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Page 1
1Q 2025
FINANCIAL UPDATE
PRESENTATION
PT Bank Rakyat Indonesia (PERSERO) Tbk.
Page 2
SHARE PRICE PERFORMANCE & OWNERSHIP
Ownership Composition as of March 2025 BBRI Share Performance vs JCI since IPO
80.0
No. Description No. of Investor % No. of Shares % Since IPO:
I Domestic BBRI +47.7x
70.0 JCI +10.5x
1. Government of RI 1 0.00% 1 0.00%
2. Retail 673,539 98.99% 10,649,649,555 7.03%
3. Employees 2,717 0.40% 8,211,456 0.01% 60.0
4. Local Government 1 0.00% 1,590,000 0.00%
5. Bank 11 0.00% 969,969,385 0.64% 50.0
(in x)
6. Cooperatives 30 0.00% 5,504,453,223 3.63%
7. Foundation 58 0.01% 324,915,900 0.21%
40.0
8. Pension Funds 170 0.02% 2,812,665,199 1.86%
4,765%
9. Insurance 199 0.03% 1,961,304,035 1.29%
30.0
10. Corporations* 831 0.12% 81,296,758,209 53.64%
11. Mutual Funds 328 0.05% 2,119,464,800 1.40%
20.0
Total Domestic 677,885 99.63% 105,648,981,763 69.71%
1,050%
II Foreign
1. Retail 545 0.08% 50,126,717 0.03% 10.0
2. Institutional 1,962 0.29% 45,859,893,124 30.26%
Total Foreign 2,507 0.37% 45,910,019,841 30.29% -
2004
2005
2006
2007
2024
2003
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
III Total 680,392 100.00% 151,559,001,604 100.00%
BBRI JCI
* Include BPI DANANTARA share ownership with composition around 53.19%
Source : Datindo 2
Page 3
TABLE OF CONTENTS
Introduction & Strategy Outlook ………….………………...…………………………………………………………………………………………………………... 4
BRI’s New Executive Management Team …………………………………………………………………………………………………………………………... 5
Macro Economic Metrics ………………………………………………………………………………………………………………………………………………. 6
Strategy Outlook ……………………………………………………………………………………………………………………………………………………….. 8
2025 BRI Group Guidance ……………………………………………………………………………………………………………………………………………. 9
1Q25 Financial Performance ……..………………..………………………………………………………………………………………………..…………………… 12
Loan & Financing Portfolio ……………………………………………………………………………………………………………………………………………. 13
Deposit Composition ………………………...………………………………………………………………………………………………...…………………........ 14
Key Profitability Metrics ……………………………………..…………………………………………………………………………………………………………. 16
Loan Quality ……………………………………………………………………………….………………………………………...………………………………………. 21
Ultra Micro & Micro Business ……………………………………………………………………………………………………………………………………………. 25
Appendix:
Digital Initiatives ............................................................................................................................. ............................................................................................ 30
PNM & Pegadaian …………………………………………………………………………………………………………………………………………………………... 34
ESG Initiatives ................………………………………………………………………………………………………………………………………………………….. 37
Ultra Micro Ecosystem ……………………………………………………………………………………………………………………………………………………. 48
1Q25 Consolidated Financial Update …………..………………………………………………………………………………………………………………………. 52
1Q25 Bank Only Performance …….……………………………………………………………………………………………………………………………………… 56
1Q25 Bank Only Loan Quality …………………………………………………………………………………………………………………………………………… 68
Others ………………………………………………………………………………………………………………………………………………………………………… 75
3
Page 4
INTRODUCTION, MACRO &
STRATEGY OUTLOOK
4
Page 5
NEW ADDITIONS TO BRI’S EXECUTIVE MANAGEMENT TEAM
Plus 3 from Prior BoD – Vice CEO, CFO & Director of Human Capital & Compliance
Director of Micro Business Director of Commercial Director of Network and
Banking Retail funding
Prior: Prior: Prior:
▪ President Director, ▪ Head of SME Banking – ▪ Director of Network and
Jamkrindo (2023-2024) Bank Mandiri Retail Banking, Mandiri
▪ 23 years in BRI ▪ 21 years banking experience (2020 - 2024)
with Bank Mandiri Aquarius Rudianto ▪ SEVP of Network and
Akhmad Alexander Dippo Retail Banking, Mandiri
Purwakajaya Paris Y.S. (2018-2020)
Hery Gunardi Director of Treasury and Director of Corporate Director of Consumer
International Banking Banking Banking
Group CEO
Prior: Prior: Prior:
Prior: ▪ Director of Finance and ▪ President Director, HSBC ▪ Managing Director, Bank
• President Director, Bank Syariah Risk Management at PT. Indonesia (Designate) 2025 BJB (2020-2025)
Indonesia (2021 – 2025) Bukit Asam (2021-2025) ▪ Managing Director, HSBC ▪ 14 years at Bank Mandiri
▪ 22 years in Bank Mandiri Indonesia (2018-2025)
Farida Thamrin Riko Tasmaya ▪ Managing Director, Citibank Nancy Adistyasari
• Vice President Director, Bank
Mandiri Indonesia (1995-2018)
• Director of Micro & Retail
Banking, Bank Mandiri (2013- Director of Risk Director of Operation Director of Information
2020) Management Technology
Prior: Prior: Prior:
• EVP Consumer Finance & ▪ Director of Operations,
▪ Director of Human Capital ▪ Director of Information
Distribution Network, Bank BTN (2023 – 2025)
and Compliance, BNI Technology, BSI (2023 –
Mandiri (2009-2013) ▪ 24 years banking
(2022 –2025) 2024)
▪ 23 years in BNI experience across ▪ 25 years banking
Mucharom Hakim domestic and international Saladin Dharma
Putratama Nugraha Effendi experience across domestic
banks and international banks
5
Page 6
TARIFF IMPACT ON INDONESIA
US Policy is fluid; short-term pains could lead to medium/long term gains
Rp Has Weakened Vs. USD Since Tariff Announcement… …Even As BI Has Defended with Ample Foreign Reserves
17000 Headline Inflation (%) USDIDR (LHS) BI Rate (%) 7
155.7 157.1
144.9 146.4
135.9 137.2
129.2
120.7
6
16500
5
16000
4
15500 2018 2019 2020 2021 2022 2023 2024 1Q25
3
Domestic Consumption Drives Indonesia’s Economy
15000
2 Household Cons. Government Exp. Investment Net Export & Others
2.9% 2.2% 1.0% 5.6% 9.1%
11.3% 10.2%
14500
32.3% 32.3% 31.7%
1 30.8% 29.2% 29.1%
29.1%
9.0% 8.8% 9.7% 9.2% 7.7% 7.5% 7.7%
14000
0
55.8% 56.6% 57.6% 54.4% 51.9% 53.2% 54.0%
13500 -1
2018 2019 2020 2021 2022 2023 2024
2018 2019 2020 2021 2022 2023 2024
6
Page 7
MACRO ECONOMIC METRICS
Recent Monetary Easing & Higher Fiscal Deficit Could Stimulate the Economy in 2025
Quarterly GDP Growth (% YoY) Business Index: MSME vs Wholesale, MA (4)
Wholesale Business Activity Index MSME Business Activity Index - Adjusted
5.18 4.96 5.03 5.01 5.04 5.05 14.9
12.4 12.9
10.6
8.7
5.9 5.1 4.7
4.2
-2.17 1.7
-10.3
-19.0
2018 2019 2020 2021 2022 2023 2024 1Q20 1Q21 1Q22 1Q23 1Q24 1Q25
Inflation Trend (YoY %) Purchasing Power Index by Segment
Headline Administered Price Volatile Items Core Upper Segment Middle-Lower Segment
2.0
10.33 0.56 0.57
0.31 0.42 0.22
13.01 0.04
1.0
-0.16 -0.16 -0.02
6.73 -0.53 0.36
5.70 0.0
2.41 -0.45
5.02 1.68 3.05 5.51 2.81 3.05 0.08 0.17 0.10
-0.18 -0.14
1.72 1.77 2.26 2.48
-1. 0
-0.27 -0.11 -0.42
2.87 1.60 1.57 -0.74 -0.64
1.87 1.03
1.56
-2. 0
2.72 3.36 -3.04
1.69 1.80 1.39 0.37
1.08 0.12
-3. 0
0.56
0.56 -3.16 -4. 0
-3.60
-5. 0
-6. 0
2019 2020 2021 2022 2023 1Q24 2024 1Q25 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M25
Upper & Middle-Lower Segment Purchasing Power Index is calculated using z-score based on a set of each segment’s purchasing power indicators with mean & standard deviation from Jan’16 – Dec’18. 7
Page 8
REIGNITING BRI’S CORE
Shift to healthier growth and focus on productivity
Revamp the existing core and build a new
Transform the Funding franchise
sustainable core
❑ Strengthen and empower Regional Offices ❑ Revisit the micro business model while still
supervision to improve branches and RMs focusing on asset quality (risk excellence,
productivity business process, and people capability)
❑ Revamp transaction banking capabilities ❑ Strengthen dominance in the payroll
(Retail & Wholesale) business and expand pawn/bullion services
❑ Tap into emerging affluence ❑ Strengthen risk management for a small
❑ Strengthen collaboration across segments, portfolio, boost productivity in medium
including improving penetration on value business, and sustain accelerated growth
chain synergies, and boost subsidiary under commercial
synergy
Build a World Streamline Organization Holistic people Upgrade E2E Risk Improve the productivity
Class foundations and Centralize Ops transformation Management in distribution
8
Page 9
BRI GROUP GUIDANCE
FY24 1Q25 2025 Guidance
Loan Growth 7.0% 7% - 9%
5.0%
(YoY)
NIM 7.74% 7.68% 7.3% – 7.7%
Credit Cost 3.23% 3.53% 3.0% - 3.2%
NPL 2.78% 2.97% < 3%
CIR 41.59% 40.73% 41% - 43%
* We reclassified fee-based income from Supply Chain Financing into Net Interest Income (Non-Loan) of Rp 2.4 tn in FY24 and Rp 2.2 tn in FY23. All FY24 and FY23 is adjusted to reflect this change.
* Starting Jan-25, we have been using a new methodology to calculate NIM, based on the monthly average Earning Assets excluding Investment, Derivative Receivables, and Acceptance Receivables that do
not generate interest income. All historical data reflects this change 9
Page 10
BALANCE SHEET OPTIMIZATION CONTINUED, FEES AND COMMISSIONS
DROVE NON-INTEREST INCOME GROWTH
Consolidated Number
Asset (Rp Tn) Deposit (Rp Tn) Loan/Financing (Rp Tn)
+5.5% +0.4% +5.0%
1,993.0 1,989.1 2,098.2 1,416.2 1,421.6 1,266.4
1,354.6 1,308.7 1,373.7
1,865.6 1,965.0 1,307.9 1,358.3 1,365.5 1,139.1
1,610.1 1,678.1 1,120.9 1,138.7 1,020.2 1,042.9
2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25
CASA (Rp Tn) Fee-Based Income (Rp Tn) Net Profit (Rp Tn)
+7.1%
919.0 934.9 60.4 60.6
872.4 874.1 873.3 20.5
18.8 18.5 51.4
718.3 16.2 17.1
668.8
+6.3% -13.6%
30.8
18.7 16.0
4.9 5.2 13.8
2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25
10
Page 11
STRENGTHENING CORE BUSINESS THROUGH THE CYCLE
Consolidated Number
CoC (%) NIM (%) CoF (%)
-0.3% -0.3% -0.1%
3.8 8.5
3.6 3.5 7.9 7.8 8.0 3.5 3.7 3.6
3.2 7.6 7.7 3.5
7.0 3.1
2.6 2.4 2.4
1.9 2.1
2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25
BOPO (%) ROA (%) ROE (%)
+6.7% -0.5% -3.0%
83.5 3.3
78.5 3.2 19.8 19.0
76.8 3.0 3.1 20.2
69.1 71.9 17.6 17.2
70.1 2.7
68.2
13.9
1.9
1.5 10.5
2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25
11
Page 12
FINANCIAL PERFORMANCE
12
Page 13
LOANS & FINANCING PORTFOLIO
MSME is Still Dominating the Portfolio, Corporate is Still Below 20% of Total Loan Book
Loan Outstanding – by business segment (Rp Tn) Composition – by business segment (%)
12
00. %
1,600
.0 1,600
.0
1,354.6 1,373.7
1,308.7
1,400
.0 1,400
.0
100. %
1,266.4
16.1% 16.1% 15.3% 15.6% 18.03% 16.75% 18.03%
1,139.1 244.3 247.6
1,200
.0
219.2 1,200
.0
197.7 3.3% 2.7% 2.4% 2.9%
1,042.9 46.3 3.26% 2.92% 3.37%
1,020.2 44.1
80
.0
%
173.8 36.3 38.3
1,000
.0 1,000
.0
20.4% 19.2% 18.3% 17.93%
168.3 27.8 229.7 236.6 24.0% 16.95% 17.22%
164.7 231.2 234.6
33.5 27.8
800
.0 218.6 800
.0
60
.0
%
212.5 14.4% 14.7% 15.0% 15.44% 14.82% 15.36%
209.1 194.0 210.9
244.6 190.0 14.2%
600
.0
167.6 600
.0
150.4 40
.0
%
144.8
400
.0 400
.0
611.2 627.5 622.6 632.2 46.4% 48.4% 48.3% 46.32% 47.58% 46.02%
551.3 20
.0
%
42.4%
200
.0
432.5 483.9 200
.0
- -
0.0%
2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25
Micro Consumer Small Medium Corporate Total
YoY Growth ( % ) 1.5 8.8 0.8 21.1 13.0 5.0
(Rp Tn) 9.6 17.0 2.0 8.1 28.4 65.0
Recently, Bank Raya shifted portion of its Small Segment loans to Micro Segment amounting to Rp836 bn. If we adjust the Ultra Micro loans outstanding, it will impact loan growth by 3bps 13
Page 14
DEPOSIT COMPOSITION IMPROVING
Retail Savings Increased 8.3% Supporting YoY CASA Growth of More than 400bps
Deposit Growth (Consolidated) (Rp Tn) Deposit Products per Segment* (Rp Tn)
Total Deposit: 0.4% YoY
1,600
.0
Growth YoY Total Deposits 1Q25: Rp1,416.3 Tn Growth YoY
CASA: 6.7% YoY Micro CASA Time Deposit
1,416.2 1,421.6
1,358.3 1,365.5 450
.0
356.3 367.7 373.5 382.9 367.2 378.5 3.1%
335.4
1,400
.0
90
.0
%
1,307.9
400
.0
350
.0
43.4 43.5 48.5 52.4 49.8 53.4 7.1%
300
.0
45.1
250
.0
200
.0
2.4%
1,138.7 -10.4% 290.3 312.9 324.1 325.0 330.5 317.4 325.1
1,120.9
1,200
.0
150
.0
486.7
542.9
80
.0
%
446.5
100
.0
YoY
484.3
50.0
435.5 -
2020 2021 2022 2023 2024 1Q24 1Q25
1,000
.0
420.5 70
.0
%
452.1 Retail
66.7% 67.3% Demand Deposit Savings Time Deposit
65.8% 4.0%
800
.0
64.3% 522.1
63.1% 488.1 510.6 502.0
469.1
600
.0
61.7% 410.6 412.6
4.7%
500
.0
-3.7%
59.7%
60
.0
%
543.3 197.4 196.5 210.2 202.5
544.4 YoY 180.0
400
.0
522.6 527.9 518.9 170.5 154.7
8.3%
300
.0
600
.0
200
.0
198.4 202.7 213.4 201.0 217.6
170.0 183.3
100
.0
497.7 50
.0
%
70.1 74.6 90.7 88.1 100.7 90.7 102.0 12.4%
476.1
-
400
.0
2020 2021 2022 2023 2024 1Q24 1Q25
Wholesale
Demand Deposit Time Deposit
10.5% 541.2
40
.0
%
391.6 491.1 515.8 -4.7%
374.6
200
.0
349.8 354.4 464.0 467.9
600
.0
346.1 YoY
359.0
500
.0
192.7 220.6 306.6 277.9 225.7 -18.8%
233.7 192.9
400
.0
300
.0
206.7
215.8
- 30
.0
%
200
.0
195.0
257.3 257.4 275.0 263.3 290.1
2020 2021 2022 2023 2024 1Q24 1Q25 100
.0
143.2 10.2%
-
111.7
Demand Deposit Savings Time Deposit CASA 2020 2021 2022 2023 2024 1Q24 1Q25
*Data is presented in Bank Only 14
Page 15
WELL CAPITALIZED BALANCE SHEET PROVIDES FLEXIBILITY
CAR at 24.03% is Second Highest Among Top 10 Banks
40
. 0% 25
. 0%
19.80% 19.01%
17.63% 17.16%
20
. 0%
35
. 0%
12.23%
15
. 0%
10.52%
30
. 0%
10
. 0%
27.16% 27.27%
26.63%
25.54%
24.03%
5.0%
0
25
. 0%
26.16% 26.12%
25.52%
24.53% 0.0%
0
20.14% 22.93%
20
. 0%
-50. 0%
19.06%
DPO DPO DPO
-10.0%
0
DPO
15
. 0%
85% 85% ~86%
~80%
DPO -15.0%
0
14.63% 65% 2.5% Capital
DPO
10
. 0%
Conservation Buffer
60%
-20.0%
0
MINIMUM 2.5% Capital Surcharge
REGULATORY on Systemic Bank
REQUIREMENT 5.0%
0 -25.0%
0
2020 2021 2022 2023 2024 1Q25 9.63% CAR based on
Risk Profile
Tier 1 CAR Tier 2 CAR Total CAR ROE B/S
Leverage (x) 7.0 5.8 6.1 6.2 6.2 6.9
• As of Jan, ’23, as part of the implementation of Basel 3, the change on RWA of Operational & Credit Risk adds 329bps to BRI total CAR
• Starting in January 2024, we implemented the Basel III calculation of RWA market risk, which has a negative impact of 49bps t o total CAR
• BRI distributed a full-year dividend of Rp343 per share on April 23, 2025 (including an interim dividend of Rp135 per share that has been paid
on Jan 15, 2025)
*In compliance with OJK regulations, our calculation of consolidated financial ratios moved to monthly from quarterly starting in Jan-24. All calculations for 2024 and 2023 are adjusted for monthly data. 15
Page 16
QUARTER ON QUARTER HIGHLIGHTS
Core Earnings Metrics Improved
Key Ratios (Consolidated) Quarterly Cost of Credit Consolidated vs Bank Only
COF (-0.1% QoQ) NIM ( +0.2% QoQ) 3.83%
• PPOP growth remains stable at
4.00 %
3.53%
3.6% 3.7% 3.7% 3.6% 3.5% 8.0% 7.6% 8.1% 7.5% 7.7% 3.50 %
3.13% 3.23% 2.2% QoQ but decreased by
3.00 %
2.76% 2.8% YoY, due to portfolio mix
shift impacting loan yields and
seasonality in Opex
4.00 %
2.50 %
3.50 %
2.00 %
3.82%
3.56% • Profitability metrics, ROA, and
3.00 %
1.50 %
1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 3.17% ROE declined QoQ by 4bps and
2.94%
2.78% 13bps, respectively. NIM
2.50 %
1.00 %
PPOP (+2.2% QoQ) Net Profit (-9.7% QoQ) 6.00 %
2.00 %
5.48% improved QoQ, supported by
decline in Cost of Funds was
(Rp Bn) (Rp Bn) 5.00 %
QoQ
1.50 %
3.64%
30,747 30,467 29,243 29,897 15,983 15,466 15,281
4.00 %
3.03%
1.00 %
26,296 13,914 13,804
2.53% 2.46%
3.00 %
• Consolidated net CoC increased
2.00 %
3.00 %
by 153bps QoQ, as recoveries
growth declined by 34% QoQ in
1Q25
2.50%%
1.00
1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 2.00 %
0.00 %
2.47%
2.07%
ROA AT (-0.4% QoQ) ROE (-1.3% QoQ) 1.50 %
1.00 %
1.42%
3.2% 3.2% 3.1% 20.2%
2.8% 2.7% 18.2% 19.2% 18.5% 17.2% 0.50 %
0.93%
0.00 %
0.54%
1Q24 2Q24 3Q24 4Q24 1Q25
1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25
* We reclassified fee-based income from Supply Chain Financing into Net Interest Income (Non-Loan) of Rp 2.4 tn in FY24 and Rp 2.2 tn in FY23. All FY24 and FY23 is adjusted to reflect this change.
* Starting Jan-25, we have been using a new methodology to calculate NIM, based on the monthly average Earning Assets excluding Investment, Derivative Receivables, and Acceptance Receivables that do 16
not generate interest income. All historical data reflects this change
Page 17
EARNING ASSET YIELD & STRONG MARGINS MAINTAINED
QoQ NIM Improved As Subsidiaries Support Lending Yield
NIM – Bank Only vs Consolidated Lending Yield, EA Yield, and Cost of Fund
9.0%
8.5% 8.0% 16
.0
%
8.5%
7.8% 12.5% 12.5% 12.3% 13.1% 13.3% 12.9%
7.9%
14
.0
%
8.0%
7.6% 7.7% 7.5%
12
.0
%
6.9%
7.5%
7.2%
7.0%
10
.0
%
7.0%
7.1% 7.1% 10.9% 11.1% 10.7%
6.5% 6.5%
10.1%
8.0%
9.6% 9.7%
6.7%
6.5%
6.0% 6.0%
6.0%
3.1% 3.7% 3.5%
2.3%
5.5%
6.1% 2.1%
4.0%
5.0%
3.5%
5.5%
2.0%
4.5%
0.0%
2020 2021 2022 2023 2024 1Q25
4.0% 5.0%
2020 2021 2022 2023 20241Q25
40.0 NIM - Consol. NIM - Bank Only Loan Yield Earning Asset Yield CoF
Loan & Financing to Total EA and LDR
35.0
37.5
40.0
35.1 35.9
34.5
35.0
30.0
31.1
84.77% 88.51% 88.85% 86.03%
28.1 84.22%
10 0.0%
27.8
30.0
27.5 90 .0 % 78.82%
26.3
25.0
26.1 80 .0 %
25.0
70 .0 %
20.0
21.9 21.6 60 .0 %
50 .0 %
20.0
73.6%
40 .0 %
15.0 30 .0 %
67.5% 65.6% 68.4% 70.7% 70.9%
15.0
20 .0 %
10 .0 %
10.0 0.0%
2020 2021 2022 2023 2024 1Q25 2020 2021 2022 2023 2024 1Q25
Quarter NII - Consol (IDR Tn) Quarter NII - Bank Only (IDR Tn) % Loan & Financing to Total EA LDR - Consol. (Bank Entity)
* We reclassified fee-based income from Supply Chain Financing into Net Interest Income (Non-Loan) of Rp 2.4 tn in FY24 and Rp 2.2 tn in FY23. All FY24 and FY23 is adjusted to reflect this change.
* Starting Jan-25, we have been using a new methodology to calculate NIM, based on the monthly average Earning Assets excluding Investment, Derivative Receivables, and Acceptance Receivables that do
17
not generate interest income. All historical data reflects this change
Page 18
OTHER OPERATING INCOME & OPERATING EXPENSES
Recovery Income Remains a Key Support of Non-Interest Income
Other Operating Income
(Rp Bn)
Items 1Q25 4Q24 1Q24 g QoQ g YoY 2024 2023 2022
Fees and Commissions 5,209 5,163 4,899 0.9% 6.3% 20,475 18,519 18,795
Recovery of Written-Off Assets 4,971 7,536 4,391 -34.0% 13.2% 25,364 16,834 12,468
Gain on Sale of Securities - Net 491 602 460 -18.5% 6.7% 2,209 1,899 1,518
Gain on Foreign Exchange - Net 749 362 246 106.4% 203.4% 1,188 403 1,132
Unrealized Gain on Changes in Fair Value of Securities 8 (193) 147 -104.4% -94.2% - 214 146
Others 1,681 1,358 1,860 23.8% -9.6% 4,621 5,539 5,069
Total Other Operating Income 13,109 14,828 12,003 -11.6% 9.2% 53,858 43,407 39,128
Net Gold 415 246 87 68.5% 379.3% 703 320 299
Total Other Operating Income Incl. Gold 13,524 15,074 12,089 -10.3% 11.9% 54,561 43,727 39,426
Operating Expenses
(Rp Bn)
Items 1Q25 4Q24 1Q24 g QoQ g YoY 2024 2023 2022
Salaries and Employee Benefits 10,834 8,283 9,764 30.8% 11.0% 39,184 37,850 39,390
General and Administrative 7,235 7,823 6,917 -7.5% 4.6% 29,652 28,484 25,959
Others 2,476 5,437 1,708 -54.5% 44.9% 14,280 10,448 8,967
Total Operating Expense 20,544 21,543 18,389 -4.6% 11.7% 83,116 76,782 74,316
*) We reclassified fee-based income from Supply Chain Financing into Net Interest Income (Non-Loan) of Rp 2.4 tn in FY24 and Rp 2.2 tn in FY23. All FY24 and FY23 is adjusted to reflect this change. 18
Page 19
FEE & OTHER OPERATING INCOME
Recovery Income Drove Non-Interest Income Growth of 12.7% YoY
Consolidated - Other Operating Income (Rp Tn) Bank Only - Fee and Commission – Composition (Rp Bn)
YoY g = 9.2% 1Q24 g YoY = 5.4% 1Q25
278
60.0
318
274 5%
53.9 198 6%
161 6%
3% 316 4% Deposit Admin.
6% 1,126
50.0
8.0 180 1,183 183 E-Channel
22%
4% 25% 4%
43.4 Loan Admin.
39.1 614 735 Trade Finance & IB
8.1
40.0
34.7 13% 15% Non E-Channel
7.9
31.0 25.4 Insurance
2,045 2,193
8.6 44% Others
43%
30.0
7.5 16.8
12.5
9.0
20.0
7.3 Bank Only - Fee and Commission YoY Growth*
12.0 13.1
2.9 23.1%
19.6%
25
.0
%
20.5 2.7
18.8 18.5
10.0
16.2 17.1
20
.0
%
16.1%
4.4 5.0 15
.0
%
7.2%
4.9 5.2
10
.0
%
-
5.0%
-4.8% 1.8%
2020 2021 2022 2023 2024 1Q24 1Q25 0.0%
-50. %
Fees and Commissions Recovery of Written-Off Assets Others -10.0%
-12.0%
-15.0%
Deposit E-Channel Loan Trade Non E- Insurance Others
• Other Operating Income growth driven by Fee Based Income and Recovery Admin. Admin. Finance & Channel
Income IB
*) We reclassified fee-based income from Supply Chain Financing into Net Interest Income (Non-Loan) of Rp 2.4 tn in FY24 and Rp 2.2 tn in FY23. All FY24 and FY23 is adjusted to reflect this change. 19
Page 20
OPERATING EXPENSE BREAKDOWN
Core Cost Management remains well controlled, CIR Within Guidance
(Rp Bn)
Items 1Q25 4Q24 1Q24 g QoQ g YoY 2024 2023 2022
Bank Only - Personnel Expenses 7,615 4,604 6,836 65.4% 11.4% 26,842 26,519 29,316
Bank Only - G&A Expenses 5,005 5,663 5,086 -11.6% -1.6% 21,629 21,020 19,039
Bank Only - Others Expenses 2,204 4,839 1,442 -54.4% 52.8% 12,783 9,506 8,263
Bank-Only Operating Expense 14,824 15,106 13,365 -1.9% 10.9% 61,254 57,046 56,618
Subsidiaries - Personnel Expenses 3,219 3,679 2,927 -12.5% 10.0% 12,341 11,331 10,074
Subsidiaries - G&A Expenses 2,229 2,160 1,832 3.2% 21.7% 8,023 7,464 6,920
Subsidiaries - Others Expenses 271 598 266 -54.6% 2.0% 1,498 941 704
Subsidiaries Operating Expense 5,720 6,437 5,025 -11.1% 13.8% 21,862 19,737 17,698
Consolidated - Personnel Expenses 10,834 8,283 9,764 30.8% 11.0% 39,184 37,850 39,390
Consolidated - G&A Expenses 7,235 7,823 6,917 -7.5% 4.6% 29,652 28,484 25,959
Consolidated - Others Expenses 2,476 5,437 1,708 -54.5% 44.9% 14,280 10,448 8,967
Consolidated Operating Expense 20,544 21,543 18,389 -4.6% 11.7% 83,116 76,782 74,316
Cost to Income Ratio: Bank Only vs Consolidated* Cost to Asset Ratio: Bank Only vs Consolidated*
55
.0
%
50.9% 4.30 %
4.19% 4.15% 4.17%
48.6% 3.98% 3.92%
50
.0
%
47.4% 4.10 % 3.91%
3.90 %
41.9% 41.6%
45
.0
%
40.7%
3.70 %
45.4% 3.50 %
40
.0
%
43.3%
42.0% 3.30 %
3.48%
38.7% 3.10 %
3.26% 3.33%
35
.0
%
37.7% 37.2% 3.23%
2.90 %
3.11% 3.07%
30
.0
% 2.70 %
2.50 %
25
.0
%
2.30 %
2020 2021 2022 2023 2024 1Q25 2020 2021 2022 2023 2024 1Q25
BRI Consolidated BRI Consolidated
*Since 2021, Other Operating Income includes net gold revenue 20
Page 21
LOAN QUALITY
21
Page 22
LOAN QUALITY
NPL Ratio Improved by 14bps YoY to 2.97% Led by Corporate
Non-Performing Loan – by Segment Special Mention – by Segment
Segment 1Q25 1Q24 2024 2023 2022 2021 2020 Segment 1Q25 1Q24 2024 2023 2022 2021 2020
Micro 3.36% 2.69% 2.85% 2.47% 1.74% 1.49% 0.83% Micro 6.85% 7.11% 6.20% 5.72% 3.95% 3.03% 2.47%
Consumer 2.02% 2.20% 1.97% 1.97% 1.83% 1.78% 1.49% Consumer 2.54% 2.89% 2.38% 2.84% 2.76% 2.20% 2.69%
Small 4.67% 5.44% 4.42% 4.88% 4.30% 4.05% 3.61% Small 5.80% 6.26% 4.74% 5.15% 4.30% 3.42% 3.19%
Medium 2.49% 2.21% 2.50% 2.56% 2.26% 3.57% 4.61% Medium 2.68% 2.75% 1.90% 2.52% 2.55% 3.08% 3.07%
Corporate 2.36% 3.33% 2.60% 3.86% 4.68% 6.68% 7.57% Corporate 3.85% 4.18% 3.72% 4.67% 4.32% 6.94% 2.85%
Bank Only – Bank Only –
3.14% 3.27% 2.94% 3.12% 2.82% 3.08% 2.94% 5.15% 5.58% 4.63% 4.87% 3.87% 3.70% 2.75%
NPL% SML%
Subsidiaries - Subsidiaries –
1.52% 1.51% 1.46% 1.20% 1.24% 2.08% 2.49% 6.78% 6.17% 6.44% 4.84% 3.90% 4.68% 6.00%
NPL% SML%
Consolidated - Consolidated –
2.97% 3.11% 2.78% 2.95% 2.67% 3.00% 2.88% 5.32% 5.68% 4.82% 4.90% 3.90% 3.81% 3.13%
NPL % SML %
22
Page 23
HISTORICAL NPL & LAR DATA
NPL Coverage Maintained Above Pre-Pandemic Level
NPL & NPL Coverage LAR & LAR Coverage
35
00. %
LAR % LAR Coverage
305.7%
70
. 0%
300. %
281.2%
60
. 0%
54.14% 55.94% 53.50%
49.40%
239.2%
229.1%
50
. 0%
25
00. %
215.0%
200.6% 40
. 0% 36.14%
200. %
28.26%
30
. 0%
25.77%
20
. 0%
160
.0
15
00. %
3.0% 23.31%
2.9% 3.0%
2.9% 10
. 0%
16.54%
2.8% 3.0%
12.47% 11.12%
140
.0
2.7% 0.0%
0
10.70%
100. %
120
.0
2.5%
300
.0
50
.0
%
100
.0
93.1 248.9 243.0
87.8 85.5 2.0%
250
.0
81.1 81.8
80.0
0.0%
70.4 200
.0
188.4
157.9
1.5%
144.9 152.8
172.1
60.0
150
.0
195.2
1.0%
113.6 58.5 42.0 38.9
40.0
100
.0
0.5%
62.1 65.3 73.09
20.0
37.3 37.7 40.8 39.7 44.4
29.4 31.2 30.4
50.0
24.3
- 0.0% 29.4 31.2 30.4 37.3 37.7 40.8
-
1 2 3 4 5 6
2020 2021 2022 2023 2024 1Q25 2020 2021 2022 2023 2024 1Q25
Provision (IDR Tn) NPL (IDR Tn) NPL % NPL Coverage NPL SML Restruct. - Current Coll. Restruct. - Current Coll.
Since 2021, LAR and LAR Coverage are presented in consolidated number 23
Page 24
CREDIT COST, WRITE OFF, AND RECOVERY
Net CoC in 1Q25 of 2.07%, Supported by Recoveries
Credit Cost Write Off & Recovery
80.0 5.0%
70.0
3.6%
4.0%
3.5% 3.5%
3.2%
60.0 3.0%
2.5%
55
.0 60
.0
%
2.4% 55.7% 55.9%
2.7% 2.7% 50.8% 50.6%
50.0 2.0%
49.5%
45
.0 50
.0
%
1.3% 2.1% 45.4
43.7%
40.0 1.4% 43.0 1.0%
35
.0 40
.0
%
1.0%
36.6 34.0
30.0
32.8 0.0%
28.7
25
.0 30
.0
%
27.6 27.9 25.4
25.5
20.0 -10. %
22.4
15
.0
17.8 16.8
20
.0
%
17.6
15.4 14.3
12.5 11.4
11.9 12.0
10.0 -20. %
9.0
7.0
5.0
7.3 10
.0
%
5.0
- -30. %
2020 2021 2022 2023 2024 1Q25 2020 2021 2022 2023 2024 1Q25
-50. 0.0%
Provision Exp. - Loan (Rp Tn) Provision Exp. - Net - Loan (Rp Tn)
Write-Off (Rp Tn) Recovery Income (Rp Tn) Recovery Rate
CoC % Coc Net %
*In compliance with OJK regulations, our calculation of consolidated financial ratios moved to monthly from quarterly starting in Jan-24. All calculations for 2024 and 2023 are adjusted for monthly data. 24
Page 25
kpr
ULTRA MICRO &
MICRO BUSINESS
25
Page 26
THE ULTRA MICRO ECOSYSTEM
Pegadaian and PNM Loans Up 19.4% YoY, Driving UMi Loans to Rp631.4 Trillion
Loan Composition - Outstanding (Rp Tn) # Borrowers (in Mn)
BRI Micro Pegadaian PNM BRI Micro Pegadaian PNM Total
1.5% YoY -3.6% YoY
626.6 631.4 36.9 35.9 36.7
611.2 622.0 35.3 35.4
551.3 47.1 50.0 49.8 52.0 4.5% 31.0
483.9 42.6 67.6 85.4 71.6 93.0
14.0 15.2 14.5 15.2 14.2 -6.6%
34.5 59.1 29.9%
11.2
52.4
7.0 7.7 8.3 7.8 8.2 5.3%
6.6
496.6 491.2 500.7 486.4 -2.9%
449.6
397.0
351.4
13.3 14.4 14.0 13.1 13.7 13.0 -5.3%
11.7
2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25
Key Ratios
BRI Pegadaian PNM
Description
2021 2022 2023 2024 1Q25 2021 2022 2023 2024 1Q25 2021 2022 2023 2024 1Q25
Cost of Fund 2.1% 1.9% 2.9% 3.6% 3.4% 6.0% 4.9% 5.9% 6.3% 6.2% 8.6% 7.6% 6.8% 6.6% 6.2%
Credit Cost 3.4% 2.5% 2.4% 3.2% 3.6% 1.4% 0.9% 0.2% 0.7% 2.2% 2.0% 5.7% 5.7% 7.7% 4.6%
CIR 43.3% 42.0% 37.7% 37.0% 38.7% 62.8% 63.7% 59.4% 53.7% 48.1% 74.6% 67.7% 64.5% 61.7% 65.4%
Pegadaian & PNM joined BRI Group as part of the Ultra Micro Holding in September 2021
Pegadaian, PNM’s Cost Of Fund (COF) calculated by dividing annualized interest expense with average monthly Interest-Bearing Liabilities
PNM’s financing outstanding include financing disbursed to LKMS (Syariah Micro Financing Institution) and venture capital 26
Page 27
BRI MICRO BUSINESS PERFORMANCE
Focusing On Asset Quality and Recovery Income
Micro Loan Outstanding (Rp Tn) # Borrowers (in Mn) # Borrowers per Loan Officer
16
.0 15
.0
14.4
600. 57
50. 60
496.6 491.2 500.7 14.0 13.7 528
486.4 13.3 13.1 519
14
.0
0.6 0.5 13.0 13
.0
488 499
449.6 0.5 482 483
11.7 0.7 0.5 0.5
500. 47
50. 50
397.0 64.3 59.7 62.5 59.1 12
.0 2.8 11
.0
430
351.3 0.8 2.8 4.7
68.9 4.7
400. 37
50.
10
.0 4.5 4.4 9.0
40
74.9 3.4
129.2 212.3 200.2 216.6 197.2
300. 79.9 27
50.
8.0 7.0
30
131.8 6.0 5.0
144.7 10.9 20
9.8
200. 17
50.
8.8 8.1 8.5 8.1
7.5
4.0 3.0
251.5 219.9 231.3 221.5 230.0
190.3
10
100. 75
.0
126.7
2.0 1.0
0
0.0 -25.0 0.0 -10.
2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25
KUR Kupedes Briguna KUR Kupedes Briguna
Growth YoY Growth YoY Loan OS per Loan Officer (in Bn)
Product 2020 2021 2022 2023 2024 1Q24 1Q25 Product 2020 2021 2022 2023 2024 1Q24 1Q25
20.0
18.4 18.1 18.2 18.1
18.0
16.5
16.0
14.6
KUR 82.8% 50.1% 32.2% -12.6% 5.2% -0.5% 3.8% KUR 31.4% 31.1% 10.8% -19.12% -7.86% -15.0% -4.8% 14.0 12.9
12.0
Kupedes -6.8% -8.9% -1.9% 64.3% -5.7% 30.7% -8.9% Kupedes -12.8% -19.5% 2.7% 64.71% -3.87% 25.9% -5.5%
10.0
8.0
6.0
Briguna -4.0% -6.3% -8.0% -6.7% -7.1% -8.3% -5.4% Briguna -9.8% -10.1% -13.6% -12.62% -13.24% -13.7% -11.8% 4.0
2.0
Total 14.2% 13.0% 13.3% 10.4% -1.1% 9.7% -2.8% Total 11.4% 13.5% 7.8% -2.2% -6.7% -4.3% -5.3% -
2020 2021 2022 2023 2024 1Q24 1Q25
*) Bank only numbers 27
Page 28
KUPEDES DISBURSEMENT & QUALITY
Current Standing of Historical Disbursement as of 1Q25 (Rp Bn)
1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25
Disbursement 59,256 46,736 50,258 45,327 201,577 37,942 28,413 28,808 30,824 125,987 30,998
Write-Off 2,834 1,790 1,641 924 7,188 3 3 0 0 6 0
Payment 44,229 30,822 30,823 23,625 129,500 18,566 10,942 8,427 3,621 41,555 1,287
Historical Disbursement Asset Quality Breakdown & Vintages
1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25
Remaining Loan OS 12,193 14,125 17,794 20,778 64,889 19,373 17,469 20,380 27,203 84,426 29,711
SML 2,764 2,630 3,132 3,276 11,802 2,937 1,562 1,271 415 6,185 40
NPL 1,354 1,289 1,527 1,510 5,680 843 441 82 10 1,376 0
Restructured 2,465 2,220 2,254 1,956 8,895 1,121 436 162 11 1,730 0
Avg DG to SML
5.92% 5.45% 6.86% 6.82% 6.26% 4.63% 3.89% n.a. n.a. 4.59% n.a.
(6MOB)
• Based on vintage analysis of average DG to SML (6 MOB), 2024 Kupedes has better asset quality compared to 2023
Kupedes, albeit we are still monitoring 2024 Kupedes as it has not fully seasoned.
• Micro strategic initiatives in 2025:
1) Add operations supervisor in all Micro Unit to enhance business process and operational risk mitigation
2) Pre-screening process and Early Warning System enhancement
3) Risk grade profile based on regions and economic sectors
4) Dynamic loan approval limit based on Micro Unit risk profile
5) People revamp (fix recruitment criteria and process, enhance career journey and development
2828
Page 29
APPENDIX
29
Page 30
DIGITAL INITIATIVES
30
Page 31
BRIMO
Number Of Users Up 20.3% YoY
BRIMO Journey Performance Supported by Significant Double-Digit Growth
Improved user experience by
integrating 8 points of customer needs
in one application
• NFC Payment # Financial Transaction
# Users (in Mn) Transaction (in Mn) value (Rp Tn)
• Split Bill
• Event Ticket Sales
2025
• Ship Ticket Sales 20.3% YoY 25.5% YoY 26.15% YoY
1,578.4
1,500
.0
1.2
1,600
.0
• Gold Investment 1,300
.0
1,216.7
1,500
.0
1
• Multi-currency Card 969.6
40.3
1,100
.0
45
.0
2024
• Gold Saving & Gold Recap
1,400
.0
40
.0 0.8 1,251.3
• Travel Flight, Groceries and Logistic 35
.0
33.5 900
.0
1,300
.0
• BRImo widget 30
.0
700.
. 60
1,200
.0
• Chat Banking Service (Sabrina) 25
.0
1,100
.0
500
.0
20
.0
0.4
• Complain-in-apps feature and toll-free 15
.0 1,000
.0
services to ease the complaints filing 300
.0
Highest Rated Mobile Banking
10
.0
2023
• Government bond
900
.0
Application
0.2
5.0
100
.0
• Virtual credit card 0.0 800
.0
4.7 10M+ Download • QR cross border (Singapore) 1Q24 1Q25 . 00
-100
1Q24 1Q25 1Q24 1Q25
156K Review • Virtual debit card
4.7 50M+ Download • Opening Forex account
2022
1.5M Review • QR payment with CC as source of fund
• Personal financial management
• RDN investment
31
Page 32
BRISPOT
Catalyst for seamless synergy, driving growth through integrated credit and non-credit
digitalization, with a sharp focus on data-driven quality
Boost Productivity & Unleash the Potential
01278781
Digitalization
+160 Impactful Features
+89K Users Micro +76 Before After
(loan officers & approvers) Small +37
Consumer +44 • Double work • All in one go
• Variative financial assessment • Standardized template
• No cross-selling module • Build-in cross-sell module
BRISPOT Features
Boost Productivity
• Sales & pipeline • BRILink partnership
Automation
• Working Area Mapping • Schedule Partnership
• Surrounding Integration • Merchant Acquisition Before After
• Pick Up Transaction • Bancassurance, BRIFINE
• Market Navigator (BRIMAPS) Acquisition • Manual prescreening
• Cross RM Referral • Automatic prescreening
• Manual disbursement
Leadership Empowerment • Automatic disbursement
• Manual reminder by loan
• Performance Dashboard (MIS) • Profit & Loss Portfolio • SMS & email notifications
officer
• KPI Visibility • Early Warning System
• Productivity Monitoring • Leader as Marketer
• Activity Monitoring • Ecosystem Management
Simplification
Strengthen Risk Control Before After
• Loan Collection • Credit Restructuring
• Today’s Payment • Credit Scoring • Paper based loan application • Paperless loan application
• Loan Remedial & Recovery • Collateral Management • Manual mapping • Geo-tagging technology
• Fraud Detection System • Approval process in 20 days • Less in 1 day
32
Page 33
BRILINK AGENT
Redefining Agent’s Roles to Provide Access to Financing
# Agents (In Thousand) Fee Income (Rp Bn)
49.8% YoY 0.4% YoY
1,400
.0
1,191.1
397.0
1,200
.0
395.4
400
.0
1,000
.0
796.8 395
.0
390
.0
SERVI CES
800
.0
385
.0
380
.0
600
.0
375
.0
400
.0 370
.0
365
.0
200
.0
360
.0
355
.0
-
350
.0
1Q24 1Q25 1Q24 1Q25
# Transactions (In Mn) Transaction Value (Rp Tn)
-4.0% YoY 14.2% YoY
430
.0
423.8
290
.0
285
.0
285.2 410
.0
280
.0
273.7
371.0
390
.0
275
.0
270
.0
265
.0
260
.0
370
.0
350
.0
S T R AT E G Y
255
.0
250
.0
330
.0
245
.0
240
.0 310
.0
1Q24 1Q25 1Q24 1Q25
S T R AT E G Y
Loan Referrals (In Thousand) CASA (Rp Tn)
-65.3% YoY 22.7% YoY
27.0
25.4
585.5
700
.0
25.0
600
.0
500
.0
23.0
400
.0
21.0
20.7
300
.0
203.2 19.0
200
.0
100
.0 17.0
-
15.0
1Q24 1Q25 1Q24 1Q25
33
Page 34
PNM & PEGADAIAN
34
Page 35
PT. PERMODALAN NASIONAL MADANI
Leading Women’s Group Lender in Indonesia
Balance Sheet Highlight (Rp Bn)
2023 2024 1Q24 1Q25 g YoY Loan Composition
As of 1Q25
Total Assets 51,407 55,348 54,608 57,633 5.5%
Loan Outstanding (Gross) 47,080 50,033 49,780 52,036 4.5%
3%
Total Liability 42,954 44,805 45,051 46,556 3.3% 6% Mekaar
Total Equity 9,032 10,590 9,549 11,056 15.8% UlaMM
Others
Income Statement Highlight (Rp Bn)
2023 2024 1Q24 1Q25 g YoY
Net Interest Income 12,358 13,994 3,350 3,304 -1.4%
Other Operating Income 237 262 36 73 102.0%
Overhead Cost 8,118 8,796 2,023 2,209 9.2% 91%
Net Income After Tax 1,650 1,498 476 500 5.1%
Products & Services
Key Ratios
▪ Mekaar group lending for female borrowers
▪ ULaMM Micro lending
2023 2024 1Q24 1Q25 g YoY
Extensive Network & Sales Force
NIM 26.7% 27.8% 27.0% 24.9% -2.1%
COF 6.8% 6.6% 6.6% 6.2% -6.2%
Extensive network with
COC 5.7% 7.7% 6.8% 4.6% -31.8%
+4,600 outlets across
CIR 64.5% 61.7% 59.7% 65.4% 9.5% Indonesia
Strong sales force with
The largest group lending provider in Indonesia +44,500 account officers
▪ Catering to more than 14.2 Mn borrowers, including 14.1 Mn group lending
borrowers
▪ Providing loans that are aimed at empowering underprivileged women
35
Page 36
PT. PEGADAIAN
Increasing Gold Price is Driving Strong Growth
Balance Sheet Highlight (Rp Bn)
2023 2024 1Q24 1Q25 g YoY Loan Composition
As of 1Q25
Total Assets 82,589 102,617 86,998 111,617 28.3%
Loan Outstanding (Gross) 67,574 85,379 71,565 92,955 29.9%
Total Liability 42,954 66,642 53,048 73,918 39.3% 14%
Total Equity 32,637 35,974 33,950 37,699 11.0%
Gadai
(Rp Bn) Non Gadai
Income Statement Highlight
2023 2024 1Q24 1Q25 g YoY 86%
Net Interest Income 12,433 15,203 3,631 4,468 23.1%
Other Operating Income 1,912 2,551 504 934 85.3% Products & Services
Overhead Cost* 8,528 9,529 2,141 2,599 21.4 ▪ Pawn financing ▪ Gold savings
Net Income After Tax 4,377 5,852 1,385 1,740 25.6% ▪ Micro-fiduciary ▪ Others (e.g., money
*Excluding Cost of Good Sold for Gold financing transfers, payments)
▪ Bullion Banking
Key Ratios Extensive Network & Sales Force
+3,900 sales force
2023 2024 1Q24 1Q25 g YoY
+ 4,000 Outlets
NIM 19.7% 19.5% 20.7% 19.7% -1.0%
COF 5.9% 6.3% 6.1% 6.2% 2.2% +8.2 Mio Active Borrowers
COC 0.2% 0.7% 1.1% 2.2% 96.6% Gold Savings
CIR 59.4% 53.7% 51.8% 48.1% -7.1% +3.5 Mio Active Cust. with +11.9
Tonne gold outstanding
Bullion Banking
The oldest pawn service provider with more than 120 years
992kg 233bn
experience Gold Deposits Gold Working Capital Loan
▪ The largest pawn service provider based on Asset & Loan
▪ Leader in pawn lending with market share of more than 95%, catering 2,707kg 1,084kg
Gold Custodian Gold Trading
to more than 8.2 Mn borrowers
36
Page 37
ESG INITIATIVES
37
Page 38
VALUE BEYOND PROFIT, COMMITMENT TO ESG
At The Forefront of ESG Implementation
BRI Sustainability Journey BRI Sustainability Pillars Aligned with BRI Corporate Vision
1985
2013 2015 2017 2019 2020
1986 ESG Aspiration
World-Class Sustainable Banking Group Focusing on
KUPEDES & Published first Joined First Issued CPO Issued Conducted Environmental, Social, and Governance Dimensions
SIMPEDES Sustainability Movers on specific- Sustainability GHG
was launched Report Sustainable sector Loan Bond Emission Sustainability Strategy Pillar
Banking Policy ($ 500Mn) Calculation
initiated by Responsible Business Stakeholder Adaptive Portfolio
OJK & Operation Empowerment Management
• Corporate Governance • Customer Empowerment • Sustainable Finance
2025 2024 2023 2022 2021 • Business Ethics • Employee Empowerment • Green Banking
• Risk & Cybersecurity • Community Empowerment • Climate Risk
Formed • Green Network
Adopted IFRS Green Bond Net Zero Formed ESG
S1 and S2 (Rp 2.5Tr) Ultramicro
Emission Division
frameworks Social Loan Target 2050
Holding with Expected SDGs Impact
in 2024 BRI Pegadaian &
($ 800Mn)
Sustainability Committed to Sustainability PNM
Published Oil
Report SBTi to set Strategy
& Gas and
science- Formed ESG
Coal loan policy Issued Green
based NZE Committee
NZE Near Term Bond
Target target (Rp 5 Tn) Constituent Sustainability
Approved by Issued TCFD of IDX ESG
SBTi
Pulp & Paper performance
Report Leaders
sub-sector loan throughout 2024 is
Published Principles of Index
policy outlined in our newly
Climate Human Rights
Related Report PCAF published report.
in Employment
Conduct Signatory Environmental
Climate Risk UNGC
Stress Testing Signatory Financed Social 2024 Sustainability Report
emission
ISO 26000 Green Bond Governance
calculation
Adaptation (IDR 6 Tn) 38
Page 39
RESPONSIBLE BUSINESS & OPERATIONS
At The Forefront of ESG Implementation
BOARD GOVERNANCE As of Q12025 IFRS S1 & S2 Adaptation
Board of Management* BRI has adopted IFRS S1 & S2 in its reporting practices. Based on the standard,
an entity shall disclose material information about the sustainability-related risks
& opportunities that could reasonably be expected to affect the entity’s prospects.
23% Women in Board
of Director
*The 15 members of BoM The Material Topics are
To assess the material information, BRI
become effective upon Fit &
Proper Test Approval from OJK
50% Independent
Commissioners conducts double materiality assessment: disclosed using IFRS S1 &
1. Outside-in (Financial materiality): S2 Pillars:
How sustainability-related risks and 1. Governance
opportunities affect the company’s own 2. Strategy
Committees Under Board of Committee
financial performance 3. Risk Management
2. Inside-out (Impact materiality): how 4. Metrics & Target
Audit Committee
the company’s operations and activities
Nomination & Remuneration Committee All committees under BoC affect the environment and society
are chaired by an
Risk Management Monitoring Committee Independent Commissioner
BUSINESS ETHICS: WHISTLEBLOWING SYSTEM
Integrated Governance Committee
WHISTLEBLOWING SYSTEM BRI has established a whistleblowing
SMS/WA: 0811 8200 600 system (WBS) as a confidential platform
Long-term Incentive Plan for the
for reporting complaints or incidents. It
Members of Board of Management ESG Governance
whistleblower@corp.bri.co.id safeguards the identities of
whistleblowers and all involved parties.
BRI offers a 3-year performance- ESG Committee, chaired by the whistleblowing-system.bri.co.id Reports can be submitted by BRI
based share/cash bonus (LTI) to CEO, oversees ESG strategies, employees, customers, business
Board members, tied to ROE, NPLs, monitor ESG performance, and PO BOX 1895 JKP 10900 partners, or other external stakeholders.
and total shareholder return. manage ESG risks.
39
Page 40
RESPONSIBLE BUSINESS & OPERATIONS
Strengthening Cyber Security & Green Initiatives To Manage Climate Impact
CYBERSECURITY Green Initiatives to Support NZE 2050 (2024)
BRI takes a proactive approach to cybersecurity, continuously investing in
Implemented Solar Panels in 143 offices
measures to safeguard customer information. Our robust cybersecurity programs
have resulted in Zero data breach in the past 5 years.
Identify Protect Detect Response Recover
• IT security • Security • Security • Cyber • IT recovery
Maturity Governance Operation Security orchestration
Assessment • Data security Center Incident • Strategic
• Gap analysis • Policies & • Thread Response post-cyber Converted operational vehicles to eco-friendly vehicles
Procedures Intelligence Team attacks 796 Unit
• Awareness • Brand (CSIRT) analysis eco-friendly vehicles
& Training Protection
OPERATIONAL EMISSIONS: TARGET, PROGRESS & INITIATIVES Avoidance & Removal Emissions Initiatives
Operational Emissions Target & Progress (TonsCO2eq)
Zero Waste to Landfill Program
BRI has established waste management and routine monitoring that includes a
492,370 486,352 470,508 series of activities, from sorting, disposal, collection, and transportation, to
42% reduction Scope 1 Emissions processing. Total 524.18 ton CO2e of emission avoided in 2024
compared to Scope 2 Emissions
Base Year
360,135 355,742 346,353 100,403 Net Zero
Target
77,641
132,235 130,610 124,155 -
22,762
2022 2023 2024 Q1 2025 2030 2050
Near-term
Base Year
Target
40
Page 41
CUSTOMER EMPOWERMENT
Expanding financial inclusion & literacy in Indonesia
BRI is committed to providing access to customer-centric and affordable financial products & services to unserved and underserved groups
As of Q1 2025
Access Usage Quality
Making financial services available and accessible Creating and offering affordable financial products that Helping customers improve their financial knowledge and grow
through branches, digital banking, & BRILink networks. meet the changing needs of customers their businesses through community programs.
A program to create successful
Extensive Banking Channels Saving Products 4,327
businesses in villages across
Simple and affordable savings 175 million Indonesia, helping achieve global BRILiaN
account to meet the needs of accounts development goals. Villages
7,488 742,873 individuals from all walks of life
1,031
Physical Outlets Senyum Outlets E-channels* A program targeting micro-
Savings account designed 3.9 million communities by forming Business 39,866
Inclusive Banking Channels for Individual specifically for children under accounts Clusters based on shared interests, Business
with Disability the age of 17 environmental conditions, and Clusters
208 775 Micro Insurance Products familiarity.
Disability-friendly Disability-friendly
Banking ATM & CDM Affordable life insurance for 3.3 million A platform to support the development
individuals in micro segment Policies of MSMEs, offering various training, 11.02
Digital Financial Inclusion through BRImo consultations, business information, Million
(in Million) Affordable home insurance for 2.9 million and other supporting facilities. Users
(in Million)
# Financial Trx
individuals in micro segment policies
A digital marketplace for food
1,400
.0
39
107,894
38 1,200
.0
37
1,000
.0
commodities, enabling farmers,
36
38.6 Affordable business
35 800
.0
1,216.7 5.0 million Users
# Users
969.6
34
600
.0
breeders, and fishers to sell their
33
33.5 property insurance for
32 400
.0
31
200
.0
policies
products across Indonesia.
30
individuals in micro segment
-
1Q24 1Q25 1Q24 1Q25
Ultra Micro & Micro Loan Improve and protect customers financial well-being through:
Expand access through BRILink Agents Group-based ultra-micro loan • Fair marketing policy
14.2 million
1,400
.0
(in Thousand) 300
.0
(in Million) specifically designed to empower borrowers • Customer’s Data privacy management
under-privileged women • Financial Advisor & Digital Literacy
# Transaction
1,200
.0 250
.0
1,000
.0
• Loan calculation to avoid over-indebtedness
200
.0
800
.0
1,191.1 285.2 273.7 Pawn lending product to meet
# Agents
7.7 million
150
.0
• Responsible Debt Collection
600
.0
796.8
100
.0
the needs of customers borrowers
400
.0
50.0
200
.0
Dec 2023 Dec 2024
- -
1Q24 1Q25 1Q24 1Q25 BRI micro-lending products to Customer Satisfaction Rate
meet the needs of individual
13.0 million 84.66 87.06
Transactions via BRILink Agents include transfers, payments, borrowers
cash deposits and withdrawals. and business customers
*Includes ATM, EDC, CRM and e-Buzz 41
Page 42
CUSTOMER & COMMUNITY EMPOWERMENT
Empowering underprivileged women and Protecting nature
EMPOWERING WOMAN THROUGH PNM MEKAR Meaningful Weekly Group Meeting
PNM Mekaar provides access to capital, assistance, & capacity building
Meaningful Weekly Group Meeting (PKM
programs for Underprivileged Women Community & SME, especially female
Bermakna) is carried out by Mekaar Loan
housewives.
Officer through weekly group meeting
As of 1Q25 activities
+14.2 Mn Women Empowerment as part of the
6.3% YoY
44,579 Female Borrowers Meeting Schedule
Mekaar Account Officer • Importance of saving
+Rp 47.1 Tn • Reading business opportunities
5.2% YoY • Managing business and family
All Mekaar Account Officers Mekaar Loan finances, etc.
are female Outstanding
FOSTERING SUSTAINABLE COMMUNITY
BRI Menanam and BRI Menanam Grow & Green
(BRI Tree Planting) has distributed more than 1 Million tree seedlings and reached
more than 2,600 locations throughout Indonesia. The estimated absorption of
pollutant gasses in 2024 are 985.44 ton CO2e.
PNM Mekaar Business Capacity Development Initiatives
Social Return on Investment
Training for Borrower Preparation BRI Menanam Grow & Green
Carried out for 3 days
Training Program for prospective customers of prior to loan 5.85
PNM Mekaar disbursement
42
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PEOPLE EMPOWERMENT
Developing Human Capital & Promoting Human Rights
HUMAN CAPITAL MANAGEMENT 2024 Employee Support Program
81,848 Supporting Physical Wellbeing Supporting Social Wellbeing
total employees • Regular Medical Check-up • Respectful Workplace Policy
(permanent, contract & trainee)
• Health Insurance
• Fitness Center Supporting Financial Wellbeing
As per 2024 41.19% female out of total employee • Seminar focusing on personal
Supporting Psychological Wellbeing financial management
Age < 30 years; 30 – 50 years; > 50 years; • Psychological consultancy through
Composition 29.19% 66.72% 4.09% BASIC (BRILiaN Assistance Center) Employee Engagement Survey : 3.51
• Maternity & Paternity Leaves
40.70%
25.23% 74.77%
Total
Training as An Effort to Enhance Performance
Total
4,522 Male 54 59.30%
Female
Male 79 77 100% of BRI employees receive
25.23% Women Leaders Employees with Disability Female hours hours training to manage the performance of
out of Total Management* Company, Business Units, and Individuals.
* including: Top Management, Employee Turnover Rate: Average Training Hours Per Gender
Middle Management, and Junior
Management
1.29%
HUMAN RIGHTS MANAGEMENT
Long-Term Incentives For Employees since 2016 BRI has established human rights policy and assessed human rights among employees and vendors
Human Stakeholders Human Rights Issues Being Assessed
Employee Stock Allocation Program (ESA) Rights
The Employees eligible for ESA will be from all levels based on Discrimination & harassment, Diversity, equity, & inclusion, Health &
Assessment Employees safety, Remuneration, Work-Life balance, Human Capital
multi-year historical performance requirement
development, Freedom of association
Employee Stock Option Program (ESOP)
Forced Labor, Child Labor, Limited Collective Bargaining, Freedom of
The Employees eligible for ESOP will be from BOD-1 to BOD-4 Vendors Association, Health & Safety, Unfair Work Conditions, Discrimination,
level out of a total of 7 levels of employees Inadequate Living Standard, Limited Medication, Privacy Violation
43
Page 44
ADAPTIVE PORTFOLIO MANAGEMENT
Sustainable finance
Sustainable Financing Portfolio (Rp Tn) ESG-based Wholesale Funding
BRI is driving positive change by directing 64.16% of its financing and 7.53%
As of Q1 2025 3.1%
corporate bond investment towards sustainable sectors. Green Bond
Total Wholesales Funding : Rp 111.79 Tn 5.30%
5.5 Inclusivity-based Securites
900
.0
4.5 4.4
800
.0
11.8% Repo ESG
80.4 86.6 89.9 Sustainability Linked Loan
700
.0
39.66% of BRI’s total wholesale 60.3%
78.8 ESG-based Corporate Social Loan
600
.0
70.8 funding are ESG-based
Bond Investment 11.8% Non ESG-based Funding
500
.0
400
.0
Green Loan Portfolio Green Bonds
692.3 698.7 700.6
300
.0
616.1
543.4
200
.0
Green Bond Phase I Green Bond Phase 2 Green Bond Phase 3
Social Loan Portfolio
Issue Date 17 October 2023 Issue Date 20 March 2024
100
.0
Issue Date 21 July 2022
-
Total Size Rp 5 Trillion Total Size Rp 6 Trillion Total Size Rp 2.5 Trillion
2021 2022 2023 2024 Q1 2025
Proceed • 81% Green Projects Proceed • 81% Green Projects Proceed • 70% Green Projects
Allocation • 19% Social Projects Allocation • 19% Social Projects Allocation • 30% Social Projects
Green Financing Portfolio Breakdown (Q1 2025) (Rp Tn)
Contribution to SDGs
Green transportation; Rp3.55 Eco-efficient products; Rp7.80
Renewable energy; Rp6.47 Inclusivity-based Securities Sustainability-linked Loan Social Loan
Medium Term Notes 2022 The First Asia Financial
Green building; Rp0.32 Social Loan
Sector launching SLL
Issue Date 24 November 2022
Pollution prevention
Sustainable & control; Rp0.50 Total Size Signing Date 26 August 2022 Issue Date 6 August 2024
Rp 5 Trillion
management of
living natural Total Size US$ 1 Billion Total Size US$ 800 Million
resources and Subordinated Bonds IV 2023
% increase in Micro Project 100% Social
land use ; Issue Date 6 July 2023 (SPTs)
Loan Composition Allocation Project
Rp61.16
Other environmentally- Rp 500 Billion
Total Size Contribution Contribution
friendly projects; Rp10.20
The proceeds are allocated for financing for to SDGs to SDGs
MSMEs, MSME Corporations, and/or Low-
Income Individuals
Based on Environmentally Friendly Business Activities in POJK No. 60/POJK.04/2017
Contribution to SDGs 44
Page 45
ADAPTIVE PORTFOLIO MANAGEMENT
INCORPORATING ENVIRONMENTAL CONCERNS INTO LENDING POLICY
BRI Loan Policy Palm Oil Loan Policy Pulp & Paper Loan Policy Climate Risk Stress Testing
No deforestation practices, including No deforestation practices, including • Aligned with the Financial
BRI Negative List Loan land clearing and no exploitation land clearing and no exploitation Services Authority (OJK)
Policy, BRI is committed to
having no exposure in ISPO/RSPO certification or still in the roadmap for Climate Risk
Industry Certification: Timber Legality
several sectors, including process of obtaining ISPO certification Management and Scenario
Assurance System (SVLK)/ HCV or HCS
but not limited to: Gold or Green Predicate on PROPER Assessment/ Green Industry Certification/ Analysis (CRMS)
Rating Forest Stewardship Council/ Indonesian implementation, BRI
• Illegal Logging Forestry Certification Cooperation conducted Climate Risk
• Cultivation of Marijuana & Stress Testing (CRST) in 2
Oil and Gas Policy Gold or Green Predicate on PROPER
phases.
Narcotics productions and Rating
trading Energy Transition
Road map for reducing GHG emissions Loan Exposure • The Phase I analysis in July
• Forced labor, child
and Proof of implementing Energy 2024 covered 71.41% of
exploitation, human rights
Management in accordance with our total portfolio (50%
violation %Composition
regulation (activities that use energy > required by OJK).
• Money Laundering 6,000 TOE)
As of Q1 2025
• Destroying historical and Pulp & Paper 0.81%
PROPER Rating (Black PROPER • BRI has conducted analysis
archaeological building rating is not accepted) Oil & Gas 1.14% in Phase II that covers
• Trading protected animals Coal 1.37% 100% of our total portfolio
• Fishing business using on all sectors. The result
fishing gear that is
Coal Loan Policy Coal-fired Power 2.30%
Generation will be published in SR
prohibited by Energy Transition 2024.
Palm Oil - Plantation 5.88%
• Other fields/sector Roadmap for reducing GHG emissions
Palm Oil - Processing 1.37%
according to applicable and implement energy management in
& Manufacturing
law/regulation compliance with regulations
Palm Oil - Trading 0.46%
PROPER Rating (Black Others 86.68%
PROPER Rating is not accepted)
* The above specific sector loan policies only apply to corporate and medium segment debtors.
Each loan policy incorporates a comprehensive set of ESG risk mitigation measures, of which the examples provided are illustrative. 45
Page 46
REDUCTION TARGET AND PATHWAYS OF FINANCED EMISSION
Near Term Targets have been validated by the Science Based Targets Initiative (SBTi)
BRI employs the Sectoral Decarbonization Approach (SDA) and the Temperature Ratings Approach (TRA) methodology with 2022 as the base year.
Sectoral Decarbonization Approach (SDA) Temperature Rating Approach (TRA) Financed Emissions by Sector (TonsCO2eq)
Loan
3.16oC 3.14oC 3.18oC 3.18oC 3.16oC 1.76% 0.03%
3.09oC 2.01%
2.77oC 2.85oC 0.02%
1.62%
2oC
1.75oC
10.44%
27.27% 56.86%
2022 2023 2024 2027 2040 2022 2023 2024 2027 2040
Scope 1,2 Scope 1,2, 3
(Annual Reduction Rate (Annual Reduction Rate
(°C/year) 0.0783) (°C/year) 0.0656)
Bond & Listed Financed Emissions by Asset Class (TonsCO2eq)
Equity
2.01% 0.01%
3.11°C 3.09°C 3.19°C 3.18°C
3.01oC 2.86°C Business Loans
2.97oC
2.73°C 2.61%
2.00°C
1.75°C
Electricity Generation Project Finance
29.62%
Bond Investment
2022 2023 2024 2027 2040 2022 2023 2024 2027 2040
Commercial Real Estate
65.76%
Scope 1,2 Scope 1, 2, 3
(Annual Reduction Rate (Annual Reduction Rate Listed Equity
(°C/year) 0.0756) (°C/year) 0.0661)
Realization Target
46
Page 47
BRI ESG RATINGS
Sustainalytics MSCI Other ESG Ratings
• Overall Score: 110.2
• Top 3 public listed company in
ESG Risk Rating Indonesia with top score above 97
ESG Rating
• CGPI Score: 95.31, considered as the
Low Risk A A A CGPI “Most Trusted Company”
Low Risk • The score increased from 95.21 in
Medium Risk 18.8 17.8 2023
20.9
• FTSE4Good ASEAN 5 Index
• Top 5 Constituents (as of Dec 2024)
2021 2022 2024 2022 2023 2024
Last Update: May 16, 2024 Last Update: June 25, 2024
Indonesia’s Stock Market Indices
S&P Global SRI-KEHATI
SRI-KEHATI Index is the Sustainable and
Responsible Investment (SRI) Biodiversity
index that uses the principles of ESG
• Classified as “ESG Quality 45” and “ESG Sector
95th Leaders”
90th 92th IDX ESG Leaders
Percentile Measuring the performance of
Rank companies that have good ESG
63 63 75 assessments and are not involved
ESG in significant controversy
Score:
BRI has been a constituent of the IDX ESG
2022 2023 2024 Leaders Index (ESGL) since March 2021
47
Page 48
ULTRA MICRO ECOSYSTEM
48
Page 49
ULTRA MICRO & MICRO ECOSYSTEM
Quantifying the opportunity and the network's multiple access points
Access to comprehensive Ultra Micro & Comprehensive Savings and Beyond
Micro Financing Products Banking Products
• Group Lending (PNM Mekaar): • Micro CASA: Rp325.1 (+2.4% YoY)
Rp47.1 Tn (5.2% YoY), 14.2 Mn borrowers • Micro Insurance (Life/ Health, House &
(-6.3% YoY) Property): 11.1 Mn insurance policies (+48.5%
• Pawn Lending (Pegadaian): YoY)
Rp80.2 Tn (37.7% YoY), 7.7 Mn borrowers (6.9% • Life/ Health: 3.3 Mn policies (+5.8% YoY)
YoY) +35.4mn +182mn • House: 2.9 Mn policies (17.2% YoY)
• Micro Loans Across Each UMi Business: Micro • Property: 5.0 Mn policies (154.8% YoY)
(-3.6% YoY)
a) BRI Micro Loan: Rp486.4 Tn (-2.9% YoY), • Gold Savings & Investment:
13.0 Mn borrowers (-5.3% YoY) UMi & Micro Deposit
3.5 Mn customers & 11,952 kg gold OS (54.6%
b) PNM Ulamm: Rp3.3 Tn (-14.9% YoY), 65.0K Borrowers Accounts
YoY)
borrowers (-27.1% YoY) • Mobile Banking (BRImo): 40.3 Mn users (20.3%
c) Pegadaian (Non-Pawn Lending): Rp12.7 Tn YoY)
(-4.5% YoY), +540k borrowers (-13.7% YoY)
Wider Points of Access
Physical Outlets Co-Location BRI Financial Advisors
Physical Outlets BRILink Agents
+15.1K units (-1.2% YoY) (Senyum Outlets) E-Channels +74.6K (+0.7% YoY)
(BRI Micro Outlets +6.4K (-4.0% YoY); +742.8k units (BRI +26.8K (-2.1% YoY);
1,031 units +1.1 Mn Agents
Pegadaian +4.0 (-0.1% YoY); PNM +4,652 Pegadaian +3.2K (-20.4% YoY);
(1.2% YoY) (49.8% YoY) (+4.8% YoY)
(1.8% YoY) PNM +44.5K (+1.7% YoY)
49
Page 50
FOCUSED GROWTH ON THE ULTRA MICRO & MICRO SEGMENTS
Well-positioned To Serve The Growing Financing Needs of the Segment
National Posture of Indonesian Enterprises and Individuals
1
Corporate/
Corporation: ~5.6k business with sales of >Rp50 Bn and working capital
Individual 1 High Net Worth Individual: ~129k people with assets of >Rp500 Bn
of >Rp50 Bn
2 Medium: ~44.7k businesses with sales of >Rp15 Bn – Rp50 Bn and Medium Premium 2 Premium: ~1.1 Mn people with assets of >Rp500 Mn
working capital of >Rp5 Bn – Rp10 Bn
3 Small: ~194.0k businesses with sales of >Rp2 Bn – Rp15 Bn and 3 Middle Class: ~90 Mn people with assets of Rp50 Mn – Rp500 Mn
working capital of >Rp1 Bn – Rp5 Bn Small Middle
Class
4 Micro & Ultra Micro 4 Micro
• ~67 Mn businesses, incld. ~53 Mn businesses eligible for • c. ~165 Mn people with ample knowledge of basic
Ultra Micro loans saving products but low for investment and insurance
• Access to group loans or KUR only • Start using digital banking technology
Ultra Micro
Mass • Mostly reliant on informal funding
Micro and Ultra Micro
Digitized Business Process
Large Customer Base Extensive Banking Channels Comprehensive Product Offerings
BRI Micro & • BRISPOT Micro, Pegadaian Selena,
• 6,452 BRI Micro Outlets ❑ Lending: Individual, ❑ Insurance: Life and
Ultra Micro +35.4 Mn Borrowers PNM Digi (Digital Loan Underwriting
• 4,083 Pegadaian Outlets Group Lending, Pawn Health Insurance,
Comprehensive (+13.0 Mn BRI, +14.2 Mn General insurance System)
• 4,652 PNM Outlets Lending
Business PNM, +8.2 Mn Pegadaian • Senyum Mobile (cross-referral system)
• +1.1 Mn BRILink Agents ❑ Deposits: Saving ❑ Investment: Gold
borrowers)
Account, Current Savings • BRILink Mobile (Mobile App for Brilink
Account, Time Deposit ❑ Other Services Agents)
Source: Ministry of Coorperatives and SMEs’s published data (2021) and BRI’s public filings 50
Page 51
THE ESTABLISHMENT OF ULTRA MICRO ECOSYSTEM
Strengthen BRI’s Positioning In Micro Banking Through Integrated Customer Journey
Ultra Micro Business will serve as BRI’s New Source of Strong Business ecosystem of BRI, Pegadaian and PNM will create integrated customer journey
and Sustainable Growth through Unique Value Propositions
(# Ultra Micro Business)
Total ~53 Mn
Unserved ~3.0 Mn
Served
Friends & Family ~3.0 Mn Bank
Loan ~15.5 Mn
~3.0 Mn
Shark
Fintech ~1.5 Mn
Rural ~1.5 Mn ~9 mio
Bank
~44 mio
Pawn
Lending Value Propositions
~7.5 Mn
1 2 3 4 5 6
Group Comprehensive Wider Customer
~18 Mn Joint Access to Micro Data Empowerment
Lending Financing Customer Point of Access Payment Ecosystem Analytics & Increasing
Product Acquisition Through & Beyond Banking Capabilities
Offering Co-Location Products
Source: Company, as of 2023 51
Page 52
1Q 2025
CONSOLIDATED
FINANCIAL UPDATE
52
Page 53
KEY FINANCIAL HIGHLIGHTS
QoQ NIM Improved 16bps to 7.68% through lower CoF, Higher Lending Yield
Consolidated
Description
1Q25 4Q24 2024 1Q24 g QoQ g YoY
Total Loan & Financing (Rp Bn) 1,373,661 1,354,641 1,354,641 1,308,651 1.4% 5.0%
Micro/ Total Loans 46.02% 46.3% 46.3% 47.6% -0.3% -1.6%
NIM 7.7% 7.5% 7.8% 8.0% 0.2% -0.4%
Pre-Provision Operating Profit (Rp Bn) 29,895 29,243 116,752 30,747 2.2% -2.8%
Total CAR 24.0% 26.6% 26.6% 24.0% -2.6% 0.1%
CASA % 65.8% 67.3% 67.3% 61.7% -1.5% 4.1%
Cost to Income Ratio (CIR) 40.7% 42.4% 41.6% 37.4% -1.7% 3.3%
NPL (Gross) 3.0% 2.8% 2.8% 3.1% 0.2% -0.1%
Credit Cost 3.5% 2.8% 3.2% 3.8%
0.8% -0.3%
Net Credit Cost 2.1% 0.5% 1.3% 2.5%
ROA After Tax 2.7% 3.1% 3.1% 3.2% -0.4% -0.5%
ROE B/S 17.2% 18.4% 19.0% 20.2% -1.3% -3.1%
Leverage 6.9 6.2 6.2 6.7 70.0% 24.5%
Net Profit (Rp Bn) 13,804 15,281 60,644 15,983 -9.7% -13.6%
PATMI (Rp Bn) 13,673 15,090 60,155 15,886 -9.4% -13.9%
* We reclassified fee-based income from Supply Chain Financing into Net Interest Income (Non-Loan) of Rp 2.4 tn in FY24 and Rp 2.2 tn in FY23. All FY24 and FY23 is adjusted to reflect this change.
* Starting Jan-25, we have been using a new methodology to calculate NIM, based on the monthly average Earning Assets excluding Investment, Derivative Receivables, and Acceptance Receivables that do
not generate interest income. All historical data reflects this change 53
Page 54
BALANCE SHEET
Liquidity Frontloading in 1Q25 Drove Decline in LDR to a Healthy 86%
(Rp Bn)
Items 1Q25 2024 1Q24 g QoQ g YoY 2024 2023 2022
Cash and Cash Equivalent 111,669 118,663 110,311 -5.9% 1.2% 118,663 133,513 178,343
Total Earning Assets: 1,937,050 1,841,405 1,832,207 5.2% 5.7% 1,841,405 1,791,006 1,665,968
- Placement with BI & Other Banks 146,627 83,457 69,046 75.7% 112.4% 83,457 87,557 91,890
- Receivables (Acceptance & Others) 66,030 51,849 76,139 27.3% -13.3% 51,849 65,024 47,146
- Loans & Financing 1,373,661 1,354,641 1,308,651 1.4% 5.0% 1,354,641 1,266,429 1,139,077
- Gov't Bonds & Marketable Securities 342,478 343,381 370,907 -0.3% -7.7% 343,381 364,687 381,339
- Other Earning Assets 8,254 8,077 7,463 2.2% 10.6% 8,077 7,308 6,515
Earning Asset Provision: (83,805) (82,529) (89,398) 1.5% -6.3% (82,529) (88,172) (94,975)
- Loans and Financing Provisions (81,756) (81,064) (87,076) 0.9% -6.1% (81,064) (85,502) (93,088)
- Other Provisions (2,049) (1,465) (2,323) 39.8% -11.8% (1,465) (2,670) (1,887)
Fixed & Non-Earning Assets 133,316 115,444 135,955 15.5% -1.9% 115,444 128,660 116,303
Total Assets 2,098,229 1,992,984 1,989,074 5.3% 5.5% 1,992,983 1,965,007 1,865,639
Third Party Funds : 1,421,600 1,365,450 1,416,213 4.1% 0.4% 1,365,450 1,358,329 1,307,884
- CASA 934,950 918,981 873,298 1.7% 7.1% 918,981 874,070 872,404
Current Account 391,613 374,554 354,386 4.6% 10.5% 374,554 346,124 349,756
Savings Account 543,337 544,427 518,912 -0.2% 4.7% 544,427 527,946 522,648
- Time Deposits 486,650 446,469 542,916 9.0% -10.4% 446,469 484,259 435,481
Other Interest-Bearing Liabilities 242,913 200,597 178,360 21.1% 36.2% 200,597 180,023 162,817
Non-Interest-Bearing Liabilities 127,862 103,747 95,602 23.2% 33.7% 103,747 110,184 91,543
Total Liabilities 1,792,375 1,669,794 1,690,175 7.3% 6.0% 1,669,794 1,648,535 1,562,244
Tier 1 Capital 274,338 291,308 266,204 -5.8% 3.1% 291,308 283,949 273,812
Total Equity 305,854 323,189 298,898 -5.4% 2.3% 323,189 316,472 303,395
Total Liabilities & Equity 2,098,229 1,992,983 1,989,074 5.3% 5.5% 1,992,983 1,965,007 1,865,639
*Financial figures for 2021 is restated to include Pegadaian and PNM in accordance with PSAK 38 54
Page 55
INCOME STATEMENT
1Q25 PPOP Increased 2.2% QoQ, Driven by Higher Net Interest Income
(Rp Bn)
Items 1Q25 4Q24 1Q24 g QoQ g YoY 2024 2023 2022
Interest Income 49,838 48,629 50,607 2.5% -1.5% 199,266 181,215 151,875
Interest Expense (13,987) (14,173) (14,123) -1.3% -1.0% (57,209) (43,813) (27,278)
Net Interest Income 35,852 34,456 36,485 4.1% -1.7% 142,057 137,402 124,597
Net Premium Income 1,066 1,256 562 -15.1% 89.6% 3,250 2,161 1,577
Other Operating Income (Non-Interest) - incld. Gold 13,524 15,074 12,089 -10.3% 11.9% 54,561 43,727 39,426
Total Operating Expenses (20,544) (21,543) (18,389) -4.6% 11.7% (83,116) (76,782) (74,316)
Personnel Expenses (10,834) (8,283) (9,764) 30.8% 11.0% (39,184) (37,850) (39,390)
G&A Expenses (7,235) (7,823) (6,917) -7.5% 4.6% (29,652) (28,484) (25,959)
Others Expenses (2,476) (5,437) (1,708) -54.5% 44.9% (14,280) (10,448) (8,967)
Pre-Provision Operating Profit 29,897 29,243 30,747 2.2% -2.8% 116,752 106,508 91,285
Provision Expenses (12,275) (8,710) (10,713) 40.9% 14.6% (38,174) (29,679) (26,979)
Loan - Provision Exp (12,012) (9,384) (12,336) 28.0% -2.6% (42,972) (28,728) (27,894)
Non-Loan - Provision Exp (263) 674 1,623 -139.0% -116.2% 4,798 (951) 915
Profit From Operations 17,622 20,533 20,034 -14.2% -12.0% 78,578 76,829 64,306
Non-Operating Income (240) (922) (109) -74.0% 119.9% (979) (399) 291
Net Income Before Tax 17,382 19,611 19,925 -11.4% -12.8% 77,599 76,430 64,597
Net Profit 13,804 15,281 15,983 -9.7% -13.6% 60,644 60,425 51,408
Profit After Tax & Minority Interest (PATMI) 13,673 15,090 15,886 -9.4% -13.9% 60,155 60,100 51,170
*) We reclassified fee-based income from Supply Chain Financing into Net Interest Income (Non-Loan) of Rp 2.4 tn in FY24 and Rp 2.2 tn in FY23. All FY24 and FY23 is adjusted to reflect this change. 55
Page 56
1Q 2025
BANK ONLY PERFORMANCE
56
Page 57
FINANCIAL HIGHLIGHT – BANK ONLY
Bank Only
Description
1Q25 4Q24 2024 1Q24 g QoQ g YoY
Total Loan (Rp Bn) 1,226,282 1,215,847 1,215,847 1,181,606 0.86% 3.78%
Micro/ Total Loans 39.66% 40.40% 40.40% 42.37% -0.74% -2.71%
NIM 6.52% 6.32% 6.71% 6.96% -0.19% -0.44%
Total CAR 21.55% 24.41% 24.41% 21.87% -2.86% -0.32%
CASA % 66.00% 67.54% 67.54% 61.86% -1.53% 4.14%
Cost of Fund 3.35% 2.75% 3.56% 3.54% -0.21% -0.19%
Cost to Income Ratio (CIR) 38.68% 37.36% 37.22% 34.25% 1.46% 4.43%
NPL (Gross) 3.14% 2.78% 2.94% 3.27% 0.21% -0.13%
Credit Cost 3.56% 2.78% 3.17% 3.82%
0.39% -0.26%
Net Credit Cost 1.99% 0.56% 1.15% 2.39%
ROA After Tax 2.37% 3.07% 2.99% 2.98% -0.62% -0.61%
ROE B/S 14.98% 18.50% 18.40% 18.62% -3.42% -3.64%
Leverage 6.9 6.1 6.1 6.6 0.8 0.3
Net Profit (Rp Bn) 11,091 13,208 54,841 13,799 -16.03% -19.63%
57
Page 58
BALANCE SHEET – BANK ONLY
Balance Sheet Optimization Supported by Earning Assets Mix
(Rp Bn)
Items 1Q25 2024 1Q24 g QoQ g YoY 2023 2022 2021
Cash and Cash Equivalent 111,140 118,096 109,631 -5.9% 1.4% 132,904 177,282 82,059
Total Earning Assets: 1,797,909 1,711,302 1,718,402 5.1% 4.6% 1,684,737 1,573,609 1,504,797
- Placement with BI & Other Banks 143,705 80,743 65,959 78.0% 117.9% 85,555 88,710 66,922
- Receivables (Acceptance & Others) 66,018 51,836 76,125 27.4% -13.3% 65,018 47,075 39,856
- Loans 1,226,282 1,215,847 1,181,606 0.9% 3.8% 1,146,083 1,029,803 943,703
- Gov't Bonds & Marketable Securities 311,478 312,635 345,280 -0.4% -9.8% 338,826 360,085 408,265
- Other Earning Assets 50,425 50,241 49,432 0.4% 2.0% 49,255 47,936 46,051
Earning Asset Provision: (73,830) (72,613) (80,576) 1.7% -8.4% (79,660) (86,447) (82,868)
- Loans Provisions (71,801) (71,162) (78,259) 0.9% -8.3% (77,010) (84,579) (80,911)
- Other Provisions (2,029) (1,451) (2,317) 39.8% -12.4% (2,650) (1,868) (1,957)
Fixed & Non-Earning Assets 97,176 83,609 103,021 16.2% -5.7% 97,267 86,550 68,773
Total Assets 1,932,395 1,840,395 1,850,477 5.0% 4.4% 1,835,249 1,750,995 1,572,761
Third Party Funds : 1,416,331 1,360,134 1,410,365 4.1% 0.4% 1,352,683 1,300,776 1,127,849
- CASA 934,812 918,573 872,398 1.8% 7.2% 873,169 870,532 713,973
Current Account 393,247 375,906 354,898 4.6% 10.8% 346,655 349,492 219,397
Savings Account 541,565 542,667 517,500 -0.2% 4.7% 526,515 521,040 494,576
- Time Deposits 481,519 441,561 537,967 9.0% -10.5% 479,514 430,244 413,876
Other Interest-Bearing Liabilities 142,497 106,289 96,370 34.1% 47.9% 103,533 95,353 103,204
Non-Interest-Bearing Liabilities 94,277 74,559 65,343 26.4% 44.3% 80,296 61,244 55,291
Total Liabilities 1,653,106 1,541,022 1,572,077 7.3% 5.2% 1,536,512 1,457,373 1,286,343
Tier 1 Capital 222,020 241,043 219,771 -7.9% 1.0% 238,957 234,728 231,397
Total Equity 279,289 299,373 278,400 -6.7% 0.3% 298,737 293,622 286,418
Total Liabilities & Equity 1,932,395 1,840,395 1,850,477 5.0% 4.4% 1,835,249 1,750,995 1,572,761
58
Page 59
LOAN PORTFOLIO – BANK ONLY
Loan Growth Led By Corporate & Consumer Segments
Loan Outstanding – by business segment (Rp Tn) Composition – by business segment (%)
12
00. %
1,400
.0
1,215.8 1,226.3
1,181.6
1,146.1
100. %
1,200
.0
1,029.8 19.1% 18.3% 17.5% 18.0% 20.9% 19.3% 21.1%
254.2 258.4
206.8 228.4
943.7 2.2% 2.0% 2.8%
2.3% 2.9%
1,000
.0
80
.0
%
880.7 180.6 39.1 34.2 41.1 3.2% 3.4%
32.3
172.4 21.6% 21.1% 19.9% 19.6%
21.0 232.2 22.4% 18.8% 18.9%
800
.0
168.4 228.1 228.1 231.7
20.8 60
.0
%
20.0 216.9
204.1 15.8% 15.7% 15.9% 15.8%
600
.0
197.2 182.4 203.2 186.7 208.2 16.3% 16.7% 17.0%
161.7 40
.0
%
149.4
400
.0 143.7
39.9% 42.1% 43.7% 43.3% 40.4% 42.4% 39.7%
496.6 491.2 500.7 486.4
20
.0
%
200
.0
397.0 449.6
351.3
0.0%
-
2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25
Micro Consumer Small Medium Corporate Total
YoY Growth ( % ) -2.9 11.5 0.2 20.2 13.2 3.8
(Rp Tn) -14.3 21.4 0.5 6.9 30.1 44.7
√ Since 2022, BRI has classified SOE and Corporate non-SOE into Corporate Segment 59
Page 60
MICRO DISBURSEMENTS MODERATING
Micro Disbursement Declined as Main Focus Was Asset Quality and Recovery
Kupedes Quarterly Disbursement (Rp Tn) Disbursement Composition by Product
12
00. %
70.0
60.0
59.3 10.0%
5.8% 4.9% 5.8% 6.0%
50.3
46.7
50.0
25.2%
45.3
80
.0
%
40.4% 43.0%
40.0
37.9 56.1%
60
.0
%
30.8 31.0
30.0 28.4 28.8
22.7 22.7 40
.0
%
20.0
19.0 69.0%
16.2
53.8% 51.0%
39.0%
20
.0
%
10.0
- 0.0%
2022 2023 2024 2025 2022 2023 2024 1Q25
Q1 Q2 Q3 Q4
KUR Kupedes Briguna
60
Page 61
LOAN DETAIL: MICRO LOANS – BANK ONLY
Use of Loan Business Sector
12
0. 0
%
12
00. %
10. 0
%
14.0% 14.4% 13.9%
100. %
15.3% 12.6% 11.8% 12.2% 11.8% 23.8% 21.3% 19.5%
18.9% 80
. 0%
8.8% 8.7% 8.7%
80
.0
%
7.6% 7.9% 8.6%
40.7% 40.1%
60
. 0%
60
.0
%
41.8%
40.5% 39.6% 40.4%
40
.0
% 74.6% 81.7% 86.3% 87.8% 87.0% 87.9% 40
. 0%
7.2% 7.7% 7.0%
8.0% 8.0% 7.5%
20
. 0%
29.4% 30.2%
20
.0
%
6.5% 20.0% 23.2% 23.9% 27.5%
3.0% 1.1% 0.4% 0.9% 0.3%
0.0%
0.0%
2021 2022 2023 2024 1Q24 1Q25 2021 2022 2023 2024 1Q24 1Q25
Agribusiness Industry Manufacturing Trading, Hotel & Rest.
Investment Working Capital Consumptive
Business Services Others
Collectability Restructuring Status
10
5. 0
%
12
0. 0
%
5.5% 6.2% 5.3%
10. 0
%
10.4% 6.9%
10. 0
%
1.5% 1.7% 2.5% 2.9% 2.7% 17.8%
3.4%
3.0% 4.0% 80
. 0%
5.7%
95
. 0%
6.2% 7.1% 6.9% 60
. 0%
93.1% 94.5% 93.8% 94.7%
90
. 0%
82.2% 89.6%
95.5%
40
. 0%
94.3%
91.8% 91.0%
85
. 0%
90.2% 89.8% 20
. 0%
80
. 0% 0.0%
2021 2022 2023 2024 1Q24 1Q25 2021 2022 2023 2024 1Q24 1Q25
Current SML NPL Non Restructured Restructured
Note: All numbers are bank only, unless stated as consolidated 61
Page 62
LOAN DETAIL: CONSUMER LOANS – BANK ONLY
Product Breakdown (Rp Tn) % Product Composition
250
.0
Growth YoY 12
0. 0
%
203.2 208.2 11.5%
182.4 186.7 9.0
10. 0
%
3.6% 4.1% 4.4% 4.4% 4.5% 4.3%
200
.0
8.9 7.6%
161.7 8.1 8.3
149.4 58.6 60.6 14.1%
80
. 0% 26.2% 27.2% 28.2% 28.8% 28.4% 29.1%
6.6 53.1
150
.0
5.4 51.5
39.1 44.0 60
. 0%
100
.0
40
. 0%
135.8 138.6 10.6% 70.2% 68.7% 67.3% 66.8% 67.1% 66.6%
111.1 122.8 125.3
50.0
104.8 20
. 0%
- 0.0%
2021 2022 2023 2024 1Q24 1Q25 2021 2022 2023 2024 1Q24 1Q25
Salary-Based Mortgage Credit Card & Others Salary-Based Mortgage Credit Card & Others
Collectability Restructuring Status
11
0. 0
%
10
1. 0
%
3.0% 1.8% 2.7% 1.7%
10. 0
%
1.8% 2.0% 1.9% 2.0% 7.0% 5.3%
99
. 0%
1.8% 2.2%
90
. 0%
97
. 0%
2.2% 2.8% 2.8% 2.3% 2.3%
2.9% 80
. 0%
95
. 0%
97.0% 98.2% 97.3% 98.3%
70
. 0%
93
. 0%
93.0% 94.7%
91
. 0%
95.4% 95.3% 95.2% 95.8% 94.9% 95.7% 60
. 0%
50
. 0%
89
. 0%
87
. 0% 40
. 0%
2021 2022 2023 2024 1Q24 1Q25 2021 2022 2023 2024 1Q24 1Q25
Current SML NPL Non Restructured Restructured
Note: All numbers are bank only, unless stated as consolidated 62
Page 63
LOAN DETAIL: SMALL LOANS – BANK ONLY
Business Sector Use of Loan
12
0. 0
%
12
00. %
10. 0
%
7.8% 7.9% 8.7% 9.3% 8.6% 9.2%
100. %
6.3% 7.1% 7.0% 7.1% 7.2% 7.3%
80
. 0%
80
.0
%
85.1% 84.9%
60
. 0%
86.5% 86.1% 85.4% 85.3%
60
.0
%
71.5% 69.3% 67.0% 65.3% 66.6% 64.9%
40
. 0% 40
.0
%
20
. 0% 20
.0
%
5.7% 6.1% 6.5% 6.8% 6.6% 6.8%
8.7% 9.6% 10.8% 11.6% 11.0% 11.8% 0.0%
13.5% 13.9% 14.6% 14.9% 14.6% 15.0%
0.0%
2021 2022 2023 2024 1Q24 1Q25 2021 2022 2023 2024 1Q24 1Q25
Agribusiness Industry Manufacturing Trading, Hotel & Rest. Investment Working Capital
Business Services Others
Collectability Restructuring Status
12
0. 0
%
10
2. 0
%
10. 0
% 10. 0
%
14.2% 11.9% 13.2% 11.7%
98
. 0%
4.0% 4.3% 4.88% 4.4% 5.44% 4.67% 23.2%
96
. 0%
80
. 0%
36.9%
94
. 0%
3.4% 4.3%
5.15% 4.7%
5.80%
60
. 0%
92
. 0%
6.26%
85.8% 88.1% 86.8% 88.3%
90
. 0%
76.8%
40
. 0%
88
. 0%
92.5% 63.1%
91.4% 90.0% 90.8% 89.5%
86
. 0%
84
. 0%
88.3% 20
. 0%
82
. 0%
0.0%
2021 2022 2023 2024 1Q24 1Q25 2021 2022 2023 2024 1Q24 1Q25
Current SML NPL Non Restructured Restructured
Note: All numbers are bank only, unless stated as consolidated 63
Page 64
LOAN DETAIL: MEDIUM LOANS – BANK ONLY
Business Sector Use of Loan
12
0. 0
% 12
00. %
5.5% 5.8% 6.5% 7.0% 6.6% 7.6%
10. 0
%
100. %
5.9% 6.3% 6.1% 7.0% 5.8% 7.1%
80
. 0%
6.9% 6.6% 5.0% 5.3% 5.1% 5.4% 80
.0
%
33.6% 38.0% 40.9% 39.0% 40.9% 39.1%
60
. 0%
60
.0
%
70.1% 69.7% 74.3% 72.7% 74.1% 71.6%
40
. 0%
16.1% 15.0% 12.3%
14.7% 14.8% 12.6% 40
.0
%
20
. 0% 17.4% 16.0% 15.3% 17.1% 15.9% 16.1%
14.6% 12.3% 11.6% 12.5% 11.0% 12.2%
20
.0
%
0.0%
29.9% 30.3% 25.7% 27.3% 25.9% 28.4%
2021 2022 2023 2024 1Q24 1Q25 0.0%
2021 2022 2023 2024 1Q24 1Q25
Agribusiness Industry Manufacturing Construction
Trading, Hotel & Rest. Distribution & Warehouse Business Services Investment Working Capital
Others
Collectability Restructuring Status
10
2. 0
% 12
0. 0
%
5.6% 5.5%
10. 0
% 10. 0
%
8.2% 7.8%
2.3% 2.6% 2.6% 2.2% 2.5% 26.2% 18.6%
98
. 0%
3.6% 80
. 0%
96
. 0%
2.5% 2.5% 1.9% 2.8% 2.7% 60
. 0%
3.1% 91.8% 94.4% 92.2% 94.5%
94
. 0% 40
. 0%
73.8% 81.4%
95.2% 94.9% 95.5% 95.0% 94.8%
92
. 0% 20
. 0%
93.4%
90
. 0% 0.0%
2021 2022 2023 2024 1Q24 1Q25 2021 2022 2023 2024 1Q24 1Q25
Current SML NPL Non Restructured Restructured
Note: All numbers are bank only, unless stated as consolidated 64
Page 65
LOAN DETAIL: CORPORATE – BANK ONLY
Business Sector Use of Loan
12
0. 0
% 12
00. %
10. 0
%
16.1% 15.6% 17.5%
100. %
23.3% 20.8% 23.7%
80
. 0%
7.5% 6.5% 8.3%
11.4% 9.7% 8.0%
12.4% 10.3% 9.9% 12.4% 80
.0
%
41.7% 43.3% 40.3% 42.1% 39.3% 41.5%
8.8% 8.5%
19.2% 13.9%
60
. 0%
19.5% 13.6% 14.9% 13.1% 60
.0
%
40
. 0%
21.9% 21.8%
26.0% 26.3% 20.7% 18.9%
20
. 0%
3.7% 6.9% 13.5% 12.6% 12.1% 11.4%
40
.0
%
0.0%
14.9% 14.1% 14.6% 11.2% 12.4% 11.9% 58.3% 56.7% 59.7% 57.9% 60.7% 58.5%
20
.0
%
2021 2022 2023 2024 1Q24 1Q25
Agribusiness Mining Industry Manufacturing
0.0%
2021 2022 2023 2024 1Q24 1Q25
Electricity, Gas & Water Construction Trading, Hotel & Rest.
Others Investment Working Capital
Collectability Restructuring Status
10
5. 0
% 12
0. 0
%
10. 0
% 10. 0
%
4.7% 3.9% 3.6% 3.3% 2.4% 13.4% 9.6% 11.5% 9.3%
6.7% 25.3% 21.4%
3.8%
4.2%
80
. 0%
95
. 0%
4.3% 4.7% 5.5%
6.9%
60
. 0%
90
. 0%
86.6% 90.4% 88.5% 90.7%
85
. 0%
93.8%
40
. 0%
74.7% 78.6%
91.0% 91.5% 90.9% 92.5%
80
. 0% 86.4% 20
. 0%
0.0%
75
. 0%
2021 2022 2023 2024 1Q24 1Q25 2021 2022 2023 2024 1Q24 1Q25
Current SML NPL Non Restructured Restructured
Note: All numbers are bank only, unless stated as consolidated 65
Page 66
INCOME STATEMENT – BANK ONLY
(Rp Bn)
Items 1Q25 4Q24 1Q24 g QoQ g YoY 2024 2023 2022
Interest Income 39,919 38,805 41,716 2.9% -4.3% 162,229 149,136 123,835
Interest from Loans 34,382 33,166 35,185 3.7% -2.3% 138,907 128,394 107,535
Int. from Other Earning Assets 5,537 5,639 6,531 -1.8% -15.2% 23,323 20,743 16,300
Interest Expense (12,375) (12,543) (12,773) -1.3% -3.1% (51,180) (38,484) (22,830)
Net Interest Income 27,545 26,263 28,943 4.9% -4.8% 111,049 110,652 101,005
Fee & Other Opr. Income 12,430 14,169 11,162 -12.3% 11.4% 53,508 42,728 38,320
Gross Operating Income 39,975 40,432 40,106 -1.1% -0.3% 164,557 153,380 139,325
Operating Expenses (14,824) (15,106) (13,365) -1.9% 10.9% (61,254) (57,046) (56,618)
Pre-Provision Operating Profit 25,151 25,326 26,741 -0.7% -5.9% 103,303 96,334 82,706
Provision Expenses (11,087) (7,736) (9,498) 43.3% 16.7% (33,140) (26,520) (23,564)
Loan - Provision Exp (10,837) (8,476) (11,125) 27.9% -2.6% (38,000) (26,093) (24,560)
Non-Loan - Provision Exp (250) 740 1,627 -133.8% -115.4% 4,860 (428) 996
Non-Operating Income (Net) (230) (976) (113) -76.4% 103.1% (1,053) (524) 277
Profit Before Tax n Minor. Int. 13,833 16,614 17,130 -16.7% -19.2% 69,110 67,072 59,419
Tax Expense (2,742) (3,445) (3,330) -20.4% -17.7% (14,269) (13,919) (11,591)
Net Profit 11,091 13,168 13,799 -15.8% -19.6% 54,841 53,153 47,828
Note: all numbers are bank only, unless stated as consolidated 66
Page 67
OTHER OPERATING INCOME & OPERATING EXPENSES
– BANK ONLY
Other Operating Income
(Rp Bn)
Items 1Q25 4Q24 1Q24 g QoQ g YoY 2024 2023 2022
Fees and Commissions 5,032 5,525 4,774 -8.9% 5.4% 20,408 18,074 18,470
Recovery of Written-Off Assets 4,783 7,195 4,159 -33.5% 15.0% 24,173 16,275 11,857
Gain on Sale of Securities - Net 539 493 370 9.3% 45.8% 2,001 1,793 1,431
Gain on Foreign Exchange - Net 736 315 220 133.8% 234.9% 1,115 429 993
Unrealized Gain on Changes in Fair Value of Securities 134 (39) 134 -441.6% -0.2% 154 89 50
Others 1,206 680 1,506 77.4% -19.9% 5,658 3,850 5,520
Total Other Operating Income 12,430 14,169 11,162 -12.3% 11.4% 53,508 40,509 38,320
Operating Expenses
(Rp Bn)
Items 1Q25 4Q24 1Q24 g QoQ g YoY 2024 2023 2022
Personnel 7,615 4,604 6,836 65.4% 11.4% 26,842 26,519 29,316
General and Administration 5,005 5,663 5,086 -11.6% -1.6% 21,629 21,020 19,039
Promotion 481 946 458 -49.2% 5.0% 2,440 2,590 2,411
Others 1,723 3,967 984 -56.6% 75.1% 10,343 6,917 5,852
Total Operating Expenses 14,824 15,181 13,365 -2.3% 10.9% 61,254 57,046 56,618
Note: all numbers are bank only, unless stated as consolidated 67
Page 68
1Q25
BANK ONLY LOAN QUALITY
68
Page 69
LOAN QUALITY – BANK ONLY
Classified Loan, Write Off, and Recovery
Non-Performing Loan – by Segment NPL Coverage (Rp Tn)
120
.0 35
00. %
NPL 1Q25 1Q24 2024 2023 2022 2021 2020 291.5%
278.1% 300. %
248.0%
100
.0
Micro 3.36% 2.69% 2.85% 2.47% 1.74% 1.49% 0.83% 215.27% 203%
25
00. %
80.0
199.43% 186%
Consumer 2.02% 2.20% 1.97% 1.97% 1.83% 1.78% 1.49%
200. %
60.0
15
00. %
Small 4.67% 5.44% 4.42% 4.88% 4.30% 4.05% 3.61% 84.6
40.0
80.9 77.0 78.3
64.1 71.2 71.8 100. %
Medium 2.49% 2.21% 2.50% 2.56% 2.26% 3.57% 4.61% 20.0
35.8 35.7 38.6 38.5
29.1 29.0
50
.0
%
25.9
Corporate 2.36% 3.33% 2.60% 3.86% 4.68% 6.68% 7.57% - 0.0%
2020 2021 2022 2023 2024 1Q24 1Q25
Total NPL 3.14% 3.27% 2.94% 3.12% 2.82% 3.08% 2.94%
Provision NPL NPL Coverage
Special Mention – by Segment Write Off & Recovery (Rp Tn)
60.94%
45.0 70
. 0%
SML 1Q25 1Q24 2024 2023 2022 2021 2020 59.12% 57.63%
52.43%
40.0
60
. 0%
49.18% 46.63%
Micro 6.85% 7.11% 6.20% 5.72% 3.95% 3.03% 2.47%
35.0
30.0
43.33% 50
. 0%
Consumer 2.54% 2.89% 2.38% 2.84% 2.76% 2.20% 2.69% 25.0
40
. 0%
20.0
41.9 30
. 0%
Small 5.80% 6.26% 4.74% 5.15% 4.30% 3.42% 3.19% 15.0 33.1
24.2
20
. 0%
Medium 2.68% 2.75% 1.90% 2.52% 2.55% 3.08% 3.07%
10.0
20.2
13.7 14.6 16.3
11.9 10.3 4.8
10
. 0%
5.0
7.2 8.9 9.6 4.2
Corporate 3.85% 4.18% 3.72% 4.67% 4.32% 6.94% 2.85% - 0.0%
0
2020 2021 2022 2023 2024 1Q24 1Q25
Total SML 5.15% 5.58% 4.63% 4.87% 3.87% 3.70% 2.75%
Write Off Recovery Income Recovery Rate
Note: All numbers are bank only, unless stated as consolidated 69
Page 70
LOAN DETAIL: QUARTERLY DOWNGRADE TO NPL
Loan Highlights 100.0%
Medium
Others Consumptive
90.0%
• Total downgrade from 12M24 to 3M25 was Rp18.8 Tn with detail
Small Business Working
as follows: Services Capital
80.0%
• The downgrade was all from MSME Segment, which was Consumer
mostly driven by Micro of 72.0% and Small of 21.6% 70.0%
• The downgrade was primarily from Trading, Restaurant, and
60.0%
Hotel (39.5%) and Business Services (31.4%)
Trading, Rp
• 76.0% was investment loan while the rest were from working 50.0% Restaurant,
and Hotel
capital loan of 17.7% and consumptive loan of 6.3%
40.0%
• 100% was IDR loan Micro
Investment
30.0%
20.0%
Manufacturing
10.0%
Agribusiness
0.0%
Segment Business Sector Use of Loan Currency
Note: All numbers are bank only, unless stated as consolidated 70
Page 71
LOAN DETAIL: QUARTERLY DOWNGRADE TO STAGE 2
Corporate
Loan Highlights 100.0% USD
Medium Consumptive
Others
• Total downgrade from Stage 1 in 12M24 to Stage 2 in 3M25 was 90.0%
Small Business
Rp20.2 Tn with detail as follows: Working
80.0% Services
Capital
• The downgrade was mostly from MSME Segment, driven by
Micro of 60.3% and Small of 28.2% 70.0%
• The downgrade was primarily from Trading, Restaurant, and Consumer
60.0% Trading,
Hotel (49.5%) and Agribusiness Sector (20.7%) Restaurant, Rp
and Hotel
• 66.3% was investment loan while the rest were from working 50.0%
capital loan of 24.8% and consumptive loan of 8.9%
40.0% Investment
• 99.8% was IDR loan Micro
30.0%
Manufacturing
20.0%
10.0%
Agribusiness
0.0%
Segment Business Sector Use of Loan Currency
Note: All numbers are bank only, unless stated as consolidated 71
Page 72
QUARTERLY NPL FORMATION
Micro (Rp Bn) Medium (Rp Bn)
Micro 1Q24 2Q24 3Q24 4Q24 1Q25 Medium 1Q24 2Q24 3Q24 4Q24 1Q25
NPL Begin 12,241 13,492 14,615 15,015 14,021 NPL Begin 826 756 633 716 975
Net DG to NPL 7,250 5,956 5,405 5,166 8,054 Net DG to NPL 33 257 332 620 236
Write Off 5,998 4,833 5,005 6,160 5,709 Write Off 103 380 249 361 188
NPL ending 13,492 14,615 15,015 14,021 16,366 NPL ending 756 633 716 975 1,023
NPL formation % 8.29% 7.49% 7.29% 7.19% 9.49% NPL formation % 2.89% 5.21% 5.63% 8.95% 4.75%
NPL % 2.69% 2.95% 3.03% 2.85% 3.36% NPL % 2.21% 1.75% 1.94% 2.50% 2.49%
Consumer (Rp Bn) Corporate (Rp Bn)
Consumer 1Q24 2Q24 3Q24 4Q24 1Q25 Corporate 1Q24 2Q24 3Q24 4Q24 1Q25
NPL Begin 3,599 4,112 4,103 4,101 4,001 NPL Begin 7,988 7,614 7,743 6,452 6,607
Net DG to NPL 1,052 680 791 920 940 Net DG to NPL 130 129 (20) 556 281
Write Off 540 690 793 1,020 729 Write Off 504 - 1,271 402 801
NPL ending 4,112 4,103 4,101 4,001 4,212 NPL ending 7,614 7,743 6,452 6,607 6,087
NPL formation % 4.22% 3.64% 3.82% 4.03% 3.76% NPL formation % 3.88% 3.50% 3.22% 3.57% 4.30%
NPL % 2.20% 2.13% 2.08% 1.97% 2.02% NPL % 3.33% 3.07% 2.52% 2.60% 2.36%
Small (Rp Bn) All Segments (Rp Bn)
Small 1Q24 2Q24 3Q24 4Q24 1Q25 All Segments 1Q24 2Q24 3Q24 4Q24 1Q25
NPL Begin 11,120 12,611 11,643 10,700 10,078 NPL Begin 35,773 38,585 38,737 36,984 35,682
Net DG to NPL 3,946 2,935 2,701 3,017 3,586 Net DG to NPL 12,411 9,957 9,209 10,279 13,097
Write Off 2,455 3,902 3,644 3,639 2,832 Write Off 9,599 9,804 10,962 11,582 10,259
NPL ending 12,611 11,643 10,700 10,078 10,832 NPL ending 38,585 38,737 36,984 35,682 38,520
NPL formation % 11.69% 10.56% 9.74% 9.89% 10.60% NPL formation % 7.33% 6.63% 6.34% 6.52% 7.69%
NPL % 5.44% 5.05% 4.64% 4.42% 4.67% NPL % 3.27% 3.21% 3.04% 2.93% 3.14%
Note: All numbers are bank only, unless stated as consolidated.
NPL Formation formula is based on internal calculation 72
Page 73
WRITE OFF AND RECOVERY PER SEGMENT
Write Off (Rp Tn) Recovery Income (Rp Tn)
0.8
45.0
41.9 2.2
0.8 0.3
40.0
1.5 0.5 0.8
30.0
0.1
1.3 1.1 0.2 0.3
33.1 0.2 24.2
35.0
1.3 0.6 0.1 0.2 25.0
0.2
30.0 0.5 13.6 0.2
1.1 0.5 0.7 20.0
0.5 0.4
12.4 0.1 16.3 8.6
0.0
25.0
20.2 3.0
0.3 0.1
11.9 0.8
15.0
20.0
13.7 14.6 3.1 6.2 0.1
15.0
8.9
8.3 9.6 10.3 10.0
7.2 4.8
5.6 22.0 4.8
13.7
10.0
4.6 2.1 16.0 2.5 2.8 3.1 4.2
1.5 2.4
1.2 8.7
5.0
1.6 1.4
5.0
5.4 5.9 7.6 6.0 5.7 4.6 6.0
-
3.9 2.3 2.7
-
2020 2021 2022 2023 2024 1Q24 1Q25 2020 2021 2022 2023 2024 1Q24 1Q25
Micro Consumer Small Medium Corporate Micro Consumer Small Medium Corporate
Credit Cost Recovery Rate
4.50 %
3.82%
4.00 %
3.42% 3.56% 2020 2021 2022 2023 2024 1Q24 1Q25
3.28% 3.17%
3.50 %
Micro 72.8% 77.6% 78.6% 54.6% 62.3% 38.3% 47.2%
3.00 %
2.47% 2.38%
2.50 %
Consumer 33.8% 39.7% 37.6% 27.3% 39.8% 37.9% 34.7%
2.00 %
2.45% 2.45% 2.39% Small 52.6% 56.1% 57.9% 50.1% 62.7% 63.4% 47.8%
1.50 %
1.99%
1.00 %
Medium 27.6% 107.6% 29.0% 28.4% 39.9% 53.7% 52.4%
1.28% 1.15%
0.89%
0.50 %
0.00 %
Corporate 6.2% 12.7% 9.5% 32.7% 11.9% 9.2% 47.8%
2020 2021 2022 2023 2024 1Q24 1Q25 Total 52.4% 60.9% 59.1% 49.2% 57.6% 43.3% 46.6%
CoC % Coc Net %
Note: All numbers are bank only, unless stated as consolidated 73
Page 74
LOAN QUALITY – BANK ONLY
Loan at Risk Continues to Decline Coupled with More Adequate Provisioning
Loan at Risk (% to Total Loan) Total Restructured Loans (% to Total Loan)
35
. 00
%
29.77% 27.16%
28.26% 26.19%
30
. 00
%
30
. 00
%
24.11% 25
. 00
%
21.77%
25
. 00
%
17.11%
20
. 00
%
20
. 00
%
22.07% 21.19% 14.35%
12.54% 22.07% 21.19%
16.63% 10.89% 11.35%
15
. 00
%
16.63%
15
. 00
%
10.41% 8.94%
10
. 00
%
4.49% 1.01%
10
. 00
%
10.41% 6.99% 6.78%
1.28% 4.75%
10.34% 1.28% 1.01%
5.00%
7.69% 7.07% 7.48% 8.05% 9.61% 5.00%
6.70% 5.09% 4.99% 5.14% 5.71% 5.77%
0.00%
0.00%
3.94% 4.19%
9M20 2020 2021 2022 2023 2024 1Q25 9M20 2020 2021 2022 2023 2024 1Q25
LAR Non Covid-19 Restru Covid-19 Total LAR Restru Non Covid-19 Restru Covid-19 Total Restru
LAR & LAR Coverage (Inc. Covid-19) Total Restructured Loans by Collectability
12
0. 0%
60
. 00
%
53.59% 52.32% 51.56%
10. 0%
48.00% 7.03% 7.63% 9.42% 11.36%
6.17% 19.18% 18.41% 19.04%
50
. 00
%
13.77% 10.98%
80
. 00
%
16.04%
35.56%
29.95%
40
. 00
%
29.77% 28.26% 60
. 00
%
34.06% 35.69%
30
. 00
%
40
. 00
%
79.20% 86.20% 79.60%
20
. 00
%
72.60%
25.77% 24.11%
21.84% 50.87% 47.53% 45.27%
10
. 00
%
17.11% 20
. 00
%
12.54% 11.07% 11.35%
0.00%
0.00%
9M20 2020 2021 2022 2023 2024 1Q25 9M20 2020 2021 2022 2023 2024 1Q25
LAR LAR Coverage Current SML NPL
74
Page 75
OTHERS
75
Page 76
STRENGTHS AND CHALLENGES
Key Strengths Key Challenges
❑ New Management in Place, Focusing on Revisiting All ❑ Loan Mix Change is Impacting NII in Short Term
Fundamentals especially Retail Funding and • Loan portfolio mix shift where Micro to total loans decreased by 158bps YoY
to 46.02% in 1Q25 and the continued shift to KUR from Kupedes is negatively
Revamping Core Business impacting the consolidated NIM, as the Micro segment has the highest yield at
• We believe that the new management brings more expertise especially around 15%.
in retail and consumer business. And, as our short-term initiatives will
focus on funding as main priority, we will synergize all segments and our • Going forward, we will shift growth from Corporate to Consumer lending and
subsidiaries to enhance our retail funding capabilities through BRImo boost retail funding to support margins
and all digital channels enhancement, payroll acquisitions, and bring
low-cost funds from corporate and commercial clients ❑ Seasonally Higher Cost of Credit Remains Elevated
• Gross cost of credit at 1Q25 was 3.53%, increasing from 3.32% in FY24, and
❑ NIM Maintained at Higher Range of Guidance as Loan remains above our FY25 target. Higher CoC QoQ was due to elevated net
downgrades in Micro and Small lending. Furthermore, we are cautious on
Yield Increased restructured loans in micro and small that total Rp52.8 tn.
• NIM was at 7.68%, as loan yield increased by 42bps QoQ to 12.87% in
1Q25, while CoF decreased by 15bps to 3.48% in 1Q25. YoY change • BRI maintains ample NPL Coverage at 200.6% and our Loan Loss Reserve is
was due to one-off payment in 1Q24. 5.9%, well above the pre-covid level of below 4.5%. We anticipate
• Loan yield increase was due to Modification Loss impact from WIKA and consolidated gross CoC for FY25 to be 3% - 3.2%, primarily due to micro and
Waskita along with the absence of several cash basis payments in small portfolio provisions.
4Q24, while liabilities optimization strategy continued to drive down CoF
as LDR was maintained at 86% in 1Q25 ❑ Micro Savings Slow Growth
• CASA decreased by 153bps to 65.8% at 1Q25 compared to 4Q24, following
❑ 1Q25 PPOP Supported by Core Earnings and Higher the funding frontload strategy to anticipate Ramadhan and Dividend payment
season in 1Q25. Time deposit balances increased by 9% QoQ, while Savings
Subsidiaries Contribution decreased by 0.2% QoQ. We are expecting tight liquidity will remain in 2Q25,
• PPOP was supported by Net Interest Income Growth and Net Premium and more conducive liquidity condition in 2H25.
Income growth QoQ at 4.05% and 3.38% respectively
• Opex remains well controlled as it declined by 4.64% QoQ and CIR is • We have not seen significant improvement in micro savings, as it only grew by
standing at 40.73% in 1Q25, in line with our guidance for 2025. 2.4% YoY in 1Q25, as macro situation is still putting pressure on our customer
base. However, the recent inauguration of several Government programs that
• Subsidiaries continued to become larger part of our loan book as PNM could support the mass market segment and signals of monetary easing cycle
and Pegadaian contributed 10.56% of our total loan and 21.93% of our in early 2025 could improve liquidity.
NII
76
Page 77
SUBSIDIARIES CONTRIBUTION TO BRI GROUP
Subsidiaries Contribute 10.9% to Consolidated Net Profit
Loan & Financing
BRI Subsidiaries BRI Ownership Total Asset 2024 Assets (Rp Tn) (Rp Tn) Net Profit (Rp Tn)
15.5% YoY 16.3% YoY 21.4% YoY
229.5 158.4 2.7
Market Leader in General Insurance Provider 2.2
Pawn Industry (property, vehicle, etc) 136.2
198.7
99.99% 111.2 Tn 90.00% 8.4 Tn
1Q24 1Q25 1Q24 1Q25 1Q24 1Q25
National Leader in
Community Based
5.8%
Lending 8.7%
Pegadaian
99.99% 57.6 Tn 99.97% 2.4 Tn
PNM
% to Total 11.9% 48.4% BRILife
Subsidiaries
Bank Raya
Assets
25.1% Others
51.00% 27.2 Tn 67.00% 1.7 Tn
Digital Bank focused 6.8% 1.2%
in MSME especially
gig economy
8.2% Pegadaian
86.85% 13.4 Tn 65.00% 315 Bn % to Total PNM
Subsidiaries BRILife
18.7%
Net Profit
65.1% BRI Insurance
Others
99.88% 7.2 Tn 100% 50 Bn
77
Page 78
MICRO ASSET QUALITY REMAINS ELEVATED, MACRO
PRESSURES SUBSIDING
Food Inflation vs Asset Quality vs Credit Cost
20.0% 8.0%
18.0%
6.68% 7.0%
16.0% 6.22%
6.0%
14.0%
5.0%
12.0%
10.0% 3.56% 4.0%
3.17%
8.0%
3.0%
6.0%
2.0%
4.0%
1.0%
2.0%
0.0% 0.0%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1Q25
Food Inflation lagged T-1 BRI Micro NPL + Write Off Credit Cost
Note: all numbers are bank only, unless stated as consolidated 78
Page 79
Liquidity & Capital Management Remain Conservative
LCR & NSFR Bond Classification (Rp Tn, % Composition)
400
.0
300. %
350
.0
8.4%
300
.0
9.0% 5.1% 6.4% 6.8% 8.2%
250
.0
57.9%
241.0% 54.2% 45.7% 49.3%
25
00. %
63.4% 50.2%
228.5%
200
.0
150
.0
199.4%
100
.0
33.7% 40.7% 48.0% 43.9%
200. %
50.0
27.6% 41.6%
-
162.5% 160.7% 2020 2021 2022 2023 2024 1Q25
156.6%
15
00. %
HTM 50.6 AFS Trading
149.3%
142.3% Non-Loan Earning Assets/ Total Earning Assets
136.8% 135.2%
127.9%
123.6%
34.4%
3,500 40
.0
%
100. %
32.5% 31.6%
29.3% 29.1%
35
.0
%
3,000
100% 2,500
26.4% 30
.0
%
LCR & NSFR 1,791 1,841 1,937 25
.0
%
2,000
1,589 1,666
Minimum regulatory
50
.0
%
1,512 20
.0
%
requirement
1,500
15
.0
%
563
1,000
492 546 527 525 487
10
.0
%
500
5.0%
- 0.0%
0.0%
2020 2021 2022 2023 2024 1Q25
2020 2021 2022 2023 2024 1Q25
LCR NSFR Non-Loan Earning Asset (IDR Tn) Earning Asset (IDR Tn) % Non Loan to EA
79
Page 80
DIGITALIZATION SUPPORTING CASA
CASA vs Cost of Fund Source of CASA Growth
MERCHANT
70
. 00
% 5.00%
# Merchant EDC (in thousand) Sales Volume/ Merchant (Rp Mn) % Merchant EDC Market Share1
68
. 00
% 67.54% 70.0
623.3
66.92% 557.2 20 .0 % 17.8%
15.3% 15.6%
600.
4.00%
13.9%
18 .0 %
66.00% 500.
427.3 16 .0 %
40 354.8 334.3 374.4 344.2
327.1 337.5
14 .0 %
66
. 00
%
3.22% 64.55%
35
0
400.
12 .0 % 9.8%
30
238.1 300. 10 .0 %
3.56%
25
0
8.0%
3.35%
20
200.
6.0%
3.00% 15
0
4.0%
64
. 00
% 10 100.
50
2.0%
2.89%
0.0
0 0.0%
63.30%
2022 2023 2024 1M25 1Q24 1Q25 2022 2023 2024 1M25 1Q24 1Q25 2021 2022 2023 2024 1M25
62
61.00%
. 00
%
2.00%
2.05% 1.87%
BRIMO
60
. 00
%
Generated Fee Income (Rp Bn) BRIMO Penetration Rate
1.00%
51.0%
58
. 00
%
60
.0
%
44.6% 47.4%
900
.0
849.0 50
.0
%
40.8% 42.8%
850
.0 38.7%
738.2 30.4%
40
.0
%
800
.0
56
. 00
% 0.00%
750
.0
2020 2021 2022 2023 2024 1Q25
30
.0
%
700
.0
650
.0
20
.0
%
CASA % COF
600
.0
550
.0
10
.0
%
500
.0
450
.0 0.0%
1Q24 1Q25 2022 2023 1Q24 1H24 9M24 2024 1Q25
BRIMO penetration rate used total customers of 78.6 Million as of 3M25
Note: All numbers are bank only, unless stated as consolidated 80
Page 81
LATEST REGULATIONS
Indonesia Investment Body 2025 KUR Quota
Ref. Republic of Indonesia Law No. 1, 2025 Ref. Coordinating Ministry of Economy Letter No.237 dated December 31st 2025
❑ The Government of Indonesia (GOI) has issued the Law concerning Third Amendment The Coordinating Ministry for Economic Affairs of the Republic of Indonesia, has set
of Law No. 19, 2003 regarding State Owned Enterprises (SOEs). The Law regulates the the National KUR disbursement quota of Rp300 Tn for 2025, similar to the 2024 quota.
duties and authorities over SOEs that was initially held by the SOE Ministry to be BRI received Rp175 Tn KUR quota, a slightly decline from the 2024 revised quota of
partially delegated to the Operational Holding of Danantara Investment Management Rp185.5 Tn with the following breakdown:
Agency (Danantara). • Micro KUR: Rp160 Tn (2024: Rp168 Tn)
❑ As of March 22, 2024, GOI has transferred Series B shares ownership of SOEs to PT. • Small KUR: Rp15 Tn (2024: Rp17.5 Tn)
BKI as Danantara Operational Holding, while GOI remains as the controlling shareholder
of the SOEs through direct ownership of Series A Dwiwarna share with special rights by Government Debt Relief Program (Loan Forgiveness)
the SOE Ministry
❑ Danantara will have Supervisory Board (Representatives of SOE Ministry, Finance Ref. Government Regulation (PP) No. 47/2024
Ministry, Ministry of Investment and Downstream Industry and Coordinating Ministry of
Economic Affairs and State Officials appointed by the President) and Executive Board In November 2024, the president signed the Government Regulation regarding Debt Relief .
❑ The separation of duties and authority between SOE Ministry, Danantara, and The The program is aimed to provide debt relief for customers in MSME to help support this
Operational Holding regarding the management of SOEs is as follows: segment. The loan criteria for the debt relief regulation is as follows:
a. The SOE Ministry 1. Loan OS max. Rp 500mn
(1) Determine the General Policy and Governance, (2) Inspections, (3) Establish 2. Loans have been written off min. 5 years
criteria for loan write-offs and loan cancellation, (4) Approve the restructuring 3. Loans are not covered by insurance
including mergers, amalgamations, acquisitions and separations, and (5) 4. No Collateral
Business Plan ratification of the Operational Holding and Investment Holding of 5. Loans should have been restructured before written off
Danantara
The regulation stated that customers benefitted from this program will have their payment
b. Danantara status mentioned as part of the Government Debt Relief Program and that banks will have
(1) Manage dividends from SOEs, (2) Manage capital participation in SOEs, (3) to maintain records of these customers.
Together with SOE Ministry ratify Business Plan of the Operational Holding and
Investment Holding of Danantara and (4) Approve the proposal of loan write-offs Changes to RRR Incentives
and loan cancellation
c. Danantara Operational Holding Ref. Bank Indonesia Regulation (PADG) No. 8, 2025
(1) Issue bonds and/or receive loans, (2) Provide loans and/or guarantees to
Bank Indonesia provided additional RRR incentives of 100bps, increasing the total limit of
SOEs and its subsidiaries and (3) Propose loan write-offs and loan cancellation RRR incentives from 400bps to 500bps through addition of maximum RRR incentives for
plan to Danantara Banks which provide financing to certain sectors, that will be effective as of April 2025. As
of 1Q25, our RRR stood at 4%.
81
Page 82
BRI NETWORKS
The Most Extensive Network Across Indonesia
Branchless Network 2020 2021 2022 2023 2024 1Q25 YtD
Net Profit per Outlet (Rp Bn)
BRILink Agents 504,233 503,151 627,012 740,818 1,064,219 1,191,077 126,858
7.2
6.9
Office Type 2020 2021 2022 2023 2024 1Q25 YtD
5.8 5.9
Head Office 1 1 1 1 1 1 -
Regional Office 19 18 18 18 18 18 -
Branch Office & Special Branch
3.7
Office 462 451 449 453 453 454 1
Branch Overseas Office 5 6 6 6 6 6 -
Sub-Branch Office 608 588 579 556 555 554 - 1 2.0
Sub-Branch Overseas Office 3 3 3 3 3 3 -
BRI Units 5,382 5,222 5,156 5,117 5,086 5,084 - 2
Cash Office 547 525 506 505 500 493 - 7
2020 2021 2022 2023 2024 1Q25
BRI Terrace 1,867 1,697 1,370 977 873 828 - 45
Mobile BRI Terrace 132 132 117 115 69 43 - 26
Outlets vs E-Channel Trx Composition
Ship BRI Terrace 4 4 4 4 4 4 -
Total 9,030 8,647 8,209 7,755 7,568 7,488 - 80
10
1. 0
%
10. 0
%
1.6% 1.4% 1.8% 1.7%
2.6%
99
. 0%
E-Channel Type 2020 2021 2022 2023 2024 1Q25 YtD
98
. 0%
97
. 0%
5.7%
ATM 16,880 14,463 13,863 12,263 10,663 10,663 - 96
. 0%
98.4% 98.6% 98.3%
95
. 0%
EDC** 198,785 203,027 497,976 664,801 776,357 723,147 - 53,210 94
. 0%
97.4% 98.3%
CRM 5,809 7,407 8,007 9,007 9,007 9,007 - 93
. 0%
92
. 0%
94.3%
e-Buzz 57 57 57 57 57 56 - 1 91
. 0%
Total 221,531 224,954 519,903 686,128 796,084 742,873 - 53,211 2020 2021 2022 2023 2024 1Q25
E-Channel Outlet
*In accordance with POJK No. 12/POJK.03/2021 concerning Commercial Banks, there are adjustments for the types of BRI Unit
Offices, Teras BRI and BRI Cash Offices which are included in the category of Sub-Branch Offices. Here, the data is still E-channel transactions include ATM, CDM, BRIlinks,
separated. BRIMO, and Internet Banking.
** Since 2022, number of EDC includes government program, managed service, and partnership EDC
82
Page 83
BRI CREDIT RATINGS
Fitch Rating 2024 Moody's 2025
Long Term Rating BBB Long-Term Counterparty Risk Rating (Foreign
Baa1/P-2
Short Term Rating F2 Currency)
Viability Rating bbb- Long-Term Deposit (Foreign Currency) Baa2/Stable
Government Support Rating bbb Short-Term Counterparty Risk Rating (Foreign
P-2
Currency)
National Long-Term Rating AAA
Short-Term Deposit (Foreign Currency) P-2
National Short-Term Rating F1+
Sovereign Risk BBB Baseline Credit Assessment baa2
Outlook Stable Adj Baseline Credit Assessment baa2
S&P Global Rating 2025 PEFINDO 2025
Issuer Credit Rating BBB/Stable/A-2 Final Rating (National Rating) idAAA, Stable Outlook
Stand Alone Rating idAA+ (sa)
83
Page 84
Thank You
PT BANK RAKYAT INDONESIA (Persero) Tbk.
Investor Relations
7th floor BRI II Building
Jl. Jenderal Sudirman No. 44-46 Jakarta 10210
Indonesia
Phone : 62 21 5752006/09, 5751952/79
Website : www.ir-bri.com
Email : ir@bri.co.id
84
Names mentioned 20 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Syariah
p.5
unresolved
org
Bank REQUIREMENT
p.15
unresolved
org
Bank Only COF
p.16
unresolved
org
PT. PERMODALAN NASIONAL MADANI Leading Women’s Group Lender
p.35
unresolved
org
PT. PEGADAIAN Increasing Gold Price
p.36
unresolved
org
Ministry of Coorperatives and SMEs’s
p.50
unresolved
org
Ministry of Economy Letter
p.81
unresolved
org
Ministry of Investment and Downstream Industry and Coordinating Ministry
p.81
unresolved
org
Bank Indonesia
p.81 ×2
unresolved
org
Bank Indonesia Regulation
p.81
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