Hibank.




                                                                Halaman - 209 - Page
1334   Menduniakan Bisnis Indonesia
Page 748
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                          Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                         Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

44. PEMBAYARAN BERBASIS SAHAM                                    44. SHARE-BASED PAYMENT

    Berdasarkan Keputusan Rapat Umum Pemegang                        Based on the decision of the BNI’s Shareholders
    Saham (RUPS) Tahunan BNI tanggal 29 Maret                        Annual General Meeting held on 29 March 2021,
    2021 yang diaktakan dengan akta No. 14, yang                     notarized by deed No. 14, made before Notary
    dibuat dihadapan Notaris Fathiah Helmi, S.H.,                    Fathiah Helmi, S.H., on the same date, the
    dengan tanggal yang sama, RUPS telah                             shareholders approved the granting of authority
    menyetujui untuk mengalihkan secara keseluruhan                  and approved to transfer all of the shares from the
    saham hasil pembelian kembali (buyback) tahun                    2020 buyback that has been registered as
    2020 yang disimpan sebagai saham treasuri                        treasury shares of 19,579,700 for the purpose of
    sebanyak 19.579.700 saham dalam rangka                           the Employee Shares Ownership Program and the
    Program Kepemilikan Saham oleh Pegawai dan                       Board of Directors and the Board of
    Program Kepemilikan Saham oleh Direksi dan                       Commissioners share ownership program.
    Dewan Komisaris.

    Selanjutnya, berdasarkan Surat Kementerian                       Furthermore, according to the Letter of the Ministry
    Badan Usaha Milik Negara (KBUMN) No. SR-                         of State-Owned Enterprises (KBUMN) No. SR-
    33/Wk2.MBU.A/10/2021 tanggal 1 Oktober 2021,                     33/Wk2.MBU.A/10/2021 dated 1 October 2021, the
    Menteri Negara BUMN telah menetapkan besarnya                    Minister of State-Owned Enterprises has
    Jumlah Tantiem untuk Direksi dan Dewan                           determined the amount of Tantiem for the Board of
    Komisaris atas kinerja Tahun Buku 2020.                          Directors and Board of Commissioners for the
    Menindaklanjuti      hal     tersebut,   dengan                  performance of Fiscal Year 2020. Following up on
    memperhatikan            ketentuan         POJK                  this, taking into account to POJK No.45/POJK
    No.45/POJK.03/2015 tentang Penerapan Tata                        03/2015 concerning the Implementation of Good
    Kelola Dalam Pemberian Remunerasi Bagi Bank                      Corporate Governance in Providing Remuneration
    Umum dan berdasarkan keputusan manajemen                         for    Commercial     Banks     and    based     on
    bahwa 20% dari jumlah Tantiem dibayarkan                         management’s decision that 20% of the amount of
    sebagai remunerasi yang harus ditangguhkan dan                   Tantiem is paid as remuneration which must be
    dibayarkan dalam bentuk saham untuk Direksi dan                  deferred and paid in the form of shares for Board of
    Dewan Komisaris non Independen, serta dalam                      Directors and non Independent Board of
    bentuk deposito bagi Komisaris Independen.                       Commissioners, as well as in the form of
                                                                     deposits    for    Independent      Commissioners.

    Bank telah memberikan saham sebagaimana                          The Bank has granted 5,724,673 shares as
    disebutkan di atas pada tanggal 30 Desember                      mentioned above on 30 December 2021 with the
    2021 sebanyak 5.724.673 lembar saham dengan                      opening lock-up period and the distribution are as
    pembukaan periode lock-up beserta pembagiannya                   follows:
    sebagai berikut:
    1. Periode lock-up tahap I pada tanggal 5 Juni                   1.    First phase of the lock-up period on 5 June
        2022 dengan jumlah saham sebesar                                   2022 with a total of 1,642,746 shares;
        1.642.746 lembar saham;
    2. Periode lock-up tahap II pada tanggal 5 Juni                  2.    Lock-up period phase II on 5 June 2023 with a
        2023 dengan jumlah saham sebesar                                   total of 1,642,738 shares;
        1.642.738 lembar saham;
    3. Periode lock-up tahap III pada tanggal 5 Juni                 3.    Lock-up period phase III on 5 June 2024 with a
        2024 dengan jumlah saham sebesar                                   total of 1,642,726 shares, and;
        1.642.726 lembar saham; dan
    4. Periode lock-up tahap IV pada tanggal 5 Juni                  4.    Lock-up period phase IV on 5 June 2025 with
        2025 dengan jumlah saham sebesar 796.463                           a total of 796,463 shares.
        lembar saham.

    Saham diberikan kepada Direksi dan Dewan                         Shares are granted to Board of Directors and
    Komisaris tertentu berdasarkan pada pencapaian                   Board of Commissioners based on Bank’s
    performa kinerja Bank. Harga eksekusi yang                       performance target achievement. The exercise
    diberikan sama dengan harga pasar pada tanggal                   price of the granted options is equal to the market
    pemberian yaitu sebesar Rp6.750 (nilai penuh).                   price at the grant date amounting to Rp6,750 (full
                                                                     amount).




                                                    Halaman - 210 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1335
Page 749
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       44. PEMBAYARAN BERBASIS SAHAM (lanjutan)                            44. SHARE-BASED PAYMENT (continued)

            Selain itu, berdasarkan Keputusan Rapat Umum                       Other than that, based on the decision of the BNI’s
            Pemegang Saham (RUPS) Tahunan BNI tanggal 15                       Shareholders Annual General Meeting held on 15
            Maret 2022 yang diaktakan dengan akta No. 22,                      March 2022, notarized by deed No. 22, made
            yang dibuat dihadapan Notaris Fathiah Helmi, S.H.,                 before Notary Fathiah Helmi, S.H., on the same
            dengan tanggal yang sama, RUPS telah menyetujui                    date, the shareholders approved the granting of
            untuk mengalihkan secara keseluruhan saham hasil                   authority and approved to transfer all of the shares
            pembelian kembali (buyback) tahun 2021 yang                        from the 2021 buyback that has been registered as
            disimpan sebagai saham treasuri sebanyak                           treasury shares of 24,682,600 for the purpose of
            24.682.600 saham dalam rangka Program                              the Employee Shares Ownership Program and the
            Kepemilikan Saham oleh Pegawai dan Program                         Board of Directors and the Board of
            Kepemilikan Saham oleh Direksi dan Dewan                           Commissioners share ownership program.
            Komisaris.

            Selanjutnya, berdasarkan Surat Kementerian Badan                   Furthermore, according to the Letter of the Ministry
            Usaha Milik Negara (KBUMN) No. SR-                                 of State-Owned Enterprises (KBUMN) No. SR-
            23/Wk2.MBU.A/07/2022 tanggal 25 Juli 2022,                         23/Wk2.MBU.A/07/2022 dated 25 July 2022, the
            Menteri Negara BUMN telah menetapkan besarnya                      Minister of State-Owned Enterprises has
            Jumlah Tantiem untuk Direksi dan Dewan Komisaris                   determined the amount of Tantiem for the Board of
            atas kinerja Tahun Buku 2021. Menindaklanjuti hal                  Directors and Board of Commissioners for the
            tersebut, dengan memperhatikan ketentuan POJK                      performance of Fiscal Year 2021. Following up on
            No.45/POJK.03/2015 tentang Penerapan Tata                          this, taking into account to POJK No.45/POJK
            Kelola Dalam Pemberian Remunerasi Bagi Bank                        03/2015 concerning the Implementation of Good
            Umum dan berdasarkan keputusan manajemen                           Corporate Governance in Providing Remuneration
            bahwa 10% dari jumlah Tantiem dibayarkan sebagai                   for    Commercial     Banks     and    based     on
            remunerasi yang harus ditangguhkan dan                             management’s decision that 10% of the amount of
            dibayarkan dalam bentuk saham untuk Direksi dan                    Tantiem is paid as remuneration which must be
            Dewan Komisaris Non Independen, serta dalam                        deferred and paid in the form of shares for Board of
            bentuk deposito bagi Komisaris Independen.                         Directors and non Independent Board of
                                                                               Commissioners, as well as in the form of deposits
                                                                               for Independent Commissioners.

            Bank telah memberikan saham sebagaimana                             The Bank has granted 3,001,097 shares as
            disebutkan di atas pada tanggal 29 Juli 2022                        mentioned above on 29 July 2022 with the opening
            sebanyak 3.001.097 lembar saham dengan                              lock-up period and the distribution are as follows:
            pembukaan periode lock-up beserta pembagiannya
            sebagai berikut:
            1. Periode lock-up tahap I pada tanggal 5 Juni                      1.   First phase of the lock-up period on 5 June
                2023 dengan jumlah saham sebesar 922.460                             2023 with a total of 922,460 shares;
                lembar saham;
            2. Periode lock-up tahap II pada tanggal 5 Juni                     2.   Lock-up period phase II on 5 June 2024 with a
                2024 dengan jumlah saham sebesar 1.039.325                           total of 1,039,325 shares; and
                lembar saham; dan
            3. Periode lock-up tahap III pada tanggal 5 Juni                    3.   Lock-up period phase III on 5 June 2025 with a
                2025 dengan jumlah saham sebesar 1.039.312                           total of 1,039,312 shares.
                lembar saham.

            Saham diberikan kepada Direksi, Dewan Komisaris                     Shares are granted to Board of Directors, Board of
            dan karyawan tertentu tersebut berdasarkan pada                     Commissioners and several employee based on
            pencapaian performa kinerja Bank. Harga eksekusi                    Bank’s performance target achievement. The
            yang diberikan sama dengan harga pasar pada                         exercise price of the granted options is equal to the
            tanggal pemberian yaitu sebesar Rp7.850 (nilai                      market price at the grant date amounting to
            penuh).                                                             Rp7,850 (full amount).




                                                           Halaman - 211 - Page
1336   Menduniakan Bisnis Indonesia
Page 750
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

44. PEMBAYARAN BERBASIS SAHAM (lanjutan)                         44. SHARE-BASED PAYMENT (continued)

    Program Employee Stock Allocation (“ESA”)                        Employee Stock Allocation (“ESA”) Program

    Berdasarkan Keputusan Rapat Umum Pemegang                        Based on the decision of the BNI’s Shareholders
    Saham (RUPS) Tahunan BNI tanggal 15 Maret                        Annual General Meeting held on 15 March 2022,
    2022 yang diaktakan dengan akta No. 22, yang                     notarized by deed No. 22, made before Notary
    dibuat dihadapan Notaris Fathiah Helmi, S.H.,                    Fathiah Helmi, S.H., on the same date, the
    dengan tanggal yang sama, RUPS telah                             shareholders approved the granting of authority
    menyetujui untuk mengalihkan secara keseluruhan                  and approved to transfer all of the shares from the
    saham hasil pembelian kembali (buyback) tahun                    2021 buyback that has been registered as treasury
    2021 yang disimpan sebagai saham treasuri                        shares of 24,682,600 for the purpose of the
    sebanyak 24.682.600 saham dalam rangka                           Employee Shares Ownership Program and the
    Program Kepemilikan Saham oleh Pegawai dan                       Board of Directors and the Board of
    Program Kepemilikan Saham oleh Direksi dan                       Commissioners Shares Ownership program.
    Dewan Komisaris. Menyetujui memberikan kuasa                     Approved and grant power and authority to
    dan wewenang pelaksanaan Program Kepemilikan                     implement the Share Ownership Program for
    Saham     bagi   Pegawai    dan/atau   Program                   Employees and/or Share Ownership Program for
    Kepemilikan Saham bagi Direksi dan Dewan                         the Board of Directors and the Board of
    Komisaris baik bersumber dari saham treasuri                     Commissioners, whether sourced from treasury
    maupun sumber lainnya.                                           shares or other source.

    Bank telah memberikan saham sebagaimana                          The Bank has granted shares as mentioned above
    disebutkan di atas pada tanggal 2 Juni 2022                      on 2 June 2022 as many as 67,795,400 shares
    sebanyak 67.795.400 lembar saham yang                            with the opening lock-up period and the distribution
    mempunyai pembukaan periode lock-up dengan                       are as follows:
    tahapan sebagai berikut:
    1. Pembukaan periode lock-up tahap I pada                        1.    First phase of the lock-up period on 2 June
        tanggal 2 Juni 2023 dengan jumlah saham                            2023 with a total of 47,938,100 shares;
        sebesar 47.938.100 lembar saham,
    2. Pembukaan periode lock-up tahap II pada                       2.    Lock-up period phase II on 2 June 2024 with a
        tanggal 2 Juni 2024 dengan jumlah saham                            total of 10,854,800 shares; and
        sebesar 10.854.800 lembar saham, dan
    3. Pembukaan periode lock-up tahap III pada                      ϯ͘    Lock-up period phase III on 2 June 2025 with
        tanggal 2 Juni 2025 dengan jumlah saham                            a total of 9,002,500 shares͘
        sebesar 9.002.500 lembar saham.

    Saham diberikan kepada direksi dan karyawan                      Shares are granted to directors and to selected
    tertentu berdasarkan pada pencapaian performa                    employees based on Bank’s performance target
    kinerja Bank. Harga eksekusi yang diberikan sama                 achievement. The exercise price of the granted
    dengan harga pasar pada tanggal pemberian yaitu                  options is equal to the market price at the grant
    sebesar Rp8.850 (nilai penuh).                                   date amounting to Rp8,850 (full amount).

    Pada tanggal 29 Desember 2022, Bank                              On 29 December 2022, The Bank has granted
    memberikan saham sebanyak 10.355.756 lembar                      shares as many as 10,355,756 shares with the
    saham yang mempunyai pembukaan periode lock-                     opening lock-up period and the distribution are as
    up dengan tahapan sebagai berikut:                               follows:
    1. Pembukaan periode lock-up tahap I pada                        1. First phase of the lock-up period on 2 June
        tanggal 2 Juni 2023 dengan jumlah saham                           2023 with a total of 7,975,689 shares;
        sebesar 7.975.689 lembar saham,
    2. Pembukaan periode lock-up tahap II pada                       2. Lock-up period phase II on 2 June 2024 with a
        tanggal 2 Juni 2024 dengan jumlah saham                         total of 622,400 shares;
        sebesar 622.400 lembar saham,
    3. Pembukaan periode lock-up tahap III pada                      3. Lock-up period phase III on 2 June 2025 with
        tanggal 2 Juni 2025 dengan jumlah saham                         a total of 1,551,800 shares.
        sebesar 1.551.800 lembar saham,
    4. Pembukaan periode lock-up tahap I pada                        4. First phase of the lock-up period on 29 March
        tanggal 29 Maret 2023 dengan jumlah saham                       2023 with a total of 102,933 shares;
        sebesar 102.933 lembar saham,




                                                    Halaman - 212 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1337
Page 751
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                            Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank                 Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

       44. PEMBAYARAN BERBASIS SAHAM (lanjutan)                                44. SHARE-BASED PAYMENT (continued)

            Program Employee Stock Allocation (“ESA”)                              Employee Stock Allocation (“ESA”) Program
            (lanjutan)                                                             (continued)

            Pada tanggal 29 Desember 2022, Bank                                    On 29 December 2022, The Bank has granted
            memberikan saham sebanyak 10.355.756 lembar                            shares as many as 10,355,756 shares with the
            saham yang mempunyai pembukaan periode lock-                           opening lock-up period and the distribution are as
            up dengan tahapan sebagai berikut: (lanjutan)                          follows: (continued)

            5.    Pembukaan periode lock-up tahap II pada                          5. Lock-up period phase II on 1 April 2024 with a
                  tanggal 1 April 2024 dengan jumlah saham                            total of 51,467 shares; and
                  sebesar 51.467 lembar saham,
            6.    Pembukaan periode lock-up tahap III pada                         6. Lock-up period phase III on 1 April 2025 with a
                  tanggal 1 April 2025 dengan jumlah saham                            total of 51,467 shares.
                  sebesar 51.467 lembar saham,

            Harga eksekusi yang diberikan sama dengan harga                        The exercise price of the granted options is equal
            pasar pada tanggal pemberian yaitu sebesar                             to the market price at the grant date amounting to
            Rp9.225 (nilai penuh).                                                 Rp9,225 (full amount).


       45. KOMITMEN DAN KONTINJENSI                                            45. COMMITMENTS AND CONTINGENCIES

                                                            2023                       2022

            Tagihan komitmen                                                                                   Commitment receivables
            Pembelian berjangka mata uang asing                                                             Unsettled purchased of foreign
              yang belum diselesaikan                             95,742,672            95,552,866                      currency futures
            Lain-lain                                                 83,611                84,537                                 Others

                                                                  95,826,283            95,637,403


            Liabilitas komitmen                                                                                    Commitment payables
            Penjualan berjangka mata uang asing                                                                   Sales of foreign currency
               yang belum diselesaikan                            95,576,152            96,358,325                    futures unresolved
            Fasilitas kredit kepada debitur
               yang belum digunakan                               55,883,261            57,335,014                   Unused loan facilities
            Irrevocable letters of credit                                                                          Outstanding irrevocable
               yang masih berjalan                                16,854,306            16,074,195                       letters of credit
            Lainnya                                                   83,611                84,537                                  Others

                                                             168,397,330               169,852,071


            Tagihan kontinjensi                                                                                   Contingent receivables
            Garansi bank yang diterima                            23,425,868            20,690,817               Bank guarantees received
            Pendapatan bunga dalam                                                                               Interest receivable on non
              penyelesaian                                        12,030,214            11,673,005                     performing assets
            Lainnya                                                  458,646               381,937                                   Others

                                                                  35,914,728            32,745,759




                                                           Halaman - 213 - Page
1338   Menduniakan Bisnis Indonesia
Page 752
     Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                              Laporan
      Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                             Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                       31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

45. KOMITMEN DAN KONTINJENSI (lanjutan)                                 45. COMMITMENTS                 AND          CONTINGENCIES
                                                                            (continued)

                                                     2023                       2022

    Liabilitas kontinjensi                                                                                      Contingent payables
    Garansi yang diterbitkan dalam bentuk:                                                             Guarantees issued in the form of:
      Performance bonds                                    29,116,032            26,926,986                     Performance bonds
      Standby letters of credit                            15,062,455            12,868,214                  Standby letters of credit
      Advance payment bonds                                11,950,470            10,809,246                 Advance payment bonds
      Bid bonds                                             1,182,756             2,092,562                                Bid bonds
      Garansi bank lainnya                                  9,465,418            10,411,960                  Other bank guarantees
    Lainnya                                                 2,000,569               570,463                                     Others

                                                           68,777,700            63,679,431


    Transaksi komitmen dan kontinjensi yang terjadi                         Commitments and contingent transactions in the
    dalam kegiatan normal Bank yang mempunyai                               normal course of the Bank’s activities that have
    risiko kredit adalah sebagai berikut:                                   credit risk are as follows:

                                                     2023                       2022

    Garansi bank yang diterbitkan                                                                               Bank guarantees issued
      Pihak berelasi (Catatan 46r)                         22,324,075            22,335,790                  Related parties (Note 46r)
      Pihak ketiga                                         44,453,056            40,773,178                               Third parties

    Irrevocable letters of credit                                                                             Irrevocable letters of credit
       Pihak berelasi (Catatan 46s)                        12,275,824            11,159,543                  Related parties (Note 46s)
       Pihak ketiga                                         4,578,482             4,914,652                                Third parties

    Fasilitas kredit kepada debitur
      yang belum digunakan                                                                                         Unused loan facilities
      Pihak berelasi (Catatan 46t)                          9,204,717            13,964,947                  Related parties (Note 46t)
      Pihak ketiga                                         46,678,544            43,370,067                               Third parties

                                                      139,514,698               136,518,177


    Transaksi komitmen dan kontinjensi yang                                 Commitments and contingent transactions that
    mempunyai risiko kredit berdasarkan kolektibilitas                      have credit risk by collectability are as follows:
    adalah sebagai berikut:

                                                     2023                       2022

    Lancar                                            135,986,477               133,205,712                                        Current
    Dalam perhatian khusus                              2,879,288                 2,735,483                                Special mention
    Kurang lancar                                          67,806                    38,945                                  Substandard
    Diragukan                                              80,154                    65,047                                       Doubtful
    Macet                                                 500,973                   472,990                                          Loss

                                                      139,514,698               136,518,177




                                                    Halaman - 214 - Page
                                                                                  Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1339
Page 753
       Performa                   Laporan                  Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                    Manajemen              Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

       46. TRANSAKSI DENGAN PIHAK BERELASI                                    46. RELATED PARTY TRANSACTIONS

            Dalam kegiatan normal usaha, Bank melakukan                            In the normal course of business, the Bank enters
            transaksi dengan pihak berelasi karena hubungan                        into certain transactions with parties which are
            kepemilikan dan/atau kepengurusan. Semua                               related to the management and/or owned by the
            transaksi dengan pihak-pihak berelasi telah                            same ultimate shareholder. All transactions with
            dilakukan dengan kebijakan dan syarat yang telah                       related parties have met the agreed terms and
            disepakati bersama.                                                    conditions.

            a.    Jenis hubungan                                                   a.   Type of relationships

                  Hubungan pihak berelasi sebagai                                       Related party relationship as the
                  pemegang saham utama                                                  controlling shareholder

                  Pemerintah Republik Indonesia melalui Kementerian                     The Government of Republic of Indonesia through
                  Keuangan                                                              the Ministry of Finance

                  Pengendalian melalui Pemerintah Republik                              Control through The Government of The
                  Indonesia                                                             Republic of Indonesia
                  Badan Penyelenggara Jaminan Sosial (BPJS)                             Badan Penyelenggara Jaminan Sosial (BPJS)
                  Kesehatan                                                             Kesehatan
                  Badan Penyelenggara Jaminan Sosial (BPJS)                             Badan Penyelenggara Jaminan Sosial (BPJS)
                  Ketenagakerjaan                                                       Ketenagakerjaan
                  Kementerian Keuangan Republik Indonesia                               Ministry of Finance of the Republic of Indonesia
                  Lembaga Kantor Berita Nasional (LKBN) Antara                          Lembaga Kantor Berita Nasional (LKBN) Antara
                  Perum BULOG dan Entitas Anak                                          Perum BULOG and Subsidiaries
                  Perum DAMRI                                                           Perum DAMRI
                  Perum Jasa Tirta I                                                    Perum Jasa Tirta I
                  Perum Jasa Tirta II                                                   Perum Jasa Tirta II
                  Perum Lembaga Penyelenggara Pelayanan Navigasi                        Perum Lembaga Penyelenggara Pelayanan
                  Penerbangan Indonesia                                                 Navigasi Penerbangan Indonesia
                  Perum Percetakan Negara Republik Indonesia                            Perum Percetakan Negara Republik Indonesia
                  Perum Percetakan Uang Republik Indonesia                              Perum Percetakan Uang Republik Indonesia
                  (“Perum Peruri”) dan Entitas Anak                                     (“Perum Peruri”) and Subsidiaries
                  Perum Perhutani dan Entitas Anak                                      Perum Perhutani and Subsidiaries
                  Perum Pengangkutan Penumpang Djakarta                                 Perum Pengangkutan Penumpang Djakarta
                  Perum Perumnas                                                        Perum Perumnas
                  Perum Produksi Film Negara                                            Perum Produksi Film Negara
                  PT Adhi Karya (Persero) Tbk dan Entitas Anak                          PT Adhi Karya (Persero) Tbk and Subsidiaries
                  PT Amarta Karya (Persero)                                             PT Amarta Karya (Persero)
                  PT ASDP Indonesia Ferry (Persero) dan Entitas                         PT ASDP Indonesia Ferry (Persero) and
                  Anak                                                                  Subsidiaries
                  PT Asuransi Jiwasraya (Persero)                                       PT Asuransi Jiwasraya (Persero)
                  PT Asuransi Sosial Angkatan Bersenjata Republik                       PT Asuransi Sosial Angkatan Bersenjata Republik
                  Indonesia (Persero)                                                   Indonesia (Persero)
                  PT Aviasi Pariwisata Indonesia (Persero) dan                          PT Aviasi Pariwisata Indonesia (Persero) and
                  Entitas Anak                                                          Subsidiaries
                  PT Bahana Pembinaan Usaha Indonesia (Persero)                         PT Bahana Pembinaan Usaha Indonesia (Persero)
                  dan Entitas Anak                                                      and Subsidiaries
                  PT Bank Mandiri (Persero) Tbk dan Entitas Anak                        PT Bank Mandiri (Persero) Tbk and Subsidiaries




                                                             Halaman - 215 - Page
1340   Menduniakan Bisnis Indonesia
Page 754
     Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                           Laporan
      Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                          Keuangan
                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

46. TRANSAKSI               DENGAN      PIHAK       BERELASI        46. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

    a.   Jenis hubungan (lanjutan)                                      a.    Type of relationships (continued)

         Pengendalian melalui Pemerintah Republik                             Control through The Government of The
         Indonesia (lanjutan)                                                 Republic of Indonesia (continued)

          PT Bank Rakyat Indonesia (Persero) Tbk dan                          PT Bank Rakyat Indonesia (Persero) Tbk and
          Entitas Anak                                                        Subsidiaries
          PT Bank Tabungan Negara (Persero) Tbk                               PT Bank Tabungan Negara (Persero) Tbk
          PT Barata Indonesia (Persero)                                       PT Barata Indonesia (Persero)
          PT Bina Karya (Persero)                                             PT Bina Karya (Persero)
          PT Bio Farma (Persero)                                              PT Bio Farma (Persero)
          PT Biro Klasifikasi Indonesia (Persero)                             PT Biro Klasifikasi Indonesia (Persero)
          PT Boma Bisma Indra (Persero)                                       PT Boma Bisma Indra (Persero)
          PT Brantas Abipraya (Persero)                                       PT Brantas Abipraya (Persero)
          PT Danareksa (Persero) dan Entitas Anak                             PT Danareksa (Persero) and Subsidiaries
          PT Djakarta Lloyd (Persero) dan Entitas Anak                        PT Djakarta Lloyd (Persero) and Subsidiaries
          PT Dok dan Perkapalan Kodja Bahari (Persero)                        PT Dok dan Perkapalan Kodja Bahari (Persero)
          PT Dok dan Perkapalan Surabaya (Persero)                            PT Dok dan Perkapalan Surabaya (Persero)
          PT Garuda Indonesia (Persero) Tbk dan Entitas                       PT Garuda Indonesia (Persero) Tbk and
          Anak                                                                Subsidiaries
          PT Hutama Karya (Persero) dan Entitas Anak                          PT Hutama Karya (Persero) and Subsidiaries
          PT Indah Karya (Persero)                                            PT Indah Karya (Persero)
          PT Indonesia Asahan Aluminium (Persero)                             PT Indonesia Asahan Aluminium (Persero)
          PT Indra Karya (Persero)                                            PT Indra Karya (Persero)
          PT Industri Gelas (Persero)                                         PT Industri Gelas (Persero)
          PT Industri Kapal Indonesia (Persero)                               PT Industri Kapal Indonesia (Persero)
          PT Industri Kereta Api (Persero) dan Entitas Anak                   PT Industri Kereta Api (Persero) and Subsidiaries
          PT Industri Sandang Nusantara (Persero)                             PT Industri Sandang Nusantara (Persero)
          PT Industri Telekomunikasi Indonesia (Persero)                      PT Industri Telekomunikasi Indonesia (Persero)
          PT Istaka Karya (Persero)                                           PT Istaka Karya (Persero)
          PT Jasa Marga (Persero) Tbk dan Entitas Anak                        PT Jasa Marga (Persero) Tbk and Subsidiaries
          PT Kereta Api Indonesia (Persero) dan Entitas Anak                  PT Kereta Api Indonesia (Persero) and Subsidiaries
          PT Kertas Kraft Aceh (Persero)                                      PT Kertas Kraft Aceh (Persero)
          PT Kertas Leces (Persero)                                           PT Kertas Leces (Persero)
          PT Krakatau Steel (Persero) dan Entitas Anak                        PT Krakatau Steel (Persero) and Subsidiaries
          PT Len Industri (Persero) dan Entitas Anak                          PT Len Industri (Persero) and Subsidiaries
          PT Merpati Nusantara Airlines (Persero)                             PT Merpati Nusantara Airlines (Persero)
          PT PDI Pulau Batam (Persero)                                        PT PDI Pulau Batam (Persero)
          PT Pelabuhan Indonesia (Persero) dan Entitas                        PT Pelabuhan Indonesia (Persero) and
          Anak                                                                Subsidiaries




                                                       Halaman - 216 - Page
                                                                               Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1341
Page 755
       Performa                   Laporan                  Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                    Manajemen              Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

       46. TRANSAKSI           DENGAN         PIHAK      BERELASI             46. RELATED PARTY TRANSACTIONS (continued)
           (lanjutan)

            a.    Jenis hubungan (lanjutan)                                        a.   Type of relationships (continued)

                  Pengendalian melalui Pemerintah Republik                              Control through The Government of The
                  Indonesia (lanjutan)                                                  Republic of Indonesia (continued)

                  PT Pelayaran Nasional Indonesia (Persero) dan                         PT Pelayaran Nasional Indonesia (Persero) and
                  Entitas Anak                                                          Subsidiaries
                  PT PANN (Persero) dan Entitas Anak                                    PT PANN (Persero) and Subsidiaries
                  PT Pembangunan Perumahan (Persero) Tbk dan                            PT Pembangunan Perumahan (Persero) Tbk and
                  Entitas Anak                                                          Subsidiaries
                  PT Pengembangan Pariwisata Indonesia (Persero)                        PT Pengembangan Pariwisata Indonesia (Persero)
                  PT Perkebunan Nusantara III (Persero) dan Entitas                     PT Perkebunan Nusantara III (Persero) and
                  Anak                                                                  Subsidiaries
                  PT Pertamina (Persero) dan Entitas Anak                               PT Pertamina (Persero) and Subsidiaries
                  PT Perusahaan Listrik Negara (“PLN”) (Persero)                        PT Perusahaan Listrik Negara (“PLN”) (Persero)
                  dan Entitas Anak                                                      and Subsidiaries
                  PT Pos Indonesia (Persero) dan Entitas Anak                           PT Pos Indonesia (Persero) and Subsidiaries
                  PT Primissima (Persero)                                               PT Primissima (Persero)
                  PT Pupuk Indonesia Holding Company (Persero)                          PT Pupuk Indonesia Holding Company (Persero)
                  dan Entitas Anak                                                      and Subsidiaries
                  PT Rajawali Nusantara Indonesia (Persero) dan                         PT Rajawali Nusantara Indonesia (Persero) and
                  Entitas Anak                                                          Subsidiaries
                  PT Reasuransi Indonesia Utama (Persero) dan                           PT Reasuransi Indonesia Utama (Persero) and
                  Entitas Anak                                                          Subsidiaries
                  PT Semen Indonesia (Persero) Tbk dan Entitas                          PT Semen Indonesia (Persero) Tbk and
                  Anak                                                                  Subsidiaries
                  PT Semen Kupang (Persero)                                             PT Semen Kupang (Persero)
                  PT Taspen (Persero) dan Entitas Anak                                  PT Taspen (Persero) and Subsidiaries
                  PT Telkom Indonesia (Persero) Tbk dan Entitas                         PT Telkom Indonesia (Persero) Tbk and
                  Anak                                                                  Subsidiaries
                  PT Varuna Tirta Prakasya (Persero)                                    PT Varuna Tirta Prakasya (Persero)
                  PT Virama Karya (Persero)                                             PT Virama Karya (Persero)
                  PT Waskita Karya (Persero) Tbk dan Entitas Anak                       PT Waskita Karya (Persero) Tbk and Subsidiaries
                  PT Wijaya Karya (Persero) Tbk dan Entitas Anak                        PT Wijaya Karya (Persero) Tbk and Subsidiaries
                  PT Yodya Karya (Persero)                                              PT Yodya Karya (Persero)

                  Pengendalian Kegiatan Bank                                            Control on Bank’s Activities

                  Manajemen Kunci                                                       Key Management

                  Berdasarkan Kepemilikan dan/atau                                      By Ownership and/or Management
                  Kepengurusan

                  Dana Pensiun (“DP”) BNI                                               Dana Pensiun (“DP”) BNI
                  Dana Pensiun Lembaga Keuangan (“DPLK”) BNI                            Dana Pensiun Lembaga Keuangan (“DPLK”) BNI
                  PT Asuransi Tripakarta                                                PT Asuransi Tripakarta




                                                             Halaman - 217 - Page
1342   Menduniakan Bisnis Indonesia
Page 756
     Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                             Laporan
      Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                            Keuangan
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

46. TRANSAKSI               DENGAN   PIHAK     BERELASI                 46. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

    b.   Giro pada bank lain                                               b.   Current accounts with other banks

                                                     2023                       2022

         PT Bank Mandiri (Persero) Tbk                        50,137                   110,045          PT Bank Mandiri (Persero) Tbk
         PT Bank Rakyat                                                                                              PT Bank Rakyat
           Indonesia (Persero) Tbk                              1,368                    3,521              Indonesia (Persero) Tbk
         PT Bank Tabungan                                                                                         PT Bank Tabungan
           Negara (Persero) Tbk                                  749                       36                 Negara (Persero) Tbk
                                                              52,254                   113,602


    c.   Penempatan pada bank lain dan Bank                                c.   Placements with other banks and Bank
         Indonesia                                                              Indonesia

                                                     2023                       2022

         PT Bank Tabungan                                                                                         PT Bank Tabungan
           Negara (Persero) Tbk                              648,420                   147,833                Negara (Persero) Tbk
         PT Bank Rakyat                                                                                              PT Bank Rakyat
           Indonesia (Persero) Tbk                           464,901                    73,476              Indonesia (Persero) Tbk
         PT Bank Mandiri (Persero) Tbk                        97,300                   483,798          PT Bank Mandiri (Persero) Tbk
                                                            1,210,621                  705,107


    d.   Efek-efek                                                         d.   Marketable securities

                                                     2023                       2022

         PT Danareksa (Persero)                             2,750,852             1,563,324                  PT Danareksa (Persero)
         PT Bahana Pembinaan Usaha                                                                     PT Bahana Pembinaan Usaha
           Indonesia (Persero)                              2,532,018                  581,461                   Indonesia (Persero)
         Kementerian Keuangan                                                                                      Ministry of Finance
           Republik Indonesia                               1,321,967                  723,931                of Republic Indonesia
         PT Bank Mandiri (Persero) Tbk                      1,252,790                  577,497         PT Bank Mandiri (Persero) Tbk
         PT Bank Rakyat                                                                                               PT Bank Rakyat
           Indonesia ( Persero) Tbk                         1,117,420             1,814,255                Indonesia ( Persero) Tbk
         PT PLN (Persero)                                     784,178               916,419                         PT PLN (Persero)
         PT Semen Indonesia (Persero) Tbk                     396,403               309,935        PT Semen Indonesia (Persero) Tbk
         PT Hutama Karya (Persero)                            391,263               397,662               PT Hutama Karya (Persero)
         PT Bank Tabungan                                                                                          PT Bank Tabungan
           Negara (Persero) Tbk                              240,464                   269,937                Negara (Persero) Tbk
         PT Telkom Indonesia (Persero) Tbk                   240,173                   246,617     PT Telkom Indonesia (Persero) Tbk
         PT Jasa Marga (Persero) Tbk                         119,177                    12,715          PT Jasa Marga (Persero) Tbk
         PT Pupuk Indonesia Holding                                                                      PT Pupuk Indonesia Holding
           Company (Persero)                                  76,002                    76,134                  Company (Persero)
         PT Pertamina (Persero)                               72,214                    85,241                PT Pertamina (Persero)
         PT Pelabuhan Indonesia (Persero)                     62,056                    61,738      PT Pelabuhan Indonesia (Persero)
         PT Adhi Karya (Persero) Tbk                          50,574                    49,308           PT Adhi Karya (Persero) Tbk
         PT Kereta Api Indonesia (Persero)                     9,943                    81,257      PT Kereta Api Indonesia (Persero)
         PT Indonesia Asahan                                                                                     PT Indonesia Asahan
           Aluminium (Persero)                                  9,693                   11,976                  Aluminium (Persero)
         PT Pembangunan                                                                                             PT Pembangunan
           Perumahan (Persero) Tbk                               170                       467            Perumahan (Persero) Tbk
         PT Wijaya Karya (Persero) Tbk                             -                    14,533         PT Wijaya Karya (Persero) Tbk
         PT Waskita Karya (Persero) Tbk                            -                     1,035        PT Waskita Karya (Persero) Tbk
         PT Bio Farma (Persero)                                    -                       169                PT Bio Farma (Persero)
                                                           11,427,357             7,795,611




                                                    Halaman - 218 - Page
                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1343
Page 757
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                             Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank                  Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

       46. TRANSAKSI           DENGAN       PIHAK      BERELASI                46. RELATED PARTY TRANSACTIONS (continued)
           (lanjutan)

            e.    Obligasi Pemerintah                                             e.   Government Bonds

                                                             2023                      2022
                                                                                                                        The Government of
                  Pemerintah Republik Indonesia               125,021,175              118,805,319               The Republic of Indonesia


            f.    Wesel ekspor dan tagihan lainnya                                f.   Bills and other receivables

                                                             2023                      2022

                  PT Brantas Abipraya (Persero)                    1,848,749             1,513,541            PT Brantas Abipraya (Persero)
                  PT Adhi Karya (Persero) Tbk                      1,746,168             4,521,971              PT Adhi Karya (Persero) Tbk
                  PT Hutama Karya (Persero)                        1,549,938             1,210,261               PT Hutama Karya (Persero)
                  PT Bank Mandiri (Persero) Tbk                    1,432,156               787,747            PT Bank Mandiri (Persero) Tbk
                  PT Semen Indonesia (Persero) Tbk                 1,260,603               664,063        PT Semen Indonesia (Persero) Tbk
                  PT Bank Rakyat                                                                                            PT Bank Rakyat
                    Indonesia (Persero) Tbk                        1,168,480               112,302                Indonesia (Persero) Tbk
                  PT Wijaya Karya (Persero) Tbk                      611,292             1,121,737            PT Wijaya Karya (Persero) Tbk
                  PT Danareksa (Persero)                             310,588               231,543                  PT Danareksa (Persero)
                  PT Telkom Indonesia (Persero) Tbk                  150,573               149,228        PT Telkom Indonesia (Persero) Tbk
                  PT Krakatau Steel (Persero)                          6,693                13,999               PT Krakatau Steel (Persero)
                                                                  10,085,240            10,326,392


            g.    Tagihan akseptasi                                               g.   Acceptance receivables

                                                             2023                      2022

                  PT Pembangunan                                                                                           PT Pembangunan
                    Perumahan (Persero) Tbk                        1,410,741                  365,837            Perumahan (Persero) Tbk
                  PT Hutama Karya (Persero)                          484,791                  629,953            PT Hutama Karya (Persero)
                  PT Danareksa (Persero)                             350,329                  212,013                PT Danareksa (Persero)
                  PT Adhi Karya (Persero) Tbk                        275,728                  105,434           PT Adhi Karya (Persero) Tbk
                  PT Len Industri (Persero)                          150,809                  510,224               PT Len Industri (Persero)
                  PT Wijaya Karya (Persero) Tbk                      105,675                  135,906         PT Wijaya Karya (Persero) Tbk
                  PT Brantas Abipraya (Persero)                       86,405                    6,255         PT Brantas Abipraya (Persero)
                  PT Bank Mandiri (Persero) Tbk                       79,200                   74,621         PT Bank Mandiri (Persero) Tbk
                  PT Pupuk Indonesia Holding                                                                    PT Pupuk Indonesia Holding
                    Company (Persero)                                73,208              1,164,060                     Company (Persero)
                  PT Semen Indonesia (Persero) Tbk                   64,903                 91,102        PT Semen Indonesia (Persero) Tbk
                  PT Bank Rakyat                                                                                             PT Bank Rakyat
                    Indonesia (Persero) Tbk                          40,231                     4,097              Indonesia (Persero) Tbk
                  PT Rajawali Nusantara                                                                               PT Rajawali Nusantara
                    Indonesia (Persero)                              36,935                    29,413                  Indonesia (Persero)
                  PT Pertamina (Persero)                                  -                   871,231                 PT Pertamina (Persero)
                  PT Krakatau Steel (Persero)                             -                   450,021            PT Krakatau Steel (Persero)
                  PT Telkom Indonesia (Persero) Tbk                       -                     9,503     PT Telkom Indonesia (Persero) Tbk
                  PT Boma Bisma Indra (Persero)                           -                     4,702        PT Boma Bisma Indra (Persero)
                  PT Bank Tabungan Negara                                                                         PT Bank Tabungan Negara
                    (Persero) Tbk                                          -                    1,224                        (Persero) Tbk
                                                                   3,158,955             4,665,596




                                                           Halaman - 219 - Page
1344   Menduniakan Bisnis Indonesia
Page 758
     Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                             Laporan
      Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                            Keuangan
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                        31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

46. TRANSAKSI               DENGAN   PIHAK       BERELASI               46. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

    h.   Tagihan derivatif                                                 h.   Derivative receivables
                                                     2023                       2022

         PT Bank Mandiri (Persero) Tbk                        19,279                   2,318            PT Bank Mandiri (Persero) Tbk
         PT Pupuk Indonesia                                                                                       PT Pupuk Indonesia
           Holding Company (Persero)                           8,486                        -            Holding Company (Persero)
         PT PLN (Persero)                                      8,319                      934                       PT PLN (Persero)
         PT Bank Rakyat                                                                                              PT Bank Rakyat
           Indonesia (Persero) Tbk                              1,855                       -               Indonesia (Persero) Tbk
         Lain-lain                                                  -                     937                                  Others
                                                              37,939                   4,189


    i.   Pinjaman yang diberikan                                           i.   Loans

                                                     2023                       2022

         Perum BULOG                                       15,683,736             5,683,882                        Perum BULOG
         PT Jasa Marga (Persero) Tbk                       13,976,854             7,591,114         PT Jasa Marga (Persero) Tbk
         Kementerian Keuangan                                                                                Ministry of Finance of
           Republik Indonesia                              11,969,049             9,705,860                   Republic Indonesia
         PT Waskita Karya (Persero) Tbk                    11,546,283            15,162,125      PT Waskita Karya (Persero) Tbk
         PT Perkebunan Nusantara III (Persero)              8,330,263             4,613,821 PT Perkebunan Nusantara III (Persero)
         PT PLN (Persero)                                   7,950,153             4,824,308                     PT PLN (Persero)
         PT Telkom Indonesia (Persero) Tbk                  7,026,449             6,380,577   PT Telkom Indonesia (Persero) Tbk
         PT Pertamina (Persero)                             6,677,809             5,977,288               PT Pertamina (Persero)
         PT Pupuk Indonesia                                                                                   PT Pupuk Indonesia
           Holding Company (Persero)                        4,746,715             2,940,423         Holding Company (Persero)
         PT Krakatau Steel (Persero)                        4,613,234             5,469,739          PT Krakatau Steel (Persero)
         PT Bank Rakyat                                                                                           PT Bank Rakyat
           Indonesia (Persero) Tbk                          4,518,679             2,805,174             Indonesia (Persero) Tbk
         PT Len Industri (Persero)                          3,813,123             4,414,075              PT Len Industri (Persero)
         PT Semen Indonesia (Persero) Tbk                   3,667,076             4,089,029    PT Semen Indonesia (Persero) Tbk
         PT Garuda Indonesia (Persero) Tbk                  3,591,933             4,651,185   PT Garuda Indonesia (Persero) Tbk
         PT Kereta Api Indonesia (Persero)                  3,352,414             3,374,433     PT Kereta Api Indonesia (Persero)
         PT Adhi Karya (Persero) Tbk                        2,229,313             2,487,353          PT Adhi Karya (Persero) Tbk
         PT Aviasi Pariwisata                                                                                 PT Aviasi Pariwisata
           Indonesia (Persero)                              2,223,742             2,340,692                 Indonesia (Persero)
         PT Hutama Karya (Persero)                          1,655,238             3,424,627           PT Hutama Karya (Persero)
         PT Bio Farma (Persero)                             1,602,806             2,080,461               PT Bio Farma (Persero)
         PT Wijaya Karya (Persero) Tbk                      1,285,844               760,682        PT Wijaya Karya (Persero) Tbk
         PT Indonesia Asahan                                                                                 PT Indonesia Asahan
           Aluminium (Persero)                              1,062,328               693,475                 Aluminium (Persero)
         PT Bahana Pembinaan                                                                               PT Bahana Pembinaan
           Usaha Indonesia (Persero)                         998,328              1,354,244           Usaha Indonesia (Persero)
         PT Pelabuhan Indonesia (Persero)                    879,049                848,221     PT Pelabuhan Indonesia (Persero)
         PT Rajawali Nusantara                                                                             PT Rajawali Nusantara
           Indonesia (Persero)                               702,235                767,838                  Indonesia (Persero)
         PT Pembangunan                                                                                         PT Pembangunan
           Perumahan (Persero) Tbk                           412,127                109,468           Perumahan (Persero) Tbk
         PT Barata Indonesia (Persero)                       335,884                335,868        PT Barata Indonesia (Persero)
         PT Danareksa (Persero)                              304,000                275,000               PT Danareksa (Persero)
         PT Pos Indonesia (Persero)                          303,997                237,500           PT Pos Indonesia (Persero)
         Lainnya                                             900,659              1,327,699                                 Others

                                                      126,359,320               104,726,161




                                                    Halaman - 220 - Page
                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1345
Page 759
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                              Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank                   Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                           31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

       46. TRANSAKSI           DENGAN       PIHAK       BERELASI                 46. RELATED PARTY TRANSACTIONS (continued)
           (lanjutan)

            j.    Investasi pada entitas            asosiasi     dan                j.   Investment in         associates       and         equity
                  penyertaan saham                                                       investments

                                                                2023                     2022

                  PT Bank Syariah Indonesia Tbk                   11,283,466              10,048,975           PT Bank Syariah Indonesia Tbk
                  PT Fintek Karya Nusantara                          377,547                 472,138               PT Fintek Karya Nusantara
                                                                  11,661,013              10,521,113


            k.    Simpanan nasabah                                                  k.   Deposits from customers

                                                                2023                     2022

                  Entitas dikendalikan melalui                                                              Entities controlled through the
                    Pemerintah Republik Indonesia                151,973,948             154,666,508 Government of Republic of Indonesia
                  Manajemen Kunci                                    106,442                 141,755                     Key Management
                                                                 152,080,390             154,808,263


            l.    Simpanan dari bank lain                                          l.    Deposits from other banks
                                                                2023                     2022

                  Entitas dikendalikan melalui                                                              Entities controlled through the
                    Pemerintah Republik Indonesia                  2,705,107               3,190,421 Government of Republic of Indonesia

            m. Efek-efek yang diterbitkan                                           m. Securities issued
                                                                2023                     2022
                  Kementerian Keuangan                                                                                     Ministry of Finance
                    Republik Indonesia                                 719,771                  719,603              of Republic Indonesia
                  BPJS Ketenagakerjaan                                 629,800                  629,653               BPJS Ketenagakerjaan
                  PT Bank Rakyat                                                                                             PT Bank Rakyat
                    Indonesia (Persero) Tbk                            116,059                   95,046            Indonesia (Persero) Tbk
                  PT Bahana Pembinaan Usaha                                                                    PT Bahana Pembinaan Usaha
                    Indonesia (Persero)                                 91,960                   74,955                Indonesia (Persero)
                  DPLK BNI                                              59,973                   59,964                             DPLK BNI
                  PT Bank Mandiri (Persero) Tbk                         55,975                   54,967        PT Bank Mandiri (Persero) Tbk
                  PT Asabri (Persero)                                   39,987                   39,978                   PT Asabri (Persero)
                  PT Reasuransi Indonesia                                                                           PT Reasuransi Indonesia
                    Utama (Persero)                                     19,994                   19,989                    Utama (Persero)
                  DP BNI                                                14,993                   14,991                                DP BNI
                  PT Danareksa (Persero)                                 9,996                        -              PT Danareksa (Persero)
                  PT Pertamina (Persero)                                 5,997                    5,997               PT Pertamina (Persero)
                  PT Indonesia Asahan                                                                                   PT Indonesia Asahan
                    Aluminium (Persero)                                      -                   69,961                Aluminium (Persero)

                                                                   1,764,505               1,785,104




                                                               Halaman - 221 - Page
1346   Menduniakan Bisnis Indonesia
Page 760
     Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                            Laporan
      Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                           Keuangan
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                        31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

46. TRANSAKSI               DENGAN   PIHAK     BERELASI                46. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

    n.   Pinjaman yang diterima                                           n.   Borrowings
                                                     2023                      2022
         PT Bank Mandiri (Persero) Tbk                      772,307                   179,048          PT Bank Mandiri (Persero) Tbk
         Kementerian Keuangan                                                                               Ministry of Finance of the
           Republik Indonesia                                51,861                    53,584                Republic of Indonesia

                                                            824,168                   232,632


    o.   Efek-efek subordinasi                                            o.   Subordinated securities
                                                     2023                      2022
         PT Bank Mandiri (Persero) Tbk                        3,078                     3,112          PT Bank Mandiri (Persero) Tbk
         PT Asuransi Tripakarta                                   -                    24,999                PT Asuransi Tripakarta

                                                              3,078                    28,111


    p.   Liabilitas derivatif                                             p.   Derivative payables

                                                     2023                      2022
         PT Pertamina (Persero)                             121,447                    61,012                 PT Pertamina (Persero)
         PT Pupuk Indonesia                                                                                      PT Pupuk Indonesia
           Holding Company (Persero)                          7,452                         -           Holding Company (Persero)
         PT Bank Mandiri (Persero) Tbk                        4,264                    33,414          PT Bank Mandiri (Persero) Tbk
         PT Bank Rakyat                                                                                              PT Bank Rakyat
           Indonesia (Persero) Tbk                            2,895                    12,704              Indonesia (Persero) Tbk
         PT PLN (Persero)                                        80                    11,309                      PT PLN (Persero)

                                                            136,138                   118,439


    q.   Liabilitas akseptasi                                             q.   Acceptance payables
                                                     2023                      2022

         PT Bank Mandiri (Persero) Tbk                      893,585                   727,036         PT Bank Mandiri (Persero) Tbk
         PT Bank Rakyat                                                                                             PT Bank Rakyat
           Indonesia (Persero) Tbk                          138,134                    79,673             Indonesia (Persero) Tbk
         PT Semen Indonesia (Persero) Tbk                    20,457                    66,384     PT Semen Indonesia (Persero) Tbk
         PT Indonesia Asahan                                                                                   PT Indonesia Asahan
           Aluminium (Persero)                               10,754                   102,698                 Aluminium (Persero)
         PT Bank Tabungan                                                                                        PT Bank Tabungan
           Negara (Persero) Tbk                               4,467                     9,783               Negara (Persero) Tbk
         PT Biro Klasifikasi                                                                                      PT Biro Klasifikasi
           Indonesia (Persero)                                2,905                         -                 Indonesia (Persero)
         PT Telkom Indonesia (Persero) Tbk                      298                         -     PT Telkom Indonesia (Persero) Tbk
         Lainnya                                                  -                     3,269                                Others

                                                           1,070,600                  988,843




                                                    Halaman - 222 - Page
                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1347
Page 761
       Performa                    Laporan                 Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                     Manajemen             Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                       31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

       46. TRANSAKSI            DENGAN         PIHAK        BERELASI            46. RELATED PARTY TRANSACTIONS (continued)
           (lanjutan)

            r.    Garansi bank yang diterbitkan                                    r.   Bank guarantees issued

                                                               2023                     2022
                  PT Hutama Karya (Persero)                        3,522,061              3,168,461           PT Hutama Karya (Persero)
                  PT Pertamina (Persero)                           2,512,652              2,377,520                 PT Pertamina (Persero)
                  PT Adhi Karya (Persero) Tbk                      2,490,682                781,143          PT Adhi Karya (Persero) Tbk
                  PT Pupuk Indonesia Holding                                                                  PT Pupuk Indonesia Holding
                    Company (Persero)                              2,119,528              2,872,297                   Company (Persero)
                  PT Bank Mandiri (Persero) Tbk                    1,696,927              1,347,695        PT Bank Mandiri (Persero) Tbk
                  PT Telkom Indonesia (Persero) Tbk                1,677,400              1,894,487   PT Telkom Indonesia (Persero) Tbk
                  PT Wijaya Karya (Persero) Tbk                    1,661,600              2,077,282        PT Wijaya Karya (Persero) Tbk
                  PT Danareksa (Persero)                           1,608,943              1,649,223                PT Danareksa (Persero)
                  PT PLN (Persero)                                 1,038,203                534,110                       PT PLN (Persero)
                  PT Pembangunan                                                                                          PT Pembangunan
                    Perumahan (Persero) Tbk                           680,357               999,719           Perumahan (Persero) Tbk
                  PT Brantas Abipraya (Persero)                       652,926               906,137        PT Brantas Abipraya (Persero)
                  PT Len Industri (Persero)                           646,521             1,226,347               PT Len Industri (Persero)
                  PT Industri Kereta Api (Persero)                    614,178               614,178       PT Industri Kereta Api (Persero)
                  PT Waskita Karya (Persero) Tbk                      471,088             1,033,108       PT Waskita Karya (Persero) Tbk
                  PT Jasa Marga (Persero) Tbk                         185,112                      -         PT Jasa Marga (Persero) Tbk
                  PT Biro Klasifikasi Indonesia (Persero)             143,017               126,842 PT Biro Klasifikasi Indonesia (Persero)
                  PT Rajawali Nusantara                                                                              PT Rajawali Nusantara
                    Indonesia (Persero)                               112,136               110,772                   Indonesia (Persero)
                  PT Bank Rakyat                                                                                            PT Bank Rakyat
                    Indonesia (Persero) Tbk                           111,384               156,535              Indonesia (Persero) Tbk
                  PT Pelabuhan Indonesia (Persero)                     68,938                44,796    PT Pelabuhan Indonesia (Persero)
                  PT Asuransi Tripakarta                               67,756                79,752                  PT Asuransi Tripakarta
                  PT Pengembangan Pariwisata                                                                PT Pengembangan Pariwisata
                    Indonesia ITDC (Persero)                           53,671                      -           Indonesia ITDC (Persero)
                  PT Aviasi Pariwisata                                                                                  PT Aviasi Pariwisata
                    Indonesia (Persero)                                36,719                27,849                   Indonesia (Persero)
                  PT Krakatau Steel (Persero)                          34,452                29,643           PT Krakatau Steel (Persero)
                  PT Bahana Pembinaan Usaha                                                                 PT Bahana Pembinaan Usaha
                    Indonesia (Persero)                                33,821                32,353                   Indonesia (Persero)
                  PT Virama Karya (Persero)                            24,120                12,802             PT Virama Karya (Persero)
                  PT Barata Indonesia (Persero)                        13,483                 5,968         PT Barata Indonesia (Persero)
                  PT Djakarta Lloyd (Persero)                          11,460                11,460           PT Djakarta Lloyd (Persero)
                  Perum Peruri                                          7,456               128,396                            Perum Peruri
                  PT Indra Karya (Persero)                              7,358                 7,514               PT Indra Karya (Persero)
                  PT Semen Indonesia (Persero) Tbk                      5,915                   671    PT Semen Indonesia (Persero) Tbk
                  Kementerian Keuangan                                                                                   Ministry of Finance
                    Republik Indonesia                                  4,206                 3,123                 of Republic Indonesia
                  PT Pelayaran Nasional                                                                              PT Pelayaran Nasional
                    Indonesia (Persero)                                 3,614                 3,306                   Indonesia (Persero)
                  PT Pos Indonesia (Persero)                            1,746                    35           PT Pos Indonesia (Persero)
                  PT Kereta Api Indonesia (Persero)                     1,159                 5,306     PT Kereta Api Indonesia (Persero)
                  PT Garuda Indonesia (Persero) Tbk                     1,066                 3,257   PT Garuda Indonesia (Persero) Tbk
                  PT Yodya Karya (Persero)                                911                 2,455              PT Yodya Karya (Persero)
                  PT Bio Farma (Persero)                                  633                   589                PT Bio Farma (Persero)
                  Perum Perumnas                                          601                   789                        Perum Perumnas
                  PT Indonesia Asahan                                                                                  PT Indonesia Asahan
                    Aluminium (Persero)                                  222                 29,385                  Aluminium (Persero)
                  PT Primissima (Persero)                                 53                      -                PT Primissima (Persero)
                  Lain-lain                                                -                 30,485                                   Others

                                                                  22,324,075             22,335,790




                                                              Halaman - 223 - Page
1348   Menduniakan Bisnis Indonesia
Page 762
     Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                             Laporan
      Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                            Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

46. TRANSAKSI               DENGAN   PIHAK     BERELASI                 46. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

    s.   Irrevocable Letters of Credit                                     s.   Irrevocable Letters of Credit

                                                     2023                       2022
          Perum BULOG                                       8,336,405             3,454,847                           Perum BULOG
          PT Pertamina (Persero)                              853,704             4,041,449                   PT Pertamina (Persero)
          PT Pembangunan                                                                                            PT Pembangunan
           Perumahan (Persero) Tbk                           641,546                    86,758           Perumahan (Persero) Tbk
          PT Pupuk Indonesia Holding                                                                     PT Pupuk Indonesia Holding
           Company (Persero)                                 524,532                   831,972                  Company (Persero)
          PT PLN (Persero)                                   419,602                   928,600                      PT PLN (Persero)
          PT Len Industri (Persero)                          402,481                   469,836              PT Len Industri (Persero)
          PT Kereta Api Indonesia (Persero)                  271,156                   191,231      PT Kereta Api Indonesia (Persero)
          PT Hutama Karya (Persero)                          233,435                   236,882            PT Hutama Karya (Persero)
          PT Danareksa (Persero)                             164,632                   159,056               PT Danareksa (Persero)
          PT Adhi Karya (Persero) Tbk                        145,884                     5,778           PT Adhi Karya (Persero) Tbk
          PT Semen Indonesia (Persero) Tbk                    97,909                   175,458     PT Semen Indonesia (Persero) Tbk
          PT Krakatau Steel (Persero)                         93,358                    50,339           PT Krakatau Steel (Persero)
          PT Wijaya Karya (Persero) Tbk                       31,917                   113,082         PT Wijaya Karya (Persero) Tbk
          Kementerian Keuangan                                                                                     Ministry of Finance
           Republik Indonesia                                 29,003                    29,181                of Republic Indonesia
          PT Brantas Abipraya (Persero)                       21,852                         -         PT Brantas Abipraya (Persero)
          Perum Peruri                                         5,508                     6,405                           Perum Peruri
          PT Rajawali Nusantara                                                                                PT Rajawali Nusantara
           Indonesia (Persero)                                  2,900                   49,872                  Indonesia (Persero)
          PT Perkebunan                                                                                               PT Perkebunan
           Nusantara III (Persero)                                  -                  295,669              Nusantara III (Persero)
          Lain-lain                                                 -                   33,128                                  Others

                                                           12,275,824            11,159,543


    t.   Fasilitas pinjaman yang belum ditarik                             t.   Unused loan facilities

                                                     2023                       2022

         Kementerian Keuangan                                                                                      Ministry of Finance
           Republik Indonesia                               4,112,175             2,705,039                     of Republic Indonesia
         PT Pupuk Indonesia Holding                                                                      PT Pupuk Indonesia Holding
           Company (Persero)                                1,264,028             1,658,999                     Company (Persero)
         PT Krakatau Steel (Persero)                        1,155,151             1,167,563               PT Krakatau Steel (Persero)
         PT Jasa Marga (Persero) Tbk                        1,100,000                     -             PT Jasa Marga (Persero) Tbk
         PT Bank Rakyat                                                                                               PT Bank Rakyat
           Indonesia (Persero) Tbk                           521,379                   575,798              Indonesia (Persero) Tbk
         PT Pelayaran Nasional                                                                                 PT Pelayaran Nasional
           Indonesia (Persero)                               300,000                   300,000                  Indonesia (Persero)
         PT Len Industri (Persero)                           288,728                   162,095               PT Len Industri (Persero)
         PT Hutama Karya (Persero)                           130,451                   128,835            PT Hutama Karya (Persero)
         PT Pos Indonesia (Persero)                           95,645                         -            PT Pos Indonesia (Persero)
         Manajemen Kunci                                      57,198                         -                      Key Management
         PT Danareksa (Persero)                               50,000                    50,000                PT Danareksa (Persero)
         PT Telkom Indonesia (Persero) Tbk                    32,635                   353,514     PT Telkom Indonesia (Persero) Tbk
         PT Brantas Abipraya (Persero)                        25,000                    24,967         PT Brantas Abipraya (Persero)
         PT Virama Karya (Persero)                            22,569                    19,855             PT Virama Karya (Persero)
         PT Rajawali Nusantara                                                                                 PT Rajawali Nusantara
           Indonesia (Persero)                                20,955                   162,065                  Indonesia (Persero)
         Perum BULOG                                          11,000                    31,000                         Perum BULOG
         PT Kereta Api Indonesia (Persero)                     7,146                         -      PT Kereta Api Indonesia (Persero)
         PT Garuda Indonesia (Persero) Tbk                     4,751                         -     PT Garuda Indonesia (Persero) Tbk
         PT Pembangunan                                                                                             PT Pembangunan
           Perumahan (Persero) Tbk                              2,406                19,674               Perumahan (Persero) Tbk
         PT Pertamina (Persero)                                   938                     -                    PT Pertamina (Persero)
         PT Semen Indonesia (Persero) Tbk                         641                 5,000        PT Semen Indonesia (Persero) Tbk
         PT PLN (Persero)                                           -             6,332,400                         PT PLN (Persero)
         Lainnya                                                1,921               268,143                                     Others

                                                            9,204,717            13,964,947




                                                    Halaman - 224 - Page
                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1349
Page 763
       Performa                    Laporan                  Profil
                                               PT BANK NEGARA                   Analisa dan Pembahasan
                                                                    INDONESIA (PERSERO)        Tbk                                        Fungsi
         2023                     Manajemen              Perusahaan           Manajemen atas Kinerja Bank                             Penunjang Bisnis
                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

       46. TRANSAKSI            DENGAN         PIHAK      BERELASI                 46. RELATED PARTY TRANSACTIONS (continued)
           (lanjutan)
            u.      Gaji dan tunjangan                                                 u.     Salaries and employees’ benefits
                                                                            2023
                                                                 Imbalan kerja       Pesangon
                                                Imbalan kerja   jangka panjang      pemutusan
                                               jangka pendek/       lainnya/       kontrak kerja/
                                                 short-term        other long-      termination
                                                   benefit        term benefit        benefit              Total
                    Dewan Komisaris                    29,412            90,700              4,259             124,371               Board of Commissioners
                    Direksi                            70,593           224,301             10,794             305,688                     Board of Directors
                    Komite Audit                        1,430                 -                  -               1,430                      Audit Committee
                    SEVP, EVP dan SVP                 241,192            48,550                  -             289,742                  SEVP, EVP and SVP
                                                      342,627           363,551             15,053             721,231

                                                                            2022
                                                                 Imbalan kerja       Pesangon
                                                Imbalan kerja   jangka panjang      pemutusan
                                               jangka pendek/       lainnya/       kontrak kerja/
                                                 short-term        other long-      termination
                                                   benefit        term benefit        benefit              Total
                  Dewan Komisaris                      25,475            77,481              3,570             106,526               Board of Commissioners
                  Direksi                              65,193           195,819              8,414             269,426                     Board of Directors
                  Komite Audit                          1,370                 -                  -               1,370                      Audit Committee
                  SEVP, EVP dan SVP                   182,432            47,598                  -             230,030                  SEVP, EVP and SVP

                                                      274,470           320,898             11,984             607,352

            Rincian saldo transaksi dengan pihak-pihak                                 The details of balances of transactions with related
            berelasi pada tanggal 31 Desember 2023 dan                                 parties as of 31 December 2023 and 2022 are as
            2022 adalah sebagai berikut:                                               follows:
                                                                 2023                        2022
            Aset                                                                                                                                 Assets
            Giro pada bank lain                                          52,254                      113,602        Current accounts with other banks
            Penempatan pada bank lain                                                                                    Placements with other banks
               dan Bank Indonesia                                   1,210,621                     705,107                        and Bank Indonesia
            Efek-efek                                              11,427,357                   7,795,611                         Marketable securities
            Efek-efek yang dibeli                                                                                                  Securities purchased
               dengan janji dijual kembali                                                                               under agreements to resell
            Obligasi pemerintah                                   125,021,175                 118,805,319                           Government bonds
            Wesel ekspor dan tagihan lainnya                       10,085,240                  10,326,392                   Bills and other receivables
            Tagihan akseptasi                                       3,158,955                   4,665,596                      Acceptance receivables
            Tagihan derivatif                                          37,939                       4,189                         Derivative receivables
            Pinjaman yang diberikan                               126,359,320                 104,726,161                                         Loans
            Investasi pada entitas asosiasi                                                                                  Investment in associates
               dan penyertaan saham                                11,661,013                  10,521,113                       and equity investments
            Jumlah aset kepada pihak-pihak
              berelasi                                            289,013,874                 257,663,090                 Total assets with related parties

            Jumlah aset konsolidasian                           1,086,663,986               1,029,836,868                        Total consolidated assets

            Persentase jumlah aset kepada                                                                                  Percentage of total assets with
               pihak-pihak berelasi terhadap                                                                                     related parties to total
               jumlah aset konsolidasian                                  26.6%                       25.0%                        consolidated assets

            Liabilitas                                                                                                                         Liabilities
            Simpanan nasabah                                      152,080,390                 154,808,263                        Deposits from customers
            Simpanan dari bank lain                                 2,705,107                   3,190,421                       Deposits from other banks
            Efek-efek yang diterbitkan                              1,764,505                   1,785,104                                Securities issued
            Pinjaman yang diterima                                    824,168                     232,632                                     Borrowings
            Efek-efek subordinasi                                       3,078                      28,111                         Subordinated securities
            Liabilitas derivatif                                      136,138                     118,439                            Derivative payables
            Liabilitas akseptasi                                    1,070,600                     988,843                           Acceptance payables
            Jumlah liabilitas kepada
              pihak-pihak berelasi                                158,583,986                 161,151,813            Total liabilities with related parties

            Jumlah liabilitas konsolidasian                       931,931,466                 889,639,206                     Total consolidated liabilities

            Persentase jumlah liabilitas kepada                                                                          Percentage of total liabilities with
               pihak-pihak berelasi terhadap                                                                                     related parties to total
               jumlah liabilitas konsolidasian                            17.0%                       18.1%                      consolidated liabilities



                                                                Halaman - 225 - Page
1350   Menduniakan Bisnis Indonesia
Page 764
        Permodalan & Praktik   Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                          Laporan
         Manajemen Risiko      Perusahaan         dan Lingkungan           ESG                         Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

47. INFORMASI SEGMEN                                             47. SEGMENT INFORMATION

    Sebelumnya pada tahun 2022, segmen operasi                       In previous year 2022, the Group’s operating
    Grup dibagi berdasarkan kelompok nasabah utama                   segments represent the key customers and
    dan produk, sebagai berikut: Corporate &                         product groups, as follows: Corporate &
    International Banking, Institutional Banking,                    International Banking, Institutional Banking,
    Enterprises & Commercial Banking, Consumer                       Enterprises & Commercial Banking, Consumer
    Banking, Treasury, Kantor Pusat dan Entitas                      Banking, Treasury, Head Office and Subsidiaries.
    Anak. Dalam menentukan hasil segmen, beberapa                    In determining the segment results, certain assets
    akun aset dan liabilitas dan pendapatan dan biaya                and liabilities items and related revenues and
    yang terkait diatribusikan ke masing-masing                      expenses are attributed to each segment based on
    segmen berdasarkan kebijakan pelaporan internal                  internal management reporting policies.
    manajemen.

    Grup menerapkan Konsep 3 Dimensi untuk                           The Group applies the 3 Dimensional Concept for
    penilaian kinerja secara internal yaitu Dimensi                  internal  performance    assessment,     namely
    Segmen, Dimensi Channel dan Dimensi Produk.                      Segment, Channel and Product Dimensions. This
    Konsep ini dipakai sejak tahun 2022. Untuk                       concept has been used since 2022. For the
    kepentingan pelaporan Segmen, maka yang                          purpose of Segment reporting, what is reported is
    dilaporkan adalah berdasarkan Dimensi Segmen.                    based on the Segment Dimension.

    Pada tahun 2023, Grup menerapkan perubahan                       In 2023, the Group implemented changes to the
    terhadap segmen operasi yang diselaraskan                        operating segments in line with changes in the
    perubahan nomenklatur direksi berdasarkan hasil                  nomenclature of the directors based on the results
    Rapat Umum Pemegang Saham Tahunan 2023.                          of the 2023 Annual General Meeting of
                                                                     Shareholders.

    Terkait perubahan segmen operasi sesuai Rapat                    Due to changes in the operating segments as of
    Umum Pemegang Saham Tahunan 2023, Grup                           2023 Annual General Meeting of Shareholders, the
    melakukan perubahan antara lain:                                 Group has perform changes as follows:

   •      Perpindahan Bisnis SME dari Enterprises &                  •     Transfer of SME business from Enterprises &
          Commercial Banking serta Bisnis Program dari                     Commercial Banking and program loans from
          Institutional Banking    digabung    dengan                      Institutional Banking to merge with Consumer
          Consumer Banking menjadi segmen Retail                           Banking to become the Retail Banking
          Banking.                                                         segment.

    Dibawah ini adalah penjelasan mengenai                           Below is an explanation of the reporting of each
    pelaporan   masing-masing  segmen  per                           segment as of 31 December 2023:
    31 Desember 2023:

    •      Wholesale     &   International     Banking:              •     Wholesale      &    International     Banking:
           termasuk pinjaman yang diberikan, simpanan                      including loans, customer deposits and other
           nasabah dan transaksi-transaksi lainnya milik                   transactions     belonging    to      corporate
           nasabah korporasi, baik BUMN dan badan                          customers, both BUMN and private business
           usaha swasta termasuk institusi keuangan dan                    entities including financial institutions and
           nasabah kantor cabang luar negeri.                              overseas branch customers.

    •      Institutional Banking: termasuk pinjaman                  •     Institutional Banking: including loans,
           yang diberikan, simpanan nasabah dan dan                        customer deposits and other transactions
           transaksi-transaksi lainnya milik nasabah                       belonging to customers of Ministries,
           Kementerian, Lembaga Pemerintah, yayasan                        Government Institutions, foundations and
           dan universitas.                                                universities.




                                                    Halaman - 226 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1351
Page 765
       Performa                   Laporan                 Profil
                                             PT BANK NEGARA                   Analisa dan Pembahasan
                                                                  INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                    Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

       47. INFORMASI SEGMEN (lanjutan)                                      47. SEGMENT INFORMATION (continued)

            Dibawah ini adalah penjelasan mengenai                               Below is an explanation of the reporting of each
            pelaporan   masing-masing    segmen per                              segment as of 31 December 2023: (continued)
            31 Desember 2023: (lanjutan)

            •     Enterprises   &    Commercial     Banking:                      •   Enterprises & Commercial Banking :
                  termasuk pinjaman yang diberikan, simpanan                          including loans, customer deposits and other
                  nasabah dan dan transaksi-transaksi lainnya                         transactions belonging to customers of
                  milik     nasabah       dengan        skala                         middle/commercial.
                  menengah/komersial.

            •     Retail Banking: termasuk pinjaman yang                          •   Retail Banking: including loans, customer
                  diberikan, simpanan nasabah dan transaksi-                          deposits and other transactions belonging to
                  transaksi lainnya milik nasabah SME, kredit                         consumer customers including SME, credit
                  program dan konsumer termasuk kredit                                program, and consumer financing loans
                  pembiayaan      konsumsi     termasuk  kredit                       including home ownership loans, credit cards,
                  kepemilikan rumah, kartu kredit serta produk                        other products and services such as third party
                  dan jasa lainnya seperti dana pihak ketiga,                         funds, payment transactions and other
                  transaksi pembayaran dan transaksi-transaksi                        transactions belonging to customers individual.
                  lainnya milik nasabah individual.

            •     Treasury: terkait dengan kegiatan treasuri                      •   Treasury: related to the Bank’s treasury
                  Bank termasuk transaksi valuta asing, money                         activities   including  foreign      exchange
                  market, fixed income dan pasar modal.                               transactions, money market, fixed income, and
                                                                                      capital market.

            •     Kantor Pusat: terutama mengelola aset dan                       •   Head Office: mainly manages the Group’s
                  liabilitas Grup selain yang telah dikelola oleh                     assets and liabilities in addition to those
                  segmen operasi lainnya termasuk menerima                            already managed by other operating segments
                  alokasi biaya atas penyediaan jasa servis                           including receiving cost allocation for
                  secara sentralisasi kepada segmen lainnya                           centralized service provision to other
                  serta pendapatan/biaya yang tidak teralokasi                        segments as well as revenues/costs that are
                  ke pelaporan segmen lainnya.                                        not allocated to other segment reporting.

            •     Entitas Anak: seluruh transaksi yang                            •   Subsidiaries: all transactions conducted by
                  dilakukan oleh Entitas Anak yang bergerak di                        Subsidiaries engaged in insurance, consumer
                  bidang asuransi, pembiayaan konsumen,                               financing, banking, venture capital and
                  perbankan, modal ventura dan sekuritas.                             securities.

           Kinerja diukur berdasarkan laba segmen sebelum                         Performance is measured based on segment profit
           pajak penghasilan, sebagaimana dilaporkan dalam                        before income tax, as included in the internal
           laporan internal manajemen yang ditelaah oleh                          management reports that are reviewed by the
           Manajemen Bank. Keuntungan segmen digunakan                            Bank’s Management. Segment profit is used to
           untuk mengukur kinerja dimana manajemen                                measure performance of that business segment as
           berkeyakinan bahwa informasi tersebut paling                           management believes that such information is the
           relevan dalam mengevaluasi hasil segmen tersebut                       most relevant in evaluating the results of those
           relatif terhadap entitas lain yang beroperasi dalam                    segments relative to other entities that operate
           industri tersebut.                                                     within these industries.




                                                            Halaman - 227 - Page
1352   Menduniakan Bisnis Indonesia
Page 766
      Permodalan & Praktik                        Tata Kelola     Tanggung Jawab
                                                        PT BANK NEGARA           Sosial
                                                                            INDONESIA       Komitmen Tbk
                                                                                        (PERSERO)                                                                       Laporan
       Manajemen Risiko                           Perusahaan         dan Lingkungan           ESG                                                                      Keuangan
                                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                                             31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                            (Expressed in millions of Rupiah, unless otherwise stated)

47. INFORMASI SEGMEN (lanjutan)                                                                                 47. SEGMENT INFORMATION (continued)

    Informasi yang berkaitan dengan segmen usaha                                                                       Information relating to the Group’s main business
    yang utama dari Grup pada tahun 31 Desember                                                                        segments as of 31 December 2023 using the new
    2023 menggunakan kriteria segmen yang baru                                                                         segment criteria is presented in the table below:
    disajikan dalam tabel di bawah ini:
                                                                                                       2023
                           Wholesale &                           Enterprises &                                                                   Penyesuaian
                           International                          Commercial                                                                         dan
                             Banking/        Institutional         Banking/        Retail                                                         eliminasi/
                           Wholesale &         Banking/          Enterprises &    Banking/                            Kantor                     Adjustment
                           International     Institutional        Commercial       Retail           Treasuri/         Pusat/       Entitas Anak/     and               Konsolidasian/
                             Banking           Banking             Banking        Banking           Treasury        Head Office    Subsidiaries elimination**)         Consolidation
    Pendapatan                                                                                                                                                                                   Interest Income
     Bunga - Bersih*)        11,446,981          1,821,300           5,906,465     20,113,753         1,381,170                -         631,793           (25,789)         41,275,673                    - Net*)
    Pendapatan
     Premi - Bersih                      -                   -               -                -                 -              -       1,659,301                   -         1,659,301 Premium Income - Net
    Pendapatan
     Operasional                                                                                                                                                                                Other Operating
     Lainnya                   4,615,372           119,494           2,097,474      9,889,645         1,300,476       1,458,900          871,994          (540,926)         19,812,429                 Income
    Pembentukan
     Cadangan                                                                                                                                                                                     Allowance for
     Penurunan Nilai             475,060            18,027          (2,554,956)    (6,523,155)            4,723        (490,611)        (125,490)                  -        (9,196,402)      Impairment Losses
    Beban
     Operasional                                                                                                                                                                                Other Operating
     Lainnya                  (4,880,168)         (905,945)         (3,049,512) (13,586,703)           (341,513)     (3,039,442)       (2,443,353)         468,971         (27,777,665)             expenses
    Laba (Rugi)                                                                                                                                                                               Operating Income
     Operasional             11,657,245          1,052,876           2,399,471      9,893,540         2,344,856      (2,071,153)         594,245           (97,744)         25,773,336                  (Loss)
    Pendapatan
     (Beban) Bukan                                                                                                                                                                              Non Operating
     Operasional –                                                                                                                                                                          Income (Expense)
     Bersih                              -                   -               -                -                 -       (21,236)        (111,153)            (1,209)          (133,598)                 - Net
    Laba Sebelum
     Pajak                   11,657,245          1,052,876           2,399,471      9,893,540         2,344,856      (2,092,389)         483,092           (98,953)         25,639,738       Income Before Tax

    Beban Pajak                          -                   -               -                -                 -    (4,471,401)          (62,109)                 -        (4,533,510)            Tax Expense

    Laba Bersih              11,657,245          1,052,876           2,399,471      9,893,540         2,344,856      (6,563,790)         420,983           (98,953)         21,106,228               Net Income

    Total aset              408,673,828         18,535,540         122,112,729    246,767,432       252,636,198                -      46,283,112        (8,344,853)     1,086,663,986                 Total asset
    Total liabilitas        270,141,046       144,998,599           58,257,384    380,439,627        48,958,503                -      32,940,170        (3,803,863)       931,931,466             Total liabilities


    Informasi yang berkaitan dengan segmen usaha                                                                       Information related to the main business segments
    yang utama dari Grup pada tahun 31 Desember                                                                        of the Group as of 31 December 2022 using the
    2022     menggunakan     nomenklatur   direksi                                                                     nomenclature of directors based on the results of
    berdasarkan hasil Rapat Umum Pemegang                                                                              the 2023 Annual General Meeting of Shareholders
    Saham Tahunan 2023 disajikan dalam tabel di                                                                        segment is presented in the table below:
    bawah ini:
                                                                                                       2022
                           Wholesale &                           Enterprises &                                                                   Penyesuaian
                           International                          Commercial                                                                         dan
                             Banking/        Institutional         Banking/        Retail                                                         eliminasi/
                           Wholesale &         Banking/          Enterprises &    Banking/                            Kantor                     Adjustment
                           International     Institutional        Commercial       Retail           Treasuri/         Pusat/       Entitas Anak/     and               Konsolidasian/
                             Banking           Banking             Banking        Banking           Treasury        Head Office    Subsidiaries elimination**)         Consolidation
    Pendapatan                                                                                                                                                                                   Interest Income
     Bunga - Bersih*)        10,468,602            997,015           5,427,582     20,622,409         3,444,538                -         412,469           (51,923)         41,320,692                    - Net*)
    Pendapatan
     Premi - Bersih                      -                   -               -                -                 -              -       1,551,533                   -         1,551,533 Premium Income - Net
    Pendapatan
     Operasional                                                                                                                                                                                Other Operating
     Lainnya                   4,317,584            67,215           1,351,718      9,183,053         2,478,681       1,283,387          729,285          (811,252)         18,599,671                 Income
    Pembentukan
     Cadangan                                                                                                                                                                                    Allowance for
     Penurunan Nilai          (5,776,061)           (42,499)        (1,169,172)    (4,682,939)          (10,488)        277,900         (110,633)                  -       (11,513,892)    Impairment Losses
    Beban
     Operasional                                                                                                                                                                                Other Operating
     Lainnya                  (4,074,939)       (2,497,632)         (2,165,040) (12,916,554)           (158,730)     (3,604,825)       (2,142,992)         501,563         (27,059,149)             expenses
    Laba (Rugi)                                                                                                                                                                               Operating Income
     Operasional               4,935,186        (1,475,901)          3,445,088     12,205,969         5,754,001      (2,043,538)         439,662          (361,612)         22,898,855                  (Loss)
    Pendapatan
     (Beban) Bukan                                                                                                                                                                              Non Operating
     Operasional –                                                                                                                                                                          Income (Expense)
     Bersih                              -                   -               -                -                 -      (107,967)        (103,115)            (1,065)          (212,147)                 - Net
    Laba Sebelum
     Pajak                     4,935,186        (1,475,901)          3,445,088     12,205,969         5,754,001      (2,151,505)         336,547          (362,677)         22,686,708       Income Before Tax

    Beban Pajak                          -                   -               -                -                 -    (4,179,478)          (25,450)                 -        (4,204,928)            Tax Expense

    Laba Bersih                4,935,186        (1,475,901)          3,445,088     12,205,969         5,754,001      (6,330,983)         311,097          (362,677)         18,481,780               Net Income

    Total aset              345,259,952         14,631,598         125,262,223    230,065,109       282,337,964                -      38,120,174        (5,840,152)     1,029,836,868                 Total asset
    Total liabilitas        270,670,440       113,455,456           63,914,200    368,325,694        49,413,750                -      25,954,481        (2,094,815)       889,639,206             Total liabilities

      *)    termasuk komponen internal transfer pricing antar segmen operasi                                           *) Includes components of internal transfer pricing between operating segment
      **)    termasuk eliminasi internal transfer pricing atau reklasifikasi antar segmen operasi                      **) Includes elimination of internal transfer pricing or reclassification between operating
             dan eliminasi terhadap entitas anak                                                                           segment and elimination of subsidiaries




                                                                                    Halaman - 228 - Page
                                                                                                                                   Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk                      1353
Page 767
       Performa                       Laporan                 Profil
                                                 PT BANK NEGARA                   Analisa dan Pembahasan
                                                                      INDONESIA (PERSERO)        Tbk                                              Fungsi
         2023                        Manajemen             Perusahaan           Manajemen atas Kinerja Bank                                   Penunjang Bisnis
                                                    DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                        31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                             (Expressed in millions of Rupiah, unless otherwise stated)

       47. INFORMASI SEGMEN (lanjutan)                                                    47. SEGMENT INFORMATION (continued)

            Informasi yang berkaitan dengan segmen geografis                                    Information concerning the geographical segments
            BNI dan Entitas Anak disajikan dalam tabel di                                       of BNI and Subsidiaries are set out in the tables
            bawah ini:                                                                          below:

                                                                                     2023
                                                                                                           Penyesuaian
                                                                                                           dan eliminasi/
                                                                           Eropa/                         Adjustment and Konsolidasian
                                          Indonesia      New York          Europe            Asia           elimination   /Consolidated

            Pendapatan Bunga - Bersih      40,234,359       351,958            86,419         628,726             (25,789)     41,275,673          Interest Income - Net
            Pendapatan Premi - Bersih       1,659,301               -                -                -                 -       1,659,301        Premium Income - Net
            Pendapatan Operasional
              lainnya                      19,742,487        40,524           179,927         390,417           (540,926)      19,812,429       Other Operating Income
            (Pembentukan)/pemulihan
               Cadangan Kerugian                                                                                                                  (Allowance)/ Reversal
               Penurunan Nilai             (9,141,600)       20,295            (23,101)        (51,996)                -        (9,196,402)   For Impairment Losses
            Beban Operasional Lainnya     (27,140,368)      (286,850)         (194,887)       (624,531)          468,971       (27,777,665)   Other Operating Expenses


            Laba Operasional               25,354,179       125,927            48,358         342,616             (97,744)     25,773,336             Operating Income
            Pendapatan/(Beban) Bukan                                                                                                             Non Operating Income/
              Operasional - Bersih           (131,043)          (365)           (1,684)             703            (1,209)        (133,598)        (Expenses) - Net


            Laba Sebelum Beban Pajak       25,223,136       125,562            46,674         343,319             (98,953)     25,639,738 Income Before Tax Expense

            Beban Pajak                    (4,533,510)              -                -               -                 -        (4,533,510)               Tax Expense

            Laba Bersih                                                                                                        21,106,228                   Net Income

            Total aset                    995,000,675     24,964,345        10,199,820      64,843,999        (8,344,853)    1,086,663,986                 Total assets

            Total liabilitas              834,842,015     25,143,135        10,351,738      65,398,441         (3,803,863)    931,931,466                Total liabilities




                                                                                     2022
                                                                                                           Penyesuaian
                                                                                                           dan eliminasi/
                                                                           Eropa/                         Adjustment and Konsolidasian
                                          Indonesia      New York          Europe            Asia           elimination   /Consolidated

            Pendapatan Bunga - Bersih      39,681,656       437,682           319,750         973,508             (91,904)     41,320,692          Interest Income - Net
            Pendapatan Premi - Bersih       1,551,533               -                -                -                 -       1,551,533        Premium Income - Net
            Pendapatan Operasional
              lainnya                      18,297,601       106,215           307,920         533,953           (646,018)      18,599,671       Other Operating Income
            (Pembentukan)/pemulihan
               Cadangan Kerugian                                                                                                                  (Allowance)/ Reversal
               Penurunan Nilai            (11,416,024)       (53,146)          (13,191)        (31,531)                 -      (11,513,892)   For Impairment Losses
            Beban Operasional Lainnya     (26,547,874)      (281,155)         (118,186)       (618,755)          506,821       (27,059,149)   Other Operating Expenses


            Laba Operasional               21,566,892       209,596           496,293         857,175           (231,101)      22,898,855             Operating Income
            Pendapatan/(Beban) Bukan                                                                                                             Non Operating Income/
              Operasional - Bersih           (201,477)          (394)           (1,699)         (7,513)            (1,064)        (212,147)        (Expenses) - Net


            Laba Sebelum Beban Pajak       21,365,415       209,202           494,594         849,662           (232,165)      22,686,708 Income Before Tax Expense

            Beban Pajak                    (4,204,928)              -                -                -                 -       (4,204,928)               Tax Expense

            Laba Bersih                                                                                                        18,481,780                   Net Income

            Total aset                    937,499,731     22,953,002        16,340,905      58,883,383        (5,840,153)    1,029,836,868                 Total assets

            Total liabilitas              792,616,244     23,092,750        16,498,178      59,526,850         (2,094,816)    889,639,206                Total liabilities




                                                                        Halaman - 229 - Page
1354   Menduniakan Bisnis Indonesia
Page 768
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

48. MANAJEMEN RISIKO                                             48. RISK MANAGEMENT

    Untuk mengantisipasi tantangan ekonomi domestik                  To anticipate domestic and global economic
    maupun global serta peningkatan eksposur risiko                  challenges and also increase risk exposures faced
    yang dihadapi oleh BNI, dibutuhkan suatu sistem                  by BNI, an effective and integrated risk and capital
    pengelolaan risiko dan permodalan yang efektif                   management system is needed, which is able to
    dan terintegrasi, yang mampu mendukung                           support the achievement and growth of sustainable
    pencapaian dan pertumbuhan kinerja secara                        performance while enhancing the competitiveness
    berkelanjutan sekaligus meningkatkan daya saing                  of the Bank.
    Bank.
    Risiko adalah potensi kerugian akibat terjadinya                 Risk is the potential loss due to certain events. Risk
    suatu peristiwa tertentu. Risiko dalam konteks                   in the banking context is a potential event, either an
    perbankan merupakan suatu kejadian potensial,                    expected or an unexpected that has a negative
    baik yang diperkirakan (expected) maupun yang                    impact on bank income and capital of the Bank.
    tidak diperkirakan (unexpected) yang berdampak
    negatif terhadap pendapatan dan permodalan
    Bank.

    Manajemen      risiko  merupakan     serangkaian                 Risk management is a set of methodologies and
    metodologi dan prosedur yang digunakan untuk                     procedures used to identify, measure, monitor, or
    mengidentifikasi, mengukur, memantau, dan                        control the risks arising from the entire Bank’s
    mengendalikan risiko yang timbul dari seluruh                    business activities, including the efforts to mitigate
    kegiatan usaha Bank, termasuk upaya untuk                        and/or minimize financial or non-financial losses
    memitigasi dan/atau meminimalkan kerugian                        that may arise from products or activities of the
    finansial maupun non-finansial yang mungkin                      Bank, the relationship between the Bank and its
    timbul dari produk atau aktivitas Bank, hubungan                 customer and also within the internal Bank.
    antara Bank dengan nasabah maupun dalam
    internal Bank.

    Penerapan Manajemen Risiko BNI berlandaskan                      The implementation of BNI Risk Management is
    pada regulasi nasional maupun internasional,                     based on national and international regulations,
    meliputi Peraturan Otoritas Jasa Keuangan                        including Financial Services Authority Regulations
    (POJK), Surat Edaran Otoritas Jasa Keuangan                      (POJK), Financial Services Authority Circular
    (SEOJK), Peraturan Bank Indonesia (PBI), Surat                   Letters (SEOJK), Bank Indonesia Regulations
    Edaran Bank Indonesia (SEBI), dan dokumen                        (PBI), Bank Indonesia Circular Letters (SEBI), and
    Basel Committee on Banking Supervision (BCBS).                   Basel Committee on Banking Supervision (BCBS).

    Beberapa regulasi yang terkait dengan Manajemen                  Some of the agreements related to the Bank’s Risk
    Risiko Bank adalah sebagai berikut:                              Management are as follows:

    1. POJK No.18/POJK.03/2016 tanggal 16 Maret                      1. POJK No. 18/POJK.03/2016, dated 16 March
       2016 dan SEOJK No.34/SEOJK.03/2016                               2016 and SEOJK No.34/SEOJK.03/2016
       tanggal 1 September 2016 tentang Penerapan                       dated 1 September of 2016 concerning the
       Manajemen Risiko bagi Bank Umum.                                 Implementation of Risk Management for
                                                                        Commercial Banks.

    2. POJK No. 38/ POJK.03/2017 tanggal 12 Juli                     2. POJK No. 38/POJK.03/2017 dated 12 July
       2017 dan SEOJK No. 43/SEOJK.03/2017                              2017 and SEOJK No. 43/SEOJK.03/2017
       tanggal 19 Juli 2017 tentang Prinsip Kehati-                     dated 19 July 2017 concerning Prudential
       hatian dan Laporan dalam rangka Penerapan                        Principles and Reports within the framework of
       Manajemen Risiko secara Konsolidasi bagi                         the    Application   of    Consolidated   Risk
       Bank yang Melakukan Pengendalian terhadap                        Management       for    Banks    that   Control
       Perusahaan Anak.                                                 Subsidiaries.

    3. POJK    No.17/POJK.03/2014    tanggal    19                   3. POJK      No.17/POJK.03/2014       dated  19
       November    2014   dan    SEOJK      No.14/                      November 2014 and SEOJK No.14/ SEOJK.03
       SEOJK.03/2015 tanggal 25 Mei 2015 tentang                        /2015 dated 25 May 2015 concerning the
       Penerapan Manajemen Risiko Terintegrasi bagi                     Implementation of Integrated Risk Management
       Konglomerasi Keuangan.                                           for Financial Conglomerates.




                                                    Halaman - 230 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1355
Page 769
       Performa                  Laporan                   Profil
                                              PT BANK NEGARA                   Analisa dan Pembahasan
                                                                   INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                   Manajemen               Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                (Expressed in millions of Rupiah, unless otherwise stated)

       48. MANAJEMEN RISIKO (lanjutan)                                        48. RISK MANAGEMENT (continued)

            Penerapan Manajemen Risiko didasari oleh                               The Risk Management implementation is based on
            kebutuhan akan keseimbangan fungsi bisnis                              the need to maintain balance between the business
            dengan pengelolaan risiko, dimana Manajemen                            functions with the risk management, where Risk
            Risiko menjadi strategic partner dari Unit Bisnis                      Management becoming a strategic partner for the
            untuk mengoptimalkan pendapatan dari Unit Bisnis                       Business Unit to optimize the revenue from the
            secara keseluruhan.                                                    Business Unit as a whole.

            Dalam rangka penerapan Manajemen Risiko yang                           In order to implement effective Risk Management,
            efektif, baik untuk BNI secara individu maupun                         both for BNI individually and as a Consolidated and
            secara Konsolidasi dan Terintegrasi dengan Entitas                     Integrated subsidiaries, the application of risk
            Anak, penerapan manajemen risiko dilakukan                             management is done through 4 (four) pillars of risk
            melalui 4 (empat) pilar penerapan manajemen                            management: (i) Active control from board of
            risiko yaitu: (i) Pengawasan aktif direksi dan dewan                   directors and board of commissioners; (ii) The
            komisaris; (ii) Kecukupan kebijakan, dan prosedur                      adequacy of policies and risk management
            manajemen risiko serta penetapan limit risiko; (iii)                   procedures and, ie. Risk limit determination; (iii)
            Kecukupan proses identifikasi, pengukuran,                             The     adequacy      of    identification process,
            pemantauan, dan pengendalian risiko serta Sistem                       measurement, monitoring, and risk control and
            Informasi Manajemen Risiko, dan (iv) Sistem                            Risk Management Information Systems, and (iv)
            pengendalian internal yang menyeluruh.                                 Overall internal control systems.
       
            Penerapan manajemen risiko di BNI secara umum                          Implementation of risk management in BNI is
            terangkum dalam kerangka manajemen risiko.                             undertaken within the risk management framework.
            Kerangka manajemen risiko ini dituangkan dalam                         This risk management framework is outlined in the
            kebijakan,      prosedur,     limit-limit transaksi,                   policies, procedures, transaction limits, authorities
            kewenangan dan ketentuan lain serta diaplikasikan                      and other regulations as well as being applied in
            dalam perangkat manajemen risiko, yang berlaku                         the risk management tools, which is applicable in
            di seluruh lingkup aktivitas usaha.                                    the whole scope of business activities.

            Secara berkala dilakukan evaluasi terhadap                             Periodic evaluation is applied to risk management
            kebijakan dan prosedur manajemen risiko agar                           policies and procedures to ensure it reflects the
            sesuai dengan perkembangan bisnis dan                                  Bank’s current business and regulations.
            perubahan regulasi.

            Sebagai bagian dari Strategi Manajemen Risiko,                         As part of the Risk Management Strategy, BNI
            BNI menetapkan Risk Appetite Statement (RAS).                          establishes a Risk Appetite Statement (RAS). RAS
            RAS merupakan jenis dan tingkat risiko yang                            is the type and level of risk that a Bank can
            sanggup diambil/ dihadapi Bank yang berada                             take/face within its risk capacity in order to achieve
            dalam kapasitas risiko yang dimiliki dalam rangka                      business objectives. The BNI Risk Appetite
            mencapai tujuan bisnis. Adapun Risk Appetite                           Statement is as follows:
            Statement BNI sebagai berikut:

                  Risk                                                                  Risk
                                      Risk Appetite Statement                                              Risk Appetite Statement
                Appetite                                                              Appetite
              Permodalan      Memelihara modal sesuai dengan                        Capital         Maintaining capital according to the
                              tingkat risiko dan di-review secara                                   level of risk and reviewed periodically.
                              periodik.
              Rentabilitas    Memelihara       rentabilitas     secara              Rentability     Maintain sustainable profitability in the
                              berkesinambungan        dalam     jangka                              long term to support capital growth
                              panjang         untuk        mendukung                                and bank performance.
                              pertumbuhan permodalan dan kinerja
                              bank.
              Risiko Kredit   a. Memelihara pertumbuhan kredit                      Credit Risk     a. Maintaining quality credit growth
                                 yang berkualitas fokus pada sektor                                    focusing on priority sectors.
                                 prioritas. Pemberian kredit kepada                                    Lending to the industrial sector
                                 sektor industri dan kegiatan usaha                                    and high-risk business activities is
                                 berisiko tinggi dilakukan dengan                                      carried out very carefully and
                                 sangat hati-hati dan selektif.                                        selectively.
                              b. Mengelola risiko konsentrasi pada                                  b. Manage concentration risk at a
                                 level yang menghasilkan return                                        level that generates optimum
                                 optimum.                                                              returns.
                              c. Meningkatkan kualitas kredit dan                                   c. Improving credit quality and
                                 efektivitas    pengelolaan      kredit                                effectiveness in managing non-
                                 bermasalah.                                                           performing loans.




                                                               Halaman - 231 - Page
1356   Menduniakan Bisnis Indonesia
Page 770
     Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                             PT BANK NEGARA           Sosial
                                                                 INDONESIA       Komitmen Tbk
                                                                             (PERSERO)                          Laporan
      Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                         Keuangan
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                   (Expressed in millions of Rupiah, unless otherwise stated)

48. MANAJEMEN RISIKO (lanjutan)                                           48. RISK MANAGEMENT (continued)

            Risk                                                                   Risk
                                  Risk Appetite Statement                                                Risk Appetite Statement
       Appetite                                                                 Appetite
     Risiko Pasar           Memelihara tingkat Risiko Pasar                    Market Risk       Maintaining the level of Market Risk in
                            sesuai ketentuan dengan tetap                                        accordance with regulations while
                            memperhatikan pencapaian target                                      taking into account the achievement of
                            bisnis.                                                              business targets.
     Risiko                 Memelihara ketersediaan likuiditas                 Liquidity Risk    Maintaining the availability of liquidity
     Likuiditas             sesuai ketentuan dengan tetap                                        in accordance with the provisions by
                            memperhatikan pencapaian target                                      taking into account the achievement of
                            bisnis.                                                              business targets.
     Risiko                 a. Intolerance pada internal fraud.                Operational       a. Intolerance to internal fraud.
     Operasional            b. Memastikan kecukupan mitigasi                   Risk              b. Ensuring the adequacy of risk
                               risiko atas peningkatan transaksi e-                                  mitigation     for    increased    e-
                               channel/digitaI.                                                      channel/digital transactions.
                            c. Memastikan awareness seluruh                                      c. Ensuring       awareness       of   all
                               pegawai terhadap potensi risiko dan                                   employees on potential risks and
                               setiap aktivitas yang dilakukan.                                      every activity carried out.
                            d. Segenap pegawai berkomitmen                                       d. All employees are committed to
                               untuk melaksanakan kontrol dalam                                      implementing controls in each of
                               setiap        aktivitasnya      untuk                                 their activities to minimize both
                               meminimalkan          kerugian   baik                                 financial and non-financial losses
                               finansial maupun non finansial yang                                   originating      from      inadequate
                               bersumber dari ketidakcukupan                                         internal      processes,       human
                               proses internal, kelemahan SDM,                                       resource weaknesses, and system
                               dan kegagalan sistem.                                                 failures.
                            e. Menjaga implementasi proyek IT                                    e. Maintain the implementation of IT
                               sesuai jadwal yang telah ditetapkan.                                  projects      according       to    a
                                                                                                     predetermined schedule.
     Risiko                 Meminimalisir potensi kerugian akibat              Legal Risk        Minimizing potential losses due to
     Hukum                  permasalahan hukum dalam kegiatan                                    legal issues in BNI's business
                            usaha BNI.                                                           activities.
     Risiko                 a. Menghasilkan pendapatan yang                    Strategic         a. Generate sustainable income with
     Stratejik                 berkelanjutan dengan risiko yang                Risk                  manageable risk.
                               terjaga.
                            b. Memelihara permodalan sesuai                                       b. Maintaining capital according to
                               ketentuan regulator dan kebutuhan                                       regulatory provisions and needs
                               saat normal maupun krisis.                                              during normal times and crises.
                            c. Meningkatkan       ekspansi    pasar                               c. Increase global market expansion
                               global melalui akselerasi strategi                                      through        acceleration        of
                               bisnis internasional.                                                   international business strategies.
                            d. Memperkuat        digital   capability                             d. Strengthening digital capability
                               melalui inovasi dan peningkatan                                         through innovation and increasing
                               partnership.                                                            partnerships.
                            e. Memelihara Tingkat Kesehatan                                       e. Maintain Bank Soundness Level
                               Bank dan Profil Risiko di Rating 2                                      and Risk Profile at Rating 2 or
                               atau Iebih baik.                                                        better.
     Risiko                 Meminimalisir secara berkelanjutan                 Compliance         Minimizing on an ongoing basis fines
     Kepatuhan              denda dari Regulator sehingga                      Risk               from Regulators so that they decrease
                            menurun dari waktu ke waktu.                                          over time.
     Risiko                 Menjaga rating BNI tetap investment                Reputation         Maintaining BNI's investment grade
     Reputasi               grade.                                             Risk               rating.

    Agar penerapan manajemen risiko dapat berjalan                            Risk Governance is formed to enforce the
    secara efektif, BNI menyusun Risk Governance                              effectiveness of risk management implementation,
    sebagai bagian dari sistem Tata Kelola                                    and as a part of Corporate Governance system,
    Perusahaan (Corporate Governance) yang fokus                              which focuses on structure, process and approach
    pada struktur, proses dan pendekatan pengelolaan                          to risk management in achieving the business
    risiko dalam upaya pencapaian tujuan bisnis.                              goals.




                                                             Halaman - 232 - Page
                                                                                    Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1357
Page 771
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       48. MANAJEMEN RISIKO (lanjutan)                                      48. RISK MANAGEMENT (continued)

            Inisiatif dan langkah-langkah penyempurnaan telah                    Initiatives and corrective actions have been taken
            dilakukan untuk meletakkan landasan yang kuat                        to build a solid foundation for BNI’s risk
            dalam manajemen risiko di BNI yang mencakup                          management, covering aspect of organization,
            aspek-aspek organisasi, strategi, sistem informasi                   strategies, information system and operations, and
            dan operasi, serta pengembangan sumber daya                          human capital. BNI has taken some anticipatory
            manusia. BNI juga telah melakukan langkah-                           actions related to humanity and personal aspects
            langkah antisipatif yang menyentuh aspek humanis                     of each individual of BNI by implementing risk
            dan personal setiap individu BNI, yaitu dengan                       culture enhancement to build a strong risk culture
            membangun budaya risiko yang kuat yang                               that is part of the BNI’s company culture. BNI
            merupakan bagian dari budaya perusahaan BNI.                         constantly strives to improve employee’s risk
            BNI terus berupaya untuk meningkatkan budaya                         culture in order to create a strong risk culture.
            risiko segenap insan BNI agar tercipta budaya
            risiko yang kuat.

            Terkait dengan produk atau aktivitas baru yang                       Related to new product or activity, a
            akan diterbitkan, penilaian yang komprehensif                        comprehensive assessment for each of inherent
            dilakukan terhadap risiko yang melekat pada                          risk in those new product or activity is done to
            produk atau aktivitas baru untuk memastikan                          ensure the potential risk that may occur is
            bahwa potensi risiko yang mungkin timbul telah                       mitigated.
            dimitigasi dengan baik.

            Pengelolaan risiko kredit, risiko likuiditas, risiko                 The management of BNI’s credit, liquidity, market
            pasar dan operasional BNI sebagaimana diuraikan                      and operational risks, as described in Notes 49 to
            pada Catatan 49 sampai dengan Catatan 52                             52 are consistent with Regulator’s definition
            adalah sesuai dengan definisi dari Regulator (tidak                  (unaudited).
            diaudit).

            BNI juga melakukan pengelolaan terhadap risiko                       BNI also has risk management for other risks as
            lainnya sesuai aturan Regulator, yaitu (i) risiko                    regulated by Regulator, as follows (i) legal risk to
            hukum untuk mengurangi kemungkinan kerugian                          minimize possible losses from lawsuits or
            dari tuntutan hukum atau kelemahan aspek yuridis                     weakness in juridical aspects such as the absence
            seperti ketiadaan peraturan perundang-undangan                       of laws and regulations, or weaknesses such as
            yang mendukung atau kelemahan perikatan seperti                      non-compliance with the terms of the engagements
            tidak dipenuhinya syarat sahnya kontrak atau                         validity of contracts or imperfect binding of
            pengikatan agunan yang tidak sempurna .; (ii) risiko                 collaterals; (ii) reputation risk to minimize possible
            reputasi untuk mengurangi kemungkinan kerugian                       losses due to stakeholder’s declining levels of trust
            akibat menurunnya tingkat kepercayaan pemangku                       which comes from the negative perception of the
            kepentingan (stakeholder) yang bersumber dari                        Bank; (iii) strategic risk to minimize possible losses
            persepsi negatif terhadap Bank; (iii) risiko stratejik               arising     from      inappropriate     or   improper
            untuk mengurangi kemungkinan kerugian akibat                         implementation of the Bank’s strategy and
            ketidaktepatan dalam pengambilan dan/ atau                           business decisions, or strategy that is not
            pelaksanaan suatu keputusan stratejik serta                          responsive        to     external    changes;      and
            kegagalan dalam mengantisipasi perubahan                             (iv) compliance risk to minimize possible losses of
            lingkungan bisnis; dan (iv) risiko kepatuhan untuk                   the Bank from non-compliance or failure to
            mengurangi kemungkinan kerugian karena Bank                          implement the prevailing laws and regulations.
            tidak mematuhi atau tidak melaksanakan peraturan
            perundang-undangan dan ketentuan.

            Upaya-upaya yang dilakukan untuk mengelola                           The initiatives taken to manage legal risk,
            risiko hukum, risiko reputasi, risiko stratejik dan                  reputation risk, strategic risk and compliance risk
            risiko kepatuhan seperti tersebut di atas                            as described above, among others, are as follows:
            diantaranya adalah:

            •     Mengelola Pedoman Perusahaan untuk                             •   Manage Operational Guidance Manual for
                  manajemen risiko hukum, risiko reputasi, risiko                    legal risk, reputation risk, strategic risk, and
                  stratejik, dan risiko kepatuhan;                                   compliance risk;

            •     Melakukan analisis aspek risiko hukum dan uji                  •   Analysis of the legal aspects and compliance
                  kepatuhan terhadap produk atau aktivitas                           test for existing and new product or activities;
                  existing dan baru;

            •     Melakukan kaji ulang berkala terhadap format                   •   Conduct periodic reviews of the standard
                  standar perjanjian, khususnya perjanjian                           format of the agreement, especially the credit
                  kredit, guna memastikan kesesuaian dengan                          agreement, to ensure compliance with
                  peraturan perundang-undangan;                                      statutory regulations;



                                                           Halaman - 233 - Page
1358   Menduniakan Bisnis Indonesia
Page 772
        Permodalan & Praktik     Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                        Laporan
         Manajemen Risiko        Perusahaan         dan Lingkungan           ESG                       Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

48. MANAJEMEN RISIKO (lanjutan)                                   48. RISK MANAGEMENT (continued)

    Upaya-upaya yang dilakukan untuk mengelola                        The initiatives taken to manage legal risk,
    risiko hukum, risiko reputasi, risiko stratejik dan               reputation risk, strategic risk and compliance risk
    risiko kepatuhan seperti tersebut di atas                         as described above, among others, are as follows:
    diantaranya adalah: (lanjutan)                                    (continued)

    •       Melakukan kaji ulang secara berkala terhadap              •    Conduct periodic reviews of contracts and
            kontrak dan perjanjian antara BNI dengan                       agreements between BNI and other parties,
            pihak lain, antara lain dengan cara melakukan                  among      others      by     reassessing      the
            penilaian kembali terhadap efektivitas proses                  effectiveness of the enforcement process to
            enforcement guna mengecek validitas hak                        check the validity of rights in existing contracts
            dalam kontrak dan perjanjian yang ada;                         and agreements;
    •       Melakukan pengelolaan komplain/keluhan                    •    Manage customer complaints by optimizing
            nasabah dengan optimalisasi fungsi sarana                      the function of Online Request Management
            Online     Request      Management       (ORM),                (ORM) facilities, then resolve the issue;
            selanjutnya menyelesaikan permasalahan
            tersebut;
    •       Mengelola jumlah pemberitaan negatif yang                 •    Managing the amounts of negative news on
            ada di media, baik media cetak maupun media                    media, whether printed or electronic media,
            elektronik dan menindaklanjuti pemberitaan                     and follow up the proclamation in accordance
            tersebut sesuai dengan ketentuan;                              with the prevailing policies;
    •       Melakukan perencanaan strategis melalui                   •    The strategic planning done through a series
            serangkaian proses untuk penyelarasan                          of strategic planning process to align the
            strategi perusahaan dengan strategi unit;                      corporate strategy and strategy unit;
    •       Melakukan pemantauan pencapaian rencana                   •    Planning the completion of a business that has
            bisnis yang telah ditetapkan, dilakukan dengan                 been determined, is done by comparing the
            membandingkan target terhadap realisasi                        target to the realization of the business;
            bisnis;
    •       Melakukan sertifikasi kepatuhan terhadap                  •    Compliance certification to all policies and
            kebijakan dan prosedur sesuai dengan                           procedures in accordance with applicable
            ketentuan; dan                                                 regulations; and
    •       Melakukan pemantauan terhadap jenis,                      •    Monitoring of types, significance and
            signifikansi   dan     frekuensi    pelanggaran                frequency of violations of regulations (BNI
            terhadap ketentuan (track record kepatuhan                     compliance track record).
            BNI).

    Sesuai dengan Surat Edaran OJK (SEOJK)                            In accordance with the Circular Letter of Financial
    No.14/SEOJK.03/2015, BNI selaku Entitas Utama                     Services Authority regulations (SEOJK) No.
    Konglomerasi Keuangan wajib menerapkan                            14/SEOJK.03/2015, BNI as the parent entity of a
    Manajemen         Risiko   Terintegrasi     secara                financial conglomerate has to implement the
    komprehensif dan efektif. Tujuan penerapan                        integrated risk management comprehensively and
    manajemen risiko terintegrasi tersebut yaitu untuk                effectively. The purpose of the implementation of
    mengelola seluruh risiko yang melekat pada                        integrated risk management implementation is to
    aktivitas/kegiatan usaha konglomerasi keuangan                    manage the whole inherent risks in the financial
    BNI serta menciptakan keunggulan kompetitif dan                   conglomerate’s business activities, and also to
    memelihara pertumbuhan yang berkesinambungan                      create competitive advantages and maintain
    sehingga dapat meningkatkan nilai (shareholder                    sustainable growth, so that it can increase the
    value) konglomerasi keuangan BNI secara                           financial conglomeration shareholder value of BNI
    keseluruhan.                                                      as a whole.




                                                    Halaman - 234 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1359
Page 773
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       48. MANAJEMEN RISIKO (lanjutan)                                     48. RISK MANAGEMENT (continued)

            Secara umum seluruh Lembaga Jasa Keuangan                           Generally, all of the Financial Services Institutions
            (LJK) anggota Konglomerasi Keuangan BNI, baik                       (FSI) as part of the BNI Financial Conglomeration,
            BNI sebagai LJK Induk (Entitas Utama) dan                           where BNI as the Parent FSI (Main Entity) and
            masing-masing LJK Anak telah menerapkan                             each Subsidiaries FSI have implemented risk
            manajemen risiko, antara lain dengan membentuk                      management, among others by establishing a risk
            unit risiko pada masing-masing LJK. Manajemen                       unit in each FSI. Risk management in each FSI is
            risiko pada masing-masing LJK Anak secara                           operating separately from the business unit and
            operasional dilakukan terpisah dari unit bisnis dan                 conducts its function independently. To support the
            menjalankan fungsinya secara independen. Untuk                      implementation of risk management, the FSI have
            mendukung penerapan manajemen risiko, pada                          established internal control units/function in their
            organisasi LJK Anak juga dibentuk unit/fungsi                       organizational structure, which monitors the
            intern yang melakukan pemantauan kepatuhan                          compliance with internal controls regularly and
            terhadap kontrol internal secara rutin dan berkala.                 periodically on a regular basis.

            Disamping itu, Dewan Komisaris dan Direksi pada                     In addition, the Boards of Commissioners and
            masing-masing LJK Anak secara aktif juga                            Directors of the respective Subsidiaries actively
            melakukan pemantauan, dan evaluasi melalui                          monitor and evaluate the internal controls of the
            laporan-laporan yang disampaikan oleh setiap LJK                    Subsidiaries, through the reports submitted by the
            Anak untuk selanjutnya digunakan sebagai salah                      respective Subsidiaries, as a basis in formulating
            satu bahan pertimbangan dalam menetapkan                            and developing appropriate policies for the
            kebijakan pada LJK Anak.                                            Subsidiaries.

            BNI selaku Entitas Utama telah melakukan                            As the Parent Entity, BNI coordinates with its FSI
            koordinasi dengan LJK Anak untuk menerapkan                         Subsidiaries regarding the implementation of risk
            manajemen risiko sesuai ketentuan Otoritas Jasa                     management policies as defined by Indonesia
            Keuangan, antara lain dengan melakukan                              Financial Services Authority, among others by
            pemantauan dan pengukuran risiko yang                               implementing risk monitoring and measurement in
            dituangkan dalam bentuk penilaian Kecukupan                         the form of consolidated Capital Adequacy Ratio
            Penyediaan Modal Minimum (KPMM) Konsolidasi,                        (CAR) assessment, integrated Capital Adequacy
            KPMM Terintegrasi, penilaian Tingkat Kesehatan                      Ratio (CAR) assessment, the Bank’s consolidated
            Bank (TKB) konsolidasi, serta penilaian Profil                      soundness rating consolidated assessment,
            Risiko Konsolidasi dan penilaian Profil Risiko                      consolidated risk profile and also integrated risk
            Terintegrasi Konglomerasi Keuangan BNI (tidak                       profile    assessment      on    BNI     Financial
            diaudit).                                                           Conglomeration (unaudited).

            Penilaian profil risiko BNI individu menggambarkan                  The risk profile assessment of BNI reflects the
            risiko yang melekat dalam kegiatan bisnis Bank                      inherent risk of the Bank’s business, including the
            (inherent risk) termasuk kualitas penerapan                         risk control system for 8 (eight) type of risk are
            Manajemen Risiko yang mencerminkan sistem                           assessed are Credit Risk, Market Risk, Liquidity
            pengendalian risiko (risk control system) pada                      Risk, Operational Risk, Legal Risk, Reputation
            8 (delapan) jenis risiko yaitu Risiko Kredit, Risiko                Risk, Strategic Risk, and Compliance Risk. The risk
            Pasar, Risiko Likuiditas, Risiko Operasional, Risiko                profile of BNI has been performed based on
            Hukum, Risiko Reputasi, Risiko Stratejik, dan                       attachment of SEOJK No. 14/SEOJK.03/2017
            Risiko Kepatuhan. Penilaian Profil Risiko BNI telah                 about the Bank’s soundness rating assessment.
            dilakukan sesuai dengan lampiran SEOJK No.
            14/SEOJK.03/2017 tentang Penilaian Tingkat
            Kesehatan Bank Umum.

            Berdasarkan hasil laporan terakhir atas penilaian                   Based on the results of a recent self-assessment
            sendiri (self assessment), peringkat risiko inheren                 report, inherent risk rank of BNI as of
            BNI posisi 31 Desember 2023 adalah low to                           31 December 2023 is low to moderate and the
            moderate dengan peringkat kualitas penerapan                        quality of the risk management implementation
            manajemen risiko yang memadai (satisfactory)                        rank is satisfactory, therefore the risk profile
            sehingga peringkat komposit Profil Risiko BNI                       composite rank of BNI is 2 (low to moderate)
            adalah 2 (low to moderate) (tidak diaudit).                         (unaudited).




                                                           Halaman - 235 - Page
1360   Menduniakan Bisnis Indonesia
Page 774
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

48. MANAJEMEN RISIKO (lanjutan)                                  48. RISK MANAGEMENT (continued)

    Penilaian Profil Risiko Terintegrasi merupakan                   Integrated Risk Profile assessment is the
    penilaian terhadap 10 (sepuluh) jenis Risiko                     assessment of the 10 (ten) types of risks based on
    berdasarkan Risiko Inheren dan Kualitas                          Inherent Risks and the integrated Implementation
    Penerapan Manajemen Risiko (KPMR) terintegrasi.                  of Risk Management Quality (KPMR). The ten
    Kesepuluh jenis Risiko tersebut adalah Risiko                    types of Risks being assessed are Credit Risk,
    Kredit, Risiko Pasar, Risiko Likuiditas, Risiko                  Market Risk, Liquidity Risk, Operational Risk, Legal
    Operasional, Risiko Hukum, Risiko Reputasi,                      Risk, Reputation Risk, Strategic Risk, Compliance
    Risiko Stratejik, Risiko Kepatuhan, Risiko                       Risk, Intra Group Transactions Risk and Insurance
    Transaksi Intra-Grup dan Risiko Asuransi.                        Risk. Assessment of the Integrated Risk Profile has
    Penilaian Profil Risiko BNI Terintegrasi tersebut                complied with the SEOJK No. 14/SEOJK.03/2015
    telah dilakukan sesuai dengan lampiran SEOJK                     dated 25 May 2015 about Integrated Risk
    No. 14/SEOJK.03/2015 tanggal 25 Mei 2015                         Management       Implementation      for   Financial
    tentang Penerapan Manajemen Risiko Terintegrasi                  Conglomerate.
    bagi Konglomerasi Keuangan.

    Penilaian Profil Risiko Terintegrasi dilakukan                   Integrated Risk Profile assessment is conducted
    semesteran. Berdasarkan hasil laporan terakhir                   semi annually. Based on the results of the last self-
    secara penilaian sendiri (self assessment),                      assessment report, the inherent risk rank of BNI as
    peringkat risiko inheren posisi 31 Desember 2023                 of 31 December 2023 is low to moderate with the
    adalah low to moderate dengan peringkat kualitas                 quality of the risk management implementation
    penerapan manajemen risiko yang memadai                          rank as satisfactory, therefore the composite rank
    (satisfactory) sehingga peringkat komposit Profil                of BNI’s Risk Profile as a financial conglomeration
    Risiko Konglomerasi Keuangan BNI adalah 2 (low                   is 2 (low to moderate) (unaudited).
    to moderate) (tidak diaudit).

    Penilaian Tingkat Kesehatan Bank (TKB) BNI self                  BNI Bank Soundness Level (TKB) self assessment
    assessment posisi 31 Desember 2023 yang berada                   for the position as of 31 December 2023 which is in
    pada Peringkat 2 (PK 2) dengan predikat “sehat”                  Rank 2 (PK 2) with the predicate “healthy” or stable
    atau stabil dibandingkan dengan TKB BNI posisi                   compared to the TKB BNI at the position in
    31 Desember 2022 (tidak diaudit).                                31 December 2022 (unaudited).

    1. Profil Risiko                                                 1. Risk Profile
       Hasil penilaian Profil Risiko BNI posisi                         The results of the BNI Risk Profile assessment
       31 Desember 2023 masih stabil di Peringkat 2                     for the position 31 December 2023 are still
       (Low to Moderate) dengan tren menurun.                           stable at Rank 2 (Low to Moderate) with
                                                                        decreasing trend.

    2. Rentabilitas                                                  2. Rentability
       Terjadi penurunan tren risiko pada parameter                     The decreasing of risk trend which occurred in
       Rentabilitas yang dipicu oleh pencapaian rasio                   Rentability parameter which was triggered by
       profitabilitas yang telah membaik dan sesuai                     improvement of the achievement of a profitability
       target.                                                          ratio as target.

    3. Permodalan                                                    3. Capital
       Penurunan tren risiko pada parameter                             The decreasing risk trend in the capital
       permodalan diakibatkan peningkatan rasio CAR                     parameter was due to an increase in the BNI’s
       BNI karena peningkatan total modal BNI secara                    total capital component due to an increase of
       modal tier 1 melalui laba ditahan serta                          BNI’s tier 1 capital from retained earnings as
       penerbitan Additional Tier 1 Capital Securities                  well as issuance of Additional Tier 1 Capital
       dan peningkatan modal tier 2 melalui penerbitan                  Securities and increase of tier 2 capital due to
       subdebt.                                                         subdebt issuance.

    4. Tata Kelola                                                   4. Governance
       Tata kelola BNI posisi 31 Desember 2023                          BNI’s governance for the position of
       dibandingkan dengan posisi 31 Desember 2022                      31 December 2023 is relatively stable compared
       relatif stabil.                                                  to the position in December 2022.




                                                    Halaman - 236 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1361
Page 775
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       49. RISIKO KREDIT                                                   49. CREDIT RISK

            Pengelolaan kredit Bank diarahkan untuk                             The Bank’s loan management is aimed to support
            melakukan ekspansi kredit dan mengelola kualitas                    the loan expansion and to manage the quality of
            setiap kredit sejak saat diberikan sampai dengan                    each loan from the time the loan was granted until
            dilunasi oleh debitur dan untuk mencegah kredit                     the loan is fully repaid by the debtors and to
            tersebut menjadi kredit bermasalah (Non-                            prevent the loan becoming a Non-Performing Loan
            Performing Loan/NPL). Pengelolaan kredit yang                       (NPL). Effective loan management is intended to
            efektif dapat meminimalkan kerugian dan                             minimize the risk of losses and optimize the use of
            mengoptimalkan       penggunaan     modal   yang                    capital allocated for credit risk.
            dialokasikan untuk risiko kredit.

            Pengelolaan risiko kredit BNI selain bertujuan                      The purpose of BNI’s credit risk management other
            untuk memenuhi persyaratan yang ditetapkan oleh                     than to comply with Regulatory requirement is to
            Regulator, juga untuk meminimalkan kemungkinan                      minimise the possible losses resulting from the
            kerugian yang timbul akibat debitur gagal                           debtors’ failure to pay credit facility and other
            memenuhi kewajibannya atas fasilitas kredit yang                    financial contracts at the minimum level, both on
            diberikan dan kontrak keuangan lainnya, baik pada                   the individual and loan portfolio level.
            tingkat individu debitur maupun portofolio kredit
            secara keseluruhan.

            BNI telah memiliki kebijakan dan prosedur                           BNI already has loan policies and procedures for
            perkreditan serta kebijakan manajemen risiko kredit                 credit and credit risk management that was
            yang diputuskan melalui forum Komite Kebijakan                      decided in the Credit Policy Committee (KKP),
            Perkreditan (KKP), Komite Prosedur Perkreditan                      Credit Procedures Committee (KPP), Risks
            (KPP), Komite Manajemen Risiko dan Anti Fraud                       Management and Anti Fraud Committee sub
            sub Komite Manajemen Risiko (KRA-RMC) yang                          division of Risk Management (KRA-RMC)
            beranggotakan Direksi dan beberapa anggota                          consisting of Board of Directors and several
            manajemen senior serta Rapat Direksi (Radisi)                       members of senior management and also Board of
            serta disetujui oleh Dewan Komisaris. Kebijakan                     Directors meetings and approved by Board of
            Perkreditan Bank disetujui oleh Dewan Komisaris                     Commissioner. Bank Credit Policies is approved by
            dan ditinjau paling lama setiap 3 (tiga) tahun sekali.              Board of Commissioner and reviewed at least once
            Selanjutnya kebijakan dan prosedur tersebut                         in 3 (three) years. These policy and procedures are
            dituangkan dalam Pedoman Perusahaan (PP)                            written in the Credit Company Guidelines (PP) and
            Perkreditan dan Pedoman Perusahaan Manajemen                        Credit Risk Management Company Guidelines.
            Risiko Kredit.

            Pedoman        Perusahaan        (PP) Perkreditan                   These Credit Company Guidelines (PP) provide
            memberikan pedoman secara lengkap dan                               complete and detailed guidance on loan
            terperinci atas kegiatan manajemen kredit dari saat                 management activities from loan proposal, analysis
            pengajuan kredit, proses analisis, persetujuan,                     process, approval, monitoring, documentation,
            pemantauan, pendokumentasian, pengendalian,                         controls, restructuring and the settlements of non-
            penyelamatan/restrukturisasi dan penyelesaian                       performing loans, so that credit quality can be
            kredit bermasalah, sehingga kualitas kredit dapat                   maintained by taking into account the business
            terjaga dengan tetap memperhatikan target bisnis                    targets set (unaudited).
            yang ditetapkan (tidak diaudit).

            Dalam rangka mendukung proses pemberian kredit                      To support a prudent loan granting process, BNI
            yang lebih hati-hati, BNI melakukan penelaahan                      conducts periodic reviews and enhances its loan
            dan penyempurnaan kebijakan perkreditan dan                         and credit risk management policies in line with
            kebijakan manajemen risiko kredit secara periodik                   current business developments.
            sesuai dengan perkembangan bisnis terkini.




                                                           Halaman - 237 - Page
1362   Menduniakan Bisnis Indonesia
Page 776
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

49. RISIKO KREDIT (lanjutan)                                     49. CREDIT RISK (continued)

    Pengelolaan risiko kredit diterapkan pada tingkat                Credit risk management is implemented both at the
    individu dan tingkat portofolio. Pada tingkat individu           individual and portfolio level. At the individual level,
    pinjaman untuk kredit produktif, setiap usulan                   for productive loans, each loan granting proposal is
    pemberian kredit dilakukan melalui proses analisis               made through a process of analysis by the
    kredit oleh Unit Bisnis dan ditinjau oleh unit risiko            Business Unit and reviewed by the credit risk unit.
    kredit. Mekanisme proses persetujuan kredit                      The credit approval process mechanism is through
    dilakukan melalui rapat Komite Kredit. Komite                    a Credit Committee meeting. The Credit Committee
    Kredit merupakan      lembaga      pemutus      kredit           constitutes the decision maker for credit approval,
    yang beranggotakan pemutus dari Unit Bisnis                      which consists of representatives from Business
    dan Unit Risiko Bisnis, dengan demikian proses                   Units and the Credit Risk Unit, so that the loan
    pemberian kredit menjadi lebih komprehensif dan                  granting process becomes more comprehensive
    hati-hati.                                                       and prudent.

    Untuk mempercepat proses ekspansi bisnis                         To accelerate the process of business expansion in
    segmen kecil, fungsi pemasaran dan proses                        small segment, the marketing and credit analysis
    analisa kredit dilakukan oleh Relationship Manager               process function is performed by the Relationship
    yang berada di bawah Unit Bisnis yaitu dengan                    Manager under the Business Unit by conducting
    melakukan analisa bisnis dan analisa risiko serta                business analysis and risk analysis as well as
    memberikan mitigasi risiko yang diperlukan                       providing risk mitigation against the proposed
    terhadap calon debitur yang diusulkan.                           debtor candidates.


    Adapun untuk segmen menengah dan korporasi                       As for the middle and corporate segment these are
    dilakukan oleh Relationship Manager dan Business                 performed by Relationship Managers and Business
    Analyst yang berada di Unit Bisnis dengan tugas                  Analyst who are in the Business Unit and have the
    memproses usulan dari calon debitur, sementara                   task of processing the proposals from prospective
    analisis dan review risiko calon debitur di segmen               debtors, while the analysis and risk review of
    Korporasi dan Menengah dilakukan oleh fungsi                     prospective debtors in the Corporate and Middle
    Credit Risk Manager yang berada di bawah Unit                    segment are performed by Credit Risk Manager
    Risiko.                                                          who is under the Risk Unit.

    Penerapan four eyes principles dalam proses                      The application of four eyes principles in the
    perkreditan di BNI diimplementasikan dalam proses                lending process at BNI is implemented in the credit
    persetujuan kredit yang dilakukan melalui Komite                 approval process through Credit Committees, that
    Kredit, yaitu forum bersama pejabat pemutus kredit               is a forum of credit decision makers who have the
    yang mempunyai wewenang memutus kredit yang                      authority to approve the credit in accordance with
    diusulkan sesuai dengan limit yang ditetapkan.                   the specified limit. The members of the Credit
    Anggota Komite Kredit terdiri dari pejabat unit                  Committee consist of business unit officers and
    bisnis dan unit risiko bisnis. Dengan demikian                   business risk unit officers. Thus the process of
    proses      pemberian     kredit  menjadi    lebih               granting credit becomes more comprehensive and
    komprehensif dan hati-hati.                                      prudent.

    Unit bisnis dan unit risiko bisnis berperan sebagai              Business units and business risk units act as first
    first line of defense (risk owner) yang bertugas                 line of defense (risk owner) in charge of managing
    mengelola dan mengendalikan risiko kredit pada                   and controlling credit risk in daily operations of the
    kegiatan operasional harian unit tersebut.                       unit.

    Proses analisis dan persetujuan kredit dilakukan                 Loan analysis and approval process is conducted
    melalui serangkaian proses penilaian tingkat risiko              through several assessment processes of the
    kredit calon debitur, yang diantaranya dengan                    applicant’s credit risks, i.e. through internal rating
    menggunakan internal rating system (untuk kredit                 system (for productive loans) and credit scoring on
    produktif) dan credit scoring pada decision engine               the iDEAS decision engine which has been
    iDEAS yang telah terintegrasi dengan Loan                        integrated with Loan Origination System (for
    Origination System (untuk kredit konsumtif dan                   consumer loans and productive retail loans up to
    kredit produktif segmen ritel sampai dengan Rp5                  IDR 5 Million), followed by the related risk
    Miliar) , sekaligus juga strategi mitigasi risikonya.            mitigation strategy. The results of the credit
    Hasil proses analisis dan penilaian tingkat risiko               analysis and risk assessment process will be
    kredit kemudian diajukan kepada Komite Kredit                    forwarded to the Credit Committee for approval.
    untuk mendapatkan persetujuan.




                                                    Halaman - 238 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1363
Page 777
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       49. RISIKO KREDIT (lanjutan)                                        49. CREDIT RISK (continued)

            Kredit yang bermasalah dikelola oleh Divisi                         Non-performing loan is managed by Corporate
            Corporate Remedial & Recovery untuk segmen                          Remedial & Recovery Division for corporate
            Korporasi, Divisi Enterprise & Commercial                           segment, Enterprise & Commercial Remedial &
            Remedial & Recovery untuk segmen Enterprise,                        Recovery Division for Enterprise, Commercial &
            Komersial dan Ritel produktif serta Divisi Retail                   productive Retail and Retail Collection & Recovery
            Collection & Recovery untuk segmen Konsumer                         Division for Consumer and Program segment , to
            dan Program, agar penyelamatan/ penyelesaian                        ensure better credit recovery and settlement, and
            kredit dapat dilakukan secara lebih baik dan                        to enable the Business Unit to focus on the
            memampukan Unit Usaha untuk dapat fokus pada                        management of performing debtors and loan
            pengelolaan debitur lancar dan melakukan                            expansion.
            ekspansi kredit.

            Untuk menjaga agar portofolio Bank tidak                            To prevent the Bank portfolio from being
            terkonsentrasi pada debitur dan sektor ekonomi                      concentrated to certain debtors and economic
            tertentu, maka telah ditetapkan pembatasan kredit                   sectors, credit restrictions have been set according
            sesuai     risk   appetite,   sedangkan    untuk                    to the risk appetite, while to anticipate exceeding
            mengantisipasi pelampauan BMPK BNI telah                            the Legal Lending Limit, BNI has set limits on the
            menetapkan limit BMPK yang disebut house limit                      Maximum Limit of Credit License called House
            dengan batas yang lebih prudent dibandingkan limit                  Limit with a more prudent limit than the limit of
            BMPK sesuai ketentuan regulator.                                    Maximum Credit Granting in accordance with the
                                                                                provisions of the regulator.

            Untuk mengatur komposisi portofolio pinjaman BNI,                   To manage the composition of BNI loan portfolio,
            setiap tahun sekali ditetapkan batas maksimum                       the loan exposure limit is determined annually to
            pinjaman (Loan Exposure Limit) yang bertujuan                       diversify loan portfolio among different industry
            untuk mendiversifikasi         portofolio pinjaman                  sectors and industry sub sector in order to optimize
            berdasarkan sektor industri dan sub sektor industri                 return regarding risk in each sector and to reduce
            untuk mengoptimalkan pendapatan dengan                              concentration risk. In the determination of optimal
            mempertimbangkan risiko di masing-masing sektor                     concentration in industry sectors, the Bank has
            industri serta mengurangi risiko konsentrasi. Dalam                 developed a method of Credit Portfolio
            penentuan konsentrasi tiap sektor industri yang                     Optimisation (CPO) by calculating the correlation of
            optimal, Bank mengembangkan metode Credit                           risk return from each industry sectors. Furthermore,
            Portfolio      Optimisation      (CPO)      dengan                  the Bank monitors the status of the space available
            memperhitungkan korelasi risk-return dari tiap                      based on Loan Exposure Limit (LEL) periodically.
            sektor industri. Selanjutnya Bank memonitor status
            kelonggaran ekspansi pinjaman (space available)
            secara periodik berdasarkan Loan Exposure Limit
            (LEL).

            Pengembangan manajemen risiko kredit dilakukan                      The development of credit risk management is
            secara bertahap sesuai dengan kerangka kerja                        conducted in stages, and in line with the framework
            yang ditetapkan Otoritas Jasa Keuangan. Sejak                       set by. As 1 January 2023 BNI has implemented
            1 Januari 2023 BNI telah mengimplementasikan                        the calculation of Credit Risk Weighted Assets
            perhitungan   ATMR     Risiko    Kredit dengan                      using the standard approach according to SEOJK
            pendekatan      Standar       sesuai    SEOJK                       No.24/ SEOJK.03/ 2021 concerning Calculation of
            No.24/SEOJK.03/2021 tentang Perhitungan Aset                        Risk Weighted Assets for Credit Risk Using a
            Tertimbang Menurut Risiko Untuk Risiko Kredit                       Standard Approach for Commercial Banks
            Dengan Menggunakan Pendekatan Standar Bagi                          (unaudited).
            Bank Umum (tidak diaudit).

            Sebagai bagian dari pengukuran risiko kredit dan                    As part of the measurement of credit risk and to
            untuk mengantisipasi terjadinya perubahan faktor                    anticipate the occurrence of macro-factors changes
            makro yang berpengaruh pada Bank, BNI secara                        affecting the Bank, BNI periodically performs stress
            berkala melakukan stress testing risiko kredit untuk                testing of credit risk to assess changes in loan
            menilai   perubahan     portofolio    kredit    dan                 portfolio and its impact to the Bank and the Bank’s
            pengaruhnya bagi Bank serta kemampuan Bank                          ability to face such condition.
            menghadapi kondisi tersebut.




                                                           Halaman - 239 - Page
1364   Menduniakan Bisnis Indonesia
Page 778
     Permodalan & Praktik                 Tata Kelola     Tanggung Jawab
                                                PT BANK NEGARA           Sosial
                                                                    INDONESIA       Komitmen Tbk
                                                                                (PERSERO)                                                     Laporan
      Manajemen Risiko                    Perusahaan         dan Lingkungan           ESG                                                    Keuangan
                                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                      31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                         (Expressed in millions of Rupiah, unless otherwise stated)

49. RISIKO KREDIT (lanjutan)                                                                    49. CREDIT RISK (continued)

    (i)   Eksposur maksimum risiko kredit.                                                          (i)        Maximum exposure of the credit risk.

          Eksposur risiko kredit terhadap aset-bersih                                                          Credit risk exposures relating to the assets-net
          sesudah cadangan kerugian penurunan nilai                                                            of allowance for impairment losses on the
          pada laporan posisi keuangan konsolidasian                                                           consolidated statement of financial position as
          pada tanggal-tanggal 31 Desember 2023 dan                                                            of 31 December 2023 and 2022 are as
          2022 adalah sebagai berikut:                                                                         follows:

                                                                             Eksposur maksimum/
                                                                              Maximum exposure
                            Keterangan                                    2023                       2022                                       Description

          Giro pada Bank Indonesia                                         65,256,432                 82,921,989                 Current accounts with Bank Indonesia
          Giro pada bank lain                                              35,022,762                 15,921,868                    Current accounts with other banks
          Penempatan pada bank lain dan                                                                                                   Placements with other banks
            Bank Indonesia                                                 43,794,166                 51,569,316                                 and Bank Indonesia
          Efek-efek                                                                                                                                Marketable securities
            - Nilai wajar melalui laporan laba rugi                          8,281,822                    7,175,874               Fair value through profit or loss -
            - Nilai wajar melalui penghasilan                                                                                              Fair value through other -
               komprehensif lain                                           28,517,114                 20,898,262                          comprehensive income
            - Biaya perolehan diamortisasi                                    361,374                    475,837                                    Amortized cost -
          Efek-efek yang dibeli                                                                                                            Securities purchased under
            dengan janji dijual kembali                                   13,951,344                 16,631,271                                   agreement to resell
          Wesel ekspor dan tagihan lainnya                                18,998,994                 20,729,220                              Bills and other receivables
          Tagihan akseptasi                                               17,091,194                 18,911,843                                 Acceptance receivables
          Pinjaman yang diberikan                                        647,926,638                595,854,325                                                    Loans
          Obligasi Pemerintah                                                                                                                        Government Bonds
            - Nilai wajar melalui laba rugi                                  4,187,772                    1,775,053                Fair value through profit or loss -
            - Nilai wajar melalui penghasilan                                                                                             Fair value through other -
               komprehensif lain                                           86,547,352                 82,325,853                            comprehensive income
            - Biaya perolehan diamortisasi                                 36,361,761                 37,187,627                                    Amortized cost -
          Aset lain-lain - bersih*)                                        11,044,503                 10,645,624                                     Other assets - net*)

                                                                       1,017,343,228                963,023,962

          *)    Aset lain-lain - bersih terdiri dari piutang bunga, piutang terkait transaksi             *)      Other assets - net consist of interest receivables, receivables
                ATM dan kartu kredit, piutang lain-lain dan piutang nasabah - Entitas                             from transactions related to ATM and credit card, other
                anak.                                                                                             receivables and receivables from customers - Subsidiary.


          Eksposur risiko kredit terhadap rekening                                                         Credit risk exposures relating to consolidated
          administratif konsolidasian pada tanggal-                                                        administrative   accounts     ítems   as    of
          tanggal 31 Desember 2023 dan 2022 adalah                                                         31 December 2023 and 2022 are as follows:
          sebagai berikut:

                                                                             Eksposur maksimum/
                                                                              Maximum exposure
                            Keterangan                                    2023                       2022                                       Description

          Fasilitas kredit kepada debitur
             yang belum digunakan                                          55,883,261                 57,335,014                                     Unused loan facilities
          Irrevocable letters of credit yang                                                                                                       Outstanding irrevocable
             masih berjalan                                                16,854,306                 16,074,195                                         letters of credit
          Garansi yang diterbitkan                                         66,777,131                 63,108,968                                       Guarantees issued

                                                                          139,514,698               136,518,177




                                                                        Halaman - 240 - Page
                                                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk       1365
Page 779
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       49. RISIKO KREDIT (lanjutan)                                         49. CREDIT RISK (continued)

            (i)   Eksposur maksimum risiko kredit (lanjutan)                     (i)   Maximum exposure         of   the      credit    risk
                                                                                       (continued)

                  Tabel di atas menggambarkan eksposur                                 The table above represents credit risk
                  maksimum atas risiko kredit bagi Grup pada                           exposures of the Group as of 31 December
                  tanggal 31 Desember 2023 dan 2022. Untuk                             2023 and 2022. For assets on the
                  aset    pada    laporan    posisi   keuangan                         consolidated statement of financial position,
                  konsolidasian, eksposur di atas ditentukan                           the exposures set out above are based on net
                  berdasarkan nilai tercatat bersih seperti yang                       carrying value as reported in the consolidated
                  diungkapkan pada laporan posisi keuangan                             statement of financial position.
                  konsolidasian.

                  Pada tanggal 31 Desember 2023 dan                                    As of 31 December 2023 and 2022, the total
                  2022, masing-masing sebesar 63,65% dan                               maximum credit risk exposure toward asset in
                  61,87% adalah jumlah eksposur risiko kredit                          the     consolidated statement of financial
                  maksimum terhadap aset pada laporan posisi                           position from loans is 63.65% and 61.87%,
                  keuangan konsolidasian yang berasal dari                             respectively.
                  pinjaman yang diberikan.

                  Manajemen yakin akan kemampuan Bank                                  Management is confident in its ability to control
                  untuk    mengendalikan     dan    memelihara                         and sustain exposure of credit risk to the Bank
                  eksposur risiko kredit yang berasal dari kredit                      resulting from its loans based on the following:
                  yang diberikan, berdasarkan hal-hal sebagai
                  berikut:

                  •   Proses peningkatan pengelolaan kredit                            •   The process of improving credit
                      secara         berkelanjutan        melalui                          management in a sustainable manner by
                      penyempurnaan end to end credit                                      improving end to end credit process,
                      process,       pengembangan          produk                          product development credit organization
                      penyempurnaan organisasi perkreditan,                                improvement,         credit        capability
                      peningkatan kemampuan SDM di bidang                                  improvement of human resources and
                      perkreditan       dan      pengembangan                              development of technology based for
                      perangkat kredit berbasis teknologi.                                 credit application.
                  •   BNI telah memiliki pedoman tertulis                              •   BNI has documented credit policies and
                      mengenai kebijakan dan proses kredit                                 manual procedures that cover all aspects
                      yang mencakup seluruh aspek pemberian                                of the Bank’s lending activities. Each loan
                      kredit yang dilakukan. Setiap pemberian                              transaction     must    adhere      to   the
                      kredit harus senantiasa mengacu pada                                 requirements of the Bank’s policy.
                      kebijakan tersebut.
                  •   BNI telah menetapkan risk appetite dan                           •   BNI has set risk appetite and risk
                      risk tolerance yang selaras dengan                                   tolerance in accordance with the Bank’s
                      sasaran strategis Bank, yang digunakan                               strategic objectives, which are used as a
                      sebagai acuan tingkat risiko yang akan                               reference level of risk to be taken by the
                      diambil Bank dalam pencapaian sasaran                                Bank in achieving business goals.
                      bisnis.
                  •   BNI telah melakukan stress test risiko                           •   BNI has performed stress test on credit
                      kredit untuk menilai kemampuan Bank                                  risk to assess the ability of the Bank to
                      bertahan dalam kondisi tidak normal serta                            stay in the abnormal condition and as an
                      sebagai      alat   untuk     pengambilan                            instrument for decision making for the
                      keputusan Bank.                                                      Bank.
                  •   BNI telah memiliki sistem deteksi dini                           •   BNI has an early problem detection
                      permasalahan melalui ”early warning                                  system through “early warning system”
                      system” dan pemantauan yang disiplin.                                and disciplined monitoring.
                  •   Seluruh kredit diberikan dengan agunan                           •   All loans are secured by collaterals,
                      kecuali untuk jenis kredit tertentu seperti                          except for certain loans such as credit
                      kartu kredit, personal loans dan fasilitas                           cards, personal loans and interbank loans.
                      antar bank.




                                                           Halaman - 241 - Page
1366   Menduniakan Bisnis Indonesia
Page 780
     Permodalan & Praktik         Tata Kelola     Tanggung Jawab
                                        PT BANK NEGARA           Sosial
                                                            INDONESIA       Komitmen Tbk
                                                                        (PERSERO)                            Laporan
      Manajemen Risiko            Perusahaan         dan Lingkungan           ESG                           Keuangan
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                      31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

49. RISIKO KREDIT (lanjutan)                                         49. CREDIT RISK (continued)

    (ii) Analisa eksposur maksimum terhadap risiko                         (ii) Analysis of maximum exposure to credit risk
         kredit setelah memperhitungkan dampak                                  after taking into account the impact of
         agunan dan mitigasi risiko kredit lainnya                              collateral and other credit risk mitigation

         BNI menentukan struktur kredit termasuk                                BNI sets loan structure for every debtor
         penentuan covenant yang tepat sesuai                                   through appropriate covenants that aligns with
         kebutuhan dan kondisi debitur, sehingga kredit                         debtor needs and condition. This is to ensure
         yang diberikan benar-benar efektif dan                                 the debtor uses the loan according to its
         menguntungkan bagi debitur maupun Bank.                                original purpose so that the Bank and the
         Jenis agunan yang yang dimiliki oleh Bank                              debtor’s interests are fulfilled. Collateral types
         adalah kas, deposito, agunan yang diikat                               held by the Bank are cash, deposits, registered
         dengan hipotik dan hak tanggungan, garansi/                            mortgages, guarantees and other registered
         penjaminan pihak ketiga (termasuk penjaminan                           securities over assets. Estimates of fair value
         kredit oleh perusahaan asuransi) serta jaminan                         of collaterals held by the Bank is based on the
         dalam bentuk aset lainnya. Perkiraan nilai                             value of collaterals assessed internally or
         wajar dari agunan yang digunakan oleh Bank                             externally by the independent appraisers.
         didasarkan pada nilai agunan yang dinilai oleh
         penilai internal maupun eksternal.

         Ketentuan coverage atau kecukupan agunan                               The collateral coverage criteria for each
         untuk tiap segmen ditentukan sebagai berikut:                          segment is divided as follows: (unaudited)
         (tidak diaudit)

                                                                                              Jumlah Coverage Minimal /
              Segmen/Segment                     Jenis Agunan/Collateral
                                                                                              Minimum Coverage Amount
                                    Aset tetap/Fixed Asset
                                    Kas/Cash
                                    Standby letter of credit (“SBLC”)
                   Korporasi/       Tanah dan Bangunan/Land and Building                    100% dari limit kredit/from credit
                   Wholesale        Piutang/Receivable                                                    limit
                                    Kendaraan/Vehicle
                                    Agunan lain yang diterima oleh Bank/Other
                                    collaterals held by the Bank
                                    Aset tetap/Fixed Asset
                                    Kas/Cash
                                    SBLC
                   Menengah/        Tanah dan Bangunan/Land and Building                    125% dari limit kredit/from credit
                    Middle          Piutang/Receivable                                                    limit
                                    Kendaraan/Vehicle
                                    Agunan lain yang diterima oleh Bank/Other
                                    collaterals held by the Bank
                                    Aset tetap/Fixed Asset
                                                                                            110% dari limit kredit/from credit
                   Kecil/Retail     Kas/Cash
                                                                                                          limit
                                    SBLC


         Nilai tercatat dari aset keuangan bank selain                          The carrying amounts of financial assets other
         kredit yang diberikan dan efek-efek yang dibeli                        than bank loans and securities purchased
         dengan janji dijual kembali pada umumnya                               under agreements to resell is generally equal
         menggambarkan eksposur maksimum atas                                   to the maximum exposure of credit risk.
         risiko kredit.




                                                     Halaman - 242 - Page
                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1367
Page 781
       Performa                              Laporan                            Profil
                                                                   PT BANK NEGARA                   Analisa dan Pembahasan
                                                                                        INDONESIA (PERSERO)        Tbk                                                                         Fungsi
         2023                               Manajemen                        Perusahaan           Manajemen atas Kinerja Bank                                                              Penunjang Bisnis
                                                                      DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                                                         NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                                              FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                                              31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                          (Expressed in millions of Rupiah, unless otherwise stated)

       49. RISIKO KREDIT (lanjutan)                                                                                     49. CREDIT RISK (continued)

            (ii) Analisa eksposur maksimum terhadap risiko                                                                    (ii) Analysis of maximum exposure to credit risk
                 kredit setelah memperhitungkan dampak                                                                             after taking into account the impact of
                 agunan dan mitigasi risiko kredit lainnya                                                                         collateral and other credit risk mitigation.
                 (lanjutan)                                                                                                        (continued)

                  Tabel di bawah ini menunjukkan eksposur                                                                                The table below shows the net maximum
                  maksimum bersih atas risiko kredit untuk efek-                                                                         exposure to credit risk on securities purchased
                  efek yang dibeli dengan janji dijual kembali                                                                           under agreements to resell on 31 December
                  pada tanggal-tanggal 31 Desember 2023 dan                                                                              2023 and 2022:
                  2022:

                                                                                                                 2023
                                                                                   Eksposur
                                                                                  maksimum/                     Agunan/                Eksposur Bersih/
                                                                                   Maximum                      Collateral              Net Exposure
                                     Keterangan                                    exposure                                                                                              Description

                  Efek-efek yang dibeli dengan janji                                                                                                                 Securities purchased under agreements
                     dijual kembali                                                      13,951,344               14,102,758                        (151,414)                                    to resell

                                                                                                                 2022
                                                                                   Eksposur
                                                                                  maksimum/                     Agunan/                  Eksposur Neto/
                                                                                  Maximum                       Collateral                Net Exposure
                                     Keterangan                                    exposure                                                                                              Description

                  Efek-efek yang dibeli dengan janji                                                                                                                 Securities purchased under agreements
                     dijual kembali                                                      16,631,271               17,195,189                        (563,918)                                    to resell

            (iii) Informasi kualitas kredit atas aset keuangan                                                                (iii) The information on the credit quality of
                  per tanggal 31 Desember 2023 dan 2022                                                                             financial assets as of 31 December 2023 and
                  sebagai berikut:                                                                                                  2022 are as follows:

                                                                                                                  2023
                                                      Belum jatuh tempo atau tidak mengalami penurunan nilai/                            Jatuh tempo
                                                                    Neither past due nor impaired                                          dan tidak
                                                                                                                                          mengalami
                                                                                                                                          penurunan
                                                                                                                                             nilai/  Mengalami
                                                                                                                                           Past-due  penurunan
                                                   Grup 1/           Grup 2/            Grup 3/           Grup 4/        Grup 5/            but not     nilai/
                                                   Group 1           Group 2            Group 3           Group 4        Group 5           impaired   Impaired                   Total

                  Giro pada                                                                                                                                                                      Current accounts with
                   Bank Indonesia                              -     65,256,432                     -               -              -                   -                 -     65,256,432            Bank Indonesia
                                                                                                                                                                                                 Current accounts with
                  Giro pada bank lain                -               35,022,769                     -               -              -                   -                 -     35,022,769                other banks
                  Penempatan pada                                                                                                                                                                     Placements with
                   bank lain dan                                                                                                                                                                    other banks and
                   Bank Indonesia           40,378,216                3,416,048                     -               -              -                   -              -        43,794,264            Bank Indonesia
                  Efek-efek                  9,458,882               27,706,008                     -               -              -                   -        242,790        37,407,680        Marketable securities
                  Efek-efek yang dibeli                                                                                                                                                          Securities purchased
                   dengan janji                                                                                                                                                                   under agreements
                   dijual kembali            8,770,692                5,180,652                     -               -              -                   -                 -     13,951,344                     to resell
                  Wesel ekspor dan                                                                                                                                                                      Bills and other
                   tagihan lainnya           5,656,544               13,620,951                  -                  -           -                      -                 -     19,277,495                receivables
                  Tagihan akseptasi            133,917               15,598,617            251,132                  -   1,585,009                      -                 -     17,568,675      Acceptance receivables
                  Pinjaman yang diberikan                                                                                                                                                                         Loans
                   Modal kerja              18,408,118              270,735,291          7,445,718           67,725 26,475,606             21,084,484         8,669,019       352,885,961            Working capital
                   Investasi                 5,306,583               90,546,012          3,977,560           37,227  9,524,570              4,252,563         3,970,994       117,615,509                 Investment
                   Konsumen                 13,541,275               92,995,563          9,237,358          364,107  2,543,918              2,553,524         2,081,269       123,317,014                  Consumer
                   Sindikasi                 1,842,840               85,184,057          2,855,292                -  1,702,494              5,995,634            19,846        97,600,163                 Syndicated
                    Karyawan                     3,380                3,364,755            150,610            4,973      2,046                 14,555            94,423         3,634,742                  Employee
                    Program Pemerintah               -                   31,380                  -                -           -                     -                 -            31,380      Government programs
                  Obligasi Pemerintah        9,572,999              117,527,370                  -                -            -                    -                 -       127,100,369          Government Bonds
                  Aset lain-lain – bersih*)          -               11,701,003                  -                -           -                     -                 -        11,701,003         Other assets – net*)

                  Total                         113,073,446         837,886,908        23,917,670           474,032 41,833,643             33,900,760        15,078,341 1,066,164,800                            Total

                  Cadangan kerugian                                                                                                                                                                       Allowance for
                   penurunan nilai                                                                                                                                             (48,158,663)         impairment losses

                  Bersih                                                                                                                                                     1,018,006,137                         Net

                  *)       Aset lain-lain - bersih terdiri dari piutang bunga, piutang terkait transaksi ATM,                *)        Other assets – net consist of interest receivables, receivables from
                           piutang lain-lain dan kartu kredit dan piutang nasabah - Entitas anak.                                      transactions related to ATM and credit card, other receivables and
                                                                                                                                       receivables from customers - Subsidiary.




                                                                                            Halaman - 243 - Page
1368   Menduniakan Bisnis Indonesia
Page 782
     Permodalan & Praktik                            Tata Kelola     Tanggung Jawab
                                                           PT BANK NEGARA           Sosial
                                                                               INDONESIA       Komitmen Tbk
                                                                                           (PERSERO)                                                                        Laporan
      Manajemen Risiko                               Perusahaan         dan Lingkungan           ESG                                                                       Keuangan
                                                                   DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                                                  31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                (Expressed in millions of Rupiah, unless otherwise stated)

49. RISIKO KREDIT (lanjutan)                                                                                           49. CREDIT RISK (continued)

    (iii) Informasi kualitas kredit atas aset keuangan                                                                      (iii) The information on the credit quality of
          per tanggal 31 Desember 2023 dan                                                                                        financial assets as of 31 December 2023 and
          2022 sebagai berikut: (lanjutan)                                                                                        2022 are as follows: (continued)
                                                                                                                   2022
                                                  Belum jatuh tempo atau tidak mengalami penurunan nilai/                              Jatuh tempo
                                                                Neither past due nor impaired                                            dan tidak
                                                                                                                                        mengalami
                                                                                                                                        penurunan
                                                                                                                                           nilai/  Mengalami
                                                                                                                                         Past-due  penurunan
                                               Grup 1/           Grup 2/            Grup 3/           Grup 4/           Grup 5/           but not     nilai/
                                               Group 1           Group 2            Group 3           Group 4           Group 5          impaired   Impaired                Total

             Giro pada                                                                                                                                                                     Current accounts with
              Bank Indonesia                               -    82,921,989                      -                  -              -                  -               -    82,921,989           Bank Indonesia
                                                                                                                                                                                           Current accounts with
         Giro pada bank lain                -                   15,921,876                      -                  -              -                  -               -    15,921,876               other banks
         Penempatan pada                                                                                                                                                                        Placements with
          bank lain dan                                                                                                                                                                       other banks and
          Bank Indonesia           50,015,596                    1,553,746                      -                  -              -                  -             -      51,569,342           Bank Indonesia
         Efek-efek                  9,871,458                   18,397,140                      -                  -              -                  -       534,153      28,802,751       Marketable securities
         Efek-efek yang dibeli                                                                                                                                                             Securities purchased
          dengan janji                                                                                                                                                                      under agreements
          dijual kembali           11,395,272                     5,235,999                     -                  -              -                  -               -    16,631,271                    to resell
         Wesel ekspor dan                                                                                                                                                                         Bills and other
          tagihan lainnya           7,323,699                   13,524,984                   -                     -            -                  -           53,446     20,902,129               receivables
         Tagihan akseptasi            663,063                   17,291,991             172,967                     -    1,333,541            552,666                -     20,014,228     Acceptance receivables
         Pinjaman yang diberikan                                                                                                                                                                            Loans
          Modal kerja              28,008,133                  250,844,585         10,750,406           55,800 37,311,407                  10,352,700     13,301,089     350,624,120           Working capital
          Investasi                 6,714,587                   99,751,538          6,303,768           19,538 16,215,772                   5,093,008      2,961,292     137,059,503                Investment
          Konsumen                 10,384,491                   78,136,619          9,542,405          334,943  4,114,200                   1,867,857      1,824,120     106,204,635                 Consumer
          Sindikasi                         -                   37,663,644            145,600                -  4,807,610                   5,462,239              -      48,079,093                Syndicated
           Karyawan                    58,809                    3,704,985            269,840            3,651     19,662                      19,442         74,997       4,151,386                 Employee
           Program Pemerintah               -                       69,576                  -                -           -                          -              -          69,576     Government programs
         Obligasi Pemerintah        4,516,411                  116,775,847                  -                -          -                           -              -     121,292,258         Government Bonds
         Aset lain-lain – bersih*)          -                   10,645,624                  -                -           -                          -              -      10,645,624        Other assets – net*)

             Total                          128,951,519        752,440,143         27,184,986          413,932         63,802,192          23,347,912     18,749,097 1,014,889,781                           Total

             Cadangan kerugian                                                                                                                                                                      Allowance for
              penurunan nilai                                                                                                                                            (51,857,375)         impairment losses

             Bersih                                                                                                                                                      963,032,406                           Net



        *)           Aset lain-lain – bersih terdiri dari piutang bunga, piutang terkait transaksi ATM dan kartu                      *)     Other assets – net consist of interest receivables, receivables from
                     kredit dan piutang lain-lain.                                                                                           transactions related to ATM and credit card and other receivables.


             Pengelompokkan kualitas kredit atas aset                                                                                 The credit quality classifications of financial
             keuangan berdasarkan kebijakan internal Grup                                                                             assets based on the Group's internal policies
             adalah sebagai berikut:                                                                                                  are as follows:

             -   Grup 1 : Debitur baru (kurang dari 6 bulan).                                                                         -      Group 1 : New customers (less than 6
                                                                                                                                             months).

             -   Grup 2 : Nasabah lama yang tidak memiliki                                                                            -      Group 2 : Existing customers with                                no
                 historis pernah menunggak dalam 3 tahun                                                                                     history of overdue for the past 3 years.
                 terakhir.

         -       Grup 3 : Nasabah lama yang memiliki                                                                                  -      Group 3 : Existing customers with history
                 historis pernah menunggak (dibawah                                                                                          of overdue below 90 days in the past
                 90 hari) dalam 3 tahun terakhir.                                                                                            3 years.

             -   Grup 4 : Nasabah lama yang memiliki                                                                                  -      Group 4 : Existing customers with history
                 historis pernah menunggak diatas 90 hari                                                                                    of default more than 90 days in the past
                 dalam 3 tahun terakhir.                                                                                                     3 years.

             -   Grup 5 : Nasabah lama yang pinjamannya                                                                               -      Group 5 : Existing customers with loans
                 pernah/telah direstrukturisasi.                                                                                             that was/has been restructured.




                                                                                        Halaman - 244 - Page
                                                                                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk             1369
Page 783
       Performa                   Laporan                   Profil
                                               PT BANK NEGARA                   Analisa dan Pembahasan
                                                                    INDONESIA (PERSERO)        Tbk                              Fungsi
         2023                    Manajemen               Perusahaan           Manajemen atas Kinerja Bank                   Penunjang Bisnis
                                                  DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                           31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                       (Expressed in millions of Rupiah, unless otherwise stated)

       49. RISIKO KREDIT (lanjutan)                                               49. CREDIT RISK (continued)

            (iv) Analisis umur pinjaman yang jatuh tempo                                 (iv) The aging analysis of past due but not
                 tetapi tidak mengalami penurunan nilai pada                                  impaired loans as 31 December 2023 and
                 tanggal 31 Desember 2023 dan 2022:                                           2022:
                                                                               2023
                                             Kurang dari                              Lebih dari
                                               30 hari/        31 sampai               60 hari/
                                              Less than          60 hari/             More than
                                               30 days        31 to 60 days            60 days             Total

                  Modal kerja                      754,109           505,625             19,824,750        21,084,484                Working capital
                  Investasi                         41,080            40,932              4,170,551         4,252,563                   Investment
                  Konsumen                          35,764           546,984              1,970,776         2,553,524                    Consumer
                  Sindikasi                              -                 -              5,995,634         5,995,634                   Syndicated
                  Karyawan                             127                 4                 14,424            14,555                    Employee

                  Total                            831,080         1,093,545             31,976,135        33,900,760                         Total
                  Cadangan kerugian                                                                                                   Allowance for
                    penurunan nilai               (432,039)         (220,420)           (20,884,338)      (21,536,797)         impairment losses

                  Bersih                           399,041           873,125             11,091,797        12,363,963                           Net



                                                                               2022
                                             Kurang dari                              Lebih dari
                                               30 hari/        31 sampai               60 hari/
                                              Less than          60 hari/             More than
                                               30 days        31 to 60 days            60 days             Total

                  Modal kerja                      295,126         1,073,591              8,983,983        10,352,700                Working capital
                  Investasi                         47,336            10,359              5,035,313         5,093,008                   Investment
                  Konsumen                         405,762             8,263              1,453,832         1,867,857                    Consumer
                  Sindikasi                              -                 -              5,462,239         5,462,239                   Syndicated
                  Karyawan                             181                 1                 19,260            19,442                    Employee

                  Total                            748,405         1,092,214             20,954,627        22,795,246                         Total
                  Cadangan kerugian                                                                                                   Allowance for
                    penurunan nilai               (159,441)         (551,700)           (14,390,531)      (15,101,672)         impairment losses

                  Bersih                           588,964           540,514              6,564,096         7,693,574                           Net



            (v) Konsentrasi     risiko   aset       keuangan                             (v) Concentration of risks of consolidated financial
                konsolidasian dengan eksposur risiko kredit                                  assets with credit risk exposure

                  Tabel      berikut    menggambarkan      rincian                            The following table provides details of the
                  eksposur kredit Grup pada nilai tercatat (tanpa                             Group’s credit exposures at their carrying
                  memperhitungkan agunan atau pendukung                                       amounts (without taking into account any
                  kredit      lainnya),    yang    dikategorikan                              collateral held or other credit support), as
                  berdasarkan area geografis pada tanggal-                                    categorized by geographical region as of
                  tanggal 31 Desember 2023 dan 2022. Untuk                                    31 December 2023 and 2022. For this table,
                  tabel ini, Grup telah mengalokasikan eksposur                               the Group has allocated exposures to the
                  area berdasarkan wilayah geografis tempat                                   regions based on the geographical area where
                  mereka beroperasi.                                                          activities are undertaken.




                                                              Halaman - 245 - Page
1370   Menduniakan Bisnis Indonesia
Page 784
      Permodalan & Praktik                   Tata Kelola     Tanggung Jawab
                                                   PT BANK NEGARA           Sosial
                                                                       INDONESIA       Komitmen Tbk
                                                                                   (PERSERO)                                                              Laporan
       Manajemen Risiko                      Perusahaan         dan Lingkungan           ESG                                                             Keuangan
                                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                            (Expressed in millions of Rupiah, unless otherwise stated)

49. RISIKO KREDIT (lanjutan)                                                                    49. CREDIT RISK (continued)

    (v) Konsentrasi     risiko  aset     keuangan                                                        (v) Concentration of risks of consolidated financial
        konsolidasian dengan eksposur risiko kredit                                                          assets with credit risk exposure (continued).
        (lanjutan).
                                                                                      2023

                                    Jawa &                                                          Indonesia Timur/         Lain-lain *)/
                                     Bali           Sumatera       Kalimantan        Sulawesi        East Indonesia           Others *)          Total

                                                                                                                                                                        Current accounts with
    Giro pada Bank Indonesia         64,306,677                -                -               -                    -             949,755      65,256,432                 Bank Indonesia
                                                                                                                                                                        Current accounts with
    Giro pada bank lain               15,013,952               5             12                 6                        6      20,008,788      35,022,769                      other banks
    Penempatan pada bank lain                                                                                                                                    Placements with other banks
        dan Bank Indonesia            40,360,778               -                -               -                    -           3,433,486      43,794,264             and Bank Indonesia
    Efek-efek                                                                                                                                                           Marketable securities
        Nilai wajar melalui                                                                                                                                              Fair value through
            laba rugi                  2,625,120               -                -               -                    -           5,656,702       8,281,822                 profit or loss
        Nilai wajar melalui                                                                                                                                              Fair value through
            penghasilan                                                                                                                                           other comprehensive
            komprehesif lain          22,972,680               -                -               -                    -           5,548,863      28,521,543                       income
        Biaya perolehan diamortisasi     542,790               -                -               -                    -              61,525         604,315                  Amortized cost
    Efek-efek yang dibeli dengan                                                                                                                                  Securities purchased under
        janji dijual kembali           9,651,897               -                -               -                    -           4,299,447      13,951,344            agreements to resell
    Wesel ekspor dan tagihan
        lainnya                       18,150,430        150,944          54,792          12,906                   -                908,423      19,277,495            Bill and other receivables
    Tagihan akseptasi                 16,737,263        167,267           2,380         287,950                 227                373,588      17,568,675             Acceptance receivables
    Pinjaman yang diberikan          506,284,830     56,532,718      28,431,932      31,610,823           7,869,246             64,355,220     695,084,769                                  Loans
    Obligasi pemerintah                                                                                                                                                      Government Bonds
        Nilai wajar melalui                                                                                                                                                Fair value through
            laba rugi                  2,086,261               -                -               -                    -           2,101,511       4,187,772                   profit or loss
        Nilai wajar melalui                                                                                                                                                Fair value through
            penghasilan                                                                                                                                             other comprehensive
            komprehensif lain         68,781,674              -               -               -                   -             17,767,658      86,549,332                         income
        Biaya perolehan diamortisasi 16,335,373               -               -               -                   -             20,027,892      36,363,265                    Amortized cost
    Aset lain-lain - bersih**)         9,514,266        413,927          38,414         386,724              10,971              1,336,701      11,701,003                  Other assets - net**)

    Total                           793,363,991      57,264,861      28,527,530      32,298,409           7,880,450            146,829,558    1,066,164,800                                Total

    Cadangan kerugian                                                                                                                                                            Allowance for
       penurunan nilai                                                                                                                         (48,158,663)               impairment losses

    Neto                                                                                                                                      1,018,006,137                                  Net



                                                                                      2022

                                    Jawa &                                                          Indonesia Timur/         Lain-lain *)/
                                     Bali           Sumatera       Kalimantan        Sulawesi        East Indonesia           Others *)          Total

                                                                                                                                                                        Current accounts with
    Giro pada Bank Indonesia         81,932,466                -                -               -                    -             989,523      82,921,989                 Bank Indonesia
                                                                                                                                                                        Current accounts with
    Giro pada bank lain                6,638,753               4             12                 6                        6       9,283,095      15,921,876                      other banks
    Penempatan pada bank lain                                                                                                                                    Placements with other banks
        dan Bank Indonesia            49,372,093               -                -               -                    -           2,197,249      51,569,342             and Bank Indonesia
    Efek-efek                                                                                                                                                           Marketable securities
        Nilai wajar melalui                                                                                                                                              Fair value through
            laba rugi                      1,589               -                -               -                    -           7,174,285       7,175,874                 profit or loss
        Nilai wajar melalui                                                                                                                                              Fair value through
            penghasilan                                                                                                                                           other comprehensive
            komprehesif lain          16,607,792               -                -               -                    -           4,296,580      20,904,372                       income
        Biaya peroleh diamortisasi       682,926               -                -               -                    -              39,579         722,505                  Amortized cost
    Efek-efek yang dibeli dengan                                                                                                                                  Securities purchased under
        janji dijual kembali          11,395,272               -                -               -                    -           5,235,999      16,631,271            agreements to resell
    Wesel ekspor dan tagihan
        lainnya                       20,835,731         32,632           7,078          26,688                   -                      -      20,902,129            Bill and other receivables
    Tagihan akseptasi                 18,038,696        167,911               -         207,072                   -              1,600,549      20,014,228             Acceptance receivables
    Pinjaman yang diberikan          455,712,640     56,098,580      25,322,691      29,989,933           7,609,127             71,455,342     646,188,313                                  Loans
    Obligasi pemerintah                                                                                                                                                      Government Bonds
        Nilai wajar melalui                                                                                                                                                Fair value through
            laba rugi                  1,753,022               -                -               -                    -               22,031      1,775,053                   profit or loss
        Nilai wajar melalui                                                                                                                                                Fair value through
            penghasilan                                                                                                                                             other comprehensive
            komprehensif lain         64,328,882              -               -               -                   -             17,999,305      82,328,187                         income
        Biaya perolehan diamortisasi 27,474,928               -               -               -                   -              9,714,090      37,189,018                    Amortized cost
    Aset lain-lain - bersih**)         8,765,697        363,608          34,538         259,564               8,945              1,213,272      10,645,624                  Other assets - net**)

    Total                           763,540,487      56,662,735      25,364,319      30,483,263           7,618,078            131,220,899    1,014,889,781                                Total

    Cadangan kerugian                                                                                                                                                            Allowance for
       penurunan nilai                                                                                                                         (51,857,375)               impairment losses

    Neto                                                                                                                                       963,032,406                                   Net


    *)      Termasuk kantor cabang luar negeri dan Entitas Anak                                                *)            Includes overseas branches and Subsidiaries
    **)     Aset lain-lain – bersih terdiri dari piutang bunga, piutang terkait                                **)           Other assets – net consist of interest receivables, receivables
            transaksi ATM dan kartu kredit, piutang lain-lain, dan piutang nasabah                                           from transactions related to ATM and credit card, other
            - Entitas anak.                                                                                                  receivables, and receivables from customers - Subsidiary.




                                                                        Halaman - 246 - Page
                                                                                                                 Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk                      1371
Page 785
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       50. RISIKO LIKUIDITAS                                               50. LIQUIDITY RISK

            Risiko likuiditas berhubungan dengan adanya                         Liquidity risk relates to the possibility that the Bank
            kemungkinan bank tidak mampu untuk memenuhi                         will be unable to meet short-term obligations to
            kewajiban jangka pendek terhadap deposan,                           depositors, investors and creditors, as well as fulfill
            investor dan kreditur, serta pemenuhan giro wajib                   Statutory Reserve Requirements due to, among
            minimum (GWM) yang diantaranya disebabkan                           others, limited access to financing or the inability to
            keterbatasan       akses      pendanaan     atau                    liquidate assets at reasonable prices.
            ketidakmampuan untuk melikuidasi aset yang
            dimiliki dengan harga yang wajar.

            Manajemen Risiko Likuiditas dilakukan oleh Divisi                   Liquidity Risk Management is carried out by the
            Enterprise Risk Management (ERM),           Divisi                  Enterprise Risk Management (ERM), Treasury
            Treasury (TRS), dan Kantor Cabang Luar Negeri.                      Division (TRS), and Branch Offices of Foreign
            Kebijakan dan Prosedur Risiko Likuiditas disusun                    Affairs. Liquidity Risk Policies and Procedures was
            oleh Divisi ERM, selanjutnya dilaksanakan oleh                      prepared by the Division ERM, subsequently
            Divisi TRS dan segenap Kantor Cabang Luar                           implemented by the Division of TRS and all Branch
            Negeri, yang diwujudkan dalam manajemen                             Offices of Foreign Affairs, which is manifested in
            strategi likuiditas.                                                the liquidity strategy management.

            Divisi ERM juga melakukan monitoring terhadap                       ERM Division also monitors the implementation of
            pelaksanaan manajemen likuiditas yang dilakukan                     the liquidity management performed by the
            oleh Divisi Treasury tersebut.                                      Treasury Division.

            Divisi ERM menyusun Kebijakan Risiko Likuiditas                    ERM Division prepares Liquidity Risk Policy
            berupa Pedoman Penerapan Manajemen Risiko                          Guidelines in Liquidity Risk Management
            Likuiditas, yang lebih lanjut dijabarkan ke dalam                  Implementation Guidelines, which is further
            Prosedur Manajemen Risiko Likuiditas yang berisi                   elaborated into the Liquidity Risk Management
            panduan pelaksanaan manajemen risiko likuiditas,                   Procedures which contains guidelines for liquidity
            antara lain berupa:                                                risk management practices, which include:
            a. Ketersediaan Alat Likuid: Kas, GWM, Secondary                   a. Availability Liquidity Tools: Cash, Statutory
               Reserve, Early Warning Signal (EWS)                                Reserve Requirement, Secondary Reserve,
               Likuiditas, Liquidity Contingency Plan Head                        Early Warning Signal (EWS) for              Liquidity,
               Office maupun Kantor Cabang Luar Negeri.                           Liquidity Contingency Plan Head Office or
                                                                                  Branch Office of Foreign Affairs.
            b. Pengukuran Risiko Likuiditas : Rasio Likuiditas,                b. Measurement of Liquidity Risk: Liquidity Ratio,
               Proyeksi Arus Kas, Profil Maturitas, Rasio                         Cash Flow Projection, Maturity Profile, Liquidity
               Kecukupan Likuiditas dan Stress testing.                           Adequacy Ratio and Stress testing.
            c. Pemantauan Risiko Likuiditas                                    c. Liquidity Risk Monitoring
            d. Pengendalian Risiko Likuiditas                                  d. Liquidity Risk Management
            e. Penetapan Limit Likuiditas:, Pagu Kas Bank                      e. Determination of Liquidity Limit:, Cash Ceiling
               Wide dan Wilayah (Rupiah dan Valas), Safety                        Bank Wide and Regional Are (Rupiah and
               Level, Limit Profil Maturitas. Pembatasan Kredit                   Valas), Safety Level, Maturity Profile Limit.
               Valas berdasarkan ketersediaan likuiditas valas.                   Credit in Foreign Currency Limit based on the
                                                                                  availability of liquidity for Foreign Currency.

            Divisi ERM juga menyusun risk appetite dan risk                     ERM Division also prepares risk appetite and risk
            tolerance Risiko Likuiditas yang selaras dengan                     tolerance for Liquidity Risk in accordance with the
            sasaran strategis Bank, yang digunakan sebagai                      Bank’s strategic objectives, which are used as a
            acuan tingkat risiko yang akan diambil Bank dalam                   reference level of risk to be taken by the Bank in
            pencapaian sasaran bisnis.                                          achieving business goals

            Dalam mengelola likuiditas, selain mengelola                        In managing liquidity, beside addition to managing
            primary reserve (kas dan GWM), BNI menjaga dan                      primary reserve (cash and statutory reserve
            mempertahankan       secondary   reserve  untuk                     requirement), BNI keeps and maintains secondary
            memastikan likuiditas berada pada level yang                        reserve to ensure liquidity is at a safe level. In
            aman. Sebagai antisipasi pemenuhan secondary                        anticipation of fulfilling the ideal secondary reserve,
            reserve    yang    ideal,  BNI    menjaga  dan                      BNI preserves and maintains a tertiary reserve.
            mempertahankan tertiary reserve.




                                                           Halaman - 247 - Page
1372   Menduniakan Bisnis Indonesia
Page 786
         Permodalan & Praktik                  Tata Kelola     Tanggung Jawab
                                                     PT BANK NEGARA           Sosial
                                                                         INDONESIA       Komitmen Tbk
                                                                                     (PERSERO)                                                            Laporan
          Manajemen Risiko                     Perusahaan         dan Lingkungan           ESG                                                           Keuangan
                                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                               FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                                               31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                              (Expressed in millions of Rupiah, unless otherwise stated)

50. RISIKO LIKUIDITAS (lanjutan)                                                                     50. LIQUIDITY RISK (continued)

    Penetapan dan pemantauan limit, yaitu Safety                                                          The setting and monitoring of limits, i.e. Safety
    Valas dan pembatasan kredit valas berdasarkan                                                         Level and Credit Limitation for Foreign Currency
    ketersediaan likuiditas valas dilakukan secara                                                        based on the availability of Liquidity for Foreign
    berkala oleh Divisi ERM. Sedangkan ketersediaan                                                       Currency is conducted periodically by the ERM
    atas keseluruhan reserve dipantau secara harian,                                                      Division. While the availability of the whole reserve
    mingguan, dan bulanan oleh Divisi Treasury dan                                                        is monitored daily, weekly, and monthly by the
    Divisi ERM.                                                                                           Treasury Division and the ERM Division.

    Tabel di bawah ini menunjukkan sisa jatuh tempo                                                       The table below shows the remaining contractual
    kontraktual dari liabilitas keuangan berdasarkan                                                      maturities of the financial liabilities based on
    undiscounted cash flows.                                                                              undiscounted cash flows.

                                                                                              2023

                                         Kurang dari                                                                     Lebih dari
                                           1 Bulan/             1-3                  3-6              6 - 12             12 Bulan/
                                          Less than            Bulan/               Bulan/           Bulan/              More than
                                           1 Month             Months               Months           Months              12 Months               Total

    LIABILITAS                                                                                                                                                                  LIABILITIES
    Liabilitas segera                        5,294,952                   -                   -                 -                     -          5,294,952        Obligations due immediately
    Simpanan nasabah                       669,126,328          62,871,280          17,190,524        63,410,848               939,977        813,538,957           Deposits from customers
    Simpanan dari bank lain                  8,432,524           1,761,870             607,451         1,042,214                49,929         11,893,988         Deposits from other banks
    Liabilitas derivatif                       810,462                   -                   -                 -                     -            810,462                 Derivative payables
    Liabilitas akseptasi                       216,460           1,059,755             371,901         2,833,350             1,267,081          5,748,547               Acceptance payables
    Efek-efek yang
       diterbitkan                                     -             80,625                 97,750       34,250              5,195,500           5,408,125                 Securities issued
    Efek-efek yang dijual                                                                                                                                               Securities sold under
       dengan janji dibeli kembali                   -              45,959             183,241           782,482            6,457,085            7,468,767       agreements to repurchase
    Pinjaman yang diterima                   2,180,351           3,118,741           1,879,318         9,317,895           17,893,124           34,389,429                        Borrowings
    Efek-efek subordinasi                            -             342,968             342,968           685,936           18,272,775           19,644,647            Subordinated securities
    Liabilitas lain-lain*)                  18,512,179                   -                   -                 -                    -           18,512,179                  Other liabilities*)

    Total                                  704,573,256          69,281,198          20,673,153        78,106,977            50,075,469        922,710,053                                 Total

    Total aset lancar **)                  133,755,042          23,078,513           1,509,876         7,770,428          116,267,177         282,381,035               Total liquid assets**)


    KOMITMEN DAN                                                                                                                                                         COMMITMENT AND
        KONTINJENSI                                                                                                                                                      CONTINGENCIES
    Fasilitas kredit kepada
        debitur yang belum
        digunakan                           55,883,261                     -                     -              -                      -        55,883,261              Unused loan facilities
    Irrevocable letters of credit                                                                                                                                     Outstanding irrevocable
        yang masih berjalan                  6,278,916           7,131,859           1,850,556           930,774               662,201          16,854,306                  letters of credit
    Garansi yang diterbitkan                10,774,762           6,876,173           5,998,340        15,338,665            27,789,191          66,777,131                Guarantees issued

    Total                                   72,936,939          14,008,032           7,848,896        16,269,439            28,451,392        139,514,698                                 Total


                                                                                              2022

                                         Kurang dari                                                                     Lebih dari
                                           1 Bulan/             1-3                  3-6              6 - 12             12 Bulan/
                                          Less than            Bulan/               Bulan/           Bulan/              More than
                                           1 Month             Months               Months           Months              12 Months               Total

    LIABILITAS                                                                                                                                                                  LIABILITIES
    Liabilitas segera                        4,686,360                   -                   -                 -                     -          4,686,360        Obligations due immediately
    Simpanan nasabah                       656,884,562          49,605,647          24,267,376        33,963,995             4,965,073        769,686,653           Deposits from customers
    Simpanan dari bank lain                  7,011,203           3,644,146           1,001,106           536,132             3,051,967         15,244,554         Deposits from other banks
    Liabilitas derivatif                       775,131                   -                   -                 -                     -            775,131                 Derivative payables
    Liabilitas akseptasi                       629,170           1,303,157           2,556,749           674,670               137,497          5,301,243               Acceptance payables
    Efek-efek yang
       diterbitkan                                     -             80,625                 80,625      161,250              5,483,750           5,806,250                 Securities issued
    Efek-efek yang dijual                                                                                                                                               Securities sold under
       dengan janji dibeli kembali             416,225                   -           1,059,947                -             1,409,114            2,885,286       agreements to repurchase
    Pinjaman yang diterima                   1,174,957           1,837,919          11,182,009          806,896            25,197,190           40,198,971                        Borrowings
    Efek-efek subordinasi                            -               2,000             348,766          450,766            19,460,543           20,262,075            Subordinated securities
    Liabilitas lain-lain*)                  16,879,276                   -                   -                -                     -           16,879,276                  Other liabilities*)

    Total                                  688,456,884          56,473,494          40,496,578        36,593,709            59,705,134        881,725,799                                 Total

    Total aset lancar **)                  142,806,575          24,842,925           5,602,372         2,508,751          109,392,934         285,153,557               Total liquid assets**)


    *)       Liabilitas lain-lain terdiri dari utang ke pemegang polis, setoran jaminan,                  *)        Other liabilities consist of obligation to policyholders, guarantee deposits,
             rekening dalam penyelesaian, utang reasuransi dan komisi, serta utang                                  unsettled account, reinsurance payable and commission, and payable to
             nasabah - Entitas Anak.                                                                                customer - Subsidiary.
    **)      Aset lancar terdiri dari kas, giro pada Bank Indonesia, giro pada bank lain,                 **)       Liquid assets consist of cash, current accounts with Bank Indonesia, current
             penempatan pada bank lain dan Bank Indonesia dan Obligasi Pemerintah                                   accounts with other banks, placement with other banks and Bank Indonesia
                                                                                                                    and Government Bonds.




                                                                               Halaman - 248 - Page
                                                                                                                      Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk                 1373
Page 787
       Performa                              Laporan                  Profil
                                                         PT BANK NEGARA                   Analisa dan Pembahasan
                                                                              INDONESIA (PERSERO)        Tbk                                 Fungsi
         2023                               Manajemen              Perusahaan           Manajemen atas Kinerja Bank                      Penunjang Bisnis
                                                            DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                        31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                              (Expressed in millions of Rupiah, unless otherwise stated)

       50. RISIKO LIKUIDITAS (lanjutan)                                                     50. LIQUIDITY RISK (continued)
                                                                                     2022

                                               Kurang dari                                                Lebih dari
                                                 1 Bulan/       1-3             3-6          6 - 12       12 Bulan/
                                                Less than      Bulan/          Bulan/       Bulan/        More than
                                                 1 Month       Months          Months       Months        12 Months         Total
            KOMITMEN DAN                                                                                                                      COMMITMENT AND
              KONTINJENSI                                                                                                                     CONTINGENCIES

            Fasilitas kredit kepada
                debitur yang belum
                digunakan                        57,335,014             -               -             -                -    57,335,014       Unused loan facilities
            Irrevocable letters of credit                                                                                                  Outstanding irrevocable
                yang masih berjalan               1,449,928     1,158,526       4,702,771     7,543,650      1,219,320      16,074,195           letters of credit
            Garansi yang diterbitkan             23,137,910     4,583,747       6,278,297    14,494,717     14,614,297      63,108,968         Guarantees issued

            Total                                81,922,852     5,742,273      10,981,068    22,038,367     15,833,617     136,518,177                       Total



            Dalam rangka meningkatkan ketahanan likuiditas,                                      In order to increase liquidity resilience, BNI
            BNI menerapkan perhitungan rasio kecukupan                                           implements Liquidity Coverage Ratio (LCR) and
            likuiditas yaitu Liquidity Coverage Ratio (LCR) dan                                  Net Stable Funding Ratio (NSFR) calculations and
            Net Stable Funding Ratio (NSFR) dan mengelola                                        manages requirement of the Liquidity Adequacy
            rasio Kecukupan Likuiditas tersebut sesuai                                           Ratio subject to regulators, either individually (bank
            ketentuan regulator, baik secara individu (bank                                      only) or consolidated with Subsidiaries (unaudited).
            only) maupun konsolidasi dengan Entitas Anak
            (tidak diaudit).
            LCR bertujuan untuk meningkatkan ketahanan                                           LCR aims to improve the Bank’s short-term liquidity
            likuiditas jangka pendek dengan memelihara High                                      resilience by maintaining High Quality Liquid
            Quality Liquid Assets (HQLA) yang memadai untuk                                      Assets (HQLA) to meet liquidity needs over the
            memenuhi kebutuhan likuiditas BNI selama periode                                     next 30 days under stress conditions, while NSFR
            30 hari ke depan dalam kondisi stress, sedangkan                                     aims to reduce liquidity risk related to longer term
            NSFR bertujuan untuk mengurangi risiko likuiditas                                    funding sources requiring BNI to fund activities with
            terkait sumber pendanaan untuk jangka waktu                                          sufficient stable funding sources in order to mitigate
            yang lebih panjang dengan mensyaratkan BNI                                           future financial hardship risks.
            mendanai aktivitas dengan sumber dana stabil
            yang memadai dalam rangka memitigasi risiko
            kesulitan pendanaan pada masa depan.
            Laporan rasio Kecukupan Likuiditas BNI tersebut                                      BNI Liquidity Adequacy Ratio are reported monthly
            dilaporkan secara bulanan dan triwulanan kepada                                      and quarterly to the Otoritas Jasa Keuangan (OJK)
            Otoritas Jasa Keuangan (OJK) (tidak diaudit).                                        (unaudited).

       51. RISIKO PASAR                                                                     51. MARKET RISK
            Risiko pasar adalah risiko kerugian yang timbul                                      Market risk is the risk of loss due to the adverse
            akibat perubahan faktor pasar yang tidak sesuai                                      volatility of market price movements against BNI’s
            dengan posisi yang diambil oleh BNI baik pada                                        financial assets and liabilities (on balance sheet)
            posisi aset dan liabilitas keuangan dan rekening                                     including administrative accounts (off balance
            administratif. Risiko Pasar melekat pada hampir                                      sheet). Market risk is embedded in the Bank’s
            seluruh aktivitas Bank, baik trading book maupun                                     business activities, both in trading and banking
            banking book yang mencakup Risiko Suku Bunga                                         books, which cover Interest Rate risks and Foreign
            dan Risiko Nilai Tukar.                                                              Exchange risks.
            Pengelolaan Risiko Pasar BNI dilakukan melalui                                       Market Risk Management is done through
            koordinasi beberapa Divisi terkait, yaitu Divisi                                     coordination with BNI’s several related divisions
            Enterprise Risk Management (Divisi ERM) yang                                         such as: Enterprise Risk Management Division
            bertanggung jawab kepada Direktur Risk                                               (ERM) which report to the Director of Risk
            Management (Dir. RMT), Policy Governance (Divisi                                     Management (Dir.RMT)_, Policy Governance
            PGV) yang bertanggung jawab kepada Direktur                                          Division (PGV) which report to the Director of
            Human Capital & Compliance (Dir. HCC), Divisi                                        Direktur Human Capital & Compliance, and
            Treasury (Divisi TRS) dan Kantor Cabang Luar                                         Treasury Division (TRS) as well as Overseas
            Negeri dalam pengawasan Divisi Internasional                                         branches supervised by the International &
            International & Financial Institution (Divisi INT)                                   Financial Institutions Division (INT) which report to
            yang bertanggung jawab kepada Direktur                                               the Director of Wholesale & International Banking
            Wholesale & International Banking (Dir. WHI).                                        (Dir. WHI). The Market Risk Management is also
            Dalam mengelola Risiko Pasar, Direksi didukung                                       supported by Risk Management Committee (RMC)
            oleh Risk Management Committee (RMC) dan                                             and Assets and Liabilities Committee (ALCO) and
            Komite Aset dan Liabilitas (ALCO) serta dalam                                        supervised by the Board of Commissioners through
            pengawasannya didukung oleh Komisaris melalui                                        the Risk Monitoring Committee.
            Komite Pemantau Risiko.


                                                                            Halaman - 249 - Page
1374   Menduniakan Bisnis Indonesia
Page 788
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                         Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                        Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

51. RISIKO PASAR (lanjutan)                                      51. MARKET RISK (continued)

    BNI telah memiliki Aplikasi Manajemen Risiko                     BNI has Market Risk Tools to support the
    Pasar untuk mendukung proses pengelolaan Risiko                  implementation of the Market Risk Process. The
    Pasar. Pengukuran potensi risiko pasar untuk                     measurement of potential market risk, for internal
    pengendalian internal BNI dilakukan secara harian                control purposes, is conducted on a daily basis
    menggunakan Model Internal - Value at Risk (VaR)                 using an Internal Model - Value at Risk (VaR)
    Methodology, sedangkan pengukuran risiko pasar                   Methodology. On the other hand, the market risk
    dalam rangka perhitungan Kewajiban Penyediaan                    measurement for Capital Adequacy Ratio
    Modal Minimum dilakukan secara bulanan                           purposes, is conducted on a monthly basis using
    menggunakan Metode Standar. BNI juga                             the Standard Method. BNI also conducts on a
    melakukan pengukuran risiko suku bunga pada                      quarterly basis the measurement of interest rate
    banking -(IRRBB) secara triwulanan menggunakan                   risk on banking book-(IRRBB) using net interest
    Pendapatan bunga bersih (NII) dan pendekatan                     income perspective (NII) and economic value of
    nilai ekonomis dari ekuitas (EVE) serta pengukuran               equity perspective (EVE) and the measurement for
    Risiko Nilai Tukar pada banking book melalui                     foreign exchange risk on banking book by
    perhitungan Posisi Devisa Neto (PDN) secara                      calculating the Net Open Position (NOP) both daily
    harian dan bulanan sesuai ketentuan Regulator                    and monthly in accordance with the Regulator’s
    (tidak diaudit).                                                 regulation (unaudited).

    Sehubungan dengan penggunaan Model Internal                      In line with the use of the Internal Model (VaR) in
    (VaR) dalam pengukuran Risiko Pasar, BNI telah                   measuring market risk, BNI conducts Back Testing
    melakukan proses validasi melalui Back Testing                   periodically to assess the accuracy of the VaR
    secara periodik untuk menilai akurasi pengukuran                 methodologies used. Stress Testing has also been
    VaR yang digunakan. Selain itu, BNI telah                        conducted for the financial instruments that are
    melakukan proses Stress Testing terhadap                         exposed to foreign exchange risk and interest rate
    instrumen keuangan yang terekspos risiko nilai                   risk (limited to bond positions) in order to assess
    tukar dan risiko suku bunga (portofolio obligasi)                the Bank’s resilience in encountering extreme
    untuk menilai ketahanan Bank dalam menghadapi                    change of risk factors in abnormal market
    perubahan faktor pasar yang ekstrim pada saat                    conditions. Stress Testing is done every 6 (six)
    kondisi pasar abnormal. Stress Testing dilakukan                 months or in case there is an abnormal condition
    setiap 6 (enam) bulan sekali atau periode yang                   whichever is earlier.
    lebih pendek jika terjadi kondisi abnormal.

    Limit Risiko Pasar BNI sebagai bagian dari proses                BNI Market Risk limit as a part of the risk
    pengendalian Risiko Pasar ditetapkan dan dikaji                  controlling process is set and reviewed periodically
    ulang secara periodik oleh Divisi ERM dan Divisi                 by ERM and PGV which are independent from risk
    PGV yang independen terhadap risk taking units                   taking units (TRS and overseas branches). The
    (Divisi TRS dan kantor cabang luar negeri). Limit-               Market Risk limits are as follows:
    limit Risiko Pasar adalah sebagai berikut:

    a. Limit Risiko Pasar pada trading book:                         a. Market Risk limits on trading book:
       (i) Limit Value at Risk (VaR) dan limit Stressed                 (i) Value at Risk (VaR) limit and Stressed
              Value at Risk (SVaR)                                             Value at Risk (SVaR) limit
       (ii) Limit nominal transaksi                                     (ii) Transaction nominal limit
       (iii) Limit nominal open position                                (iii) Open position limit
       (iv) Limit Budget Loss                                           (iv) Budget Loss limit
       (v) Limit Early Warning Signal Forex                             (v) Early Warning Signal Limit for Forex
       (vi) Limit Early Warning Signal Surat Berharga                   (vi) Early Warning Signal Limit for Securities
       (vii) Limit Off Market Price                                     (vii) Off Market Price Limit
       (viii) Limit Kewajaran Kuotasi Jibor                             (viii) Fairness Limit for Jibor Quotations

    b. Limit Risiko Pasar pada banking book:                         b. Market Risk limits on banking book:
       (i) Limit IRRBB (EVE dan NII)                                    (i) IRRBB Limit (EVE and NII)
       (ii) Limit Posisi Devisa Neto internal BNI.                      (ii) Internal BNI Net Open Position Limit.




                                                    Halaman - 250 - Page
                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1375
Page 789
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       51. RISIKO PASAR (lanjutan)                                         51. MARKET RISK (continued)

            Divisi ERM juga menyusun risk appetite dan risk                     ERM Division also prepares risk appetite and risk
            tolerance Risiko Pasar yang selaras dengan                          tolerance for Liquidity Risk in accordance with the
            sasaran strategis Bank, yang digunakan sebagai                      Bank’s strategic objectives, which are used as a
            acuan tingkat risiko yang akan diambil Bank dalam                   reference level of risk to be taken by the Bank in
            pencapaian sasaran bisnis.                                          achieving business goals.

            Pemantauan Risiko Pasar dilakukan melalui                           Market Risk monitoring is conducted through
            laporan yang memberikan informasi mengenai                          reports which give information about the market
            eksposur risiko pasar dan kepatuhan terhadap                        risk exposures and the limit compliance. The VaR
            limit-limit. Laporan VaR diberikan kepada                           reports are submitted to BNI management on a
            manajemen BNI secara berkala (harian, mingguan                      periodic basis (daily, weekly, and monthly) through
            dan bulanan) melalui laporan sirkulasi atau forum                   circular reports or RMC forum. Specifically the
            RMC.        Khusus  terkait   dengan      laporan                   report for interest rate risk on banking book is
            perkembangan Risiko Suku Bunga pada banking                         submitted to management on a monthly basis
            book disampaikan kepada manajemen setiap bulan                      through the ALCO forum.
            melalui forum Asset & Liabilities Committee
            (ALCO).

            BNI menggunakan model Value at Risk (VaR)                           BNI uses Value at Risk model (VaR) to measure
            untuk menghitung potensi risiko pasar yang timbul                   potential market risk arising from possible changes
            akibat perubahan faktor pasar yang dapat                            of market factors which can affect the market value
            mempengaruhi nilai pasar pada portofolio produk                     of the Bank portfolio. The scope of Market Risk is
            Bank. Cakupan Risiko Pasar adalah sebagai                           as follows:
            berikut:

            a. Risiko Nilai Tukar pada trading book dan                         a. Foreign exchange risk on trading book and
               banking book.                                                       banking book.
            b. Risiko Suku Bunga pada trading book dan                          b. Interest rate risk on trading book and banking
               banking     book     (tidak     termasuk     aset-                  book     (excluding    held-to-maturity assets/
               aset/investasi yang dimiliki hingga jatuh tempo).                   investments).

            Metode untuk menghitung VaR yang digunakan                          The VaR method used in BNI is Variance
            BNI adalah Variance Covariance/Risk Metrics.                        Covariance/Risk Metrics. This method uses
            Metode ini menggunakan formula dengan                               formulas with some parameters such as volatility
            memasukkan          parameter-parameter     seperti                 and correlation. It assumes that any changes that
            volatilitas dan korelasi. Metode ini mengasumsikan                  occurs in the risk factors affecting the normal
            bahwa segala perubahan dalam faktor risiko yang                     market conditions will follow normal distribution.
            mempengaruhi kondisi pasar normal akan                              For abnormal market condition, Stressed VaR
            mengikuti distribusi normal. Sedangkan untuk                        calculation is applied.
            kondisi pasar harian yang tidak normal, dilakukan
            perhitungan Stressed VaR.

            VaR tidak menyediakan informasi potensi laba atau                   VaR does not provide information for potential gain
            rugi pada kondisi pasar yang ekstrim atau stress.                   or loss in the extreme or stress market condition.
            BNI melakukan stress testing untuk kondisi pasar                    BNI performs stress testing in the extreme market
            yang ekstrim tersebut.                                              condition.

            Pengukuran VaR adalah estimasi maksimum                             The VaR calculation is an estimate using a 99%
            potensi kerugian Risiko Pasar untuk 1 (satu) hari                   confidence level of the potential loss that is not
            ke depan dengan tingkat keyakinan 99% dengan                        expected to be exceeded if the current market risk
            posisi portofolio yang dimiliki tidak berubah.                      positions were to be held unchanged for one day.
            Penggunaan tingkat keyakinan 99% berarti dalam                      The use of a 99% confidence level means that,
            rentang waktu satu hari, kerugian harian yang                       within a one day horizon, losses exceeding the
            melebihi VaR dalam kondisi pasar normal tidak                       VaR figure should occur, on average under normal
            akan terjadi lebih dari 1 (satu) kali dalam 100 hari.               market conditions, not more than once every one
                                                                                hundred days.




                                                           Halaman - 251 - Page
1376   Menduniakan Bisnis Indonesia
Page 790
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                                    Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                                   Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                            31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                  (Expressed in millions of Rupiah, unless otherwise stated)

51. RISIKO PASAR (lanjutan)                                            51. MARKET RISK (continued)

    Karena VaR adalah bagian dari pengelolaan Risiko                           Since VaR is an integral part of the Bank’s market
    Pasar Bank, limit-limit VaR telah dibentuk untuk                           risk management, VaR limits have been
    seluruh trading operation dan eksposur perlu                               established for all trading operations and
    ditinjau oleh manajemen secara harian terhadap                             exposures are required to be reviewed daily
    limit-limit.                                                               against the limits by management.

    Tabel dibawah ini menunjukkan VaR agregat pada                             The table below presents the aggregate VaR on
    portofolio trading book dan banking book milik                             the Bank’s trading book and banking book portfolio:
    Bank: (tidak diaudit)                                                      (unaudited)

                                                                2023

                                      Risiko mata             Risiko nilai wajar suku bunga/
                                      uang asing/              Fair value interest rate risk
                                        Foreign
                                     exchange risk         Trading book              Banking book


    2023 - 31 Desember                        13,732                   2,892                  251,871                        2023 - 31 December
    2023 - Rata-rata harian                   12,495                   4,008                  268,548                        2023 - Average daily
    2023 - Tertinggi                          23,217                   9,249                  316,015                              2023 - Highest
    2023 - Terendah                            8,533                   1,497                  222,009                              2023 - Lowest

                                                                2022

                                      Risiko mata             Risiko nilai wajar suku bunga/
                                      uang asing/              Fair value interest rate risk
                                        Foreign
                                     exchange risk         Trading book              Banking book


    2022 - 31 Desember                        10,659                   2,143                  299,324                        2022 - 31 December
    2022 - Rata-rata harian                    8,287                   3,669                  265,979                        2022 - Average daily
    2022 - Tertinggi                          20,486                   9,472                  342,527                              2022 - Highest
    2022 - Terendah                            3,277                   1,059                  186,457                              2022 - Lowest

    (i)   Risiko tingkat suku bunga                                            (i)   Interest rate risk

          Risiko tingkat suku bunga timbul pada                                      Interest rate risks arise from financial
          instrumen   keuangan   yang  mempunyai                                     instruments which have the loss possibilities
          kemungkinan kerugian akibat perubahan                                      from changes in interest rates that will affect
          tingkat suku bunga yang akan berdampak                                     future cash flows or fair value of the financial
          pada arus kas masa depan atau nilai wajar                                  instruments.
          instrumen keuangan.

          Komite Manajemen Risiko dan Anti Fraud Sub                                 BNI’s Risk Management and Anti Fraud
          Komite Manajemen Risiko (KRA-RMC) BNI,                                     Committee sub Committee Risk Management
          bertanggung jawab untuk menetapkan,                                        (KRA-RMC) held responsible for determining,
          melaksanakan serta menjaga kebijakan                                       executing and overseeing the interest rate risk
          pengelolaan risiko tingkat suku bunga sesuai                               management policy in accordance with the
          dengan pedoman umum BNI. Tujuan utama                                      overall guidelines of BNI. The main objective
          Komite Manajemen Risiko dan Anti Fraud Sub                                 of the Risk Management and Anti Fraud
          Komite Manajemen Risiko (KRA-RMC) BNI                                      Committee sub Committee Risk Management
          adalah memaksimalkan hasil usaha BNI                                       (KRA-RMC) is to maximize BNI’s returns
          dengan tetap memperhatikan limit risiko yang                               within the predetermined risk limits.
          ditetapkan.




                                                       Halaman - 252 - Page
                                                                                      Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1377
Page 791
       Performa                          Laporan                         Profil
                                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                                 INDONESIA (PERSERO)        Tbk                                                      Fungsi
         2023                           Manajemen                     Perusahaan           Manajemen atas Kinerja Bank                                           Penunjang Bisnis
                                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                                    NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                                         FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                                         31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                             (Expressed in millions of Rupiah, unless otherwise stated)

       51. RISIKO PASAR (lanjutan)                                                                      51. MARKET RISK (continued)

            (i)   Risiko tingkat suku bunga (lanjutan)                                                         (i)    Interest rate risk (continued)

                  Tabel di bawah ini merupakan kisaran tingkat                                                        The tables below summarize the range of
                  suku bunga kontraktual per tahun untuk aset                                                         contractual interest rates per annum for
                  dan liabilitas konsolidasian yang signifikan                                                        significant consolidated assets and liabilities
                  pada tanggal 31 Desember 2023 dan 2022:                                                             as of 31 December 2023 and 2022:
                                                                                             2023

                                                                 Dolar        Euro                              Dolar         Won Korea
                                                            Amerika Serikat/ Eropa/        Yen Jepang        Singapura/         Selatan/       Yuan China/
                                                             United States  European        Japanese         Singapore           South          Chinese
                                            Rupiah              Dollar        Euro            Yen              Dollar         Korean Won          Yuan
                                              %                  %            %                %                 %                %                %


                  ASET                                                                                                                                                                ASSETS
                  Penempatan pada
                      bank lain dan                                                                                                                               Placements with other banks
                      Bank Indonesia          0.00-7.25         0.00-5.75              -                -                 -       3.10-3.55                  -         and Bank Indonesia
                  Efek-efek                  5.35-11.25         2.30-7.16              -                -                 -               -                  -           Marketable securities
                  Tagihan Akseptasi                   -         0.00-8.41              -                -                 -               -                  -          Acceptance receivable
                  Efek-efek yang dibeli
                      dengan janji                                                                                                                                       Securities Purchase
                      dijual kembali          6.00-6.70         5.33-5.35              -                -                 -                -                 -       under agrrement to resell
                  Wesel ekspor dan
                      tagihan lainnya        0.00-11.25         0.00-8.41              -              -                  -                -             0.00        Bills and other receivables
                  Pinjaman yang diberikan    0.00-26.62        0.00-11.18     4.00 -7.20      0.50-3.51          4.00-7.25        4.00-5.47        6.00-6.00                             Loans
                  Obligasi Pemerintah                                                                                                                                      Government Bonds
                  - Tingkat bunga tetap     3.88 -12.00         0.50-7.75     0.90-1.75       0.57-3.00          0.50-1.25                 -                 -          Fixed interest rate -
                  - Tingkat bunga
                      mengambang                     4.54               -              -                -                 -                -                 -       Floating interest rate -


                  LIABILITAS                                                                                                                                                    LIABILITIES
                  Simpanan nasabah            0.00-7.50         0.00-6.90     0.00-0.10       0.00-0.01          0.00-1.75                 -                 -      Deposits from customers
                  Simpanan dari bank lain     0.00-6.70         0.00-6.05             -       0.00-0.45          0.00-4.20                 -                 -     Deposits from other banks
                  Efek-efek yang dijual
                      dengan janji dibeli                                                                                                                              Securities sold under
                      kembali                        6.65       1.30-6.32              -                -                 -                -                 -   agreements to repurchase
                  Efek-efek yang
                      diterbitkan             6.35-6.85                 -              -                -                 -                -                 -              Securities issued
                  Pinjaman yang diterima      7.50-9.50         0.90-6.54              -                -                 -                -                 -                    Borrowings
                  Efek-efek subordinasi            8.00         3.75-4.30              -                -                 -                -                 -         Subordinated securities

                                                                                             2022

                                                                 Dolar        Euro                              Dolar         Won Korea
                                                            Amerika Serikat/ Eropa/        Yen Jepang        Singapura/         Selatan/       Yuan China/
                                                             United States  European        Japanese         Singapore           South          Chinese
                                            Rupiah              Dollar        Euro            Yen              Dollar         Korean Won          Yuan
                                              %                  %            %                %                 %                %                %


                  ASET                                                                                                                                                                ASSETS
                  Penempatan pada
                      bank lain dan                                                                                                                               Placements with other banks
                      Bank Indonesia          0.00-6.00         0.01-4.75              -                -                -        1.35-3.30                -           and Bank Indonesia
                  Efek-efek                  4.00-11.25         0.50-6.50              -                -                -                -                -             Marketable securities
                  Tagihan Akseptasi                   -         0.00-7.34              -                -        0.00-2.75                -        0.00-3.82            Acceptance receivable
                  Efek-efek yang dibeli
                      dengan janji                                                                                                                                       Securities Purchase
                      dijual kembali          5.05-6.43                 -              -                -                 -                -                 -       under agrrement to resell
                  Wesel ekspor dan
                      tagihan lainnya        4.13-10.00         1.00-8.90     2.65 -3.75              -                  -                -        2.08-3.50        Bills and other receivables
                  Pinjaman yang diberikan    0.10-26.62        0.10-13.13     1.32 -7.01      0.50-5.00          4.00-7.00        4.00-5.59        4.75-6.50                             Loans
                  Obligasi Pemerintah                                                                                                                                      Government Bonds
                  - Tingkat bunga tetap     4.00 -12.00         0.13-7.75     0.90-1.75       0.57-3.00               1.25                 -                 -          Fixed interest rate -
                  - Tingkat bunga
                      mengambang                     3.45       4.15-4.33              -                -                 -                -                 -       Floating interest rate -


                  LIABILITAS                                                                                                                                                    LIABILITIES
                  Simpanan nasabah            0.00-6.39         0.00-4.75     0.00-0.75       0.00-0.01          0.00-1.33                 -                 -      Deposits from customers
                  Simpanan dari bank lain     0.00-5.83         0.00-5.00             -       0.00-0.40          0.00-4.05                 -                 -     Deposits from other banks
                  Efek-efek yang dijual
                      dengan janji dibeli                                                                                                                              Securities sold under
                      kembali                 5.63-8.13         1.50-4.75              -                -                 -                -                 -   agreements to repurchase
                  Efek-efek yang
                      diterbitkan             6.35-6.85                 -              -                -                 -                -                 -              Securities issued
                  Pinjaman yang diterima      8.00-9.75         0.09-5.49              -                -                 -                -                 -                    Borrowings
                  Efek-efek subordinasi            8.00         3.75-4.30              -                -                 -                -                 -         Subordinated securities




                                                                                Halaman - 253 - Page
1378   Menduniakan Bisnis Indonesia
Page 792
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                                      Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                                     Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                             31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                     (Expressed in millions of Rupiah, unless otherwise stated)

51. RISIKO PASAR (lanjutan)                                                 51. MARKET RISK (continued)

    (i)   Risiko tingkat suku bunga (lanjutan)                                  (i)    Interest rate risk (continued)

          Tabel    berikut    menunjukkan    sensitivitas                              The following tables demonstrate the
          terhadap kemungkinan perubahan suku bunga                                    sensitivity to a reasonable possible change in
          dalam Rupiah yang wajar, dengan semua                                        IDR interest rates, with all other variables held
          variabel lainnya tetap konstan, dalam laporan                                constant, in the Bank’s profit or loss. The
          laba rugi Bank. Sensitivitas laporan laba rugi                               sensitivity of profit or loss is the effect of the
          adalah dampak dari perubahan asumsi suku                                     changes in interest rates assumptions on the
          bunga pada laporan laba rugi pada periode                                    profit or loss for the period. The total sensitivity
          tersebut. Sensitivitas total laba atau rugi                                  of profit or loss is based on the assumption
          didasarkan     pada    asumsi    bahwa     ada                               that there are parallel shifts in the yield curve.
          pergeseran paralel kurva hasil.

                                                                     2023

                                                 Perubahan              Pengaruh terhadap
                                                 persentase/             laporan laba rugi/
                                                 Percentage                  Impact to
                                                   Change                  profit or loss

                                                           ±25 bps              ±401,363
                                                           ±50 bps              ±802,725

                                                                     2022

                                                 Perubahan              Pengaruh terhadap
                                                 persentase/             laporan laba rugi/
                                                 Percentage                  Impact to
                                                   Change                  profit or loss

                                                           ±25 bps              ±310,574
                                                           ±50 bps              ±621,147


          BNI memiliki eksposur terhadap risiko tingkat                                 BNI has exposure to interest rate risks in
          suku bunga dalam mata uang Dolar                                              Singapore Dollar, United States Dollar, Euro
          Singapura, Dolar Amerika Serikat, Euro dan                                    and others. BNI assessed that the impact of
          lainnya. BNI telah melakukan penilaian atas                                   those interest rate risks is not significant.
          dampak dari risiko tingkat suku bunga tersebut
          dan hasilnya tidak signifikan.

    (ii) Risiko mata uang                                                       (ii)   Currency risk

          Risiko valuta asing timbul sebagai akibat                                     Foreign currency risks arise from the
          adanya aset dan liabilitas keuangan dalam                                     consolidated financial assets and liabilities
          valuta asing dan rekening administratif                                       and administrative accounts in foreign
          konsolidasian       baik pada sisi aset                                       currency positions, both on the consolidated
          konsolidasian maupun liabilitas konsolidasian.                                assets and liabilities. BNI’s foreign currency
          Posisi valuta asing BNI dapat dikelompokkan                                   position is divided into two activities: the
          dalam dua aktivitas yaitu: trading book, yang                                 trading book, which is prepared to generate
          dilakukan    dalam     rangka     memperoleh                                  profit from the exchange rate, and the
          keuntungan transaksi valuta asing, dan                                        banking book, which is prepared to control
          banking book, yang dilakukan dalam rangka                                     BNI’s overall Net Open Position.
          mengendalikan Posisi Devisa Neto BNI secara
          keseluruhan.

          BNI memiliki kebijakan untuk menjaga                                          BNI’s policy is to maintain foreign currency
          eksposur mata uang asing dalam batas yang                                     exposure within acceptable limits and within
          wajar dan berdasarkan peraturan yang                                          existing      regulatory      guidelines.      The
          berlaku. Manajemen berkeyakinan bahwa saat                                    Management believes that its current profile
          ini eksposur mata uang asing atas aset dan                                    of foreign currency exposure on its assets
          liabilitas masih dalam batas yang konservatif.                                and liabilities is within conservative limits.




                                                    Halaman - 254 - Page
                                                                                        Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1379
Page 793
       Performa                       Laporan                    Profil
                                                    PT BANK NEGARA                   Analisa dan Pembahasan
                                                                         INDONESIA (PERSERO)        Tbk                                               Fungsi
         2023                        Manajemen                Perusahaan           Manajemen atas Kinerja Bank                                    Penunjang Bisnis
                                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                           31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)

       51. RISIKO PASAR (lanjutan)                                                          51. MARKET RISK (continued)

            (ii) Risiko mata uang (lanjutan)                                                      (ii)      Currency risk (continued)

                  Berikut adalah Posisi Devisa Neto (PDN),                                                  Presented below is the Net Open Position
                  dalam nilai absolut, BNI pada tanggal                                                     (NOP), in absolute amounts, of BNI as of
                  31 Desember 2023 per mata uang, sesuai                                                    31 December 2023 by currency, based on
                  dengan peraturan Bank Indonesia:                                                          Bank Indonesia regulations:
                                                                                    2023

                                                               Aset/                Liabilitas/          Posisi Devisa Neto/
                         Mata Uang                            Assets                Liabilities          Net Open Position                    Currencies


                  KESELURUHAN (LAPORAN                                                                                                    AGGREGATE (STATEMENT
                  POSISI KEUANGAN DAN                                                                                                   OF FINANCIAL POSITION AND
                  REKENING ADMINISTRATIF)                                                                                               ADMINISTRATIVE ACCOUNTS)
                  Dolar Amerika Serikat                        482,966,619            483,490,720                    524,101                      United States Dollar
                  Yen Jepang                                    29,024,960             28,947,537                     77,423                            Japanese Yen
                  Euro Eropa                                    15,405,504             15,588,925                    183,421                           European Euro
                  Dolar Singapura                                7,949,228              8,142,772                    193,544                          Singapore Dollar
                  Yuan China                                     5,144,957              5,127,937                     17,020                             Chinese Yuan
                  Pound sterling Inggris                         1,074,447              1,182,796                    108,349                    British Pound Sterling
                  Dolar Hong Kong                                  718,810                610,388                    108,422                         Hong Kong Dollar
                  Lain-lain                                      5,081,804              4,253,755                  1,177,646 *)                                Others
                                                                                                                   2,389,926


                  LAPORAN POSISI KEUANGAN                                                                                                  STATEMENT OF FINANCIAL
                                                                                                                                                             POSITION
                  Dolar Amerika Serikat                        294,512,516            297,006,830                  2,494,314                      United States Dollar
                  Yen Jepang                                    15,239,293             16,812,444                  1,573,151                             Japanese Yen
                  Dolar Singapura                                3,422,170              2,664,391                    757,779                           Singapore Dollar
                  Yuan China                                     2,893,282              2,593,590                    299,692                              Chinese Yuan
                  Euro Eropa                                     2,110,783                861,731                  1,249,052                            European Euro
                  Dolar Hong kong                                  411,655                241,927                    169,728                          Hong Kong Dollar
                  Pound sterling Inggris                           213,355                 91,092                    122,263                     British Pound Sterling
                  Lain-lain                                      2,179,517              1,078,579                  1,100,938 *)                                 Others
                                                                                                                   7,766,917

                  Total Modal Tier I dan Tier II
                    dikurangi penyertaan pada                                                                                              Total Tier I and II Capital less
                    Entitas Anak (Catatan 54)                                                                    142,016,389      investment in Subsidiaries (Note 54)

                  Rasio PDN (Keseluruhan)                                                                              1.68%                     NOP Ratio (Aggregate)
                  Rasio PDN (Laporan Posisi                                                                                                     NOP Ratio (Statement of
                    Keuangan)                                                                                          5.47%                       Financial Position)

                  *)   Merupakan penjumlahan absolut dari selisih antara aset dan                 *)       Sum of the absolute values of the difference between assets and
                       liabilitas dari beberapa mata uang asing lainnya                                    liabilities of some foreign currencies




                                                                        Halaman - 255 - Page
1380   Menduniakan Bisnis Indonesia
Page 794
      Permodalan & Praktik             Tata Kelola     Tanggung Jawab
                                             PT BANK NEGARA           Sosial
                                                                 INDONESIA       Komitmen Tbk
                                                                             (PERSERO)                                          Laporan
       Manajemen Risiko                Perusahaan         dan Lingkungan           ESG                                         Keuangan
                                                 DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                         31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)

51. RISIKO PASAR (lanjutan)                                                          51. MARKET RISK (continued)

   (ii)    Risiko mata uang (lanjutan)                                                     (ii) Currency risk (continued)

          Berikut adalah Posisi Devisa Neto (PDN),                                                Presented below is the Net Open Position, in
          dalam nilai absolut, BNI pada tanggal                                                   absolute amounts, of BNI as of 31 December
          31 Desember 2022 per mata uang, sesuai                                                  2022 by currency, based on Bank Indonesia
          dengan peraturan Bank Indonesia:                                                        regulations:

                                                                             2022

                                                        Aset/                Liabilitas/        Posisi Devisa Neto/
                  Mata Uang                            Assets                Liabilities        Net Open Position                    Currencies


           KESELURUHAN (LAPORAN                                                                                                  AGGREGATE (STATEMENT
           POSISI KEUANGAN DAN                                                                                                 OF FINANCIAL POSITION AND
           REKENING ADMINISTRATIF)                                                                                             ADMINISTRATIVE ACCOUNTS)
           Dolar Amerika Serikat                        747,570,976            747,503,953                   67,023                      United States Dollar
           Euro Eropa                                    18,582,499             18,599,710                   17,211                           European Euro
           Yen Jepang                                     6,658,651              6,414,947                  243,704                            Japanese Yen
           Yuan China                                     3,959,636              4,093,853                  134,217                             Chinese Yuan
           Dolar Singapura                                3,789,705              4,010,826                  221,121                          Singapore Dollar
           Pound sterling Inggris                           547,060                668,030                  120,970                    British Pound Sterling
           Dolar Hong kong                                  819,325                713,008                  106,317                         Hong Kong Dollar
           Lain-lain                                      4,686,500              3,798,516                1,167,804 *)                                Others
                                                                                                          2,078,367


           LAPORAN POSISI KEUANGAN                                                                                                STATEMENT OF FINANCIAL
                                                                                                                                                    POSITION
           Dolar Amerika Serikat                        280,449,490            264,367,049               16,082,441                      United States Dollar
           Yen Jepang                                     4,936,882              4,736,736                  200,146                             Japanese Yen
           Euro Eropa                                     3,279,016              3,470,468                  191,452                            European Euro
           Dolar Singapura                                2,926,572              2,838,587                   87,985                           Singapore Dollar
           Yuan China                                     1,550,117                590,666                  959,451                              Chinese Yuan
           Dolar Hong kong                                  476,074                295,609                  180,465                          Hong Kong Dollar
           Pound sterling Inggris                           179,861                116,183                   63,678                     British Pound Sterling
           Lain-lain                                      2,366,751              1,120,904                1,245,847 *)                                 Others
                                                                                                         19,011,465

           Total Modal Tier I dan Tier II
             dikurangi penyertaan pada                                                                                            Total Tier I and II Capital less
             Entitas Anak (Catatan 54)                                                                  131,335,883      investment in Subsidiaries (Note 54)

           Rasio PDN (Keseluruhan)                                                                            1.58%                     NOP Ratio (Aggregate)
           Rasio PDN (Laporan Posisi                                                                                                   NOP Ratio (Statement of
             Keuangan)                                                                                      14.48%                        Financial Position)

          *)    Merupakan penjumlahan absolut dari selisih antara aset dan                 *)     Sum of the absolute values of the difference between assets and
                liabilitas beberapa mata uang asing lainnya                                       liabilities of some foreign currencies




                                                                Halaman - 256 - Page
                                                                                                   Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk     1381
Page 795
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       52. RISIKO OPERASIONAL                                               52. OPERATIONAL RISK

            Dalam rangka menerapkan manajemen risiko                             In    order    to   implement      operational risk
            operasional, BNI mengacu pada ketentuan Bank                         management, BNI made reference to Bank
            Indonesia atau Otoritas Jasa Keuangan serta                          Indonesia or Financial Authority Regulations, and
            International Best Practices.                                        also International Best Practices.

            Agar pengelolaan manajemen risiko operasional                        In order for operational risk management to run
            berjalan dengan baik, BNI memiliki Kerangka Kerja                    well, BNI has an Operational Risk Management
            Manajemen Risiko Operasional yang terdiri dari 6                     Framework which consists of 6 main components,
            komponen utama, yaitu:                                               namely:
            1. Strategi dan Tujuan Bisnis                                        1. Strategy and Business Objectives
                 Strategi dan tujuan bisnis Bank sebagai acuan                        Bank business strategies and objectives as a
                 dalam      penerapan      manajemen      risiko                      reference in the implementation of operational
                 operasional.                                                         risk management.

            2.    Strategi Manajemen Risiko Operasional                          2.   Operational Risk Management Strategy
                  Strategi Manajemen Risiko Operasional                               The Operational Risk Management Strategy is
                  dirumuskan sesuai strategi dan tujuan bisnis                        formulated according to the overall business
                  secara keseluruhan dengan memperhatikan                             strategy and objectives by taking into account
                  tingkat risiko yang akan diambil (risk appetite)                    the level of risk to be taken (risk appetite) and
                  dan toleransi risiko (risk tolerance). Tujuan                       risk tolerance. The objective of establishing an
                  penetapan       strategi  manajemen       risiko                    operational risk management strategy is to
                  operasional adalah untuk memastikan bahwa                           ensure that operational risk exposure is
                  eksposur risiko operasional telah dikelola                          managed in a controlled manner in
                  secara terkendali sesuai dengan kebijakan dan                       accordance with internal policies and
                  prosedur intern serta peraturan perundang-                          procedures as well as applicable laws and
                  undangan dan ketentuan lain yang berlaku.                           regulations and other provisions.

            3.    Model Manajemen Risiko Operasional                             3.   Operational Risk Management Model
                  a. Tata      Kelola     Manajemen      Risiko                       a. Operational       Risk       Management
                     Operasional                                                         Governance
                     Tata kelola manajemen risiko operasional                            BNI has implemented operational risk
                     telah diimplementasikan BNI di mana                                 management governance where all
                     segenap unit bisnis dan unit pendukung                              business units and support units, both
                     baik di dalam maupun di luar negeri,                                domestic and overseas, act as Risk
                     berperan sebagai Risk Owner atau Risk                               Owners or Risk Takers, together with
                     Taker yang bersama dengan SORX                                      SORX act as first line roles. The Risk
                     memiliki peran sebagai first line roles.                            Owner is responsible for the risks taken,
                     Risk Owner bertanggung jawab terhadap                               execution and results (Day to day Risk
                     risiko yang diambil, eksekusi dan hasilnya                          Management & Control) while SORX is
                     (Day to day Risk Management & Control)                              responsible for ensuring that control
                     sedangkan SORX bertanggung jawab                                    are      implemented    properly.     This
                     memastikan kontrol berjalan dengan baik.                            implementation of control is supported by
                     Implementasi tersebut didukung oleh oleh                            Enterprise Risk Management Division and
                     Divisi Enterprise Risk Management dan                               Operational Risk Management as second
                     Divisi Operational Risk Management                                  line roles who are responsible for
                     sebagai     second     line  roles   yang                           assigning frameworks, policies, principles
                     bertanggung jawab dalam penyusunan                                  and methodologies for bank risk
                     framework,     kebijakan,   prinsip    dan                          management.
                     metodologi pengelolaan risiko.




                                                           Halaman - 257 - Page
1382   Menduniakan Bisnis Indonesia
Page 796
     Permodalan & Praktik         Tata Kelola     Tanggung Jawab
                                        PT BANK NEGARA           Sosial
                                                            INDONESIA       Komitmen Tbk
                                                                        (PERSERO)                        Laporan
      Manajemen Risiko            Perusahaan         dan Lingkungan           ESG                       Keuangan
                                          DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)            (Expressed in millions of Rupiah, unless otherwise stated)

52. RISIKO OPERASIONAL (lanjutan)                                  52. OPERATIONAL RISK (continued)

                Sedangkan, third line roles yaitu Satuan                           As well as third line roles, Internal Audit
                Internal Audit memiliki peran sebagai Risk                         Unit act as a Risk Assurance Unit which
                Assurance Unit yang bertanggung jawab                              is responsible for assessing the
                menilai secara independen efektivitas                              effectiveness of the implementation of
                implementasi manajemen risiko dan                                  risk management and internal control
                pengendalian internal. Selain itu, adanya                          independently. In addition, the existence
                komunikasi antara ORIC dan Divisi                                  of the ORIC Communication Forum is
                Operational Risk Management secara                                 expected to increase the effectiveness of
                periodik diharapkan dapat meningkatkan                             communication between first line roles
                efektivitas komunikasi first line roles dan                        and second line roles, which in turn can
                second line roles yang nantinya dapat                              improve the quality of Risk Exposure
                meningkatkan kualitas identifikasi risk                            identification.
                exposure.

         b.     Proses Manajemen Risiko Operasional                          b.    Operational Risk Management Process
                Proses manajemen risiko operasional                                The process of operational risk
                meliputi      identifikasi,      pengukuran,                       management       includes      identification,
                pemantauan dan pengendalian terhadap                               assessment/measurement,           monitoring
                risiko operasional, yang dijabarkan                                and control of operational risk, which is
                sebagai berikut:                                                   described as follows:
                i. Identifikasi risiko dilakukan secara                            i. Risk identification is carried out
                     proaktif terhadap seluruh aktivitas,                             proactively on all activities, processes
                     proses, dan produk dalam rangka                                  and products in order to analyze the
                     menganalisa        sumber,       tingkat                         source, the level of possibility of
                     kemungkinan         timbulnya      risiko                        operational risk and the resulting
                     operasional serta dampak yang                                    impact;
                     ditimbulkannya;
                ii. Pengukuran risiko dilakukan dalam                              ii. Risk assessment/ measurement is
                     rangka mengetahui perkembangan                                    carried out in order to determine the
                     dan     besarnya       eksposur    risiko                         progress      and     magnitude      of
                     operasional sebagai acuan untuk                                   operational risk exposure as a
                     melakukan pengendalian serta untuk                                reference for carrying out controls as
                     keperluan perhitungan kewajiban                                   well as for the purposes of calculating
                     penyediaan modal minimum;                                         the minimum capital adequacy
                                                                                       requirement;
                iii. Pemantauan risiko dilakukan untuk                            iii. Risk monitoring is carried out to
                     memastikan bahwa risiko operasional                               ensure operational risks are managed
                     telah dikelola dengan baik, antara lain                           properly, including by monitoring :
                     dengan:
                     •    melakukan             pemantauan                            •    compliance with regulations
                          kepatuhan pada regulasi
                     •    toleransi dan limit risiko yang                             •    risk tolerance and limits
                          telah ditetapkan
                     •    upaya mitigasi risiko yang telah                            •    implementation of risk mitigation;
                          dilakukan;
                iv. Pengendalian risiko dilakukan untuk                           iv. Risk control is carried out to reduce
                     mengurangi       dan    mengendalikan                            and control the impact and frequency
                     dampak       dan     frekuensi     risiko                        of operational risks that have been
                     operasional      yang     teridentifikasi                        identified during the assessment and
                     selama      tahap      penilaian     dan                         measurement stages. The risk control
                     pengukuran. Proses pengendalian                                  process is implemented based on risk
                     risiko disesuaikan dengan eksposur                               level, risk exposure, and risk
                     risiko maupun tingkat dan toleransi                              tolerance.
                     risiko yang akan diambil.




                                                      Halaman - 258 - Page
                                                                             Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1383
Page 797
       Performa                   Laporan                 Profil
                                             PT BANK NEGARA                   Analisa dan Pembahasan
                                                                  INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                    Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                                DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                    31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)               (Expressed in millions of Rupiah, unless otherwise stated)

       52. RISIKO OPERASIONAL (lanjutan)                                     52. OPERATIONAL RISK (continued)

                  c.   Kebijakan     dan     Permodalan    Risiko                      c.   Operational Risk Policy and Capital
                       Operasional
                       Divisi Operational Risk Management                                   The Operational Risk Management
                       (ORM)      telah      memiliki   Pedoman                             (ORM) Division has Operational Risk
                       Penerapan          Manajemen        Risiko                           Management Implementation Guidelines
                       Operasional         untuk      mendukung                             to support the implementation of
                       implementasi         manajemen       risiko                          operational risk management in all units
                       operasional pada segenap unit baik di                                both at domestic and overseas. This
                       dalam maupun di luar negeri. Kebijakan                               policies are described in more detail in
                       tersebut dijabarkan lebih rinci dalam                                the Standard Operating Procedures as
                       Prosedur atau Standard Operating                                     well as prudent operational risk
                       Procedure serta Petunjuk Teknis transaksi                            instructions for carrying out daily
                       dan operasional yang prudent untuk                                   business activities such as:
                       menjalankan aktivitas bisnis sehari-hari
                       seperti:
                       1. Prosedur          Manajemen      Risiko                           1.   Operational Risk Management
                            Operasional;                                                         Procedures;
                       2. Petunjuk Teknis Manajemen Risiko                                  2. Technical          Instructions       for
                            Operasional;                                                         Operational Risk Management;
                       3. Petunjuk Teknis SORX.                                             3. Technical Instructions for SORX.
                       Divisi ORM melakukan perhitungan modal                               The ORM Division calculates operational
                       risiko operasional untuk memastikan BNI                              risk capital to ensure BNI has sufficient
                       memiliki modal yang cukup untuk                                      capital to absorb the operational risks.
                       menyerap      risiko   operasional    yang
                       dihadapi.

                  d.   Tools and Methods                                               d.   Tools and Methods
                       Dalam menerapkan manajemen risiko                                    In    implementing     operational   risk
                       operasional,     Bank      juga    perlu                             management, Bank need to be equipped
                       diperlengkapi     dengan     tools   dan                             with strong tools and methodologies. The
                       metodologi. Tools yang diterapkan dalam                              tools implemented in operational risk
                       manajemen risiko operasional antara lain:                            management include: Risk Control Self
                       Risk Control Self Assessment (RCSA),                                 Assessment      (RCSA),     Loss   Event
                       Loss Event Database (LED), Key Risk                                  Database (LED), Key Risk Indicator
                       Indicator (KRI), dan Business Continuity                             (KRI),    and      Business    Continuity
                       Management (BCM).                                                    Management (BCM).

            3.    Teknologi Informasi dan Data                                    3.   Information Technology and Data
                  Penggunaan      dan    penerapan   teknologi                         The use and the application of integrated
                  informasi dan data yang terintegrasi untuk                           information    and    data    technology    for
                  risiko operasional mampu menghasilkan                                operational risk can produce complete and
                  laporan yang lengkap dan akurat dalam                                accurate reports in order to detect and correct
                  rangka     mendeteksi    dan    mengkoreksi                          the deviations arise from business processes
                  penyimpangan atas proses bisnis secara tepat                         in a timely manner. The utilization of quality
                  waktu. Pemanfaatan data yang berkualitas                             data produces analysis that can be used in
                  menghasilkan analisis yang dapat digunakan                           managing operational risk and decision
                  dalam pengelolaan risiko operasional serta                           making by management.
                  sebagai bahan pendukung dalam pengambilan
                  keputusan oleh manajemen.

            4.    Sumber Daya Manusia (SDM) dan Budaya                            4.   Human Resources (HR) and Risk Culture
                  Risiko
                  Penerapan budaya risiko (risk culture) yang                          Implementation of an effective risk culture at
                  efektif di BNI dapat menciptakan mekanisme                           BNI can create a mechanism that involves all
                  yang melibatkan seluruh pegawai untuk                                employees to identify and prevent weaknesses
                  mengidentifikasi dan mencegah kelemahan                              and irregularities early in an efficient and
                  dan penyimpangan secara dini dengan efisien                          effective manner.
                  dan efektif.




                                                            Halaman - 259 - Page
1384   Menduniakan Bisnis Indonesia
Page 798
     Permodalan & Praktik        Tata Kelola     Tanggung Jawab
                                       PT BANK NEGARA           Sosial
                                                           INDONESIA       Komitmen Tbk
                                                                       (PERSERO)                            Laporan
      Manajemen Risiko           Perusahaan         dan Lingkungan           ESG                           Keuangan
                                         DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                     31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)           (Expressed in millions of Rupiah, unless otherwise stated)

52. RISIKO OPERASIONAL (lanjutan)                                 52. OPERATIONAL RISK (continued)

    5.   Assurance                                                    5.     Assurance
         Assurance adalah aktivitas penilaian oleh                          Assurance is an assessment activities by an
         pihak independen atas implementasi kerangka                        independent party on the implementation of the
         kerja manajemen risiko operasional. Penilaian                      operational risk management framework. This
         ini dilakukan oleh Internal Audit (IAD) maupun                     assessment is carried out by the Internal Audit
         pihak eksternal.                                                   Division (IAD) or external parties.

         Perangkat yang digunakan untuk melakukan                           BNI using operational risk management
         pengelolaan risiko operasional di BNI adalah                       system to manage operational risk, namely
         New     PERISKOP        (Perangkat     Risiko                      New PERISKOP that consist of 4 (four) main
         Operasional). New PERISKOP terdiri dari                            modules:
         empat (4) modul utama, yaitu:
         •      Modul Risk Control Self Assessment                          •       Risk Control Self Assessment (RCSA)
                (RCSA), merupakan salah satu metode                                 Module, is a methodology to detect the
                yang     digunakan    untuk      mendeteksi                         possibility that an operational risk has
                kemungkinan terjadinya risiko operasional                           occurred. This method is a self-
                di suatu unit. Metode ini terdiri dari                              assessment process conducted by every
                serangkaian kegiatan penilaian yang                                 risk owner independently in identifying,
                dilakukan sendiri (self assessment)                                 assessing, controlling and monitoring
                oleh setiap unit pemilik risiko (risk owner)                        operational risk in each unit. RCSA
                secara          independen             dalam                        Module should be filed by all units, once
                mengidentifikasi, menilai, mengontrol dan                           every six-month;       by conducting an
                memantau risiko operasional yang terjadi                            assessment of the existing risk issue
                di unitnya. Modul RCSA wajib diisi oleh                             frequency and impacts and finding
                segenap unit setiap 6 (enam) bulan sekali,                          solutions to mitigate emerging operational
                dengan melakukan pengukuran terhadap                                risks and define the solutions.
                frekuensi dan dampak setiap risk issue di
                unitnya serta mencari penyebab risiko
                tersebut    timbul   serta     menentukan
                solusinya.

         •      Loss Event Database (LED), merupakan                        •       The Loss Event Database (LED) is an
                database event sejak event terjadi hingga                           event database from the time the event
                penyelesaiannya akibat risiko operasional                           occurs until its operational risks resolution
                yang terjadi di seluruh unit di Bank. Dari                          that occur in all units in the Bank. The
                modul ini akan diketahui tipe risiko yang                           module will generate information such as
                terjadi, penyebab kejadian tersebut, lokasi                         type of risk, cause of risk, location (line of
                (lini bisnis) tempat terjadinya risiko serta                        businesses) where the risk emerge and
                besarnya (amount) risiko yang terjadi atau                          the amount of risk or legal obligation and
                liabilitas hukum yang terjadi serta                                 the recovery (if any). This system is very
                pengembalian kerugian (jika ada). Sarana                            important to monitor operational risk
                ini sangat penting untuk memonitor profil                           exposure and profile in an orderly manner.
                dan eksposur risiko operasional secara                              The data gathered from the Loss Event
                teratur. Data yang diperoleh dari Loss                              Database (LED) will become the main
                Event Database (LED) merupakan input                                input when the Bank applies standardize
                data utama dalam penerapan metode                                   approaches to measure its minimum
                pendekatan        standar     (Standardized                         operational risk capital adequacy ratio,
                Approach)       untuk    mengukur      risiko                       that has been implemented since
                kecukupan modal operasional yang telah                              1 January 2023 based on SEOJK Number
                diterapkan mulai 1 Januari 2023                                     6/SEOJK.03/ 2020 dated 29 April 2020
                berdasarkan SEOJK Nomor 6/SEOJK.03/                                 related to the Calculation of Risk
                2020 tanggal 29 April 2020 tentang                                  Weighted Assets for Operational Risk
                Perhitungan Aset Tertimbang Menurut                                 using the Standard Approach for
                Risiko untuk Risiko Operasional dengan                              Commercial Banks (unaudited).
                Menggunakan Pendekatan Standar Bagi
                Bank Umum (tidak diaudit).




                                                     Halaman - 260 - Page
                                                                                Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1385
Page 799
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       52. RISIKO OPERASIONAL (lanjutan)                                   52. OPERATIONAL RISK (continued)

            5.    Assurance (lanjutan)                                         5.   Assurance (continued)

                  •   Key Risk Indicator (KRI), merupakan                           •    Key Risk Indicators, is a series of
                      serangkaian parameter yang ditetapkan                              parameters established to identify main
                      untuk mengidentifikasi potensi kerugian                            potential loss from operational risk, that
                      risiko operasional yang utama/ dominan,                            potentially disrupts the achievement of
                      yang berpotensi mengganggu pencapaian                              Key Performance Indicators (KPI) before it
                      Key Performance Indicator (KPI) unit                               happens. The module will give a
                      kerja, sebelum peristiwa risiko operasional                        warning/alert when the exposure exceeds
                      tersebut terjadi. Perangkat tersebut akan                          a predetermined range/threshold (early
                      memberikan warning/alert jika nilainya                             warning signal) that has been set and
                      sudah di luar range/ threshold yang                                requires follow up from unit’s management
                      ditetapkan sebelumnya (early warning                               to overcome the problems.
                      signal) yang menuntut adanya tindak
                      lanjut manajemen unit untuk mengatasi
                      permasalahan tersebut.

                  •   Business      Continuity      Management,                     •    Business Continuity Management, is a
                      merupakan salah satu upaya untuk                                   supporting       tool   for      managing
                      mendukung pengelolaan dokumentasi                                  documentation for handling the impact of
                      langkah penanganan dampak gangguan/                                disturbances/ disasters and the recovery
                      bencana dan proses pemulihan agar                                  process so that Bank operations and
                      kegiatan operasional Bank dan pelayanan                            customer services can continue in disaster
                      nasabah dapat tetap berjalan pada kondisi                          conditions. This module consists of
                      bencana. Modul ini terdiri dari penyusunan                         compiling a call tree, establishing an
                      call tree, pembentukan Organisasi Crisis                           Organizational Crisis Management Team
                      Management Team (CMT) / Emergency                                  (CMT) / Emergency Task Force (ETF),
                      Task Force (ETF), penyusunan Business                              compiling a Business Impact Analysis
                      Impact Analysis (BIA), Threat and Risk                             (BIA), Threat and Risk Assessment (TRA)
                      Assessment (TRA) dan Pemeliharaan                                  and Maintenance of BCM infrastructure as
                      sarana prasarana BCM serta pencatatan                              well as recording monitoring of events and
                      monitoring kejadian dan potensi bencana.                           potential disaster.

            Selain New PERISKOP, BNI saat ini telah memiliki                   In addition to New PERISKOP, BNI has
            rekening Kerugian Risiko Operasional (KRO) serta                   Operational     Risk    Loss     (Kerugian      Risiko
            Recovery      KRO,      yang     digunakan    untuk                Operasional (KRO)) and KRO Recovery accounts,
            membukukan kerugian atau recovery yang                             which will be used to record losses or recoveries
            disebabkan oleh risiko operasional. Guna                           caused by operational risks. To mitigate the
            memitigasi risiko operasional, setiap bulan                        operational risk, KRO account and recovery will be
            dilakukan monitoring terhadap rekening KRO dan                     monitored monthly. Regarding the business
            Recovery KRO. Terkait dengan kelangsungan                          resilience when disaster occurs, BNI has Business
            usaha bila terjadi kondisi disaster (bencana), BNI                 Continuity Management (BCM) policies, which is a
            juga sudah mempunyai kebijakan Business                            formal mechanism which combined strategies,
            Continuity    Management       (BCM), yaitu   suatu                policies, procedures and organizations developed
            mekanisme formal yang merupakan kombinasi                          to ensure operational continuity of critical functions
            antara strategi, kebijakan, prosedur, dan organisasi               under certain levels of services when a disturbance
            yang      dikembangkan        untuk     memastikan                 or disaster is encountered. This policy is applied for
            kelangsungan operasional dari fungsi-fungsi usaha                  all business units in BNI for both domestic and
            yang kritikal pada tingkat layanan tertentu pada                   overseas.
            saat terjadi gangguan atau bencana. Kebijakan ini
            mencakup semua unit usaha yang ada di BNI, baik
            di dalam negeri maupun di luar negeri.

            BNI memiliki infrastruktur yang dibutuhkan dalam                    BNI has the infrastructure needed to implement
            implementasi BCM seperti Data Center (DC),                          BCM such as Data Center (DC), Disaster Recovery
            Disaster Recovery Center (DRC), Lokasi Alternatif                   Center (DRC), BCM Alternative Building and BCM
            Gedung BCM dan BCM Center. Secara rutin BNI                         Center. Regularly BNI performs a system and
            melakukan pengujian sistem dan aplikasi pada                        application testing on critical Division/Unit every 3
            divisi/unit kritikal setiap 3 (tiga) bulan sekali,                  (three) months, do a site visit and simulation to the
            melakukan site visit dan simulasi pada cabang dan                   branch and region to ensure the disaster
            wilayah guna memastikan kesiapan menghadapi                         readiness.
            bencana.


                                                           Halaman - 261 - Page
1386   Menduniakan Bisnis Indonesia
Page 800
     Permodalan & Praktik           Tata Kelola     Tanggung Jawab
                                          PT BANK NEGARA           Sosial
                                                              INDONESIA       Komitmen Tbk
                                                                          (PERSERO)                                    Laporan
      Manajemen Risiko              Perusahaan         dan Lingkungan           ESG                                   Keuangan
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                   FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                                   31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                        (Expressed in millions of Rupiah, unless otherwise stated)

53. NILAI WAJAR              ASET          DAN          LIABILITAS            53. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN                                                                      LIABILITIES

    Tabel di bawah ini menyajikan perbandingan                                      The table below summarizes the comparison
    antara nilai tercatat dan nilai wajar dari semua aset                           between the carrying amounts and fair values of all
    dan liabilitas keuangan disajikan per kategori dari                             financial assets and liabilities presented per
    instrumen keuangan. Nilai wajar yang diungkapkan                                category of financial instruments. The fair values
    adalah berdasarkan informasi relevan yang                                       disclosed are based on relevant information
    tersedia pada tanggal-tanggal 31 Desember 2023                                  available as of 31 December 2023 and 2022, and
    dan      2022, dan tidak diperbaharui untuk                                     not updated to reflect changes in market conditions
    mencerminkan perubahan dalam kondisi pasar                                      which have occurred after this date.
    yang telah terjadi setelah tanggal ini.

                                                    2023                                       2022
                                      Nilai Tercatat/      Nilai wajar/      Nilai Tercatat/          Nilai wajar/
                                      Carrying Value       Fair value        Carrying Value           Fair value

    Aset keuangan                                                                                                                   Financial assets
      Kas                                     11,207,201       11,207,201         13,448,092             13,448,092                           Cash

    Nilai wajar melalui                                                                                                          Fair value through
       laba rugi                                                                                                                     profit or loss
       Efek-efek                               8,281,822         8,281,822         7,175,874              7,175,874         Marketable securities
       Obligasi Pemerintah                     4,187,772         4,187,772         1,775,053              1,775,053           Government Bonds
       Tagihan derivatif                         995,677           995,677           685,237                685,237         Derivatives receivable
                                              13,465,271       13,465,271          9,636,164              9,636,164

    Nilai wajar melalui penghasilan                                                                                        Fair value through other
       komprehensif lain                                                                                                 comprehensive income
       Obligasi Pemerintah                    86,549,332       86,549,332         82,328,187             82,328,187           Government Bonds
       Efek-efek                              28,521,543       28,521,543         20,904,372             20,904,372         Marketable securities
       Penyertaan saham                          563,700          563,700            608,797                608,797            Equity investments
                                             115,634,575      115,634,575        103,841,356           103,841,356


    Biaya perolehan diamortisasi                                                                                                     Amortized cost
       Pinjaman yang diberikan               647,926,638      647,926,638        595,854,325           595,854,325                           Loans
       Giro pada                                                                                                             Current accounts with
          Bank Indonesia                      65,256,432       65,256,432         82,921,989             82,921,989             Bank Indonesia
       Penempatan pada bank                                                                                           Placements with other banks
          lain dan Bank Indonesia             43,794,166       43,794,166         51,569,316             51,569,316         and Bank Indonesia
       Obligasi Pemerintah                    36,363,265       35,257,128         37,187,627             35,464,045            Government Bonds
       Wesel ekspor dan                                                                                                                   Bills and
          tagihan lainnya                     18,998,994       18,998,994         20,729,220             20,729,220           other receivables
       Tagihan akseptasi                      17,091,194       17,091,194         18,911,843             18,911,843        Acceptance receivables
       Efek-efek yang
          dibeli dengan janji                                                                                          Securities purchased under
          dijual kembali                      13,951,344       13,951,344         16,631,271             16,631,271        agreement to resell
       Giro pada                                                                                                            Current accounts with
          bank lain                           35,022,762       35,022,762         15,921,868             15,921,868                 other banks
       Aset lain-lain - bersih*)              11,701,003       11,701,003         10,645,624             10,645,624        Other assets - net*)
       Efek-efek                                 361,374          364,361            475,837                476,013          Marketable securities
                                             890,467,172      889,364,022        850,848,920           849,125,514
                                           1,030,774,219    1,029,671,069        977,774,532           976,051,126




                                                            Halaman - 262 - Page
                                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1387
Page 801
       Performa                        Laporan                    Profil
                                                     PT BANK NEGARA                   Analisa dan Pembahasan
                                                                          INDONESIA (PERSERO)        Tbk                                                   Fungsi
         2023                         Manajemen                Perusahaan           Manajemen atas Kinerja Bank                                        Penunjang Bisnis
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                              31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                               (Expressed in millions of Rupiah, unless otherwise stated)

       53. NILAI WAJAR      ASET                       DAN        LIABILITAS                53. FAIR VALUE OF FINANCIAL ASSETS AND
           KEUANGAN (lanjutan)                                                                  LIABILITIES (continued)

                                                                    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
               laporan laba rugi                                                                                                                                profit or loss
               Liabilitas derivatif                          810,462              810,462             775,131                 775,131                  Derivative payables


            Liabilitas keuangan lainnya                                                                                                         Other financial liabilities
               Simpanan nasabah                                                                                                                Deposits from customers
                  Giro                                  345,496,168          345,496,168       314,625,134               314,625,134                Current accounts
                  Tabungan                              231,981,435          231,981,435       242,694,592               242,694,592                 Savings account
                  Deposito berjangka                    232,664,980          232,664,980       208,797,609               208,797,609                    Time deposits
                  Negotiable Certificate                                                                                                        Negotiable Certificate
                      of Deposit                             587,760             587,760         3,151,656                 3,151,656                      of Deposit
               Pinjaman yang diterima                     30,949,608          30,949,608        35,654,206                35,654,206                         Borrowings
               Efek-efek subordinasi                      16,928,731          15,857,891        17,213,150                14,852,214            Subordinated securities
               Liabilitas lain-lain**)                    18,512,179          18,512,179        16,879,276                16,879,276                   Other liabilities**)
               Simpanan dari bank lain                                                                                                        Deposits from other banks
                  Pinjaman pasar uang
                      antar bank                           5,117,755            5,117,755            8,175,341              8,175,341           Inter-bank call money
                  Giro                                     4,376,529            4,376,529            4,205,842              4,205,842                Current accounts
                  Deposito berjangka                         804,114              804,114              902,563                902,563                    Time deposit
                  Negotiable Certificate                                                                                                        Negotiable Certificate
                      of Deposit                             515,651              515,651              788,112                788,112                     of Deposit
                  Simpanan lainnya                         1,079,939            1,079,939            1,172,696              1,172,696                  Other deposits
               Efek-efek yang diterbitkan                  4,893,357            4,998,160            4,896,875              5,123,900                  Securities issued
               Liabilitas akseptasi                        5,748,547            5,748,547            5,301,243              5,301,243              Acceptance payables
               Liabilitas segera                           5,294,952            5,294,952            4,686,360              4,686,360        Obligation due immediately
               Efek-efek yang dijual dengan                                                                                                        Securities sold under
                  janji dibeli kembali                     6,891,177            6,891,177            2,885,286              2,885,286       agreements to repurchase
                                                        911,842,882          910,876,845       872,029,941               869,896,030
                                                        912,653,344          911,687,307       872,805,072               870,671,161


            *)    Aset lain-lain - bersih terdiri dari piutang bunga, piutang terkait          *)      Other assets - net consist of interest receivables, receivables from
                  transaksi ATM dan kartu kredit, piutang lain-lain dan piutang dari                   transactions related to ATM and credit card, other receivables and
                  nasabah - Entitas anak.                                                              receivables from customers - Subsidiary.

            **)   Liabilitas lain-lain terdiri dari utang ke pemegang polis, setoran           **)     Other liabilities consist of obligation to policyholders, guarantee deposits,
                  jaminan, rekening dalam penyelesaian, utang reasuransi dan komisi,                   unsettled account, reinsurance payable and commission, and payable to
                  serta utang nasabah - Entitas Anak.                                                  customers - Subsidiary.


            Bank    menggunakan  hirarki berikut   untuk                                             The Bank adopts the following hierarchy for
            menentukan dan mengungkapkan nilai wajar dari                                            determining and disclosing the fair value of
            instrumen keuangan:                                                                      financial instruments:

            (i) Tingkat 1: Harga dikutip (tidak disesuaikan) dari                                    (i) Level 1: Quoted prices in active market for the
                  pasar yang aktif untuk aset atau liabilitas                                            same/identical financial asset or liability;
                  keuangan yang identik;
            (ii) Tingkat 2: Input selain harga yang dikutip dari                                     (ii) Level 2: Inputs other than quoted market prices
                  pasar yang disertakan pada Tingkat 1 yang                                               included in Level 1 that are observable for the
                  dapat diobservasi untuk aset dan liabilitas                                             financial asset or liability, either directly (as a
                  keuangan, baik secara langsung (yaitu sebagai                                           price) or indirectly (as derived from price);
                  sebuah harga) atau secara tidak langsung
                  (yaitu sebagai turunan dari harga);
            (iii) Tingkat 3: Input untuk aset atau liabilitas                                        (iii) Level 3: Inputs for the financial assets or
                  keuangan yang tidak didasarkan pada data                                                 liability that are not based on observable
                  pasar yang dapat diobservasi (informasi yang                                             market data (unobservable information).
                  tidak dapat diobservasi).




                                                                           Halaman - 263 - Page
1388   Menduniakan Bisnis Indonesia
Page 802
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                                  Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                                 Keuangan
                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                         31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

53. NILAI WAJAR      ASET            DAN        LIABILITAS             53. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN (lanjutan)                                                    LIABILITIES (continued)

    Tabel di bawah ini menunjukkan instrumen                                 The table below shows the financial instruments
    keuangan yang diukur pada nilai wajar yang                               measured at fair value grouped according to the
    dikelompokkan berdasarkan hirarki nilai wajar:                           fair value hierarchy:
                                                               2023

                                                                   Nilai wajar/Fair value

                              Nilai tercatat/       Tingkat/             Tingkat/            Tingkat/
                              Carrying value        Level 1              Level 2             Level 3

    Aset keuangan                                                                                                            Financial assets
    Nilai wajar melalui                                                                                                   Fair value through
       laba rugi                                                                                                              profit or loss
       Efek-efek                   8,281,822                725             8,266,881               14,216           Marketable securities
       Obligasi Pemerintah         4,187,772          4,187,772                     -                    -             Government Bonds
       Tagihan derivatif             995,677                  -               995,677                    -           Derivative receivables

                                  13,465,271          4,188,497             9,262,558               14,216

    Nilai wajar melalui                                                                                             Fair value through other
       penghasilan                                                                                                comprehensive income
       komprehensif lain
       Obligasi Pemerintah        86,549,332         79,039,214             7,510,118                    -             Government Bonds
       Efek-efek                  28,521,543         21,829,539             6,692,004                    -            Marketable securities
       Penyertaan saham              563,700                  -                     -              563,700             Equity investments

                                 115,634,575        100,868,753           14,202,122               563,700

                                 129,099,846        105,057,250           23,464,680               577,916

    Liabilitas keuangan                                                                                                   Financial liabilities
    Nilai wajar melalui                                                                                                   Fair value through
       laporan laba rugi                                                                                                      profit or loss
       Liabilitas derivatif          810,462                   -             810,462                      -             Derivatives payable

                                     810,462                   -             810,462                      -



                                                               2022

                                                                   Nilai wajar/Fair value

                              Nilai tercatat/       Tingkat/             Tingkat/            Tingkat/
                              Carrying value        Level 1              Level 2             Level 3

    Aset keuangan                                                                                                            Financial assets
    Nilai wajar melalui                                                                                                   Fair value through
       laba rugi                                                                                                              profit or loss
       Efek-efek                   7,175,874                  -             7,175,874                     -          Marketable securities
       Obligasi Pemerintah         1,775,053          1,775,053                     -                     -            Government Bonds
       Tagihan derivatif             685,237                  -               685,237                     -          Derivative receivables

                                   9,636,164          1,775,053             7,861,111                     -

    Nilai wajar melalui                                                                                             Fair value through other
       penghasilan                                                                                                comprehensive income
       komprehensif lain
       Obligasi Pemerintah        82,328,187         62,431,066           19,897,121                     -             Government Bonds
       Efek-efek                  20,904,372         13,825,621            6,978,751                     -            Marketable securities
       Penyertaan saham              608,797                  -                    -               608,797             Equity investments

                                 103,841,356         76,256,687           26,875,872               608,797

                                 113,477,520         78,031,740           34,736,983               608,797

    Liabilitas keuangan                                                                                                   Financial liabilities
    Nilai wajar melalui                                                                                                   Fair value through
       laporan laba rugi                                                                                                      profit or loss
       Liabilitas derivatif          775,131                   -             775,131                      -             Derivatives payable

                                     775,131                   -             775,131                      -




                                                    Halaman - 264 - Page
                                                                                    Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1389
Page 803
       Performa                          Laporan                  Profil
                                                     PT BANK NEGARA                   Analisa dan Pembahasan
                                                                          INDONESIA (PERSERO)        Tbk                                           Fungsi
         2023                           Manajemen              Perusahaan           Manajemen atas Kinerja Bank                                Penunjang Bisnis
                                                        DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                                            FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                                            31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                     (Expressed in millions of Rupiah, unless otherwise stated)

       53. NILAI WAJAR      ASET                      DAN         LIABILITAS                      53. FAIR VALUE OF FINANCIAL ASSETS AND
           KEUANGAN (lanjutan)                                                                        LIABILITIES (continued)

            Teknik penilaian dan input signifikan atas nilai                                               Valuation technique and significant input for fair
            wajar tingkat 3 untuk beberapa penyertaan saham                                                value of level 3 for investments as of 31 December
            pada tanggal 31 Desember 2023 dan 2022 adalah                                                  2023 and 2022 are as follows:
            sebagai berikut:

                                                      Teknik
                                                    Penilaian/
                                                    Valuation                                                           2023       2022
                        Akun                        Technique                Input Signifikan/Significant Input          %          %                 Account


            Nilai wajar melalui laba rugi
               penghasilan komprehensif                                                                                                             Fair value through hother
               lain                                                                                                                           comprehensive income
                                                                          Tingkat diskonto/Discount rate                  17.32      18.51
                                                                          Tingkat bunga bebas risiko/Risk-free rate        6.97       7.15
                                                                          Diskon Marketabilitas/Discount for lack of
                                                  Arus Kas yang              Marketability (DLOM)                         32.00      24.00
            PT Penyelesaian Transaksi              Didiskontokan/         Diskon Minoritas/Discount for Lack of                              PT Penyelesaian Transaksi
               Elektronik Nasional (PTEN)       Discounted cashflow          Control (DLOC)                               35.00      35.00 Elektronik Nasional (PTEN)

                                                   - Arus Kas yang        Tingkat diskonto/Discount rate                  12.65           -
                                                     Didiskontokan/       Tingkat pertumbuhan
                                             Discounted cashflow (90%)       perpetuitas/Perpetuity Growth                 3.00           -
                                                - Metode Pembanding       Diskon Marketabilitas/Discount for lack of
                                               Perusahaan Tercatat di        Marketability (DLOM)                         30.00           -
                                                  Bursa Efek (GCM)/       Diskon Minoritas/Discount for Lack of
                                              Guideline Publicly Traded      Control (DLOC)                               30.00           -
            PT Fintek Karya Nusantara         Company Method (10%)                                                                           PT Fintek Karya Nusantara

                                                                          Tingkat votalita/Votality rate                       -     50.13

                                                                          Tingkat bunga bebas risiko/Risk-free rate            -       4.95
                                                                                                                                   2 tahun/
                                               - Backsolve-Model Opsi     Periode keluiar/ Time to exit                        -      years
                                              Harga/- Backsolve-Option    Diskon Marketabilitas/Discount for lack of
            PT Fintek Karya Nusantara               Pricing Model            Matketability (DLOM)                              -     18.00    PT Fintek Karya Nusantara


            Tidak terdapat perpindahan antara tingkat 1 dan                                                There is no transfer between level 1 and level 2 of
            tingkat 2 hirarki nilai wajar.                                                                 the fair value hierarchy.

            Nilai     wajar    instrumen     keuangan       yang                                           The fair value of financial instruments traded in an
            diperdagangkan dalam pasar aktif (contohnya surat                                              active market (i.e. measured and available-for-sale
            berharga yang diukur dan tersedia untuk dijual),                                               securities), is based on quoted market price at
            ditentukan dengan berdasarkan harga pasar yang                                                 reporting date. A market is regarded as active if
            dikutip pada tanggal pelaporan. Suatu pasar                                                    quoted prices are readily and regularly available
            dianggap aktif apabila informasi mengenai harga                                                from exchange, dealer or broker, industry group
            kuotasian dapat diakses dengan mudah dan                                                       pricing service or regulatory agency, and those
            tersedia secara berkala dari suatu bursa, pedagang                                             prices represent actual and regularly occurring
            efek, broker, kelompok penilai harga pasar industri                                            market transaction on an arm’s length basis. The
            tertentu,    regulator    dan     harga     tersebut                                           quoted market price used for financial asset held
            mencerminkan transaksi pasar yang aktual dan                                                   by group is bid price. These instruments are
            regular pada tingkat yang wajar. Harga pasar                                                   included in Level 1. Instruments included in Level 1
            dikutip untuk aset keuangan yang dimiliki Grup                                                 comprise primarily of securities classified as fair
            adalah harga penawaran (bid price). Instrumen-                                                 value through profit or loss and fair value through
            instrumen tersebut digolongkan dalam Tingkat 1.                                                other comprehensive income.
            Instrumen yang termasuk dalam Tingkat 1
            umumnya meliputi investasi yang diklasifikasikan
            sebagai surat berharga yang diukur pada nilai
            wajar melalui laba rugi dan yang diukur pada nilai
            wajar melalui penghasilan komprehensif lain.




                                                                          Halaman - 265 - Page
1390   Menduniakan Bisnis Indonesia
Page 804
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                          Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                         Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

53. NILAI WAJAR      ASET            DAN      LIABILITAS         53. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN (lanjutan)                                              LIABILITIES (continued)

    Nilai wajar instrumen keuangan yang tidak                        The fair value of financial instruments that are not
    diperdagangkan di pasar aktif (contohnya derivatif               traded in an active market (i.e over-the-counter
    over-the-counter)     ditentukan    dengan      teknik           derivatives) is determined by using valuation
    penilaian.    Teknik-teknik     penilaian    tersebut            techniques. These valuation techniques maximise
    menggunakan data pasar yang dapat diobservasi                    the use of observable market data where it is
    dan sedapat mungkin meminimalisir penggunaan                     available and rely as little as possible on entity’s
    estimasi spesifik dari entitas. Apabila seluruh input            specific estimates. If all significant inputs required
    yang dibutuhkan untuk menentukan nilai wajar                     for the fair value of an instrument are observable,
    instrumen keuangan dapat diobservasi, maka                       the instrument is included in Level 2. Otherwise, if
    instrumen keuangan tersebut dikategorikan dalam                  one or more of the significant inputs is not based
    Tingkat 2. Sebaliknya, jika salah satu atau lebih                on observable market data, the instrument is
    data tidak didasarkan pada data pasar yang dapat                 included in Level 3.
    diobservasi, instrumen ini termasuk dalam
    Tingkat 3.

    Teknik penilaian spesifik yang digunakan untuk                   Specific valuation techniques                used      to   value
    melakukan penilaian pada instrumen keuangan,                     financial instruments include:
    antara lain:
    •   Harga yang dikutip dari pasar atau pedagang                  •     Quoted market prices or dealer quotes for
        efek instrumen serupa                                              similar instruments
    •   Nilai wajar dari swap tingkat suku bunga yang                •     Fair value of interest rate swap is calculated as
        diperhitungkan sebagai nilai kini dari estimasi                    the present value of estimated future cashflow
        arus kas masa datang berdasarkan kurva                             based on observable yield curves
        imbal hasil yang dapat diobservasi
    •   Nilai wajar dari kontrak berjangka valuta asing              •     Fair value of foreign exchange contracts is
        yang ditentukan berdasarkan kurs berjangka                         determined using forward exchange rates at
        pada tanggal pelaporan keuangan, dan                               reporting date, and
    •   Teknik-teknik lainnya, seperti analisis arus kas             •     Other techniques, such as discounted cash
        diskontoan yang digunakan untuk menentukan                         flow analysis, are used to determine fair value
        nilai wajar instrumen keuangan lainnya                             for other financial instruments

    (i)   Giro pada Bank Indonesia, giro pada bank lain,             (i)   Current accounts with Bank Indonesia, current
          penempatan pada bank lain dan Bank                               accounts with other banks, placements with
          Indonesia, efek-efek, wesel ekspor dan                           other banks and Bank Indonesia, marketable
          tagihan lainnya, efek-efek yang dibeli dengan                    securities, bills and other receivables,
          janji dijual kembali, penyertaan saham, tagihan                  securities purchases under agreements to
          akseptasi dan aset lain-lain:                                    resell and other assets, equity investments,
                                                                           acceptance receivables and other assets:

          Penempatan pada bank lain dan Bank                               Placements with other banks and Bank
          Indonesia merupakan penanaman dana dalam                         Indonesia represent placements in the form of
          bentuk Bank Indonesia Deposit Facility, Term                     Bank Indonesia Deposit Facility, Term Deposit,
          Deposit, Deposit Facility Syariah, call money,                   Sharia Deposit Facility, call money, “fixed-
          penempatan “fixed-term”, deposito berjangka                      term” placements, time deposits and others.
          dan lain-lain.

          Estimasi nilai wajar penyertaan saham                            The fair value for equity investment are based
          ditetapkan berdasarkan harga pasar atau                          on the market prices or broker/dealer price
          harga kuotasi perantara (broker). Jika                           quotations. When this information is not
          informasi ini tidak tersedia, nilai wajar                        available, the fair value is estimated using
          diestimasi dengan menggunakan harga pasar                        quoted market prices for securities with similar
          kuotasian yang serupa atau dinilai dengan                        characteristics or using valuation model.
          menggunakan metode penilaian.




                                                    Halaman - 266 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1391
Page 805
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       53. NILAI WAJAR      ASET            DAN      LIABILITAS             53. FAIR VALUE OF FINANCIAL ASSETS AND
           KEUANGAN (lanjutan)                                                  LIABILITIES (continued)

            (i)   Giro pada Bank Indonesia, giro pada bank lain,                 (i)   Current accounts with Bank Indonesia, current
                  penempatan pada bank lain dan Bank                                   accounts with other banks, placements with
                  Indonesia, efek-efek, wesel ekspor dan                               other banks and Bank Indonesia, marketable
                  tagihan lainnya, efek-efek yang dibeli dengan                        securities, bills and other receivables,
                  janji dijual kembali, penyertaan saham, tagihan                      securities purchases under agreements to
                  akseptasi dan aset lain-lain: (lanjutan)                             resell and other assets, equity investments,
                                                                                       acceptance receivables and other assets:
                                                                                       (continued)

                  Nilai tercatat dari kas dan setara kas, serta                        The carrying amount of cash and cash
                  penempatan        dengan     suku      bunga                         equivalents, as well as placements with
                  mengambang adalah perkiraan yang layak                               floating rates are a reasonable approximation
                  atas nilai wajar.                                                    of fair value.

                  Estimasi nilai wajar terhadap penempatan                             The estimated fair values of fixed interest
                  dengan suku bunga tetap, efek-efek, wesel                            bearing placements, marketable securities,
                  ekspor dan tagihan lainnya, tagihan akseptasi                        bills and other receivables, acceptance
                  dan aset lain-lain ditetapkan berdasarkan                            receivables and other assets were based on
                  diskonto arus kas dengan menggunakan suku                            discounted cash flows using prevailing money
                  bunga pasar uang yang berlaku untuk utang                            market interest rates for debts with similar
                  dengan risiko kredit dan sisa jatuh tempo yang                       credit risk and remaining maturity. Since the
                  serupa. Karena sisa jatuh tempo di bawah satu                        maturity is less than one year, the carrying
                  tahun sehingga nilai tercatat dari penempatan                        amounts of fixed rate placements, bills and
                  dengan suku bunga tetap, wesel ekspor dan                            other receivables, securities purchased under
                  tagihan lainnya, efek-efek yang dibeli dengan                        agreements to resell, acceptance receivables
                  janji untuk dijual kembali, tagihan akseptasi                        and other assets were a reasonable
                  dan aset lain-lain adalah perkiraan yang layak                       approximation of their fair value.
                  atas nilai wajar.

            (ii) Pinjaman yang diberikan                                         (ii) Loans

                  Portofolio kredit Bank secara umum terdiri dari                      Generally, the Bank’s portfolio consists of
                  pinjaman yang diberikan dengan suku bunga                            loans with floating interest rate and short-term
                  mengambang dan pinjaman yang diberikan                               loans with fixed interest rate. Loans are stated
                  jangka pendek dengan suku bunga tetap.                               at amortized cost. The estimated fair value of
                  Pinjaman      yang     diberikan  dinyatakan                         loans represents the discounted amount of
                  berdasarkan amortized cost. Nilai wajar dari                         estimated future cash flows expected to be
                  pinjaman yang diberikan menunjukkan nilai                            received by the Bank using the current market
                  diskon dari perkiraan arus kas masa depan                            rates.
                  yang diharapkan akan diterima oleh Bank
                  dengan menggunakan suku bunga pasar saat
                  ini.

                  Nilai tercatat dari pinjaman yang diberikan                          The carrying amount of floating rate loans and
                  dengan suku bunga mengambang dan nilai                               short-term fixed rate loans are the reasonable
                  tercatat atas pinjaman jangka pendek dengan                          approximation of their fair values.
                  suku bunga tetap adalah perkiraan yang layak
                  atas nilai wajar.




                                                           Halaman - 267 - Page
1392   Menduniakan Bisnis Indonesia
Page 806
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                          Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                         Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

53. NILAI WAJAR      ASET            DAN      LIABILITAS         53. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN (lanjutan)                                              LIABILITIES (continued)

    (iii) Liabilitas segera, simpanan nasabah dan                    (iii) Obligations due immediately, deposits from
          simpanan dari bank lain, liabilitas akseptasi                    customers and deposits from other banks,
          dan liabilitas lain-lain                                         acceptance payables and other liabilities

         Estimasi nilai wajar liabilitas segera, simpanan                  The estimated fair value of obligations due
         tanpa jatuh tempo, termasuk simpanan tanpa                        immediately, deposits with no stated maturity,
         bunga adalah sebesar jumlah yang harus                            which include non-interest bearing deposits,
         dibayarkan kembali sewaktu-waktu.                                 are the amounts repayable on demand.

         Estimasi nilai wajar terhadap simpanan                            The estimated fair values of fixed interest-
         dengan tingkat suku bunga tetap dan liabilitas                    bearing deposits and acceptance payables are
         akseptasi ditetapkan berdasarkan diskonto                         based on discounted cash flows using interest
         arus kas dengan menggunakan suku bunga                            rates for new debts with similar remaining
         utang baru dengan sisa jatuh tempo yang                           maturity. Since the maturity is below one year,
         serupa. Karena sisa jatuh tempo dibawah satu                      the carrying amounts of fixed rate deposits,
         tahun sehingga nilai tercatat dari simpanan                       acceptance payables and other liabilities are
         dengan suku bunga tetap, liabilitas akseptasi                     the reasonable approximation of their fair
         dan liabilitas lain-lain adalah perkiraan yang                    values.
         layak atas nilai wajar.

    (iv) Efek-efek dan Obligasi Pemerintah                           (iv) Marketable securities and Government Bonds

         Nilai wajar untuk efek-efek dan Obligasi                          The fair value for amortized cost marketable
         Pemerintah yang dimiliki hingga jatuh tempo                       securities and Government Bonds are based
         ditetapkan berdasarkan harga pasar atau                           on the market prices or broker/dealer price
         harga kuotasi perantara (broker)/pedagang                         quotations. When this information is not
         efek (dealer). Jika informasi ini tidak tersedia,                 available, the fair value is estimated using
         nilai wajar diestimasi dengan menggunakan                         quoted market prices for securities with similar
         harga pasar kuotasi efek yang memiliki                            credit, maturity and yield characteristics or
         karakteristik kredit, jatuh tempo dan yield yang                  using internal valuation model.
         serupa atau dinilai dengan menggunakan
         metode penilaian.

    (v) Efek-efek yang diterbitkan, pinjaman yang                    (v) Securities issued, borrowings, securities sold
        diterima, dan efek-efek yang dijual dengan                       under agreements to repurchase and
        janji dibeli kembali dan efek-efek subordinasi.                  subordinated securities.

         Nilai wajar agregat berdasarkan model                             Their aggregate fair values are based on
         diskonto arus kas menggunakan kurva yield                         discounted cash flow model using current yield
         terkini yang tepat untuk sisa periode jatuh                       curve appropriate for the remaining term to
         temponya.                                                         maturity.

54. MANAJEMEN MODAL                                              54. CAPITAL MANAGEMENT

    Tujuan manajemen permodalan Bank adalah untuk                    The Bank’s capital management objective is to
    mempertahankan posisi modal yang kuat untuk                      maintain a strong capital position to support
    mendukung      pertumbuhan        bisnis     dan                 business growth and to sustain investor, depositor,
    mempertahankan investor, deposan, pelanggan                      customer and market confidence. In managing its
    dan kepercayaan pasar. Dalam pengelolaan                         capital, the Bank considers factors such as:
    permodalan, Bank mempertimbangkan faktor-faktor                  providing optimal capital rate of return to
    seperti: pengembalian modal yang optimal pada                    shareholders, maintaining a balance between high
    pemegang saham, menjaga keseimbangan antara                      return gearing ratio and safety provided by a sound
    keuntungan yang lebih tinggi dengan gearing ratio                capital position.
    serta keamanan yang diberikan oleh posisi modal
    yang sehat.




                                                    Halaman - 268 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1393
Page 807
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                          Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank               Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       54. MANAJEMEN MODAL (lanjutan)                                      54. CAPITAL MANAGEMENT (continued)

            Pada tanggal 31 Desember 2023 dan 2022, Bank                        As of 31 December 2023 and 2022, the Bank has
            telah memenuhi semua persyaratan modal yang                         complied with all capital requirements.
            diwajibkan.

            Rasio Liabilitas Penyediaan Modal Minimum                           Capital Adequacy Ratio

            Rasio Liabilitas Penyediaan Modal Minimum                           The Capital Adequacy Ratio (CAR) is the ratio of
            (Capital Adequacy Ratio (CAR)) adalah rasio                         the Bank’s capital over its Risk - Weighted Assets
            modal terhadap aset tertimbang menurut risiko                       (RWA). Based on Bank Indonesia regulations, the
            (Risk - Weighted Assets (RWA)). Berdasarkan                         total capital for credit risk consists of core capital
            peraturan Bank Indonesia, jumlah modal untuk                        (Tier I) and supplementary capital (Tier II) less
            risiko kredit terdiri dari Modal Inti ("Tier I") dan                investments in Subsidiaries. In accordance with
            Modal Pelengkap ("Tier II") dikurangi penyertaan                    OJK Regulation No. 11/POJK.03/2016, OJK
            pada Entitas Anak. Sesuai dengan Peraturan OJK                      Regulation No. 34/POJK.03/2016, OJK Regulation
            No. 11/POJK.03/2016, Peraturan OJK No.                              No. 27 of 2022 concerning the Minimum Capital
            34/POJK.03/2016, dan Peraturan OJK No. 27                           Requirement for Commercial Banks and OJK
            Tahun 2022 tentang Kewajiban Penyediaan Modal                       Circular      Letter     No.9/SEOJK.03/2020        on
            Minimum Bank Umum dan Surat Edaran OJK                              Transparency and Publication Conventional
            No.9/SEOJK.03/2020 tentang Transparansi dan                         Commercial Bank Report, since the end of the
            Publikasi Laporan Bank Umum Konvensional,                           month of September 2016, Specific Reserves can
            sejak akhir bulan September 2016, Cadangan                          no longer be taken into account as a component of
            Tujuan tidak dapat lagi diperhitungkan sebagai                      Capital Bank.
            komponen Modal Bank.

            Rasio Kecukupan Modal (hanya BNI) pada tanggal-                     The CAR of BNI (BNI only) as of 31 December
            tanggal 31 Desember 2023 dan 2022 adalah                            2023 and 2022 is as follows:
            sebagai berikut:

                                                          2023                   2022

            BNI - tanpa memperhitungkan                                                                        BNI - without considering
              risiko pasar                                                                                                 market risk
            Aset Tertimbang Menurut Risiko                 609,160,539            586,141,753                       Risk Weighted Assets
            Total Modal                                    142,016,389            131,335,883                                Total Capital
            Rasio Liabilitas Penyediaan
              Modal Minimum BNI                                   23.31%                22.41%                    Capital Adequacy Ratio
            Rasio Liabilitas Penyediaan
              Modal Minimum yang diwajibkan                                                              Minimum Capital Adequacy Ratio
              oleh Otoritas Jasa Keuangan                         9.80%                 9.80%     required by Financial Service Authority

            BNI - dengan memperhitungkan                                                                              BNI - considering
              risiko pasar dan kredit                                                                         market and credit risks
            Aset Tertimbang Menurut Risiko                  611,972,160           588,386,028                     Risk Weighted Assets
            Total Modal                                     142,016,389           131,335,883                              Total Capital
            Rasio Liabilitas Penyediaan
              Modal Minimum BNI                                   23.21%                22.32%                    Capital Adequacy Ratio
            Rasio Liabilitas Penyediaan
              Modal Minimum yang diwajibkan                                                             Minimum Capital Adequacy Ratio
              oleh Otoritas Jasa Keuangan                          9.80%                9.80%    required by Financial Service Authority

            BNI - dengan memperhitungkan                                                                               BNI - considering
              risiko operasional, mulai berlaku                                                              operational risk, effective
              sejak 1 Januari 2010                                                                               since 1 January 2010
            Aset Tertimbang Menurut Risiko                  646,939,036            681,384,522                      Risk Weighted Assets
            Total Modal                                     142,016,389            131,335,883                               Total Capital
            Rasio Liabilitas Penyediaan
              Modal Minimum BNI                                   21.95%                19.27%                     Capital Adequacy Ratio
            Rasio Liabilitas Penyediaan
              Modal Minimum yang diwajibkan                                                               Minimum Capital Adequacy Ratio
              oleh Otoritas Jasa Keuangan                          9.80%                 9.80%    required by Financial Service Authority




                                                           Halaman - 269 - Page
1394   Menduniakan Bisnis Indonesia
Page 808
     Permodalan & Praktik      Tata Kelola     Tanggung Jawab
                                     PT BANK NEGARA           Sosial
                                                         INDONESIA       Komitmen Tbk
                                                                     (PERSERO)                          Laporan
      Manajemen Risiko         Perusahaan         dan Lingkungan           ESG                         Keuangan
                                       DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                 31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)          (Expressed in millions of Rupiah, unless otherwise stated)

55. AKTIVITAS JASA LAINNYA                                       55. OTHER ACTIVITIES

    BNI     menyediakan        jasa   kustodi,  trustee,             BNI provides custodian, trustee, investment
    pengelolaan investasi dan reksadana kepada                       management and mutual fund services to third
    pihak-pihak ketiga. Aset yang terdapat dalam                     parties. Assets that are held in other activities are
    aktivitas jasa lainnya tidak termasuk dalam laporan              not included in these        consolidated financial
    keuangan konsolidasian ini. Jumlah komisi yang                   statements. Total fees received from these
    diterima dari pemberian jasa ini adalah masing-                  services amounted to Rp94,343 and Rp97,707 for
    masing sebesar Rp94.343 dan Rp97.707 untuk                       the year ended 31 December 2023 and 2022,
    tahun yang berakhir pada tanggal-tanggal                         respectively.
    31 Desember 2023 dan 2022.

    Kegiatan Jasa Kustodian                                          Custodian Services

    Jasa Kustodian BNI mendapat izin operasi oleh                    BNI Custodian Services has obtained an operating
    Bapepam      dan     LK    berdasarkan     Surat                 license based on the Decision Letter of Bapepam
    Keputusan No. KEP-162/PM/1991 tertanggal                         and LK No. KEP-162/PM/1991 dated 9 December
    9 Desember 1991. Kustodian BNI merupakan                         1991. BNI’s Custodian Department, which is part of
    bagian dari Divisi Operasional, dimana jasa-jasa                 the Operational Division, provides a full range of
    yang ditawarkan adalah sebagai berikut:                          custodian services such as:

    a.   Penyimpanan (safekeeping) dan administrasi                  a.    Safekeeping and administration of marketable
         (administration) atas efek-efek maupun                            securities and other valuable assets;
         dokumen berharga lainnya;
    b.   Penyelesaian transaksi (settlement) jual dan                b.    Settlement and handling services for script and
         beli efek berbentuk warkat (script) maupun                        scriptless trading transactions;
         tanpa warkat (scriptless);
    c.   Pengurusan       hak-hak     nasabah     atas               c.    Corporate action services related to the rights
         kepemilikan efek-efek yang disimpan sehingga                      of the marketable securities;
         hak tersebut efektif di rekening nasabah
         (corporate action);
    d.   Perwalian (proxy) pada Rapat Umum                           d.    Proxy services for its customers’ shareholder
         Pemegang Saham dan Rapat Umum                                     meetings and bond holder meetings;
         Pemegang Obligasi;
    e.   Penyampaian       laporan   (reporting)  dan                e.    Generate reports and information regarding
         informasi (information) yang terkait dengan                       customers’ marketable securities which are
         efek-efek dan/atau dokumen berharga milik                         kept and administered by BNI’s custodian
         nasabah yang disimpan dan diadministrasikan                       department.
         oleh Kustodian BNI.

    Untuk memenuhi kebutuhan investor dalam                          In order to fulfill the investors’ needs in investing in
    melakukan investasi pada berbagai instrumen efek-                various marketable securities and instruments,
    efek, Kustodian BNI memfasilitasinya dengan                      BNI’s Custodian Operations facilitates various
    menyediakan beragam layanan:                                     services as follows:

    a.   Kustodian umum untuk melayani investor yang                 a.    General custodian which provides services to
         melakukan investasi pada instrumen pasar                          investors investing in capital markets or money
         modal dan pasar uang di Indonesia;                                markets in Indonesia;

    b.   Sub-Registry untuk melayani investor yang                   b.    Sub-Registry service provider for settlement
         melakukan transaksi dan investasi pada Surat                      of Government Debenture Debt (SUN - either
         Utang Negara (SUN - Obligasi Pemerintah                           Government Bonds or Surat Perbendaharaan
         atau Surat Perbendaharaan Negara) serta                           Negara) and SBI transactions;
         Sertifikat Bank Indonesia (SBI);

    c.   Kustodian reksadana (mutual fund) dan                       c.    Custodian for mutual funds and discretionary
         kontrak pengelolaan dana (discretionary fund)                     funds issued and managed by investment
         yang diterbitkan dan dikelola oleh manajer                        manager;
         investasi;

    d.   Kustodian Euroclear bagi nasabah yang akan                  d.    Euroclear Custodian for customer who is
         melakukan     investasi   dan    penyelesaian                     conducting investment and settlement of
         transaksi efek-efek yang tercatat di Euroclear                    securities transactions listed in Euroclear
         Operations Centre, Brussels. Kustodian BNI                        Operations Center, Brussels. BNI Custodian is
         merupakan anggota langsung dari Euroclear.                        a direct member of Euroclear.




                                                    Halaman - 270 - Page
                                                                            Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1395
Page 809
       Performa                 Laporan                 Profil
                                           PT BANK NEGARA                   Analisa dan Pembahasan
                                                                INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                  Manajemen             Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                  31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)             (Expressed in millions of Rupiah, unless otherwise stated)

       55. AKTIVITAS JASA LAINNYA (lanjutan)                               55. OTHER ACTIVITIES (continued)

            Kegiatan Jasa Kustodian (lanjutan)                                 Custodian Services (continued)

            Pada tanggal-tanggal 31 Desember 2023 dan                           As of 31 December 2023 and 2022. BNI’s
            2022, Kustodian BNI memiliki 189 nasabah dan 15                     custodians operations has 189 customers and 175
            175 nasabah (tidak diaudit). Nasabah utama terdiri                  customers (unaudited), respectively. The costumer
            dari dana pensiun, perusahaan asuransi, bank,                       are primarily pension funds, insurance companies,
            yayasan, perusahaan sekuritas, reksadana,                           banks, foundations, securities companies,mutual
            institusi/ badan hukum lain dan perseorangan. Nilai                 funds, other institution/ legal entities and individual
            portofolio yang disimpan pada tanggal 31                            customers with total portfolio value as of 31
            Desember 2023 dan 2022 adalah masing-masing                         December 2023 and 2022 amounted to
            sebesar Rp261.346.086 dan Rp376.579.572 (tidak                      Rp261,346,086 and Rp376,579,572, respectively
            diaudit).                                                           (unaudited).

            BNI mengasuransikan portofolio nasabah yang                         BNI carries insurance on custodian services
            disimpan di Kustodian   terhadap kemungkinan                        against potential losses from safekeeping and
            kerugian yang timbul dari penyimpanan dan                           transit of securities in accordance with OJK,
            pemindahan efek-efek sesuai dengan ketentuan                        previously Bapepam and LK regulation.
            OJK, dahulu Bapepam dan LK.

            Kegiatan Wali Amanat                                                Trust Operations

            BNI mendapat izin operasi untuk kegiatan wali                       BNI has obtained the operating license for trustee
            amanat     berdasarkan      Surat   Keputusan                       services based on Decision Letter of Capital
            Badan Pengawas Pasar Modal dan Lembaga                              Market and Financial Institutions Supervisory
            keuangan No. 01/STTD-WA/PM/1996 tertanggal 27                       Agency    No.    01/STTD-WA/PM/1996          dated
            Maret 1996. Jasa-jasa yang ditawarkan oleh wali                     27 March 1996. The Trustee Services Business
            amanat adalah sebagai berikut:                                      (TSB) provides a full range of the following
                                                                                services:

            a.    Jasa Wali Amanat untuk obligasi dan medium-                   a.   Trustee for bond and medium-term notes
                  term notes (MTN)                                                   (MTN)
            b.    Jasa Agen Pengelola Rekening Penampungan                      b.   Escrow Account Agent
            c.    Jasa Agen Pembayaran                                          c.   Paying Agent
            d.    Jasa Penampungan Dana IPO                                     d.   Initial Public Offering / IPO Receiving Bank
            e.    Jasa Agen Penjaminan                                          e.   Security Agent

            BNI selaku Wali Amanat, telah mengelola 63 emisi                    BNI as a Trustee, has 63 bonds and MTN issued
            dengan nilai emisi (obligasi dan MTN) sebesar                       amounting to Rp31,051,866 as of 31 December
            Rp31.051.866 pada tanggal 31 Desember 2023                          2023 and 49 bonds and MTN issued amounting to
            dan 49 emisi dengan nilai emisi (obligasi dan MTN)                  Rp31,782,994    as    of   31 December   2022
            sebesar Rp31.782.994 pada tanggal 31 Desember                       (unaudited).
            2022 (tidak diaudit).


       56. KREDIT KELOLAAN                                                 56. CHANNELLING LOANS
            BNI mengelola dana yang langsung dikeluarkan                        BNI administers loans directly disbursed by the
            oleh Pemerintah Republik Indonesia (didanai oleh                    Government of the Republic of Indonesia (financed
            kreditur luar negeri) yang ditujukan kepada                         by overseas creditors) to the borrowers of certain
            penerima pinjaman untuk keperluan pembiayaan                        specified projects. These borrowers are approved
            proyek tertentu. Penerima pinjaman ini telah                        by the Government of the Republic of Indonesia.
            disetujui oleh Pemerintah Republik Indonesia.                       Payments received by BNI from borrowers are
            Pembayaran yang diterima oleh BNI dari penerima                     remitted back to the Government. BNI bears no
            pinjaman dikembalikan lagi ke Pemerintah. BNI                       credit risk on these transactions. These loans are
            tidak menanggung risiko kredit atas transaksi-                      not the assets of BNI and funds received from the
            transaksi tersebut. Pinjaman tersebut bukan                         Government of Republic of Indonesia are not the
            merupakan aset BNI dan dana yang diterima dari                      liabilities of BNI. These loans are not recognized in
            Pemerintah Republik Indonesia bukan merupakan                       BNI’s consolidated financial statements. BNI
            liabilitas BNI. Pinjaman tersebut tidak dibukukan                   receives fees for administering the loans of 0.25%
            dalam laporan keuangan konsolidasian BNI. BNI                       from the average of loans outstanding balance in
            memperoleh       pendapatan    atas   pengelolaan                   Rupiah and 0.15% of the average of loan
            pinjaman tersebut sebesar 0,25% dari rata-rata                      outstanding balance in United States Dollar.
            saldo baki debet pinjaman dalam mata uang
            Rupiah dan 0,15% dari rata-rata saldo baki debet
            pinjaman dalam mata uang Dolar Amerika Serikat.



                                                           Halaman - 271 - Page
1396   Menduniakan Bisnis Indonesia
Page 810
     Permodalan & Praktik          Tata Kelola     Tanggung Jawab
                                         PT BANK NEGARA           Sosial
                                                             INDONESIA       Komitmen Tbk
                                                                         (PERSERO)                            Laporan
      Manajemen Risiko             Perusahaan         dan Lingkungan           ESG                           Keuangan
                                           DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                       31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

56. KREDIT KELOLAAN (lanjutan)                                       56. CHANNELLING LOANS (continued)

    Jumlah kredit yang dikelola oleh BNI atas nama                        Following is the outstanding loans balance
    Pemerintah    tersebut   pada    tanggal-tanggal                      administered by BNI on behalf of the Government
    31 Desember 2023 dan 2022 adalah sebagai                              as of 31 December 2023 and 2022:
    berikut:

                                                    2023                   2022

    Sektor                                                                                                                         Sector
    Listrik, gas dan air                                     4,098                  4,098                      Electricity, gas and water
    Pertanian                                                2,876                  2,876                                      Agriculture
    Pengangkutan, pergudangan                                                                             Transportation, warehouse and
       dan komunikasi                                        2,747                  2,747                             communications
    Perdagangan, restoran dan hotel                          2,259                  2,267                   Trading, restaurant and hotel
    Jasa pelayanan sosial                                    1,876                  1,876                                  Social services
    Jasa dunia usaha                                         1,680                  1,680                              Business services
    Perindustrian                                            1,125                  1,125                                   Manufacturing
    Konstruksi                                                   6                      6                                    Construction
    Lain-lain                                                9,402                  9,404                                          Others

    Total                                                  26,069                 26,079                                                Total



57. TAMBAHAN INFORMASI ARUS KAS                                      57. SUPPLEMENTARY CASH FLOW INFORMATION

    Perubahan pada liabilitas yang timbul dari aktivitas                  Changes in liabilities arising from financing
    pendanaan pada laporan arus kas konsolidasian                         activities in the consolidated cash flow statement
    adalah sebagai berikut:                                               are as follows:

                                     1 Januari/      Arus kas/       Lain-lain/         31 Desember/
                                   January 2023      Cash flow        Others           December 2023

    Pinjaman yang diterima            35,654,206       (3,661,311)     (1,043,287)           30,949,608                         Borrowings
    Efek-efek yang dijual dengan                                                                                      Securities sold under
       janji dibeli kembali            2,885,286        4,011,546          (5,655)            6,891,177        agreements to repurchase
    Efek-efek yang diterbitkan         4,896,875                -          (3,518)            4,893,357                  Securities issued
    Efek-efek subordinasi             17,213,150                -        (284,419)           16,928,731             Subordinated securities
    Saham treasuri                             -         (179,960)              -              (179,960)                  Treasury Shares
    Pembayaran dividen                         -       (7,324,821)      7,324,821                     -               Payment of dividend
    Pembayaran liabilitas sewa         1,146,127         (240,769)        382,011             1,287,369          Payment of lease liabilities

                                      61,795,644       (7,395,315)      6,369,953            60,770,282


                                     1 Januari/      Arus kas/       Lain-lain/         31 Desember/
                                   January 2022      Cash flow        Others           December 2022

    Pinjaman yang diterima            32,457,936       2,749,020          447,250            35,654,206                         Borrowings
    Efek-efek yang dijual dengan                                                                                      Securities sold under
       janji dibeli kembali            1,828,652        1,042,592          14,042             2,885,286        agreements to repurchase
    Efek-efek yang diterbitkan         2,986,530        2,000,000         (89,655)            4,896,875                  Securities issued
    Efek-efek subordinasi             15,764,682                -       1,448,468            17,213,150             Subordinated securities
    Pembayaran dividen                         -       (2,724,629)      2,724,629                     -               Payment of dividend
    Saham treasuri                      (207,475)               -         207,475                     -                    Treasury shares
    Pembayaran liabilitas sewa         1,243,693         (341,741)        244,175             1,146,127          Payment of lease liabilities

                                      54,074,018       2,725,242        4,996,384            61,795,644




                                                     Halaman - 272 - Page
                                                                                  Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1397
Page 811
       Performa                  Laporan                 Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                        Fungsi
         2023                   Manajemen             Perusahaan           Manajemen atas Kinerja Bank             Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       58. STANDAR AKUNTANSI KEUANGAN BARU                                  58. NEW FINANCIAL ACCOUNTING STANDARDS
           YANG TELAH DISAHKAN NAMUN BELUM                                      ISSUED BUT NOT YET EFFECTIVE
           BERLAKU EFEKTIF

            Dewan Standar Akuntansi Keuangan Ikatan                              Financial Accounting Standard Board of
            Akuntan Indonesia (“DSAK-IAI”) telah menerbitkan                     Indonesian Institute of Accountants (“DSAK-IAI”)
            standar baru, amandemen dan interpretasi berikut,                    has issued the following new standards,
            namun belum berlaku efektif untuk tahun buku                         amendments and interpretations, but not yet
            yang dimulai pada 1 Januari 2023 adalah sebagai                      effective for the financial year beginning 1 January
            berikut:                                                             2023 are as follows:

            -     Amendemen PSAK 1: “Penyajian Laporan                            -   Amendment of SFAS 1: “Presentation of
                  Keuangan” terkait liabilitas jangka panjang                         Financial Statements” regarding long-term
                  dengan kovenan; dan                                                 liabilities with the covenant; and
            -     Amendemen PSAK 73: “Sewa” terkait liabilitas                    -   Amendment of SFAS 73: “Leases” regarding
                  sewa pada transaksi jual dan sewa-balik.                            lease liabilities in sale-and-lease back
                                                                                      transactions.

            Standar tersebut akan berlaku efektif pada 1 Januari                 The above standards will be effective on 1 January
            2024 dan penerapan dini diperbolehkan.                               2024 and early adoption is permitted.

            -     PSAK 74: “Kontrak Asuransi”; dan                                -   SFAS 74: “Insurance Contract”; and
            -     Amendemen PSAK 74: “Kontrak Asuransi”                           -   Amendment of SFAS 74: “Insurance Contract”
                  terkait Penerapan Awal PSAK 74 dan PSAK 71                          regarding Initial Application of SFAS 74 and
                  - Informasi Komparatif.                                             SFAS 71 - Comparative Information.

            Standar tersebut akan berlaku efektif pada 1 Januari                 The above standards will be effective on 1 January
            2025.                                                                2025.

            Pada     saat    penerbitan    laporan   keuangan                    As at the authorisation date of these consolidated
            konsolidasian, Grup masih mempelajari dampak                         financial statements, the Group is still evaluating
            yang mungkin timbul dari penerapan standar baru                      the potential impact of these new and revised
            dan revisi tersebut serta pengaruhnya pada laporan                   standards to the Group’s consolidated financial
            keuangan konsolidasian Grup.                                         statements.


       59. ANALISIS KUALITAS KREDIT                                         59. 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 pada                     When determining whether the risk of default on
            instrumen keuangan telah meningkat secara                            financial instruments has increased significantly
            signifikan     sejak   pengakuan    awal,    Bank                    since initial recognition, the Bank considers
            mempertimbangkan informasi yang wajar dan                            reasonable and supported relevant information
            terdukung, serta relevan yang tersedia tanpa biaya                   that is available without excessive costs or efforts.
            atau upaya yang berlebihan. Hal tersebut                             This includes quantitative and qualitative
            mencakup informasi dan analisa kuantitatif dan                       information and analysis, based on historical
            kualitatif, berdasarkan pada pengalaman historis                     experience and credit expert assessments and
            dan penilaian pakar kredit dan termasuk perkiraan                    including forward-looking estimates.
            masa depan (forward-looking).

            Tujuan    dari   penilaian  ini  adalah    untuk                     The purpose of this assessment is to identify
            mengidentifikasi apakah peningkatan risiko kredit                    whether a significant increase in credit risk of
            secara signifikan atas eksposur telah terjadi                        exposure has occurred by comparing:
            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 diestimasi 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 di muka).                              expectations of prepayment).




                                                           Halaman - 273 - Page
1398   Menduniakan Bisnis Indonesia
Page 812
     Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                             PT BANK NEGARA           Sosial
                                                                 INDONESIA       Komitmen Tbk
                                                                             (PERSERO)                        Laporan
      Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                       Keuangan
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                       31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

59. ANALISIS KUALITAS KREDIT (lanjutan)                                 59. CREDIT QUALITY ANALYSIS (continued)

    Pengukuran              Kerugian     Kredit   Ekspektasian               Measurement         of     Expected        Credit      Losses
    (lanjutan)                                                               (continued)

    Peningkatan Risiko Kredit Secara Signifikan                              Significant Increase in Credit Risk (continued)
    (lanjutan)

    Bank menggunakan kriteria berikut dalam                                  Bank use these criteria for determining whether
    menentukan apakah peningkatan risiko kredit                              there has been a significant increase in credit :
    secara signifikan atas eksposur telah terjadi:
    • pengujian kuantitatif berdasarkan perubahan                            •   quantitative test based on movement in
        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
    risk grades berdasarkan variasi data yang                                grades based on a variety of data that is
    ditentukan dapat memprediksi risiko gagal bayar                          determined to predict the risk of default and apply
    dan menerapkan pengalaman atas kredit. Credit                            credit experience judgement. Credit risk grades are
    risk grades ditetapkan menggunakan faktor                                determined using qualitative and quantitative
    kualitatif    dan     kuantitatif   yang    dapat                        factors that can indicate the risk of default. These
    mengindikasikan risiko gagal bayar. Faktor-faktor                        factors vary depending on the nature of the
    ini bervariasi tergantung pada sifat eksposur dan                        exposure and the type of borrower.
    jenis peminjam.

    Credit risk grades ditetapkan dan dikalibrasi                            Credit risk grades are determined and calibrated in
    sedemikian rupa sehingga risiko terjadinya gagal                         such a way that the risk of default is increasing
    bayar meningkat secara eksponensial seiring                              exponentially as credit risk rating decreases, for
    dengan penurunan rating risiko kredit, sebagai                           example, the difference between credit risk rating
    contoh, selisih antara credit risk rating grades 1                       grades 1 and 2 is smaller than the difference
    dan 2 lebih kecil dari pada selisih antara credit risk                   between credit risk rating grades 2 and 3.
    rating grades 2 dan 3.

    Setiap eksposur dialokasikan ke credit risk grades                       Each exposure is allocated to credit risk grades at
    pada pengakuan awal berdasarkan informasi yang                           initial recognition based on available information
    tersedia tentang peminjam. Eksposur ini dipantau                         about the borrower. This exposure is monitored on
    secara berkelanjutan, dan dapat mengakibatkan                            an ongoing basis, and can result in the exposure
    eksposur dipindahkan ke credit risk grades yang                          being transferred to different credit risk grades.
    berbeda. Pemantauan biasanya menggunakan                                 Monitoring usually uses the following data:
    data berikut: laporan keuangan, penggunaan                               financial statements, use of credit facilities and
    fasilitas kredit, dan estimasi kondisi ekonomi.                          estimates of economic conditions.

    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 determining
    penentuan struktur PD term structure atas                                the PD term structure of the exposure. The Bank
    eksposur. Bank mengumpulkan informasi kinerja                            collects performance and default information about
    dan gagal bayar tentang eksposur risiko kredit                           credit risk exposures, which are analyzed by
    yang dianalisa berdasarkan yurisdiksi atau wilayah                       jurisdiction or region and by product and borrower
    dan menurut jenis produk dan peminjam serta                              type as well as credit risk assessment. For some
    penilaian risiko kredit. Untuk beberapa portofolio,                      portfolios, information purchased from external
    informasi yang dibeli dari penilai kredit eksternal                      credit analyst is also used.
    juga digunakan.




                                                         Halaman - 274 - Page
                                                                                  Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1399
Page 813
       Performa                 Laporan                  Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                         Fungsi
         2023                  Manajemen              Perusahaan           Manajemen atas Kinerja Bank              Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       59. ANALISIS KUALITAS KREDIT (lanjutan)                              59. CREDIT QUALITY ANALYSIS (continued)

            Pengukuran      Kerugian       Kredit   Ekspektasian                 Measurement       of    Expected     Credit       Losses
            (lanjutan)                                                           (continued)

            Penentuan     Struktur    Probability     of   Default               Determination of the Probability of Default
            (lanjutan)                                                           Structure (continued)

            Bank menggunakan model statistik untuk                               The Bank uses a statistical model to analyze the
            menganalisa data yang dikumpulkan dan                                collected data and produce an estimate of the
            menghasilkan perkiraan probability of default (PD)                   probability of default (PD) for the remaining life and
            atas umur tersisa dan bagaimana hal ini                              how this is expected to change as a result of the
            diperkirakan akan berubah sebagai akibat dari                        passage of time.
            berlalunya waktu.

            Analisa ini mencakup identifikasi dan kalibrasi                      This analysis includes the identification and
            hubungan antara perubahan tingkat gagal bayar                        calibration of the relationship between changes in
            dan perubahan dalam faktor-faktor makro ekonomi                      default rates and changes in key macroeconomic
            utama serta analisa mendalam tentang dampak                          factors as well as an in-depth analysis of the
            faktor-faktor lain tertentu (misalkan restrukturisasi)               impact of other certain factors (e.g. restructuring)
            pada risiko gagal bayar. Untuk sebagian besar                        on the risk of default. For most exposures, the
            eksposur, indikator makro ekonomi utama meliputi:                    main macroeconomic indicators include: GDP
            pertumbuhan PDB, suku bunga acuan, dan tingkat                       growth, benchmark interest rates, and the
            pengangguran. Untuk eksposur pada industri                           unemployment rate. For exposures in certain
            dan/atau wilayah tertentu, analisa dapat mencakup                    industries and/or regions, the analysis can include
            harga komoditas dan/atau harga properti yang                         commodity prices and/or relevant property prices.
            relevan.

            Penentuan Terjadinya           Peningkatan     Risiko                Determination of Significant Increase in Credit
            Kredit Secara Signifikan                                             Risk

            Bank mempergunakan sejumlah kriteria untuk                           Bank uses several criteria for determining that
            menentukan telah terjadi peningkatan risiko kredit                   credit risk has increased significantly.
            secara signifikan.

            Kriteria tersebut ditetapkan menggunakan faktor                      The criteria are determined using qualitative and
            kuantitatif dan kualitatif termasuk penentuan                        quantitative factors including determination based
            berdasarkan status hari tunggakan yang dapat                         on arrear day status that can indicate significant
            mengindikasikan telah terjadi peningkatan risiko                     increase in credit risk since initial recognition.
            kredit yang signifikan terhadap saat awal diberikan.

            Bank dimungkinkan menggunakan penilaian dari                         The Bank can also use the judgment of credit
            analis kredit dan jika memungkinkan, pengalaman                      analysts and, if possible, relevant historical
            historis yang relevan, dalam menentukan bahwa                        experience, in determining that the exposure may
            eksposur     mungkin    saja   telah  mengalami                      have experienced a significant increase in credit
            peningkatan     risiko  kredit   yang  signifikan                    risk based on certain qualitative indicators that are
            berdasarkan indikator kualitatif tertentu yang                       considered to indicate this and their effects may
            dianggap dapat mengindikasikan hal tersebut                          not be fully reflected in quantitative analysis in a
            dimana pengaruhnya mungkin belum sepenuhnya                          comprehensive manner on a timely manner.
            tercermin pada saat dilakukan analisis kuantitatif
            secara komprehensif dan tepat waktu.




                                                           Halaman - 275 - Page
1400   Menduniakan Bisnis Indonesia
Page 814
     Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                             PT BANK NEGARA           Sosial
                                                                 INDONESIA       Komitmen Tbk
                                                                             (PERSERO)                        Laporan
      Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                       Keuangan
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                       31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

59. ANALISIS KUALITAS KREDIT (lanjutan)                                 59. CREDIT QUALITY ANALYSIS (continued)

    Pengukuran              Kerugian     Kredit   Ekspektasian               Measurement         of     Expected        Credit      Losses
    (lanjutan)                                                               (continued)

    Penentuan Terjadinya Peningkatan                     Risiko              Determination of Significant Increase in Credit
    Kredit Secara Signifikan (lanjutan)                                      Risk (continued)

    Bank menentukan bahwa peningkatan risiko kredit                          The Bank determines that a significant increase in
    secara signifikan belum terjadi apabila masih                            credit risk has not occurred if it is still less than 30
    kurang dari 30 hari tunggakan. Hari tunggakan                            days in arrears. Arrear days are determined by
    ditentukan dengan menghitung jumlah hari sejak                           counting the number of days from the initial due
    tanggal jatuh tempo awal dimana pembayaran                               date where full payment has not been received.
    penuh belum diterima. Tanggal jatuh tempo                                The due date is determined without considering the
    ditentukan tanpa mempertimbangkan masa                                   grace period that might be available to the
    tenggang yang mungkin tersedia bagi peminjam.                            borrower.

    Bank memantau efektivitas kriteria yang digunakan                        The Bank monitors the effectiveness of the criteria
    dalam mengidentifikasi peningkatan risiko kredit                         used in identifying significant increases in credit
    yang signifikan dengan cara reviu berkala.                               risk by periodic review.

    Modifikasi Aset Keuangan                                                 Modification of Financial Assets

    Ketentuan kontraktual pinjaman dapat dimodifikasi                        Loan contractual terms can be modified for a
    untuk beberapa alasan, termasuk perubahan                                number of reasons, including changes in market
    kondisi pasar, retensi pelanggan dan faktor-faktor                       conditions, customer retention and other factors
    lain yang tidak terkait dengan penurunan kredit                          not related to the current credit decline. Loans with
    saat ini. Pinjaman yang ketentuan kontraktualnya                         modified contractual terms can cause the initial
    dimodifikasi dapat menyebabkan pinjaman awal                             loan to be derecognized and recognized the
    dihentikan pengakuannya dan pinjaman hasil                               modified loan as a new loan at fair value.
    modifikasi diakui sebagai pinjaman baru pada nilai
    wajar.

    Ketika ketentuan kontraktual pinjaman dimodifikasi                       When the contractual terms of the loan are
    dan tidak mengakibatkan penghentian pengakuan,                           modified and do not result in termination of
    penentuan terjadinya peningkatan risiko kredit                           recognition, determining the occurrence of a
    secara    signifikan   dilakukan   dengan    cara                        significant increase in credit risk is done by
    membandingkan:                                                           comparing:
    •   Sisa PD sepanjang umur pada tanggal                                  • PD remaining life at reporting date based on
        pelaporan berdasarkan ketentuan yang                                     modified provision; with
        dimodifikasi; dengan
    •   Sisa PD sepanjang umur yang diestimasi                               •   Residual PD throughout the estimated age
        berdasarkan data pada saat pengakuan awal                                based on data at initial recognition and initial
        dan ketentuan kontraktual awal.                                          contractual provisions.

    Definisi Gagal Bayar (Default)                                           Definition of Failed Payment (Default)

    Grup menganggap aset keuangan dalam keadaan                              The Group considers financial assets as default
    default/gagal bayar ketika:                                              when:
    •   Debitur tidak mungkin membayar kewajiban                             • The debtor is unlikely to pay its credit
        kreditnya kepada secara penuh, tanpa                                    obligation in full, without assistance (recourse)
        bantuan (recourse) dari Grup; atau                                      from the Group; or
    •   Debitur telah melewati jatuh tempo lebih dari                        • The debtors have past due more than 90 days
        90 hari atas kewajiban kredit material apapun                           for any material credit obligations to the
        kepada Grup.                                                            Group.




                                                         Halaman - 276 - Page
                                                                                  Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1401
Page 815
       Performa                 Laporan                  Profil
                                            PT BANK NEGARA                   Analisa dan Pembahasan
                                                                 INDONESIA (PERSERO)        Tbk                            Fungsi
         2023                  Manajemen              Perusahaan           Manajemen atas Kinerja Bank                 Penunjang Bisnis
                                               DAN ENTITAS ANAK/AND SUBSIDIARIES

       CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
       KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
       31 DESEMBER 2023 DAN 2022                                                                   31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)              (Expressed in millions of Rupiah, unless otherwise stated)

       59. ANALISIS KUALITAS KREDIT (lanjutan)                              59. CREDIT QUALITY ANALYSIS (continued)

            Pengukuran      Kerugian       Kredit   Ekspektasian                 Measurement         of     Expected     Credit       Losses
            (lanjutan)                                                           (continued)

            Definisi Gagal Bayar (Default) (lanjutan)                            Definition     of        Failed   Payment          (Default)
                                                                                 (continued)

            Dalam menilai apakah debitur dalam keadaan                           In assessing whether a debtor is in default, the
            default/gagal bayar, Grup mempertimbangkan                           Group considers the following indicators:
            indikator berikut:
            •    Kualitatif seperti pelanggaran persyaratan                      •   Qualitative such as violations of the terms of
                 perjanjian (covenants);                                             the agreement (covenants);
            •    Kuantitatif seperti status tunggakan; dan                       •   Quantitative such as arrears status; and
            •    Berdasarkan data yang dikembangkan secara                       •   Based on data developed internally and
                 internal dan diperoleh dari sumber eksternal.                       obtained from external sources.

            Input, Asumsi, dan Teknik yang Digunakan                             Inputs, Assumptions, and Techniques Used in
            dalam Mengestimasi Penurunan Nilai                                   Estimating Impairment

            Penggunaan informasi perkiraan masa depan                            Use of forward-looking information
            (forward-looking)

            Grup menggunakan informasi forward-looking                           The Group uses forward-looking information in
            dalam menilai apakah telah terjadinya peningkatan                    assessing whether there has been a significant
            risiko kredit secara signifikan dan pengukuran                       increase in credit risk and measurement of
            kerugian kredit ekspektasian. Berdasarkan saran                      expected credit losses. Based on advice from the
            dari Komite Manajemen Risiko, pakar ekonomi dan                      Risk Management Committee, economists and
            pertimbangan berbagai informasi aktual dan                           consideration of various actual information and
            perkiraan eksternal, Grup merumuskan pandangan                       external forecast, the Group formulated a base
            dasar (base case) tentang pergerakan variabel                        case for the movement of relevant economic
            ekonomi yang relevan di masa depan serta                             variables in future as well as forecasts of other
            perkiraan skenario lain yang mungkin terjadi.                        possible scenarios. This process involves
            Proses ini meliputi pengembangan dua atau lebih                      developing two or more additional economic
            skenario       ekonomi        tambahan           dan                 scenarios and considering the relative probabilities
            mempertimbangkan       probabilitas  relatif     dari                of the possible outputs. External information
            keluaran (output) yang mungkin. Informasi                            includes economic data and estimation published
            eksternal mencakup data ekonomi dan perkiraan                        by, such as government agencies and selected
            yang diterbitkan oleh, seperti badan pemerintah                      private sector analysts and academics.
            dan analis sektor swasta dan akademisi terpilih.

            Pandangan dasar (base case) mencerminkan                             The base case reflects the output with the highest
            keluaran dengan probabilitas yang paling tinggi dan                  probability and is used in strategic planning and
            digunakan dalam perencanaan strategis dan                            budgeting. Another scenario, reflects more
            anggaran. Skenario yang lain, mencerminkan                           optimistic outputs and more pessimistic outputs.
            keluaran yang lebih optimis dan keluaran yang
            lebih pesimis.

            Pengukuran Kerugian Kredit Ekspektasian                              Measurement of Expected Credit Loss

            Input utama dalam pengukuran kerugian kredit                         The main inputs in measuring expected credit loss
            ekspektasian adalah variabel berikut :                               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).




                                                           Halaman - 277 - Page
1402   Menduniakan Bisnis Indonesia
Page 816
     Permodalan & Praktik              Tata Kelola     Tanggung Jawab
                                             PT BANK NEGARA           Sosial
                                                                 INDONESIA       Komitmen Tbk
                                                                             (PERSERO)                        Laporan
      Manajemen Risiko                 Perusahaan         dan Lingkungan           ESG                       Keuangan
                                              DAN ENTITAS ANAK/AND SUBSIDIARIES

CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
31 DESEMBER 2023 DAN 2022                                                                       31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                 (Expressed in millions of Rupiah, unless otherwise stated)

59. ANALISIS KUALITAS KREDIT (lanjutan)                                 59. CREDIT QUALITY ANALYSIS (continued)

    Input, Asumsi, dan Teknik yang Digunakan                                 Inputs, Assumptions, and Techniques Used in
    dalam Mengestimasi Penurunan Nilai (lanjutan)                            Estimating Impairment (continued)

    Pengukuran              Kerugian     Kredit   Ekspektasian               Measurement          of     Expected          Credit       Loss
    (lanjutan)                                                               (continued)

    Parameter ini umumnya berasal dari model statistik                       These parameters generally come from statistical
    yang dikembangkan secara internal dan data                               models that are developed internally and other
    historis lainnya. Parameter ini disesuaikan untuk                        historical data. This parameter is adjusted to reflect
    mencerminkan informasi forward-looking.                                  forward-looking information.

    Estimasi PD adalah estimasi pada tanggal tertentu,                       PD estimation is an estimate on a certain date,
    yang dihitung berdasarkan model peringkat                                which is calculated based on a statistical ranking
    statistik, dan dinilai menggunakan rating yang                           model, and is assessed using a rating that is
    disesuaikan dengan berbagai kategori dari debitur                        adjusted to various categories of debtors and
    dan eksposur. Model statistik ini didasarkan pada                        exposures. This statistical model is based on data
    data yang disusun secara internal yang terdiri dari                      compiled internally consisting of quantitative and
    faktor kuantitatif dan kualitatif.                                       qualitative factors.

    LGD adalah besarnya kerugian jika terjadi gagal                          LGD is the amount of loss if there is a default. LGD
    bayar. Parameter LGD diestimasi secara historis                          parameters are historically estimated based on the
    berdasarkan tingkat pemulihan atas klaim terhadap                        level of recovery of claims against debtors who
    debitur   yang     gagal     bayar.  Model    LGD                        default. The LGD model considers the structure,
    mempertimbangkan struktur, jaminan, senioritas                           collateral, claim seniority, the debtor industry, and
    klaim, industri debitur, dan biaya pemulihan setiap                      the cost of recovering any collateral that is an
    jaminan yang merupakan bagian integral dari aset                         integral part of a financial asset.
    keuangan.

    EAD merepresentasikan estimasi eksposur jika                             EAD represents the estimated exposure in case of
    terjadi gagal bayar. EAD suatu aset keuangan                             default. EAD of a financial asset is the gross
    adalah jumlah tercatat bruto. Untuk komitmen                             carrying amount. For loan commitments and
    pinjaman dan jaminan keuangan, EAD mencakup                              financial guarantees, EAD includes the amount
    jumlah yang telah ditarik, serta jumlah potensial di                     that has been withdrawn, as well as potential future
    masa depan yang akan ditarik, yang diestimasi                            amounts to be withdrawn, which are estimated
    berdasarkan pengamatan historis dan perkiraan                            based on historical observations and forward-
    berwawasan ke depan (forward-looking).                                   looking estimates.

    Ketika pemodelan parameter dilakukan secara                              When parameter modelling is done collectively,
    kolektif, instrumen keuangan dikelompokkan                               financial instruments are grouped according to the
    berdasarkan kesamaan karakteristik risiko yang                           similarity of risk characteristics which include:
    meliputi:
    •   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;
    •   industri; dan                                                       •    industry; and
    •   lokasi geografis debitur.                                           •    debtor’s geographical location.


60. BEBAN TANGGUNG JAWAB SOSIAL DAN                                     60...TANGGUNG      JAWAB     SOSIAL                             DAN
    LINGKUNGAN (TJSL)                                                        LINGKUNGAN (TJSL) EXPENSE

    Beban TJSL yang telah dibebankan pada laporan                           TJSL expense that was charged to profit or loss
    laba rugi untuk tahun yang berakhir pada tanggal                        amounted to Rp135,958 and Rp108,344 for the
    31 Desember 2023 dan 2022 adalah masing-                                year ended 31 December 2023 and 2022,
    masing sebesar Rp135.958 dan Rp108.344.                                 respectively.




                                                         Halaman - 278 - Page
                                                                                  Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1403
Page 817
       Performa                  Laporan
                           INFORMASI                Profil       Analisa dan
                                      KEUANGAN TAMBAHAN/SUPPLEMENTARY        Pembahasan
                                                                          FINANCIAL     INFORMATION Fungsi
         2023                     Manajemen            Perusahaan        Manajemen atas Kinerja Bank             Penunjang Bisnis

                                              PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                                    ENTITAS INDUK/PARENT ENTITY

       LAPORAN POSISI KEUANGAN                                                      STATEMENTS OF FINANCIAL POSITION
       31 DESEMBER 2023 DAN 2022                                                          31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
       kecuali dinyatakan lain)                                                                    unless otherwise stated)


                                                         2023             2022

       ASET                                                                                                                     ASSETS

       Kas                                                11,123,073      13,339,830                                                Cash

       Giro pada Bank Indonesia                           64,306,677      81,932,466             Current accounts with Bank Indonesia

       Giro pada bank lain                                34,799,576      15,712,620               Current accounts with other banks
       Dikurangi: Cadangan kerugian penurunan nilai               (2)             (3)           Less: Allowance for impairment losses
                                                          34,799,574      15,712,617

       Penempatan pada bank lain dan                                                                 Placements with other banks and
         Bank Indonesia                                   40,778,538      49,800,616                                 Bank Indonesia
       Dikurangi: Cadangan kerugian penurunan nilai               (1)            (26)           Less: Allowance for impairment losses
                                                          40,778,537      49,800,590

       Efek-efek                                          27,178,454      21,066,579                            Marketable securities
       Dikurangi: Cadangan kerugian penurunan nilai         (242,941)       (246,614)           Less: Allowance for impairment losses
                                                          26,935,513      20,819,965

       Efek-efek yang dibeli                                                                                     Securities purchased
         dengan janji dijual kembali                       9,948,586      11,395,272                      under agreements to resell

       Wesel ekspor dan tagihan lainnya                   19,277,495      20,902,129                       Bills and other receivables
       Dikurangi: Cadangan kerugian penurunan nilai         (278,501)       (172,909)           Less: Allowance for impairment losses
                                                          18,998,994      20,729,220

       Tagihan akseptasi                                  17,544,789      19,970,485                          Acceptance receivables
       Dikurangi: Cadangan kerugian penurunan nilai         (477,362)     (1,102,169)           Less: Allowance for impairment losses
                                                          17,067,427      18,868,316

       Tagihan derivatif                                     995,677          685,237                           Derivative receivables

       Pinjaman yang diberikan                          687,912,534      642,629,631                                           Loans
       Dikurangi: Cadangan kerugian penurunan nilai     (46,925,323)     (50,180,236)           Less: Allowance for impairment losses
                                                        640,987,211      592,449,395

       Obligasi Pemerintah setelah penyesuaian                                                        Government Bonds adjusted for
         amortisasi diskonto dan premi                  113,494,401      107,467,657           amortization of discount and premium
       Dikurangi: Cadangan kerugian penurunan nilai          (1,504)          (1,391)           Less: Allowance for impairment losses
                                                        113,492,897      107,466,266

       Pajak dibayar di muka                                 626,869          626,869                                    Prepaid taxes

       Beban dibayar di muka                               2,668,856        3,192,291                               Prepaid expenses

       Investasi pada entitas asosiasi                    11,283,466      10,048,975                         Investment in associates

       Penyertaan saham - bersih                           5,937,637        5,143,400                         Equity investments - net

       Aset lain-lain - bersih                            14,586,449      11,896,485                                Other assets - net

       Aset tetap                                         43,260,975       40,673,094                                   Fixed assets
       Dikurangi: Akumulasi penyusutan                   (16,349,491)     (14,709,780)                 Less: Accumulated depreciation

                                                          26,911,484      25,963,314

       Aset pajak tangguhan - bersih                       7,276,800        7,486,339                        Deferred tax assets - net

       TOTAL ASET                                      1,048,725,727     997,556,847                                 TOTAL ASSETS




                                                      Lampiran – 1/1 – Schedule

1404   Menduniakan Bisnis Indonesia
Page 818
       Permodalan & INFORMASI
                    Praktik    Tata Kelola
                              KEUANGAN         Tanggung Jawab Sosial
                                           TAMBAHAN/SUPPLEMENTARY    Komitmen          Laporan
                                                                        FINANCIAL INFORMATION
        Manajemen Risiko       Perusahaan         dan Lingkungan       ESG            Keuangan

                                  PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                        ENTITAS INDUK/PARENT ENTITY

LAPORAN POSISI KEUANGAN                                                 STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2023 DAN 2022                                                     31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah,                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                               unless otherwise stated)


                                             2023             2022

LIABILITAS DAN EKUITAS                                                                           LIABILITIES AND EQUITY

LIABILITAS                                                                                                        LIABILITIES

Liabilitas segera                             5,149,449         4,686,360                       Obligations due immediately

Simpanan nasabah                            801,708,861       762,794,602                           Deposits from customers

Simpanan dari bank lain                      11,846,032        15,167,588                         Deposits from other banks

Liabilitas derivatif                            810,462          775,131                                  Derivative payables

Efek-efek yang dijual                                                                                 Securities sold under
  dengan janji dibeli kembali                 6,891,177         2,885,286                       agreements to repurchase

Liabilitas akseptasi                          5,724,660         5,257,500                               Acceptance payables

Beban yang masih harus dibayar                1,463,839         1,239,577                                  Accrued expenses

Utang pajak                                                                                                  Taxes payable
  - Pajak penghasilan badan                     679,669         1,370,877                         Corporate income tax -
  - Pajak lainnya                               101,409           149,811                                  Other taxes -

Total utang pajak                               781,078         1,520,688                                 Total taxes payable

Imbalan kerja                                 6,728,829         6,627,920                                  Employee benefits

Penyisihan                                    2,172,732         2,712,346                                             Provision

Liabilitas lain-lain                          7,671,839         4,744,051                                       Other liabilities

Efek-efek yang diterbitkan                    4,998,280         4,997,198                                    Securities issued

Pinjaman yang diterima                       29,919,191        35,158,141                                           Borrowings

Efek-efek subordinasi                        16,928,731        17,213,150                            Subordinated securities

TOTAL LIABILITAS                            902,795,160       865,779,538                               TOTAL LIABILITIES




                                          Lampiran – 1/2 – Schedule

                                                                     Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1405
Page 819
       Performa               Laporan
                        INFORMASI                Profil       Analisa dan
                                   KEUANGAN TAMBAHAN/SUPPLEMENTARY        Pembahasan
                                                                       FINANCIAL     INFORMATION Fungsi
         2023                    Manajemen             Perusahaan        Manajemen atas Kinerja Bank                 Penunjang Bisnis

                                              PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                                    ENTITAS INDUK/PARENT ENTITY

       LAPORAN POSISI KEUANGAN                                                      STATEMENTS OF FINANCIAL POSITION
       31 DESEMBER 2023 DAN 2022                                                          31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
       kecuali dinyatakan lain)                                                                    unless otherwise stated)


                                                         2023             2022

       EKUITAS                                                                                                                   EQUITY
       Modal saham:                                                                                                         Share capital:
         - Seri A Dwiwarna - nilai nominal                                                                        Class A Dwiwarna -
           Rp3.750 per saham                                                                            Rp3,750 par value per share
           (dalam Rupiah penuh)                                                                              (in full Rupiah amount)
         - Seri B - nilai nominal                                                                                 Class B – Rp3,750 -
           Rp3.750 per saham                                                                                     par value per share
           (dalam Rupiah penuh)                                                                              (in full Rupiah amount)
         - Seri C - nilai nominal                                                                                 Class C – Rp187.5 -
           Rp187,5 per saham                                                                                     par value per share
           (dalam Rupiah penuh)                                                                              (in full Rupiah amount)

       Modal dasar:                                                                                         Share capital - Authorised:
         - Seri A Dwiwarna - 1 saham                                                                  Class A Dwiwarna - 1 share -
         - Seri B – 578.683.733 saham                                                               Class B – 578,683,733 shares -
         - Seri C – 68.426.325.320 saham                                                         Class C – 68,426,325,320 shares -

       Modal ditempatkan dan disetor penuh:                                                                     Issued and fully paid:
         - Seri A Dwiwarna - 1 saham                                                                 Class A Dwiwarna - 1 share -
         - Seri B – 578.683.733 saham                                                              Class B – 578,683,733 shares -
         - Seri C – 36.678.114.582 saham                   9,054,807        9,054,807           Class C – 36,678,114,582 shares -

       Tambahan modal disetor                             19,633,584      19,633,584                             Additional paid-in capital

       Cadangan pembayaran berbasis saham                    260,116                   -                   Share-based payment reserve

       Cadangan revaluasi aset                            15,383,157      15,383,157                            Asset revaluation reserve

       Kerugian yang belum direalisasi                                                                       Unrealized loss on available-
         atas efek-efek dan Obligasi Pemerintah                                                           for-sale marketable securities
         dalam kelompok tersedia untuk dijual,                                                                 and Government Bonds,
         setelah pajak                                      (959,372)      (2,003,902)                                        net of tax

                                                                                                                   Exchange difference in
       Selisih kurs karena penjabaran laporan                                                            translation of foreign currency
         keuangan dalam mata uang asing                       (58,923)         (37,159)                            financial statements

       Saldo laba                                                                                                     Retained earnings
         Sudah ditentukan penggunaannya                                                                                   Appropriated
            Cadangan umum dan wajib                       2,778,412        2,778,412                       General and legal reserves
            Cadangan khusus                                       -                -                                Specific reserves
         Tidak ditentukan penggunaannya                 100,018,746       86,968,410                                     Unappropriated

                                                        102,797,158       89,746,822

       Saham treasuri                                        (179,960)                 -                                  Treasury shares

       TOTAL EKUITAS                                    145,930,567      131,777,309                                      TOTAL EQUITY

       TOTAL LIABILITAS DAN EKUITAS                    1,048,725,727     997,556,847                   TOTAL LIABILITIES AND EQUITY




                                                      Lampiran – 1/3 – Schedule

1406   Menduniakan Bisnis Indonesia
Page 820
                   INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
      Permodalan & Praktik      Tata Kelola    Tanggung Jawab Sosial           Komitmen                    Laporan
       Manajemen Risiko         Perusahaan        dan Lingkungan                 ESG                      Keuangan
                                     PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                           ENTITAS INDUK/PARENT ENTITY

LAPORAN LABA RUGI DAN PENGHASILAN                                      STATEMENTS OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN                                                                       COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                            FOR THE YEARS ENDED
31 DESEMBER 2023 DAN 2022                                                            31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)


                                                2023                    2022

PENDAPATAN BUNGA                                 60,520,375              54,056,248                                INTEREST INCOME

BEBAN BUNGA                                     (19,850,706)            (13,096,102)                             INTEREST EXPENSE

PENDAPATAN BUNGA - BERSIH                        40,669,669              40,960,146                        INTEREST INCOME - NET

PENDAPATAN OPERASIONAL
  LAINNYA                                                                                           OTHER OPERATING INCOME
Provisi dan komisi lainnya                       10,445,335              10,228,243                      Other fee and commission
Laba dari entitas asosiasi                        1,326,932               1,111,105            Income from investment in associates
Penerimaan kembali aset yang telah
  dihapusbukukan                                  5,029,766               3,780,086                      Recovery of assets written off
Keuntungan yang belum
  direalisasi dari perubahan nilai wajar                                                                  Unrealized gain on changes
  aset keuangan yang diukur                                                                          in fair value of financial assets
  pada nilai wajar melalui laba rugi                   63,732                  10,788                    at fair through profit or loss
Keuntungan dari penjualan aset keuangan                                                                Gain on sale of financial assets
  yang diukur pada nilai wajar melalui                                                        at fair value through comprehensive
  penghasilan komprehensif lain dan                                                                   income and fair value through
  nilai wajar melalui laba rugi                   1,153,663               1,577,808                                       profit or loss
Laba selisih kurs - bersih                        1,019,260               1,593,824                      Foreign exchange gains - net
Lain-lain                                           442,674                 379,785                                                 Others

TOTAL PENDAPATAN                                                                                        TOTAL OTHER OPERATING
  OPERASIONAL LAINNYA                            19,481,362              18,681,639                                  INCOME

PEMBENTUKAN CADANGAN KERUGIAN                                                                                    ALLOWANCE FOR
  PENURUNAN NILAI                                (9,070,912)            (11,403,259)                        IMPAIRMENT LOSSES

BEBAN OPERASIONAL LAINNYA                                                                         OTHER OPERATING EXPENSES
Gaji dan tunjangan                              (11,891,511)            (11,667,756)               Salaries and employees’ benefits
Umum dan administrasi                            (8,501,261)             (8,234,539)                     General and administrative
Beban promosi                                      (996,481)             (1,075,832)                            Promotion expense
Premi penjaminan                                 (1,476,244)             (1,411,806)                            Guarantee premium
Lain-lain                                        (2,937,787)             (3,027,788)                                        Others

TOTAL BEBAN OPERASIONAL LAINNYA                 (25,803,284)            (25,417,721)               TOTAL OPERATING EXPENSES

LABA OPERASIONAL                                 25,276,835              22,820,805                             OPERATING INCOME

BEBAN BUKAN                                                                                                         NON-OPERATING
  OPERASIONAL - BERSIH                               (21,236)              (107,966)                               EXPENSES - NET

LABA SEBELUM BEBAN PAJAK                         25,255,599              22,712,839               INCOME BEFORE TAX EXPENSE

BEBAN PAJAK                                                                                                              TAX EXPENSE
  Kini                                           (4,386,618)             (4,997,178)                                         Current
  Tangguhan                                         (84,783)                817,700                                         Deferred

TOTAL BEBAN PAJAK                                (4,471,401)             (4,179,478)                           TOTAL TAX EXPENSE

LABA TAHUN BERJALAN                              20,784,198              18,533,361                         INCOME FOR THE YEAR




                                              Lampiran – 2/1 – Schedule

                                                                               Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1407
Page 821
                       INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
       Performa                   Laporan                Profil          Analisa dan Pembahasan                       Fungsi
         2023                    Manajemen            Perusahaan        Manajemen atas Kinerja Bank               Penunjang Bisnis
                                             PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                                   ENTITAS INDUK/PARENT ENTITY

       LAPORAN LABA RUGI DAN PENGHASILAN                                STATEMENTS OF PROFIT OR LOSS AND OTHER
       KOMPREHENSIF LAIN                                                                 COMPREHENSIVE INCOME
       UNTUK TAHUN-TAHUN YANG BERAKHIR                                                      FOR THE YEARS ENDED
       31 DESEMBER 2023 DAN 2022                                                      31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah,                                                (Expressed in millions of Rupiah,
       kecuali dinyatakan lain)                                                               unless otherwise stated)


                                                        2023             2022

       LABA TAHUN BERJALAN                               20,784,198       18,533,361                        INCOME FOR THE YEAR

       PENGHASILAN KOMPREHENSIF                                                                           OTHER COMPREHENSIVE
         LAIN:                                                                                                      INCOME:

       Pos-pos yang tidak akan                                                                                 Items that will not be
         direklasifikasi ke laba rugi                                                                 reclassified to profit or loss

       Pengukuran kembali liabilitas                                                                          Remeasurement of post
         imbalan kerja                                      (504,986)        274,189                           employment benefit

       Pajak penghasilan terkait dengan                                                                         Income tax relating to
         komponen pendapatan                                                                                   components of other
         komprehensif lain                                     95,945         (52,096)                       comprehensive income

       Pos-pos yang akan                                                                                             Items that will be
         direklasifikasi ke laba rugi                                                                 reclassified to profit or loss
       Penyesuaian akibat penjabaran                                                                            Translation adjustment
         laporan keuangan dalam                                                                                   of foreign currency
         mata uang asing                                     (21,764)         (20,284)                          financial statements

       Keuntungan/(kerugian) dari perubahan nilai                                                             Gain/(losses) on changes
         wajar aset keuangan yang diukur                                                              in fair value of financial assets
         pada nilai wajar melalui pendapatan                                                               at fair value through other
         komprehensif lain                                1,380,217       (4,450,629)                          comprehensive income

       Pajak penghasilan terkait dengan                                                                         Income tax relating to
         komponen pendapatan                                                                                   components of other
         komprehensif lain                                  (335,688)        558,326                         comprehensive income

       LABA/(RUGI) KOMPREHENSIF                                                                        OTHER COMPREHENSIVE
         LAIN TAHUN BERJALAN                                                                     INCOME/(LOSS) FOR THE YEAR
         SETELAH PAJAK                                      613,724       (3,690,494)                           AFTER TAXES

       TOTAL LABA KOMPREHENSIF                                                                            TOTAL COMPREHENSIVE
         TAHUN BERJALAN                                  21,397,922       14,842,867                     INCOME FOR THE YEAR




                                                     Lampiran – 2/2 – Schedule

1408   Menduniakan Bisnis Indonesia
Page 822
                                                                                                                                                                              INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION

                                                                                                                                                                                                    PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                                                                                                                                                                                          ENTITAS INDUK/PARENT ENTITY

                                                                LAPORAN PERUBAHAN EKUITAS UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                                                                                                                      STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED
                                                                                                                                                                                                                                                                                                                                                                                            Manajemen Risiko
                                                                                                                                                                                                                                                                                                                                                                                           Permodalan & Praktik




                                                                31 DESEMBER 2023 DAN 2022                                                                                                                                                                                                                                         31 DECEMBER 2023 AND 2022
                                                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                                                                                                                (Expressed in millions of Rupiah, unless otherwise stated)

                                                                                                                                                                                 Rugi yang
                                                                                                                                                                              belum direalisasi
                                                                                                                                                                               atas efek-efek
                                                                                                                                                                                dan Obligasi
                                                                                                                                                                                Pemerintah
                                                                                                                                                                                yang diukur
                                                                                                                                                                              pada nilai wajar
                                                                                                                                                                                   melalui
                                                                                                                                                                                penghasilan            Selisih
                                                                                                                                                                              komprehensif lain kurs karena
                                                                                                                                                                               setelah pajak/   penjabaran
                                                                                                                                                                                 Unrealized           laporan                        Saldo laba/Retained earnings
                                                                                                                                                                                                                                                                                                                                                                                           Tata Kelola
                                                                                                                                                                                                                                                                                                                                                                                           Perusahaan




                                                                                                                                                                                   losses           keuangan
                                                                                                                                                                               on marketable      dalam mata                          Dicadangkan/
                                                                                                                                                                                 securities       uang asing/                         Appropriated
                                                                                                                                           Modal                              and Government       Exchange
                                                                                                                                       ditempatkan                             Bonds, at fair   difference from     Cadangan            Cadangan                                                        Cadangan
                                                                                                                                        dan disetor                            value through    translation of      revaluasi             umum                                                         kompensasi
                                                                                                                                          penuh/         Tambahan                   other             foreign         aset/             dan wajib/                                                   berbasis saham/
                                                                                                                                        Issued and      modal disetor/        comprehensive         currency          Asset               General             Tidak              Saham                 Share-based
                                                                                                                                       fully paid-up      Additional              income -           financial     revaluation          and legal         dicadangkan/          treasuri/             compensation           Total ekuitas/
                                                                                                                                           capital      paid-in capital          net of tax        statements        reserve             reserves        Unappropriated*)    Treasury shares             reserve              Total equity


                                                                Saldo pada tanggal 31 Desember 2022                                        9,054,807          19,633,584           (2,003,902)         (37,159)      15,383,157             2,778,412         86,968,410                       -                       -          131,777,309        Balance as of 31 December 2022

                                                                Laba komprehensif tahun berjalan                                                    -                     -         1,044,530          (21,764)                  -                   -        20,375,157                       -                       -           21,397,923       Comprehensive income for the year

                                                                Pembagian dividen                                                                   -                     -                 -                -                   -                   -         (7,324,821)                     -                       -            (7,324,821)                Distribution of dividends

                                                                Saham treasuri                                                                      -                     -                 -                -                   -                   -                  -             (179,960)                        -              (179,960)                        Treasury shares

                                                                Cadangan pembayaran berbasis saham                                                  -                     -                 -                -                   -                   -                  -                      -               260,116                260,116                    Share-based payment
                                                                                                                                                                                                                                                                                                                                                                                              dan Lingkungan




                                                                Saldo pada tanggal 31 Desember 2023                                        9,054,807          19,633,584             (959,372)         (58,923)      15,383,157             2,778,412        100,018,746              (179,960)                260,116            145,930,567        Balance as of 31 December 2023
                                                                                                                                                                                                                                                                                                                                                                                           Tanggung Jawab Sosial




                                                                *) Termasuk di dalam saldo laba tidak dicadangkan adalah pengukuran kembali liabilitas imbalan kerja.                                                                                                                *)   Included in unappropriated retained earnings is the remeasurement of post employment benefit.
                                                                                                                                                                                                                                                                                                                                                                                             ESG
                                                                                                                                                                                                                                                                                                                                                                                           Komitmen
                                                                                                                                                                                                                                                                                                                                                                                            Laporan
                                                                                                                                                                                                                                                                                                                                                                                           Keuangan




                                                                                                                                                                                                                  Lampiran – 3/1 – Schedule




Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk
1409
Page 823
1410
                                                                                                                                                                                                                                                                                                                                                              2023
                                                                                                                                                                                                                                                                                                                                                            Performa




                                                                                                                                             INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION

                                                                                                                                                                   PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                                                                                                                                                         ENTITAS INDUK/PARENT ENTITY

                               LAPORAN PERUBAHAN EKUITAS UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                                                                                                                      STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED
                               31 DESEMBER 2023 DAN 2022                                                                                                                                                                                                                                         31 DECEMBER 2023 AND 2022
                               (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                                                                                                                (Expressed in millions of Rupiah, unless otherwise stated)


                                                                                                                                                Rugi yang
                                                                                                                                             belum direalisasi
                                                                                                                                              atas efek-efek
                                                                                                                                               dan Obligasi




Menduniakan Bisnis Indonesia
                                                                                                                                               Pemerintah
                                                                                                                                               yang diukur
                                                                                                                                             pada nilai wajar
                                                                                                                                                                                                                                                                                                                                                             Laporan




                                                                                                                                                  melalui
                                                                                                                                                                                                                                                                                                                                                            Manajemen




                                                                                                                                               penghasilan           Selisih
                                                                                                                                             komprehensif lain kurs karena
                                                                                                                                              setelah pajak/   penjabaran
                                                                                                                                                Unrealized          laporan                         Saldo laba/Retained earnings
                                                                                                                                                  losses          keuangan
                                                                                                                                              on marketable      dalam mata                          Dicadangkan/
                                                                                                                                                securities       uang asing/                         Appropriated
                                                                                                          Modal                              and Government       Exchange
                                                                                                      ditempatkan                             Bonds, at fair   difference from     Cadangan            Cadangan                                                        Cadangan
                                                                                                       dan disetor                            value through    translation of      revaluasi             umum                                                         kompensasi
                                                                                                         penuh/         Tambahan                   other            foreign          aset/             dan wajib/                                                   berbasis saham/
                                                                                                       Issued and      modal disetor/        comprehensive         currency          Asset               General             Tidak              Saham                 Share-based
                                                                                                      fully paid-up      Additional              income -          financial      revaluation          and legal         dicadangkan/          treasuri/             compensation           Total ekuitas/
                                                                                                          capital      paid-in capital          net of tax       statements         reserve             reserves        Unappropriated*)    Treasury shares             reserve              Total equity


                               Saldo pada tanggal 31 Desember 2021                                        9,054,807          19,633,584            1,888,401          (16,875)      15,383,157             2,778,412         70,937,585              (207,475)                        -          119,451,596         Balance as of 31 December 2021

                               Laba komprehensif tahun berjalan                                                    -                     -        (3,892,303)         (20,284)                  -                   -        18,755,454                       -                       -           14,842,867        Comprehensive income for the year
                                                                                                                                                                                                                                                                                                                                                               Profil




                               Pembagian dividen                                                                   -                     -                 -                -                   -                   -         (2,724,629)                     -                       -            (2,724,629)                  Distribution of dividends
                                                                                                                                                                                                                                                                                                                                                            Perusahaan




                               Alokasi pembagian saham treasuri                                                                                                                                                                                                                                                         Allocation of treasury shares for
                                   untuk pembayaran bebasis saham                                                  -                     -                 -                -                   -                   -                  -             207,475                 (207,475)                       -   share-based compensation reserve

                               Cadangan pembayaran berbasis saham                                                  -                     -                 -                -                   -                   -                  -                      -               207,475                207,475                      Share-based payment

                               Saldo pada tanggal 31 Desember 2022                                        9,054,807          19,633,584           (2,003,902)         (37,159)      15,383,157             2,778,412         86,968,410                       -                       -          131,777,309         Balance as of 31 December 2022




                               *) Termasuk di dalam saldo laba tidak dicadangkan adalah pengukuran kembali liabilitas imbalan kerja.                                                                                                                *)   Included in unappropriated retained earnings is the remeasurement of post employment benefit.
                                                                                                                                                                                                                                                                                                                                                             Analisa dan Pembahasan
                                                                                                                                                                                                                                                                                                                                                            Manajemen atas Kinerja Bank
                                                                                                                                                                                                                                                                                                                                                                Fungsi




                                                                                                                                                                                 Lampiran – 3/2 – Schedule
                                                                                                                                                                                                                                                                                                                                                            Penunjang Bisnis
Page 824
     Permodalan & Praktik    Tata Kelola
                  INFORMASI KEUANGAN         Tanggung Jawab Sosial
                                         TAMBAHAN/SUPPLEMENTARY    Komitmen          Laporan
                                                                      FINANCIAL INFORMATION
      Manajemen Risiko       Perusahaan         dan Lingkungan       ESG            Keuangan

                                     PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                           ENTITAS INDUK/PARENT ENTITY

LAPORAN ARUS KAS                                                                       STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR                                                               FOR THE YEARS ENDED
31 DESEMBER 2023 DAN 2022                                                               31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)

                                               2023              2022

ARUS KAS DARI AKTIVITAS                                                                                  CASH FLOWS FROM
 OPERASI                                                                                           OPERATING ACTIVITIES
Penerimaan pendapatan bunga                     59,996,938        52,972,566                      Receipts from interest income
Pembayaran beban bunga                         (19,602,509)      (12,752,182)                     Payments of interest expense
Pendapatan operasional lainnya                  18,016,066        23,847,522                           Other operating income
Beban operasional lainnya                      (27,619,639)      (24,305,126)                        Other operating expenses
Beban bukan operasional - bersih                   (21,236)         (107,966)                      Non-operating expense - net
Pembayaran pajak penghasilan                    (5,077,826)       (4,713,856)                           Payment of income tax
Arus kas sebelum perubahan dalam                                                               Cash flows before changes in
 aset dan liabilitas operasi                    25,691,794        34,940,958                operating assets and liabilities

Perubahan dalam aset dan liabilitas                                                       Changes in operating assets and
 operasi:                                                                                                        liabilities:
 (Kenaikan)/penurunan aset operasi:                                                (Increase)/decrease in operating assets:
   Penempatan pada Bank Indonesia dan                                               Placements with Bank Indonesia and
    Bank lain                                     (120,097)         300,990                               other banks
   Efek-efek dan Obligasi
    Pemerintah yang diukur                                                                    Marketable securities and
    pada nilai wajar melalui                                                           Government Bonds at fair value
    laporan laba rugi                             (333,239)        2,325,901                      through profit or loss
   Efek-efek yang dibeli                                                                             Securities purchased
    dengan janji dijual kembali                  1,446,686        10,615,696               under agreements to resell
   Wesel ekspor dan tagihan lainnya              1,624,634          (936,193)                 Bills and other receivables
   Pinjaman yang diberikan                     (59,673,241)      (72,015,974)                                         Loans
   Tagihan akseptasi                             2,425,696         1,586,955                     Acceptance receivables
   Biaya dibayar di muka                           523,435          (122,829)                           Prepaid expenses
   Penempatan term deposit valas                                                         Foreign exchange term deposit
    devisa hasil ekspor                         (2,540,505)                -                      from export activities
   Aset lain-lain                                  373,977          (869,570)                                 Other assets
                                                                                          (Decrease)/increase in operating
 (Penurunan)/kenaikan liabilitas operasi:                                                                         liabilities:
    Liabilitas segera                              463,089           132,625                Obligations due immediately
    Simpanan nasabah                            38,914,259        33,247,447                   Deposits from customers
    Simpanan dari bank lain                     (3,321,556)          790,579                  Deposits from other banks
    Beban yang masih harus dibayar                 224,262           112,737                           Accrued expenses
    Imbalan kerja                                  733,456          (201,995)                          Employee benefits
    Liabilitas akseptasi                           467,160          (330,569)                       Acceptance payables
    Utang pajak                                    (48,402)          394,807                               Taxes payable
    Kewajiban atas penempatan                                                                          Liabilites related to
        term deposit valas                                                                     foreign exchange term
        devisa hasil ekspor                      2,540,505                 -             deposit from export activities
Liabilitas lain-lain                               (93,483)         (145,974)                              Other liabilities
Kas bersih                                                                                              Net cash provided from
 diperoleh dari aktivitas operasi                9,298,430         9,825,591                             operating activities

                                                                                            CASH FLOWS FROM INVESTING
ARUS KAS DARI AKTIVITAS INVESTASI                                                                         ACTIVITIES
Penjualan efek-efek
 yang diukur pada nilai wajar melalui                                                                   Proceed of marketable
 penghasilan komprehensif lain dan                                                          securities measured at fair value
 biaya perolehan yang                                                                  through other comprehensive income
 diamortisasi                                   53,505,429        49,258,377                             and amortized cost
Pembelian efek-efek
 yang diukur pada nilai wajar melalui                                                                 Placement of marketable
 penghasilan komprehensif lain dan                                                          securities measured at fair value
 biaya perolehan yang                                                                  through other comprehensive income
 diamortisasi                                  (56,048,294)      (53,072,923)                             and amortized cost
Penjualan dari Obligasi                                                                      Proceed from Government Bonds
 Pemerintah yang diukur pada nilai wajar                                                                 at fair value through
 melalui penghasilan komprehensif lain                                                                  other comprehensive
 dan biaya perolehan yang                                                                                          income and
 diamortisasi                                   49,685,651        57,751,678                                   amortized cost


                                             Lampiran – 4/1 – Schedule

                                                                         Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1411
Page 825
       Performa              Laporan
                       INFORMASI               Profil        Analisa dan
                                  KEUANGAN TAMBAHAN/SUPPLEMENTARY        Pembahasan
                                                                      FINANCIAL     INFORMATION Fungsi
         2023                   Manajemen             Perusahaan         Manajemen atas Kinerja Bank                 Penunjang Bisnis

                                             PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                                   ENTITAS INDUK/PARENT ENTITY

       LAPORAN ARUS KAS                                                                        STATEMENTS OF CASH FLOWS
       UNTUK TAHUN-TAHUN YANG BERAKHIR                                                                FOR THE YEARS ENDED
       31 DESEMBER 2023 DAN 2022                                                                31 DECEMBER 2023 AND 2022
       (Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
       kecuali dinyatakan lain)                                                                         unless otherwise stated)

                                                        2023             2022

                                                                                                       CASH FLOWS FROM INVESTING
       ARUS KAS DARI AKTIVITAS INVESTASI                                                                             ACTIVITIES
         (lanjutan)                                                                                                   (continued)

       Pembelian dari Obligasi
          Pemerintah yang diukur pada nilai wajar                                                    Placement of Government Bonds
          melalui penghasilan komprehensif lain                                                                   at fair value through
          dan biaya perolehan yang                                                                      other comprehensive income
          diamortisasi                                  (54,264,953)     (73,078,284)                              and amortized cost
        Pembelian aset tetap                             (2,129,821)      (2,150,686)                         Acquisition of fixed assets
        Hasil penjualan aset tetap                            3,298          488,007                Proceeds from sale of fixed assets
        Penyertaan modal investasi asosiasi                       -         (425,756)          Capital injection in investment associate
        Investasi pada Entitas Anak                               -       (3,500,000)                           Investment in Subsidiary
        Penyertaan pada Entitas Anak                       (800,000)        (500,000)                     Capital injection in Subsidiary
        Kas bersih digunakan untuk                                                                                     Net cash used in
         aktivitas investasi                            (10,048,690)     (25,229,587)                              investing activities

       ARUS KAS DARI AKTIVITAS                                                                         CASH FLOWS FROM FINANCING
         PENDANAAN                                                                                                   ACTIVITIES
       Penerimaan pinjaman
         yang diterima                                   15,162,991       13,071,735                             Receipt from borrowings
       Pembayaran pinjaman
         yang diterima                                  (20,455,830)       (9,691,700)                              Borrowings payment
       Penerimaan efek-efek yang                                                                               Proceed in securities sold
         dijual dengan janji dibeli kembali               4,011,546         1,042,592                  under agreements to repurchase
       Penerimaan efek-efek yang diterbitkan                      -         5,000,000                     Receipt from securities issued
       Pembayaran efek-efek yang diterbitkan                      -        (3,000,000)                                 Securities issued
       Saham treasuri                                      (179,960)                -                                   Treasury shares
       Pembayaran liabilitas sewa                          (211,769)         (304,015)                          Payment of lease liability
       Pembayaran dividen                                (7,324,821)       (2,724,629)                            Payment of dividends
       Kas bersih (digunakan untuk)/                                                                             Net cash (used in)/
         diperoleh dari aktivitas pendanaan              (8,997,843)        3,393,983           provided from financing activities

       PENURUNAN BERSIH                                                                                      NET DECREASE IN
         KAS DAN SETARA KAS                              (9,748,103)     (12,010,013)            CASH AND CASH EQUIVALENTS

       KAS DAN SETARA KAS PADA                                                                         CASH AND CASH EQUIVALENTS
         AWAL TAHUN                                    160,782,453       172,904,846                       AT BEGINNING OF YEAR
       Pengaruh perubahan kurs                                                                                 Effect of foreign currency
        mata uang asing                                     (149,662)        (112,380)                        exchange rate changes
       KAS DAN SETARA KAS PADA                                                                         CASH AND CASH EQUIVALENTS
         AKHIR TAHUN                                   150,884,688       160,782,453                             AT END OF YEAR




                                                     Lampiran – 4/2 – Schedule

1412   Menduniakan Bisnis Indonesia
Page 826
       Permodalan & Praktik    Tata Kelola
                    INFORMASI KEUANGAN         Tanggung Jawab Sosial
                                           TAMBAHAN/SUPPLEMENTARY    Komitmen          Laporan
                                                                        FINANCIAL INFORMATION
        Manajemen Risiko       Perusahaan         dan Lingkungan       ESG            Keuangan

                                    PT BANK NEGARA INDONESIA (PERSERO) Tbk
                                          ENTITAS INDUK/PARENT ENTITY

CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR                                                                     FOR THE YEARS ENDED
31 DESEMBER 2023 DAN 2022                                                              31 DECEMBER 2023 AND 2022
(Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)

Perubahan pada liabilitas yang timbul dari aktivitas                   Changes in liabilities arising from financing
pendanaan pada laporan arus kas adalah sebagai                         activities in the cash flow statement is as follows:
berikut:
                                 1 Januari/      Arus kas/       Lain-lain/        31 Desember /
                               January 2023      Cash flow        Others           December 2023
Pinjaman yang diterima            35,158,141       (5,292,840)          53,890           29,919,191                          Borrowings
Efek-efek yang dijual dengan                                                                                      Securities sold under
   janji dibeli kembali            2,885,286        4,011,546            (5,655)          6,891,177        agreements to repurchase
Efek-efek yang diterbitkan         4,997,198                -             1,082           4,998,280                    Securities issued
Efek-efek subordinasi             17,213,150                -          (284,419)         16,928,731             Subordinated securities
Pembayaran dividen                         -       (7,324,821)        7,324,821                   -               Payment of dividends
Saham treasuri                             -         (179,960)                -            (179,960)                    Treasury shares
Liabilitas sewa                    1,082,863         (211,769)          362,864           1,233,958                      Lease liabilities
                                  61,336,638       (8,997,844)        7,452,583          59,791,377


                                 1 Januari/      Arus kas/       Lain-lain/         31 Desember/
                               January 2022      Cash flow        Others           December 2022
Pinjaman yang diterima            31,676,848       3,380,035           101,258           35,158,141                          Borrowings
Efek-efek yang dijual dengan                                                                                      Securities sold under
   janji dibeli kembali            1,828,652        1,042,592            14,042           2,885,286        agreements to repurchase
Efek-efek yang diterbitkan         2,999,839        2,000,000            (2,641)          4,997,198                    Securities issued
Efek-efek subordinasi             15,764,682                -         1,448,468          17,213,150             Subordinated securities
Pembayaran dividen                         -       (2,724,629)        2,724,629                   -                Payment of dividend
Saham treasuri                      (207,475)               -           207,475                   -                     Treasury shares
Liabilitas sewa                    1,243,696         (304,015)          143,182           1,082,863                      Lease liabilities
                                  53,306,242       3,393,983          4,636,413          61,336,638


1.   Ikhtisar kebijakan akuntansi yang penting                   1.    Summary of significant accounting policies

     Dasar penyusunan laporan keuangan tersendiri                       Basis of preparation of the separate financial
     entitas induk.                                                     statements of the parent entity.

     Laporan keuangan tersendiri entitas induk disusun                  The separate financial statements of the parent
     sesuai dengan Pernyataan Standar Akuntansi                         entity are prepared in accordance with the
     Keuangan (“PSAK”) 4 (revisi 2013), “Laporan                        statement of Financial Accounting Standards
     Keuangan Tersendiri”.                                              (“SFAS”) 4 (revised 2013), “Separate Financial
                                                                        Statements”.
     PSAK 4 (Revisi 2013) mengatur dalam hal entitas                    SFAS 4 (Revised 2013) regulates that when an
     menyajikan laporan keuangan tersendiri maka                        entity presents the separate financial statements,
     laporan tersebut hanya dapat disajikan sebagai                     such financial statements should be presented as
     informasi tambahan dalam laporan keuangan                          supplementary information to the consolidated
     konsolidasian. Laporan keuangan tersendiri adalah                  financial    statements.      Separate     financial
     laporan yang disajikan oleh entitas induk yang                     statements are those presented by a parent entity,
     mencatat investasi pada entitas anak, entitas                      in which the investments of subsidiaries,
     asosiasi, dan pengendalian bersama entitas                         associated entities and jointly controlled entities
     berdasarkan kepemilikan ekuitas langsung bukan                     are accounted for on the basis of the direct equity
     berdasarkan pelaporan hasil dan aset bersih                        interest rather than on the basis of the reported
     investee.                                                          results and net assets of the investees.
     Kebijakan akuntansi yang diterapkan dalam                          Accounting policies adopted in the preparation of
     penyusunan laporan keuangan tersendiri entitas                     the parent entity separate financial statements are
     induk adalah sama dengan kebijakan akuntansi                       the same as the accounting policies adopted in the
     yang diterapkan dalam penyusunan laporan                           preparation of the         consolidated financial
     keuangan     konsolidasian          sebagaimana                    statements as disclosed in Note 2 to the
     diungkapkan pada Catatan 2 atas laporan                            consolidated financial statements, except for
     keuangan konsolidasian, kecuali untuk penyertaan                   investments in Subsidiaries which are stated at
     pada Entitas Anak yang disajikan pada biaya                        cost.
     perolehan.
2.   Penyertaan Saham                                            2.    Equity Investment

     Informasi mengenai Entitas Anak yang dimiliki                      Information pertaining to Subsidiaries of the Bank
     Bank diungkapkan pada Catatan 1i atas laporan                      is disclosed in Note 1i to the        consolidated
     keuangan konsolidasian.                                            financial statements.

                                                Lampiran – 5 – Schedule

                                                                              Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1413
Page 827
       Performa                               Laporan                    Profil                   Analisa dan Pembahasan               Fungsi


       Attachment of Republic of Indonesia
         2023                                Manajemen                Perusahaan                 Manajemen atas Kinerja Bank       Penunjang Bisnis




       Financial Services Authority Circular
       Letter No. 9/SEOJK.03/2020
       Concerning Transparency and
       Publication of Conventional
       Commercial Bank Reports
        DESCRIPTION                                                                                                                     PAGE
        1. Informasi Umum
           a. Financial Highlights presents financial information in a comparative format for 2 (two) fiscal years, or since
              the Bank began its business for banks that have been in business for less than 2 (two) years. At the very least,          18-23
              financial highlights covers:
                  i) Net interest income;
                  ii) Operating profit;
                  iii) Profit before tax;
                  iv) Net profit;
                  v) Total comprehensive profit (loss);
                  vi) Net income per share;
                  vii) Total assets;
                  viii) Total liabilities;
                  ix) Total equity;
                  x) Earning assets;
                  xi) Third party funds;
                  xii) Borrowing;
                  xiii) CAR;
                  xiv) Return on Assets (ROA);
                  xv) Return on Equity (ROE);
                  xvi) Profit margin (loss) to income ratio)
                  xvii)Operating Expenses to Operating Income Ratio (BOPO);
                  xviii) Cost to Income Ratio (CIR);
                  xix) Percentage of violations and Exceedance of Legal lending Limit (BMPK);
                  xx) Mandatory Minimum Reserves (GWM) ration;
                  xxi) Net Open Position (PDN) Ratio; And
                  xxii)Other information and ratios relevant to the banking industry.
           b. Bank Profile
                  The Bank Profile covers at the very least:
                  1) Name of the Bank, including if there is a name change, the reason for the change, and the effective date of
                                                                                                                                        72; 77
                     the name change in the financial year;
                  2) Access to Banks, including branch offices or representative offices that enable the public to obtain
                                                                                                                                        73-74
                     information regarding Issuers or Public Companies, including:
                      • Address;                                                                                                           √
                      • Telephone number;                                                                                                  √
                      • Electronic mail address; and                                                                                       √
                      • Website address;                                                                                                   √
                  3) Brief history of the Bank;                                                                                         76-77
                  4) Bank vision and mission;                                                                                           78-79
                  5) Business activities according to the latest articles of association, business activities carried out in the
                                                                                                                                        82-85
                     financial year, as well as the types of goods and/or services produced;
                  6) The Bank’s organizational structure is at least 1 (one) level below the board of directors, accompanied by
                                                                                                                                        88-89
                     name and position;



1414   Menduniakan Bisnis Indonesia
Page 828
 Permodalan & Praktik              Tata Kelola          Tanggung Jawab Sosial             Komitmen                      Laporan
  Manajemen Risiko                 Perusahaan              dan Lingkungan                   ESG                        Keuangan




DESCRIPTION                                                                                                                             PAGE
       7) Shareholders structue and composition, namely the names of shareholders and percentage of ownership,
                                                                                                                                        152-158
          including:
           • Shareholders structue and composition, namely the names of shareholders and percentage of ownership, including:               √
           • Members of the board of directors and members of the board of commissioners who own Bank shares;                              √
           • Public shareholder groups, namely groups of shareholders who each own less than 5% (five percent) of
                                                                                                                                           √
               the Bank’s shares;
           • Information regarding the main and controlling shareholders of the Bank, both directly and indirectly,
                                                                                                                                           √
                down to individual owners, presented in the form of a scheme or chart;
       8) Name of subsidiary entities, associated companies or joint venture companies where the Bank exercise
          a joint control with the entity, with the percentage of share ownership, lines of business, total assets, and                 160-168
          operating status of the entity (if any);
       9) For subsidiary entities, include information on address of such subsidiary entities;                                          162-166
       10) Profiles of the Board of Directors and Board of Commissioners, covering at least:                                        92-104; 106-118
           • Composition of the Board of Directors and the Board of Commissioners, with the position and brief
                                                                                                                                           √
               resume of the respective members;
           • Names and position according to the duties and responsibilities;                                                              √
           • Latest photograph;                                                                                                            √
           • Age                                                                                                                           √
           • Nationality;                                                                                                                  √
           • Education background;                                                                                                         √
           • Work history, including information on:                                                                                       √
               »   Legal basis of appointment as member of the Board of Directors and Board of Commissioner of the
                                                                                                                                           √
                   Bank;
               »   Concurrent position(s), as a member of the Board of Directors, Board of Commissioners, and/or
                                                                                                                                           √
                   committes and other position (if any); and
               »   Work history, with period of service, with or without the Bank;                                                         √
               »   Education and/or training attended by members of the Board of Directors and Board of
                                                                                                                                           √
                   Commissioners for competence development during the fiscal year (if any); and
               »   Affiliated relationships with other members of the Board of Directors, Board of Commissioners, or
                                                                                                                                           √
                   the majority shareholder (if any), disclosing the name of affiliated party.
       11) In the event of changes in the membership composition of the Board of Directors and/ or the Board of
           Commissioners occuring subsequent to the end of the FiscalYear and up to the deadline for submission of the annual
                                                                                                                                   104-105; 118-120
           report of published financial statements and information on financial performance, membership composition of the
           Board of Directors and/or Board of Commissioners shall be presented both prior and after such change(s);
       12) Brief profiles of executive officers, with structure, position and summary curriculum vitae;                                 126-144
       13) Total headcount, and employee distribution in the Fiscal Year by education and age; and                                      145-147
       14) Domestic and international awards and/or certifications received by the Bank in the last Fiscal Year (if any),
                                                                                                                                        191-195
           which covers:
           • Name of award and/or certification;                                                                                           √
           • Issuing institution or agency; and                                                                                            √
           • Validity period of such award and/or certification (if any)                                                                   √
2. Information on Financial Performance
   a. Report of the Board of Directors                                                                                                   54-67
       Brief description of the Bank performance, at the very least covering:
       i) Strategy and policies of the Bank’s management, including for the Sharia Business Unit (UUS) for banks
          that have an UUS;
       ii) Comparison between achievement and targets;
       iii) Constraints faced by the Bank;
       iv) Overview of business prospects;
       v) Implementation of Bank Governance;
       vi) Changes in the composition of the Board of Directors and reason for such changes (if any)
       vii) Organization structure;
       viii) Primary activities;
       ix) Information Technology;




                                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1415
Page 829
       Performa                           Laporan                        Profil                    Analisa dan Pembahasan                Fungsi
         2023                            Manajemen                    Perusahaan                  Manajemen atas Kinerja Bank        Penunjang Bisnis




        DESCRIPTION                                                                                                                       PAGE
                  x) Types of products and services, including lending to debtors in the micro, small and medium business
                     sectors;
                  xi) Interest rates on deposits and loans;
                  xii) Developments in the economy and target market;
                  xiii) Business and partnership networks, domestic and/or overseas;
                  xiv) Number, types and location of offices;
                  xv) Ownership by the Board of Directors, Board of Commissioners and shareholders in the Bank business
                      group;
                  xvi) Significant changes in the Bank or the Bank business group in the reporting year;
             xvii) Prediction of significant future issues; and
             xviii) Human resources, covering number of employees as well as education, training, and development
                    programs for human resources.
           b. Report of the Board of Commissioners                                                                                        44-52
                  The report of the Board of Commissioners covers at least:
                  i) Assessment of the performance of the Board of Directors in the management of the Bank;
                  ii) Supervision of the implementation of Bank’s strategies;
                  iii) Opinion on the business prospects as prepared by the Board of Directors;
                  iv) Opinion on the implementation of Bank governance;
                  v) Changes in the composition of the Board of Commissioners and reason for such changes (if any); and
                  vi) Frequency and mechanism for advising members of the Board of Directors;
           c. Management Discussion & Analysis                                                                                           198-374
                  Management discussion and analysis presents an analysis and discussion of financial statements accounts
                  and other important information with an emphasis on material changes that occurred during the Fiscal Year,
                  which at least includes:
                  i) Review of operations by business segment, including for UUS, at least of:
                     • Income; and
                     • Profitability;
                  ii) Review of financial performance, comprising a comparison of the financial performance for the current
                      year with the previous year, as well as explanation on the cause of changes and impact of such changes,
                      covering at least:
                     • Investment of funds (investments and disbursement of loans/financing) and total assets;
                     • Third party funds and other sources of funding;
                     • Equity;
                     • Income, expenses, profit (loss), other comprehensive income, and total comprehensive profit (loss);
                     • Cash flows; and
                     • Prime lending rate;
                  iii) Analysis of the quality of earning assets and relevant financial ratios;
                  iv) Capital structure of Bank;
                  v) Material information and facts subsequent to the date of accountant report (if any); and
                  vi) Marketing aspects of Bank’s products, at least on marketing strategy amd market share;
        3. Information on Risk Exposure and Capital
           Risk and capital exposures include annual period risk and capital exposure reports as stipulated in Part II of the risk
                                                                                                                                         430-587
           and capital exposure publication report.
        4. Governance Information
           In the event that the Bank combines the governance implementation report in the Financial Publication and
           Financial Performance Information Annual Report, the scope and guidelines for filling out refer to the POJK                  589-1068
           concerning governance implementation for commercial banks.
        5. Sustainability Report
           a. Sustainability Report as regulated in the relevant POJK, a Sustainability Report covers the implementation
              of sustainable finance for financial services institutions, issuers and public companies. In the event that the
              Bank includes the sustainability report into the Annual Financial Publication Report and Financial Performance
              Information, the scope and guidelines for such report shall refer to the applicable POJK.
           b. Report on the implementation of social and environmental responsibility as regulated in the relevant laws and
              regulations on social and environmental responsibility for limited liability companies.




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DESCRIPTION                                                                                                                            PAGE
       i) Information on the implementation of social and environmental responsibility covers the management
          policy, types of programs and costs expended, on aspects of:
           • Environment’
           • Employment practices;
           • Sound institutional practices;
           • Consumer; and
           • Community development.
       ii) In the event that the Bank presents information on social and environmental responsibility as referred to
           in number 1) in a separate report such as in a social and environmental responsibility report, the Bank is
           exempted from disclosing information regarding social and environmental responsibility in the annual
           report of published financial statements and information on financial performance.
6. Annual Financial Statements
   The annual financial statements that have been audited by a Public Accountant and Public Accountant Firm
   registered with Financial Services Authority.
7. Information on the Business Group of the Bank
   a. A Bank that is part of a business group and/or has a Subsidiary, shall additionally report on:                                170-171; 615
       i) Structure of the Bank business group, covering:                                                                              170-171
           • The structure of the business group, comprising the Bank, Subsidiary Entities, related (sister) companies,
                                                                                                                                       170-171
               Parent Entity, and up to the ultimate shareholder;
           • The structure of management inter-relationship of entities in the business group; and                                152-158; 170-171
           • Any shareholders acting in concert. Shareholders acting in concert refer to individual or institutional
               shareholders with a common objective of controlling the Bank, with or without a formal agreement;
       ii) Transactions between the Bank and related parties in the Bank’s business group, with consideration of the
           following:
           • Information on transactions with related parties, whether conducted by the Bank or by any entity in the
                Bank business group in the financial sector;
           • Related parties are parties defined as such in relevant financial accounting standards;
           • Types of transaction with related parties, including:
               »   Cross shareholding;
               »   Transactions by a business group performed in the interest of another business group
               »   Short-term liquidity management in the business group;
               »   Funding provided to, or received by, another entity in a business group;
               »   Exposure to a majority shareholder in the form of loans, commitments and contingencies; and
               »   Transactions for the purchase, sale and/or rental of assets with another entity in the business group,
                   including transactions with repurchase agreements (repo);
       iii) Transactions with related parties conducted by each entity in the Bank business group in the financial
            sector;
       iv) The provision of funding, commitments or equivalent facilities from an entity in the Bank business group to
           the customers and/or parties that already received financing from the Bank; and
       v) Any prohibition, restriction, and/or other significant constraint to transfer funds or to fulfill the required
          regulatory capital between the Bank and other entities in a business group;
8. Additional Information for Banks that are also an Issuer and/or Public Company
   Banks that are Issuers and/or Public Companies should include information as stipulated in the provisions
   concerning the form and content of the annual report of Issuers or Public Companies




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       Cross-Reference No. 16/
       SEOJK.04/2021:
       Format and Completing the Annual
       Report of Issuers or Public Companies
        DESCRIPTION                                                                                                                          PAGE
        I. General Terms
           In this Financial Services Authority Circular Letter what is meant by:                                                               √
           a. The Annual Report is a report on the board of directors and board of commissioners accountability in
              managing and supervising issuers or public companies within a period of 1 (one) fiscal year to the general
                                                                                                                                                √
              meeting of shareholders prepared based on the provisions of the Financial Services Authority Regulation
              concerning the Annual Report of issuers or public companies.
           b. Issuers are parties who make public offerings.                                                                                    √
           c. A Public Company is a company whose shares are owned by at least 300 (three hundred) shareholders and
              has a paid-up capital of at least Rp3,000,000,000.00 (three billion rupiah) or a number of shareholders and                       √
              paid-up capital as determined by the Financial Services Authority.
           d. A Public Company is an Issuer that has made a public offering of equity securities or a Publically-listed
                                                                                                                                                √
              Company
           e. A Sustainability Report is a report published to the public that contains the economic, financial, social,
              and environmental performance of a financial service institution, Issuer, and Public Company in running a                         √
              sustainable business.
           f. Board of Directors:                                                                                                               √
                  i) For an Issuer or a Public Company in the form of a limited liability company, it is the Board of Directors as
                     referred to in the Financial Services Authority Regulation concerning the Board of Directors and Board of                  √
                     Commissioners of an Issuer or Public Company; and
                  ii) For an Issuer or a Public Company in the form of a legal entity other than a limited liability company, it
                      is the body that carries out the management of the legal entity as referred to in the laws and regulations                √
                      concerning the legal entity.
           g. Board of Commissioners:                                                                                                           √
                  i) For an Issuer or a Public Company in the form of a limited liability company, the Board of Commissioners
                     as referred to in the Financial Services Authority Regulation concerning the Board of Directors and Board                  √
                     of Commissioners of an Issuer or Public Company; and
                  ii) For the Issuer or Public Company in the form of a legal entity other than a limited liability company, it is the
                                                                                                                                                √
                      body that supervises the legal entity as referred to in the laws and regulations concerning the legal entity.
           h. General Meeting of Shareholders hereinafter abbreviated as GMS:                                                                   √
                  i) For an Issuer or a Public Company in the form of a limited liability company, it is the GMS as referred to
                     in the Financial Services Authority Regulation concerning the Planning and Organizing of the General                       √
                     Meeting of Shareholders of a Public Company; and
                  ii) For an Issuer or Public Company in the form of a legal entity other than a limited liability company, it is the
                      body that has authority that is not given to any other body that carries out management and supervisory
                                                                                                                                                √
                      functions, within the limits specified in the legislation and/or articles of association governing the legal
                      entity.
           The Annual Report of Issuers or Public Companies is an important source of information for investors or
           shareholders as one of the basic considerations in making investment decisions and a means of supervision of                         √
           Issuers or Public Companies.
           Along with the development of the capital market and the increasing need for information disclosure by investors
           or shareholders, the Board of Directors and the Board of Commissioners are required to present quality, accurate,                    √
           and accountable information through the Annual Reports of Issuers or Public Companies.
           Annual Reports that are prepared regularly and informatively can provide convenience for investors or
                                                                                                                                                √
           shareholders and stakeholders in obtaining the required information.
           This Financial Services Authority Circular is a guideline for Issuers or Public Companies that must be applied in
                                                                                                                                                √
           preparing Annual Reports and Sustainability Reports.




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DESCRIPTION                                                                                                                             PAGE
II. Report Format
1. The Annual Report is presented in the form of printed and electronic documents.                                                        √
2. The Annual Report is presented in the form of a printed document, printed on light colored paper, of good quality,
                                                                                                                                          √
   A4 size, bound, and can be reproduced with good quality.
3. The 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 the form of an electronic document is the Annual Report converted into a
                                                                                                                                          √
   portable document format (PDF).
III. Annual Report Contents
1. The Annual Report shall at least contain:
   a. Overview of important financial data;
   b. Stock information (if any);
   c. Report of the Board of Directors;
   d. Report of the Board of Commissioners;
   e. Profile of the Issuer or Public Company;                                                                                            71
   f. Management analysis and discussion;                                                                                                197
   g. Governance of Issuers or Public Companies;                                                                                         589
   h. Social and environmental responsibility of the Issuer or Public Company;                                                           1071
   i. Audited annual financial report; and                                                                                               1129
   j. Statement letter of members of the Board of Directors and members of the Board of Commissioners
                                                                                                                                        68-69
      regarding their responsibility for the Annual Report.
2. Description of Annual Report Contents
   a. Summary of Important Financial Data Summary of important financial data containing financial information
      that is presented in the form of a comparison for 3 (three) fiscal years or since starting its business if the Issuer             18-23
      or Public Company has carried out its business activities for less than 3 (three) years, at least containing:
       i) Income/sales;
       ii) Gross profit;
       iii) Profit (loss);
       iv) The amount of profit (loss) attributable to owners of the parent entity and non-controlling interests;
       v) Total comprehensive profit (loss);
       vi) Total comprehensive profit (loss) attributable to owners of the parent entity and non-controlling interests;
       vii) Earning (loss) per share;
       viii) Total assets;
       ix) Total liabilities;
       x) Total equity;
       xi) Ratio of profit (loss) to total assets;
       xii) Ratio of profit (loss) to equity;
       xiii) Ratio of profit (loss) to revenue/sales;
       xiv) Current ratio;
       xv) Ratio of liabilities to equity;
       xvi) Ratio of liabilities to total assets; and
       xvii)Other information and financial ratios relevant to the Issuer or Public Company and the type of industry.
   b. Stock information
                                                                                                                                        27-29
      Stock information for a Public Company shall at least contain:
       i) shares that have been issued for each quarterly period presented in the form of a comparison for the last 2
          (two) fiscal years, at least containing:
           • number of shares outstanding;
           • market capitalization based on the price on the stock exchange where the shares are listed;
           • the highest, lowest, and closing share prices based on prices on the stock exchange where the shares are
               listed; and
           • trading volume on the stock exchange where the shares are listed.
       ii) Information in letter b), letter c) and letter d) is only disclosed if the shares are listed on a stock exchange;




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        DESCRIPTION                                                                                                                           PAGE
                     • in the event of a corporate actions that causes changes in shares, such as stock splits, reverse stock, stock
                          dividends, bonus shares, changes in the nominal value of shares, issuance of conversion securities, as
                          well as capital additions and deductions, stock information as referred to in number 1) shall be added
                          with at least an explanation regarding:
                     • the date of implementation of the corporate action;
                     • the ratio of stock splits, reverse stock, stock dividends, bonus shares, the number of convertible securities
                         issued, and changes in the nominal value of shares;
                     • the number of outstanding shares before and after the corporate action;
                     • the number of convertible securities exercised (if any); and
                     • the share price before and after the corporate action;
                  iii) in the event of a temporary suspension of share trading (suspension) and/or delisting of shares in the fiscal
                       year, the reasons for the suspension and/or delisting of shares shall be explained; and
                  iv) in the event that the temporary suspension of share trading as referred to in number 3) and/or the delisting
                      process is still ongoing until the end of the Annual Report period, it explains the actions taken to resolve
                      the temporary suspension of share trading and/or cancellation of the share listing (delisting).
           c. Board of Directors’ Report                                                                                                      54-67
                  The Board of Directors’ report shall at least contain a brief description of:
                  i) performance of the Issuer or Public Company, at least containing:
                     • strategy and strategic policies of the Issuer or Public Company;
                     • role of the Board of Directors in formulating strategies and strategic policies of Issuers or Public
                          Companies;
                     • process carried out by the Board of Directors to ensure the implementation of the Issuer’s or Public
                         Company’s strategy;
                     • comparison between the results achieved and those targeted by the Issuer or Public Company; and
                     • obstacles faced by Issuers or Public Companies;
                  ii) description of the business prospects of the Issuer or Public Company; and
                  iii) implementation of the governance of Issuers or Public Companies.
                  iv) Perubahan komposisi anggota Direksi dan alasan perubahannya (jika ada);
           d. Board of Commissioners’ Report                                                                                                  44-52
                  The Board of Commissioners’ report shall at least contain a brief description of:
                  i) evaluation of the performance of the Board of Directors regarding the management of Issuers or
                     Public Companies, including the supervision of the Board of Commissioners in the formulation and
                     implementation of strategies for Issuers or Public Companies carried out by the Board of Directors;
                  ii) views on the business prospects of the Issuer or Public Company prepared by the Board of Directors; and
                  iii) views on the implementation of governance of the Issuer or Public Company.
           e. Issuer or Public Company Profile                                                                                                72-195
                  The profile of the Issuer or Public Company contains at least the following information:
                  i) name of the Issuer or Public Company, including if there is a change in name, the reason for the change,
                                                                                                                                              72; 77
                     and the effective date of the name change in the fiscal year;
                  ii) access to Issuers or Public Companies including branch offices or representative offices that enable the
                                                                                                                                                73
                      public to obtain information about Issuers or Public Companies, including:
                     • address;                                                                                                                  √
                     • telephone number;                                                                                                         √
                     • e-mail address; and                                                                                                       √
                     • website address;                                                                                                          √
                  iii) brief history of the Issuer or Public Company;                                                                         76-77
                  iv) vision and mission of the Issuer or Public Company as well as the corporate culture or corporate values;                78-81
                  v) business activities according to the latest articles of association, business activities carried out in the fiscal
                                                                                                                                              82-85
                     year, as well as types of goods and/or services produced;
                  vi) operational area of the Issuer or Public Company; operational area is the area or area for the
                                                                                                                                              86-87
                      implementation of operational activities or the range of the company’s operational activities.
                  vii) 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)               88-89
                       and committees under the Board of Commissioners, accompanied by names and positions;
                  viii) list of industry association memberships both on a national and international scale related to the
                                                                                                                                              90-91
                       implementation of sustainable finance;


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DESCRIPTION                                                                                                                           PAGE
       ix) Directors’ profile, at least containing:                                                                                   92-105
           • name and position in accordance with the duties and responsibilities;                                                      √
           • recent photograph;                                                                                                         √
           • age;                                                                                                                       √
           • nationality;                                                                                                               √
           • education history and/or certification;                                                                                    √
           • position history, including information on:                                                                                √
               »    the legal basis for appointment as a member of the Board of Directors of the Issuer or Public
                                                                                                                                        √
                    Company concerned;
               »    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 is disclosed; and
               »    work experience and period of time both inside and outside the Issuer or Public Company;                            √
           • affiliation with other members of the Board of Directors, members of the Board of Commissioners,
                majority and controlling shareholders, either directly or indirectly to 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
           • 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;
       x) profile of the Board of Commissioners, at least containing:                                                                   √
           • name and position;                                                                                                         √
           • recent photograph;                                                                                                         √
           • age;                                                                                                                       √
           • nationality;                                                                                                               √
           • education history and/or certification;                                                                                    √
           • 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 is disclosed; and
               »    work experience and period of time both inside and outside the Issuer or Public Company;                            √
           • affiliation with other members of the Board of Commissioners, major shareholders, and controllers either
                directly or indirectly to individual owners, including names of affiliated parties; In the event that a
                                                                                                                                        √
                member of the Board of Commissioners has no affiliation, the Issuer or Public Company shall disclose
                this matter;
           • statement of independence of the independent commissioner in the event that the independent
                                                                                                                                        √
                commissioner has served more than 2 (two) terms; and
           • 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;
       xi) 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 last and previous
           composition of the members of the Board of Directors and/or members of the Board of Commissioners;
       xii) number of employees by gender, position, age, education level, and employment status (permanent/
                                                                                                                                     145-148
            contracted) in the fiscal year; Disclosure of information can be presented in tabular form.
       xiii) names of shareholders and percentage of ownership at the beginning and end of the fiscal year, which
                                                                                                                                       153
            consists of information regarding:
           • shareholders who own 5% (five percent) or more shares of the Issuer or Public Company;                                    155




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        DESCRIPTION                                                                                                                         PAGE
                     • members of the Board of Directors and members of the Board of Commissioners who own shares of the
                        Issuer or Public Company. In the event that all members of the Board of Directors and/or all members           92-103; 106-117
                        of the Board of Commissioners do not own shares, then this matter is disclosed; and
                     • community shareholder group, namely the group of shareholders who each own less than 5% (five
                                                                                                                                             155
                         percent) of the shares of the Issuer or Public Company;
                     The above information can be presented in tabular form.
                  xiv) the 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
                                                                                                                                       92-103; 156-157
                      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.
                  xv) number of shareholders and percentage of ownership at the end of the fiscal year based on classification:                √
                     • ownership in local institutions;                                                                                        √
                     • ownership in foreign institutions;                                                                                      √
                     • local individual ownership; and                                                                                         √
                     • foreign individual ownership;                                                                                           √
                  xvi) information regarding the majority and controlling shareholders of the Issuer or Public Company, either
                                                                                                                                             158
                      directly or indirectly, up to the individual owner, which is presented in the form of a schematic or chart;
                      the name of the subsidiary, associate, joint venture company 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 subsidiary, associated company, joint venture company;                           160-168

                      For a subsidiary, information about the address of the subsidiary is added.
             xvii) chronology of share listing, number of shares, nominal value, and offering 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, including stock splits, reverse stock, dividends shares, bonus shares, and                172-173
                   changes in the nominal value of shares, implementation of conversion effects, implementation of capital
                   additions and subtractions (if any);
              xviii) other securities listing information other than the securities as referred to in number 18), which have not
                  yet matured in the fiscal year, at least contain the name of the securities, year of issue, interest rate/yield,         174-185
                  maturity date, offering value, and securities rating (if any);
                  xix) information on the use of a public accountant (AP) and a public accounting firm (KAP) services and their
                                                                                                                                             186
                      networks/associations/alliances include:
                     • name and address;                                                                                                       √
                     • assignment period;                                                                                                      √
                     • information on audit and/or non-audit services provided;                                                                √
                     • audit and/or non-audit fees for each assignment given during the fiscal year; and                                       √
                     • in the event that AP and KAP and their network/association/alliance, which are appointed do not provide
                                                                                                                                               √
                          non-audit services, then the information is disclosed; and
                         Disclosure of information on the use of AP and KAP services and their networks/associations/aliances
                         can be presented in tabular form.
                  xx) name and address of capital market supporting institutions and/or professionals other than AP and KAP                186-187
           f. Management Analysis and Discussion                                                                                           196-374
                  Management analysis and discussion contains analysis and discussion of financial statements and other
                  important information with an emphasis on material changes that occurred in the fiscal year, which at least
                  contains:
                  i) a review of operations per business segment according to the type of industry of the Issuer or Public
                                                                                                                                           206-263
                     Company, at least regarding:
                     • production, which includes the process, capacity, and development;
                     • income/sales; and
                     • profitability;
                  ii) 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            280-311
                      regarding:
                     • current assets, non-current assets, and total assets;
                     • current liabilities, long term liabilities, and total liabilities;




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DESCRIPTION                                                                                                                               PAGE
           • equity;
           • income/sales, expenses, profit (loss), other comprehensive income, and total comprehensive profit (loss); and
           • cash flows;
       iii) ability to pay debts or obligations by presenting the relevant ratio calculations;                                             321
       iv) collectibility level of the Issuer’s or Public Company’s receivables by presenting the relevant ratio
                                                                                                                                         322-330
           calculations;
       v) capital structure and management policies on the capital structure with the basis for determining the said policy;             331-332
       vi) discussion of material ties for capital goods investment with an explanation that at least contains:                          332-333
           • the purpose of the bond;
           • the expected source of funds to fulfill the commitment;
           • the currency in which it is denominated; and
           • steps that are planned by the Issuer or Public Company to protect the risk from the related foreign
                currency position;
       vii) discussion of capital goods investments realized in the last fiscal year, at least contains:                                   333
           • type of capital goods investment;
           • the purpose of capital goods investment; and
           • the total of capital goods investments;
       viii) information and material facts occurring after the date of the accountant’s report (if any);                                  333
       ix) the business prospects of the Issuer or Public Company are related to the conditions of the industry, the
           general economy and the international market accompanied by quantitative supporting data from reliable                          339
           data sources;
       x) comparison between the target/projection at the beginning of the fiscal year with the results achieved
                                                                                                                                         334-336
          (realization), regarding:
           • income/sales;
           • profit (loss);
           • capital structure; or
           • other matters deemed important to the Issuer or Public Company;
       xi) targets/projections to be achieved by the Issuer or Public Company for the next 1 (one) year, regarding:                        340
           • profit (loss);
           • Laba (rugi);
           • capital structure; or
           • dividend policy; or
           • other matters deemed important to the Issuer or Public Company;
       xii) marketing aspects of the goods and/or services of the Issuer or Public Company, at least regarding the
                                                                                                                                         341-343
            marketing strategy and market share;
       xiii) description of dividends for the last 2 (two) fiscal years, at least:                                                       344-346
           • dividend policy, which includes information on the percentage of dividends distributed to net income;
           • date of payment of cash dividends and/or date of distribution of non-cash dividends;
           • the amount of dividends per share (cash and/or non-cash); and
           • the amount of dividends paid annually;
           Disclosure of information can be presented in tabular form. In the event that the Issuer or Public Company
           does not distribute dividends in the last 2 (two) years, this matter shall be disclosed.
       xiv) realization of the use of proceeds from the public offering, provided that:                                                  349-354
           • 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, then the realization of the cumulative use of the proceeds from the public offering
                shall be disclosed until the end of the fiscal year; and
           • in the event that there is a change in the use of funds as regulated in the Financial Services Authority
                Regulation regarding the report on the realization of the use of the proceeds from the public offering,
                the Issuer shall explain the change;
       xv) material information (if any), regarding investment, expansion, divestment, business merger/
           consolidation, acquisition, debt/capital restructuring, material transactions, affiliated transactions, and                   356-364
           conflict of interest transactions, which occurred during the fiscal year, at least containing:




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        DESCRIPTION                                                                                                                          PAGE
                     • date, value, and object of the transaction;
                     • name of the party conducting the transaction;
                     • nature of the affiliation relationship (if any);
                     • explanation of the fairness of the transaction;
                     • compliance with related provisions; and
                     • in the event that there is an affiliation relationship, apart from disclosing the information as referred to in
                          letter a) to letter e), the Issuer or Public Company also discloses information:
                         »   a statement from the Board of Directors that the affiliate transaction has gone through adequate
                             procedures to ensure that the affiliate transaction is carried out in accordance with generally
                             accepted business practices, by complying with the arms-length principle; and
                         »   the 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, by complying with the arms-length principle;
                     • for affiliated transactions or material transactions which are business activities carried out to generate
                          business income and are carried out regularly, repeatedly, and/or continuously, an explanation is added
                          that the affiliated transactions or material transactions are business activities carried out 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 is added.
                     • for disclosure of affiliated transactions and/or conflict of interest transactions resulting from the
                          implementation of affiliated transactions and/or conflict of interest transactions that have been
                          approved by independent shareholders, additional information regarding the date of the GMS which
                          approved
                         in the event that there is no affiliated transaction and/or conflict of interest transaction, then this shall
                         be disclosed;
                  xvi) changes in the provisions of laws and regulations that have a significant effect on Issuers or Public
                                                                                                                                            365-373
                      Companies and their impact on financial statements (if any); and
             xvii) changes in accounting policies, reasons and impact on financial statements (if any).                                       374
           g. Issuer or Public Company Governance                                                                                          589-1068
                  The governance of the Issuer or Public Company shall at least contain a brief description of:
                  i) GMS, at least contains:
                     • Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year prior to the fiscal year
                                                                                                                                            620-636
                          include:
                         »   Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year prior to the
                                                                                                                                                √
                             fiscal year include:
                         »   resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that have not been
                                                                                                                                                √
                             realized and the reasons for not realizing them;
                     • in the event that the Issuer or Public Company uses an independent party in the conduct of the GMS to
                                                                                                                                         619; 622; 629;
                          calculate the votes, then this matter shall be disclosed;
                  ii) The Board of Directors, at least contains:                                                                            637-679
                     • duties and responsibilities of each member of the Board of Directors;                                                641-646
                     • Information regarding the duties and responsibilities of each member of the Board of Directors is
                          described and can be presented in tabular form.
                     • a statement that the Board of Directors has guidelines or charter for the Board of Directors;                          637
                     • kebijakan dan pelaksanaan frekuensi rapat Direksi, rapat Direksi bersama Dewan Komisaris, dan tingkat
                                                                                                                                            652-666
                         kehadiran anggota Direksi dalam rapat tersebut termasuk kehadiran dalam RUPS;
                     • Informasi tingkat kehadiran anggota Direksi dalam rapat Direksi, rapat Direksi bersama Dewan Komisaris,
                          atau RUPS dapat disajikan dalam bentuk tabel.
                     • training and/or competency development of members of the Board of Directors:                                         666-677
                         »   policies for training and/or improving the competence of members of the Board of Directors, including
                                                                                                                                              666
                             an orientation program for newly appointed members of the Board of Directors (if any); and
                         »   training and/or competency improvement attended by members of the Board of Directors in the
                                                                                                                                            666-677
                             fiscal year (if any);
                     • the Board of Directors’ assessment of the performance of the committees that support the
                                                                                                                                              679
                         implementation of the Board of Directors’ duties for the fiscal year shall at least contain:
                         »   performance appraisal procedures; and                                                                            679



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DESCRIPTION                                                                                                                        PAGE
               »   the criteria used are performance achievements during the fiscal year, are competence and
                                                                                                                                    679
                   attendance at meetings; and
           • 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.
       iii) The Board of Commissioners, at least contains:                                                                        680-723
           • duties and responsibilities of the Board of Commissioners;                                                           685-687
           • ) a statement that the Board of Commissioners has guidelines or charter for the Board of Commissioners;                680
           • policies 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 level of attendance of members of the               690-707
               Board of Commissioners in these meetings including attendance at the GMS;
               Information on the level of attendance 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 can be presented in tabular form.
           • training and/or competency improvement of members of the Board of Commissioners:                                     708-712
               »   policy on competency training and/or development of members of the Board of Commissioners,
                   including orientation programs for newly appointed members of the Board of Commissioners (if                     708
                   any); and
               »   competency training and/or development attended by members of the Board of Commissioners in
                                                                                                                                  708-712
                   the fiscal year (if any);
           • performance appraisal of the Board of Directors and the Board of Commissioners as well as each member
                                                                                                                                  717-721
               of the Board of Directors and the Board of Commissioners, at least containing:
               »   procedures for implementing performance appraisals;                                                            717; 719
               »   criteria used are performance achievements during the fiscal year, competency and attendance at
                                                                                                                                  717; 720
                   meetings; and
               »   party conducting the assessment; and                                                                           717; 719
           • Board of Commissioners’ assessment of the performance of the Committees that support the
                                                                                                                                  722-723
               implementation of the duties of the Board of Commissioners in the fiscal year includes:
               »   performance appraisal procedures; and                                                                            723
               »   the criteria used are performance achievements during the fiscal year, competency and attendance
                                                                                                                                    723
                   at meetings;
       iv) The nomination and remuneration of the Board of Directors and the Board of Commissioners shall at least
                                                                                                                                  727-737
           contain:
           • nomination procedure, including a brief description of the policies and process for nomination of
                                                                                                                                  727-728
               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
                                                                                                                                    728
               Commissioners, among others:
               »   procedures for determining remuneration for the Board of Directors and the Board of
                                                                                                                                  729; 733
                   Commissioners;
               »   the remuneration structure of the Board of Directors and the Board of Commissioners such as                   729-731;
                   salary, allowances, tantiem/bonus and others; and                                                             734-735
               »   the amount of remuneration for each member of the Board of Directors and member of the Board                  732-733;
                   of Commissioners; Disclosure of information can be presented in tabular form.                                 736-737
       v) The sharia supervisory board, for Issuers or Public Companies that carry out business activities based on
                                                                                                                                    N/A
          sharia principles as stated in the articles of association, shall at least contain:
           • name;
           • legal basis for the appointment of the sharia supervisory board;
           • period of assignment of the sharia supervisory board;
           • duties and responsibilities of the sharia supervisory board; and
           • frequency and method of providing advice and suggestions as well as supervising the fulfillment of sharia
                principles in the capital market to Issuers or Public Companies;
                                                                                                                             752-767; 115; 114;
       vi) The audit committee, at least contains:
                                                                                                                                   117
                                                                                                                             752-767; 115; 114;
           • name and position in committee membership;
                                                                                                                                   117
                                                                                                                             752-767; 115; 114;
           • age
                                                                                                                                   117




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        DESCRIPTION                                                                                                                         PAGE
                                                                                                                                      752-767; 115; 114;
                     • nationality;
                                                                                                                                            117
                                                                                                                                      752-767; 115; 114;
                     • educational history;
                                                                                                                                            117
                                                                                                                                      752-767; 115; 114;
                     • position history, including information on:
                                                                                                                                            117
                         »    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 member of the committee as well as other positions (if any); and
                         »    work experience and period of time both inside and outside the Issuer or Public Company;                         √
                     • work experience and period of time both inside and outside the Issuer or Public Company;                            755-756
                     • statement of independence of the audit committee;                                                                     758
                     • training and/or competency improvement that have been followed in the fiscal year (if any);                    758-759; 709-711
                     • policies and implementation of the frequency of audit committee meetings and the level of attendance of
                                                                                                                                           760-764
                         audit committee members in those meetings; and
                     • the implementation of the audit committee’s activities for the fiscal year in accordance with the guidelines
                                                                                                                                           765-767
                         or charter of the audit committee;
                  vii) the implementation of the audit committee’s activities for the fiscal year in accordance with the guidelines
                                                                                                                                           768-787
                       or charter of the audit committee;
                     • name and position in committee membership;                                                                     771-772; 106-117
                     • age;                                                                                                           771-772; 106-117
                     • nationality;                                                                                                   771-772; 106-117
                     • educational history;                                                                                           771-772; 106-117
                     • position history, including information on:                                                                    771-772; 106-117
                         »    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 period of time both inside and outside the Issuer or Public Company;                         √
                     • period and term of office of the committee members;                                                                 771-772
                     • statement of committee independence;                                                                                774-775
                     • training and/or competency improvement that have been followed in the fiscal year (if any);                    775-777; 709-712
                     • description of duties and responsibilities;                                                                         777-779
                     • a statement that it has a guideline or charter;                                                                       779
                     • policies and implementation of the frequency of meetings and the level of attendance of members at the
                                                                                                                                           779-786
                         meeting;
                     • brief description of the implementation of activities in the fiscal year; and                                       786-787
                     • in the event that no nomination and remuneration committee is formed, the Issuer or Public Company is
                          sufficient to disclose the information as referred to in letter i) to letter l) and disclose:
                         »    reasons for not forming the committee; and
                         »    the party carrying out the nomination and remuneration function;
                                                                                                                                          787-798;
                                                                                                                                          798-815

                                                                                                                                      822; 823-824; 824-
                  viii) other committees owned by Issuers or Public Companies in order to support the functions and duties              826; 826-830;
                       of the Board of Directors (if any) and/or committees that support the functions and duties of the Board of          831-832;
                       Commissioners, at least containing:                                                                                 832-834;
                                                                                                                                           834-836;
                                                                                                                                           836-838;
                                                                                                                                           839-841;
                                                                                                                                           841-842




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DESCRIPTION                                                                                                                         PAGE
                                                                                                                                  789-790;
                                                                                                                              108; 111; 113; 116
                                                                                                                                  800-805;
                                                                                                                              106-107; 109; 110;
                                                                                                                                     112
           • other committees owned by Issuers or Public Companies in order to support the functions and duties of
                                                                                                                             822; 823-824; 824-
               the Board of Directors (if any) and/or committees that support the functions and duties of the Board of
                                                                                                                               826; 826-830;
               Commissioners, at least containing:                                                                                831-832;
                                                                                                                                  832-834;
                                                                                                                                  834-836;
                                                                                                                                  836-838;
                                                                                                                                  839-841;
                                                                                                                                  841-842
                                                                                                                                  789-790;
                                                                                                                              108; 111; 113; 116
                                                                                                                                  800-805;
                                                                                                                              106-107; 109; 110;
                                                                                                                                     112

                                                                                                                             822; 823-824; 824-
           • age;
                                                                                                                               826; 826-830;
                                                                                                                                  831-832;
                                                                                                                                  832-834;
                                                                                                                                  834-836;
                                                                                                                                  836-838;
                                                                                                                                  839-841;
                                                                                                                                  841-842
                                                                                                                                  789-790;
                                                                                                                              108; 111; 113; 116
                                                                                                                                  800-805;
                                                                                                                              106-107; 109; 110;
                                                                                                                                     112

                                                                                                                             822; 823-824; 824-
           • nationality;
                                                                                                                               826; 826-830;
                                                                                                                                  831-832;
                                                                                                                                  832-834;
                                                                                                                                  834-836;
                                                                                                                                  836-838;
                                                                                                                                  839-841;
                                                                                                                                  841-842
                                                                                                                                  789-790;
                                                                                                                              108; 111; 113; 116
                                                                                                                                  800-805;
                                                                                                                              106-107; 109; 110;
                                                                                                                                     112

                                                                                                                             822; 823-824; 824-
           • educational history;
                                                                                                                               826; 826-830;
                                                                                                                                  831-832;
                                                                                                                                  832-834;
                                                                                                                                  834-836;
                                                                                                                                  836-838;
                                                                                                                                  839-841;
                                                                                                                                  841-842
                                                                                                                                  789-790;
                                                                                                                              108; 111; 113; 116

                                                                                                                                  800-805;
                                                                                                                              106-107; 109; 110;
                                                                                                                                    112

           • position history, including information on:                                                                     822; 823-824; 824-
                                                                                                                               826; 826-830;
                                                                                                                                  831-832;
                                                                                                                                  832-834;
                                                                                                                                  834-836;
                                                                                                                                  836-838;
                                                                                                                                  839-841;
                                                                                                                                  841-842
               »    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


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        DESCRIPTION                                                                                                           PAGE
                     »   work experience and period of time both inside and outside the Issuer or Public Company;                √
                                                                                                                            789-790;
                                                                                                                        108; 111; 113; 116
                                                                                                                            800-805;
                                                                                                                        106-107; 109; 110;
                                                                                                                               112

                                                                                                                        822; 823-824; 824-
                  • period and term of office of the committee members;
                                                                                                                          826; 826-830;
                                                                                                                             831-832;
                                                                                                                             832-834;
                                                                                                                             834-836;
                                                                                                                             836-838;
                                                                                                                             839-841;
                                                                                                                             841-842
                                                                                                                            791-792;
                                                                                                                              806

                                                                                                                        822; 823-824; 824-
                                                                                                                          826; 826-830;
                  • statement of committee independence;                                                                     831-832;
                                                                                                                             832-834;
                                                                                                                             834-836;
                                                                                                                             836-838;
                                                                                                                             839-841;
                                                                                                                             841-842
                                                                                                                            792-793;
                                                                                                                             709-711;
                                                                                                                            806-809;
                                                                                                                        709; 710; 711; 712

                                                                                                                        822; 823-824; 824-
                  • training and/or competency improvement that have been followed in the fiscal year (if any); and       826; 826-830;
                                                                                                                             831-832;
                                                                                                                             832-834;
                                                                                                                             834-836;
                                                                                                                             836-838;
                                                                                                                             839-841;
                                                                                                                             841-842
                                                                                                                            794-795;
                                                                                                                              810

                                                                                                                        822; 823-824; 824-
                                                                                                                          826; 826-830;
                  • description of duties and responsibilities;                                                              831-832;
                                                                                                                             832-834;
                                                                                                                             834-836;
                                                                                                                             836-838;
                                                                                                                             839-841;
                                                                                                                             841-842
                                                                                                                               795;
                                                                                                                               810

                                                                                                                        822; 823-824; 824-
                                                                                                                          826; 826-830;
                  • a statement that the committee has had guidelines or charters;                                           831-832;
                                                                                                                             832-834;
                                                                                                                             834-836;
                                                                                                                             836-838;
                                                                                                                             839-841;
                                                                                                                             841-842
                                                                                                                            795-797;
                                                                                                                            810-813

                                                                                                                        822; 823-824; 824-
                  • policies and implementation of the frequency of committee meetings and the level of attendance of     826; 826-830;
                                                                                                                             831-832;
                      committee members at the meeting; and
                                                                                                                             832-834;
                                                                                                                             834-836;
                                                                                                                             836-838;
                                                                                                                             839-841;
                                                                                                                             841-842




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DESCRIPTION                                                                                                                              PAGE
                                                                                                                                          798;
                                                                                                                                        814-815

                                                                                                                                  822; 823-824; 824-
                                                                                                                                    826; 826-830;
           • a brief description of the committee’s activities for the fiscal year;                                                    831-832;
                                                                                                                                       832-834;
                                                                                                                                       834-836;
                                                                                                                                       836-838;
                                                                                                                                       839-841;
                                                                                                                                       841-842
       ix) Corporate secretary, at least contains:                                                                                      816-821
           • name;                                                                                                                        818
           • domicile;                                                                                                                    818
           • position history, including:                                                                                                 818
               »   legal basis for appointment as company secretary; and                                                                   √
               »   work experience and period of time both inside and outside the Issuer or Public Company;                                √
           • educational history;                                                                                                         818
           • training and/or competency improvement followed during the fiscal year; and                                                818-819
           • a brief description of the implementation of the duties of the corporate secretary for the fiscal year;                    819-820
       x) Internal audit unit, at least contains:                                                                                       842-854
           • name of the head of the internal audit unit;                                                                                 843
           • position history, including:                                                                                                 843
               »   legal basis for the appointment as head of the internal audit unit; and                                                 √
               »   work experience and period of time both inside and outside the Issuer or Public Company;                                √
           • qualification or certification as an internal audit profession (if any);                                                     843
           • training and/or competency improvement to be followed during the fiscal year;                                              843-844
           • structure and position of the internal audit unit;                                                                           844
           • description of duties and responsibilities;                                                                                  845
           • ) a statement that the internal audit unit has had guidelines or charters; and                                               847
           • ) a 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                          845
                Commissioners, and/or audit committee;
       xi) a description of the internal control system implemented by the Issuer or Public Company, at least
                                                                                                                                        868-872
           containing:
           • financial and operational control, as well as compliance with other laws and regulations;                                    868
           • review of the effectiveness of the internal control system; and                                                              872
           • statement of the Board of Directors and/or Board of Commissioners on the adequacy of the internal
                                                                                                                                          872
                control system;
       xii) statement of the Board of Directors and/or Board of Commissioners on the adequacy of the internal
                                                                                                                                        873-897
            control system;
           • general description of the risk management system of the Issuer or Public Company;                                           873
           • types of risks and how to manage them;                                                                                       881
           • review of the effectiveness of the Issuer’s or Public Company’s risk management system; and                                  881
           • statement of the Board of Directors and/or the Board of Commissioners or the audit committee on the
                                                                                                                                          897
                adequacy of the risk management system;
       xiii) legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries, members of
                                                                                                                                        898-902
            the Board of Directors and members of the Board of Commissioners (if any), at least contain:
           • subject matter/claim;                                                                                                      898-902
           • status of settlement of cases/claims; and                                                                                  898-901
           • effect on the condition of the Issuer or Public Company;                                                                     901
       xiv) information on administrative sanctions/sanctions imposed on Issuers or Public Companies, members of
           the Board of Commissioners and members of the Board of Directors, by the Financial Services Authority                          903
           and other authorities for the fiscal year (if any);
       xv) information regarding the code of ethics of the Issuer or Public Company includes:                                           904-905
           • main points of the code of ethics;                                                                                           904
           • form of socialization of the code of ethics and its enforcement efforts; and                                               904-905


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        DESCRIPTION                                                                                                                    PAGE
                     • a statement that the code of ethics applies to members of the Board of Directors, members of the Board
                                                                                                                                        904
                          of Commissioners, and employees of Issuers or Public Companies;
                  xvi) a 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                 906-908
                      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 must at least contain:
                     • number of shares and/or options;                                                                                   √
                     • implementation period;                                                                                             √
                     • requirements for eligible employees and/or management; and                                                         √
                     • exercise price or determination of exercise price;                                                                 √
             xvii) a brief description of the information disclosure policy regarding:                                                956-961
                     • 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
                     • implementation of the policy;                                                                                      √
             xviii) a description of the whistleblowing system at the Issuer or Public Company, at least containing:                  963-965
                     • method of submitting a violation report;                                                                         963
                     • protection for whistleblowers;                                                                                   964
                     • complaint handling;
                     • party managing the complaint; and                                                                                963
                     • result of complaint handling, at least:                                                                          965
                         »   number of complaints received and processed in the fiscal year; and                                        965
                         »   follow-up on complaints;                                                                                   965
                     In the event that the Issuer or Public Company does not have a whistleblowing system, this matter is
                     disclosed.
                  xix) a description of the anti-corruption policy of the Issuer or Public Company, at least containing:                966
                     • programs and procedures implemented in overcoming corrupt practices, kickbacks, fraud, bribery and/or
                                                                                                                                        966
                         gratification in Issuers or Public Companies; and
                     • anti-corruption training/socialization to employees of Issuers or Public Companies;                              966
                     In the event that the Issuer or Public Company does not have an anti-corruption policy, the reasons for not
                     having the said policy are explained.
                  xx) implementation of the Public Company governance guidelines for Issuers issuing equity securities or
                                                                                                                                    1.002-1.009
                      Public Companies, including:
                     • a statement regarding the recommendations that have been implemented; and/or                                       √
                     • explanation of recommendations that have not been implemented, along with reasons and alternative
                                                                                                                                          √
                         implementations (if any).
                     Disclosure of information can be presented in tabular form.
           h. Social and Environmental Responsibility of Issuers or Public Companies
                  i) 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 the
                                                                                                                                          √
                     Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies,
                     at at least includes:
                     • explanation of the sustainability strategy;                                                                        √
                     • overview of sustainability aspects (economic, social, and environmental);                                          √
                     • brief profile of the Issuer or Public Company;                                                                     √
                     • explanation of the Board of Directors;                                                                             √
                     • sustainability governance;                                                                                         √
                     • sustainability performance;                                                                                        √
                     • written verification from an independent party, if any;                                                            √
                     • feedback sheet for readers, if any; and                                                                            √
                     • the response of the Issuer or Public Company to the previous year’s report feedback;                               √
                  ii) 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;



1430   Menduniakan Bisnis Indonesia
Page 844
 Permodalan & Praktik            Tata Kelola            Tanggung Jawab Sosial             Komitmen                     Laporan
  Manajemen Risiko               Perusahaan                dan Lingkungan                   ESG                       Keuangan




DESCRIPTION                                                                                                                             PAGE
       iii) information on the Sustainability Report in number 1) can:
           • disclosed in other relevant sections outside the social and environmental responsibility section, such as
                the Directors’ explanation regarding the Sustainability Report disclosed in the section related to the                    √
                Directors’ Report; and/or
           • refers to other sections outside the social and environmental responsibility section by still referring to the
                Technical Guidelines for the Preparation of Sustainability Reports 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;
       iv) 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;
       v) In the event that the Sustainability Report is presented separately from the Annual Report, the information
                                                                                                                                          √
          disclosed in the Sustainability Report must:
           • contains all the information as referred to in number 1); and                                                                √
           • 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;
       vi) In the event that the Sustainability Report is presented separately from the Annual Report, then the
           social and environmental responsibility section contains information that information on social and
                                                                                                                                          √
           environmental responsibility has been disclosed in the Sustainability Report which is presented separately
           from the Annual Report; and
       vii) Submission of the Sustainability Report which is presented separately from the Annual Report must be
                                                                                                                                          √
            submitted together with the Annual Report.
   i. Audited Annual Financial Report
       The annual financial reports contained in the Annual Report are prepared in accordance with financial
       accounting standards in Indonesia and have been audited by a public accountant registered with the Financial
       Services Authority. The said annual financial report contains a statement regarding the accountability for
       financial statements as regulated in the Financial Services Authority Regulation regarding the Board of
       Directors’ responsibility for financial reports 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.
   j. Statement Letters of Members of the Board of Directors and Members of the Board of Commissioners
      regarding Responsibilities for the Annual Report Statements of members of the Board of Directors and
      members of the Board of Commissioners regarding the responsibilities of the Annual Report are prepared
                                                                                                                                        68-69
      in accordance with the format of Statement Letters of Members of the Board of Directors and Members of
      the Board of Commissioners regarding Responsibilities for the Annual Report as contained in the Appendix I
      which is an integral part of this Financial Services Authority Circular Letter.




                                                                                           Laporan Tahunan 2023 > PT Bank Negara Indonesia (Persero) Tbk   1431
Page 845
Annual Report    2023



From Local
     to Global




Grha BNI
Jl. Jenderal Sudirman Kav. 1
Jakarta 10220, Indonesia

Online
Email: bnicall@bni.co.id
Website: bni.co.id

Telepon & Faks
Solution Center: 1500 046           BNI
Telepon: 021 - 2511 946, 572 8387   @BNI46
Faks: 021 - 572 8295, 572 8053      @BNI46   bni.co.id

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Pages845
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Names mentioned 100 people and organisations named in the text · linked when the evidence is strong

linked org Bank Mandiri. p.16
linked org Bank Tabungan Negara p.17
linked person Agus Dermawan Wintarto Martowardojo · President Commissioner p.34 ×7
linked person Sigit Widyawan · Komisaris Independen p.34 ×17
linked person Asmawi Syam · Komisaris Independen p.34 ×15
linked person Iman Sugema · Komisaris Independen p.34 ×15
linked person Septian Hario Seto · Komisaris Independen p.34 ×11
linked person Erwin Rijanto Slamet · Komisaris Independen p.34 ×11
linked person Fadlansyah Lubis · Commissioner p.34 ×13
linked person Royke Tumilaar · President Director p.35 ×21
linked person Adi Sulistyowati · Vice President Director p.35 ×23
linked person Novita Widya Anggraini · Finance Director p.35 ×23
linked person Corina Leyla Karnalies · Transaction Banking p.35 ×21
linked person Sis Apik Wijayanto · Commercial Banking p.35 ×22
linked person David Pirzada · Risk Management Director p.35 ×20
linked person Ronny Venir · Network & Services Director p.35 ×18
linked person Muhammad Iqbal · Institutional Banking Director p.35 ×18
linked person Putrama Wahju Setyawan · Treasury Director p.35 ×19
linked person Toto Prasetio p.35 ×14
linked person Robertus Billitea · Komisaris p.39 ×8
linked person Pahala Nugraha Mansury · Komisaris Independen p.44 ×6
linked person Bob Tyasika Ananta p.48
linked person Human Brillianto · Anggota p.555
linked person Suhendi Muharam · Anggota p.555 ×3
linked org Bank Syariah Indonesia Tbk p.562 ×13
possible org Bank Negara Indonesia (Persero) Tbk p.2 ×80
possible org Telkom Indonesia p.16
possible org PT Pegadaian. p.16
possible org Bank Rakyat Indonesia p.17
possible person Pradjoto · Commissioner p.40 ×5
possible person Henry Panjaitan p.48
possible org Otoritas Jasa Keuangan p.54 ×14
possible person Askolani · Komisaris p.555 ×2
possible person Susyanto · Komisaris p.555 ×2
possible person Human Brilianto · Anggota p.556
possible org Bank Syariah Syariah Indonesia p.562
possible org Negara Republik Indonesia p.731 ×3
possible — Mucharom p.731
unresolved org Financial Services Authority p.2 ×25
unresolved org Minister of State-Owned Enterprises Regulation No. of Electronic General Meetings of Shareholders of Public p.7
unresolved org Minister of State-Owned Enterprises Regulation p.7 ×2
unresolved org Minister of State-Owned Enterprises Regulation No. Commercial Banks p.7
unresolved org Minister of State-Owned Enterprises p.7 ×3
unresolved org Minister of State-Owned Enterprises Governance p.7
unresolved org Ministry of SOEs. p.14
unresolved org Bank Indonesia p.14 ×7
unresolved org Bank Buku IV p.15
unresolved org Bank Secrets p.16
unresolved org Rintis & Rekan p.19 ×9
unresolved org Minister of BUMN. Potential p.21
unresolved org Bank Externalization p.24
unresolved org Ministry of Law and Human Rights Legal p.26
unresolved org PT Kustodian Sentral Efek Indonesia p.28 ×2
unresolved org PT Kustodian Sentral Efek Indonesia Board p.28
unresolved — by “Shareholders” are Series A Dwiwarna shareholders, p.28
unresolved org expressly stated otherwise.The Company shares consist p.28
unresolved — Republic p.28
unresolved org Annual Report 2023 > PT Bank Negara Indonesia (Persero) Tbk p.28
unresolved org Minister of SOEs Regulation p.30 ×2
unresolved org Ministry of BUMN p.33 ×2
unresolved org Sentral Efek Indonesia p.33
unresolved org PT Kustodian Sentral Implementation p.34
unresolved org PT Datindo Entrycom p.35 ×2
unresolved person Ashoya Ratam p.35 ×2
unresolved org Indonesia Stock Exchange p.37 ×2
unresolved org Bank Negara Agenda VIII Indonesia (Persero) Tbk p.38 ×2
unresolved — Putrama W. Setyawan p.39 ×2
unresolved org PT Kustodian Sentral Efek GMS Indonesia p.41
unresolved org Negara Indonesia (Persero) Tbk p.41
unresolved org Ministry of Law and Human Rights p.43
unresolved — Follow Up p.45 ×2
unresolved org PT Bank Mayora. Voting Result Agree p.46
unresolved org PT Bank Mayora. p.46 ×3
unresolved org Minister of SOEs Regulation No. PER p.47 ×8
unresolved — Ratih Nurdiati · Commissioner p.48
unresolved person Muhammad lqbal p.48
unresolved — Silvano Winston Rumantir p.48 ×2
unresolved org Bank BNI's p.50
unresolved person EGMS · President Director p.52 ×7
unresolved person Annual GMS · President Director p.52 ×2
unresolved org Enterprise · Director p.56
unresolved — Served · Commissioner p.118 ×2
unresolved person Vice · Wakil Komisaris Utama p.555 ×4
unresolved — CEO · President Director p.555 ×2
unresolved person Managing · Direktur Wholesale p.555 ×4
unresolved org Komitmen Tbk p.556 ×6
unresolved org PT BNI Modal Ventura p.562 ×2
unresolved person Aulia Taufani p.562
unresolved person Pengganti Sutjipto p.562
unresolved person Sutjipto p.562
unresolved org Menteri Hukum dan Hak p.562
unresolved org Ministry of Laws and Human Asasi Manusia Republik Indonesia p.562
unresolved org Bank Syariah p.562
unresolved org Milik Negara p.748
unresolved org Menteri Negara BUMN p.748 ×2
unresolved person Notary Fathiah Helmi p.749 ×6
unresolved org Kementerian p.749
unresolved org Bank Indonesia Efek-efek p.763

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